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
CySECTier 2Regulated
BVI FSCTier 3Regulated
Account Types
Trading account options
StandardStandardMin Deposit EUR 500 • Leverage 1:30 • Commission Not specified
Funding Methods
Deposit & withdrawal options
Credit/Debit Cards (Visa, MasterCard, Maestro)Free DepositInstant
Bank Wire TransfersFree Deposit
E-Wallets (Skrill, Neteller, PayPal)Free DepositInstant
Cryptocurrency (Bitcoin)Free DepositInstant
Trading Platforms
Professional trading tools
Social Presence
Digital community engagement
Corporate Network
Enterprise structure & relationships
ICFD LIMITED
Registration
HE254495
Established
2009-09-07



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