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iFOREX Europe logo

iFOREX Europe

Regulated
Cyprus
,
Since 1996
Last Updated:
41/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
30
Account Types
Standard

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Credit/Debit Cards (Visa, MasterCard, Maestro)

credit card
Instant
Fee:
Free
Fee:
Free

Bank Wire Transfers

bank transfer
5 days
Fee:
Free
Fee:
$20

E-Wallets (Skrill, Neteller, PayPal)

e wallet
Instant
Fee:
Free
Fee:
Free

Cryptocurrency (Bitcoin)

crypto
Instant
Fee:
Free
Fee:
Free

PayPal

e wallet
Instant
Fee:
Free
Fee:
Free

Local Bank Transfers (India)

bank transfer
2 days
Fee:
Free
Fee:
$5

Rapid Transfer (Southeast Asia)

bank transfer
Instant
Fee:
Free
Fee:
Free

Local Transfers (Southeast Asia)

bank transfer
2 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 33%, 2: License 70%, 3: Software 51%, 4: Spread 0%, 5: Account Type 10%, 6: Symbol 0%
Regulation
33%Poor
License
70%Good
Software
51%Fair
Spread
0%Poor
Account Type
10%Poor
Symbol
0%Poor

Company Information

Full Name:ICFD Ltd
Founded:1996
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
+357 252-04600
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

iFOREX is an international online FX and CFD trading broker with robust regulatory frameworks in multiple jurisdictions. Detailed operational and regulatory information on iFOREX is publicly available, contrary to the previous writer's claim. Founded in 1996, iFOREX is part of the iFOREX Group, which has provided online CFD and forex trading services for years.

The European operation, known as iFOREX Europe, is regulated and primarily serves clients in the European Economic Area (the “EEA”). In addition to its proprietary platform, iFOREX offers retail clients access to a web-based platform and provides educational resources to help traders develop their skills and understanding of global markets.

 

Key Features and Services

For retail traders, iFOREX Europe enables global trading through proprietary web and mobile platforms. Key offerings include:
• Forex trading
• Commodity CFDs
• Global indices
• Stock CFDs
• ETF CFDs
• Webinars and educational resources
• Market insights

• Multilingual customer support

iFOREX's overall emphasis is to provide beginner traders with more educational materials and to make it easier for them to access their accounts.

 

Trading Instruments

iFOREX Europe provides access to a broad range of tradable assets, including:
• Major and minor currency pairs
• Commodities: gold, silver, oil
• Major global indices
• Stocks and stock CFDs
• Trusts
• Cryptocurrency CFDs (subject to regulation and location)

By trading all these instruments, iFOREX clients can diversify their exposure across different asset classes.

 

Educational Resources

iFOREX’s educational materials have significant visibility. iFOREX provides:
• Tutorials for trading
• Web-based education
• Market news and analysis
• Webinars
• Beginning trading guides

These educational resources are designed to help beginning traders learn the basics of financial markets and trading.

 

Regulation and Licensing

The original text incorrectly suggested that there is insufficient public information regarding iFOREX Europe’s regulatory status.

In reality, iFOREX Europe operates under European regulatory supervision through:

  • Cyprus Securities and Exchange Commission (CySEC)

The European entity is generally associated with:

Regulatory Body

License Holder

Status

Cyprus Securities and Exchange Commission

iCFD Ltd

Regulated

CySEC regulation means the broker must comply with European financial rules relating to:

  • Client fund segregation

  • Investor protection requirements

  • AML/KYC compliance

  • Risk disclosures

  • Leverage restrictions under ESMA guidelines

However, traders should always independently verify license details directly through the regulator’s official database.

 

Trading Conditions and Platform Technology

The original text incorrectly claimed that almost no information is publicly available regarding trading conditions.

In reality, iFOREX publicly provides basic information regarding its platform and trading environment, although some detailed account specifications may still vary by region.

Key publicly known points include:

  • Proprietary trading platform

  • Web and mobile platform access

  • Variable spreads

  • Leverage limitations based on European regulations

  • CFD trading functionality

  • Risk management tools

Trading Condition

Details

Spreads

Variable spreads

Leverage

Subject to ESMA/CySEC limits

Minimum Deposit

Varies by region/account

Trading Platform

Proprietary web/mobile platform

Unlike many brokers, iFOREX does not primarily rely on MetaTrader 4 or MetaTrader 5 as its core offering.

 

Fee Structure

The original article overstated the lack of available fee information.

iFOREX does disclose parts of its fee structure, although exact costs may vary depending on instrument and market conditions.

Typical trading-related costs may include:

  • Spread costs

  • Overnight financing (swap) fees

  • Potential withdrawal processing conditions

  • Currency conversion fees

Fee Type

Details

Deposit Fees

Usually limited or not charged directly by broker

Withdrawal Fees

May depend on payment method

Commission

Mostly spread-based pricing model

Traders should still review the broker’s official legal and pricing documents before opening an account.

 

User Experience and Market Reputation

Previous versions suggested there was very little public input on iFOREX. Many forums, reviews, & other sources exist to help traders who want an idea of what trading with iFOREX is like. Public opinions on brokers can be generally like this for most retail CFD brokers:
-Platform usability
-Education
-Withdrawals
-Customer Support
-Cost

All clients should check at least 3 independent sources of information before deciding to trade with iFOREX.

 

 

New Developments


iFOREX Europe has not undergone any substantial/major changes in its operations since the original article was written. Similar to many European brokers, the operations of this broker have been affected by:
-ESMA
-European leverage limitations
-Ongoing CFD compliance issues
-Market volatility and other updates regarding crypto regulations

All clients should keep an eye out for broker announcements and regulatory updates regarding these issues.

 

Conclusion

iFOREX is a long-standing online broker offering CFDs and forex to retail clients through regulatory bodies in Europe and other regions. There is a great deal of public information about the regulation, structure, platform, trading services, etc., associated with this broker, all of which differ significantly from the original report.

They are a regulated broker in the EU via CySEC and offer multiple types of instruments through their proprietary platform. As with any broker, all traders are responsible for verifying the regulations that govern them, reviewing the trades provided by iFOREX, & completing their due diligence before opening a trading account.

 

Regulatory Licenses

Compliance & oversight

2 licenses
Cyprus
CySECTier 2
Cyprus#143/11
License Details
Type:Market Making(MM)
License #:143/11
Status:Regulated
Validity
Effective:N/A
Expires:N/A
British Virgin Islands
BVI FSCTier 3
British Virgin Islands#SIBA/L/13/1060
License Details
Type:Dealing in securities
License #:SIBA/L/13/1060
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

1 type
Standard
Standard
Min Deposit EUR 500 • Leverage 1:30 • Commission Not specified
Min DepositEUR 500
Leverage1:30
CommissionNot specified
1
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

10 methods
Credit/Debit Cards (Visa, MasterCard, Maestro)
Credit CardInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawals processed back to original funding source where possible; available where Visa, MasterCard, Maestro accepted.
Bank Wire Transfers
Bank Transfer5 min
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:USD 20
Min:N/A
Max:N/A
Withdrawals may incur additional client bank fees; available globally subject to local banking regulations.
E-Wallets (Skrill, Neteller, PayPal)
E-WalletInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawals processed back to original funding source where possible; available where Skrill, Neteller, PayPal accepted.
Cryptocurrency (Bitcoin)
CryptocurrencyInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Withdrawals processed back to original funding source where possible; available where Bitcoin transactions permitted.
10
Free Deposit
10
Instant
1
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Global Domains

Worldwide web presence

3 sites
🌐
https://iforex.es
Unknown
Active
SSL
🌐
https://iforex.it
Unknown
Active
SSL
🌐
https://iforex.fr
Unknown
Active
SSL
3
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

ICFD LIMITED

Cyprus
active

Registration

HE254495

Established

2009-09-07

Comments

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