iFOREX Europe

iFOREX Europe Broker Overview

iFOREX Europe is the European arm of the iFOREX group, operated by ICFD Ltd from Limassol in Cyprus. The broker dates the iFOREX brand to 1996, while the Cyprus company behind iFOREX Europe was incorporated in September 2009. It offers contracts for difference on currencies, commodities, shares, indices, ETFs and cryptocurrencies, traded on software the firm builds itself rather than on a third party terminal, with retail leverage capped at 1:30 and no trading commission on any asset class.

iFOREX Europe Regulation and License

iFOREX Europe is operated by ICFD Ltd, which holds licence number 143/11 from the Cyprus Securities and Exchange Commission. The licence was confirmed on the authority's own register of Cypriot investment firms on 15 October 2026, and the entry records ICFD Ltd as the holder, 23 May 2011 as the date the licence was granted, iFOREX Europe as an approved trade name, and www.iforex.eu among the domains approved for the firm. As a Cypriot investment firm it is bound by the European retail rules the broker advertises, including leverage limited to 1:30 for retail clients and a floor of zero on client equity written into clause 13.7 of its client agreement, which states that the equity in a client's account will never fall below zero and that the company waives its right to the balance. Membership of the Cyprus investor compensation framework covers eligible claims against a Cypriot investment firm up to 20,000 euros.

A second licence sits on the record and belongs to a different company: a British Virgin Islands licence numbered SIBA/L/13/1060, held in the name of Formula Investment House Ltd, the group's non European company. It forms no part of ICFD Ltd's authorisation and extends nothing to clients of www.iforex.eu, who contract with the Cyprus company.

Separately from financial regulation, ICFD Limited is listed on the Cyprus companies register kept by the Department of Registrar of Companies and Intellectual Property under number HE 254495, with an incorporation date of 7 September 2009, confirmed there on 15 October 2026. A company registration of that kind establishes that a company exists; it is not a trading licence and says nothing about what a firm is authorised to do.

Is iFOREX Europe Regulated?

Yes. ICFD Ltd, the company that operates iFOREX Europe, appears on the Cyprus Securities and Exchange Commission's register of Cypriot investment firms under licence number 143/11, where it was read on 15 October 2026 with no qualifier such as a suspension against it. A reader can confirm it by searching that number or the company name at cysec.gov.cy. Authorisation is not the same thing as a guarantee against loss, and it covers this company only: clients outside the European Economic Area are served by other companies in the iFOREX group, through separate websites and on different terms, so conditions quoted on a non European iFOREX site do not apply to an iFOREX Europe account.

iFOREX Europe Account Types

iFOREX Europe does not publish account tiers. Its site carries no accounts or account comparison page, and its help centre answers the question by saying only that it offers a variety of accounts designed to suit individual needs, inviting the reader to contact customer service for the detail. What the broker publishes applies brand wide rather than per tier: commission free pricing on every asset class, leverage up to 1:30, no account set up fee, and a demo account funded with 5,000 US dollars in virtual money. The practical consequence is that the terms of the account a client is opening become visible only after registration.

iFOREX Europe Spreads, Commissions and Fees

There is no commission on any instrument class, and the only cost of opening a position is the spread, which is built into the instrument's price. Spreads are variable, and the broker publishes a minimum spread, an average spread, a margin percentage, a minimum deal size and a maximum exposure for each instrument on its pricing page. A position held past the end of the trading day pays overnight financing, with a currency pair mark up that starts at 0.75 per cent, can be higher, and can differ between long and short positions. Away from trading, opening an account is free and the broker charges nothing on deposits or withdrawals, with one exception: an international wire withdrawal carries a fee of up to 20 US dollars, and the client's own bank may add its charges on top. An account with no trading activity for twelve consecutive months is charged a maintenance fee of 15 US dollars a quarter, or its entire remaining equity where that is less than 15 US dollars.

iFOREX Europe Leverage

Retail leverage is capped at 1:30, the limit that applies to the retail clients of a Cyprus regulated firm. The broker states that cap brand wide rather than per account, and publishes a margin percentage for each instrument alongside its spreads.

iFOREX Europe Trading Platforms

iFOREX Europe runs its own software and offers no third party terminal. Trading is done on a proprietary web platform, which the broker's own help centre calls FXnet and which clients reach through the login link carried on every page of the site, and on a proprietary mobile application for smartphones distributed through the broker's own download link. There is no MetaTrader 4, MetaTrader 5 or cTrader option, which matters to anyone expecting to bring an existing terminal, chart template or automated strategy with them.

iFOREX Europe Deposits and Withdrawals

The funding list depends on the client's country. The broker's payment selector covers 41 countries and territories, from the main European Economic Area markets to the French overseas territories, and offers Visa, Mastercard, Maestro and Apple Pay as cards, PayPal as its only e-wallet, iDEAL for clients in the Netherlands and blik for clients in Poland. Bank wire is a funding route as well, and it is the compulsory one for taking profit out: the client agreement returns deposited funds to the method and remitter they came from, and pays profit only to a bank account in the client's own name. No minimum deposit is published. The client agreement allows an account to be funded without a minimum deposit threshold, the pricing page prints a minimum deposit label with no figure under it, and the broker says the applicable minimum appears after registration. Card deposits are shown as instant, while the broker estimates up to 10 business days for a card withdrawal and three to five business days for a bank wire, describing both as estimates only.

iFOREX Europe Support

Support is staffed Monday to Friday from 04:00 to 20:00 GMT, as stated on the broker's contact page, and is reached by telephone on +357 252-04600, by live chat, by WhatsApp and by email at cs@iforex.eu. The help centre at iforexsupport.eu is published in nine languages: English, Dutch, French, German, Greek, Hungarian, Italian, Polish and Spanish. The home page separately advertises support as 24/5, which the stated weekday window does not support, so the contact page hours are the ones to plan around.

iFOREX Europe Pros and Cons

In its favour: a named Cyprus operating company whose licence and company registration were both confirmed on the official Cyprus records in October 2026; no trading commission, with the cost of a position carried in the spread; per instrument pricing published in detail; a contractual floor of zero on client equity; free deposits and withdrawals on every channel except international wire; and support in nine languages.

Against: no account tiers and no minimum deposit are published, so the terms of an account are visible only after registration; only the broker's own platform is available, with no MetaTrader or other third party terminal; profit can leave only by bank transfer, the one channel that carries a fee; an inactivity fee applies after twelve months without trading and can take the whole of a small remaining balance; and the broker's own pages state support hours two different ways.

iFOREX Europe Review and Assessment

iFOREX Europe is the European face of a long established CFD brand, operated from Cyprus by ICFD Ltd under a licence confirmed on the Cyprus regulator's own register, and trading on software the firm builds itself. The offering is coherent for a retail client in the European Economic Area who wants commission free CFD pricing and does not need MetaTrader. The things to settle before funding an account are what the account itself costs, since neither tiers nor a minimum deposit are published and the applicable terms appear only after registration, and how money comes back out, since profit can be withdrawn only by bank transfer and that is the one channel carrying a fee.