iFOREX review

Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026

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Our verdict

iFOREX suits European traders who want forex, CFDs, crypto, shares and ETFs in a single commission-free account, and who put regulation and predictable costs above a small opening deposit. The EU entity sits under CySEC, with investor protection of EU ICS up to EUR 20,000 for accounts taken there.

Key facts

Best for
Commission-free multi-market trading under CySEC with EU investor protection.
Minimum deposit
$100 (Source, checked September 26, 2026)
Stock trade fee
$0 (Source, checked September 26, 2026)
Inactivity fee
$15 (Source, checked September 26, 2026)
Markets
Stocks, ETFs, Forex, CFDs, Crypto (Source, checked September 26, 2026)
Regulators
CySEC, BVI FSC (Source, checked September 26, 2026)
Investor protection
EU ICS up to EUR 20,000 (Source, checked September 26, 2026)
Retail accounts that lose money
80% (Source, checked September 26, 2026)
Deposit and withdrawal fees
No broker deposit fee; $20 EEA wire withdrawal fee may apply (Source, checked September 26, 2026)
Platforms
IFOREX App (Source, checked September 26, 2026)
Maximum retail leverage
1:30 EU, 1:400 offshore (Source, checked September 26, 2026)
Legal entity
iCFD Limited (Source, checked September 26, 2026)
Founded
1996 (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Features
Crypto, Demo account, Mobile app
Pricing model
Commission-free
Official website
iforex.com

Pros and cons

Pros

  • Stock trade fee of $0, ranking 1 of 161 brands on that cost.
  • Regulated by CySEC and BVI FSC, with iCFD Limited as the named EU entity.
  • EU investor protection of EU ICS up to EUR 20,000 for accounts taken in the EU.

Cons

  • Minimum deposit of $100 ranks 148 of 213, so the entry point is high.
  • Support runs on help centre only.
  • Inactivity fee of $15 ranks 42 of 56.
iFOREX

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Scored 9.0 / 10 by BrokerCue.

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Who it suits

  • Traders who want stocks, etfs and forex in a single account and can fund $100, while Vantage opens at $5.
  • EU clients who prefer CySEC oversight and EU ICS up to EUR 20,000 to the route run by the BVI FSC.
  • Savers happy to work from iFOREX App and practise on a demo account first.

Who should look elsewhere

  • Small starters: CFI opens at $0 and Vantage at $5, both below iFOREX's $100.
  • Broader market seekers: eToro lists stocks, etfs and forex, adding futures to iFOREX's stocks, etfs and forex.
  • Traders who want phone or chat support, since support runs on help centre only.

Where it sits among rivals

On stock trade fee iFOREX ranks 1 of 161 brands, ahead of the rest of this comparison. The picture flips on entry size: 148 of 213 on minimum deposit. Inactivity fee sits at 42 of 56. So the brand is the cheap place to trade and the costly place to open.

What trading costs

Costs split between trading and keeping the account alive. The stock trade fee is $0, so equity dealing adds no per-trade commission. The minimum deposit is $100, and an inactivity fee of $15 applies once trading stops. On money moving in and out, No broker deposit fee; $20 EEA wire withdrawal fee may apply.

How iFOREX compares

Where iFOREX is available

Available
Everywhere except United States
Licence in Cyprus
CySEC (143/11), checked September 26, 2026
Licence in Virgin Islands, British
BVI FSC, checked September 26, 2026

Frequently asked questions

What does it cost to trade a stock?+

The stock trade fee is $0. iFOREX runs a commission free pricing model, so there is no per-trade commission layered on top, and the account covers stocks, etfs and forex. The cost side of the ledger is the deposit and any inactivity charge, not the trade itself.

How much do I need to deposit to open an account?+

The minimum deposit is $100. That puts iFOREX towards the dearer end of the field: it ranks 148 of 213 brands on minimum deposit. CFI opens at $0 and Vantage at $5, so a lighter entry is available elsewhere.

What happens if I stop trading?+

An inactivity fee of $15 applies, and iFOREX ranks 42 of 56 brands on that charge. Many brokers in this comparison sit at €0, so an account left alone through a long break can quietly cost money. Close it or trade before the period lapses.

Who regulates iFOREX and is my money protected?+

The regulators listed are CySEC and BVI FSC. The EU business runs under CySEC licence 143/11 through iCFD Limited, and EU investor protection is EU ICS up to EUR 20,000. The BVI FSC is the other named regulator, and the stated protection figure is the one given for EU accounts.

How do deposits and withdrawals work?+

Funding runs through the standard account, and No broker deposit fee; $20 EEA wire withdrawal fee may apply sets it out. In short, nothing comes off on the way in, so a deposit carries no broker charge, while a wire withdrawal can attract a fee. Budget for that if you take larger sums out that way.

What can I trade, and where do I trade it?+

Markets covered are stocks, etfs and forex, so currency pairs, contracts for difference, shares and crypto sit in the same login. Trading runs through iFOREX App, the single named platform, and crypto, demo account and mobile app lists a crypto offering, a demo account and a mobile app. Practise on the demo before funding real money.

How much leverage can I use, and how do losses look?+

Leverage runs at 1:30 EU, 1:400 offshore. EU retail rules cap the lower figure, while offshore accounts hold the higher rate under the BVI FSC. Higher leverage magnifies losses as well as gains, and 80% of retail accounts here lose money, so keep positions small.

Who does iFOREX suit?+

It fits traders who want stocks, etfs and forex under a single login, can fund $100, and value EU regulation alongside EU ICS up to EUR 20,000. Starting from a small sum, CFI at $0 or Vantage at $5 ask for less, and eToro's stocks, etfs and forex covers more market types.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Account fee.

iFOREX

iFOREX

Commission-free multi-market trading under CySEC with EU investor protection.

9.0/10See alternatives

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