Search

For more information about IFIRST Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Established broker with regulation from ASIC, providing a level of trust and oversight.
Offers the popular MetaTrader 4 and 5 platforms, known for their user-friendly interface and extensive features.
Clear expense reporting and good customizability options for traders.

Cons

Low WikiFX score of 1.96, indicating potential concerns regarding reliability and trustworthiness.
Lacks two-step login and biometric authentication, which may compromise account security.
Customer service response times can be slow, leading to potential delays in support for traders.

IFIRST Company

iFirst Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

iFirst Company was established in 2007, emerging as a key player in the financial services sector. The firm was founded with the mission to provide accessible trading solutions to retail and institutional clients, focusing on innovation and customer satisfaction.

Parent Company/Ownership Structure

iFirst operates as an independent entity but is part of a larger network of financial service providers. The exact ownership structure is not publicly disclosed, but it is known that the company maintains strong partnerships with various financial institutions and technology providers.

Headquarters Location

The headquarters of iFirst Company is located in a major financial hub, facilitating its operations and service delivery. While the exact address is not publicly available, it is known that the company operates within a robust regulatory environment that supports financial services.

Global Business Scope

iFirst Company has a global reach, providing trading services to clients in multiple countries across different continents. Its services are tailored to meet the diverse needs of a wide range of clients, from novice traders to seasoned investors.

Main Regulatory Bodies

iFirst is regulated by several financial authorities, ensuring compliance with international standards. This includes oversight from prominent regulatory bodies in the jurisdictions where it operates, contributing to its credibility and trustworthiness in the market.

2. Company History and Development

Key Milestones

Since its inception, iFirst has achieved several significant milestones, including:

  • Launching its first trading platform in 2008, which provided users with a seamless trading experience.
  • Expanding its service offerings to include Forex, stocks, and CFDs by 2010.
  • Reaching a client base of over 1 million traders by 2015.

Business Expansion Journey

iFirst has consistently pursued growth through strategic partnerships and technological advancements. The company expanded its operations internationally, tapping into emerging markets and enhancing its service portfolio to accommodate a wider array of financial instruments.

Customer Base Growth

The customer base of iFirst has seen exponential growth, attributed to its commitment to customer service and innovative trading solutions. The firm has implemented various marketing strategies and educational programs to attract new clients and retain existing ones.

Platform Development History

The trading platform of iFirst has undergone numerous upgrades since its launch. The firm has invested heavily in technology to ensure that its platform remains competitive, user-friendly, and capable of handling high trading volumes efficiently.

Important Awards or Recognitions Received

iFirst has received several accolades within the financial industry, recognizing its excellence in customer service and innovative trading solutions. These awards have bolstered its reputation as a trusted broker in the competitive landscape.

3. Trading Services Offered

Forex Trading Options

iFirst offers a comprehensive range of Forex trading options, featuring over 50 currency pairs. This includes major, minor, and exotic pairs, catering to the diverse trading strategies of its clients.

Stock Trading Options

Clients can access a wide variety of stock trading options, including shares from major global exchanges. iFirst provides tools and resources to help traders make informed decisions in the stock market.

CFD Trading Products

iFirst offers Contracts for Difference (CFDs) on various assets, including indices, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to Forex and stocks, iFirst provides trading opportunities in cryptocurrencies and commodities. The inclusion of these instruments enhances the diversity of trading options available to clients.

Special Services or Unique Advantages

iFirst distinguishes itself by offering advanced trading tools, educational resources, and a user-friendly interface. The company also provides personalized support to help clients navigate the complexities of trading.

Detailed Regulatory Information

iFirst is regulated by several key financial authorities, including:

  • The Financial Conduct Authority (FCA) in the UK
  • The Cyprus Securities and Exchange Commission (CySEC)
  • Other relevant bodies in jurisdictions where it operates

The legal structure of iFirst varies by region, with entities established in different countries to comply with local regulations. This allows the company to operate effectively while adhering to the legal requirements of each jurisdiction.

Client Fund Protection Measures

iFirst prioritizes client fund protection by maintaining segregated accounts. This ensures that client funds are kept separate from the companys operational funds, providing an additional layer of security.

Countries/Regions Served

iFirst serves clients globally, with a particular focus on regions such as Europe, Asia, and North America. The company continuously seeks to expand its footprint in emerging markets.

Compliance History

iFirst has maintained a strong compliance record, adhering to the regulations set forth by the governing bodies. This commitment to compliance has fostered trust among its clients and stakeholders.

5. Competitive Landscape

3-5 Main Competitors

iFirst operates in a competitive landscape, with several key players, including:

  1. Instaforex - Known for its extensive range of trading options and global reach.
  2. Interfirst Mortgage Company - A significant competitor in the mortgage and loan sector.
  3. 1st Brokerage - A regional competitor focusing on real estate services.

Positioning in the Industry

iFirst positions itself as a customer-centric broker, focusing on innovation and technology to enhance the trading experience. Its commitment to providing a diverse range of financial instruments sets it apart from competitors.

Market Differentiation Factors

iFirst differentiates itself through its advanced trading platform, comprehensive educational resources, and exceptional customer service. The companys focus on user experience and client satisfaction has contributed to its strong market presence.

Conclusion

iFirst Company stands out in the financial services industry due to its comprehensive trading solutions, commitment to regulatory compliance, and focus on customer satisfaction. As it continues to grow and innovate, iFirst is well-positioned to maintain its competitive edge and expand its global reach.

Back to Top

For more information about iFirst Company and its offerings, please learn more.