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iFOREX regulation & licences

Forex & CFD broker Founded 1996 πŸ‡»πŸ‡¬ British Virgin Islands

Licence ScoreVery weakHow it's calculated

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Licences on record 1

4 Tier 4 β€” light / offshore

BVI FSCBritish Virgin Islands Financial Services CommissionπŸ‡»πŸ‡¬ British Virgin Islands
Reference: check the register
Compensation: No compensation schemeNegative balance protection: Not a regulatory requirement

Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.

Regulatory profile

iFOREX is a forex & CFD broker founded in 1996 and headquartered in British Virgin Islands.

In our database iFOREX is matched to 1 licence from BVI FSC. All of its licences are from jurisdictions we classify as tier 4 (light-touch offshore regulation). Clients of these entities typically have no compensation scheme, no leverage caps and limited recourse if something goes wrong.

None of the regulators we have matched to iFOREX operates a statutory compensation scheme covering retail forex, so the safety of your deposit relies mainly on segregation of client funds and the broker's own financial strength.

iFOREX supports its own proprietary platform. The advertised minimum deposit starts from about US$100 β€” minimums often vary by account type and entity.

Regulatory strengths

  • Operating for about 30 years

Points to check

  • Only offshore licences on record β€” limited recourse and no compensation
  • No statutory compensation scheme at any matched regulator

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iFOREX regulation FAQ

Is iFOREX regulated?

Yes β€” in our database iFOREX is matched to 1 licence: BVI FSC (British Virgin Islands). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.

Is iFOREX a tier-1 regulated broker?

No. None of the licences we have matched to iFOREX is from a tier-1 regulator. Its strongest licence is tier 4.

Does iFOREX accept US clients?

iFOREX is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so iFOREX generally cannot accept US retail forex clients.

Is my money protected with iFOREX?

None of the regulators matched to iFOREX in our database runs a compensation scheme for retail forex. Protection depends on client-money segregation and the broker's solvency.

What is the minimum deposit at iFOREX?

iFOREX's advertised minimum deposit starts from about US$100. It can differ by account type, payment method and the entity you are onboarded to.

How can I verify iFOREX's licence?

Find the company name and licence number in iFOREX's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.

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Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.