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.