Buying and selling currencies, or trading commodities, is a big part of the business of most financial investors. This is why Forex (or FX) brokers offer their services to traders. They do so with the intention of providing traders with an easy way to profit from the market. These companies offer trading platforms and trading software to help their customers learn to trade currencies and commodities. They also offer a demo account to help traders learn how to use the software.
88 currency pairs and commodities
Buying and selling currency pairs on the forex market involves buying one currency for another. You can also invest in a number of commodities. Each currency pair has its own set of characteristics that can drive the direction of the pair.
For example, some of the largest currency pairs in the world are EUR/USD and GBP/USD. These currencies are commonly traded for speculative purposes and account for the bulk of forex trading.
Another important currency pair is the EUR/JPY. This pair is popular with speculators due to its large daily volume. However, it is not a particularly popular currency pair with retail investors.
While the most popular currency pairs are likely to have the best liquidity and the highest volume, you will likely have the most successful trading with the more exotic currency pairs.
iFOREX is one of the largest Fintech firms in the world. It has been operating for over 25 years and has been a leader in technological innovation. The company has offices in the British Virgin Islands and is regulated by the Cyprus Securities and Exchange Commission. iFOREX provides full service to its clients.
The company offers a wide range of services, including mobile trading, e-wallets, and cryptocurrency trading. It is also one of the safest investment products around.
iFOREX offers a free demo trading account. This allows beginners to learn how to trade without risking real money. In addition, the free demo account allows traders to develop trading strategies at their own pace.
iFOREX also offers a free educational platform. This offers information on the latest market analysis and trends, as well as trading strategies.
Choosing the right forex broker for your trading needs can be a difficult task, especially if you are just getting started. Fortunately, there are several reputable companies out there that can help you get on the right track. If you’re looking for a Forex broker that’s got your back, then look no further than iForex. With over 20 years of experience, you can be assured that you’re in good hands. The company offers access to 940 assets, including commodities, currencies, and stocks. Its mobile trading platform is a breeze to use, allowing you to trade on the go. The company’s customer service department is a gold mine of information, and it’s easy to contact a live human if you’re in a pinch.
Regulations and licensing
Getting a Forex license is an important step in the process of running a brokerage company. Forex brokers act as intermediaries between private traders and the interbank market. Hence, it is crucial for a broker to have a license in order to ensure the safety and legal protection of its clients. There are various regulatory bodies around the world that license brokers. Some jurisdictions are known for low incorporation requirements, while others are known for their tax-friendly environment.
The Financial Markets Conduct Act, which came into effect in 2013, requires brokers to obtain a financial license. In addition, brokers must be registered with the Financial Dispute Resolution Service. This will help ensure the safety of clients’ trading capital through ICF.
iFOREX is a leading Forex broker with offices in 159 countries and a total of six million customers. It is a licensed entity by the Cyprus Securities and Exchange Commission and the British Virgin Islands Financial Services Commission. iFOREX offers a wide range of trading tools, including CFDs, Cryptocurrencies, Forex, and more. iFOREX provides excellent customer support and has a strong belief in client support.
iFOREX’s customer support is available through live chat, email, and telephone. The hours of operation may vary depending on the country. Traders should provide a valid phone number and email address when they are contacting the customer support team.
iFOREX provides support in 15 languages. The company offers technical assistance 24 hours a day.