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iFOREX — Forex Broker

  • Islamic accounts available
  • US traders are welcome

  See iFOREX reviews

3.7/10 (10 qualified reviews)
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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
Currency pairs Show currency pairsHide
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 

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

 Iqbal from Indonesia.
Friday, April 26, 2013

i was join iforex for more than 4 months, and so far it running so well.. no fraud no scam, withdrawing is fine nothings wrong, if one of you lost your money because you didn't use a stop loss, don't blame anyone.. just blame your self, because you take responsibilities of your own money.. if they suggest you to make another deposit, it's your decision, you have to manage your own money!! and if one of you feel have been cheated by iforex because you have deposit in a big amount and loss it all in trading then you blame iforex, it's so silly!! because that is your responsibility too

  Davidraj from Mumbai,India.
Sunday, March 17, 2013

2 days before a exceutive from iforex called me and explained more about forex trade and he convinced me to open an account and deposit 100usd as soon as the account opened he stopped contact with me and i was very new for this trading

IF ANY OF YOU KNOW WHERE THIS IFOREX OFFICES IN MUMBAI PLS CALL ME OR MESSAGE ME THEIR ADDRESS ON 9969413668

  Rajiv from India. Trading account #1XXXXXXXXX5
Tuesday, February 12, 2013

The most idiotic thing i would say about I-forex is There office is in Mumbai and they say they are calling from Greece. Assholes...

I cought the person redhanded in Mumbai... :):)

This made me feel they are cheaters.

  Anusree Barat from India.
Wednesday, December 5, 2012

iForex is a fraud. Please do not invest a single penny.

  Salita from India.
Wednesday, August 22, 2012

Worst experience. unqualified cheats, scoundrels. DEFINITELY A FRAUD

  BSV Prasad from India. Trading account #nXl
Sunday, August 5, 2012

Hi I am a senior professional from india; I do not know how i got into this scam, I JUST THOUGHT OF trying by filling in the details;I got a call from a south indian guy who asked me to deposit 100$ thro' credit card; i did so immeadiately; I was told that some executive will call soon; i received a call from One Mr. Samudu, a srilankan from greece; he asked me to deposit 1000$ to get bonus and also immediate profit; i am always careful, but do not know how I got into trap; I made another 1000 $ thro; credit card; He asked me to start the trade in EUR/US$ and asked me to keep it open till he advises; I saw the money losing and sent mails; the reply i got was to have patience, I lost 230 $ in first trade; the trade was done without stoploss, ; A Indain lady , susan Thomas asked me to send the ID card & Credit card details; I told het that unless i get into profit, I will not send details; Therefater the Srilankan made me to trade in Gold & silver; I said i will trade with minimum profit till I recover the loss; I recovered some loss; But last week the same guy asked me to open two trades simultaneously in Gold & silver buy posItions with 10 & 15 $ profit, without stoploss;

I was warning the guy whether i should stop the trade with loss; but he assured me that there will be profit and patience is required; the next day, i found the entire money is vanished ; I made SEVERAL COMPLAINTS TO THEM STATING IT IS ILLEGAL TO START ANY TRADING ACCOUNT WITHOUT GETTING PERSONAL DETAILS ENDORSED AS PER FOREX LAWS AND HOW THE GUY MR.SAMUDU ASKED ME TO TRADE WITHOUT STOPLOSS; I AM VEY SERIOUS AND HOW TO STOP INNOCENT iNDIAN PUBLIC TO STOP TRADING WITH THEM & STOP THEIR ADVT STATING SOME GUYS MADE 750$ PROFIT IN ONE TRADE /ONE WEEK ETC;i WANT TO TAKE UP THE ISSUE WITH CONSUMER FORUM; i WANT TO FIGHT THE CASE ; i REQUEST ALL WHO HAVE LOST MONEY TO COME FORWARD AND FIGHT UNITEDLY; pUBLIC LIKE US ARE FALLING PREY TO FALSE ADVTS

LET US FIGHT TOGETHER AND PROTECT THE PUBLIC;

THANK YOU

  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.

Visit iFOREX website. 

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