We will thoroughly explain the flow of how to open an account and verify your identity at the overseas Forex company iFOREX. iFOREX was founded in 1996 and has accumulated trust and a proven track record as a long-established broker. In this article, we will explain the steps to open an iFOREX account and what to do after opening an account.
iFOREX account opening procedure
We will look at the steps to open an iFOREX account with images. First, click the button below to access the official website. You will need to fill out the account opening form. It takes 1 minute to fill out the account opening form and about 5 minutes to submit your identity documents, so you can easily complete the application and procedures in 10 minutes. You can also do it from your smartphone. Compared to others, this is a recommended broker. Deposits and withdrawals are smooth and there are bonuses. In addition, corporate accounts are available and the platform has a very high reputation. You can log in and enjoy trading on the app.
The language can be changed using the language switch button on the top right. In addition to Japanese, it supports multiple languages such as English, Spanish, French, and Arabic.
Source : https://www.iforex.jpn.com/
You can start by clicking the registration button at the top right of the screen.
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Fill in the account opening form
The first step is to fill out the account opening form. Set your last name, name, email address, and password. You can open an account by entering your country code and phone number. Please enter your email address and phone number using half-width alphanumeric characters. Please note that only one email address per person can be registered with iForex.
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On the next page, enter the security code that is displayed. Make sure that the security code you entered is correct, and read and check the terms of transaction and handling of personal information. Registration will then be completed. Once registration is complete, a password will be automatically generated. This completes the iFOREX account opening procedure.
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Email verification (phone verification)
Once you have completed opening an iFOREX account, an email confirmation will be sent to your registered email address. The email sent to you will contain the information you need to log in (user name (email address), account number, password), so be sure not to lose it. Click the “Login & Transaction” button in the email to complete authentication.
Enter personal information
Next, you will need to enter your personal information. Please be sure to do this, as your account will be restricted and you will be unable to make deposits or transactions until you complete entering your personal information. Once you have completed opening an iFOREX account, please log in and select “Personal Information” on My Page. Then select “Update Information”.
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You will be required to enter detailed personal information.
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- Title: Select gender
- Name: Enter your name
- Last name: enter your last name
- Phone number: Enter your phone number
- Nationality: Enter your nationality
- Address: Enter address
- City: Enter city/ward/town/village
- Postal code: Enter postal code
- State/Province: Enter state/province
Please enter/select your gender, first name, last name, phone number, nationality, address, and postal code. All information must be entered in half-width alphanumeric characters and Romaji, so be careful not to make any mistakes. When all input is complete, click the “Next” button. Please enter additional details.
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- Date of birth: Enter the day, month, and Western calendar in that order.
- My Number: Enter your ID number
- Occupation: Enter your occupation
- Funding source: Enter the funding source
- Annual income: Enter your annual income
- Net worth: enter the asset amount
- Planned investment amount: Enter the planned investment amount
- Questionnaire: Select Yes or No
All information must be entered in half-width alphanumeric characters and Romaji, so be careful not to make any mistakes.
Submit and upload identity verification documents
The next step is to submit and upload identity verification documents. You can start by selecting “Upload Documents” from “Personal Information” in the My Page menu. Two items are required: proof of identity and proof of current address.
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The ID must be a passport, driver’s license, My Number card, residence card, etc., and it must have a photo, be issued by a public institution, be in color, and not have an expiration date. Take a clear photo and upload it.
Proof of current address must be issued within the last 6 months. The file size of all submitted documents must be 10MB or less. File formats include Word, PDF, JPEG, PNG, and GIF. Documents that can be submitted include resident card, credit card company bill, bank statement, mobile phone bill, utility bill statement (water, gas, electricity), etc.
When will identity verification end?
When I actually uploaded it, the check was completed within a day. iFOREX is closed on Saturdays and Sundays, but I think it will be completed within one day on business days. In some cases, you may be asked to resubmit. Submit a clear image. Once this is done, your account will be activated and you will be able to trade.
Frequently asked questions and precautions
Below we will explain the most frequently asked questions and points to note about the above, so please check them out. If you are worried because you do not have any experience or knowledge, please check the terms of use and make an inquiry. If you have a chance, register from the home page first. You can receive your own funds in dollars or euros, so there are many ways to fight. To date, there have been 100% no refusals to withdraw money, so you can hold it with confidence. Even beginners can aim for high profits, so it is a popular and reputable broker that ranks high. You can earn and use many bonuses, and it has a wide range of functions.
How long does identity verification take?
I think your ID will probably be verified within a day. Even if the opening procedure is complete, you will not be able to start trading until at least the next day. Once this is done, you can deposit the amount and trade. Zero cut is adopted and there is no margin call. Prepare a small amount and try it out. There is only one type of account and you can also receive a bonus. It is advantageous because there is a cushion.
Is there an account maintenance fee?
If you do not trade for 12 months or more, you will be charged a quarterly fee of $15. This is the same as with other brokers, and it will be treated as a dormant account. Therefore, when you start using it as a point, do not leave it alone, but contact sales to delete it or trade it. Processing is always available through the official system. Trading costs are also low, so it is recommended and worth considering.
Is there a demo account?
iFOREX offers a demo account. To open a demo account, you must have a real account. After that, you can create a demo account. You can enter lots and place orders in the same way on the platform. Anyone can easily get used to it, and trade safely within the time limit. You can continue the program at any time depending on your purpose.
Can I change my registered email address?
You can change your contact email address in the management screen. This applies not only to email addresses, but also to passwords, addresses, phone numbers, etc. If you want to change your ID email address, please contact customer support as soon as possible. Some rumors say that there may be risks or problems. The change will be applied immediately.
Can I scalp with iFOREX?
Scalping is prohibited at iFOREX. Automated trading (EA) is also prohibited. You will trade using FXnet Viewer, a unique trading tool, so you will not use MT4 or MT5. You can trade with the app by tapping using the tools. There is only an elite account, but it is recommended because you can receive bonuses and choose from them. Deposits and withdrawals are smooth here and there are also bonuses. In addition, corporate accounts are available and the platform has a very high reputation. You can log in and enjoy trading on the app.
What are the deposit and withdrawal methods?
You can deposit by bank transfer, credit card, debit card, or bitwallet. Please note that it will take about one day for 100% of the funds to be reflected in the margin after the initial remittance is made. We also hold the latest promotions (bonuses and limited campaigns), so you can rest assured that they will be automatically granted and used.
Can I change the leverage?
Leverage cannot be changed. Please note that the contents will vary greatly depending on the currency, financial brand, and category you are trading, and the maximum leverage will differ. Introducing the latest version in a list.
| FX currency pairs | 20～400 |
| Commodity CFD | 33～400 |
| Indice | 200 |
| Stock | 20 |
| ETF | 10～40 |
| Crypto | 10 |
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