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iFOREX — Forex Broker

  • Islamic accounts available
  • US traders are welcome

  See iFOREX reviews

5.4/10 (142 votes)
Company iFOREX
Founded in 1996
Online since 2004
Offices in British Virgin Islands
Payment options Credit/debit cards
Wire transfer
Demo platforms
  • FXnet (Limited with 14 days)
Account currencies Euro
Great Britain pound
Japanese yen
Swiss franc
United States dollar
Website available in Show website languagesHide
Support available in Show support languagesHide
Support methods Callback
Email
Live chat
Phone
Trading server time zone GMT

Account Types

Minimum account size $100
Minimum position size 0.025 lot
Spread type Fixed
Spread on EUR/USD, pips 1.3
Trading instruments
Forex 1:400
CFD 1:400
Trading platforms FXnet
Digits after the dot in quotes 4
Number of currency pairs (of which exotic) 58 (26)
  • Pending orders

  Open real account with iFOREX.

View contract specifications.

Reviews 

25 reviews of iFOREX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Sachin from India. Trading account #NA
Tuesday, February 21, 2012

I wont say they are Fraud or not . With my experience I am quoting some points

a) There spread is too high. If you do one trading they get a profit of $1 ( INR 50 )

b) We wont be able to Phone the support. They will tell that they will revert you soon ... But we will get a call after a Week

c) They wont teach you in Demo account.They will force you to do in Live account

d) Lot of hidden factors .

e) If they tell that they are offering you 15% Bonus mean, If you are trading for more than 1500000, only you will get that bonus. Mean while if thre is no minimum balance , that too wont get

  Monu from India.
Friday, November 25, 2011

Yeah, Fraud Fraud Fraud. Iforex is a fraud.

Dont invest a single panny.

  SUESHKUMAR from TAMILNADU.
Wednesday, September 28, 2011

iforex sales persaon are send message through the e-mail only conversation. they are not give the bonus as they mentioned.

There is clear response for members mail

  D. Poddar from New Delhi, India.
Tuesday, June 28, 2011

I think Iforex is not a fraud forex broker , After 1 year experience with Iforex . I know who miss comments about Iforex, they all are not experienced online forex trading. Actually iFore is not fraud broker, some people are loser, that’s why they miss comments about iforex. If I lose my equity , I should not miss comment about iforex. I should accept my unlucky or I am not experience sufficient online forex trading.

Thank you

D. Poddar

Media Profession

New Delhi

India

  Shibu from India .
Tuesday, June 14, 2011

Guys please remember that currency trading is a high risk trading nobody can assure your of profit no matter how experience one is. So there if any body says that you practice for some time then you can make money is all bull shit. The worlds best trader also will never promise you any return, Inspite of a very good past performance. Now about iforex please dont trade with companies from greece, cyprus,virgin island companies these are all buckting companies there bucket your money, its better one trades with US regulatory like the NFA, CFTC OR THE UK Regulatory the SFA.Cheers

  Azad Ali from India.
Saturday, June 4, 2011

Is iForex callcentre closed in India? bcoz, whenever i try to call their customer care no. (022-43515678)it says "..our office is close today due to bank holiday,.."......something wrong it seems..

  p bop from india.
Wednesday, May 11, 2011

i realy do not know whether a IFOREXcompany exits. i opened my account--with $100--promising all the feed back-they do not have direct contact --far many emails sent, request form dully filled sent --only propmotions are sent across.

it looks after so many days of waiting its a fraud company

  Sudipto from India.
Friday, April 29, 2011

@Szabo from Budapest:I do not know, how the service in Budapest but in India they are cheating people in the sense, they are not providing any help to the clients after depositing money, the spread (difference between sell and buy price) of EUR/USD on the homepage is 2 and when you log in to real account the spread is 5 in EUR/USD, do you call this cheating.They never reply to the emails except sending promotional offers.I have opened a real account with your iForex and they never updated my documents instead of sending them twice.I do not blame them for my losses because I have no experience at that time.

  Pradeep from India.
Monday, April 18, 2011

Thanks to all the useful reviews. I just thought of checking out the reviews on google before proceeding further after filling up the initial form and receiving the password.

The government authorities can track down the location with the help of the IP address they use for emailing. I suggest they should do so and protect the innocent citizens.

  Saanton from France.
Wednesday, April 13, 2011

After ten days of having paid 100 euros to open a demo account, the company's consultants wish that I spend in the real account. I try to make them understand that without experience it was too dangerous. Then a woman called Maya, suggested I leave iforex, because she did not have time to waste! My feeling is that iforex looking for people to easily take their money and pushed to the error. I advise you to remain vigilant and look elsewhere! Good luck

  Amit from Mumbai.
Saturday, March 19, 2011

Iforex is fraud company. If you ask to provide contact address they will tell we are based in Greece and we have call centre in Mumbai but they wont give any address proof in India. Becuase as per RBI rules FOREX trading is not legal in India. I do not know Why Forex trading companies operated in India. If you ask them whether Forex trading is legal they wont tell you. They will tell it is up to you. BEWARE OF OPENING ACCOUNT WITH SUCH TYPE OF companies. Even if you trap in any problem you wont get anything out of it. Because this is not legally established. Even if you do polish complained it does not work. NEVER EVER OPEN THE ACCOUNT WITH IFOREX. They are literally cheating the people. Me and my friends have very BAD experience. If you want to do forex trading go with www.fxcm. com, www.forex.com THEY ARE LISTED COMPANIES AND THEY WILL FILL UP APPLICATION FORM WITH PROPER DOCUMENTATION.

  Szabo from Budapest, Hungary + Toronto, Canada.
Wednesday, March 16, 2011

Dear fellow traders,

first and foremost, most of you have very limited experience with trading on fx markets. I personally work for the Budapest branch for Iforex and the sad fact of the matter is, for you beginners, that there are many successful clients and it's not because they are lucky, it's because they are experienced. Mr. HELMUT from SWEDEN......Mr. Ahmed works right next to me here in the office and FOR THE RECORD, he is Egyptian!!!!! He speaks 7 languages and I've yet to meet an colleague with an iota of Indian decent in him/her. Soooooooooo, to clarify for you ppl, we don't lie about our names, all of our convos are recorded and that is that!!!!! If one takes the time to practice, practice and guess what.....PRACTICE. They too can be quite successful. As for the person who wrote about losing their money or getting it cleared off her account, that is utter nonsense!!!! It's ppl like you who bless ppl with these ridiculous horror stories and actually get ppl to beieve this BS. Demo + training costs NOTHING seeing as you can ask for your money back within the demo period. The FX market is not for little amateures with 200eu to spare from the piggy bank or what they saved up from their allowances. Google IFOREX and check out a few more reviews......you owe it to yourselves. Just like practice........makes perfect!!!!!

  Pieter Dauw from Belgium.
Monday, March 14, 2011

I have nothing but good experiences with Iforex.I actually make a very good living every day just by investing on currencie changes with this broker.I dont use credit card but my bankaccount and after my withdrawels are approved I get my money on the same day.

So are you people who are having bad experiences sure you are talking about the same Broker.They exist since 1996,I work with them now for almost two years and never had problems with them.For the moment I make around 6000 euro every month just by using Iforex.com

  Sunshine from Chennai, India.
Tuesday, February 1, 2011

Thanks guys for the review.

This is what I got today in mail

Thank you for choosing iFOREX, your gateway to the international foreign exchange market.

As a new client we would like to enroll you in our unique training program.

Our program involves a personal session with one of our Forex specialists and will require

only 20 minutes of your time. The session will provide you with essential knowledge to

successfully enter the Forex market.

By enrolling in our training program, you will receive all the knowledge required to efficiently

manage your trading account while receiving a full explanation of our variety of tools that cater

to different skill levels.

For further information regarding the topics of our program see the enclosed.

On the 1.2.2011 you will receive your 1-to-1 personal training session

with one of our top instructors.

OK guys will update you all how it goes. I got a call as soon as I registered and I told him to call me tomorrow. Did my research. He was very keen to know "If I have a Credit Card available"

  Helmut from Sweden.
Monday, January 24, 2011

I was contacted day later by iForex employee, he claimed to be my personal trading couch, so as the conversation went on ... i found myself looking for my CCard, then it hit me. This is social engineering at it's finest... and it was beyond reasonable doubt that something is fishy, Ahmed calling me from Hungary, so as i know basic hungarian, i put his claims to test... as it would seem to me, they even lie about their name. No arabians have this distinct hindu accent, besides in background i heard a lot of indian language, which was another reason that made me think. Strangely enough i was asked to deposit money into iForex to open Demo account. I'll confront Ahmed tomorrow... being nice isnt enough to convience me.

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