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FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

iFOREX

Broker · International

About the company

Legal company nameICFD Ltd (eski adı iFOREX (Cyprus) Ltd) · Formula Investment House Ltd
Year founded1996
Headquarters / registered countryLimassol, Cyprus
Websitewww.iforex.eu
Last checked09.10.2026

According to its official website, iFOREX is a fintech and CFD brokerage group founded in 1996 by a group of professional bankers and forex dealers. Services in Europe are provided under the trading name iFOREX Europe by ICFD Ltd (formerly iFOREX (Cyprus) Ltd), based in Limassol, which the site says is authorised and regulated by CySEC under licence 143/11. The site states that the group's non-European subsidiary, Formula Investment House Ltd, is licensed by the British Virgin Islands Financial Services Commission (BVI FSC), but gives no licence number; it also says the group completed its initial public offering in 2026. Clients can trade more than 900 CFDs on forex, commodities, indices, shares, ETFs and cryptocurrencies on in-house web and mobile platforms, with Pulse, trading signals, daily video analysis, a demo account with a USD 5,000 virtual balance and support in local languages. The site says the minimum deposit varies by region and payment method; negative balance protection applies to retail clients. This information is the company's own statement.

Account Details

ACCOUNT TYPESNot stated
MIN. DEPOSITNot stated
PLATFORMSIn-house web and mobile trading platform
PRODUCTSCFDs on forex, commodities, indices, shares, ETFs and cryptocurrencies (900+)
LEVERAGENot stated

Licences and regulation

CySEC (Republic of Cyprus)

Licence no.143/11
Licence holderICFD Ltd
ScopeListed in the CySEC register as a Cyprus Investment Firm under ICFD Ltd, licence 143/11; licence date 23 May 2011. Services: order reception/transmission, order execution, dealing on own account.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: December 2018 – October 2026

  • Withdrawal / payment: 16
  • Account / trading conditions: 12
  • Bonus / promotion: 4
  • Customer support: 3
  • Identity verification: 2
  • Other: 2

MEDIUM — COMPLAINT LEVEL

48% of institutions with complaint records received more complaints than this one.

BY TOPIC — Withdrawal / payment: High · Account / trading conditions: Medium · Bonus / promotion: Very high · Customer support: Medium · Identity verification: High · Other: Medium

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on iFOREX's Trustpilot page (iforex.com) (33) and WikiFX (6) records as of 9 October 2026; one person's reviews count once, and records about fake sites and third parties using the iFOREX name are left out. Across the complaints, pending withdrawal requests and allegations of accounts locked without explanation and positions closed unfairly stand out.

Sources and verification history

Official company sourcesiforex.eu — homepage, About, Trading Conditions, Withdrawal & Deposit Methods, Platform and Start Trading pages and footer · iforex.com — footer
Regulator recordsCySEC — ICFD Ltd, licence 143/11 (cysec.gov.cy)
Company registerCyprus Registrar of Companies — ICFD Ltd, HE 254495
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified09.10.2026

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