Score
Cyprus
|
10-15 years
| https://www.iforex.eu
Website
Rating Index
Influence
A
Influence index NO.1
India 8.01
Licenses
Single Core
1G
40G
1M*ADSL
Cyprus
Dominica
iforex.es iforex.it iforex.fr iforex.mx iforex.eu
iforex.jpn.com
VIP is not activated.
| iFOREX Review Summary | |
| Registered On | 10-15 years |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | CFDs on stocks, crypto, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Spread | / |
| Trading Platform | iFOREX Europe (Web-based and Mobile) |
| Min Deposit | / |
| Customer Support | +357-252-04694 |
| Fax: +357-252-04607 | |
| YouTube, Facebook, Twitter, LinkedIn | |
| Corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus. | |
iFOREX Europe, operated by iCFD Limited, is a regulated investment firm offering a wide range of trading services. Licensed by the Cyprus Securities and Exchange Commission (CySEC), iFOREX Europe provides a secure and compliant trading environment for its clients. It offers 24/7 real-time trading, enabling investors to engage in Contract for Difference (CFD) trading across multiple asset classes such as stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. Additionally, iFOREX Europe supports traders with educational resources, including video tutorials, one-on-one training, and multilingual customer support.
| Pros | Cons |
| Regulated | Unclear Fee information |
| Over 750 CFD assets available | No account information |
| Leverage of up to 1:30 |
As a regulated entity, iFOREX Europe adheres to strict compliance standards, ensuring the safety of investor funds and providing transparency in its operations. The company holds CySEC license number 143/11 and is authorized to provide trading services in various financial instruments, including CFDs. This regulatory oversight ensures that iFOREX Europe meets high standards for the protection of investor funds and the fair treatment of clients. Additionally, CySEC regulations require iFOREX Europe to maintain segregated client accounts, providing an added layer of security to ensure the safety of client deposits. iFOREX Europe complies with the EU's MiFID II (Markets in Financial Instruments Directive), further demonstrating its commitment to protecting clients' interests and offering a secure trading environment.
iFOREX Europe markets offers a broad selection of trading instruments, primarily focusing on CFDs (Contract for Differences) across various asset classes. Investors can trade a wide range of markets, including stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. This diversity allows traders to diversify their portfolios and access different market opportunities globally. The platform also supports indices and ETFs, allowing investors to trade on global market movements. iFOREX Europe's broad selection of financial instruments caters to both beginners and experienced traders, offering flexibility and variety to match different trading strategies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
iFOREX Europe offers leverage of up to 1:30 on its platform, allowing traders to control larger positions with a smaller capital investment. While leverage can enhance potential profits, it also increases the risk of losses. Traders must fully understand the risks associated with leveraging their trades and use it responsibly.
iFOREX Europe trading platform offers two primary trading platforms: a web-based platform and a mobile app. The web-based platform, FXnet, is custom-built and designed to meet the needs of traders, incorporating feedback from users to improve functionality. FXnet is accessible from any internet-enabled device, providing flexibility for traders who prefer to use a desktop setup. Additionally, iFOREX Europe offers a mobile app that can be downloaded for free on both the App Store and Google Play, allowing traders to manage their accounts and execute trades on the go. The mobile app offers many of the same features as the web-based platform, enabling seamless trading across devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| iFOREX Europe | ✔ | Web-based and Mobile | / |
iFOREX Europe offers a variety of deposit and withdrawal methods to accommodate traders from different regions. Accepted payment methods include bank wire transfers, credit/debit cards, and e-wallets such as PayPal. The platform aims to provide a smooth and efficient transaction process, with processing times varying depending on the payment method and the region. For instance, credit and debit card deposits are typically processed instantly, while bank wire transfers may take several business days to complete. Withdrawals are processed based on the same methods, with the time required depending on the chosen payment method. Generally, credit card withdrawals are processed within a few business days, while e-wallet transactions may take 1-2 days.
Anyone considering entering the forex market often faces a common dilemma: Which broker should they choose? When you compare brokers, there are a few important things to keep in mind:
A well-known renowned broker, iFOREX introduced a new artificial intelligence tool to improve users' trading experiences. This innovative artificial intelligence assistant is now available on the iFOREX website, providing traders with rapid responses to their questions about trading with this respected broker.
iFOREX is a trademark owned by an entity in the iFOREX Group. iFOREX was founded in 1996 and is one of respected brokers in the industry. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with license number 143/11.
iFOREX has updated and optimized its branded website and trading platform with several new features and products, including daily analysis videos, Trading Expert live, and a variety of non-leveraged trading tools.
iFOREX Group, a leading worldwide financial services company, has rebranded its Vestle contract for difference (CFD) brokerage brand in Cyprus to iFOREX Europe.
iFOREX Europe offers leverage of up to 1:30. From my perspective, this is a reasonable amount of leverage, as it allows me to control larger positions while keeping my risk manageable. I prefer brokers that provide leverage, but I always use it cautiously to ensure I don’t overexpose myself to risk.
iFOREX Europe offers various withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets like PayPal. From my understanding, processing times may vary, but typically, e-wallet withdrawals are faster. I’d personally prefer using e-wallets for quicker processing times, which can be up to 1 business day.
As iFOREX Europe is regulated by CySEC, my funds are protected according to European Union regulations. For example, client funds are kept separate from company funds, which adds an extra layer of security for me. However, regulation does not guarantee complete safety, so I always recommend reading through iFOREX Europe review to understand how other traders feel about their services.
The major downside for me is the lack of transparency regarding their fee structure. I find that unclear fee information can be a potential red flag, especially when trading with high volumes. Additionally, there’s no clear account information available, which can be frustrating. I’d prefer more clarity in these areas before committing to trading.
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FX4229852634
Egypt
Account 6592080 Where an amount of $520 was deducted from the account in the negative And this amount was deposited from another card after the approval of Mr. Fadi that I make the deposit with another bank card and I obtained his approval for that I traded and lost, deposited and lost, deposited and gained, and withdrew several times, as I deposited the amount of $520 multiple times I was surprised one day that the account was suspended and there is a negative amount of $520 and I cannot trade So I spoke to Mr. Fadi, who doesn't understand anything in his job, and he told me that there is no problem and when I make a deposit, the account ban will be lifted and I can trade on the same day and cancel everything that is on it, which is a negative amount of -520$ And indeed, I deposited a small amount of $59 and I was surprised that $59 was deducted from the amount of $520, leaving a negative amount of $461. Thus, the deposit amount of $59 was deducted from the original amount of $520. I contacted Mr. Fadi and he informed me that the amount of $520 was refunded by the bank through which the deposit was made So how does this happen and how am I being accounted for retroactively on an amount that has been traded on, withdrawn from, and lost from? And the company's terms and policies state that this cannot be done.
Exposure
Paula1058
Uruguay
They won't let me withdraw. It is not resolved. I still don't receive anything.
Exposure
Paula1058
Uruguay
300,000 Uruguayan pesos
Exposure
JavierMaldonado
Spain
You might forgive my lack of knowledge, but I think that cost of iforex forex pairs, is totally acceptable. Just take a look at my favorite pair EUR/USD, 1.1 pips at minimum.
Positive
Paolo Caputo
Italy
Nice to know that it's not only for beginners, advanced can learn here as well! A lof of different articles with photos to get a better picture and undertsanding.
Positive
DiogoPereira
Portugal
I remember trading here for a while and I was happy with my moneys safety. It’s not really a capital friendly platform but when you get a grip on the workings you get value for your money.
Positive
LarsSchneider
Germany
I understand that trading is a risky activity, especially when you're not experienced and want to deal with an unpredictable crypto market. IFOREX has a good choice crypto assets and spreads seem to be fair, matching with cryptomarket bursts. Though, I think trading platform options should be wider, for example, the popular among traders metatrader, on which actually I learned to trade.
Neutral
IvanPetrov
Bulgaria
It is always good when companies put an effort into creating their own trading platforms. I downloaded the platform from iforex and refilled account with Visa. Variety of tools and you can see live rates right on the website. Still, I am generally cautious when there is something offered as an investment opportunity. Will stick to the trading itself.
Positive
YashKadakia
India
dunno why but iforex for me is associated with harmony and stability. harmony is in everything out here, it concerns the number of assets as they are kinda balanced in terms of risk level and so on, there are those assets that can be traded with almsot zero risks because of low volatility, at the same time, cryptos are here 😏😏😏 apart from that, it's a stable broker as they've been in the bizz for a long period, several decades in a row without any breaks + overcoming dozens of crisises. i reckon... iforex can be already canonized as the most time-proven firm!!
Positive
FelixKuhn
Germany
I wasn’t sure about the AI assistant but it is really helpful but also lags.
Neutral
LuisGómez411
Mexico
So nice to see iForex becoming partners with one of the most famous football clubs in the world and gaining so much acknowledgement. So many years in the market, this company remains as one of the most trusted and solid brokers, still going strong.
Positive
FX3003379724
South Africa
I started to trade on the real account right away and everything is fine. Quotes are real, number of assets is enough for me and execution is fast. Got no complaints.
Positive