Pros
  • Wide range of 800+ financial instruments
  • Trading platform, website, and support in 11 languages
Cons
  • High spread
  • Trading restrictions on scalping and algorithmic trading
  • No cent accounts

Reviewed broker: iForex

Location: Cyprus

Operated by Formula Investment House Ltd.

Established in 1996

Regulation: Cyprus Securities and Exchange Commission CySEC, British Virgin Islands’ Financial Services Commission BVI

USA traders: not accepted

Trading instruments: Forex, Commodities, Indices, Share, Crypto

Segregated bank accounts: All client funds are stored with leading banks for enhanced protection and are completely separated from company capital.

Languages: English, Russian, Spanish, Thai, Chinese, Japanese, and several others

Trading Conditions and Features

Over 90 currency pairs 24 hours a day 5.5 days a week

Access a high-rollers market with minimum capital and leverage of up to 400:1

iFOREX operates a dealing room for trading various financial products including foreign exchange, CFDs and commodity spot trading. iFOREX provides comprehensive end-user solutions and a range of trading functions coupled with flexibility in a robust and inclusive platform.

Interbank spreads on certain majors and competitive spreads on other tradable products

No hidden fees and no extra charges

Hedging capabilities

1 click order execution

Full margin usage which allows you to use the full extent of your funds: no margin calls

Account types: standard, premium, protected

Islamic swap-free accounts: available

Minimum trade size: 0.025 lot

Spread types: fixed

Spreads start from 1.3 pips

Scalping: allowed

Hedging: allowed

Trading signals: yes

Negative balance protection: yes

Risk Management

  • Real time margin protection, ensuring limits and automatically executing risk management precautions to prevent negative balance
  • Advanced technology, providing continuous order maintenance against volatile market situations

iForex Trading Platforms

Trading platform: iForex trading platform (web-based)

iFOREX allows you to trade via a tailor-made trading platform. This exclusive platform enables you to fully customize your trading experience while benefiting from innovative trading tools.

Mobile first – iFOREX app

The iFOREX platform provides an optimal mobile trading experience, ensuring that traders can access their accounts from any mobile device, whenever they choose. Be sure to download the iFOREX app, which is available for free on the App Store and Google Play.

Prefer trading from your computer? This versatile platform operates smoothly and securely on any standard computer – no download required.

The iFOREX platform offers hundreds of tradable CFDs from multiple regions and industries. The selection of tradable instruments allows traders to easily diversify their trading portfolio, while finding the instrument they want quickly and efficiently.

Unlike other trading platforms, the iFOREX platform is a proprietary solution, created in-house and improved using real clients’ experience and feedback. We built this platform relying on over 25 years of market experience and we constantly enhance and update its abilities to fit the needs of modern, informed traders.

The iFOREX trading platform features

  • Offers a secure, regulated trading environment
  • Equipped with an Economic Calendar and Trading Signals
  • Includes advanced live charts and indicators
  • Can be customized according to traders’ needs
  • User friendly and intuitive
  • Supports trading from multiple devices

iForex Review : Payment Options

Minimum deposit requirement: $100

Payment methods: credit cards, wire transfer, Skrill, Neteller

Promotions and Bonuses

Trade with 100% more funds

Get 50% trading bonus on your first deposit. An additional 50% trading bonus.

Customer Assistance and Educational Materials

iFOREX is dedicated to providing its clients the highest level of customer support.  Should you have any further questions regarding iFOREX, it’s products or services, please feel free to get in touch by leaving your details on form above.

Customer support: email, fax, online chat, phone

Financial news, daily market analysis, and an Economic Calendar

Education resources and video tutorials suitable for all levels

How was the rating of iForex performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on iForex FX broker performance and features. 

Overall our online iForex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online iForex or you find inaccurate details iForex broker review please get in touch with us and the changes will be applied. 

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