iFOREX Europe licences

Yes. iFOREX Europe offers a demo account funded with 5,000 US dollars in virtual money, on the same proprietary platform a live account uses. The broker publishes it on its own demo account page.

iFOREX Europe offers contracts for difference rather than the underlying assets, across currencies, commodities, shares, indices, ETFs and cryptocurrencies. Its instrument list runs to 77 currency pairs, 817 CFDs and 66 cryptocurrency instruments. The broker publishes a margin percentage and a maximum exposure for each instrument on its pricing page.

The broker estimates up to 10 business days for a withdrawal back to a card and three to five business days for a bank wire, and says that both figures are estimates only. Money returns by the route it arrived by: deposited funds go back to the method and remitter used to fund the account, while profit is paid only to a bank account in the client's own name.

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 own charges on top. The other charge is for dormancy. An account with no trading activity for twelve consecutive months is classed as inactive and is then charged a maintenance fee of 15 US dollars each quarter, or the account's entire remaining equity where that is less than 15 US dollars, so a small forgotten balance can be consumed by the fee itself.

There is no commission on any instrument class: 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 also pays overnight financing, with a currency pair mark up that starts at 0.75 per cent and can differ between long and short positions.

iFOREX Europe publishes no minimum deposit. Its client agreement says an account may be funded without a minimum deposit threshold, its pricing page prints a minimum deposit label with no figure under it, and its own FAQ says the applicable minimum becomes visible after registration and varies by region and payment method. The figure that applies to a particular client is therefore not visible before an account is opened.

iFOREX Europe is operated by ICFD Ltd, a Cyprus company based in Limassol, and that is the company a client contracts with. It 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. The brand is older than the Cyprus company: the broker dates iFOREX to 1996, and clients outside the European Economic Area are served by other companies in the same group.

iFOREX Europe is the iFOREX group's European company and onboards clients in the European Economic Area: its own payment pages cover 41 countries and territories, from the main EEA markets to the French overseas territories. Clients outside that region are served by other companies in the group, through separate websites and on different terms, so an iFOREX Europe account is not the route in from outside Europe. The broker shows the methods and terms that apply to a client's own country during registration.

Deposits are made by card (Visa, Mastercard, Maestro and Apple Pay), by PayPal, by bank wire, and in two countries by a local bank method: iDEAL in the Netherlands and blik in Poland. The list available to a particular client depends on their country. Withdrawals return to the method and the remitter used to fund the account, and profit can be paid only to a bank account in the client's own name, which makes bank wire the route for taking profit out. The broker charges nothing on deposits or withdrawals except on an international wire withdrawal, which it prices at up to 20 US dollars.

iFOREX Europe offers only its own software: a proprietary web platform, which its help centre calls FXnet and which clients reach through the login link on every page of the site, and a proprietary mobile application for smartphones. There is no MetaTrader 4, MetaTrader 5 or cTrader. Anyone planning to bring an existing terminal, chart template or automated strategy should know that none of those can be used here.

Yes. ICFD Ltd, the company behind iFOREX Europe, holds licence number 143/11 from the Cyprus Securities and Exchange Commission, confirmed on the authority's own register of Cypriot investment firms on 15 October 2026, with iFOREX Europe recorded as an approved trade name and www.iforex.eu among the firm's approved domains. The protections that go with it are a retail leverage cap of 1:30, investor compensation cover for eligible claims up to 20,000 euros, and a floor of zero on account equity the broker commits to in writing: clause 13.7 of its client agreement states that a client's equity will never fall below zero and that the company waives its right to the balance. A separate British Virgin Islands licence that appears alongside this brand is held by Formula Investment House Ltd, the group's non European company, and does not cover clients of iFOREX Europe.