Forex Trading: What is iFOREX and How Does it Work?

Whether you are in your office or on-the-go, it’s important to have a trustworthy broker who will provide you with state-of-the-art serv...

Whether you are in your office or on-the-go, it’s important to have a trustworthy broker who will provide you with state-of-the-art services, using multiple platforms. There are a plethora of forex brokers that have excellent downloadable platforms but very few that can provide you with a mobile platform that allows you to easily track your positions and generate transactions while you are away from your office.

The iFOREX mobile platform is a one-of-a-kind state-of-the-art trading and position management platform that provides you with easy access to your trades and allows you to move money and manage your risk all with a few easy clicks.

The iFOREX mobile platform boasts many key features which include the ability to trade more than 370 stocks, indices, currency pairs, and commodities. You can transact trades on the mobile platform and then monitor your positions in real-time. The iFOREX mobile platform provides access to the funds in your wallet along with electronics, balance sheets, equity, and margin details. Mobile trading provides execution gestures such as the new Swipe-to-Close. You will also be able to customize your layout for easy usage.

To access the mobile platform via your mobile device or its alternatives, you can download our exclusive app using the App Store for iPhone, iPad, and iPod touch or Google Play Store for Android smartphone and tablet devices.

Making Trades on iFOREX

Making a trade on the iFOREX mobile platform is seamless and all you need to do is touch the buy or sell buttons of the currency pair you are interested in trading. Each transaction will show you the current level in which you can execute your trade. The platform has the capability to easily scroll down to other tradable currency pairs. You can tap on the currency pair to view additional details on your potential trade. You also need to know about the best time to trade forex as different countries operate in different time zones.

Your positions will be viewable under open positions. A quick swipe will review a ‘close’ button that will allow you to exit your trade. You can easily edit your trade by clicking it once.

You can access your funds through the mobile wallet. The application allows you to deposit money by simply tapping the deposit button, using many alternatives to fund your account. You will be asked to fill in the amount you would like to deposit as well as your credit card details. Your wallet will provide you with information on your total equity in your account. Information such as your balance and your unrealized profit and losses are readily available. Your current outstanding margin, as well as your total available margin, are posted in your wallet. Your net exposure and margin utilization are available on your wallet screen as well.

The iFOREX mobile platform allows you to customize your tradable instruments, allowing you to have lightning-fast access to the currency pairs you trade the most, in your present currency screen. If you want to contact iFOREX by phone or email, you can find the contact information in just two easy clicks.

It will take no time for you to set up your mobile platform to trade when you are on-the-go via internet access. The mobile platform can also act as a second screen when you are evaluating news or charts and need a second or third option to view your positions or transact your trades. An iFOREX mobile platform is a key tool for the active trader.