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iFOREX Review
iFOREX is a CFD broker trading since 1996 whose parent listed on the London Stock Exchange in 2026, regulated offshore by the BVI FSC and in Europe by CySEC.
Min Deposit
$100
Spreads From
1.8 pips
Max Leverage
1:400 offshore, 1:30 for EU retail clients
Platforms
iFOREX FXnet web platform, iFOREX mobile app
Pros
- Parent company listed on the London Stock Exchange Main Market in 2026
- Operating since 1996, with over 30 years of trading history
- Regulated in Europe by CySEC and offshore by the British Virgin Islands FSC
- Over 750 tradable CFDs across forex, shares, indices, and crypto
- Welcome bonus and referral program add real extra trading credit
Cons
- ICFD Ltd was fined 138,000 EUR by CySEC in 2017 for client protection failings
- Entry spreads from 1.8 pips are wider than many low cost rivals
- Welcome bonus credit cannot be withdrawn, only trading profits from it
- Not available to residents of the United States, Australia, or New Zealand
iFOREX has traded since 1996 and is owned by iFOREX Financial Trading Holdings Ltd, which listed on the London Stock Exchange in February 2026 under ticker IFRX. The core entity, Formula Investment House Ltd, holds a British Virgin Islands FSC licence. Its European arm, ICFD Ltd, is CySEC regulated and was fined 138,000 EUR in 2017 for client protection failings.
Accounts open from $100, with spreads from 1.8 pips and no per lot commission. Leverage reaches 1:400 through the BVI entity, capped at 1:30 for EU retail clients under CySEC rules. Trading runs on iFOREX own FXnet platform, on web and mobile, covering 750 plus CFDs on forex, shares, indices, and crypto.
New non EU clients can claim a welcome trading bonus worth up to 500 USD, paid as non withdrawable trading credit rather than cash. iFOREX does not serve the United States, Australia, New Zealand, Israel, Turkey, or several sanctioned countries. EU clients trade under iFOREX Europe instead, without any deposit bonus.
Min. Deposit
USD 100
Max Leverage
1:400 offshore, 1:30 for EU retail clients
Spreads From
1.8 pips
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
