iforex Review

About iForex

Established in 1996, iFOREX is a subsidiary of the iFOREX Group and has grown into a global presence in the online trading world. With over 8 million clients from more than 100 countries, iFOREX executes around 35,000 transactions daily. The broker’s commitment to advanced technology and exceptional service has earned the satisfaction of both novice and experienced traders.

On the iFOREX platform, traders can access over 940 assets, including forex, commodities, indices, cryptocurrencies, and CFDs. The platform’s extensive educational materials help novice traders grasp the complexities of online trading. With more than 24 years of experience, iFOREX has a solid financial foundation and a business model that has been fine-tuned for success.

Is iFOREX Legit?

iFOREX is a legitimate and well-established forex and CFD broker with over 25 years of experience in the industry. It operates under strict regulatory oversight, including compliance with local financial authorities such as the Financial Supervisory Service in South Korea and other globally recognized entities. The broker is known for its robust security protocols, segregated client funds, and transparent operations. With a strong focus on customer education and a wide range of trading tools, iFOREX has earned a solid reputation as a reliable and trusted platform for traders worldwide.

iForex Regulations

iFOREX is operated by Formula Investment House Ltd., which is authorized and regulated by the British Virgin Islands Financial Services Commission (BVIFSC). This regulatory oversight ensures that client funds are held in segregated accounts, providing an extra layer of security. In addition, iFOREX offers negative balance protection, ensuring that clients cannot lose more than their initial deposit.

The iFOREX Group is in full compliance with regulatory requirements and has maintained a clean regulatory record since its inception. Traders can be assured that their funds are protected, and the platform’s top-tier security features provide peace of mind for users.

What can be traded at iForex?

iFOREX offers a wide selection of tradable assets, with over 943 options divided into six categories. The platform supports 83 currency pairs, 20 commodities, and 18 cryptocurrency crosses (with major cryptos like Bitcoin, Ethereum, and Litecoin). The broker also offers CFDs on indices and stocks, providing both retail and institutional traders with a wide array of choices. This variety ensures that traders can diversify their portfolios and take advantage of global market opportunities.

Platforms & Tools

iFOREX offers its proprietary web-based trading platform, designed to provide a seamless trading experience. The platform is highly intuitive and includes advanced features such as live charts, trading signals, an economic calendar, and customizable indicators. A mobile version is available for traders who prefer to trade on the go.

While iFOREX does not support automated or social trading, it is well-suited for manual traders who enjoy hands-on trading. The platform’s ease of use and wide array of tools make it ideal for both beginners and more seasoned traders.

Key Features

iFOREX offers an International Fixed Interest Account, which requires a minimum deposit of $1,000 and provides a 3.0% annual interest rate. Traders must maintain monthly trading activity to remain eligible. This feature, combined with regular trading signals, gives traders the tools they need to succeed.

The platform also provides access to global markets, including CFDs, forex, and commodities, all backed by cutting-edge technology designed to protect traders from account imbalances.

Educational Resources

iFOREX places a strong emphasis on trader education. The platform’s Education Center includes a variety of articles and videos covering both basic and advanced trading concepts. Traders can also access free PDF guides upon registration. One-on-one training sessions are available to help users sharpen their skills.

Two educational packages are available: the iFOREX Education Package and the iFOREX Pro Package. These offerings make iFOREX an ideal platform for beginners looking to improve their trading knowledge while benefiting from free trading signals.

Bonuses & Promotions

In addition to educational promotions, iFOREX offers a referral program that rewards up to $200 if a referred trader deposits at least $500. The bonus is granted after account verification and funding.

Deposits & Withdrawals

iFOREX supports a variety of payment methods, including bank wires, e-wallets, and credit/debit cards. Popular payment platforms such as CashU, Alipay, Neteller, PayPal, and Skrill are also supported. While iFOREX does not charge internal fees for transactions, bank wire withdrawals incur a $20 fee, and third-party fees may vary depending on the payment processor.

Customer Support

iFOREX’s customer service team is available Monday to Friday from 4:00 to 20:00 GMT via email, phone, and live chat. The support team is responsive and knowledgeable, providing assistance for any trading-related issues or questions.

Account

Opening an iFOREX account is straightforward. Users need to provide their name, email, and phone number to begin registration. As a regulated broker, iFOREX adheres to AML/KYC regulations, requiring a valid ID and proof of residency (not older than three months) to complete the process.

The registration process is quick, and iFOREX’s focus on simplicity ensures that even beginners can get started with ease.