Is iFOREX trustworthy?

Is iFOREX trustworthy?

iFOREX Review and Tutorial 2021. iFOREX is a reputable CFD and forex broker offering a range of tradeable assets and tools through its proprietary web platform and mobile app.

Is iFOREX legal in India?

Forex Trading Illegal In India In India, however, forex trading platforms are banned. While you cannot directly trade in the foreign exchange market, you can still trade in currencies through the stock exchange. Under the Foreign Exchange Management Act (FEMA), binary trading is not allowed.

What is iFOREX trading?

iFOREX allows you to trade via a tailor-made trading platform. This versatile platform operates smoothly and securely on any standard computer – no download required. Hundreds of tradable instruments. The iFOREX platform offers hundreds of tradable CFDs from multiple regions and industries.

Is 70Trades fake?

Q: Is 70Trades fake or a scam? A: No, 70Trades is a licensed brokerage. The website is owned by Securcap Securities Limited, Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles, authorized by the Seychelles Financial Services Authority with License No. SD012.

Can I trust OctaFX?

OctaFX is considered high-risk, with an overall Trust Score of 61 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.

Is online trading illegal in India?

By virtue of RBIs circular issued in 2013, forex trading through electronic or internet trading portals has been prohibited. However, forex trading is held legal when one does it through specified foreign exchange trading platforms and the base currency is INR (Indian Rupees).

Is trading illegal in India?

Yes, forex trading is legal in India. However, currency trading is subject to strict regulatory restrictions in India. Traders are only allowed to trade through exchange-regulated brokers in India.

How do I withdraw money from Iforex?

To withdraw your funds:

  1. Login to your account.
  2. Click on ‘Withdrawal’ in the ‘My Account’ tab of the upper Menu bar.
  3. Fill-in the Withdrawal Request fields, and click on ‘Continue’.
  4. The details of your Withdrawal Request will appear on a form.

How good is 70Trades?

70Trades is a quick, easy-to-work-with, and intuitive trading platform. It has many strengths, allowing users access to a broad selection of tools to assist with making trades. The platform is criminally underrated and has a lot to offer any potential user, making it a good pick for just about any trader.

Is 70 trades legal in India?

Forex Trading with 70 Traders India Is Not Illegal It is believed that this activity is illegal in the country, which immediately makes traders think that Indian brokers can only be scams. There are four currency pairs with which it is allowed to legally trade in India: USD-INR, GBP-INR, JPY-INR, and EUR-INR.

What do you need to know about iforex trading?

iFOREX Review iFOREX is a multinational group of online trading companies founded in 1996. With their innovative and user-friendly web and mobile platforms, they offer forex and CFDs in commodities, shares, indices, ETFs, and cryptocurrency. Table of Contents show

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Who are the subsidiaries of the iforex group?

The iFOREX Group has many subsidiaries that operate in different jurisdictions, and they include Formula Investment House Ltd., Black Pearl Securities Limited, eBrókerház Befektetési Szolgáltató Zrt, and the iFOREX Group’s European Subsidiary. Formula Investment House Ltd is an investment firm registered in the British Virgin Islands.

What kind of license does iforex broker have?

This broker has several licenses at once: from CySEC, FSC (BVI) and the National Bank of Hungary. Enough coverage of the territory. For example, they work with clients even from the USA (only without leverage). Everything is very high. The trading conditions were originally created specifically for professionals.