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iForex Forex Broker Review

by forex on May 5, 2009

About iForex Forex Broker

iforexiForex is a British Virgin Islands based forex trading company, with a solid customer service and ok trading platform.

The platform of iForex is not a 5/5 software, as there are times that it experiences lags and slowdowns, but the same goes with all forex brokers. Admittedly, there are better designed platforms out there, but iForex’s is certainly far from being the worst. However, the simplicity of the company’s interface does backfire a bit when it comes to sophisticated traders, as some might not like its over-simplicity. The graphs and charts are not as detailed as other mature users might like.

The customer service of iForex is noted as one of the best in the market. This is not to say that there are no blunders in their part, but it is quite obvious that the staff of iForex do their best when it comes to serving their clients.

Basic Broker Details

Site http://www.iforex.com/
Country of Origin British Virgin Islands
Accepted Deposit Modes Bank transfer, any major credit card
Withdrawal Method Bank transfer
Leverage Max 1:400
Regulation Body None
Spread 3 pips (EUR or USD)
Minimum Account Requirement $100

Pros of iForex Forex Broker

*Web and standalone platform available

*Good customer support

Cons of iForex Forex Broker

* No MetaTrader 4

*Requires images of both sides of credit cards

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