iForex — Reviews, Regulation and Broker Overview

iForex is marked as a scam because of reported complaints about delays in withdrawing funds and aggressive sales methods. Potential clients are advised to exercise caution when considering any engagement with this operator.

The company was founded in 1996 and is based in Cyprus. It holds regulatory licenses from CySEC under number 143/11 and from BVI FSC under number SIBA/L/13/1060. These authorizations allow it to operate as a forex broker, though the scam marking stems directly from client reports on withdrawal issues and sales practices.

iForex provides trading access to forex pairs, commodities, indices, shares, ETFs and cryptocurrencies. The maximum leverage available stands at 30:1. Clients can use the iFOREX Europe App for trading, and a mobile application is also offered.

A demo account is available for practice. Deposits can be made through Visa, Mastercard, Diners, Maestro, Discover, bank transfer and PayPal. Withdrawals are processed using the same method as the deposit or via international wire transfer.

Given the specific complaints noted, individuals should review all available information carefully before proceeding with any account or deposit. The combination of regulatory licenses and the reported issues forms the basis for the current assessment of this broker.