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iFOREX accounts and how they score

Account range and entry terms feed the rating. Here are iFOREX's accounts and the facts the score is built on.

Facts last checked . Read the full iFOREX review.

Accounts

Minimum deposit
$100
Account types
Standard/Real, VIP, Islamic/Swap-Free, Trial/Demo
Account currencies
USD, EUR, GBP
Islamic account
Yes
Demo account
Yes
Professional account
Yes, jurisdiction-dependent
Minimum trade size
Instrument-dependent, approximately $100 notional on selected instruments
Time to open
Typically a few minutes

What this means

iFOREX runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GBP. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is Instrument-dependent, approximately $100 notional on selected instruments. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about iFOREX accounts

What account types does iFOREX offer?

iFOREX offers 4 account types: Standard/Real, VIP, Islamic/Swap-Free, Trial/Demo.

What is the minimum deposit at iFOREX?

The minimum deposit at iFOREX is $100. It can differ by account type and by the entity you register with.

Does iFOREX offer an Islamic account?

Yes. iFOREX offers a swap-free account for clients who need one.

Accounts at brokers under the same regulator

More about iFOREX