Introduction
Technology has made it possible for people to trade currencies online with the help of a broker. InteractiveFXTrade.com is one such company that provides this service. It is an online foreign exchange trading platform that enables traders to buy and sell currencies. The company was founded in 2006 and is headquartered in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). In this review, we will take a look at the pros and cons of InteractiveFXTrade.com as well as what other users have said about the company.
What is InteractiveFXTrade.com?
InteractiveFXTrade.com is a website that provides users with information on foreign currency exchange trading. The website offers users a variety of resources, including articles, tutorials, videos, and more. InteractiveFXTrade.com also provides a forum for users to interact with each other and discuss trading strategies.
The Pros of InteractiveFXTrade.com
InteractiveFXTrade.com bills itself as “The Best Online Trading Platform for Beginners.” Here are some of the things that make it great for beginners:
1. User-friendly interface: The platform is designed with simplicity in mind, and it shows. Everything is easy to find and use, from the account management tools to the actual trading interface.
2. Comprehensive educational resources: If you’re new to Forex trading, InteractiveFXTrade.com has you covered with a wide range of educational resources, including articles, tutorials, webinars, and more.
3. Flexible account types: Whether you’re a complete beginner or a more experienced trader, there’s an account type that’s right for you. Choose from a standard account, a mini account, or a VIP account depending on your needs and goals.
4. Competitive spreads: When you trade with InteractiveFXTrade.com, you’ll enjoy some of the most competitive spreads in the industry starting at just 0.8 pips on major currency pairs.
The Cons of InteractiveFXTrade.com
There are a few drawbacks to using InteractiveFXTrade.com that potential customers should be aware of. First and foremost, the website is not available in English, which may be a barrier for some international traders. Additionally, the customer service team is not available 24/7, which could be problematic for those who need assistance outside of normal business hours. Finally, there is no demo account available, so prospective customers will have to open a live account in order to test out the platform and its features.
Trader’s ratings
InteractiveFXTrade.com is a website that claims to offer an online FX trading platform. The website is operated by an entity called IFT Corporation, which is based in the Marshall Islands. The company behind the website appears to be registered in New Zealand. We have found no information about the people who run this company or their qualifications.
The website offers a demo account and a live account. The demo account has a balance of $10,000 virtual money. The live account requires a minimum deposit of $250. InteractiveFXTrade.com offers leverage of up to 1:200 and claims to have no dealing desk or requotes.
The spreads on the website start at 2 pips for major currency pairs such as EUR/USD and go up to 5 pips for less popular pairs such as USD/ZAR. InteractiveFXTrade.com charges a commission of $5 per lot traded (1 lot = 100,000 units).
The trading platform offered by InteractiveFXTrade.com is the MetaTrader 4 platform from MetaQuotes Software Corporation. This is a popular platform that is used by many brokers and is available for free from the MetaQuotes website.
We have not been able to find any independent reviews of InteractiveFXTrade.com online. The only “reviews” we could find were on the company’s own website and were all positive in nature.
The bottom line is that we are not sure if Interactive
Is InteractiveFXTrade.com a Scam or Legit?
InteractiveFXTrade.com is an online broker that offers forex and CFD trading. The company is owned by Innovate Markets LTD, which is a Cyprus-based investment firm. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The broker offers three account types: Standard, Gold, and VIP. The minimum deposit for a Standard account is $250, while the minimum deposit for a Gold account is $5,000. There is no minimum deposit required for a VIP account.
The spreads on InteractiveFXTrade.com start at 3 pips for the EUR/USD pair. The leverage offered by the broker is up to 1:500.
As far as safety goes, InteractiveFXTrade.com is a safe broker to trade with since it is regulated by CySEC. Additionally, your funds are held in segregated accounts at tier-1 banks.
In terms of trading platforms, InteractiveFXTrade.com offers the MetaTrader 4 platform as well as its own web-based platform, WebTrader 4.0. The broker also offers mobile trading apps for Android and iOS devices.
Overall, we would say that InteractiveFXTrade.com is a legit broker that offers a good selection of tradable assets, tight spreads, and high leverage.
Conclusion
InteractiveFXTrade.com is a reliable and user-friendly online trading platform that offers a wide range of features and tools to help you make the most of your trading experience. The pros far outweigh the cons, and traders have rated the platform highly for its customer service, ease of use, and overall functionality. If you’re looking for a new online trading platform, InteractiveFXTrade.com is definitely worth considering.