iForex is really just one of the many brokers out there that allows you to trade the currency markets. However, if you do a little research on the company, you will see that it offers more than just a platform for buying and selling currency pairs. In this article, we are going to tell you more about the company.
Let’s start with the assets that you can trade on iForex. There are basically just three types of products that are available: spot trades, CFDs, and binary options. Under these three product classes, you will find many different underlying assets, like the EUR/USD, gold, Facebook shares, etc. If you want to get the complete list of the assets that you can trade on the company’s platform, go to their website.
Its offerings are comparable to other brokers, however, there is something about this company that makes it stand out. What is it? It’s the guaranteed stop loss and negative balance protection. While we don’t how the program actually works, we do know that it is unique to this broker. Almost all other brokers are for self-directed traders, which means that you are basically on your own, meaning all your losses and wins all depend on you. Of course, there is that token free ebook on forex that very few people actually read.
iForex, however, dares to be different by offering a one-on-one coaching program for free, which you can get by funding your account with a certain amount of money. We really do not need to tell you, but the financial markets are volatile and you can easily lose money just as easily as you win it. This is the reason why most people think it’s gambling.
However, if you are able to increase your odds and be on the winning side of a trade, you are not gambling, you are literally printing money on-demand. But making that leap forward from newbie to seasoned trader takes hundreds if not thousands of hours of trading time. However, you can level the steep learning curve by working with a coach. Aside from its one-on-one learning program, you will also find that the trading signals which you can use to make a trading decision.
High Quality Support
Of course, all this quality support comes at a price, and you really can’t expect that kind of support if you only fund your account with only the minimum deposit of $100. If you want extensive support as you are trading the financial markets, talk with an iForex representative and ask how you may qualify. We think we need to have at least $2,500 in your account, but that’s just a guess.
When you are ready, you can trade the on their platform online, through your smartphone, or on your laptop through a software that you download. It really does not matter what platform you use, however, it matters that you do everything you can to create a trading strategy that works most of the time, like 80% of the time.