I had a really bad experience with this broker. They lie and dupe people off their money. Also I realized that there are lot of bugs on its platform. They charge high spread and give no bonus to ignorant new traders/investors. And as the new-bee gains more knowledge he realizes that he is paying too high a spread and also getting no bonus amount. You can open an account with any forex trader and spend time learning more about forex market rather than banging your head with iforex.com.
Some of my observations-
-When you are making huge profits you wont be able to close your deals.
-iforex.com can control the platform from their side
-Your password is provided by iforex.com which you can not change
-iforex.com have different addresses in the tutorial they sent via mail is ans the one mentioned on their website
-iforex.com asks you to send scanned copy of both sides of your credit card(most dangerous thing). No one asks both side of credit card.
-iforex.com advertise 2 pips and show 3 pips on the demo, but once you open the trade account and deposit your money with them, they change the spread to 5 pip( this is most irritating)
-Even when someone calls from Greece( as they say it), its always the same person talking in local Mumbai accent.( I doubt that they call from mumbai itself and claim it as Greece)
-The Guy who called from Greece(as he told he did) told me that he gets a commission from my deposits. So he told me to tell iforex guys that he persuaded me to add more deposit( ridiculous and fishy)
-iforex.com refuse to give their local address in Mumbai (why would someone do so--obviously to save them from their mal-trade-practices otherwise invester traders would bombard their centre)
-There is no regulatory body for Iforex.com
- there are lots of bugs on its platform( I have myself reported a few to them)
REVIEWS & RATINGS




Nee, India
November 3, 20095 months Total
3 months with this Broker
I had a really bad experience with this broker. They lie and dupe people off their money. Also I realized that there are lot of bugs on its platform. They charge high spread and give no bonus to ignorant new traders/investors. And as the new-bee gains more knowledge he realizes that he is paying too high a spread and also getting no bonus amount. You can open an account with any forex trader and spend time learning more about forex market rather than banging your head with iforex.com.
Some of my observations-
-When you are making huge profits you wont be able to close your deals.
-iforex.com can control the platform from their side
-Your password is provided by iforex.com which you can not change
-iforex.com have different addresses in the tutorial they sent via mail is ans the one mentioned on their website
-iforex.com asks you to send scanned copy of both sides of your credit card(most dangerous thing). No one asks both side of credit card.
-iforex.com advertise 2 pips and show 3 pips on the demo, but once you open the trade account and deposit your money with them, they change the spread to 5 pip( this is most irritating)
-Even when someone calls from Greece( as they say it), its always the same person talking in local Mumbai accent.( I doubt that they call from mumbai itself and claim it as Greece)
-The Guy who called from Greece(as he told he did) told me that he gets a commission from my deposits. So he told me to tell iforex guys that he persuaded me to add more deposit( ridiculous and fishy)
-iforex.com refuse to give their local address in Mumbai (why would someone do so--obviously to save them from their mal-trade-practices otherwise invester traders would bombard their centre)
-There is no regulatory body for Iforex.com
- there are lots of bugs on its platform( I have myself reported a few to them)