iFOREX
Pros
- Established in 1996 with over 25 years of operating history
- 750-plus tradable CFD instruments across six asset classes
- No commissions; spread-only pricing model
- No deposit fees
- Inactivity fee only triggered after 12 consecutive months
- Free demo account with virtual funds
- Personal 1-on-1 coaching in multiple languages
- Negative balance protection and segregated client funds
Cons
- No MetaTrader 4 or MetaTrader 5 support
- All products are CFDs; no direct ownership of shares or ETFs
- EUR/USD spread from 1.1 pips is wider than ECN-style competitors
- BVI FSC entity offers weaker regulatory protection than FCA or ASIC
- No copy trading or social trading features
- No automated trading or VPS offering
- Demo account limited to 30 days
- Inactivity fee of $15 per quarter can erode small balances