Score

6.65 /10
Average

iFOREX Europe

Regulated in Cyprus

Market Making License (MM)

Self-developed

Global Business

High Potential Risk

A

Add brokers

Comparison

Quantity 14

Exposure

Time Machine
Website

Score

Regulatory Index8.03

Business Index7.95

Risk Management Index7.28

Software Index5.66

License Index7.15

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2026-09-25
  • WikiFX has recorded a total of 11 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
  • The The Virgin Islands FSC license (License No. SIBA/L/13/1060) claimed by the broker has not been verified. Please be aware of the risks!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

IForex

Clone company of iforex.com which is run for only Asian markets and stealing them. stop withdrawals uneducated account manager.

2019-11-19 22:41
Others

Scammers

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was made So how does this happen and how am I being accounted for retroactively on an amount that has been traded on, withdrawn from, and lost from?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.

2024-12-05 21:43
    iFOREX Europe · Company summary
    iFOREX Review Summary
    Registered On10-15 years
    Registered Country/RegionCyprus
    RegulationCYSEC
    Market InstrumentsCFDs on stocks, crypto, and more
    Demo Account✅
    LeverageUp to 1:30
    Spread/
    Trading PlatformiFOREX 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 Information

    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.

    iFOREX Europe

    Pros and Cons

    Pros Cons
    RegulatedUnclear Fee information
    Over 750 CFD assets availableNo account information
    Leverage of up to 1:30

    Is iFOREX Legit?

    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.

    legal

    What Can I Trade on iFOREX?

    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❌
    platform

    Leverage

    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.

    Trading Platform

    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 PlatformSupported Available Devices Suitable for
    iFOREX Europe✔Web-based and Mobile/
    platforms

    Deposit and Withdrawal

    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.

    deposit

    News

    ExposureiFOREX Europe Review 2026: CySEC Regulation and Recent Withdrawal Complaints

    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
    2026-09-04 14:40
    iFOREX Europe Review 2026: CySEC Regulation and Recent Withdrawal Complaints

    ExposureiFOREX Review 2026: Regulation, Proprietary Platform, and Withdrawal Risks

    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
    2026-07-16 13:30
    iFOREX Review 2026: Regulation, Proprietary Platform, and Withdrawal Risks

    ExposureiFOREX Europe Review 2026: Fund Withdrawal Complaints Keep Pouring Year After Year

    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
    2026-06-17 22:16
    iFOREX Europe Review 2026: Fund Withdrawal Complaints Keep Pouring Year After Year

    News Broker Review: EightCap VS iFOREX ! Which Trading Platform Should You Choose?

    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
    2025-06-19 18:43
    	Broker Review: EightCap VS  iFOREX ! Which Trading Platform Should You Choose?

    User Reviews

    More

    User comment

    34

    Comments

    Write a review

    FX2920530242
    0-3months
    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
    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
    Translate to English
    2026-08-27 15:50
    Reply
    0
    0
    FX2402536676
    0-3months
    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.
    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.
    Translate to English
    2026-07-29 13:46
    Reply
    0
    0
    14