In this iForex Review, we are going to take a look at the offer that this broker prepared for its traders. iForex is regulated by the CySEC in Cyprus. iForex operates on the financial market since 1996. When it comes to trading platforms, the broker features WebTrader. The iForex minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDsYou should consider whether you can afford to take the high risk of losing your money
Basic information from this iForex Review
| Website address: | iforex.com (.in, .hu) |
| Operated by: | Formula Investment House Ltd. |
| Licensed and authorised by regulatory bodies: | CySec BVI FSC |
| Supported languages: | English and Spanish |
| Customer support available via: | |
| Contact details: | [emailprotected] +30-210-374-2599 |
| Available deposit methods: | Bank transfer, VISA, MasterCard |
| Available withdrawal methods: | Bank transfer, VISA, MasterCard |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.015< |
| Spreads: | Minimal spread on the currency pair EUR/USD - 1,8 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (80), cryptocurrencies (15) |
| Mobile app: |  |
| MetaTrader4: |  |
| Other trading platforms: | WebTrader |
| 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 |
| Social trading: | |
iForex Fees (minimal spreads)
We have scanned fees (minimal spreads) that iForex charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,8* | * | * | 2,1* | 2,1* |
*Minimal spreads were recorded on 17.01.2020 at 21:18 for the standard account. iForex spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: WForex, InMarketFX, TheTradersDomain and NAGAMarkets.eu
Frequently Asked Questions
🧐 Is iForex a Scam?
iForex is a broker licensed and regulated by the CySec and BVI FSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that iForex is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the iForex minimum deposit?
In order to start trading with iForex, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods iForex supports?
iForex allows funding your account via Bank transfer, VISA, MasterCard.
⚖️ Would you recommend me choosing iForex?
We don’t have our own personal experience with iForex. However, because the broker is regulated by the CySec and BVI FSC, there is a high chance that it is not a scam. With that being said, it still does not mean that iForex is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDsYou should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
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In order to start trading with iForex, you have to deposit at least 100 USD.
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We donu2019t have our own personal experience with iForex. However, because the broker is regulated by the CySec and BVI FSC, there is a high chance that it is not a scam. With that being said, it still does not mean that iForex is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro[endUrlEtoro], which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
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