iFOREX — where it wins, where it loses
iFOREX does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where iFOREX takes the field outright.
Loses on
- tier-1 cover
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CySEC | 143/11 | Cyprus | Tier 2 | iCFD Limited | cysec.gov.cy |
| BVI FSC | British Virgin Islands | Tier 3 | Formula Investment House Ltd | iforex.com |
Checkable
Facts the comparison runs on
On the record
- iFOREX Europe is the trading name of iCFD Limited, licensed and regulated by CySEC under licence # 143/11 (own protection-and-security page and legal page).
- The CySEC register entry (id 37660) lists ICFD Ltd, licence number 143/11, telephone +357 25 204 600, e-mail info@iforex.eu, with approved trade name iFOREX Europe.
- The iFOREX Group's non-EU services are provided by Formula Investment House Ltd, an investment firm licensed and supervised by the BVI Financial Services Commission (own legal page).
- The iFOREX brand dates its founding to 1996 (own app-store and about-page materials).
- The iforex.com legal page directs EEA visitors to iFOREX Europe (iCFD Ltd), which operates under EU regulations and product intervention rules.
| Trading since | 1996 |
|---|---|
| Base | Limassol, Cyprus |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | iFOREX web platform, iFOREX app, MT4 (regional offerings) |
| Account tiers | Standard, VIP, Demo |
| Markets | Forex, Shares, Indices, Commodities, Crypto CFDs, ETFs |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minDeposit not verified on an own account-spec page
- maxLeverage not verified on an own spec page
- spreadEurusd not verified
- segregatedFunds not verified in own legal text
- negativeBalanceProtection not verified in own legal text
- BVI licence number for Formula Investment House Ltd not stated on the legal page
- accountTypes naming (Standard/VIP) not verified on an own spec table
Costs less
Who beats iFOREX on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.