BTC65420.0 2.40%
ETH3500.0 1.20%
EUR/USD1.0840 0.10%
GBP/USD1.2650 0.05%
GOLD2350.0 0.80%
OIL85.4000 0.50%
SPX5200.0 0.60%
NDX18100.0 0.90%
USD/JPY151.2 0.20%
TSLA175.4 1.20%
BTC65420.0 2.40%
ETH3500.0 1.20%
EUR/USD1.0840 0.10%
GBP/USD1.2650 0.05%
GOLD2350.0 0.80%
OIL85.4000 0.50%
SPX5200.0 0.60%
NDX18100.0 0.90%
USD/JPY151.2 0.20%
TSLA175.4 1.20%

iFOREX Review

4.2

iFOREX is a veteran broker with over 25 years of experience. It distinguishes itself by offering free 1-on-1 trading coaching to all new clients, making it ideal for beginners. Their proprietary platform includes unique tools like "Market Buzz" (AI news analysis) and "Trading Expert" live signals.

Visit iFOREX
iFOREX is the trading name of Formula Investment House Ltd, licensed and supervised by the British Virgin Islands Financial Services Commission (License No. SIBA/L/13/1060).

Pros

  • Free personal 1-on-1 coaching
  • AI Market Buzz & Sentiment tools
  • Negative Balance Protection for all
  • Over 25 years of track record

Cons

  • No MetaTrader (MT4/MT5) support
  • Fixed spreads can be wider than ECN
  • Proprietary platform locks you in

Education & Coaching

Unlike most brokers that just give you a PDF guide, iFOREX provides a personal trading coach. Upon registration, you can schedule a call to learn platform basics and trading concepts. This hands-on approach is invaluable for absolute beginners.

Proprietary Platform Tools

The iFOREX platform is web-based and mobile-friendly. It features built-in signals ("Trading Expert") and "Market Buzz," an AI tool that analyzes thousands of news articles to show you which assets are hottest in the media right now.

FAQs about iFOREX

Is the coaching really free?

Yes, the 1-on-1 training session is complimentary for new clients upon their first deposit. It is designed to help you understand the platform and basic strategies.

Does iFOREX have MT4?

No, iFOREX uses its own proprietary web and mobile platform (FXnet technology). It does not support MetaTrader 4 or 5.

What is the minimum deposit?

The minimum deposit is typically $100, though this may vary slightly by region and promotion.

Does iFOREX offer Negative Balance Protection?

Yes, iFOREX provides a legally binding Negative Balance Protection policy, ensuring you can never lose more than your deposited funds.

Are spreads fixed or variable?

iFOREX primarily offers fixed spreads on major currency pairs, providing stability during volatile market conditions.

Regulatory Risk Warning

Trading financial instruments with margin carries a high level of risk, can work both for and against you, and can result in the loss of part or all of your investment.