iFOREX Broker Review

iCFD Ltd was established in 2011 as part of iFOREX Group which was founded in 1996. iForex was formed by a group of bankers and Forex dealers and has since carved a name for itself as an industry leader. iForex offers extensive educational material for new traders, comprehensive platforms, and an excellent customer service team. Each unique learning guide is easy-to-read and is very applicable for traders from every single experience level. Additionally, they provide users with video lessons and free one-on-one personal training.

Tradeable Assets

iFOREX offers the following tradeable assets including CFDs on Equities, commodities, gold, and indices (Facebook, Apple, Crude Oil, Dow Jones, Nikkei, etc.)

Account Types

There are four different trading accounts available: Interest-Free Account (Islamic Account), Premium Account, Protected Account, and Standard Account

The protected account includes a 14-day trial trading account– very similar to a demo account – however, a {currency}100 deposit is required to access this feature. There is full compensation for losses beyond the $100 traded, and any profits earned during the trial period is yours to keep.

Type of Broker

Market Maker or dealing desk broker (DD)

Regulation

 iCFD Ltd with the trading name iFOREX, is the newest member of iFOREX Group founded in 1996. iCFD which is regulated by CySEC,  has been operating in the European market since 2011. 

Developed by leading experts, iForex’s confidentiality, internal safety, and information security programs have been developed by leading experts according to international rules and standards. iForex uses reliable and secure methods to protect clients funds in force-majeure circumstances. Clients can opt to open a segregated account which allows clients to keep their money separated from company’s funds.

Platforms

iFOREX provides traders with three tradable platforms that are customizable to meet your personal needs and level of trading experience. All three platforms offer optimal trading functionality with both live and historical data on your account balance and open positions.

Mobile Platform

• Swiftly place trades and monitor your positions
• Complete access to wallet, equity, balance sheets, and margin details
• Execution gestures including new Swipe-to-Close
• Customizable layout for ease of use

FXnet Trader

• One-click deal opening
• Customized View
• Full Single Screen Function
• Microsoft.NET technology
• Advanced integrated charts

Web-Based Platform

• Standard Browser Access
• Firewall Access Management
• 128-bit secure SSL environment

Deposits Options

There are many ways to deposit with iFOREX including Bank Wire, Credit Cards, Debit Cards, PayPal, Skrill and a selection of leading eWallets

Withdrawal Methods

To request a withdrawal, you must fill out an online withdrawal form.

Customer Support

Customer support can be contacted 24/5 via email, toll-free telephone numbers, and chat.
A direct fax line is available to their Cypriot headquarters.

Languages

There are a large number of languages supported on the website including English, Italian, Spanish, German, French, Portuguese, Dutch, Polish and more.

Address

iCFD Limited 
Corner of Agiou Andreou & Venizelou Streets,
Vashiotos Agiou Andreou Building, Second Floor 
P.O.B 54216 
Limassol, Cyprus

Ease of Use

iFOREX traders have access to an easy-to-use interface with trading charts and market indicators to help make better financial decisions. Starting to trade with iFOREX is simple, all you need to do is register, validate, deposit and you are ready to start trading. Additionally, traders receive up-to-date account monitoring and access to multiple trading platforms.

Why Trade at iFOREX

iFOREX is a leader in the industry in tight pip-spreads, real-time market prices, provided through a direct connection with the inter-banking arena, and an exclusive margin policy.

To see how iFOREX ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.