I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
iFOREX

iFOREX Mobile App | Easy to Use!!

Founded in 1997, iFOREX is a pioneer of online forex broker, and is a very popular broker due to the abundance of products handled and low fees.

iFOREX does not offer MetaTrader (MT4 / MT5) as a trading tool and offers its own trading platform.

The mobile app is very easy to use, and even I who is used to MT4 and MT5, can use it without any problems.

The biggest difference from MetaTrader is that mobile app offers payment functions such as deposit and withdraw.

In this article, I explain in an easy-to-understand manner with images, from installing the mobile app to trading.

If you didn’t open iFOREX account yet, please refer to another post that shows you how to open an account and open it now!

\Just 3 minutes!!/
Open an Account

iFOREX | Forex Broker ReviewIs iFOREX a good broker? Are they scam or safe? Review from trader's point of view who really use iFOREX. Ultimately you can decide iFOREX is suitable for you or not!...
iFOREX | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...

iFOREX Doesn’t Allow MT4/MT5

Forex brokers, most of them allow MetaTrader (MT4 / MT5) to use, but iFOREX does not.

iFOREX provides their own trading tools.

There are two types of trading tools provided by iFOREX, PC (web) version and the mobile app.

iFOREX Trading Tool Web Edition

When you log in from the iFOREX top page, the trading tool will open automatically.

Like other forex brokers, there is a member page where you can change personal information, deposit and withdraw, and trading tool is also offered on it.

When you log in, the quote board for each product is displayed first.

iforex web trading tool

You can open Chart Station by “Tools” -> “Chart Station”.

iforex web trading tool chart station

Up to 4 charts can be displayed side by side.
You can also enlarge one chart.

iforex web trading tool (chart widen)

The chart is enlarged.

Here you can also add objects such as horizontal lines and display indicators. It seems like MT4 / MT5.

You can place new orders in the area on the left where the currency pair is displayed.
You can also place market orders, set stop losses, and also do IFD orders.

These are basic functions, so it is not so different from MT4 and MT5.

Is iFOREX Web Trading Tool Difficult to Use?

Those who usually use MT4 / MT5 may find it a little difficult to use.

I’m not good at web edition either.

When it comes to displaying charts, customizing indicators, and ordering, I think that once you get used to it, there will be no problem.

What I’m not good at is that sometimes I accidentally close the browser.

I’ve missed several opportunities by closing my browser in the middle of an order or payment….That’s why I don’t usually use web edition.

iFOREX Mobile App is Quite Good to Use

On the other hand, iFOREX mobile app is very easy to use.

It has basic functions such as chart display, and its operability is not so different from MT4 / MT5.

The biggest difference from MT4 / MT5 is that you can deposit and withdraw from the smartphone app.
It is easier to use than the operation on the Web.

I will explain about that as well.

How to Install iFOREX Mobile App

Here, I will explain with the iOS edition of iFOREX mobile app.
Android version is almost the same.

Download iFOREX App from App Store

Search iFOREX app on App Store, then download it.

search iforex app on app store
download iforex app

Login

Lon in to mobile app with using your username and password.

log in to iforex app

Main Screen

When you log in, the main screen opens.

Products registered as favorites (virtual currency, CFD, etc.) are displayed on the main screen.

iforex app main screen

Menu

Click the menu on the upper left to open the menu screen.
You can switch to the transaction screen, deposit and withdraw, and change your password.

iforex app menu

Other functions such as economic calendar and video lessons.
It’s quite full functionality.

Official Site

Deposit

It is very convenient to be able to deposit with the mobile app.
I will explain what you can do.

Open the menu and click “Deposit Funds” at the bottom.

Select Your Location (Country)

First, select (confirm) your country of residence.
I think it is automatically initially displayed.

Select Deposit Method

In the slide menu, you can select:

  • Credit/Debit Card
  • E-Wallets
  • Bank/Wire Transfer

The credit cards and E-Wallet services that can be used vary depending on the country of residence.

Credit/Debit Card

You can add card information, then deposit.

deposit on iforex app (credit and debit card)
deposit on iforex app (credit card information)

E-Wallet

I can select Neteller, Skrill and Bitcoin here in Thailand.

deposit on iforex app (e-wallet)

Neteller

As an example, in the case of Neteller, the screen is as follows.

Input the deposit amount and then follow the instructions on the screen.

deposit on iforex app (Neteller)
deposit on iforex app (Neteller)

Bitcoin

For Bitcoin, input deposit amount and currency then click “Continue”, Bitcoin address will be shown. Scan QR code and send bitcoin from your wallet.

deposit on iforex app (bitcoin)
deposit on iforex app (bitcoin address)

Bank/Wire Transfer

You can choose remittance to international bank or online transfer to local bank. But it depends on your location.

iFOREX strives to accommodate local banks in each country. If you can choose a local bank in your country, you don’t have to choose an international bank with a high fee.

deposit on iforex app (bank)

Select “Online banking” (local bank), input deposit amount and click “Continue”.

Then, the local banks that can be selected will be displayed, and you can make a deposit by online banking according to the instructions on the screen.

deposit on iforex app (online bnking)
deposit on iforex app (thai local bank)

Trading

Trading is also very easy because it has all the basic functions.

Personally, I think the design is simple and easier to operate than MT4 / MT5.

On the menu screen, select “Trading” at the top to display the screen for placing an order.

Trading on iforex app

Select Product

You can select currency pairs, products, various CFDs, cryptocurrencies, etc. that you want to trade.

You can also select abundant stocks, which is one of the biggest features of iFOREX.

Trading on iforex app (currency pairs)
Trading on iforex app (cryptocurrencies)

For stocks, you can sort by popularity and select the stock market to handle.

iFOREX handles a large number of stocks, but it is easy to find.

Trading on iforex app (select shares market)
Trading on iforex app (shares)

Place Order

Select a product you want to trade, the order screen will be displayed.

You can also check the chart here.

You can also set stop loss and take profit.

Trading on iforex app (place order)

In “New Limit Order”, you can do IFD order.

Trading on iforex app (new limit order)

If you mark the star to the right of the product name on the order screen, it will be displayed as “Favorites” on the main screen.
Mark the currency pairs that you often trade.

Trading on iforex app (add favorite)

Close Position

To close your open positions, click “Deals” in the menu.

The currently held positions and unrealized profits/ losses are displayed.
Select the position you want to close and do close the position.

Trading on iforex app close position)

Summary

That’s all.

If you always use MT4 / MT5, you may be confused by the screen that you are not familiar with, but I think it is a very simple and easy-to-use app.

iFOREX offers very narrow spreads and a lot of attractive products, so even if it does not offer MetaTrader, it can be said that it is a good broker that is comparable to other brokers.

\Just 3 minutes!!/
Open an Account

Official Site

iFOREX | Forex Broker ReviewIs iFOREX a good broker? Are they scam or safe? Review from trader's point of view who really use iFOREX. Ultimately you can decide iFOREX is suitable for you or not!...
iFOREX | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes!...
ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].