|Journal status: |
- Full listing profile: iFOREX broker profile
Is iFOREX safe?
- Investor protection: no
- Regulation: FSC BVI
- Registration: FSC BVI, CySEC Cyprus
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is iFOREX trusted?
- Information transparency: sufficient
- Customer service: ...
- iFOREX website: uninformative, updated
- iFOREX popularity (by visitor count): top visited
How iFOREX works
... the Company acts as a principal to the client’s trades. This means that the client must open and close every trade with the Company and cannot close an open trade with a third party. The Company is therefore the sole execution venue for trades executed by it for the client.
b) Speed of Execution: The Company acts as principal on the client’s behalf. Therefore, the Company is the sole execution venue for the execution of the Client’s orders for the financial instruments offered by the Company.
4.4. In relation to any orders placed with the Company, the Company will effect such a Market Maker (principal). The Client is informed that following execution of any Order, the Company may, at the Company's sole discretion, subsequently hedge each Position with another financial firm (including companies within the group of companies of which the Company is a member), offset each Position with another Position, or retain a proprietary Position with the intention to obtain trading profits from such Positions.
7.1.14. The Client agrees not to use the Trading Platform and/or give an Order or enter into Transaction within the definition of market abuse or in any other abusive way, including lag trading and/or usage of server latency, price manipulation, time manipulation, scalping or any other practices which are illegal and/or are utilized to give the Client an unfair advantage or which the Company considers at its sole discretion as inappropriate and outside the scope of this Agreement and/or as unfair business conduct.
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