Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from iForex review
About the broker
| Web: | https://iforex.com (.in, .hu) |
| License: | CySec BVI FSC |
| Supported languages: | Czech, English, Spanish, Hungarian and Russian |
| Year of foundation: | 1996 |
| Holder: | Formula Investment House Ltd. |
| Headquarters: | 1 Wickham’s Cay, Road Town, Tortola, BVI VG1110, Virgin Islands, British |
| Methods of contacting customer support: | |
| Contact: | info@iforex.com +30-210-374-2599 |
| Deposit methods: | Bank transfer, VISA, MasterCard |
| Withdrawal methods: | Bank transfer, VISA, MasterCard |
About trading with iForex
| Minimum deposit: | 100 USD |
| Min. trade: | 0.015< |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Spreads: | Look at the spread table - minimal spread on the currency pair EUR/USD is 1.8 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (80), cryptocurrencies (15) |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | WebTrader |
| Social trading: | |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at iForex, of course you can find current info on their website https://iforex.com (.in, .hu).
Minimal spreads at iForex on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.8 | 2.1 | 2.1 |
* Spread was taken 17.01.2020 at 21:18 from the web or trading platform of iForex.
Random reviews of competing CFD brokers: CMTrading, PureMarketBroker, AnzoCapital and Ice-FX
Frequently Asked Questions
🧐 Is iForex a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if iForex is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with iForex is very simple, just register on their website.
📱 Does iForex offer the best mobile app for trading?
iForex offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the iForex mobile app.
⚖️ Would you recommend me iForex?
iForex is one of tens (possibly hundreds) of brokers operating in the European Union, and that's why it makes no sense to choose iForex as a broker where you trade before you compare it with competitors.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 |  | 10 USD | 0,9 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of Iux. | MT5, IUX Trade App, IUX WebTerminal | ASIC, FSCA, FSC MU | iux.com review EUR/USD*: 0,9 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of Iux. |
 | | 100 USD | 1.0 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 30.01.2026 at 11:12 from the web or trading platform of XTB. 75% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 50% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with iForex, please share it in the comments to help others to choose the suitable broker.
what makes iforex broke so special
– reputation
they have been here for like 3 decades or something, important thing for choosing your broker
– features
they have a decent welcome package for beginners with acces to lessons and 1on1 talk with the representative
– costs
trading costs are low and that keeps them popular among people
This broker is older than me 🙂 didn’t know that trading was a thing back than in 1996
I open their website and explored the trading terms. Register a demo account quickly and it was fast as expected. The demo replicates the trading terms of their only account type available for all, which are pretty good at first sight. Very thin spreads
Agree with the broker, we like gold trading:D Good trading costs and educational resources there.
I’ll just keep tarding XAAUSD on the iforex app, this is the easiest asset for trading if you’re new to trading.
Predictable enough, and it moves quite fastly, no flat modes, swinging 3-5% in a day 🙂
All you gotta do is look up some years, because seeing that 25+ years was enough for me. I know this sphere well to understand that to survive this long and be in the market – you need a right vision and need to put customers first. They have low spreads still after all these years, though I think the platform could be updated. Anyways, thats a credible broker for sure, time is the hardest test
The website’s easy navigation and information content made it easy for me to choose that I would want to be here a bit longer… The features are very functional.
Sick platform, what can i say. The costs are Okayy but the enviroemnt is what makes iforex worth it
They have around 1000 cfd assets, the range is wideee. Like who even trades something other than major assets LOL. Joking of course, that vast number is helpful for diversification of portfolio.
I’d give them a credit for timely execution of orders and payment. On this matter they don’t have many problems and complaints for me- The major thing is the platform and why they keep the interface like we’re from the 2000s. I know the broker is old but STILL adding at least MT5 WOULD be a good help- It’s like it’s not possible to trade like I normally do. Just design and in general charts, meh
they’ve got ai trading down for sure. I’m experienced, and t still find it helpful, trading ai companies as CFDs with iForex. Some of them move by 30-50% in a day now, dont even have to have high lev
Ngl regulation made me understand they legit,but the year of foundation just cleared everything more
Almost 30 years of running the business in the trading industry tell us something about iForex broker. However, they’re not offering all the services, I’d like to see copy trading or PAMM accounts.imo
My payment was processed the same day, I got the money quick too because it was e-wallet skrill.🤗
Spreads were tighter than usual and I remember how other brokers couldn’t offer such conditions, so they stood out to me among many others. As a scalper I pay serious attention to this.
well, idk, not so extensive, analysis… i ve just read their edu materials, high quality to me
Using a demo account was handy, I learned how to use a mobile app more smoothly. However, I have a feeling that they could add more advanced technical indicators. U_U
to start in their platform its different because not one fixed platform and all controls tehre. but open platform when I click on asset plus there is extra info there too, interesting approach🤔 I not used to this so idk for now not so much comfortable. but spreads and cost like when I pay swap is okay because its affordable.
iForex broker created a mobile app and it’s good for us because it’s so convenient to trade on the forex market with a modern interface. Currently focused only on the bul;lish trend on EURUSD.
Top non-leveraged instruments there. Thats the thing – you dont have to trade with leverage here. I just buy stocks and hold, and since stocks doubled in price in 6 months, I’m in good profit.
Existing since 1996 sounds quite unbelievable… it was critical for me to find a reliable broker.
There’s only one thing I have to say about the rating – NICEE
But the spreads are lower than they mention here. Definitely lower than 1.8 pips on eurusd
I watch the instruction/ tutorials videos thinking they’d help but honestly still not sure if iForex legit or just knows how to talk smart without saying much.