Frankly speaking, I entertained doubts about iFOREX, as this broker is licensed
by an offshore regulator from the Virgin Islands. Although the initial deposit is
available here, it is worth taking risks. In general, everything is OK. The company
does deliver all deals to the Forex market. I did not notice any slippages or
requotes.
But the broker model is good purely for rare investment transactions, like mine.
It’s a nightmare for an active trader as the spreads are too high; you cannot scalp
here. Moreover, the company’s proprietary platform seemed to be less
convenient than the old faithful Metatrader. I had to get used to it. iFOREX is not
for everybody.

The fact that iFOREX offers free training and support is good for novice traders.
When I started working with it, I did not know anything about trading in financial
markets. The support staff are excellent at their jobs. They helped me to
understand the nuances of intelligent trading. Generally, most brokers are fine in
the beginning. But after you have trained a while using minimum rates, it's better
to force yourself to move up and on to greater challenges and profits.
Trading opportunities are curtailed due to the high spreads. And I don’t like the
scalping restrictions. In general, I changed my broker and now I trade on a
Metatrader platform and am concentrating on mastering bots. None of this is
available on iFOREX.

I started to use the iFOREX platform a couple of months ago. A friend advised
me to leave the Aurora brokerage firm, where I lost $10,000. After such an
experience, I did not want to fall for another scam, so I acted cautiously. It's good
that iFOREX has a small entry threshold, so you can use the platform with
minimal risks. In general, iFOREX is quite good. But there are a few nuanced
disadvantages here. There are high spreads and a lot of companies offer more
loyal terms. So, I am gonna change to a different broker.

The iFOREX broker was my first trading experience. I didn’t lose the deposit and
that’s good, but it didn’t turn out to be a big plus either, as I missed the boat
several times. The profit was a trifle (200 bucks), but I still decided to withdraw it
to the card. I’ll get the money in perhaps a couple of hours. If that happens, then I
will no longer be so concerned and everything will be okay. My advice is if you
don’t want to have any problems with withdrawing profits, I recommend that you
go through the verification honestly. You can find instructions and a list of
documents needed on the website.
After all my misadventures, I would like to abandon active trading and leave it to
professionals, but iFOREX offers neither consulting nor trust management tools.

For me, the iFOREX broker became a real chance to climb out of the debt pit I
got into because of MFO. I decided to try it. Several years ago, I worked with
Alpari as there was PAMM investment and this option was optimal for me as a
novice trader. I thought it would be the same here. It turned out that iFOREX
never thought about it. I had to learn how to trade. Well, at least there is a single
account for trading (replenishment from $100), so the terms for everyone are the
same, regardless of the contribution. If you are ready to put up with high spreads,
a proprietary terminal, and trading restrictions on scalping, please . . . step this
way. But there is no reason to stay here if you have better options.

I started trading with iFOREX in November 2020. I saw an advertisement for this
broker on a social network and decided that this was one more scam. They
promised a lot of goodies. I remained skeptical. However, then I talked to people
on the forum and I was persuaded. It is comfortable to start trading with this
broker. Registration is simple, managers are very attentive. But then it turns out
that everything is not all that it seems. For example, the terminal misbehaves
periodically, and support says the problem is on my side of the connection.
I’d also like the broker to add the ability to trade options and trust management. I
want to get passive income in the future, so I am considering such options.

The only thing that pleased me with this broker was its good payment discipline.
They allow you to withdraw payments without any problems. You don’t have to
listen to the yelps, as in some domestic bucket shops. There are no fees for
depositing or withdrawing funds, but they are charged by payment systems. This
must be taken into account. As for the useful services, there are real quotes,
Advanced Trading Signals, and an economic calendar.
There are some disadvantages, too. There are no opportunities for automatic
trading. Spreads are high, and there are scalping limits. Also, how do you
conduct any scalping when the spread is 1.8 pips or more? The spreads could
rise to 3-4 pips during peak activity!