iFOREX Review 2026

Item: iFOREX
Rating: 6.38
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 04, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $100
Fees 7 /10
Account types 2.5 /10
Regulation 9.3 /10

6.4 /10

Moderate risk

iFOREX User Reviews 4.6
Commissions and Fees 7.0
Regulation and Safety 9.3
Account Types 2.5
Deposit and Withdrawal 7.8
Markets and Tradable Assets 7.8
Trading Account Opening 8.0
Customer Support 5.2

iFOREX Pros & Cons

license availability from the international regulator BVI FSC;
a wide range of 800+ financial instruments;
trading platform, website, and support in 11 languages.

high spread: from 1.8 pips;
the minimum deposit is $100;
there are trading restrictions on scalping and algorithmic trading;
broker's clients cannot receive passive profit through investments in PAMM accounts and ready-made investment portfolios;
potential clients can’t test the broker's conditions on cent (micro) accounts.

TU Expert Verdict

iFOREX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

iFOREX User Reviews

Score:

4.6 /10

134 total

5-star

2%
4-star

4%
3-star

37%
2-star

34%
1-star

22%

Mario Licona

PRO

30 weeks ago

I traded ETFs and commodities there, yes, quite unusual assets for small traders because most of them trade stocks or forex. But I want to emphasize that iForex offers very tight spreads even on these assets; that alone makes trading more profitable and less expensive. Leverage is conservative, but still very high for ETFs.

You should collaborate with tradingview! I would like to see the TV interface on the mobile app because, truth be told, I don't do analysis on the iforex app; I use it only for opening and closing trades, while I do analysis on TV. I hope you will take that into account.

Negocié ETFs y materias primas allí, sí, activos bastante inusuales para traders pequeños porque la mayoría opera con acciones o forex. Pero quiero enfatizar que iForex ofrece diferenciales muy ajustados incluso en estos activos; eso por sí solo hace que el trading sea más rentable y menos costoso. El apalancamiento es conservador, pero aun así muy alto para ETFs.

¡Deberían colaborar con tradingview! Me gustaría ver la interfaz de TV en la app móvil porque, la verdad, no realizo análisis en la app de iforex; la uso solo para abrir y cerrar operaciones, mientras que el análisis lo hago en TV. Espero que tengan eso en cuenta.

I recently sold short the Invesco QQQ Trust (QQQ). This ETF is primarily based on the Nasdaq 100 index. I knew it would drop 5% after Trump's announcements; you have to say he's crazy, I don't know what he's doing, but as long as he keeps making announcements, I'll short everything. Mind you, this is not financial advice. xD!

Hace poco vendí en corto el Invesco QQQ Trust (QQQ). Este ETF está principalmente basado en el índice Nasdaq 100. Sabía que caería un 5% tras los anuncios de Trump; hay que decir que está loco, no sé qué está haciendo, pero mientras siga haciendo anuncios, venderé en corto todo. Eso sí, esto no es asesoramiento financiero. xD!

Sharaf al-Zaman

PRO

25 weeks ago

They have 30 years of experience and are still in the market, so to me, they seem to be the safest broker. Spreads are good, and they offer cryptocurrencies as well as all stocks. You might imagine that an old broker doesn't offer modern assets, but they're actually constantly adding them.

The trading platform is unique, I've never seen anything like it before, and it took me a while to get used to it. You can't use bots to trade here, or at least I didn't find a way to do it, I do everything manually.

لديهم خبرة 30 عامًا وما زالوا في السوق، لذا بالنسبة لي، يبدو أنهم الوسيط الأكثر أمانًا. فروق الأسعار جيدة، ويقدمون العملات الرقمية بالإضافة إلى جميع الأسهم. ربما تتخيل أن الوسيط القديم لايقدم أصولًا حديثة، لكنهم فيالواقع يضيفونها باستمرار.

منصة التداول مميزة وفريدة من نوعها، لم أرَ مثلها من قبل، واستغرقني الأمر بعض الوقت لأعتاد عليها. لايمكن استخدام الروبوتات للتداول هنا، أو على الأقل لم أجد طريقة لفعل ذلك أقوم بكل شيء يدويًا.

There are also fees for inactivity, and you have to have funds to start trading. But the managers are very good and discreet, and I have enough money to fund my hobby, so these are not negatives for me. Also, I should say that I trade on a VIP account, so there might be some differences with lower tier accounts.

هناك أيضًا رسوم على عدم النشاط، ويجب أن يكون لديك أموال لبدء التداول. لكن المديرين جيدون للغاية ومحتمون، ولدي ما يكفي من الأموال لتمويل هوايتي، لذا هذه ليست سلبيات بالنسبة لي. أيضًا، يجب أن أقول أنني أتداول على حساب VIP، لذا ربما تكون هناك بعض الاختلافات مع الحسابات ذات المستويات الأدنى.

Sharaf al-Zaman

PRO

25 weeks ago

There are also inactivity fees, and you have to have funds to start trading. But the managers are very good and discreet, and I have enough money to fund my hobby, so these are not negatives for me. Also, I should say that I trade on a VIP account, so there might be some differences with lower tier accounts.

Make your review professional!

In order to send a review as a PRO, fill out all fields of the form.

What's in it for you?

This review will be posted higher on the list than others.
More users will be able to see your review.
Your review will be marked as "PRO".

Add your photo:

Available JPG or PNG Change

Rate the company:

Each star gives 2 points to the company's score.

POINT OUT THE ADVANTAGES OF THE COMPANY

Point out its weaknesses

Your Name

Social media link:

Leave a message:

Add your image or video:

Commissions and Fees

Score:

7 /10

The trading and non-trading commissions of iFOREX have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of iFOREX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, iFOREX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

iFOREX Standard spreads
	iFOREX	ZForex	OANDA
EUR/USD min, pips	0.6	0.1	0.1
EUR/USD max, pips	0.9	0.4	0.5
GPB/USD min, pips	0.6	0.2	0.1
GPB/USD max, pips	1	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

iFOREX RAW/ECN spreads
	iFOREX	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	5	7	3.5
EUR/USD avg spread	0.1	0.1	0.15
GBP/USD avg spread	0.15	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with iFOREX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

iFOREX Non-Trading Fees
	iFOREX	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-20	0-15
Inactivity fee ($, per month)	5	0

Is iFOREX Safe?

Score:

9.3 /10

iFOREX has a safety score of 9.3/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection
Track record over 30 years

Strict requirements and extensive documentation to open an account

iFOREX Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
BVI FSC	Full Name British Virgin Islands Financial Services Commission	Country of regulation British Virgin Islands	Investor Protection Fund No specific fund	Regulation Level Tier-2
CySec	Full Name Cyprus Securities and Exchange Commission	Country of regulation Cyprus	Investor Protection Fund Up to €20,000	Regulation Level Tier-1

iFOREX Security Factors
Foundation date	1996
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

2.5 /10

iFOREX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Demo account
Tight spread ECN account
Low minimum deposit

No Cent account
No VIP account option

iFOREX account types vs top competitors
	iFOREX	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	Yes	Yes	Yes
VIP	No	No	No
Managed	No	No	No

iFOREX accounts trading conditions

The iFOREX broker offers only one live account. Its conditions are suitable for experienced traders who use medium and long-term trading strategies.

Types of accounts:

Account Type	Description
Real account	A real account is a standard account with a minimum deposit of $100. Leverage: 1:400. Spreads for the EUR / USD pair start at 1.8 pips. If a client deposits $5000, the broker reduces the spreads. There is no commission per lot.
Demo account	A demo account can only be opened after activating a live trading account. Their conditions are entirely identical.

The iFOREX broker is a professional trading broker. It is distinguished by its reliability and a wide range of trading instruments. However, it imposes restrictions on the use of popular strategies.

Deposit and Withdrawal

Score:

7.8 /10

iFOREX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

iFOREX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Minimum deposit below industry average
Bank wire transfers available
USDT (Tether) supported
Low minimum withdrawal requirement

PayPal not supported
Wise not supported
BTC not available as a base account currency

What are iFOREX deposit and withdrawal options?

iFOREX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.

iFOREX Deposit and Withdrawal Methods vs Competitors
	iFOREX	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are iFOREX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. iFOREX supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CHF, INR.

What are iFOREX's minimum deposit and withdrawal amounts?

The minimum deposit on iFOREX is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact iFOREX’s support team.

Markets and Tradable Assets

Score:

7.8 /10

iFOREX provides a standard range of trading assets in line with the market average. The platform includes 750 assets in total and 90 Forex currency pairs.

ETFs investing
750 assets for trading
Crypto trading

Copy trading not available
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by iFOREX with its competitors, making it easier for you to find the perfect fit.

	iFOREX	ZForex	Plus500
Currency pairs	90	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	750	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products iFOREX offers for beginner traders and investors who prefer not to engage in active trading.

	iFOREX	ZForex	Plus500
Bonds	No	No	No
ETFs	Yes	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with iFOREX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at iFOREX is $100.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fully online account opening process

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

iFOREX account opening
	iFOREX	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$100	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is iFOREX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading Forex with the iFOREX broker, you must open a real account. This is the procedure:

Register on the broker's website using the "Register" or "Join" buttons. Enter your name, surname, phone number, email in the registration form, enter the generated security code. A password will appear on the screen: save it for authorization.
Enter your Account, enter your login (email) and password. The web terminal is integrated into the personal account. To start trading, make a deposit and click the "Trade" button. Before replenishing the deposit, be sure to provide scanned copies of documents for identification.
The following functions will be available in your personal account:
- Account replenishment and withdrawal.
- Video tutorials for training.

In the personal account, the user will find:

real-time quotes;
charts and trading signals;
price alerts for selected financial instruments;
account statements and activity log.

Customer Support

Score:

5.2 /10

Customer support at iFOREX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. iFOREX provides basic support functionality but does not stand out in overall service performance.

Information

Support specialists are available 24 hours a day, five days a week.

Opportunity to get help from technical support through the remote access program
Multilingual support

Closed on weekends
Online chat does not allow you to receive a response in real-time. It comes to your email.
Not all mobile operators support the format of the indicated numbers
There is no feedback form for ordering a call

The broker offers several ways to contact support:

Ability to communicate directly with support is provided:
by local phone numbers as indicated on the website;
by email;
in the online chat on the broker's website.

Contacts
Foundation date	1996
Registration address	1 Wickham's Cay, Road Town, Tortola, BVI VG1110, Limassol, Cyprus
Regulation	BVI FSC
Official site	iforex.com
Contacts	support@iforex.com info@iforex.com partnership@iforex.com +91-33-7127-9140

Best iFOREX Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

iFOREX Video Guides

FAQs

How is iFOREX regulated and what safety measures are highlighted in reviews of its security?

iFOREX has a safety score of 9.3/10, described as a high security level, and is regulated by CySEC (Tier-1, with an investor protection fund up to €20,000) and the BVI FSC (Tier-2, with no specific fund mentioned). The broker was founded in 1996, applies mandatory KYC, and offers negative balance protection, but any additional safeguards beyond these are not specified in the section.

What types of trading accounts does iFOREX offer and what are their key features?

According to this section, iFOREX offers a single live real account with a $100 minimum deposit, leverage up to 1:400, and EUR/USD spreads starting from 1.8 pips, with lower spreads available from a $5,000 deposit and no per-lot commission. The broker also provides Demo, Standard, ECN/Raw spread, and Swap Free (Islamic) options in general, but does not offer Cent, Micro, VIP, or managed accounts, and it imposes some restrictions on popular strategies, which are not detailed here.

What do user reviews and feedback say about the overall experience with iFOREX?

Based on available user reviews, iFOREX has a user satisfaction score of 4.6/10 from 134 reviews, with 2% 5-star and 22% 1-star ratings. The distribution, where 34% are 2-star and 37% are 3-star, indicates that overall user reviews are mostly negative, with relatively few highly positive ratings reported in this section.

What markets and tradable assets are available with iFOREX according to user feedback and testing?

This section states that iFOREX offers 750 total tradable assets, including 90 forex currency pairs, stocks, commodity futures, crypto, stock indices, and ETFs, but does not provide bonds, options, copy trading, PAMM, or managed accounts. The range is described as a standard offering in line with the market average, and any detailed user feedback on specific instruments is not provided here.

How does the iFOREX account opening process work and what do reviews mention about its speed?

The account opening process at iFOREX is fully online, with registration taking about 20 minutes, mandatory KYC completed in around 2 business days, and a minimum deposit of $100. The section notes that the procedure is considered accessible and relatively hassle-free, although registration and approval times may be longer depending on the documentation, and specific user comments on this process are not detailed here.