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According to the information posted on the broker's official website, InterForex is one of the fastest growing online CFD and foreign exchange brokerage firms offering commission-free Spot FX, CFDs and Forex Options trading with the lowest margin requirements.
The broker also states: “Interforex takes an innovative approach to online trading, providing tools and services for over-the-counter financial markets ranging from foreign exchange and precious metals to commodity and equity derivatives.”
Among the strong points, the broker emphasizes “level prices, instant order fills, spike protection, and a complete set of trading, analytical, and risk management tools with real-time profit and equity tracking capabilities provide customers with complete control of their trading risks and profits.” However, we did not find any confirmation of these statements due to the lack of reviews about the broker. In addition, the company's website requires updating when it comes to the news feed. The latest news dates back to 2017.
Trading conditions
InterForex offers its clients to trade more than 50 currency pairs, options, CFDs on currencies, world stocks and indexes, oil, and precious metals. The broker provides clients with various trading accounts with leverage, designed for traders of different levels of experience and trading style. Owners of all accounts types have access to competitive spreads backed by the liquidity of the main participants in the interbank forex market. There are 4 types of accounts available to clients: Classic, Professional, Active, and Premium. To open an account, traders should submit an application for account registration. Customers also have an opportunity to try their hand at a demo account.
Trading platforms
The broker provides traders with its own InterForex Pro trading platform. This software has a multi-language interface and one-click order execution. It allows traders to conduct technical research and improve charts, and it does not require the download of additional applications.
Support service
Clients can reach out the support service only via email or fill out a contact form.
Deposit and withdrawal
The company offers only one method for topping up a trading account – wire transfer.
Feedback
There are no reviews of cooperation with the broker on the Web. There are several reputation-killing articles indicating that InterForex is another forex kitchen.
Advantages and disadvantages
Pros:
- regulated broker
- wide choice of trading instruments and accounts
- demo account
- competitive spreads
Cons:
- high minimum deposit
- limited number of available methods to withdraw money
- insufficient number of ways to contact support service
- poorly informative official website
Conclusion
It is difficult to check whether the trading conditions presented on the InterForex website are true. There are no comments about cooperation with the company on the Web, and the InterForex website provides outdated information. It raises a lot of questions. Does this broker still provide financial services? On the Internet, the broker is usually mentioned in rather negative reviews. There is no more information about the company's activity.
