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: Corner of Agiou Andreou & Venizelou Streets, Vashiotis Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus.

Operated by Formula Investment House Ltd., an investment firm licensed and supervised by the British Virgin Islands’ Financial Services Commission. 

Established in 1996

Regulation: Cyprus Securities and Exchange Commission (CySEC)

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

Features of Cryptocurrency Trading:

  • You could trade various cryptocurrencies in the form of CFDs without having to physically buy them.
  • Boost your trading power using leverage trading (where permitted by local regulations).
  • Access information resources for free – market news, updates, daily analysis and more.

Features of FOREX trading

  • You get access to over 90 currency pairs 24 hours a day 5.5 days a week.
  • Maximize your portfolio’s potential by taking advantage of all market directions whether the market is going up or down
  • Access a high-rollers market with minimum capital and leverage of up to 400:1

Why to choose iFOREX?

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.

Liquidity and Global Connections

  • Direct access to global markets, including forex, shares, commodities and indices
  • Worldwide resources that provide global liquidity with the click of a mouse
  • Offices located around the world and immediate customer service in your native language
  • A wide variety of interbank tools for larger accounts

Trading and Costs

  • Interbank spreads on certain majors and competitive spreads on other tradable products
  • No hidden fees and no extra charges
  • Advanced technology to ensure balance protection
  • Hedging capabilities
  • Add, change and remove Limit Orders on all instruments even when the market is closed
  • 1 click deal execution
  • Full margin usage which allows you to use the full extent of your funds: no margin calls
  • Immediate future profit payments
  • Customized leverage of up to 400:1

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 Platform and Conditions

Trading platform: iForex trading platform (web-based)

Account types: standard, premium, protected

Islamic swap-free accounts: available

Maximum leverage: 1:400

Minimum trade size: 0.025 lot

Spread types: fixed

Spreads start from 1.3 pips

Demo account: yes

Islamic swap free account: available

Currency pairs: 58

Scalping: allowed

Hedging: allowed

Trading signals: yes

Negative balance protection: yes

One click trading: yes

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

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

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. 

iForex Details

Trading Platforms:
Maximum Leverage:
Account Options:
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Minimum Deposit:
Representative Offices:

top forex broker

 

New Brokers

Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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