Introduction
iProMarkets is a forex and CFD broker that offers a wide range of tradable assets across different markets. The company is based in Bulgaria and its website is available in English, Russian and Chinese. The broker provides two account types – Standard and Demo. iProMarkets also offers Islamic Swap-Free accounts. The minimum deposit for a standard account is $250 and the leverage offered is up to 1:500. In this iProMarkets review, we will take a look at the pros and cons of this broker as well as the trader’s ratings.
About iProMarkets
iProMarkets is a forex, CFD and cryptocurrency broker that offers trading on a wide range of assets. The company is headquartered in Cyprus and is regulated by the CySEC.
iProMarkets was founded in 2014 and has since grown to become one of the leading brokers in the industry. The company offers a comprehensive trading platform that includes all the major currency pairs, as well as a wide range of other asset classes.
iProMarkets is a great choice for both beginner and experienced traders. The company offers excellent customer support and a wide range of educational resources to help you get started with trading.
IProMarkets Advantages
When it comes to online trading, there are many different platforms and brokers to choose from. So, what makes iProMarkets stand out from the rest? Here are some of the key advantages that our platform offers:
1. Advanced Technology – We utilize the latest in trading technology in order to provide our clients with a fast, reliable and user-friendly platform.
2. Competitive Pricing – Our prices are very competitive, starting at just $0.01 per share with no commissions or hidden fees.
3. Wide Range of Assets – We offer a wide range of assets including stocks, options, futures, Forex, etc. so you can diversify your portfolio and trade the markets you’re most interested in.
4. Expert Support – Our team of experts are always on hand to answer any questions you may have or provide assistance when needed.
IProMarkets Disadvantages
There are a number of disadvantages associated with trading with iProMarkets. These include:
1) Lack of regulation. iProMarkets is not a regulated broker, which means that there is no third-party oversight of their activities. This could pose a risk to traders, as there is no guarantee that the broker will act in their best interests.
2) Limited account types. iProMarkets only offers two account types – a standard account and an Islamic account. This could be limiting for traders who require more flexibility from their broker.
3) High minimum deposit. The minimum deposit required to open an account with iProMarkets is $500, which may be too high for some traders.
4) No demo account available. A demo account would be useful for new traders who want to test out the platform before committing to live trading. However, iProMarkets does not offer a demo account at this time.
IProMarkets Trading Platforms
The iProMarkets trading platforms are some of the most user-friendly and advanced in the industry. The company offers three different types of platforms: the MetaTrader 4 (MT4) platform, the web-based PROfit platform, and the mobile trading app.
The MT4 platform is one of the most popular forex trading platforms in the world and is available for free to iProMarkets clients. The platform is extremely user-friendly and offers a wide range of features and tools for traders of all levels of experience.
The PROfit platform is a web-based platform that offers all of the same features and functionality as the MT4 platform. The only difference is that it can be accessed from any internet-connected computer, making it perfect for those who want to trade on the go.
Finally, the iProMarkets mobile trading app allows traders to access their accounts and place trades from their smartphones or tablets. The app is available for both Android and iOS devices and offers a convenient way to trade while on the go.
IProMarkets Accounts
iProMarkets offers 3 account types to choose from: Basic, Advanced and Professional. All accounts come with a personal account manager, daily market reports and 24/5 customer support.
The Basic account requires a minimum deposit of $250 and gives you access to all the features of the platform including trading in forex, CFDs and commodities. You also get a leverage of up to 1:200 and spreads from 0.8 pips.
The Advanced account requires a minimum deposit of $1,000 and gives you all the features of the Basic account plus additional features such as an exclusive webinar series, help with choosing a broker and custom market analysis. You also get a leverage of up to 1:400 and spreads from 0.6 pips.
The Professional account is for experienced traders with a minimum deposit of $5,000. It gives you all the features of the Advanced account plus direct access to liquidity providers, advanced market analysis and priority customer support. You also get a leverage of up to 1:500 and spreads from 0.4 pips.
IProMarkets Education
iProMarkets offers a variety of educational resources for traders of all levels. Beginners can learn the basics of trading with the company’s free e-book, while more experienced traders can take advantage of the company’s video tutorials and webinars. iProMarkets also offers a demo account so that traders can practice their skills before risking real money.
IProMarkets Customer Support
iProMarkets customer support is excellent. The company has a live chat feature on their website, as well as a phone number and email address. I contacted customer support via live chat and they were very responsive. They answered all of my questions and were very friendly. Overall, I was very pleased with the customer support I received from iProMarkets.
Conclusion
iProMarkets has a lot to offer traders, especially those who are looking for a broker that provides access to a wide range of markets and products. The company is also very well regulated, which gives traders peace of mind that their money is safe. However, there are some drawbacks to using iProMarkets, such as the high minimum deposit amount and the lack of customer support. Overall, we would say that iProMarkets is a good broker for experienced traders who are looking for access to a wide range of markets.