iFOREX Review 2025 – Key Features, Pros & Cons

If you’re searching for a reliable iFOREX review, you’ve come to the right place. In this article, we’ll take an in-depth look at iFOREX, covering its features, pros and cons, fees, and whether it’s the right broker for you.

iFOREX Overview

iFOREX is an online trading platform that allows users to trade CFDs (Contracts for Difference) on forex, stocks, commodities, indices, and cryptocurrencies. Established in 1996, the broker has built a reputation for offering a user-friendly platform, educational resources, and competitive trading conditions.

Key Features of iFOREX

Multiple Trading Instruments – Trade forex, stocks, commodities, indices, and cryptocurrencies.
Leverage – Access high leverage (up to 1:400 for professional clients).
User-Friendly Platform – Offers a web-based platform and mobile app for easy trading.
Educational Resources – Includes webinars, video tutorials, and market analysis.
Customer Support – 24/5 multilingual support via phone, email, and live chat.

iFOREX Trading Platforms

iFOREX provides its proprietary trading platform, which is web-based and doesn’t require downloads. The platform includes:

Advanced charting tools (multiple timeframes, indicators)
One-click trading
Risk management tools (stop-loss, take-profit)
Mobile app (iOS & Android)

While iFOREX doesn’t support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), its in-house platform is intuitive for both beginners and experienced traders.

Account Types and Registration

Opening an account with iFOREX is straightforward:

Sign Up – Fill in personal details and verify your identity (KYC process).
Choose Account Type – Standard or professional (higher leverage for eligible traders).
Deposit Funds – Minimum deposit starts at $100.
Start Trading – Access the platform and begin trading.

Demo Account

iFOREX offers a free demo account with virtual funds, allowing new traders to practice without risking real money.

Fees and Spreads

iFOREX operates on a spread-based model, meaning traders pay the difference between the buy and sell price instead of commissions.

Forex Spreads – Start from 0.7 pips (EUR/USD).
Overnight Fees – Swaps apply for positions held overnight.
No Deposit/Withdrawal Fees – But bank or payment processor charges may apply.

Deposits and Withdrawals

iFOREX supports multiple payment methods:

Credit/Debit Cards (Visa, Mastercard)
Bank Transfers
E-wallets (Skrill, Neteller)

Withdrawal times vary:

E-wallets: 1-3 business days
Bank transfers: 3-5 business days

Pros and Cons of iFOREX

Pros:

✅ User-friendly platform (web & mobile)
✅ Wide range of trading instruments
✅ Free demo account
✅ Good educational resources
✅ 24/5 customer support

Cons:

❌ No MT4/MT5 support
❌ Limited stock selection compared to some competitors
❌ Inactivity fee after 3 months

Is iFOREX Safe and Regulated?

iFOREX is regulated by:

CySEC (Cyprus Securities and Exchange Commission)
FSC (British Virgin Islands Financial Services Commission)

While it follows regulatory guidelines, traders should always exercise caution and use risk management tools.

iFOREX vs Other Brokers

Feature	iFOREX	eToro	Plus500
Regulation	CySEC, FSC	FCA, CySEC, ASIC	FCA, CySEC, ASIC
Minimum Deposit	$100	$50	$100
Leverage	Up to 1:400	Up to 1:30 (retail)	Up to 1:300
Trading Platform	Proprietary	Proprietary & MT4	Proprietary
Demo Account	Yes	Yes	Yes

Final Verdict: Is iFOREX Worth It?

iFOREX is a solid choice for traders looking for a simple yet powerful CFD trading platform. It’s especially good for forex and CFD traders who prefer a proprietary platform over MT4/MT5.

Best for:
✔ Beginners due to its easy-to-use interface
✔ Forex and CFD traders
✔ Those who want educational resources

Not ideal for:
✖ Traders who rely on MT4/MT5
✖ Long-term investors (due to swap fees)