iForex UAE – Forex trading with iForex in Dubai
iForex UAE – iForex is one of the most trusted names in the financial market. It has a dedicated Arabic website for UAE Forex traders. Since 2001, iForex is serving the Forex traders all over the world with Financial trading products. The Forex brokers should comply with the regulators, and iForex complies with several regulators in different countries. iForex presently complies with British Virgin Islands’ Financial Services Commission for its international services. It also complies with Hungarian National Bank for its operations in the Czech Republic, in Slovakia and Hungary.
Why choose iForex for Forex trading in the United Arab Emirates?
iForex has bagged several awards for its outstanding services in the Forex market. The features which make it a unique Forex broker are Negative balance protection, high level of customer support, low spread on all trades, real-time account management, deal execution, and margin analysis.
The negative balance protection is of the critical feature most brokers don’t offer. The negative balance protection prevents you from losing more money than your capital. Occasionally, there are cases of some adverse and severe price fluctuation in the market, which sometimes bring significant losses and causes a negative balance in the account. Although it happens rarely, it is good to have negative balance protection for your trading account.
iForex UAE, Is iForex regulated in UAE?
iForex has no mention of complying to any UAE regulators like DIFC (Dubai International Financial Centre) or DFSA (The Dubai Financial Services Authority) on its website. However, iForex UAE is one of the trusted brokers in the middle east. It has a local telephone number and dedicated Arabic website for GCC clients. It is one of the oldest Forex company with thousands of satisfied traders using its Forex and CFD trading services.
iForex UAE – Can iForex be trusted in UAE?
The answer is yes, iForex can be trusted for Forex trading and CFD. iForex UAE is one of the oldest Forex brokers in service. It has thousands of clients all over the world. Hence, it won’t do any untrustworthy activity to spoil the name earned over decades.
Is Forex trading with iForex UAE profitable?
Well, it depends upon your trading skills to make a profit. iForex provides you the trading features. You will lose money if your market analysis is wrong. You make a profit if your market analysis is correct and the trade is in your favor. iForex earns a commission or fees in terms of spread, which is typically 0.5 pips to 3 pips on the majority of the currency pairs.
Losing money in a trade is normal. The successful traders make a loss in few trades, but recover it with proper money management and risk management.
Greed and improper money management are the two biggest enemies of the Forex trader.
Is iForex legal in UAE?
Yes, iForex is legal in UAE. There are thousands of traders trading with iForex in the UAE. However, the legal aspects vary from time to time due to changes in governments policy. Hence you should consult a financial advisor or legal advisor in this regard.
iForex Review UAE
iForex Dubai, UAE – Pros, and Cons.
- Robust and dependable trading platform. MT4, MT5, and web trader.
- Dedicated website in the Arabic language for the UAE clients and GCC countries.
- Quick deposit and withdrawal processing.
- Bonus deposit available
- Islamic account – Yes.
- Free demo trading account.
- Personalized account manager with Arabic support.
While keeping in mind the reputation, customer service and trading features of iForex, iForex is one of our preferred Forex broker in the UAE.FBS Dubai is one of the trusted brokers for Forex trading in the UAE. They provide Forex CFD, Commodity CFD and Cryptocurrency CFD trading in one single account. You can also Bonus deposit while making a deposit into your account. iForex Dubai has got one of the best in the industry customer service. All the financial transactions with iForex carried out through encryption services such as firewalls and Secure Socket Layering (SSL).