Review: iFOREX Trading Platform - Zero Plus Finance (2024)

With CFD trading gaining popularity nowadays, many potential traders start their search for a reliable broker on a YouTube broker page or a Twitter social page to get a sense of who the broker is and what kind of content they offer. These days, there are plenty of good options to choose from, though it is also true that not every platform will work for each person. The real goal is to make a connection with a broker that empowers you on your particular trading journey. This means the right combination of tools and instruments, laid out in an easy-to-navigate format that works with you. You’ll need to be kept up-to-date with the very latest figures about your instrument’s performance. You’ll need to be educated about the nature of CFD trading. And you’ll need to have a generous variety of trading instruments available before you, so that you can build your portfolio as you wish. In this article, we will review the iFOREX CFD trading platform so that readers may get an idea of the experience of online trading of forex, stocks, ETF, cryptos with iFOREX as CFDs.

Education

We begin with this category because it may be the most important. Simply setting users free to spend their money online and start online trading of forex, stocks, ETF, cryptos with iFOREX as CFDs is not good enough. Rather, traders should be carefully guided through the basics of CFD trading, and, once they are grounded in the basics, be allowed to explore the more advanced concepts. In the case of iFOREX, the educational package is of top quality. Users are offered iFOREX’s exclusive trading guide to ensure they clearly understand the mechanics of CFD trading, as well as a solid range of instructional videos which cover everything from the signing-up process itself to opening CFD deals and using advanced trading strategies. In addition to this, the platform offers useful articles which point out and explain market trends and important news. Those who sign up are able to use a $5000 demo account to get used to the platform before using any of their own money. And a feature that many traders appreciate is the option to connect with a real trading coach and experience one-on-one training.

The iFOREX App

The iFOREX mobile app contains every feature of the desktop version, providing a simple, powerful, and convenient way to open, close and monitor deals. In this area, iFOREX has something substantial to offer because their platform is not generic but was carefully built in-house using feedback from real traders. It is kitted out with all the tools traders find invaluable, like an Economic Calendar to make sure you don’t miss out on important global financial events, as well as market signals, performance charts, live rates, and technical indicators.

These days, security is something that can’t be compromised on, and iFOREX keeps their users’ sensitive information protected behind sophisticated technology. In addition to safety and security, iFOREX is also big on risk management, offering features such as Negative Balance Protection that makes sure traders never lose more than their original investment, as well as Stop Loss and Take Profit orders.

Instruments

Once you’re set up on the iFOREX platform, you don’t want to be limited in your choices. On iFOREX, the list of available trading instruments is extensive. Users can open deals on a wide variety of CFD instruments including commodities like Natural Gas and Brent Oil, shares like Apple, Amazon and Tesla, cryptocurrencies like Bitcoin and Ethereum, indices like US 500, India 50 or Saudi All-Share Index, big currency pairs like EUR/USD or USD/JPY, and ETFs. With the guidance of the educational materials, CFD traders understand that they are trading on the price movements of all these instruments, without ever buying any underlying asset like actual gold or any actual shares in a company. When traders open a “buy” deal, they expect the price of an instrument to rise and vice versa, a “sell” deal implies he believes the price will drop. All the common questions about this kind of trading are answered within the educational package.

At the End of the Day

When we evaluate online trading of forex, stocks, ETF, cryptos with iFOREX, the platform and the brand speak for themselves. iFOREX, which has over 25 years of experience in the business, also prides itself on the excellence of its customer support. You won’t have any trouble finding someone happy to assist with your questions in your language—a definite necessity for traders nowadays.

Lately, traders are increasingly realizing the usefulness of a broker’s social pages, and iFOREX users can check out its Twitter social page and YouTube broker page for all kinds of useful insights and news, which often prove helpful in the world of trading. Whichever brokerage you choose, we hope our guidelines will help you navigate through the sea of platforms out there and find the one that suits you just right.