Find the Right Forex Broker for You

Thinking of entering the world’s largest market? Forex trading gives you the opportunity to take advantage of price fluctuations of popular forex pairs like EUR/USD, USD/JPY and many more, however, before you can even think about opening a deal you first need to find a forex broker that meets your needs as each company and trading platform available offers a considerably different experience for its users. It’s important to do some basic research before choosing your forex broker to make sure it suits your particular needs and empowers you in your trading journey. In this article, we’ll take a closer look at iFOREX, a global brokerage that’s been in the business for over 25 years and evaluate its performance in all the key areas of forex trading.

Education

The first thing to note about iFOREX is its unique focus in building up its users into informed, educated traders with balanced attitudes to financial trading. iFOREX offers personal training sessions with trading coaches in a variety of languages, assisting traders of all experience levels in navigating the waters of the financial markets at their own pace, without missing out on the fundamentals. They also offer a variety of useful guides spanning such topics as opening your first forex deal to getting acquainted with more complex trading strategies. Some customers find it easier to learn through visuals, so users can also find a series of interactive video tutorials on basic topics like opening deals as well as advanced trading analysis. When you’re ready to hit the platform, iFOREX also offers a risk-free demo account that allows you to open deals without risking your capital to ensure you get the hang of the platform as well as the process.

Instruments

In addition to the top global forex pairs, iFOREX also offers a wide range of other financial instruments. For those interested in trading in the share price movements of major global companies, there is a long list of options on the platform, including companies like Lufthansa, Tesla and SIEMANS Gamesa. Commodities like gold, natural gas and oil are always a popular choice and those who follow the prices of cryptocurrencies like Ethereum and Bitcoin will find a wide selection available to trade as CFDs. Trading ETFs as CFDs can be done too, so users will find big ETF names like Germany 40 Fund, Global Cannabis and US Energy available on the platform. And those who watch popular indices like US 30 (tracking the Dow Jones Industrial Average), India 50 (tracking the Nifty 50) and UK 100 (tracking the FTSE 100) will find all their instruments of choice on iFOREX.

Security and Risk Protection

When choosing a forex broker, it’s crucial to ensure your funds are in safe hands. iFOREX is licensed and regulated, which means all its activities are monitored by a regulatory body which acts like a sort of insurance policy between you and the forex broker. Regulated brokers are forced to keep all their clients’ funds separately from their own funds, so that customer money would remain secure no matter what would happen to the brokerage itself. It’s also reassuring to know that iFOREX takes active measures to ensure users don’t expose themselves to excessive risk, with such features as negative balance protection, which makes sure customers never lose more than their original investment. It’s important never to compromise on the security of your personal details, so the broker you finally settle on should be equipped with security comparable to iFOREX’s firewall and SSL (Secure Socket layering) encryption methods.

The Platform

 Your forex broker’s trading platform should be easy to navigate, so it’s a good idea to try a few out and not settle on the first one you come across. Based on customer feedback, iFOREX’s platform works well with most users because it’s straightforward and intuitive. The platform can be downloaded free of charge onto any mobile device or used instantly in desktop format. Many customers enjoy the fact that the iFOREX platform is not overwhelming, yet offers a rich selection of useful trading tools. These include live charts, an Economic Calendar that keeps you appraised of market events, trading signals, deal confirmation, and market analysis. The platform was built from scratch in consultation with seasoned traders to make sure it would be as sleek and user-empowering as possible.

Conclusion

In your search for a reliable forex broker, you may already be familiar with iFOREX, thanks to its winning combination of usability, security and general trader empowerment. If you’re still unsure where to go, do yourself a favour and take the brokers you’re considering for a test drive. Download their apps, sign up for an account, and see for yourself if the platform, education and offerings are up to your standards. And if you have questions, don’t hesitate to get in touch with client support.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.