iFOREX Company Overview

Founding Date and Background

iFOREX, a prominent player in the online trading industry, was founded in 1996 by a group of bankers and forex dealers. Initially established as a forex trading firm, the company expanded its services over the years to include a variety of financial instruments, ultimately leading to its recognition as a leading provider of Contracts for Difference (CFDs).

Parent Company/Owership Structure

iFOREX operates under the umbrella of the iFOREX Group, which encompasses various subsidiaries and brands. This structure allows the company to maintain a diverse range of services while adhering to different regulatory requirements across regions.

Headquarters Location

The company's headquarters is located in Romasco Place, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands. This strategic location provides iFOREX with access to international markets and regulatory environments.

Global Business Scope

iFOREX has established a significant global presence, serving clients in over 159 countries. The company offers trading services in multiple languages, catering to a diverse clientele. With a focus on both retail and institutional investors, iFOREX has positioned itself as a versatile trading platform.

Main Regulatory Bodies

iFOREX is regulated by several key bodies, including:

• The Financial Services Commission of the British Virgin Islands
• The Cyprus Securities and Exchange Commission (CySEC)
• The National Bank of Hungary

These regulatory affiliations ensure that iFOREX adheres to stringent financial standards and practices, providing clients with a level of security and trust.

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Company History and Development

Key Milestones

iFOREX has achieved several key milestones since its inception:

• 1996: iFOREX was established, focusing primarily on forex trading.
• 2004: The company launched its online trading platform, allowing for broader access to its services.
• 2011: iFOREX received its CySEC license, enhancing its regulatory credibility.
• 2023: The company announced plans for an initial public offering (IPO), signaling its growth and ambition.

Business Expansion Journey

Over the years, iFOREX has expanded its offerings beyond forex trading to include CFDs on various assets, stocks, commodities, and cryptocurrencies. This diversification has been a crucial part of its strategy to attract a wider range of clients and adapt to changing market conditions.

Customer Base Growth

iFOREX has grown its customer base significantly, servicing over 59,769 clients globally. The company has witnessed continuous growth in trading volumes and client registrations, reflecting its increasing popularity in the trading community.

Platform Development History

The iFOREX trading platform has undergone several enhancements since its launch. The platform is designed to be user-friendly and intuitive, catering to both novice and experienced traders. Recent innovations include the introduction of mobile trading applications and AI trading assistants, further improving the user experience.

Important Awards or Recognitions Received

iFOREX has received various accolades over the years, including high ratings from independent review platforms. The company has consistently maintained an overall score of around 4.3 to 4.4 out of 5, demonstrating its commitment to quality service and customer satisfaction.

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Trading Services Offered

Forex Trading Options

iFOREX offers a comprehensive range of forex trading options, providing access to over 60 currency pairs. This includes major, minor, and exotic pairs, allowing traders to diversify their portfolios and capitalize on various market movements.

Stock Trading Options

The company also facilitates stock trading, allowing clients to trade CFDs on shares from various global markets. This feature enables traders to engage with well-known companies and leverage market fluctuations.

CFD Trading Products

iFOREX specializes in CFD trading, offering a variety of assets including indices, commodities, and cryptocurrencies. With over 750 CFD assets available, traders can take advantage of price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and stock trading, iFOREX provides access to other financial instruments such as:

• Cryptocurrencies: iFOREX offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
• Commodities: Traders can engage with commodities like gold, oil, and agricultural products, benefiting from price changes in these essential markets.

Special Services or Unique Advantages

iFOREX distinguishes itself through several unique advantages:

• Leverage Options: Clients can trade with leverage of up to 30:1, allowing for greater exposure to market movements.
• Educational Resources: The company provides extensive educational materials, including video tutorials, articles, and one-on-one training sessions to enhance trading skills.
• Personalized Support: iFOREX offers dedicated customer support in multiple languages, ensuring that clients receive assistance tailored to their needs.

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Regulatory and Legal Background

Detailed Regulatory Information

iFOREX is regulated by multiple authorities, ensuring compliance with international financial standards. Key regulatory bodies include:

• Financial Services Commission (BVI)
• Cyprus Securities and Exchange Commission (CySEC)
• National Bank of Hungary

Legal Entity Structure by Region

The legal structure of iFOREX varies by region, with specific entities established to comply with local regulations. This includes:

• iFOREX Europe (regulated by CySEC)
• iFOREX BVI (regulated by the BVI Financial Services Commission)

Client Fund Protection Measures

iFOREX implements various measures to protect client funds, including:

• Negative Balance Protection: Ensures that clients cannot lose more than their initial investment.
• Segregated Accounts: Client funds are held in separate accounts, safeguarding them from company insolvency.

Countries/Regions Served

iFOREX operates in over 159 countries, providing trading services to a global clientele. However, it is important to note that certain restrictions apply, particularly in jurisdictions with stringent regulations on forex and CFD trading.

Compliance History

iFOREX has maintained a strong compliance record, adhering to the regulations set forth by its governing bodies. The company has implemented policies and practices to ensure transparency and accountability in its operations.

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Competitive Landscape

3-5 Main Competitors

iFOREX faces competition from several established brokers in the online trading space, including:

1. Plus500: Known for its user-friendly platform and extensive market offerings.
2. Xtrade: Offers innovative trading solutions and a wide range of financial instruments.
3. FXCM: A well-known broker with a strong presence in the forex market, offering diverse trading platforms.

Positioning in the Industry

iFOREX positions itself as a comprehensive trading platform that caters to both novice and experienced traders. Its focus on education, customer support, and a diverse range of trading instruments helps it stand out in a competitive market.

Market Differentiation Factors

iFOREX differentiates itself through:

• Extensive Educational Resources: Providing clients with tools to enhance their trading skills and knowledge.
• Innovative Technology: Continuous platform improvements and the introduction of AI-driven tools to assist traders.
• Regulatory Compliance: Strong adherence to regulatory standards, ensuring client trust and safety.

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In conclusion, iFOREX has established itself as a leading online trading platform with a strong global presence and a commitment to providing quality services to its clients. With a robust regulatory framework, a diverse range of trading instruments, and a focus on education, iFOREX continues to attract traders from around the world. For more information on iFOREX and its services, learn more.