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iFOREX -

Score

5.80 /10
Average

iFOREX

Cyprus

10-15 years

Regulated in Cyprus

Market Maker (MM)

Self-developed

High potential risk

https://www.iforex.eu

Influence

A

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index6.67

Business Index8.51

Risk Management Index0.00

Software Index6.00

License Index6.32

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

ICFD Ltd

Company Abbreviation

iFOREX

Platform registered country and region

Cyprus

Company website

X

Facebook

Instagram

YouTube

Linkedin

WhatsApp

  • +91-33-7127-9140

  • 35725204610

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-06-16
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

iFOREX

Cyprus

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

I have been cheated. They did not allow me to withdraw my profits.

300,000 Uruguayan pesos

2024-01-14 14:37
Scam

The platform manipulated on the bank information and gave no access to the withdrawal.

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.

2020-05-25 07:46
Unable to Withdraw

Exposure on fraud

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.

2020-05-18 16:24
Scam

Www.iforex.com

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

2023-02-04 00:21
Scam

It is not resolved, no. How do I recover my profits?

They won't let me withdraw. It is not resolved. I still don't receive anything.

2024-01-14 21:43
Scam

Unable to withdraw

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.

2020-05-19 20:26
Resolved

Lack of response and response

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.

2023-11-26 15:16
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
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
Unable to Withdraw

The fraud induced clients to deposit fund

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.

2020-05-18 20:36
Scam

Fraud platform induced you to deposit fund.

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.

2020-06-02 09:05
    iFOREX · 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 is a regulated investment firm that provides financial services to active investors and traders. It offers round-the-clock real-time trading services, allowing clients to invest in various Contract for Difference (CFD) instruments (assets), such as stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. Additionally, iFOREX Europe provides online trading education, one-on-one training, video tutorials, as well as technical and customer support in multiple languages.

    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?

    iFOREX Europe is a legal and compliant trading platform. Its operator, iCFD Limited, is strictly regulated by CySEC (Cyprus Securities and Exchange Commission).

    legal

    What Can I Trade on iFOREX?

    On the iFOREX Europe platform, investors can trade various CFD instruments, including stocks, commodities, currencies, indices, ETFs, and cryptocurrencies.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Stocks✔
    Cryptocurrencies✔
    ETFs✔
    Indices✔
    Bonds❌
    Mutual Funds❌
    platform

    Leverage

    The platform offers a maximum leverage ratio of 1:30. Taking an investment principal of 500 euros as an example, using 30x leverage, investors can leverage a trading size of 15,000 euros.

    Trading Platform

    iFOREX Europe offers two types of trading platforms: web-based and mobile. The web-based FXnet platform is custom-developed based on client feedback, while the mobile iFOREX Europe App can be downloaded for free on the App Store and Google Play.

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

    Deposit and Withdrawal

    The platform supports multiple deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets (such as PayPal). Different regions may offer different deposit methods, and processing times may vary accordingly.

    deposit

    News

    NewsiFOREX Launched Innovative AI Trading Assistant

    A well-known renowned broker, iFOREX introduced a new artificial intelligence tool to improve users' trading experiences. This innovative artificial intelligence assistant is now available on the iFOREX website, providing traders with rapid responses to their questions about trading with this respected broker.

    WikiFX
    2024-06-03 18:46
    iFOREX Launched Innovative AI Trading Assistant

    NewsIs iFOREX a decent Broker or scam?

    iFOREX is a trademark owned by an entity in the iFOREX Group. iFOREX was founded in 1996 and is one of respected brokers in the industry. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with license number 143/11.

    WikiFX
    2024-02-29 19:24
    Is iFOREX a decent Broker or scam?

    NewsiFOREX Adds New Analytical Features and Non-Leveraged Tools

    iFOREX has updated and optimized its branded website and trading platform with several new features and products, including daily analysis videos, Trading Expert live, and a variety of non-leveraged trading tools.

    WikiFX
    2023-01-12 09:36
    iFOREX Adds New Analytical Features and Non-Leveraged Tools

    NewsVestle, A CFD Broker, Relaunches iFOREX Europe Under Its Old Name

    iFOREX Group, a leading worldwide financial services company, has rebranded its Vestle contract for difference (CFD) brokerage brand in Cyprus to iFOREX Europe.

    WikiFX
    2022-09-23 11:43
    Vestle, A CFD Broker, Relaunches iFOREX Europe Under Its Old Name
    About More

    User Reviews

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    User comment

    31

    Comments

    Write a review

    JavierMaldonado
    3-6months
    You might forgive my lack of knowledge, but I think that cost of iforex forex pairs, is totally acceptable. Just take a look at my favorite pair EUR/USD, 1.1 pips at minimum.
    You might forgive my lack of knowledge, but I think that cost of iforex forex pairs, is totally acceptable. Just take a look at my favorite pair EUR/USD, 1.1 pips at minimum.
    Translate to English
    2025-01-13 06:55
    Reply
    0
    0
    Dimas suryadi
    3-6months
    750 different things to treade, impressive👍but they need more, like 1000
    750 different things to treade, impressive👍but they need more, like 1000
    Translate to English
    2024-12-27 00:56
    Reply
    0
    0
    11