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Trading Forex with IForex: The Internet arm of FFix

FFix, the Forex trading company, was set up by a group of erstwhile bankers in 1996, and runs dealing rooms all over the world. FFix has an Internet branch called iForex which was added in 2004. iForex has a two-pronged approach offering both downloadable and web-based versions.

Forex trading made simple in two platforms


The downloadable option can be used in the Demo mode as well as to conduct trades in real time, while the other web-based one doesn’t have the demo feature. It is available in a slew of languages – European, Middle- and Far-Eastern. The downloadable version now comes only in two language options – English and Hebrew. Both versions are user-friendly. Registration is simple, and a minimum deposit of $100 is required. Withdrawal is easy too, and safeguards against money laundering are set. The downloadable Forex platform allows users to conduct several simultaneous deals.

Getting started at FFix


When you register, an FFix representative will take you through the process of how to start trading, over the telephone. You could also have an online chat with a representative, and in some localities, you could have the representative visit you in person.

Forex Trading: A three step process


Deals can be conducted in three simple steps – choose the currency pairs, set a limit of $5000 upwards, and opt to either buy or sell the base currency. Voila! You are all set to carry out a Forex deal. What’s more you can also choose to set stop losses or take profit boundaries. All activity is tracked, including logins and funds on deposit. The web-based platform has the added facility of offering a summary of open trades.

iForex provides some analytical tools to help you carry out smart trades. On the flip side, it offers no training in the basics of Forex trading, so a basic understanding of the process and terminology is a pre-requisite for successful use of this facility.

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