iForex is a long-established broker that has been in operation for over 20 years since its establishment in 1996, and has a very long operating experience and stable management. Adopting a zero-cut system with no margin, it prevents traders from borrowing money. You can easily open an account because you don’t need an ID card. The range of trading stocks is very wide, and there are 90 types of Forex currency pairs, 6 types of precious metals, 24 types of indexes, 150 types of stocks, and there are many TOP class among overseas Forex companies, so it does not bother you at all. This time, I am writing about the FX currency pairs we are dealing with.
iForex has only one account type. Therefore, it is not suitable for people who want to try multiple account types, trading tools, and leverage without such features. If you want to experiment with different account types, other vendors may be better, but if not, iForex is a good choice.
iForex supports the following currency pairs. It is very abundant because it supports 90 types.
Scalping trade is NG
iForex spreads are very narrow compared to other companies. Therefore, scalping is recommended because it tends to make a momentary profit, but it is NG because it is clearly stated in the transaction agreement.
EA is banned
iFOREX often prohibits trading rules, such as not being able to use EA. EA is NG because it is clearly stated in the transaction agreement. In addition, double-decker and scalping are also prohibited. You can see that even among Forex companies, we are particular about the safety and legitimacy of transactions. It can be said that it is a very sensible trader.
iFOREX is a long-established company with 20 years of operation history
There is a sense of security as it has been in operation for a long time. Also, it seems that there have been no reports of withdrawal refusals before. The fact that there are abundant products that can be traded in addition to foreign currencies is also attractive to traders.
Low risk, low return for beginners
Beginners should not be familiar with Forex yet, so start trading with a small number of lots. If you have one position and one lot, you will not suddenly go bankrupt. Let’s start low risk and low return.