Comments and reviews about forex trading can be found on multiple web resources, and their diversity indicates that forex market is complicated and implies a lot of risk.
Some people believe that real traders' reviews can hardly be found online, as most of the published statements are either libeling the broker's competitors or aiming at raising popularity of certain companies. Sad but true - this really may happen, as some not too scrupulous companies do promote themselves this way.
This section is addressed to the traders who seek completely objective and truthful information about the forex market. Of course, no one can guarantee that each review is realistic and impartial, but we continuously monitor the published content and believe it is useful for both forex novices and professional traders.
Reviews about iFOREX that you will find here are of different kind - some of them are positive, some are emotional or even rampant: our site visitors are free in expressing themselves when discussing various issues related to iFOREX performance. You can disprove somebody else's viewpoint or support it: whether to trade with this company or not, this is what each trader decides for himself. It is impossible to guarantee that any company's operational work will be the same as was described in the clients' comments.
Does the broker really care for the clients' needs? Is their response to the clients' claims efficient? Are trading conditions profitable? Are there any covert issues that peep up only after the contract with the broker has been signed? Reviews about iFOREX help to get the general idea about the broker's performance.
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Trading with iforex has been one of the worst experiences of my life. They are frauds and will cheat you of your money after a couple of trades. Most brokers give a "no deposit bonus" of up to $2000 or they give 30-100% trading bonus for every deposit you make in the account. iforex gives less than 5% trading bonus in spite of promising a higher bonus before opening the account. The worst part, they close your deals when they see a small negative margin of 0 in your account (This made me lose over $25,000 which was in the account) My deposits could have been protected had they honoured the promised bonus which would take care of intraday movements. Clearly fraudulent practices - not at all ethical and competitive in the market. iforex closed my deals twice without a reason and re-instated after contacting them (very distressing especially when they do not answer your calls/emails most of the time) claiming there was a technical glitch. Very clever! All the while the India account manager was unavailable to help. What disgusts me the most is that their phone numbers ring but nobody receives the calls. Even their international numbers do not work. They do not have chat support or staff responding to emails sent to them. In an emergency, you are left in the lurch. My account manager Mr. *** gives his phone number which is out of service but calls you if he pleases to do so after receiving an email. This is dangerous when you have invested your hard-earned money and find the contacts are not responding when there is a problem. Please stay away.
Abhijeet 1 June, 2020 Reply