iFOREX
Rating: 4.5 / 5With a history stretching back to 1996, iFOREX is one of the most established players in the online brokerage world. After decades in the business, they've built a solid reputation, but in a constantly evolving market, does this veteran broker still have what it takes to compete? We decided to take a fresh look under the hood to see what they offer traders today.
With a history stretching back to 1996, iFOREX is one of the most established players in the online brokerage world. After decades in the business, they've built a solid reputation, but in a constantly evolving market, does this veteran broker still have what it takes to compete? We decided to take a fresh look under the hood to see what they offer traders today.
Broker Details
- Headquarters
- British Virgin Islands
- Established
- 1996
- Min Deposit
- $100
- Execution
- Market Maker
- Regulators
- BVIFSC, CySEC
Trading Conditions
- Min Standard Spreads
- 0.6 pips
Accounts & Funding
- Funding Methods
- 11
- Deposit Fees
- No
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 1.1 pip
- GBP/USD
- 1.6 pips
- Bitcoin
- $60.00
- WTI Crude
- 2.97 pips
- Inactivity Fee
- $15 per quarter after 12 months
Platform & Features
- Trading Platforms
- Proprietary platform
Pros
- Free 1-on-1 training
- Free education and information
Cons
- No social or automated trading
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