To understand whether iFOREX is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- iFOREX is in the market since 1996.
What are the main advantages here?
- A huge advantage of iFOREX is a large educational hub, including 1 to 1 training.
Did you find any reasons not to work with this broker?
- We did not find any reason not to open an account to test this company.
Does iFOREX have swap-free (Islamic) accounts?
- Yes, HYCM is suitable for Arabic traders.
What is the minimum deposit amount?
- It is possible to start trading at $100.
What this broker regulated?
- Yes, iFOREX is regulated by several national authorities. The full list is available on their website.
Anything special about spreads and margin leverage?
- Conditions here are about the average.
|Avg rebate per lot||$0.00|
|Trading platform||Meta Trader 4|
|Minimum trade size||0.01|
Suspicious reviews that we found
The first month they grew up the account to 17,000 when i asked for money they told me to risk more, then the last day of next month i lost everything cero dollar, i think they i had never 17,000 pure bullshit, they make me to risk over the whole 17,000 and the lost it, they send me an email with more deposit, and that the war with ISIS was the cause, a pure SCAM don’t believe in them*
*The review was found on ForexPeaceArmy. Please remember that no one is responsible for your trading decisions except you. IF you decide to start trading, you accept the risk.
Really such a wonder full platform.
Enjoying with binary trade which opened earlier.
Expected 60Seconds Binary Trade
I opened a micro account with IForex, spreads are fuxed bit for me not competive, there are other brokers that offer better ones. Their trading conditions are not so good, the number of instruments is limited, I also did not enjoy their MT4 is too limited, few indicadors, and their support is limited to e-mails, due to the time difference it takes long to solve a problem.
The quality of the work is weak, communication is often just lost, the problem can not be solved. I opened the account here only because they are in the market for a long period. At the moment, I have open deals, to which through the platform I simply can not access.
My experience with iFOREX has been quite good. Their platform is working fine, the order is executed, no brakes. I am a news trader and I made good profit on news trading using my EA. Even I never got more than 3 pips spread on EUR/USD pair in news time.
This broker is one of my favorite. I opened an account with them last two weeks ago. From registering to setting up of my account was fast. The support who helped me is very courteous and professional. The platform was easy to navigate and the spreads are great. They have foxed spread and everything went smooth until now. I will update my review in future if anything goes wrong.
For all the time working at the broker, or rather about a year. There were also profits and such losses that the heart pissed off. However, all that I earned or lost was committed by me, the transfers were executed instantly or almost instantly (maximum 3-4 seconds), stops and takes work exactly, but did not see any problems with the servers at all.
If you’re a scalper, then there’s just heaven for you. Excellent speed, everything opens and closes instantly. With pairs, trade is also established, both with standard and exotic. In short, there is something to earn on)
Today i withdraw some of my total earnings after investment. In total i have already made three times more than it was. I came here as a trader and was satisfied. But i began to make good money when started investing. Satisfied. Company decent.
iFOREX is really good broker. Leverage 1:400 allows me to use a lot of trading strategies. They have two trading platforms FXnet-Trader and a web- version. Both are excellent. Lots of payment methods is really an advantage.
I’m having a lot of problems during trading with this broker. I once did not get a bonus, and often fail to make the process of withdrawal due to server and platform they use is always impaired and not up to date.
Good broker, withdrawals are fast. But the verification of documents is very slow and I found some requotes and slippage.