iFOREX review 2026

Our review is based on broker disclosures, regulatory records, platform research and available user information checked on 26 August 2026.

Is iFOREX regulated?

The broker operates through multiple legal entities. The regulator and protections applying to an account depend on which entity accepts the client, not simply on the broker brand displayed.

iFOREX holds a tier-one authorisation from CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

How safe is iFOREX?

Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Investor Compensation Fund up to €20,000 for eligible CySEC clients; no statutory investor compensation scheme for BVI clients, which pays eligible clients up to its limit if the firm fails owing client money.

Verify licence with CySEC

Licence information last checked 26 August 2026

iFOREX trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

iFOREX advertises spreads from 0.7 pips on Standard/Real. The stated commission is $0. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

Spreads from 0.7 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

iFOREX lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Spread type

Variable

EUR/USD average spread

Approx. 0.8 pips

GBP/USD average spread

Approx. 1.2 pips

Commission

$0

All-in cost, EUR/USD

Approx. 0.8 pips

Leverage and margin

Maximum leverage is reported as 1:400, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

iFOREX describes its execution model as Market maker / principal. The available information indicates an average execution speed of Under 100ms, order types of Market, limit, stop-loss, take-profit and conditional orders and servers in Global trading infrastructure. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

No

Copy trading

No

Negative balance protection

Yes

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

iFOREX account types

iFOREX offers 4 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

iFOREX runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GBP. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-dependent, approximately $100 notional on selected instruments. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Standard/RealVIPIslamic/Swap-FreeTrial/Demo

Minimum deposit

$100

Spreads from

0.7 pips

Commission

$0

Maximum leverage

1:400

Platforms

Proprietary platform

Base currencies

USD, EUR, GBP

Available markets

Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency CFDs

Minimum trade size

Instrument-dependent, approximately $100 notional on selected instruments

Account opening time

Typically a few minutes

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as available. Alternative charges, holding limits or eligibility conditions may apply.

iFOREX fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.7 pips, but typical pricing may be higher.

The reported trading commission is $0.

Overnight financing applies to eligible positions at rates that can change.

The broker reports none internally for deposits.

The broker reports generally none; $20 international wire transfer / $5 India local transfer for withdrawals.

An inactivity fee of $15 per quarter applies after 12 months inactivity.

A currency-conversion charge of Conversion at applicable exchange rate may apply.

Spreads from

0.7 pips

Commission

$0

Overnight financing

Both: overnight financing may be charged or credited

Deposit fee

None internally

Withdrawal fee

Generally none; $20 international wire transfer / $5 India local transfer

Inactivity fee

$15 per quarter after 12 months inactivity

Currency conversion

Conversion at applicable exchange rate

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

iFOREX supports Proprietary platform. Availability can differ by account and legal entity.

iFOREX offers iFOREX Web Platform, iFOREX Mobile App. A proprietary platform can be excellent, but it means your setup does not transfer if you later change broker.

Proprietary platform

Proprietary platform

Yes

Web platform

Yes

Mobile app

Proprietary

Charting

Multiple built-in technical indicators

Third-party tools

Trading signals and integrated market-analysis tools

Server locations

Global trading infrastructure

The platform range is adequate. Its main advantage is support for Proprietary platform; the principal limitation is the absence of MetaTrader 4 and MetaTrader 5.

Markets available through iFOREX

The broker reports access to 750+ instruments across forex, commodities, indices, shares, eTFs and cryptocurrency CFDs. Product availability depends on the account entity and platform.

Leverage up to 1:400 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

The product range is strongest for forex, commodities and indices. Traders seeking metals may need another broker.

ForexCommoditiesIndicesSharesETFsCryptocurrency CFDs

Markets, as published

Forex, Commodities, Indices, Shares, ETFs, Cryptocurrencies

Total instruments

750+

Currency pairs

90+

Cryptocurrency CFDs

Yes

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Credit/debit cards, bank wire transfer and alternative/regional payment solutions. Processing times, limits, fees and availability vary by country, currency and account entity.

Withdrawals are stated at Usually processed within a few business days, against Cards/electronic payments generally instant; bank wires several business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $20 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

Deposit methods

Credit/debit cards, bank wire transfer and alternative/regional payment solutions

Withdrawal methods

Bank transfer, cards and supported original funding methods

Deposit time

Cards/electronic payments generally instant; bank wires several business days

Withdrawal time

Usually processed within a few business days

Deposit fee

None internally

Withdrawal fee

Generally none; $20 international wire transfer / $5 India local transfer

Minimum withdrawal

$20

Local payment methods

Country-specific alternative payment solutions and local bank transfers

View withdrawal complaints about iFOREX

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

iFOREX provides support through Live chat, email, phone during 24/5. Supported languages include Multilingual.

Support runs 24/5. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: trading academy, structured lessons, videos, guides, tutorials and educational articles. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Support channels

Live chat, email, phone

Support hours

24/5

Languages

Multilingual

Telephone

+30 210 374 2599

Email

cs@iforex.com

Live chat response

Typically within minutes

Research and market analysis

Market analysis, trading signals, technical analysis, financial events, live rates and daily market opportunities

Education

Extensive: Trading Academy, structured lessons, videos, guides, tutorials and educational articles

Is iFOREX a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

iFOREX is best considered by

• Traders who want a tier-one licence behind the account

Consider another broker if

• You require copy trading
• You require MetaTrader

Compare iFOREX with other brokersView regulationRead user reviewsRead complaints