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Is iFOREX Reliable Forex Brokers? Is It Safe?

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iFOREX isn't available in US
FULL iFOREX OVERVIEW

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

If you're wondering whether iFOREX is a regulated Forex broker, you've come to the right page. At Traders Union, we maintain an extensive database of Forex broker regulations, consistently updated with the latest announcements from regulatory bodies and brokerage firms.

As of July 2025 iFOREX is indeed a regulated forex broker. The broker's operations are overseen by regulatory authorities including:

BVI FSC British Virgin Islands Financial Services Commission
CySec Cyprus Securities and Exchange Commission

Is iFOREX Well-Regulated Forex Broker?

The security of a broker significantly depends on its level of regulation. Experts at Traders Union suggest that brokers with a Tier-1 regulatory status are generally the safest to deal with. Additionally, the presence of an Investor Compensation Fund and a long tenure in the financial markets are seen as further advantages that enhance broker reliability. With this in mind, TU has compiled the following data to provide you with detailed information about the safety of the broker iFOREX.

iFOREX regulation review

Regulator Country Regulation level Investor Protection Fund
BVI FSC The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the UK. Known for its stringent requirements, it covers a wide range of activities from mortgages to financial advice, ensuring high standards of behavior. British Virgin Islands Tier-2 No specific fund
CySec The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the UK. Known for its stringent requirements, it covers a wide range of activities from mortgages to financial advice, ensuring high standards of behavior. Cyprus Tier-1 Up to €20,000

What Does iFOREX Regulation Level Mean for Traders?

iFOREX regulation indicates the degree of oversight and safety mechanisms in place. Higher-tier regulators ensure strict adherence to financial standards, offering better protection against fraud and mismanagement.

Understanding Regulation Levels

When selecting a Forex broker, one crucial factor to consider is their regulatory status. Here, we provide a detailed overview of various regulatory bodies:

  • Tier-1 Regulators: These are the most stringent and respected authorities globally. They enforce rigorous compliance standards to ensure maximum trader protection and financial stability. Examples include the FCA in the UK and ASIC in Australia.
  • While Tier-2 regulators still enforce substantial regulatory standards, Tier-3 regulators often have much less stringent requirements. Tier-3 regulation typically involves the mere registration of a broker in a jurisdiction with minimal oversight of their operations.

Is iFOREX a safe Forex broker? TU Conclusion

Tier-1 Regulation:

According to Traders Union (TU) data, broker iFOREX currently holds Tier-1 regulation, indicating it is highly secure. Such oversight ensures the highest level of investor protection and market integrity, making iFOREX a reliable choice for traders seeking security.

How to Check Whether iFOREX is Regulated?

To verify if a Forex broker is regulated, you can follow these steps, ensuring you choose a broker that operates with integrity and within legal frameworks:

1

Check the iFOREX official site : Reputable brokers typically display their regulatory information at the bottom of their homepage or in a dedicated "About Us" or "Regulation" section.

2

Check the iFOREX Verify with the Regulator: Once you have the regulatory body's name and the broker's registration number, visit the official website of the regulatory authority. Most regulators have an online Verification Page or a search function where you can verify the registration and licensing status of the broker.

iFOREX regulators websites

3

Check the iFOREX official site Review the Regulatory Body’s Database if any: Input the broker's name or registration number into the search tool provided on the regulator's website.

4

Check the iFOREX official site Contact the Regulator: If you have doubts or cannot find the information online, contact the regulatory body directly through their provided contact details to inquire about the broker's regulatory status.

iFOREX vs Tier-1 Regulated Competitors

Tier-1 regulation refers to the highest level of regulatory standards imposed by the most respected and stringent financial authorities globally. TU has compared iFOREX with the top competitors with Tier-1 regulatory level.

iFOREX Plus500 Pepperstone
Regulation BVI FSC FCA, CySEC, MAS, ASIC, FMA, FSA (Seychelles) ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec
Minimum deposit 100 100 0
Currency pairs 90 60 90
Floating spread EUR/USD, min pips 0,6 0,5 0,5
Floating spread EUR/USD, max pips 0,9 0,9 1,5
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Staying Safe in the Forex Market

Protecting yourself goes beyond just choosing a regulated broker. In this section, we'll share crucial tips to help you navigate the forex landscape safely:

When evaluating a broker like iFOREX, don't just look at whether they have a license - research the regulatory body providing oversight more thoroughly. Different regulators have varying requirements that impact the level of customer protection. According to a study, over half of retail forex traders fail to examine the specific regulators overseeing their brokers. This lack of due diligence can be risky, as the safeguards differ depending on the jurisdiction.

When considering iFOREX, find out the name of the regulatory authority as well as the specific consumer protections offered under their rules. For example, confirm if client funds are segregated and how much compensation is available if the broker becomes insolvent. Also, identify what dispute resolution options exist. A CySEC-regulated broker may provide up to €20,000 in investor reimbursement while an FCA-regulated broker could give up to £85,000 through the Financial Services Compensation Scheme.