No Commission
iFOREX does not charge any commission for opening positions, though there is a spread between the buying and selling rates, which some may view as an indirect cost. The spread between the buying and selling rates is customary in all dealing rooms and forex trading platforms throughout the world, which is the main contributor to its profit line.
The spread iFOREX offers for spot and forward positions- ranges between 0.02% (2:10,000) and 0.05% (5:10,000) for the Major currencies and higher for some crosses exotics or currency pairs which tend to have lower liquidity.
No Daily Renewal Cost
Unlike other dealing rooms , iFOREX treats spot trading as banking transactions as opposed to gambling per se. The process of rolling-over an existing position is conducted using the spot and interest rates pertaining in the market. Forward points are added to or subtracted from the deal rate, as dictated by the interest rates differences applicable to the currency pair of the deal.
No Margin Calls
iFOREX does not operate Margin Calls. iFOREX has faith in its clients and allow them to use their collaterals in full in favor of their opened positions. Consequently, no deal will be terminated as long as the client has positive free balance in the account.
24 Hours of Trading and Service
iFOREX offices are opened 24 hours a day starting on Sunday night and non stop until Friday night.
Special Limit Orders
iFOREX investors have at their disposal several sophisticated trading tools, including one which allows them to place a Limit Order at a better rate, which in turns cancels other orders once captured. Also, investors may determine a Stop Loss.
It is also possible to gain or risk by setting a pre defined rate with which to open or close a position.
Stop Loss Execution at the Defined Rate - No Slippage
At iFOREX every stop loss order for closing an existing exposure will be executed at the exact rate defined by the investor. Furthermore, the investor maximum exposure is limited to the amount he or she deposited. The investor maximum loss will not exceed the total amount he or she deposited.
Utilizing Future Profit in Order to Open a New Position
At iFOREX the investor is not obliged to set a stop loss rate. The investor has full control over his responsibility and exposure and so he may open new positions based on future profits from existing open position.
Constant up-to-date Account Balance
This allows the client to view his opened positions, collateral and exposure values in real time. This constant up-to-date of the client account at iFOREX's FXnet Trading Platform enables the investor full control of his portfolio of positions and aids its management immensely.
iFOREX does not charge any commission for opening positions, though there is a spread between the buying and selling rates, which some may view as an indirect cost. The spread between the buying and selling rates is customary in all dealing rooms and forex trading platforms throughout the world, which is the main contributor to its profit line.
The spread iFOREX offers for spot and forward positions- ranges between 0.02% (2:10,000) and 0.05% (5:10,000) for the Major currencies and higher for some crosses exotics or currency pairs which tend to have lower liquidity.
No Daily Renewal Cost
Unlike other dealing rooms , iFOREX treats spot trading as banking transactions as opposed to gambling per se. The process of rolling-over an existing position is conducted using the spot and interest rates pertaining in the market. Forward points are added to or subtracted from the deal rate, as dictated by the interest rates differences applicable to the currency pair of the deal.
No Margin Calls
iFOREX does not operate Margin Calls. iFOREX has faith in its clients and allow them to use their collaterals in full in favor of their opened positions. Consequently, no deal will be terminated as long as the client has positive free balance in the account.
24 Hours of Trading and Service
iFOREX offices are opened 24 hours a day starting on Sunday night and non stop until Friday night.
Special Limit Orders
iFOREX investors have at their disposal several sophisticated trading tools, including one which allows them to place a Limit Order at a better rate, which in turns cancels other orders once captured. Also, investors may determine a Stop Loss.
It is also possible to gain or risk by setting a pre defined rate with which to open or close a position.
Stop Loss Execution at the Defined Rate - No Slippage
At iFOREX every stop loss order for closing an existing exposure will be executed at the exact rate defined by the investor. Furthermore, the investor maximum exposure is limited to the amount he or she deposited. The investor maximum loss will not exceed the total amount he or she deposited.
Utilizing Future Profit in Order to Open a New Position
At iFOREX the investor is not obliged to set a stop loss rate. The investor has full control over his responsibility and exposure and so he may open new positions based on future profits from existing open position.
Constant up-to-date Account Balance
This allows the client to view his opened positions, collateral and exposure values in real time. This constant up-to-date of the client account at iFOREX's FXnet Trading Platform enables the investor full control of his portfolio of positions and aids its management immensely.
