Broker Review · last checked July 2, 2026
iFOREX Review
iFOREX Review finds a long-established CFD broker claiming BVI FSC oversight, alongside a CySEC-licensed European arm. Its published material covers platforms and payments, but clients should confirm the entity, regional terms and funding conditions assigned to their account before depositing.
- Regulators listed: British Virgin Islands Financial Services Commission, Cyprus Securities and Exchange Commission (CySEC)
- Platforms: Proprietary iFOREX web and mobile platform
- Varies by region and payment method; no universal public figure found on the funding page
In brief
Our iFOREX review verdict
iFOREX Review finds a long-established CFD broker claiming BVI FSC oversight, alongside a CySEC-licensed European arm. Its published material covers platforms and payments, but clients should confirm the entity, regional terms and funding conditions assigned to their account before depositing.
- 01Regulators
- British Virgin Islands Financial Services Commission, Cyprus Securities and Exchange Commission (CySEC)
- 02Trading platform
- Proprietary iFOREX web and mobile platform
- 03Entry cost
- Varies by region and payment method; no universal public figure found on the funding page
- 04Main limitation
- Not a fit if you want a broker with only top-tier onshore regulation
Key facts about Iforex
The legal entity, local rules and available account terms may change with the client's country.
- ✓iFOREX is a long-running broker brand with a public site stating it has operated since 1996.
- ✓The main site says Formula Investment House Ltd. is licensed and supervised by the British Virgin Islands Financial Services Commission.
- ✓The site says the European subsidiary is licensed by CySEC under license number 143/11.
Who this broker suits
- Traders who want a long-running brand with a proprietary platform and public legal pages
- Users who prefer a broker with visible fee, funding, and platform disclosures
- Traders who will verify the exact onboarding entity and local eligibility before depositing
- You want a broker with only top-tier onshore regulation
- You require MT4 or MT5 specifically
- You do not want to deal with region-dependent funding or account terms
Key facts table
| Topic | What the public site says | Details |
|---|---|---|
| Founded | 1996 | Stated on the about page. |
| Platform type | Proprietary web and mobile platform | No official evidence found on the reviewed pages for MT4 or MT5 support. |
| Markets | Forex, commodities, indices, shares, cryptocurrencies | Stated in the trading conditions page. |
| Minimum deposit | Varies by region and payment method | The funding page does not give one universal figure. |
| Deposit/withdrawal fees | iFOREX says it generally does not charge these fees | Third-party bank or payment fees may still apply. |
| Withdrawals | Usually processed within a few business days after approval | The final timing depends on method and institution. |
| Support | 24/5 live human support claimed | Verify hours and channels from the contact page for your region. |
All figures and features should be verified inside the account area before funding.
iFOREX’s published broker and entity information
iFOREX presents itself as a CFD broker operating since 1996. It offers proprietary web and mobile platforms, plus client tools including Pulse, Trading Signals, Today’s Opportunity and Vault. The official site states that the main brand operates through Formula Investment House Ltd., regulated by the British Virgin Islands Financial Services Commission (BVI FSC), while a European subsidiary holds CySEC licence number 143/11. The broker publishes payment, pricing and trading-condition information, supporting transparency. CFD traders should nevertheless check the entity, regional documents, minimum deposit and funding rules displayed during their own account registration before transferring money.
The central finding of this iFOREX Review
iFOREX appears to be a genuine, established broker brand, with an active website, a published legal framework and detailed information on platforms and funding. The key practical question is not only whether the brand exists, but which legal entity and jurisdiction apply to an account, and which client terms follow. Confirm the entity name, regulator, withdrawal conditions and regional restrictions before depositing.
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Details |
|---|---|---|---|
| Formula Investment House Ltd. | Authorised investment firm | BVI FSC regulated entities | BVI FSC lists it as currently regulated; entity type: Dealing as Principal. Official site says iFOREX site is operated by this company. |
| ICFD Ltd | Authorised investment firm | CySEC public register | CySEC licence 143/11; company reg. 254495; approved trade name iFOREX Europe. Former name: iFOREX (Cyprus) Ltd. |
| Formula Investment House B.O.S Ltd. | Not Verified In Public Registers | Official website / legal docs | Named on iFOREX legal pages as providing treasury and back-office services; no regulator licence verified in public registers. |
| iFOREX brand website | Broker website / support centre | Official website | Consumer-facing site operated by Formula Investment House Ltd.; legal pages and client docs hosted on iforex.com. |
| IFOREX OPTION24 | Unauthorised — Fca Warning | Fca Warning List | FCA warning page names IFOREX OPTION24; warning published 2023. Separate from the iFOREX brand/entity unless matched exactly. |
Verify the onboarding entity and domain; iFOREX uses multiple legal entities and region-specific approved domains.
Published features of the iFOREX offer
The public site presents an established brand with a long history, a proprietary platform rather than a lightly rebranded white-label solution, and dedicated pages covering pricing, deposits, withdrawals and platform functions. Its legal documents state client-fund segregation, negative balance protection and secure payment practices. iFOREX also claims to offer multilingual support.
Terms that require closer scrutiny
Minimum deposits and other material terms vary by region and payment method, so the public site does not state one universal amount. Assertive marketing language should not be read as evidence of client outcomes, and CFD trading remains risky even where regulation applies. Some traders may also prefer MetaTrader platforms to iFOREX’s proprietary platform.
Formula Investment House Ltd., BVI FSC and CySEC licence 143/11
The main iFOREX site states that Formula Investment House Ltd. is licensed and supervised by the BVI FSC, while iFOREX legal pages describe it as a regulated broker. The site also says its European subsidiary holds CySEC licence number 143/11. The UK FCA has issued a warning concerning ‘IFOREX OPTION24’, which is unrelated to the current iFOREX brand. This makes it important to verify exact entity names and contact details rather than assume a connection. During registration, check that the legal entity shown matches both the regulator and the entity named in the broker’s legal pages.
iFOREX proprietary platform and published deposit conditions
iFOREX offers forex, commodities, indices, shares and cryptocurrencies through a single account. Its pricing page says costs are displayed before a trade is placed and vary by asset and deal size. In addition to its proprietary web and mobile platform, the broker offers Trading Signals, Pulse, Today’s Opportunity, The Trading Expert and Vault. A trading-conditions page refers to a US$100 qualifying deposit linked to bonus terms, but this is not a universal minimum deposit. Its funding page says minimum deposits vary by region and payment method, and are displayed during the deposit process.
Payment methods and withdrawal handling at iFOREX
According to its payments page, iFOREX accepts various methods, including credit and debit cards, bank wires and alternative solutions, with availability shaped by country and regulation. Card and electronic-payment deposits are usually credited instantly or shortly afterwards, while bank transfers can require several business days. Withdrawal requests are generally made from the trading account and, where required, returned through the original deposit method. Account verification is mandatory before withdrawals are processed. The broker says it aims to keep withdrawal costs transparent and generally does not charge fees, although banks and payment providers may apply their own charges.
Country availability is not universal
iFOREX does not publish a simple universal list of eligible countries. Its payment-method availability expressly depends on the client’s country of residence and regulatory requirements. Account structures, funding options and product access should therefore not be assumed to be identical across jurisdictions. Before opening an account, confirm whether the local entity accepts clients and whether leveraged CFDs are available where you live.
Comparing iFOREX with MT4 or MT5 alternatives
Comparison with other brokers should centre on regulation, platform preference and funding conditions rather than marketing claims. Relevant questions include whether a broker offers MT4 or MT5, publishes clear fee tables, is regulated in your jurisdiction and provides straightforward withdrawals. Traders benchmarking options before opening a CFD account may prefer locally regulated brokers with clearer disclosures on account tiers.
Alternatives to iFOREX
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | XTB review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Capital.com review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Colmex Pro review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | CMC Markets review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Interactive Brokers review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Common questions
Is iFOREX safe?
Public records show an active broker website with stated regulation and published legal documents, but no broker can guarantee safety. For CFD trading, the important point is whether the exact legal entity, regulator, and client-protection terms match your region and are properly disclosed.
What regulator is iFOREX under?
The site says Formula Investment House Ltd. is licensed and supervised by the BVI FSC, and the European subsidiary is licensed by CySEC under license 143/11. You should verify which entity applies to your account specifically.
What is the iFOREX minimum deposit?
The public payments page states minimum deposits vary by region and payment method and are shown during deposit. The trading-conditions page mentions a US$100 qualifying deposit related to bonuses, but this should not be mistaken for a universal minimum deposit.
Does iFOREX use MetaTrader?
Based on the pages reviewed, iFOREX promotes its own proprietary web and mobile platform with related tools. There is no official evidence on those pages that MT4 or MT5 are supported.
What markets can I trade with iFOREX?
Trading conditions state the platform offers CFDs on forex, commodities, indices, shares, ETFs, and cryptocurrencies, subject to regional availability.
How do deposits and withdrawals work?
iFOREX supports multiple deposit methods, with card and electronic payments usually credited quickly. Withdrawals typically return funds by the same method used for deposit when required. Verification is necessary before withdrawals proceed.
Is iFOREX available in my country?
The public site does not provide a single universal availability list. Whether you can open an account depends on the legal entity, your residence, and regulatory requirements, so check this directly before proceeding.
Sources for this broker review
Use these records to recheck the legal entity, account terms and current product details before opening an account.