iFOREX

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	Official Website
Popularity
Leverage	Up to 400:1
Minimum Deposit	$100
Regulation	ASIC, CySEC, VFSC
Payment Methods	Credit/Debit Cards, Bank Transfer, Skrill, Neteller
Trading Assets	Forex, Commodities, Indices, Shares, Cryptocurrencies
MT4	❌
MT5	❌
Spreads	Low
Average cost: EUR/USD	0.3 pips
Demo Account	✅
Islamic Account	✅
MAM	❌
PAMM	❌
Copy Trading	❌
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Not Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	✅
Inactivity Fee	Yes
Year Established	1996
Address	Trade Capital Markets (TCM) Ltd, 4 Promitheos, 1st floor, 1065, Nicosia, Cyprus
Contact Information	Email: support@iforex.com, Phone: +357 22 000 000, Live Chat: Available
Mobile Trading APP
Rating	★★★★☆ 4.4
Website	Official Website

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Pros and Cons

Introduction

iFOREX, established in 1996, is a global online trading platform that has built a reputation for providing a wide range of trading instruments, competitive spreads, and robust customer support.

This review delves into its aspects, offering an in-depth analysis of its offerings, services, and overall performance in the trading industry.

Overview

iFOREX is a well-established broker with over two decades of experience in the financial markets.

It offers a user-friendly trading platform, extensive educational resources, and more than 1000 trading instruments, making it a popular choice among traders of all levels.

Key Features

• Established in 1996.
• Regulated by ASIC, CySEC, and VFSC.
• Minimum deposit of $100.
• Leverage up to 400:1.
• Wide range of trading instruments.
• Comprehensive educational resources.
• 24/5 customer support.

Trading Platforms

iFOREX provides its proprietary trading platform, designed to cater to both novice and experienced traders.

While it does not support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, its platform offers a range of features that ensure a seamless trading experience.

iFOREX Proprietary Platform

Their platform is web-based, requiring no downloads, and is accessible from any device with internet access.

It is equipped with advanced charting tools, technical indicators, and a user-friendly interface.

The platform also supports various order types, ensuring flexibility in executing trades.

Features:

• Advanced charting tools.
• Real-time quotes and news updates.
• Technical indicators.
• Customizable interface.
• Secure and reliable.

Trading Instruments

iFOREX offers a diverse range of trading instruments, providing ample opportunities for traders to diversify their portfolios.

The broker covers various asset classes, including forex, commodities, indices, shares, and cryptocurrencies.

Forex

Forex trading is a major component of its offerings, with over 80 currency pairs available.

Traders can access major, minor, and exotic currency pairs with competitive spreads and leverage up to 400:1.

Commodities

This broker provides access to more than 50 commodities, including precious metals like gold and silver, energy commodities such as oil and natural gas, and agricultural products.

This allows traders to hedge against market volatility and diversify their investment portfolios.

Indices

Traders can also invest in major global indices and the platform offers indices from markets around the world, including the S&P 500, FTSE 100, and Nikkei 225, among others.

Shares

iFOREX offers trading in a wide range of shares from leading global companies.

Traders can speculate on the price movements of shares from various sectors, including technology, healthcare, and finance.

Cryptocurrencies

It also supports trading in popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

This allows traders to take advantage of the volatility and potential high returns associated with digital currencies.

Account Types

iFOREX offers a single standard account type, which simplifies the process for traders.

The standard account provides access to all trading instruments, educational resources, and customer support.

Additionally, it offers an Islamic account option, compliant with Sharia law, and a demo account for practice trading.

Standard Account

• Minimum Deposit: $100
• Leverage: Up to 400:1
• Spread: Competitive
• Trading Instruments: All available instruments
• Customer Support: 24/5

Islamic Account

• Features: Same as the standard account
• Compliant with Sharia law
• No swap or interest charges

Demo Account

• Purpose: Practice trading with virtual funds
• Features: Same as the standard account
• Validity: 30 days

Fees and Spreads

iFOREX offers competitive spreads and a transparent fee structure.

While there are no deposit fees, the broker does charge withdrawal fees and inactivity fees.

The spreads vary depending on the trading instrument, with forex spreads being particularly competitive.

Forex Spreads

Commodity Spreads

Index Spreads

Fees

• Deposit Fees: None
• Withdrawal Fees: Yes (varies by method)
• Inactivity Fees: Yes (charged after 12 months of inactivity)

Payment Methods

iFOREX supports a wide array of payment methods, making it convenient for traders to deposit and withdraw funds.

The broker accepts major credit/debit cards, bank transfers, and popular e-wallets such as Skrill and Neteller.

Available Payment Methods

• Credit/Debit Cards: Visa, MasterCard
• Bank Transfer
• E-wallets: Skrill, Neteller

Customer Support

The company offers robust customer support to assist traders with any issues they may encounter.

The support team is available 24/5 and can be reached via email, phone, or live chat.

The broker also provides an extensive FAQ section on its website, addressing common queries and concerns.

Contact Information

• Email: support@iforex.com
• Phone: +357 22 000 000
• Live Chat: Available on the website

Educational Resources

One of its standout features is its comprehensive educational resources.

This broker provides a range of materials designed to help traders improve their knowledge and skills, regardless of their experience level.

Educational Offerings

• Video Tutorials: Step-by-step guides on various trading topics
• Webinars: Live sessions hosted by market experts
• E-books: Detailed guides on trading strategies and market analysis
• Trading Courses: Structured courses covering fundamental and technical analysis

Security and Regulation

iFOREX places a strong emphasis on security and compliance.

The company is regulated by several reputable authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC).

These regulatory bodies ensure that the company adheres to strict standards of financial integrity and client protection.

Regulatory Bodies

• ASIC: Australian Securities and Investments Commission
• CySEC: Cyprus Securities and Exchange Commission
• VFSC: Vanuatu Financial Services Commission

Security Measures

• SSL Encryption: Protects client data during transmission
• Segregated Accounts: Ensures client funds are kept separate from company funds
• Negative Balance Protection: Prevents clients from losing more than their account balance

User Experience

iFOREX offers a user-friendly trading experience, with a platform that is intuitive and easy to navigate.

Its mobile trading app is also well-designed, allowing traders to manage their accounts and execute trades on the go.

Mobile Trading App

Their mobile app is available for both iOS and Android devices.

It offers all the features of the web-based platform, including real-time quotes, advanced charting tools, and secure account management.

Features of the Mobile App:

• Real-time quotes and news
• Full access to trading instruments
• Advanced charting tools
• Secure account management
• Available for iOS and Android

Conclusion

iFOREX stands out as a reliable and comprehensive trading platform, offering a wide range of instruments, competitive spreads, and extensive educational resources.

While the absence of MT4 and MT5 platforms may be a drawback for some traders, their proprietary platform is robust and user-friendly.

With strong regulatory oversight and a commitment to security, this is a solid choice for both novice and experienced traders.

Summary of iFOREX

• Established: 1996
• Regulated by: ASIC, CySEC, VFSC
• Minimum Deposit: $100
• Leverage: Up to 400:1
• Trading Instruments: Forex, commodities, indices, shares, cryptocurrencies
• Platforms: Proprietary platform (no MT4/MT5)
• Customer Support: 24/5 via email, phone, live chat
• Educational Resources: Extensive, including video tutorials, webinars, e-books, and courses
• Security: SSL encryption, segregated accounts, negative balance protection
• Mobile App: Available for iOS and Android

In conclusion, it offers a well-rounded trading experience with a focus on education and customer support.

Its regulatory credentials and commitment to security make it a trustworthy option for traders looking to navigate the financial markets.

By providing a comprehensive range of services and maintaining high standards of customer care, the company has established itself as a reputable broker in the industry.

Whether you are new to trading or an experienced investor, iFOREX provides the tools and resources needed to succeed in the dynamic world of financial trading

User Reviews

Frequently Asked Questions (FAQ )

Resources

• Official Website
• Google Play
• X (Twitter)
• Trustpilot
• YouTube
• LinkedIn
• Facebook

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	RoboForex
2	xChief
3	Exness
4	XM
5	XTB
6	FBS
7	JustMarkets
8	IQ Option
9	Markets.com
10	IC Markets

Last update:January 7, 2026