CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Broker Dossier

iFOREX: licences and legal entities

iFOREX has not been reviewed by our team yet. This page lists the legal entities and licences the broker states on its own website, and shows what our formula makes of them.

  • By the brokerdossier.com research team
  • Data listing, not reviewed yet
  • Updated 11 Nov 2026
  • Advertiser disclosure
30of 100

Dossier Score for Global

Overall rating in progress: 30% of criteria assessed

This profile is built from public sources. Each licence row shows where it stands: verified by our team on the regulator's register, stated by the broker on its own website, or not yet checked. Confirm on the register yourself before you deposit.

How this Dossier Score adds up

The score is calculated by a published formula from the five components below. It changes with your country, because the first component follows the company that would hold your account.

Entity that serves youRegulator tier of the company that would hold your account16 of 45
Group licencesOther tier 1 and tier 2 licences held in the same group2 of 26
Company structurePublicly listed, or a licensed bank0 of 12
Track recordYears in business12 of 12
PenaltiesRegulatory penalties on record in the last five years0 of −15

Methodology v1.1. How the Dossier Score is calculated. Commissions are not an input.

Regulation and legal entities

A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.

Legal entity Regulator Licence no. Max. leverage Our check
Formula Investment House Ltd. Serves you British Virgin Islands BVI FSC Tier 3 (offshore) To be confirmed Varies Stated by the broker Broker's page, read 11 Nov 2026 Open register
iCFD Ltd. Serves you Cyprus CySEC Tier 2 143/11 Varies Stated by the broker Broker's page, read 11 Nov 2026 Open register

Key facts

Founded
1996
Headquarters
—
Publicly listed
No
Group regulators
BVI FSC, CySEC
Minimum deposit
—
Platforms
Execution
—
Copy trading
No
Islamic account
No
Demo account
No

Accounts and fees

Spreads we measured

We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.

Platforms and execution

iFOREX offers no platform data yet.

Deposits and withdrawals

We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.

Country availability

Pick your country in the header to see which iFOREX entity would serve you.

Questions readers ask

Is iFOREX regulated?

iFOREX operates through 2 legal entities in our database, holding licences or registrations with: BVI FSC, CySEC. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.

Is iFOREX a safe broker?

No broker is risk-free. Our Global Dossier Score for iFOREX is 30 out of 100. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.

Data changelog

  • Import 2026-11-11 (broker's own website, read 2026-11-11): new broker (publish); founded 1996; entity added: Formula Investment House Ltd.; licence added: fscbvi (no number stated); entity added: iCFD Ltd.; licence added: cysec 143/11

CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Alternatives that share a regulator

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
Trading 212 71 Trading 212 UK Ltd FCA #609146 Tier 1 — — Review Visit site
Exante Founded 2011 64 EXT LTD CySEC #165/12 Tier 2 — — Review Visit site
FOREX.com Founded 2001 Listed 62 GAIN Global Markets Inc. CIMA #25033 Tier 3 (offshore) $100 Own platformMT4MT5TradingView Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.