iFOREX Review 2024

iFOREX has closed or does not accept UK clients

See the UK broker list for options.
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

iFOREX is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs. Surprisingly, iFOREX does not support either of the enormously popular MetaTrader 4 and MetaTrader 5 platforms.

In terms of features offered to traders, iFOREX has Demo Accounts, Islamic Accounts and Signals but is missing Social Trading and Auto Trading.

Cryptocurrency traders have a very decent number of coins to trade at iFOREX, 7 in fact: BTC, LTC, ETH, XRP, EOS, XMR and DASH.

Careful traders will be reassured knowing that iFOREX is licensed to offer trading services by several regulators, 3 in fact, including the FCA.

iFOREX Summary

iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

iFOREX is #97 in our rankings of CFD brokers.

Ratings

45%
Trust
66%
Instruments
42%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account ✓ Yes
Min. Deposit $100
Min. Trade0.01 Lots
Regulated ByCySEC, FCA, BVI
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account
Commodities
  • Gold

CFD Trading

iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies

Leverage1:30
FTSE Spread2.4
GBPUSD Spread2.8
Oil Spread5.4 pips
Stocks SpreadVariable

Forex Trading

iFOREX offers trading on approaching 100 currencies from around the world

GBPUSD Spread1.8
EURUSD Spread1.8
EURGBP Spread2.8
Assets90

Cryptocurrency Trading

iFOREX offers trading on popular cryptocurrency coins

SpreadVariable
CoinsBTC, LTC, ETH, XRP, EOS, XMR, DASH

Payment Methods

iFOREX accepts the following payment methods:

Risk Warning – Your capital is at risk

FAQ

Is iFOREX Safe?

Yes, most likely, as we gave iFOREX a trust score of 45% in this review. The main positive factor in this score is that iFOREX is regulated by our own FCA here in the UK. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does iFOREX Accept PayPal?

Yes, iFOREX does accept PayPal payments.

Is iFOREX Halal?

Yes, iFOREX does offer an Islamic trading account and should thus be Halal to trade with.

Is iFOREX Regulated in the UK?

Yes, iFOREX is regulated by the FCA here in the UK.

Is iFOREX Regulated?

Yes, iFOREX is regulated by 3 different regulators: CySEC, FCA and BVI. Most importantly, they're regulated by our own strong FCA here in the UK.

Compare iFOREX with Other Brokers

These brokers are the most similar to iFOREX:

  1. AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, alongside a comprehensive education center and multilingual customer support.
  2. XTB - Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
  3. CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.

iFOREX Feature Comparison

iFOREX Compared With Similar Brokers
iFOREX AvaTrade XTB CMC Markets
Rating 1.5 4.9 4.8 4.7
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities
Minimum Deposit $100 $100 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Regulators CySEC, FCA, BVI ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM FCA, CySEC, KNF, CNMV, DFSA, FSC FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
Bonus - - - -
Education No Yes Yes Yes
Platforms - MT4, MT5 - MT4
Leverage 1:30 1:30 (Retail) 1:400 (Pro) 1:30 1:30 (Retail), 1:500 (Pro)
Visit
Review iFOREX
Review
AvaTrade
Review
XTB
Review
CMC Markets
Review

Trading Instruments Comparison

Comparison of iFOREX Trading Instruments
iFOREX AvaTrade XTB CMC Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto Yes No Yes No
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver No Yes Yes Yes
Corn No Yes Yes No
Futures No No No No
Options No Yes No No
ETFs No Yes Yes Yes
Bonds No Yes No Yes
Warrants No No No No
Spreadbetting No Yes No Yes
Volatility Index No Yes Yes Yes

iFOREX vs Other Brokers

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iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide