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There’s a fine balance of qualities you should look for when selecting an online trading platform. First and foremost, your brokerage should have a proven track-record of clean, honest business dealings. Beware of brokers that are just starting out, unless you’re very certain they can be trusted. You want to be sure your funds are in responsible hands and that your broker isn’t just trying to make a quick buck off of you.
Number two is the platform. Since this is the interface that will accompany you in your financial trading travels, it needs to be properly equipped. Aside from real-time price data, there are many other technological tools that good platforms offer, aimed at keeping you on the ball in the CFD trading arena. For instance, there are built-in tools to generate chart patterns and technical analysis that can keep you in the loop of the most current price trends in the market.
But, like a good companion, the platform you use should also be easy to relate to. It won’t help to be bombarded by a mass of irrelevant information when you open up your app. You’ll want the most relevant, up-to-date information at your fingertips for just the financial instruments that matter to you. And you’ll want unfettered access to your wallet and balance sheets, whenever you want to check up.
In this article, we aim to help you choose wisely in your search for a broker through offering a review of the iFOREX Europe CFD trading platform. Join us we take a look at some of its features.
The iFOREX Europe Mobile Platform
An advantage of being part of the iFOREX Group is that you’ll benefit from iFOREX’s exclusive, custom-built platform, which was developed in consultation with professional traders. This already puts you a step above the numerous brokerages that make use of weaker, generic platforms. iFOREX Europe’s simplified interface can be customized to fit your preferences, and it works smoothly on an array of mobile devices. You can download it for free from the App Store or from Google Play.
Tools
One of the most useful tools you’ll use on a daily basis is the live rates feature. Keeping your finger on the pulse of price changes in the markets is paramount, because CFDs are deals in the price movements of financial assets, rather than instruments that you actually purchase. Next, you’ll need the economic calendar so you have a schedule of all the events in the financial world that could impact the prices of your instrument. These could include Federal Reserve Bank meetings, the release of inflation data, and unemployment reports.
CFD traders are prolific news readers, but you won’t need to look further than iFOREX Europe’s own financial news stream for the most pertinent news. You can speedily educate yourself, at any time, on the latest in consumer sentiment, stock market mood, and geopolitical events.
Instruments
The number of markets you’re interested in may expand as time goes by, especially as your knowledge base grows. iFOREX Europe makes sure you won’t find yourself restricted in terms of the instruments you’ll have available to you. The platform offers you over 750 financial instruments to trade as CFDs, including currency pairs like USD/CHF and EUR/USD; commodities like silver and oil; cryptocurrencies like Ether and Ripple; and company shares like Ford and Tesla. If you prefer, you could also trade in stock indices like the US 500 or the Germany 40 as CFDs. There’s also the opportunity to engage in the dynamic ETF market and CFD trade in the ETFs that track various kinds of asset baskets.
Educational Support
Wherever you are on the spectrum of CFD trading experience, you’ll need to constantly educate yourself about concepts, terms, and principles in the financial markets. You won’t want a sea of information to wade through, however. Ideally, you will want a library of pointed, focused educational resources on everything from fundamental topics like how to open a CFD deal, to more advanced topics like how to make use of technical analysis in your trading strategy. iFOREX Europe has a great Education Center, complete with video tutorials, PDF guides, and even the opportunity to train one-on-one with a professional trading coach.
The Bottom Line
iFOREX Europe make payment quite a straightforward matter, so you can choose between online and offline alternatives that include credit and debit cards, eWallets, and bank wire.
iFOREX Europe are proud to maintain a human face. You will be able to contact a real, live human being with your inquiries, whether by phone, email, or chat. Many of your questions will be answered, however, by the easy-to-follow information on the platform itself.
iFOREX Europe (formerly known as ‘Vestle’) is the trading name of iCFD Limited, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license # 143/11. The materials contained on this document have been created in cooperation with iFOREX Europe and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 88.98% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please note: Calculations of past performance movements may represent the futures and not the underlying asset. Full disclaimer: https://www.iforex.eu/legal/analysis-disclaimer.html
