Established in 2009, InterForex is an online brokerage firm that offers commission-free spot FX, Forex Options, and CFDs on global shares, indices, currencies, and commodities. The broker provides their diverse clientele — money managers, institutional and retail self-directed traders — with a lightning-fast, secure dealing software that delivers efficient executions in a user-friendly environment. There are multiple trading account options with a minimum deposit requirement of $500.
InterForex Review, Pros & Cons
- Intuitive trading platform
- Educational resources & trading tools
- Multiple financial instruments
- Minimum $500 deposit
- No MetaTrader platforms
- No USA clients
In this detailed InterForex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Operating from Honduras, InterForex is an online trading broker that offers an innovative approach to online trading, providing traders with advanced trading platforms and learning resources for trading over-the-counter financial markets across Forex, precious metals, and equity derivatives. There is a reliable client support team is to assist traders.
InterForex SA is regulated and registered with the Financial Services Authority of Honduras, with the registration number: 2827547.
The services and products offered by InterForex SA are not being offered within Canada, Australia, or the United States and are not being offered to U.S., Australian, and/or Canadian residents or citizens, as defined under applicable law.
Some InterForex features and products mentioned within this InterForex review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with a proprietary trading platform — InterForexPro. The award-winning Forex trading platform allows traders to get the most current market analysis, streaming news, up-to-date economic calendar, technical analysis tools, tradable charts, and much more. Whether you’re an individual trader, independent broker, or established market maker, InterForexPro gives you the capability to trade more effectively and to grow your operation seamlessly. The platform has a vast array of built-in features and functionalities, including the following:
- Dockable Windows Integrated Design Environment Interface
- Multiple Workspaces
- Live Market View
- Take Profit, Stop-Loss, Trailing Stop and Market Orders
- Multilingual Interface Support
- One-Click Order Execution
- Real-time detailed reports
- A broad array of charting and analytical tools and studies
- Built-in standard financial indicators
- Built-in Streaming Market News
- Built-in Calendar of Economic Indicators
- Trade Alerts
The InterForexPro trading platform is available in desktop, web, and mobile versions.
InterForex Trading Tools
There are various standalone trading tools on the broker website to enhance their clients’ trading experience. Some of the trading tools include Technical & Fundamental Analysis Tools, Advanced Charts, and Economic Calendar, which shows the snippets of financial and economic data published by various agencies of the government or private sector on a regularly scheduled basis to help market observers monitor the pulse of the economy.
To ensure traders make knowledgeable trading decisions at all times, the broker makes available a plethora of learning resources on their website. These learning materials include trading guides, a financial glossary, and news that keeps traders up to date with the latest happenings in the financial markets.
The broker offers the following trading instruments: spot FX, Forex Options, and CFDs on global shares, indices, currencies, and commodities.
InterForex Accounts & Fees
The broker offers a choice of four live trading account types. The account types and their corresponding minimum deposit requirements are as follows: Classic ($500), Professional ($2,000), Active Trader ($25,000), and Premium ($100,000) Accounts. A demo account is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this InterForex review. It is imperative to ensure that you check and understand all of the latest information before you open an InterForex broker account for online trading.
InterForex provides traders with a competent client support team who are available 24/7 and can be reached via email or by vising their physical office in Honduras.
InterForex Deposit & Withdrawal
The following payment methods are accepted at InterForex for both account deposit and withdrawal purposes: bank transfers, credit/debit cards, and some online payment gateways.
InterForex Account Opening
It is easy to open a live account with InterForex: simply click on the “Live Account” on the homepage of the broker’s website and fill in the account application form as requested.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
InterForex is a multi-asset broker that allows traders to buy and sell various trading instruments via a proprietary trading platform. Traders are provided with various learning resources, important trading tools, and customer support. There are multiple account types with a minimum deposit starting from $500.
The high degree of leverage that is obtainable in the trading of off-exchange FX transactions can work against you as well as for you. Leverage can lead to large losses as well as gains.