iFOREX Reviews 114

DONT INVEST OR TRUST THIS COMPANY... THEY ARE CLEVERLY USING SOFTWARE TO STEEL YOUR MONEY.... WHEN U INVEST ON BUY SIGNAL GOES RED WHEN U INVEST ON SELL SIGNAL GOES GREEN THEY USE TRICKS TO STEAL YOUR INVESTMENT MONEY....FOR CHEATING PEOPLE YOU IFOREX CAN BEG IN ROAD OR RAILWAY STATION

been trading with them for many years myself family and friends .everything was ok. until they recently changed rules about margins and spreads without informing clients. leading to many crazy thing happening. firstly they never needed margin to open any hedges for existing deals. as i use hedging to protect my trades i had hedges in place which didn't open .moreover crazy changing spreads. and crazy overnight and rollover fees. i have paid hundreds of dollars unjustified in the last weeks.

when i complained to the company they havent been able to properly respond why they are allowed to change rules about all thing without informing clients making the app waaaaaaay worse than it used to be.

in todays market of this much brokers they dont rank anywhere near the top but more closer to the bottom!!!

very bad manager, the restrict my account when i apply for the withdrawal

I was surprised to find out that iForex provides high leverage on the stock market. For example, recently I was trading Nvidia stock and there is a high leverage available up to 1:20 but of course, I didn’t abuse it, otherwise I would get big problems with my deposit.
It seems there is a resistance level of 130$ and the price can’t break out of this level. Anyway, I opened a short position with 1:10 leverage from this level and closed a profit position when the price reached 120$ dollars. I’m waiting for a bull run on the stock market and especially I have tremendous expectations from Nvidia company.

iForex has stood the test of time and proved they know traders. Always keeping it simple. 👍
I have been trading for quite some time, and have been aware of iForex even longer. However, I just recently started to work with them, and I like its concept of one account for all with tight spreads and low costs.Great welcome package is indeed for new clients too, so check it out…

I am struggling with this company to provide my withdrawal since last month. I have submitted all my documents and now they are not replying me since a week. Really struggling to get any response from them. It is a nightmare of a company. Dont trust this company. Looks like scammers

This site is a classic scam of every user who trades with them. No one will come out with a profit from them ... I have all the evidence of manipulation and closing open positions however it suits them ... When I presented them with evidence that they are fraudsters, they just shut up ... You have more proof that you are IOS and Google play removed from their platforms because they are scammers ... They operate in an even smaller number of countries ...

as I am from the team of positional traders, swaps is something that have weight for me.
I quickly understood how swaps are calculated here for currency pairs and commodities which I trade and they turned out to be pretty favorable for me. I don't pay much when leave position open throughout several nights.
also, the leverage can be as big as 1:400. it's dangerous to leave deals open with such leverage so i don't use it that big. or if it's big, I just set stop losses behind local minimum/maximum and it reduces all the risks for me.
this strategy is time-proven and helps me to stay afloat.

The customer support agents of this broker have been nothing but kind, considering the fact I ask really basic questions, but I guess as a novice trader you are supposed to ask as many questions as possible… I appreciate them for being understanding.
And I also make use of the trading expert a lot. It is a cool feature.

green investing sounds captivating. I mean, the overall idea of cooperating with a certain non-profit organization to help the nature isn't unqiue, but anyway not all brokers decide to integrate such a feature. it requires a lot of resources and it likely requires recognition in the community, since non-profit organizations can cooperate with no-name brokers.
yeah, the terminal als performs without glitches which is surprising for tailor-made enginges.

Huge spreads, poor (slow) executions, putting money in is easy, getting it out takes forever, bad costumer service. Really a broker to lose your money this was one of my first brokers DONT GO HERE if u want a good broker skip IFOREX u will lose ur whole account, no professional works on this platform only new traders who will lose their money

Let me tell you one factful experience. I was on this platform from last 13 years i never made a money out of it. then last time i opened a contract on a rollover and i was in a loss and they said its because you sold the dela and the new contract opened in a buy direction so i thought ok. Yesterday i also opened many deals and this time i bought natural gas and when the rollover happened and it was bullish but again i am in lost side. when i equire the same to my cheater account manager Abhay they said this the rollover charges and thats why u are in loss, but technically i should have been in profit. they have so high spread rate in nutshell this is a crook platform with full of crooks. We should understand onething if they would have been experienced in this then why would they do work for the company they would become millioniares themselves but its a prey which we innocent people fall to.

they are giving fake offers about extra margin and they don't respond when you make deposit,

iForex is cysec regulated, which means moderate leverage to reduce the unnecessary risks.
Then you are covered by the Investor compensation funds for more security.
And last buut not least the credibility of the broker is quite high in the trading community.

I was an account holder of this company. My job requirement keeps me busy and I have to move around in different parts of world. From Asia to Africa to Europe and Middle East.
My curent location is Guinea in west Africa. Iam here since 8/9 months and May be till end of year I have to stay back due to my job requirements.
I traded with them many times and withdrew money as well. My account was verified and I gave my contact details all over.
Few weeks back I deposited 300$ and again 150$ and I was getting messages and emails about bonus offer of 100% etc.
they did not allot me the bonus and instead asked my contact which I had already given. However I gave again. (I have proof of all email communication).
I contacted them on WhatsApp no. They responded after 14 hours(really wonder why they have WhatsApp contact. They can manage with post office letters if they have to take time ).5th September WhatsApp message was responded on 6th and then they did not reply my messages.there was no clear response and then I got their mail that I have to close my account and withdraw my amount because you have permanently moved to Guinea. And that we don’t operate there. Funny but i said i am here temporarily who said I have moved permanently.
Then they went ahead and closed my account without my consent within 24 hours( I have proof of email communication and will post it here ). After my email they came back to me that even if you are there temporarily we can’t allow your account to function and that we are closing it( that was kind of a threat ). My question is :-
1. I gave my contact no. Traded with you why did you suddenly unverified my account. Besides having all my documents.
2. When I deposited money why don’t you allot me bonus. If you are not operating into this country how come I can deposit and withdraw money. How are you allowing deposit from here.
3. Why you kept changing statements about my moving into here. Who told you that. Can you prove it.
4. You said in your email on 14/09 that you gave me 7 days to close my account. However as per your email dated 12/09/23 you asked me to close my positions by 12/09. Just few hours.
5. Why were you in hurry to close my account. Who is behind it. And why so hurry.
6. What would have happens if you had waited for me for 2/3 days.
7. You took my deposit of 450$ and returned just 68$. You closed my positions without my consent so you are not only liable to pay my entire deposit but also compensate me for the torture and bad handling.
Iam waiting for your response. I have all your email responses.

I can put it here for everyone to see
Best regards

Abid

I created an account (10679218) at iForex broker for trading purpose and deposited $585 via skrill id. After trading and making a profit of $266, I placed a request for withdrawal of all the funds as I was in dire need of money. The iForex broker informed me through email as well as on my Account Statement that funds of $585 and $266 have been credited separately to your Skrill ID. On checking I came to know that I only received $266 whereas $585 were not credited into my Skrill ID.
I immediately contacted the live chat where I received reply that our agent will contact you soon. Then an agent contacted me and keep on telling me that funds have been credited to either your crypto wallet, things like that. I replied that how my funds can be credited to my crypto wallet when I didn't use crypto wallet to deposit funds. The agent said ok I will talk to the concerned department. After laps of 2 days, i received call from the same agent asking that whether my issue has been resolved or not. I was astonished to hear that she even didn't know this. I keep on sending emails to all of their available contacts. Also I sent email to Skrill Help Center. Then I received another call from iForex who asked me that whether I was arrested or convicted in Drug Trafficking or not, or money laundering etc. I was surprised what he was asking about.
Actually, they were not in a mood to refund my money that's why they were creating this drama. Then the Skrill team contacted iforex merchant to inquire the Transaction ID whereby the funds were deposited. As a result of that initiative, the iForex returned my money.
This broker is a scam. They will not bear you making profit or withdrawing any money from them. Moreover, the live chat is also a drama on which you will receive one reply that our agent will contact you soon. And you will have to wait long hours for their call. I will not recommend this broker to any trader. You will repent after depositing in to this broker.

Hi All, Iforex is most worst company as they will promise you for bonus and as soon you deposit they will deny and wont answer any email above this if they even add bonus when you start making profit they will remove it immediately

The promotion packages are just too attractive to pass on. It appeals to beginners, and to pros as well. I do not mean one package appeals to both, but different packages for a different group. Let us not lie to ourselves, there is no one size that fits all when it comes to trading. The needs of a novice are different from the needs of a pro.

They were doing online adverts and took on loads of people new to trading with misleading training and promises.

Like me some inevitably lost all their money and one online acquaintance seems to have killed himself after losing money he couldn't afford to lose.

Their trading software is not serious and the simulated market doesn't reflect real prices.

Save yourself the frustration and go with reputable broker instead.

I am kinda suspicious about web traders beacuse I witnessed many that are not so great.
Metaquote do have fine software, after all, so why should i replace them? however, the iforex platform is an entirely different story. they really managed to create top platform. cheers !!