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We believe that our clients deserve nothing but the best and provide them with every tool needed to take advantage of the financial market. Find out more about our trading terms and conditions, services and variety of innovative features.
iFOREX offers highly competitive conditions for the following financial instruments (“Financial Instruments” or “Instruments”) (i) leveraged margin trading of financial instruments /underlying assets (“Underlying Assets”) including Currency pair (Forex), Commodity, Index, Share, ETF and Crypto based CFDs (“Leveraged Instruments” or “CFDs”), and (ii) non-leveraged trading products.
Spreads
The Spread is the cost of trading – it is the difference between the Sell (Bid) price and the Buy (Ask) price. For example, if the USD/JPY is trading at a sell price of 101.202 and a buy price of 101.222, the difference between these two prices is called the spread. In this case the spread is 2 pips.
Margin and Leverage
When trading Leveraged Instruments, while the "Margin" acts as collateral to cover any losses that you might incur, it also allows you to hold a position much larger than your actual account value, giving you the possibility to generate large profits relative to the amount invested.
Leverage is a double-edged sword and can dramatically amplify your profits, however it can also just as easily amplify your losses. When you use excessive leverage, losing trades can quickly offset many winning trades. Leveraged trading carries a high degree of risk and may not be suitable for all investors.
As an iFOREX account holder, you’re entitled to our Negative Balance Protection program, which means that you can never lose more than you deposited; nonetheless, a small market movement can result in a substantial loss of funds. Our Trading Platform automatically calculates your margin requirements before executing any order, and checks the level of available funds before any request to withdraw funds is made.
The margin requirements are relevant upon increasing Exposure in the account, either by opening/closing deals or by requesting to withdraw funds while having open positions in the account. The margin requirements reflect the potential risk in positions, based on volatility, liquidity and pricing availability, in any given asset. This is why margins increase during and around trading breaks.
During the European and North American winter, the weekly activity begins on Sunday at 22:05 GMT continuously until Friday, 21:00 GMT. During the Day Light Saving times in these regions, the weekly market activity begins on Sunday at 21:05 GMT and ends on Friday at 20:00. Market activity hours may vary due to public holidays or due to unusual liquidity conditions which may arise from exceptional global events. Opening or Closing times may also be altered by iFOREX due to liquidity and risk management considerations.
Although most of the instruments are traded on a 24 hour basis without interruption, some instruments, however, have special trading hours as seen in the table below:
Not sure which Market includes the instrument you're looking for? Click here to view the full list of instrument per Market.
To ensure that you are aware of all market hours and holidays, please find below a list of events that could change trading hours.
At iFOREX we do our utmost to keep this information up-to-date on a best efforts basis.
Should you wish to receive more information please feel free to contact our dealing desk.
Not sure which Market includes the instrument you're looking for? Click here to view the full list of instrument per Market.
Order Types
MARKET ORDERS | |
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Open Deal | An order to open a position at the current available market rate |
Close Deal | An order to close a position at the current available market rate |
LIMIT ORDERS | |
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Stop Loss | The Stop Loss is an order to open or close a deal at a rate inferior to the current market rate |
Take Profit | The Take Profit is an order to open or close a deal at a rate superior to the current market rate |
Market Orders
Market Orders (trade requests, e.g. Open Deal, Close Deal) are executed at the price that is in effect on the Company’s Trading Platform (client side) at the exact time of execution, provided that such price is within a predetermined tolerance level from the underlying price updated in the Company’s servers, and irrespective as to whether the underlying price is above or below the price updated in the Trading Platform (What You See Is What You Get, or WYSIWYG). In the event that the price updated in the trading platform (client side) exceeds the above tolerance level, for example, due to movements in the underlying assets between the time a client placed an order and the time it is received and executed, high market volatility and communication latency, the Order will be executed at the price updated in the Company’s servers, which shall be different from the price updated in the Trading Platform (Market Price), on a symmetrical basis. In the event of a substantial difference between the price updated in the Trading Platform (client side) and the price updated in the Company’s servers, the Order shall be rejected.
Limit Orders
Limit Orders (future orders) are executed at the market price updated at the Company’s servers which may be different than the price indicated in the Order (“Slippage”). Slippage may occur in the event where the price indicated in the order is not available in the servers, for example, due to high volatility and gaps in the market prices. In such event, the order will be executed at the first available price, irrespective of the direction of the slippage, either to the client’s favor or not, in a symmetrical and transparent manner (Symmetrical Slippage).
Instruments that are not traded on a 24 hours basis (e.g. Shares, Indices and ETFs CFDs), may experience a market gap on a daily basis and are therefore more susceptible to slippage. It is important to note that slippage does not affect the Negative Balance Protection and therefore the Client will never lose more than the amount invested (including any profit, if gained), even if a slippage occurs.
Delays in Execution
A delay in execution may occur for various reasons, such as technical issues with the Client’s internet, mobile or other communication connection to the iFOREX servers, which may result in “hanging orders”. A disturbance in the connection path can sometimes interrupt the signal and disable the platform causing delays in transmission of data between the trader’s platform and the iFOREX server.
Hanging Orders
During periods of heavy trade volume or communication latency, hanging orders may occur, which means that a Limit Order has been placed, but it is simply taking a few moments for it to be confirmed/processed. During periods of heavy trading volumes or communication latency, it is possible that a queue of Limit Orders will form. That increase in incoming orders may sometimes create conditions where there is a delay in confirming/processing certain Limit Orders. In some cases, the position may in fact have been executed and the delay is simply in the client’s side display due to heavy internet traffic.
Keep in mind that it is only necessary to enter any order once. Multiple entries for the same order may slow or lock your computer or inadvertently open unwanted positions.
iFOREX's Negative Balance Protection policy guarantees that the client’s losses are limited to the funds invested in the client’s account. According to this policy, the client shall never have to face a debit balance due to trade losses when trading with iFOREX and client’s potential loss shall be limited to the funds deposited in the Client’s account and to the funds gained by the client, if any.
To implement this policy, iFOREX developed an automated monitoring tool, automatically closing in real-time all positions once a client’s account reaches Margin Level Zero (i.e. "Exposure Coverage" = 0). iFOREX will automatically close all positions at the price then offered by iFOREX. In the event that a client’s balance falls below Margin Level Zero due to the difference between Margin Level Zero and the actual Margin Level below Zero which the system closed all positions at the price then offered by iFOREX, iFOREX shall bear the mentioned difference.
Introduction
These Bonus Terms and Conditions are in regard to the Trading Bonus, including a Welcome bonus, Cashback Bonus and Trial Account Bonus offered by the Company (hereinafter called the ‘Bonus’), as detailed below, and is considered to be an integral part of the Company’s Terms and Conditions. All interpretation of terms included herein, are as interpreted in Company’s Terms and Conditions, which are available in Company’s website www.iforex.com.
Conditions of Eligibility
Bonuses are available to Company clients who satisfy the eligibility criteria of the relevant offer, pass all required registration procedures according to Company requirements as amended from time-to-time at the sole discretion of the Company, and are approved by the Company as eligible clients (the ‘Eligible Clients‘).
The Company offers any Bonus at its absolute discretion, to any Client and/or country/region as it deems appropriate.
The Company reserves the right, at its sole discretion, to decline registration of any user, including Eligible Clients, in the Bonus and/or revoke the offer of any bonus at its absolute discretion.
Residents form restricted jurisdictions, including residents of the U.S.A, are not eligible for the Trading Bonus.
Trading Bonus
Subject to the General Terms hereunder, Trading Bonus is granted to Eligible Clients as a percentage of the amount of funds deposited in their trading account and/or otherwise as the Company may see fit at its sole discretion.
Trading bonus is designated for purposes of margin trading only, thus can only be used as extra margin (i.e. the Client will not be able to withdraw the Bonus granted) and shall not be allowed to be used for the purposes of trading in Non-leverages products.
The Trading Bonus it’s granted per each Eligible Client.
Welcome Bonus - is a trading bonus for 1st time depositors.
Balance | Equity | Margin Available | Trading Bonus |
---|---|---|---|
$1,000 | $1,000 | $1,300 | $300 |
Balance | Equity | Margin Available | Trading Bonus |
---|---|---|---|
$1,000 | $1,000 | $1,300 | $300 |
Balance | Equity | Margin Available | Trading Bonus |
---|---|---|---|
$0 | $0 | $0 | $0 |
Balance | Equity | Margin Available | Trading Bonus |
---|---|---|---|
$200 | $200 | $250 | $50 |
Cash Back
The CashBack program credits Eligible Clients’ account with cash on a weekly basis according and subject to the volume achieved in that week and up to a certain amount as determined in advance by the Company (“Pending Bonus”).
The Pending Bonus amount may derive from a certain or a number of deposits, as a percentage of the value of the deposit, or determined at the Company’s sole discretion.
Balance | Equity | Margin Available | Pending Bonus | Volume Traded | Volume Required |
---|---|---|---|---|---|
$1,000 | $1,000 | $1,000 | $400 | $0 | $20,000,000 |
Balance | Equity | Margin Available | Pending Bonus | Volume Traded | Volume Required |
---|---|---|---|---|---|
$1,100 | $1,100 | $1,100 | $300 | $5,000,000 | $20,000,000 |
Balance | Equity | Margin Available | Pending Bonus | Volume Traded | Volume Required |
---|---|---|---|---|---|
$1,500 | $1,500 | $1,500 | $200 | $10,000,000 | $20,000,000 |
Balance | Equity | Margin Available | Pending Bonus | Volume Traded |
---|---|---|---|---|
$1,000 | $1,000 | $1,000 | $200 | $10,000,000 |
Trial Account
Users may be provided with a trial account that includes a Trading Bonus (as explained above) of US $25 that can be used to trade, subject to the Company’s Trading Conditions.
The Trial Account shall expire and all pending transactions in the Trial Account shall be terminated within 3 days of the day of the first transaction made in the Trial Account (“Trial Period”). Any amount which exceeds US 25$ (“Profit”) may either be used as margin for the user’s trading account with the Company and/or for trading Non-leveraged products, subject to the user’s successful conclusion of the company’s registration process and a minimum deposit of US 100$, or may be withdrawn to a bank account under the user’s name. Please note that (i) withdrawals are subject to the Company’s withdrawal procedures and may further be subject to a transfer fee, and (ii) any Profit not withdrawn, or transferred to the trading account and used as margin for trading purposes and/or for trading Non-leveraged products no later than 14 days from the date of opening the first transaction on the Trial Account shall be revoked.
Bonus is available only to clients registering with the Company’s platform for the first time and having satisfied the eligibility criteria as described above. One Bonus per household\IP Address.
General Terms
Any indication or suspicion, in the Company’s discretion, of any form of illegal, unfair and\or abusive trading methods or conducts (including but not limited to trading activity patterns that indicate an aim to benefit financially from the Trading Bonus without taking market risk and\or by opening, operating or managing more than one account per client) as well as any indication or suspicion of fraud, manipulation or a breach of the Company’s agreements, policies and conditions with respect to the Bonus Scheme will nullify all bonuses previously credited to the account and to any related account. Under such circumstances, the Company shall have the right, in its sole discretion and without derogating from its rights under its agreements with the client and applicable law, to nullify and cancel all transactions carried and/or profits or losses garnered therein and to block all relevant accounts.
Company reserves the right, as is in its sole discretion deems fit to alter, amend, suspend, cancel or terminate any of the above-mentioned Bonus, or any aspect of the above-mentioned offer, at any time.
Used Margin | 2,500 |
Available Margin | 2,495 |
Margin Utilization | +50.05% |
Exposure Coverage | +0.50% |
Where the Company has any indication or suspicion, at the Company’s sole and absolute discretion, of any form of an exploitation, illegal, unfair, unauthorized and/or abusive trading practices, utilized to give the Client an unfair advantage, and/or of fraud, manipulation or breach of the Company’s agreements, policies, terms and conditions, the Company shall have the right, at its sole and absolute discretion, and without derogating from its rights under its agreements with the client and applicable law, to nullify and cancel all transactions carried in relevant accounts, including all profits or losses generated therein, remove any bonuses granted to the client and/or block the account.
Errors in RatesShare / ETF | Market | Dividend Amount | Date and Time (GMT) |
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Share / ETF | Market | Type | Date and Time (GMT) |
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For more information, or any related questions, do not hesitate to contact our Customer Service.