iForex Taiwan Review

Established in 1996, iFOREX has become a respected player in online trading, serving over 8 million clients worldwide. Operated by Formula Investment House Ltd., and regulated by the British Virgin Islands Financial Services Commission (BVIFSC), iFOREX is committed to transparency, safety, and service excellence, making it an appealing choice for Taiwanese traders.

iFOREX Platform Overview

iFOREX offers a diverse range of tradable assets, including over 940 options across forex, commodities, indices, cryptocurrencies, and CFDs. With a focus on delivering both intuitive technology and valuable educational resources, the platform caters to traders at all levels. For Taiwanese users, this broad asset selection provides an opportunity to diversify portfolios and gain exposure to international markets.

Regulation and Security

iFOREX’s regulation under the BVIFSC ensures compliance with international standards, including client fund segregation and negative balance protection. Although iFOREX is not regulated by Taiwan’s Financial Supervisory Commission (FSC), its global regulatory status provides reassurance for those seeking a trustworthy broker. Taiwanese traders can be confident in the platform’s commitment to maintaining security, integrity, and adherence to best practices.

Available Assets on iFOREX

On iFOREX, Taiwanese users have access to a comprehensive array of assets:

• 83 currency pairs: Trade popular and exotic currency pairs with flexible leverage options.
• Commodities and Metals: Diversify with popular commodities like oil, gold, and silver.
• Cryptocurrencies: Trade major cryptocurrencies like Bitcoin, Ethereum, and Litecoin with CFDs.
• Indices and Stocks: Access global indices and a wide selection of shares from leading companies.

This extensive offering allows users to tailor trading strategies to align with personal goals and market conditions.

Proprietary Trading Platform

The iFOREX platform is web-based, offering advanced trading tools and a mobile app for on-the-go convenience. While not supporting automated or social trading, iFOREX’s platform includes powerful features such as real-time charts, an economic calendar, customizable indicators, and expert trading signals. This versatility appeals to both new and experienced traders in Taiwan.

Educational Resources

iFOREX places a strong emphasis on trader education, featuring a robust Education Center with guides, videos, and articles. Taiwanese beginners and experienced traders alike can benefit from one-on-one training sessions and comprehensive educational packages, including the iFOREX Education Package and the Pro Package. This focus on education empowers traders to develop market knowledge and confidence.

Bonuses and Promotions

iFOREX offers a referral program that rewards up to $200 if a referred trader deposits at least $500. Additionally, there are occasional promotional offers and educational incentives, providing new users with added value as they learn and grow on the platform.

Payment Methods

iFOREX supports several payment options for Taiwanese users, including:

• Credit/Debit cards: Transactions via Visa, Mastercard, and other providers.
• Bank wire transfer: A reliable, though sometimes slower, option for deposits and withdrawals.
• Electronic wallets: Popular e-wallets such as Skrill, Neteller, and PayPal are available, providing instant processing options.

iFOREX does not charge fees for deposits; however, bank wire withdrawals incur a $20 fee, and some third-party charges may apply.

Customer Support

iFOREX’s customer service team is available Monday to Friday from 4:00 to 20:00 GMT, reachable by email, phone, and live chat. The support team is responsive, addressing any issues promptly to provide a seamless experience for Taiwanese clients.

Account Setup and Requirements

The account opening process is straightforward. iFOREX adheres to AML/KYC regulations, requiring a valid ID and recent proof of address for verification. This focus on simplicity ensures that even new traders in Taiwan can get started easily while benefiting from secure account practices.

Conclusion

iFOREX offers a solid trading environment for Taiwanese investors looking to explore global markets. With a diverse asset range, commitment to trader education, and strong security practices, iFOREX provides valuable tools for traders of all experience levels. Although not regulated locally, the broker’s international oversight and reliable transaction methods make it a reputable choice in Taiwan’s trading landscape.