Company overview
- Legal entity
- Formula Investment House Ltd.
- Head office country
- Cyprus
- Parent company
- iFOREX Financial Trading Holdings Ltd.
- Year founded
- 1996
- Publicly listed
- Listed on London Stock Exchange — IFRX
- Official website
- www.iforex.com
Regulation and licences
| Regulator | Regulator name | Licence holder | Status | Tier | Maximum leverage | Source |
|---|---|---|---|---|---|---|
| BVI, FSC, CySEC | Formula Investment House Ltd. | Active | Offshore | 1:400 | — |
Recorded protections
- Negative Balance
- Segregated
Accounts and trading costs
- Minimum deposit
- 100 USD
- Deposit note
- Minimum deposit may vary by region and payment method.
- Spread type
- Variable
- EUR/USD spread
- 2.0 pips
- Commission
- No separate trading commission
- Execution model
- Market maker / dealing desk
Other fees
| Fee | Amount | Note |
|---|---|---|
| Inactivity fee | $15 | May apply quarterly after 12 consecutive months without trading activity |
| Withdrawal fee | $20 | International wire transfer |
Platforms, markets and features
Trading platforms
- Proprietary Platform
- AI Trading
Markets
- Forex
- Commodities
- Indices
- Shares
- ETFs
- Crypto
Tools and features
- Scalping allowed
- Hedging allowed
Mobile apps
- iOS
- Android
Education
- Articles and guides
- Video courses
- Economic calendar
Total instruments: 900
Forex pairs: 90
Trading hours: Forex 24/5; Crypto 24/7; other CFDs according to underlying market/trading schedule
Website languages: Arabic, Chinese, English, Hindi, Japanese, Korean, Portuguese, Russian, Spanish,Thai
Demo account: Available — 30 days
Swap-free / Islamic account: Available
Mobile app name: iFOREX-One
CFDs
Funding and customer support
Funding methods
- Bank transfer
- Debit or credit card
- PayPal
- Neteller
- Crypto
- Local payment methods
- Wire Transfer
- UnionPay
Support channels
- Live chat
- Phone
- Support hours
- 24/5
- Support languages
- 21
Country availability
Restricted countries
US, Canada, Australia, New Zealand, Israel, Iran, Syria, North Korea, Russia, Turkey, Singapore, Belgium, Spain, Hong Kong, Malaysia, South Africa, India
Regulatory warnings and actions
| Authority | Notice type | Date | Source |
|---|---|---|---|
| RBI | Warning / alert list | Sep 22, 2024 | Notice |
Data checks and sources
Information is based on the records cited below and may change. Confirm the entity that serves your country, its current licence, and the broker’s latest terms before making a decision.
Record checked: Oct 12, 2026
No source URLs have been entered for this record.
Forex and CFD products are leveraged and carry a high risk of loss. This profile is informational and is not financial advice or a recommendation.