Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FOREX.com and iFOREX both have established presences in the online trading world, with FOREX.com founded in 1999 and iFOREX in 1996. While neither broker is a bank, FOREX.com enjoys the distinction of being publicly traded, adding an element of transparency and accountability that iFOREX lacks. When it comes to regulatory trust, FOREX.com stands out with seven Tier-1 licenses, the highest in trust according to ForexBrokers.com, and an impressive Trust Score of 99. In comparison, iFOREX holds just one Tier-1 license and has a Trust Score of 75, which is considered average risk.
For those prioritizing safety and regulatory reliability, FOREX.com offers a significant advantage. Its high level of regulatory oversight contributes to making it a more secure choice for investors. While iFOREX does provide opportunities for trading, it does not match the breadth of regulatory compliance boasted by FOREX.com. This distinction makes FOREX.com more appealing to traders who prioritize trust and reliability in their choice of brokers.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Year Founded | 1999 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com offers a variety of account types, making it a top pick for market maker brokers. However, our research indicates its pricing tends to be on the higher side compared to the industry average, with U.S. traders seeing spreads of around 1.4 pips for EUR/USD. The RAW account offers lower spreads at about 0.13 pips but includes additional commissions. With active trader discounts available for traders with significant monthly volume, FOREX.com provides competitive pricing for high-volume traders across their proprietary platforms. Despite its higher fees, FOREX.com earned a 4.5-star rating and ranks 13th out of 62 brokers for commissions and fees.
On the other hand, iFOREX does not provide average spread data, limiting insights into its fee structure. With a lower rating of 3 stars for commissions and fees, iFOREX ranks significantly lower at 60th out of 62 brokers according to ForexBrokers.com. This rank may suggest a less competitive standing in terms of cost efficiency compared to its peers like FOREX.com. iFOREX might be more suitable for traders who prioritize other features over cost.
In summary, FOREX.com stands out with its versatile account offerings and active trader benefits, despite higher relative costs. Meanwhile, iFOREX presents a challenge in evaluating fee competitiveness due to a lack of detailed spread information. For traders focusing on commissions and fees, FOREX.com appears to offer more clarity and favorable trading conditions, especially for those engaging in high-volume transactions.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the variety of investments available at FOREX.com and iFOREX, it's clear that FOREX.com stands out with an impressive offering of 5,500 tradeable symbols compared to iFOREX’s 750. Both platforms provide forex trading through Contracts for Difference (CFDs) or spot contracts, with FOREX.com offering a slightly larger selection of 91 forex pairs against iFOREX's 88. However, neither broker offers access to exchange-traded securities, like Apple shares on U.S. exchanges or Vodafone shares on international exchanges, nor do they offer copy trading or the purchase of actual cryptocurrencies.
Despite these limitations, both brokers provide the option to invest in cryptocurrency derivatives. In terms of ratings, FOREX.com garners a strong 5-star score for its range of investments, ranking 7th out of 62 on ForexBrokers.com. iFOREX, on the other hand, receives a modest 3.5 stars and ranks 41st. This difference highlights FOREX.com's edge for investors seeking a wider array of investment avenues.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 750 |
| Forex Pairs (Total) | 91 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing trading platforms and tools, FOREX.com stands out with its variety of offerings designed to suit different trader needs. It provides a free virtual demo account, allowing new users to practice and gain confidence without financial risks. Traders can access its proprietary platform, as well as the globally popular MetaTrader 4 and MetaTrader 5 platforms, all offering a solid array of features. Those who prefer different modes of access can use FOREX.com’s Windows-based desktop download or its web-based platform. This flexible approach is complemented by a rich set of charting tools, including 239 drawing tools, and the ability to trade directly from stock charts. With a 5-star rating for its trading platforms and tools and ranking 7th out of 62 brokers by ForexBrokers.com, FOREX.com is a noteworthy choice for traders.
On the other hand, iFOREX also offers a proprietary platform and a web-based trading platform, but does not support MetaTrader 4 or 5. While iFOREX does not provide a free virtual demo account, it allows traders to execute trades directly from stock charts. When it comes to charting features, iFOREX supplies 25 drawing tools and offers a streamlined experience with 9 columns for watch lists. Despite these limitations, iFOREX maintains a respectable 4-star rating for its trading platforms and tools. However, it is ranked 54th out of 62, indicating there is some room for improvement compared to competitors. Both brokers do not offer copy trading, ensuring a focus on individual trading strategies.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 57 |
| Charting - Drawing Tools (Total) | 239 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FOREX.com and iFOREX both offer mobile trading apps available for both iPhone and Android users. However, when diving into the feature set and usability, FOREX.com has a clear edge. With impressive tools such as price alerts and 88 technical studies for its charting capabilities, FOREX.com caters to traders who want comprehensive features at their fingertips. By supporting watchlist symbol syncing across devices, users can maintain unified experiences across both mobile app and online accounts. On the other hand, iFOREX falls short of these conveniences, lacking both price alerts and syncing features in its mobile trading app.
From a usability perspective, FOREX.com provides enhanced mobile charting abilities, allowing traders to draw trendlines and manage multiple time frames, with the added benefit of auto-saving drawings. iFOREX does not offer these functionalities, making FOREX.com an appealing choice for users seeking rich mobile charting tools. Furthermore, FOREX.com allows the creation of watchlists complete with real-time quotes, an area where iFOREX is lagging. With FOREX.com's mobile app highly rated at 5 stars and ranked third among 62 brokers by ForexBrokers.com, it stands out for its features and usability, while iFOREX, with a 4-star rating, ranks considerably lower at #55.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When diving into the world of online forex trading, choosing a platform with reliable market research tools is crucial. Both FOREX.com and iFOREX offer a range of resources, including daily market commentary and economic calendars showcasing global news events. However, the strength of these features varies. FOREX.com excels by providing forex news sourced from industry giants like Bloomberg and Reuters, while iFOREX does not include such top-tier insights. Both platforms offer tools from Trading Central and sentiment-based trading tools, yet neither utilizes resources from companies like Autochartist or Acuity Trading.
Ease of access to high-quality research significantly impacts a trader's ability to make informed decisions. FOREX.com is notable for its extensive research offerings, earning an impressive rating of 4.5 stars and ranking 9th among 62 brokers reviewed by ForexBrokers.com. In contrast, iFOREX, with a 3.5-star rating, ranks 48th, indicating room for improvement. While both provide essential tools, FOREX.com stands out as the better choice for traders seeking cutting-edge market research to enhance their trading strategies.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those new to trading, FOREX.com proves to be a more comprehensive educational platform compared to iFOREX. With more than ten educational pieces dedicated to forex and CFDs, FOREX.com offers abundant learning opportunities through articles, videos, and archived webinars. Additionally, they provide clients with monthly online webinars and maintain a searchable archive of past sessions, enhancing a continuous learning environment. While both platforms cater to novice traders with at least ten beginner videos, FOREX.com extends its offerings to include advanced educational content, which is not available with iFOREX. This emphasis on learning resources is reflected in the ratings, with FOREX.com earning 4.5 stars for education as opposed to iFOREX's 3.5 stars.
Further distinguishing itself, FOREX.com provides an extensive investor dictionary containing over 50 investing terms, a feature absent from iFOREX. The prioritized education efforts have positioned FOREX.com as a leading resource in trading education, ranking #4 out of 62 brokers on ForexBrokers.com, whereas iFOREX holds the #53 spot. This significant gap highlights FOREX.com's commitment to equipping beginners with the necessary knowledge to start their trading journey more effectively.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than iFOREX. FOREX.com finished with an overall rank of #5, while iFOREX finished with an overall rank of #52.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 75 |
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Both FOREX.com and iFOREX do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers, FOREX.com provides more flexible deposit and withdrawal options by offering ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, whereas iFOREX also supports PayPal, Visa, Mastercard, and bank wires, but adds Skrill to its options while lacking ACH and SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | iFOREX | |
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| Regulation | FOREX.com | iFOREX | |
|---|---|---|---|
| Trust Score | 99 | 75 | |
| Year Founded | 1999 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 750 | |
| Forex Pairs (Total) | 91 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | iFOREX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 20 | 9 | |
| Charting - Indicators / Studies (Total) | 88 | 57 | |
| Charting - Drawing Tools (Total) | 239 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FOREX.com | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FOREX.com | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FOREX.com | iFOREX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review |
| Overall | FOREX.com | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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