InterForex Forex Broker

InterForex Forex Broker - Complete Information Guide

1. Broker Overview

　　InterForex, founded in 2009, is a prominent online brokerage firm headquartered in Atlantida, Honduras. The company operates as a private entity and primarily serves retail clients and institutional investors, providing access to a wide range of financial instruments. InterForex has established itself as a key player in the forex and CFD trading markets, emphasizing its commitment to offering innovative trading solutions and services.

　　Over the years, InterForex has experienced significant growth, positioning itself as a rapidly expanding online CFD and forex brokerage. The firm operates under the regulatory oversight of the Financial Services Authority of Honduras (FSA), which provides a degree of legitimacy to its operations. However, the regulatory framework in Honduras is not as stringent as that of other jurisdictions, which raises some concerns regarding investor protection.

　　InterForex's business model is primarily focused on providing retail forex trading, CFD trading, and options trading services. The firm caters to a diverse clientele, including individual traders and institutional money managers, and has developed proprietary trading platforms to enhance the trading experience.

2. Regulatory and Compliance Information

　　InterForex is regulated by the Financial Services Authority of Honduras (FSA). While the FSA oversees the operations of InterForex, it is important to note that this regulatory body is not widely regarded in the global trading community. The lack of robust regulatory frameworks raises questions about the level of protection afforded to clients.

　　The regulatory information for InterForex includes:

• Regulatory Body: Financial Services Authority of Honduras (FSA)
• License Number: Not specified in available sources
• Regulatory Scope: Primarily oversees forex and CFD trading operations
• Client Fund Protection: Limited information available; no clear policies on segregated accounts or investor compensation schemes
• KYC and AML Compliance: InterForex implements standard Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, requiring clients to submit identification documents during the account opening process.

　　Given the relatively lax regulatory environment, potential clients are advised to conduct thorough due diligence before engaging with the InterForex broker.

3. Trading Products and Services

　　InterForex offers a diverse array of trading products, catering to various trading preferences and strategies. The broker provides access to over 50 currency pairs, including major, minor, and exotic currencies. Some of the primary currency pairs available for trading include:

• EUR/USD
• GBP/USD
• USD/JPY
• AUD/USD

　　In addition to forex trading, InterForex also offers Contracts for Difference (CFDs) across various asset classes, including:

• Indices: Access to major global indices
• Commodities: Trading in commodities such as oil and precious metals
• Stocks: A selection of global stocks for trading
• Options: Specific options trading through the Omnitrader + platform

　　InterForex's product offerings are regularly updated, although specific details on new products or updates were not readily available. The broker primarily serves retail traders but also caters to institutional clients, providing tailored solutions to meet their trading needs.

4. Trading Platforms and Technology

　　InterForex provides its clients with proprietary trading platforms, notably the InterForex Pro and Omnitrader + platforms. These platforms are designed to facilitate efficient trading and offer various features, including:

• 　　InterForex Pro:

• 　　Multilingual interface

• 　　One-click order execution

• 　　Comprehensive charting and analytical tools

• 　　Live market view and detailed reports

• 　　Support for spot forex and CFDs

• 　　Omnitrader +:

• 　　Specialized for options trading

• 　　Customizable trader interface

• 　　Real-time profit and loss analysis

• 　　Access to specialized information from the dealing desk

　　Unfortunately, InterForex does not support popular third-party trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Additionally, there is no mobile trading application available, which may limit trading flexibility for clients who prefer to trade on the go.

　　The execution model employed by InterForex is primarily market-making, which may not provide the same level of transparency as ECN or STP models. The broker's servers are located in strategic locations to ensure optimal trading conditions, although specific details on the technical infrastructure were not disclosed.

5. Account Types and Trading Conditions

　　InterForex offers several account types to cater to different trading preferences and experience levels. The available accounts include:

• Classic Account: Minimum deposit of $500, primarily for trading currency pairs.
• Professional Account: Requires a minimum deposit of $2,000, suitable for experienced traders.
• Active Trader Account: Designed for high-volume traders, with a minimum deposit of $25,000.
• Premium Account: Requires a minimum deposit of $100,000, offering exclusive trading rates and dedicated support.

　　The trading conditions across these accounts vary, with the Classic Account featuring floating spreads ranging from 1 to 3 pips on major currency pairs. Leverage options differ by account type, with a maximum leverage of 1:200 available for the Premium Account. The minimum trade size starts at 0.1 lots, and overnight fees apply to positions held beyond the specified trading hours.

6. Fund Management

　　InterForex supports various deposit and withdrawal methods, primarily focusing on traditional banking options. The available methods include:

• Deposit Methods:
• Bank wire transfer
• Credit/Debit cards
• E-wallets (e.g., Neteller, PayPal, WebMoney)

　　The minimum deposit requirement varies by account type, with the Classic Account requiring a minimum of $500. Deposits are typically processed within a few business days, although specific processing times were not detailed.

　　Withdrawal methods are generally the same as deposit methods, with a minimum withdrawal amount of $100. Withdrawal processing times can take up to 5 business days, and fees may apply, particularly for wire transfers, which can be as high as $50 depending on the account type.

7. Customer Support and Educational Resources

　　InterForex offers customer support through several channels, including:

• Email: Clients can reach out via a contact form on the website or directly through the provided email address.
• Live Chat: Available for account holders only.
• Social Media: Limited support via platforms like Facebook and Twitter.

　　The support service operates 24/5, covering major trading hours but not available on weekends. InterForex provides multilingual support in English, Spanish, and Russian.

　　In terms of educational resources, InterForex offers a range of materials aimed at enhancing traders' knowledge. These include:

• Online webinars
• Tutorials and guides
• Market analysis and news updates

　　However, the depth and breadth of educational content are limited compared to more established brokers, and additional resources may be necessary for traders seeking comprehensive training.

8. Regional Coverage and Restrictions

　　InterForex primarily serves clients from various countries, including:

• United Kingdom
• South Africa
• Singapore
• Germany
• France
• United Arab Emirates

　　However, the broker does not accept clients from certain regions, including the United States, Canada, and Australia. This restriction is crucial for potential clients to consider, as it limits access for traders from these countries.

　　In summary, while InterForex offers a range of trading products and services, potential clients should carefully assess the regulatory environment and the broker's operational practices before opening an account. The lack of robust regulation and limited client support may pose risks for traders seeking a secure trading experience.