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iFOREX Broker Review 2025

iFOREX Broker Review 2025
Company:iFOREX
Founded:1996
Min Deposit:$100
Max Leverage:400
Headquarter:

Limassol, Cyprus

US Accepted:
Islamic Accounts Pulse (AI Deal-Finder) Mobile Trading No Commissions

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
iFOREX is a Cyprus-based brokerage firm regulated by BVIFSC. The broker supports Skrill and Crypto payments with a minimum deposit requirement of $100. Some of its attractive offerings include a 100% deposit bonus and access to Pulse, an AI Deal-Finder.
Contact
Corner of Agiou Andreou & Venizelou Streets, Vashiotis Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Over 750 tradable instruments
Comprehensive learning materials
Exclusive trading tools like Pulse and Trading Signals
Swap-free accounts
Cons
Tier-3 regulation
Lack of transparency about trading accounts
High entry barrier ($100)
No support for advanced platforms like MetaTrader
score of blog
5 From 5.0
(1)
Rate this post
125

iFOREX offers commission-free trading across 6 asset classes, including Forex, Crypto, and ETFs. The broker pays up to $300 in referral commissions. It’s the official partner of PSV Eindhoven football club.

iFOREX; The Broker's Information and Regulation

iFOREX is a brand name of iFOREX Group, founded in 1996 in Cyprus. The broker operates in 100+ countries.

iFOREX
iFOREX processes 35K+ daily transactions servicing 8M+ users

The company operates through two brands in different jurisdictions with various licenses, including:

  • iFOREX: Regulated by the British Virgin Islands’ Financial Services Commission (BVIFSC) with certificate No. SIBA/L/13/1060
  • iFOREX Europe: Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license No. 143/11

This iFOREX review will explore the offerings and features of the international branch with a BVIFSC license.

iFOREX Broker Table of Specifications

The company offers negative balance protection and clients’ funds segregation. Let’s see if its offerings can compete with other Forex brokers.

Broker

iFOREX

Account Types

Real, Demo, Swap-Free

Regulating Authorities

BVIFSC

Based Currencies

USD

Minimum Deposit

$100

Deposit Methods

Credit/Debit Cards, Apple Pay, Neteller, Skrill, Paysafecard, Crypto, Voucherry

Withdrawal Methods

Credit/Debit Cards, Apple Pay, Neteller, Skrill, Paysafecard, Crypto, Voucherry

Minimum Order

0.01 lots

Maximum Leverage

1:400

Investment Options

None

Trading Platforms & Apps

iFOREX app

Markets

Forex, Commodities, Indices, Shares, Crypto, ETFs

Spread

Variable based on the instrument

Commission

$0

Orders Execution

Market

Margin Call / Stop Out

N/A

Trading Features

Mobile Trading, Trading Signals

Affiliate Program

Yes

Bonus & Promotions

Refer A Friend, Welcome Package

Islamic Account

Yes

PAMM Account

No

Customer Support Ways

Email, Phone, Call back Request, Ticket

Customer Support Hours

Monday-Friday, 04:00-20:00 GMT

iFOREX Trading Accounts

The broker primarily offers a Real account catering to diverse clients’ needs. It also allows for swap-free trading through its Islamic account, and you can practice via a Demo account. iFOREX Real account features:

  • No commissions
  • Maximum Leverage: 400
  • Minimum deposit: $100
  • Minimum Order Size: 0.01 lots
  • Base Currency: USD

Upsides and Downsides

iFOREX has over 25 years of experience and offers free 1-on-1 training with a training coach.

iFOREX Pros & Cons
iFOREX offers a wide range of decision-assisting trading tools like signals and indicators

Let’s weigh the broker’s advantages against its disadvantages.

Pros

Cons

Over 750 tradable instruments

Tier-3 regulation

Comprehensive learning materials

Lack of transparency about trading accounts

Exclusive trading tools like Pulse and Trading Signals

High entry barrier ($100)

Swap-free accounts

No support for advanced platforms like MetaTrader

iFOREX Broker Sign Up and Verification

The company charges no fees for registering, opening, or closing an account. However, to open a live account, you should deposit the minimum amount required by the broker. The iFOREX registration process is explained in detail in the following sections.

#1 Start the Registration

Visit the official iFOREX website and click “Register” or “Open an Account.” This will redirect you to the main registration form, where the process begins.

iFOREX register
The Register button at the top of the iFOREX website

#2 Fill in Your Details

Enter these details:

  • First and last name
  • Email
  • Mobile number
iFOREX registration form
Fill out the iFOREX form according to the tutorial

Create a password, agree to the broker’s terms, and hit “Start Now”. You’ll then confirm your acceptance again by clicking “Accept and Login”.

#3 Access Your Dashboard

Use your registered email and password to log in. Once inside, you'll have full access to your iFOREX trading dashboard, where you can begin exploring trading instruments and platform features.

#4 Verify Your Identity

Provide proof of ID (passport or ID card) and proof of residence (utility bill or bank statement) for KYC verification.

iFOREX App and Trading Platform

The broker has developed its proprietary trading platform equipped with an economic calendar and trading signals for mobile devices and web browsers. iFOREX app download link:

iFOREX Broker Fees Explained

The company charges no commissions for opening and closing positions. The main trading costs are spreads. In this iFOREX review, we’ll explore the spread data for some trading pairs.

Trading Instrument

Minimum Spreads (Pip)

AUD/CAD

3

EUR/GBP

1.6

EUR/USD

1.1

GBP/USD

1.6

Brent Oil

4

Gold

49

WTI Oil

4.2

Bitcoin

101.2

Ethereum

5.57

Other applicable fees include:

  • Overnight financing (swap charges): Applied to open CFD positions held overnight, based on interbank rates plus a markup;
  • Currency conversion fees: Charged when depositing or withdrawing in a currency different from the base account currency;
  • Inactivity fee: A quarterly $15 fee is levied after 12 months of no account activity;
  • No deposit fees or withdrawal fees from iFOREX’s side, but third-party processors may charge commissions.

Deposit & Withdrawal

The broker accepts online and offline deposits made via various methods, including Bank Wire, Credit/Debit Cards, and eWallets.

  • VISA / MasterCard
  • Apple Pay
  • Neteller
  • Skrill
  • Paysafecard
  • Crypto
  • Voucherry

It's important to note that available options can vary depending on your country of residence. Generally, withdrawals are processed back to the original deposit method.

As mentioned in this iFOREX review, available payment methods can differ based on your location. For example, Indian clients can use INR deposits via UPI or NetBanking.

Copy Trading and Investment Opportunities

iFOREX doesn’t offer a dedicated copy trading feature or investment funds. However, it allows users to check market sentiment and other traders’ positions.

Tradable Assets

iFOREX offers CFD trading on a diverse range of 750+ instruments across 6 asset classes, from Forex to Cryptocurrencies.

iFOREX Broker Markets
A look into the iFOREX broker trading markets
  • Forex (Foreign Exchange): Over 80 major, minor, and exotic currency pairs
  • Commodities: Precious metals (e.g., Gold and Silver), Energy products (e.g., WTI and BRENT), and Agricultural commodities (e.g., Coffee and Sugar)
  • Indices: Major global stock indices, such as Australia 200, Europe 50, and US30
  • Stocks: Shares of major international companies like Adidas, Adobe, Apple, and Amazon
  • Cryptocurrencies: Major cryptocurrencies like Bitcoin, Ethereum, and Litecoin
  • ETFs: Various Exchange-Traded Funds like Crude Oil Fund, US 30 Trust, US Banks, and China Top 50 Long

iFOREX Promotional Programs

The broker offers a welcome package to new clients and an affiliate program for referring customers.

  • Welcome Package: 50% trading bonus on the first deposit and an additional 50% upon completing KYC, plus 1-on-1 training guides, and video tutorials
  • Affiliate: $35 - $300 commission (based on your friend’s first deposit) for referring new clients

Customer Support

The lack of 24/5 online support is one of the disappointments in this iFOREX review. The broker provides assistance in 16+ languages Monday to Friday, 04:00 - 20:00 GMT through various channels, including:

Email

cs@iforex.com

Tel

+30 2103742599

Call Back Request

Through the “Contact Us” page

Ticket

Click the “mail” icon on the home page

iFOREX also has implemented local phone lines for its clients from various countries, such as China, Egypt, and India.

China

+852 30184846

Egypt

+30 2100105333

India

+91 3371279140

Indonesia

+30 2103742518

Kazakhstan

+7 7273493078

Malaysia

+30 2103742520

Mexico

+52 5547469733

Philippines

+30 2103742525

iFOREX Broker Restricted Countries

There are certain countries and regions where the broker's services are restricted due to regulatory requirements or company policy.

iFOREX Prohibited Countries
A list of restricted jurisdictions on iFOREX

iFOREX Geo-Restrictions:

  • Afghanistan
  • American Samoa
  • Australia
  • Belgium
  • British Indian Ocean Territory
  • British Virgin Islands
  • Canada
  • Christmas Island
  • Cocos Islands
  • Congo, the Democratic Republic.
  • Crimea
  • Cuba
  • Guam
  • Guinea
  • Haiti
  • Iran
  • Israel
  • Lebanon
  • Libya
  • Mali
  • Myanmar
  • New Zealand
  • North Korea (DPRK)
  • Northern Mariana Islands
  • Puerto Rico
  • Russian Federation
  • Singapore
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Turkey
  • United States of America
  • US Minor Outlying Islands
  • US Virgin Islands

iFOREX User Satisfaction

The company has garnered mostly positive feedback across reputable websites like Forex Peace Army.

iFOREX Trustpilot

4.2 out of 5 based on 124 comments

Forex Peace Army

2.495 out of 5 based on 105 ratings

75% of iFOREX reviews on Trustpilot are 4-star and 5-star (positive), and only 23% are negative (1-star and 2-star).

iFOREX Trustpilot
iFOREX has replied to 40% of negative reviews on its TP profile with an average reply time of less than 2 weeks

Educational Offerings

iFOREX places a strong emphasis on trader education, offering a comprehensive suite of educational resources and trading tools, including:

  • Education Center: Basic and advanced articles
  • Trading Tools: Pulse (AI deal-finder), The Trading Expert, Economic Calendar, Trading Signals, and News

iFOREX in Comparison to Other Brokerages

In this section, the broker is evaluated against some of its top competitors:

Parameter

iFOREX Broker

LiteForex BrokerPepperstone BrokerMoneta Markets Broker

Regulation

BVI FSC

CySECASIC, SCB, FCA, DFSA, CMA, BaFin, CySECFSCA, FSRA

Minimum Spread

Variable Based on the Instrument

From 0.0 PipsFrom 0.0 pipsFrom 0.0 pips

Commission

$0

From $0.0From $0.0From $0.0

Minimum Deposit

$100

$50$1$50

Maximum Leverage

1:400

1:301:5001:1000

Trading Platforms

iFOREX App

MetaTrader 4, MetaTrader 5, Mobile Proprietary AppProprietary Platform, cTrader, Trading View, MetaTrader 4&5MT4, MT5, Pro Trader, App Trader

Account Types

Real, Demo, Swap-Free

Classic, ECN, DemoStandard, RazorDirect, Prime, Ultra

Islamic Account

Yes

NoYesYes

Number of Tradable Assets

750+

N/A1200+1000+

Trade Execution

Market

MarketInstantMarket

Conclusion and Final Words

iFOREX provides access to 750+ trading instruments with leverage options of up to 1:400. The broker has a great score of 4.2 out of 5 on Trustpilot. It doesn’t accept clients from the USA.

FAQs

What is the minimum deposit required to open an iFOREX account?

$100 is the minimum deposit to open a Real account on iFOREX. This applies to all account types, including Islamic accounts.

Is iFOREX a regulated broker?

Yes. iFOREX is regulated by the BVI Financial Services Commission (BVIFSC). Its European branch is also regulated by CySEC under license number 143/11.

What account types does iFOREX offer?

iFOREX provides Real, Demo, and Swap-Free (Islamic) account types, covering both beginners and users with religious constraints.

What trading platforms are available at iFOREX?

iFOREX uses its proprietary trading app, available on iOS, Android, and web browsers. It does not support MetaTrader platforms like MT4 or MT5.

What is the maximum leverage offered by iFOREX?

The broker offers up to 1:400 leverage, especially for Forex trading. This is suitable for high-risk strategies but may increase potential losses.

What assets can I trade on iFOREX?

You can trade 750+ CFDs on Forex, Commodities, Indices, Stocks, Crypto, and ETFs. Over 80 currency pairs are available.

Does iFOREX charge trading commissions?

No. iFOREX operates on a commission-free model. The main trading cost comes from variable spreads.

How do I register and verify my iFOREX account?

Go to the iFOREX site, complete the form, and upload a passport/ID + a utility bill/bank statement for KYC verification.

Does iFOREX support Islamic (Swap-Free) trading accounts?

Yes. iFOREX provides Islamic accounts without overnight swap charges, catering to Sharia-compliant trading.

What deposit and withdrawal methods are supported?

Supported methods include Credit/Debit cards, Apple Pay, Neteller, Skrill, Paysafecard, Crypto, Voucherry. Withdrawal is done to the original funding method.

Are there any fees for deposits or withdrawals?

iFOREX does not charge deposit/withdrawal fees, but third-party payment providers may apply fees or currency conversion charges.

Is copy trading available on iFOREX?

No. iFOREX doesn’t offer copy trading, but you can access market sentiment tools and observe trader behavior.

What are the typical spreads at iFOREX?

Spreads vary by instrument: EUR/USD starts at 1.1 pips, Gold at 49, and Bitcoin at 101.2.

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