“Meet The Experts” spoke to Or Kapelinsky, General Manager at iFOREX Ltd, for an in-depth look into the company’s product offering and innovative efforts as it soldiers forth in a hugely competitive Forex industry.
Mr. Kapelinsky is based out of Cyprus and has been serving iFOREX as a General Manager since 2011. The company offers a multitude of trading tools and options for clients, specializing in a dose of interactive features for both introductory traders and experts alike. Mr. Kapelinsky’s interview can be read in full below:
1. The Forex industry is at the precipice of innovation, what sorts or efforts in this realm has iFOREX pioneered?
iFOREX strives to be known as a market leader and invests enormous effort in its technology, constantly developing innovative ideas and improving its environment to provide its traders with the ultimate trading experience. Over the last year our IT specialist, which consists of a team of 100 programmers, has enhanced our Trading Platform with a variety of new features and also released an updated version of our mobile trading platform for Apple and Android users.
A system built for power traders and novices alike, the iFOREX mobile and desktop trading platforms provide a secure trading environment backed by cutting edge technology. Apart from integrated charts and a unique shared wallet feature, which allows traders to diverse their portfolio between standard spot Forex, CFDs on a variety of products, and an array of binary options, iFOREX has also released its supreme cashback program.
Unlike other brokers that offer high bonuses but require their traders to trade high volume in order to realize the bonuses, the iFOREX program allows its traders to receive weekly cash realization, which allows its traders to receive their money according to partial volume they have executed throughout the week. Under the tagline ‘The More You Trade – The More You Earn’ this technology allows iFOREX traders to extract the most out of their trading.
Looking forward, iFOREX has got a few more tricks up its sleeves and plans to surprise its clients towards the end of the year with an additional assortment of tradable products from a spectrum of major exchanges and further educational packages to accompany its new PIPS interactive course.
2. What are some of the new features iFOREX has added to its platform recently?
Only recently has iFOREX revealed new features, expanding its tradable assets and giving its platform a brand new facelift. The new and improved look gives the platform a sleek appearance putting simplicity at the front of trading. The layout of the platform has been enhanced to categorize all of iFOREX’s tradable products, making it easier to navigate, open and close trades and switch between instruments.
Furthermore, in order to allow traders to diversify their portfolios and branch out from the standard Forex spot trading, iFOREX has boosted its list of tradable products adding a wide variety of new Commodities and Indices. Together with 3 unique platforms, customizable leverage and unbeatable trading conditions, we have developed a simple yet incomparable trading platform built for power traders and novices alike.
3. Can you tell me about iFOREX’s Shared Wallet and what exactly it is?
Unlike our competitors, iFOREX has invested vast amounts of resources to give its clients the capability of trading different products using one Shared Wallet, all from one single trading account. Instead of providing two separate platforms, iFOREX allows its clients to trade spot FOREX, an array of CFDs and Binary Options using the same margin.
Furthermore, the iFOREX trading platform constantly monitors all trades making real-time calculations to prevent any Negative Balance . This means that while you can open a trade on an option using a fixed amount of your margin, you can still withhold open leveraged FX positions and not fear receiving any margin calls. These trading conditions were specifically developed while keeping in mind the iFOREX policy of ‘Full Margin Usage’. The Shared Wallet feature was released throughout 2013 and has allowed us to excel in the services we provide, while staying at the forefront of the industry.
4. What distinguishes iFOREX’s platform from other providers in the industry?
Over the last 18 years the iFOREX group has distinguished itself in three different ways. The first is through its years of experience. The iFOREX group employs over 700 people worldwide, has several branches in key regions and maintains its professionalism by hiring employees from the banking and financial industries. This allows us to provide an unbeatable level of service in over 23 languages.
The second is by developing its own trading platform. Instead of using a standard off-the-shelf platform, which often limits flexibility, iFOREX has developed its brand based on its own software ‘the FXnet’. Incorporating some of the most advanced technological features, the FXnet trading platform caters to every trader and his/her particular set of needs. Backed by a team of technical specialists who constantly monitor and update the system, iFOREX has managed to develop a flexible environment built for a changing market.
The final and most important characteristic at which iFOREX distinguishes itself is through its comprehensive education. iFOREX understands its client’s needs and has therefore invested immense time and effort in creating a unique interactive trading course, ‘Pips,’ to educate its traders and developers . Packed with info about trading for every level, the course is the perfect solution for Novice traders wanting to learn more about the market. The course is hosted within the FXnet trading platform allowing us to combine an educational powerhouse with an elite trading platform.
