iFOREX Review 2027

In short: iFOREX – conditions, pros and cons and how it works. Full details, terms and tips on AllForexRating. Full details, terms and tips on AllForexRating.

iFOREX is a forex and CFD broker that has been operating since 1996. It offers forex, metals, commodities, indices, shares, oil, cryptocurrencies and other instruments, and it supports MT4 and MT5 on desktop and mobile. This review looks at iFOREX's regulation, account conditions, costs and platforms, so you can judge whether the broker suits your trading style before you deposit anything.

Before you open an account, check the broker's licence in the official FCA Financial Services Register.

iFOREX Overview: Company Background and Regulation

iFOREX has a long track record for an online broker, with its foundation dating to 1996. Our database lists the company as ECN/STD, which means it uses an electronic communication network model for some account types. That model typically passes client orders to liquidity providers rather than trading against the client, although execution quality still depends on market conditions.

Regulatory Status and Client Safety

Regulation is the first thing to check with any broker, and the details for iFOREX need careful reading. Our database lists Switzerland as the regulatory jurisdiction and the Cyprus Securities and Exchange Commission (CySEC) as the regulator, while the company is also shown as headquartered in Cyprus with a Zurich address. Before depositing, confirm which legal entity you would contract with, which regulator supervises it, and what compensation arrangements apply to your account.

Regulated brokers are generally required to keep client funds separate from company funds, and this is a basic safety feature to ask about. Check the official website for the current terms, the entity named in your client agreement and any investor compensation scheme that applies to you.

Available Markets and Languages

iFOREX lists a broad range of assets: forex, cryptocurrencies, metals, commodities, spot markets, oil, CFDs, indices and shares. The platform also supports copy trading and expert advisors (EAs), and it offers forex trading with Bitcoin as a funding or trading option. The website is available in English, Spanish, Chinese, Japanese, Arabic, Italian, German, Portuguese, Russian and French.

iFOREX Account Types and Trading Conditions

iFOREX runs several account types, and our database lists three with the same figure of 100 for each: an ECN STP account, a standard account and a mini account. The figure is not labelled in our data, so do not assume it is a minimum deposit in any particular currency. Confirm the exact requirement, currency and account features on the official site before you choose an account.

Spreads, Leverage and Fees

For major currency pairs, our database shows typical spreads of 2 to 5 pips. Spreads can be fixed or variable, and variable spreads usually widen during news releases and at low-liquidity times such as the market rollover. Compare quotes at the times you actually trade, not only at the most favourable moments.

Maximum leverage is listed as 1:500, but the figure carries an asterisk in our data, which usually means leverage depends on the client's jurisdiction, account type or instrument. Higher leverage increases both potential gains and potential losses. Commission, overnight financing and any inactivity or withdrawal charges are not confirmed in our database, so read the fee schedule before trading.

Trading Platforms

iFOREX offers MetaTrader 4 and MetaTrader 5, which are among the most widely used trading platforms in the industry. The range covers MT4 and MT5 for PC, MT4 Web Trader, MT4 for Multi Terminal, and mobile apps for Android and iPhone. MT5 is also available for iPad, so you can trade from a tablet as well as a phone.

Both platforms support custom indicators, automated strategies and expert advisors. MT4 is simpler and remains popular with traders who use older Expert Advisors, while MT5 adds more timeframes, order types and a built-in economic calendar. Test any EA on a demo account before you connect it to a live balance.

Deposits, Withdrawals and Customer Support

iFOREX accepts credit cards, PayPal and wire transfers, which are the most common funding routes. Processing times and any fees differ by method and by country, so check the cashier section of your account before you move money. Some brokers apply a minimum withdrawal amount or require you to withdraw to the original payment method, and iFOREX's exact rules should be confirmed on its site.

Customer support details, including hours and response times, are not included in our database. Check the official contact page and test the service with a simple question before you deposit. Clear, quick answers about fees and account verification are a good sign of how the team handles real problems.

Looking for a wider comparison? Read our guide to all forex brokers compared to see how iFOREX stacks up on costs, platforms and regulation.