Updated October 23, 2026

This iForex review covers a broker that has been running since 1996 and now lists more than 800 instruments. Leverage, fixed spreads, commodities, indices, shares and crypto CFDs all sit inside one account. Whether that breadth is worth the spread you pay for it is what this page works out.

Transparency is a genuine strength here. Charges and costs are spelled out in advance instead of hiding in a fee schedule you only find after funding.

iForex was one of the first global brokers to have introduced the mobile trading concept.

If you are still picking a broker, read on. By the end you should know whether iForex fits the way you actually trade.

Here are the pros and cons in short, before the detail:

Pros

Access to various trading instruments, including shares, ETFs, and more.

An extensive educational hub

Personalized trading tools and services

A proprietary web-based trading platform

Regulated and licensed by the international regulator BVI FSC

Offers multi-lingual support.

iForex lists over 800 financial instruments to date. That is enough to diversify without opening a second account.

Cons

• Fixed spreads with a minimum value of 2 pips

• Limited trading flexibility on the proprietary platform

iForex Review

Background and history

iForex is one of the oldest forex brokers, set up in 1996. By 2024 it had passed 8 million clients, trading CFDs and forex.

Its regulatory position is the part worth reading closely. iForex is regulated by the Cyprus Securities and Exchange Commission and by the British Virgin Islands Financial Services Commission.

A physical office opened in Dubai in 2023, giving the broker a local presence in the region.

iForex at a glance

Founded: 1996, with more than 8 million clients as of 2024.

Regulation: CySEC and the BVI FSC.

iForex pros and cons

Instruments: over 800, including 80+ forex pairs, commodities, indices, shares, crypto and ETF CFDs.

Platforms: proprietary web platform plus iOS and Android apps, no MetaTrader.

Leverage: up to 400:1.

Spreads: fixed, from 2 pips, zero commission.

Minimum deposit: $100 in the broker terms, $25 on the broker card, confirm for your region.

Deposit fee: none. Withdrawal fee: $20 flat on bank withdrawals, payment providers may add their own.

Deposit and withdrawal limits: none stated.

Inactivity fee: $15 per quarter after 12 months without activity.

Demo account: available, but only alongside a funded live account.

Islamic swap-free account: available on qualification.

Negative balance protection: yes. Fund insurance: not offered.

Support: round the clock, by email at support@iforex.co.uk, phone, live chat and remote assistance.

Withdrawal processing time: not published in our sources, confirm with support.

The signup process

The signup flow is short. Click the Register tab. Fill in your credentials and personal details. Hit Start now. You land on the profile page, and the welcome offer curated for you is already sitting there.

Most brokers verify you before anything else. iForex does not. You can fund first, by bank transfer, UPI, GlobePay or card. Crypto deposits work too, and the iForex wallet pairs with any supported crypto wallet.

After the deposit and the trading bonus, verification begins. Trading opens once it clears. Any government-recognised ID works for identity, and a utility bill or bank statement covers the address check.

iForex background and history

Overall, the signup flow is easy and doesn’t require any kind of handholding.

Platforms and interfaces

iForex Signup Process

As noted above, iForex pays a bonus for using the mobile app. The web interface is perfectly usable on its own. Still, the Android and iOS builds carry more functionality, and that is unusual enough to be worth saying.

iForex signup flow

Let us now analyze the traits of each interface:

iForex bonus

iForex documents upload

iForex deposit

The web interface

Customizable UI that can be tweaked based on your trading style

Quick access to tradable CFDs and forex

In-house proprietary solution

Packs tools like the economic calendar, live charts, and indicators

iOS app

iForex web interface

Access to 750+ instruments

Quick view of technical tools and signals

Fast app with the quickest possible order execution

It has a quick access section to view negative balance protection details

Android app

iForex ios apps

Built-in security measures

Real-time market insights

Straightforward access to leverage

Personalized dashboard

Quick customer support

Negative balance protection keeps the trading balance from dropping below zero. That holds regardless of an inactive account or rising overheads.

Features and offerings

iForex android app

Now for the offerings. These are the parts that separate iForex from a generic CFD shop:

Access to trading instruments

iForex is primarily a forex broker, but the instrument list runs much wider. The core is currency pairs traded as CFDs, over 80 of them, available round the clock. Because these are CFDs you can work with modest capital and take leverage up to 400:1. That number cuts both ways. It is the single largest risk on the platform, and it is the reason negative balance protection matters here more than it would elsewhere.

As for the top pairs available to trade, here is a list to get you started:

Commodities are tradable as CFDs as well. Here are some of the most traded ones with their rates:

Index CFDs are on the list too. They let you take a view on a stock index without buying it outright. Some of the tradable ones:

Shares work the same way, through CFDs. A few picks to consider:

• Crypto CFDs are available too, which is unusual for a forex-first broker. Even Wrapped Bitcoin is supported.

• ETF CFDs round out the list for anyone still after diversification. Leverage applies here as well. The education section covers the basics before you use it.

Here are some of the available picks:

Top-notch trading tools

Few online brokers hand you this many tools. Live market rates, a dedicated economic calendar for reading trends, live charts, indicators and expert guidance all come as standard.

The education hub is loaded. It covers the basics for newcomers and deeper material for traders with experience.

iForex currency pairs

There is a demo account too. One catch: it only activates if you already hold a real trading account.

iForex commodities

iForex index cfds

iForex live share price

iForex cfds

iForex etfs

Fee structure and limits

iForex top notch trading tools

Now the fees. iForex earns from CFD spreads on every instrument, and those start at two pips. Commission is zero, as with most forex brokers. That means the spread is the entire cost of entry, and on a two-pip fixed spread a scalping approach stops working before it starts.

iForex website tools

Other overheads exist. A $15 inactivity fee lands every quarter once the account has sat idle for more than 12 months.

iForex educational hub

Deposits are free. Withdrawals are not always. Visa, Neteller, Skrill and other providers may charge a fee of their own, and a standard bank withdrawal costs a flat $20.

iForex demo account

An Islamic swap-free trading account is available if you qualify.

There are no maximum deposit or withdrawal limits at iForex. The minimum deposit is stated as $100. The card at the top of this page shows $25. Confirm the figure for your region before funding, because it varies by country and payment method.

Security and customer support

Security deserves a look before any platform sees your money. On iForex the main measures are:

• Advanced encryption standard to protect user data

• Adherence to regulatory standards

iForex payment methods

A separate “Risk Warning” section

Fingerprint or biometric locking support for apps

Negative balance protection

iForex does not insure client funds. It does run solid cybersecurity, SSL encryption included.

Support is prompt and runs through several channels:

• Round-the-clock availability

• Email-based access at support@iforex.co.uk

• Telephonic service

• Remote assistance support with the iForex team taking over the PC to help you set up a few things

• Prompt live chat functionality

• Multi-lingual support

iForex has a positive presence on Trustpilot: 60% of users rate the customer service at four or five stars.

Who should onboard iForex?

iForex security and customer support

iForex makes most sense for a trader who wants breadth in one account. Forex, commodities, indices, shares, crypto and ETF CFDs sit together. The education section is serious and the proprietary platform is capable.

It makes least sense if cost is your main filter. Fixed spreads from two pips are wide by current standards. There is no MetaTrader. A $15 quarterly inactivity fee punishes anyone who trades in bursts, so scalpers and high-frequency traders should look elsewhere.

Before you commit, compare brokers on spread, platform and withdrawal costs rather than on the size of the welcome bonus. On a fixed two-pip spread the cost difference shows up in every single trade, and it compounds far faster than any one-off bonus. Our broker reviews are grouped by country. Reviewed and updated: August 2026.

iForex languages

iForex livechat support

iForex trustpilot

FAQ

What is iForex?

A forex and CFD broker founded in 1996, with more than 8 million clients as of 2024 and over 800 tradable instruments. It runs its own web platform plus iOS and Android apps, and it was one of the first global brokers to push mobile trading.

Is iForex safe and regulated?

It is regulated by the Cyprus Securities and Exchange Commission and by the British Virgin Islands Financial Services Commission. Client data is protected with SSL and biometric app locking, and negative balance protection means the account cannot go below zero. Client funds are not insured.

What is the minimum deposit at iForex?

The broker terms state $100. The card at the top of this page shows $25, and the two do not agree, so check the current figure for your country before funding. There is no maximum deposit or withdrawal limit.

How long does a withdrawal take at iForex?

Processing times are not published in the sources behind this review, so ask support before you plan around one. What is known: deposits are free, bank withdrawals carry a flat $20 fee, and providers such as Visa, Neteller or Skrill may add a charge of their own.

What does trading on iForex cost?

There is no commission. The cost sits entirely in the fixed spread, which starts at two pips on any instrument. Add the $15 quarterly inactivity fee after twelve dormant months. For an occasional trader that fee alone can outweigh the spread savings elsewhere.