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Independent rating of Forex broker iFOREX

2/10 (votes 100)

On-line since
2006
Country of origin
British Virgin Islands
Regulation
Unregulated
Payment options
Bank wire and credit cards
Minimum account size
$100
Minimum lot size
0.025 lot
Leverage
up to 1:400
Spreads
1,3 pips on EUR/USD

iForex is an international broker at Forex currency market.
iForex Company was established in 1996, and is managed by a group of bankers and traders at Forex market.
At present, the number of iForex Company clients is more than tens of thousands traders around the world. In 2004, iForex initialized a trading platform iForex; it provides the clients with two trading platforms- the installation platform FXnet-Trader and a web- version, which can be accessed from any computer.
iForex Company has its own dealing centre, which offers a possibility to trade in foreign currencies, including Spot and Forward operations, which are the major financial instruments at the international market Forex.

Comments

Author: Sushant Date: 2022-04-08 06:01:13 (UTC+3)
I've lost trading experience with iForex broker. I had $350 invested in the account. But I've lost it, as the spread isn't fixed, I have experienced the variable spreads, and their price isn't the same as real-time currency quotes. So I was getting a loss every day by the scalping strategy. Also, I have faced financial problems, such as they had canceled my withdrawal request so many times through my Skrill account. Also, I've found the slow execution of the platform, slippage problems on their MT4 platform, and their server went down frequently. Anyway, it's my mistake to trade with an unregulated broker. Be careful all!
Author: Sungga Date: 2021-12-14 05:56:07 (UTC+3)
I want to share my unpleasant experience since I was trading at iForex 5 months ago. For the first time when I made my first and second trading in EUR/USD. I get over 30% profit in just two times trading and felt happy because it was my first profit. However, When I decided to open trading again and deposited more than $2000, the trading system was very different from my previous trading. It didn't work every time I wanted to place or open an order. The platform got frozen most of the time. I lost all my funds and called the support, none of them answered it. They have cheated on me and stole my money. Better stay away from this broker.
Author: MaryK Date: 2021-11-19 03:48:55 (UTC+3)
I enjoy my trading experience at iForex. Definitely, they have amazing services and they really provide an environment where we can smoothly trade. However, they are a bit inefficient when it comes to releasing funds.
Author: Nurullan Date: 2021-08-24 03:31:50 (UTC+3)
iForex is not a recommended broker. They are not reliable either. I'm trading with them and got trading problems frequently. I have called their support services, but they are not well-educated staff and can't answer my questions. They used to ask me to call another support department, but after that, I'm being ignored. I stopped my trading with them and closed my account.
Author: Lucas Date: 2021-07-27 04:10:00 (UTC+3)
At first, trading with iForex is going well but recently, the platform would frequently lag. I already raised this issue to the support service but they did not respond to me at all. And of course, the issue is still not resolved.
Author: Zack Date: 2021-04-14 02:11:41 (UTC+3)
I have been trading with iFOREX for six months, and those six months have suffered. I was trading in some currencies EUR/USD and GBP/USD. But, all the money I earned in those six months is gone when I was about to withdraw it. I have sent a withdrawal request, and this broker canceled all my profits. They said I did some suspicious activity while trading. They said they are still investigating and will confirm. But, until now, I didn't get any notifications or any refund from them. Be careful with this broker. They are fraud and will only take all money.
Author: Osvaldo Date: 2021-04-05 07:31:53 (UTC+3)
I appreciate that iForex tried to provide options for trading platforms. But it is a little disappointing that their own platform does not run smoothly. It is buggy and there are even times when it crashes. They should work more on developing its interface as well.
Author: Irisnual Date: 2021-02-10 07:51:52 (UTC+3)
I used several brokers before join iFOREX they are the best so far. I have not had any troubles with their service at all. Speed is good, server is always running and there is always good response from their support department. They are always with me in every step and always available with the best advice. The rebate service is excellent for getting every bit of profit you can. Always processed my withdrawals fast and never had any difficulty with them. . Personally, I like this iFOREX broker.
Author: Vikkuy Date: 2020-12-16 01:43:07 (UTC+3)
I have a bad experience with iForex. I have been trading with them for six months, and I never get excellent service from them. The trading platform is bad and has the worst order executions. Leverage is not competitive, and spreads could get higher. It's crashed too often. Day by day, I keep losing my money due to their bad platform, I couldn't recover all my losses. I decided to stop trading with them and closed my account at this broker. I really don't recommend this broker. All you will get is only to lose money.
Author: Edyta Date: 2020-12-04 03:42:08 (UTC+3)
This broker is a horrible broker. I traded with iForex for more than a year and things were going well. I was making progress in my portfolio. I made quite a good amount of profit so naturally, I wanted to withdraw it. But this broker did not allow me. They accused me of cheating and suspended my account for a week. When I got my access back, my account balance went down by a huge amount. Almost left with only my starting capital.

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