iForex is a long-established Forex company founded in 1996. They handle a large number of stocks and can trade 1046 stocks. Forex currency pair 83, stock index 33, energy 6, precious metals 6, commodity futures 8, virtual currency 17, stocks 845, ETF47. The reliability is higher than other companies in the same industry because it is a long-established overseas Forex company with 3 financial licenses and more than 20 years of operation history. It is also the most loss-tolerant company with the characteristic that the loss cut level is set to 0%. This time I’m writing about iForex companies and licenses.
Company information
iForex is an overseas Forex brand operated by iForex. The FX trading service started in 1996 and is known as a company with a very long operating period in the world.
| Company Name | iForex |
| Headquarters location | 15 Nikis st., Syntagma Square,10557 Athens, Greece |
| license | CySEC/BVI/Hungary |
| Business start date | 1996 |
| Capital | 14922898 USD |
| Number of employees | 198 people |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is iForex licensed?
| Company Name | Acquisition license |
| iForex | Nemzeti Bank of Hungary (PSZAF) |
| iForex | Cyprus Securities and Exchange Commission (CySEC) |
| iForex | British Virgin Islands Financial Services Commission (BVIFSC) |
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about iForex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Scalping | Scalping more than 10 times a day is prohibited. |
| Automatic trading | FX NetView is adopted as the iForex trading tool, and automatic trading is not available. |
| Transactions using rate delay | There may be a delay between the exchange rate being set and the delivery. Taking advantage of this rate delay, trading is a violation of the rules and is subject to withdrawal refusal. |
| Creating multiple accounts | iForex can only create one account per person. Creating multiple accounts is a violation. You cannot withdraw money. |
| Withdrawal of bonus | With iForex, you cannot withdraw only deposit bonuses or only swap points. |
| Unsubmitted identity verification documents | With iForex, you cannot withdraw without submitting your ID. |
| Bank transfer without SWIFT registration | With iForex, you cannot withdraw because it cannot be recognized. |
| Arbitrage | Arbitrage is a violation. You cannot withdraw money. |
| Double-decker | Both buildings are prohibited. Both denominated is a trading method that holds positions of the same brand at the same time. |
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