iforex.com shortly

iFOREX is a trademark owned by the iFOREX Group, which also owns the Vestle brand, a European subsidiary of the iFOREX Group. The iforex.com website is owned and operated by Formula Investment House Ltd., which is licensed by the Financial Services Commission (FSC) of the British Virgin Islands (BVI). The company was established in 1996 and offers online trading with more than 750 financial instruments in the following asset classes: currency pairs, commodities, indices, cryptocurrencies, and shares through its own terminal called iFOREX. The leverage can be up to 1:400 and you can start trading by investing USD 100.


It is a good point to check the company’s regulations. The company that operates under the brand name “iFOREX” is Formula Investment House Ltd., which is licensed and supervised by the British Virgin Islands’ Financial Services Commission (BVI FSC) under license number SIBA/l/13/1060. Keep in mind that offshore companies are not as tightly controlled as European ones, for example. However, Vestle, which is the other brand of iFOREX, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 143/11.

Account Types

The website does not provide information on the types of accounts offered. The “Opening an Account” article from the FAQ section informs that iFOREX offers traders a variety of accounts designed to suit the individual’s needs. However, you should contact their customer service for more information.

What Type of Broker the Company Is

The “Order Execution Policy” file informs that the company acts as a principal to the customer’s trades and iFOREX is therefore the sole execution venue for trades executed by it for the customer. The company is always the counterparty to every customer transaction. This means that iFOREX is a market maker and being a market maker involves a conflict of interest because when the company executes orders, it keeps the risk to itself. Every loss for customers is a profit for the company.

It is also written that usually stop loss orders are executed as requested. However, under certain trading conditions, for example, and with no limitations, at times of rapid price changes and/or at the opening of trading sessions, it may not be possible to execute such orders at the price requested by the customer. In this case, the company has the right to fulfill the order at the first available price. This means that stop loss orders are not guaranteed and will be filled at the first available market price. In addition, all other types of orders are subject to slippage.

The same document explains that all clients are covered by the Negative Balance Protection policy, which guarantees that in any event the customer will not lose more than its deposit amount.


In addition to usual fees there also is an inactivity fee. You will be charged a USD 15 inactivity fee each quarter if you have not traded in the last 12 Months.

Deposits and Withdrawals

Deposits can be accomplished by bank transfer, credit/debit cards, or by e-wallets such as Neteller and Skrill. The company claims it does not charge any commission, but your transfer providers will probably do so. Withdrawals can be made in the same ways as deposits. You must fill in the withdrawal request fields from the My Account tab. iFOREX refunds the money back to the card/s you initially deposited with. Any additional funds you (profits), will be wired back to a bank account of your choice that is in your name. The company warns that back charges of up to USD 20 may be applied and deducted from the withdrawals wired to your bank account.

Trading Platforms

The company offers a proprietary web-based trading platform, designed for both desktop and mobile devices. It has been developed for more than 25 years, iFOREX claims. The terminal is equipped with an economic calendar and trading signals and offers advanced charts and technical indicators. It is intuitive, user friendly and can be easily customized. The company also offers users the opportunity to trade on their mobile phone through its own developed mobile application called iFOREX. The app is free to download and is compatible with both iOS and Android devices. It is easy to navigate and offers all the features and tools available on the web platform.


You can trade hundreds of CFDs on currency pairs, shares, indices, commodities, and cryptocurrencies.

Currency pairs – 88 major, minor, and exotic currency pairs can be traded. The spread for the EUR/USD pair starts from 1.1 pips and the leverage can be up to 1:400.

Indices – You can trade 34 of the major and minor global indices, such as DAX40 and US30. The minimum spread for DAX40 starts at 3.7 points and the one for US 30 starts from 5.2 points.

Commodities – You can trade 19 of the most traded commodities including precious metals. The minimum spread for Gold starts at USD 0.62 and for Oil is USD0.13.

Shares – over 600 CFDs on shares of global companies from all over the world. The minimum spread for shares of Apple Inc is USD 0.24.

Cryptocurrencies – You can trade CFDs on 45 cryptocurrencies. The minimum spread for Bitcoin is USD 115.


iFOREX is regulated and licensed in the British Virgin Islands and you will deal with an offshore company. It acts as a market maker, so the general conflict of interest exists. You can trade currency pairs, commodities, indices, shares, and cryptocurrencies through its own platform called iFOREX. You need to contact the company’s customer support team to find out which of the types of accounts offered is right for you. You can deposit by bank transfer, debit/credit cards, and e-wallets. A real account can be opened with an investment of USD 100.



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