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Score
Cyprus
Regulated in Cyprus
Market Making License (MM)
Self-developed
Global Business
High Potential Risk
Influence
Add brokers
Comparison
Quantity 14
Exposure
Score
Regulatory Index8.03
Business Index7.95
Risk Management Index7.28
Software Index5.66
License Index7.15
Single Core
1G
40G
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Company Name
ICFD Ltd
Company Abbreviation
iFOREX Europe
Platform registered country and region
Cyprus
Company website
X
YouTube
+91-33-7127-9140
35725204610
Company summary
Pyramid scheme complaint
Expose
300,000 Uruguayan pesos
After I profited by 10 times, iFOREX would freeze your account and ask for 20% margin, claiming that my bank information was wrong. Then it asked for another varied fee including verification fee and individual tax. I caution you against the fraud. They are doomed someday.
The fraud induced clients to deposit fund and tampered with their card number. It gave no access to withdrawal, asking for a 20% margin. As long as you made profits, it would cleared your backstage. Stay away from such a fraud.
I withdraw 7 days before. Still not approved. Still pending. They Ask me deposit receipt. I send it. After their end no response no call no mail reply. Every day I send mail 4 times. Nothing done.
They won't let me withdraw. It is not resolved. I still don't receive anything.
I made deposit and start trading.. everything is going to be fine..I gave withdrawal request.. almost 6 days gone...still the withdrawal pending is pending.. don't believe this broker..they want client loss only.. don't trade with youe valuable money..they will never respond...my trading account number is 122*****...my all documents are approved...buy withdrawal is still pending
It will modify your card number and asked for 20% margin, claiming that my information was wrong. As long as you made profits, it would slander that you are engaged in malicious arbitrage, using every reason to refuse your withdrawal request.
On May 12nd, I deposited 30 thousand for trading. But the platform asked for 20% margin as my bank information was wrong. After doing so, I was asked to pay individual tax again. I caution you against the fraud.
Trash platform, won't allow withdrawals. Directly submitted identity verification failed, can't reach customer service.
A person from iforex called told to invest first 10000 showed me withdrawal of 200 rs after that told add money 50000 showed me gave me withdrawal of 1400 nearabout ... then showed me loss n told to add more amount in Account name Kiraniforex account of kotak bank From madhyapradesh Nagukhedi but i neglected so he added money in my demat saying had gave me vouchers on next day loss was recover n he told me to pay vouchers after that he collegue called me told to pay gst of 22340.40 i paid n after that no one is in contact of me url ip Address all are changed so b aware Everyone
When I signed up with them and deposited the amount and made a deal according to the instructions of my manager, and after that they did not respond to him or respond to me, I think it is a fraud platform. God suffices me, and He is the best disposer of affairs for them.
The fraud induced clients to deposit fund and tampered with their card number. It gave no access to withdrawal, asking for a 20% margin. As long as you made profits, it would cleared your backstage. Stay away from such a fraud.
Clone company of iforex.com which is run for only Asian markets and stealing them. stop withdrawals uneducated account manager.
Account 6592080 Where an amount of $520 was deducted from the account in the negative And this amount was deposited from another card after the approval of Mr. Fadi that I make the deposit with another bank card and I obtained his approval for that I traded and lost, deposited and lost, deposited and gained, and withdrew several times, as I deposited the amount of $520 multiple times I was surprised one day that the account was suspended and there is a negative amount of $520 and I cannot trade So I spoke to Mr. Fadi, who doesn't understand anything in his job, and he told me that there is no problem and when I make a deposit, the account ban will be lifted and I can trade on the same day and cancel everything that is on it, which is a negative amount of -520$ And indeed, I deposited a small amount of $59 and I was surprised that $59 was deducted from the amount of $520, leaving a negative amount of $461. Thus, the deposit amount of $59 was deducted from the original amount of $520. I contacted Mr. Fadi and he informed me that the amount of $520 was refunded by the bank through which the deposit was made So how does this happen and how am I being accounted for retroactively on an amount that has been traded on, withdrawn from, and lost from? And the company's terms and policies state that this cannot be done.
| iFOREX Review Summary | |
| Registered On | 10-15 years |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | CFDs on stocks, crypto, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Spread | / |
| Trading Platform | iFOREX Europe (Web-based and Mobile) |
| Min Deposit | / |
| Customer Support | +357-252-04694 |
| Fax: +357-252-04607 | |
| YouTube, Facebook, Twitter, LinkedIn | |
| Corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus. | |
iFOREX Europe, operated by iCFD Limited, is a regulated investment firm offering a wide range of trading services. Licensed by the Cyprus Securities and Exchange Commission (CySEC), iFOREX Europe provides a secure and compliant trading environment for its clients. It offers 24/7 real-time trading, enabling investors to engage in Contract for Difference (CFD) trading across multiple asset classes such as stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. Additionally, iFOREX Europe supports traders with educational resources, including video tutorials, one-on-one training, and multilingual customer support.

| Pros | Cons |
| Regulated | Unclear Fee information |
| Over 750 CFD assets available | No account information |
| Leverage of up to 1:30 |
As a regulated entity, iFOREX Europe adheres to strict compliance standards, ensuring the safety of investor funds and providing transparency in its operations. The company holds CySEC license number 143/11 and is authorized to provide trading services in various financial instruments, including CFDs. This regulatory oversight ensures that iFOREX Europe meets high standards for the protection of investor funds and the fair treatment of clients. Additionally, CySEC regulations require iFOREX Europe to maintain segregated client accounts, providing an added layer of security to ensure the safety of client deposits. iFOREX Europe complies with the EU's MiFID II (Markets in Financial Instruments Directive), further demonstrating its commitment to protecting clients' interests and offering a secure trading environment.

iFOREX Europe markets offers a broad selection of trading instruments, primarily focusing on CFDs (Contract for Differences) across various asset classes. Investors can trade a wide range of markets, including stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. This diversity allows traders to diversify their portfolios and access different market opportunities globally. The platform also supports indices and ETFs, allowing investors to trade on global market movements. iFOREX Europe's broad selection of financial instruments caters to both beginners and experienced traders, offering flexibility and variety to match different trading strategies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Indices | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |

iFOREX Europe offers leverage of up to 1:30 on its platform, allowing traders to control larger positions with a smaller capital investment. While leverage can enhance potential profits, it also increases the risk of losses. Traders must fully understand the risks associated with leveraging their trades and use it responsibly.
iFOREX Europe trading platform offers two primary trading platforms: a web-based platform and a mobile app. The web-based platform, FXnet, is custom-built and designed to meet the needs of traders, incorporating feedback from users to improve functionality. FXnet is accessible from any internet-enabled device, providing flexibility for traders who prefer to use a desktop setup. Additionally, iFOREX Europe offers a mobile app that can be downloaded for free on both the App Store and Google Play, allowing traders to manage their accounts and execute trades on the go. The mobile app offers many of the same features as the web-based platform, enabling seamless trading across devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| iFOREX Europe | ✔ | Web-based and Mobile | / |

iFOREX Europe offers a variety of deposit and withdrawal methods to accommodate traders from different regions. Accepted payment methods include bank wire transfers, credit/debit cards, and e-wallets such as PayPal. The platform aims to provide a smooth and efficient transaction process, with processing times varying depending on the payment method and the region. For instance, credit and debit card deposits are typically processed instantly, while bank wire transfers may take several business days to complete. Withdrawals are processed based on the same methods, with the time required depending on the chosen payment method. Generally, credit card withdrawals are processed within a few business days, while e-wallet transactions may take 1-2 days.

iFOREX Europe operates through Cyprus-based ICFD Ltd, which is regulated by CySEC under license No. 143/11. The broker offers more than 750 CFDs through its proprietary trading platform. On WikiFX, however, its rating stands at 6.65, with 14 complaints on record, including two reports involving withdrawal requests that remained pending in July and August 2026.
WikiFX
iFOREX operates with an active CySEC license and extensive Hindi support channels, but an unverified offshore entity and a recent pattern of withdrawal complaints drag its WikiFX score to 5.73. Indian traders should verify their account jurisdiction and test small withdrawals before making heavy deposits.
WikiFX
As we look to sum up iFOREX Europe and check user comments, they all read virtually the same issue, year after year - fund withdrawal issues. While some users never received withdrawal access from the broker, others received it for some time before the trading enterprise suspended their trading account, leaving their funds allegedly trapped on the platform. In this iFOREX EUROPE review, we take a close look at reported fund scam allegations against the brokerage first. Additionally, we will elaborate on the broker’s product & services and its regulatory framework.
WikiFX
Anyone considering entering the forex market often faces a common dilemma: Which broker should they choose? When you compare brokers, there are a few important things to keep in mind:
WikiFX
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