iFOREX Review 2021
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| 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 platforms (4 and 5).
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 pleased to know that iFOREX is licensed to provide trading services by multiple regulatory bodies, 3 in fact, including the FCA.
iFOREX Summary
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC, FCA, BVI |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 2.4 |
| GBPUSD Spread | 2.8 |
| Oil Spread | 5.4 pips |
| Stocks Spread | Variable |
Forex Trading
iFOREX offers trading on approaching 100 currencies from around the world
| GBPUSD Spread | 1.8 |
|---|---|
| EURUSD Spread | 1.8 |
| EURGBP Spread | 2.8 |
| Assets | 90 |
Cryptocurrency Trading
iFOREX offers trading on popular cryptocurrency coins
| Spread | Variable |
|---|---|
| Coins | BTC, LTC, ETH, XRP, EOS, XMR, DASH |
Payment Methods
iFOREX accepts the following payment methods:
- Neteller
- Skrill
- PayPal
- Cashu
FAQ
Is iFOREX Safe?
Yes, we gave iFOREX a high 90% trust score in our review and believe traders should be safe here. One of the main positives for iFOREX is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.
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?
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.
iFOREX vs Other Brokers
If you want to compare iFOREX with other brokers, use the detailed comparisons below.
- CFD Global FX vs iFOREX
- FXChoice vs iFOREX
- iFOREX vs FXGM
- iFOREX vs IFC Markets
- iFOREX vs SmartFX
- iFOREX vs TeleTrade
- iFOREX vs XM
- ThinkMarkets vs iFOREX
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| iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide | ||