Find the Trading Terms and Conditions of iFOREX (2024)

FAQs

Is iFOREX legit or not? ›

Let's find out. Iforex is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

Forex CFDs are traded as currency pairs while the other CFDs (shares, currencies, commodities, indices, ETFs and cryptocurrencies) are commonly a financial ... What is the minimum required deposit for online trading? The minimum initial investment is $100.

With a maximum leverage of 400:1, you can open a deal that is worth 400 times your initial investment, which is $40,000. This means that for every $1 you invest, we give you $400 in trading power.

This category is also known as 'forex', 'foreign exchange' or 'currency trading'. It includes currency pairs which are traded, as CFDs, against each other. At iFOREX you can trade over 200 currency pairs such as EUR/USD, JPY/USD and GBP/USD.

Risk in forex trading is the same as risk in any other market. If your positions go against you, you may have to close them at a loss instead of a profit. No trader gets it right 100% of the time, so learning how to manage and mitigate risk is a key part of achieving success.

Many professional traders say that the best leverage for $100 is 1:100. This means that your broker will offer $100 for every $100, meaning you can trade up to $100,000. However, this does not mean that with a 1:100 leverage ratio, you will not be exposed to risk.

The usual leverage used by professional forex traders is 100:1. What this means is that with $500 in your account you can control $50K. 100:1 is the best leverage that you should use. The most important thing is how much of your account equity you are willing to lose on a trade.

The best leverage in forex markets depends on the investor. For conservative investors, or new ones, a low leverage ratio of 5:1/10:1 may be good. For seasoned investors, who are more risk-friendly, leverages may be as high as 50:1 or even 100:1 plus.

Click on 'Withdraw Funds' in the Menu. Fill-in the amount you wish to withdraw, and click on 'Continue'. Choose the withdrawal method you're interesting in, and click on 'Continue'. Depending on your past deposits, this step might not be available to everyone.

Is forex trading a con? ›

In conclusion, forex trading can be a legitimate and profitable form of investment, but it is important to be aware of the potential for scams. By being vigilant and taking the necessary precautions, you can protect yourself from falling victim to a forex scam. Stay informed and stay safe in the world of forex trading.

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

In conclusion, forex trading can be a legitimate and profitable form of investment, but it is important to be aware of the potential for scams. By being vigilant and taking the necessary precautions, you can protect yourself from falling victim to a forex scam. Stay informed and stay safe in the world of forex trading.