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iFOREX review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

iFOREX puts forex, CFDs, stocks and crypto on one commission-free app, and a demo account lets you test it first. Accounts open from $100, while EU clients trade under CySEC with EU ICS up to EUR 20,000. Weigh the inactivity fee before leaving money sitting idle.

Key facts

Best for
Traders who want forex, CFDs, shares and crypto on a single commission-free app with a demo account to start.
Minimum deposit
$100↗
Stock trade fee
$0↗
Inactivity fee
$15↗
Markets
Stocks, ETFs, Forex, CFDs, Crypto↗
Regulators
CySEC, BVI FSC↗
Investor protection
EU ICS up to EUR 20,000↗
Retail accounts that lose money
80%↗
Deposit and withdrawal fees
No broker deposit fee; $20 EEA wire withdrawal fee may apply↗
Platforms
IFOREX App↗
Maximum retail leverage
1:30 EU, 1:400 offshore↗
Legal entity
iCFD Limited↗
Founded
1996↗
Support channels
Help-centre↗
Features
Crypto, Demo account, Mobile app
Pricing model
Commission-free
Official website
iforex.com

Facts checked September 26, 2026, 9 sources

Pros and cons

Pros

  • One account covers stocks, etfs and forex, so currency pairs, index CFDs, shares and crypto are held in the same place.
  • EU clients trade under CySEC, and their client money sits inside EU ICS up to EUR 20,000, a scheme that does not extend offshore.
  • A demo account plus iFOREX App let you test the app and trade crypto before any money is committed.

Cons

  • An inactivity fee of $15 applies to dormant balances, so cash left without trading can shrink quietly over time.
  • Retail accounts that lose money stand at 80% here, higher than the 70.15% median for brokers on the site.
  • Support runs on help centre alone, so there is no live chat or phone line when markets move fast.
iFOREX

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • EU retail traders who want forex and CFDs and prefer a CySEC-regulated entity with a stated protection scheme.
  • Traders who hold positions across currency, crypto and shares and want one app instead of several platforms to fund.
  • Long-standing clients who value a demo account for practice and a mobile app for trading away from a desk.

Who should look elsewhere

  • CFI, which takes a minimum deposit of $0 and so needs less to open an account than iFOREX does.
  • bunq, a bank rather than a trading broker, for anyone who wants to hold cash rather than trade markets.
  • Fiesta Credito MX, regulated by CONDUSEF in a single market, for borrowers rather than anyone who wants to trade markets.

Where it sits among rivals

On stock trade fee, iFOREX ranks 1 of 166 brands, its strongest showing by some distance. On minimum deposit it sits at 151 of 218, so opening an account asks for more than most rivals. Inactivity fee ranks 42 of 56, leaving it in the middle of the market on dormant account charges.

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

How much does it cost to trade with iFOREX?+

Dealing is commission-free under a commission free model, and a stock trade costs $0, so no dealing commission is added per order. Other trading costs come through the spread rather than a commission line, so check the trading conditions for the instruments you plan to use.

How much do I need to open an account?+

Accounts open from $100, which is more than several rivals on this site ask. You can practise first on the demo account, then fund the live account by bank transfer. Deposits carry no broker fee, so the money you send is what the broker holds for trading.

Who regulates iFOREX and is client money protected?+

iFOREX operates through iCFD Limited, regulated by CySEC in Cyprus and the BVI FSC in the Virgin Islands. Client money in the EU sits inside EU ICS up to EUR 20,000, while the offshore entity serves clients outside it. Check which entity holds your account before depositing.

What can I trade on one account?+

A single account covers stocks, etfs and forex, so you can move between currency pairs, index CFDs, single shares and crypto without moving money elsewhere. Leverage runs 1:30 EU, 1:400 offshore, and the tighter limit applies to clients in the EU.

What happens if I leave my account unused?+

An inactivity fee of $15 applies to dormant accounts, so a balance left without trading can shrink over time. If you only wanted to hold cash, or you plan a long break from trading, close the account and move the money out instead.

Which platforms and apps do I get?+

Trading runs through iFOREX App, and the listed features include a mobile app, a demo account and crypto trading. The demo account lets you size positions and learn the app before funding. Support comes through help centre, so written guidance does most of the explaining.

How much do retail traders lose?+

The share of retail accounts losing money at iFOREX is 80%, above the site median of 70.15%. Most retail accounts close at a loss, so leveraged currency and CFD trading is a high-risk activity rather than a way to build savings.

Sources

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

Not confirmed yet: Account fee.

iFOREX

iFOREX

Traders who want forex, CFDs, shares and crypto on a single commission-free app with a demo account to start.

9.0/10See alternatives