InterForex Spreads, leverage, minimum deposit Revealed

　　BASIC INFORMATION:

　　InterForex was founded in 2009 and is based in Honduras. InterForex SA is regulated by, and registered with the Financial Services Authority in Honduras. The company stands out for its hefty 1:200 leverage rates and bespoke trading platforms. InterForex is a regulated online trading broker. Users can trade 50+ currency pairs, stocks, indices, and commodities on two exclusive platforms; InterForex Pro and OmniTrader+.

　　REGULATORY INFROMATION: LICENSE

　　No valid regulatory information

　　Please be aware of the risk!

　　MARKETS

　　Users can trade 50+ FX pairs as well as CFD instruments on global stocks, indices, and commodities such as oil and precious metals. Almost 50 options instruments are available to trade through the exclusive InterForex OmniTrader+ platform

　　TRADING FEES

　　The broker takes its cut from floating spreads:

　　Forex – InterForex generally offers fair dealing spreads with 1-3 pips on major currencies such as EUR/USD and GBP/USD, plus 3-15 pips on others

　　CFDs – The broker charges reasonable variable spreads plus overnight charges for any share CFD positions held past 5 PM (EST). Rates vary by product; more details can be found within platform trading windows.

　　LEVERAGE

　　Leverage varies by account type; the Premium account option offers the maximum at 1:200. As this broker is not regulated within the EU, leverage is not subject to ESMAs 1:30 forex and CFD trading cap. But while high leverage rates may increase returns, they can also magnify losses

　　ACCOUNT TYPES

　　InterForex offers many account options all of which require compliance documents ahead of opening (passport/picture ID and a utility bill or bank statement):

　　· Classic – with minimum deposit of $500 with a small number of currency pairs

　　· Professional –with minimum deposit of $2,000, t suited to investors experienced in managing the risks associated with leveraged trading

　　· Active Trader –with minimum deposit of $25,000, designed for traders who perform high volume trades

　　· Premium – with minimum deposit of $100,000, access to exclusive trading rates to meet individual preferences.

　　All accounts share similar features such as minimum contract size, margin requirements, and base currency (USD), however maximum trade size differs by account. Customer support also varies, though the Premium account has a 24/5 dedicated helpline and personal account manager.

　　PAYMENT METHODS

　　Minimum deposits vary by account type. The Classic account offers the lowest deposit of just $500.

　　New accounts require initial funding via bank wire transfer. Existing users can deposit money into their accounts through:

　　· Moneybookers

　　· WebMoney

　　· Credit Card

　　· OKPAY

　　· Neteller

　　· PayPal

　　InterForex charges a bank wire transfer rate, varying by account type, up to a maximum of $50 per transfer.

　　TRADING PLATFORMS

　　· InterForex Pro

　　· OmniTrader+

　　TRADING HOURS

　　InterForex trading hours for all account options are Sunday 5 PM (ET) – Friday 5 PM (ET)

　　CUSTOMER SUPPORT

　　InterForex offers very limited customer support. Live chat isn‘t accessible for non-account holders and there isn’t a telephone contact number.

　　· Mail address – InterForex SA, Primera Planta del edificio Sutrasfco, Ave. La Republica, La Ceiba, Atlantida, Honduras

　　· Email – Complete an online form to submit a message or contact info@interforex.net

　　ACCEPTED COUNTRIES

　　InterForex accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

　　Traders cannot use InterForex from United States, Canada, Australia.