Written by ForexBrokers.com
In this head to head comparison of iFOREX vs Forex4you, 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.
When it comes to choosing between online brokers iFOREX and Forex4you, prospective traders often look into their regulatory standing and Trust Score ratings. iFOREX, established in 1996, holds one Tier-1 license—which is considered a sign of high trust—and has been rated with a Trust Score of 75 out of 99 by ForexBrokers.com. On the other hand, Forex4you, founded in 2007, does not have any Tier-1 licenses and carries a Trust Score of 61, suggesting a higher risk compared to iFOREX. Both firms are not publicly traded and are not banking institutions.
The presence of Tier-1 licenses is a critical factor when assessing the credibility and security of brokerage firms. iFOREX's possession of a Tier-1 license indicates its compliance with stringent regulatory guidelines, which can be reassuring for traders. Forex4you, lacking this tier of licensing, may present more risk, as indicated by its lower Trust Score. These factors are essential for potential investors who prioritize safety and regulatory backing in their trading endeavors.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Year Founded | 1996 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing iFOREX and Forex4you in terms of commissions and fees, both brokers offer distinct features that cater to different trading preferences. iFOREX, although lacking detailed information on average spreads, provides standard commissions and fees that might appeal to some traders. However, the broker is rated 3 out of 5 stars for commissions and fees, and it ranks 60th out of 62 brokers according to ForexBrokers.com. This indicates that there might be more cost-effective options available in the market.
On the other hand, Forex4you offers slightly better prospects in terms of commissions and fees. Despite also not providing average spread data, this broker has earned a higher rating of 3.5 out of 5 stars in this category. Forex4you holds the 53rd position out of 62 brokers as per ForexBrokers.com rankings. This suggests that Forex4you might be more favorable for traders looking for relatively competitive commissions and fees compared to iFOREX.
Overall, traders seeking a brokerage with a stronger position on commissions and fees may find Forex4you more appealing than iFOREX. While both brokers share transparency issues with the absence of average spread data, Forex4you's higher star rating and ranking could serve as a deciding factor in its favor.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to choosing between iFOREX and Forex4you based on the range of investments they offer, both platforms provide similar opportunities in some areas but differ significantly in others. Both iFOREX and Forex4you facilitate forex trading through CFDs or spot contracts. iFOREX provides a much wider selection of tradable symbols, with 750 available compared to the 150 offered by Forex4you. iFOREX also leads in the number of forex pairs, offering 88 pairs, while Forex4you offers 43. However, neither broker offers the option to trade exchange-traded securities, like Apple shares on U.S. exchanges or Vodafone shares on international markets, as they focus solely on CFDs.
While you can't trade actual cryptocurrencies on either platform, both allow trading in cryptocurrency derivatives. One distinct feature of Forex4you is its copy trading capability, which iFOREX lacks, offering traders the chance to replicate the strategies of successful peers. Despite these differences, both brokers are rated at 3.5 stars for their range of investments. However, in the ForexBrokers.com rankings, iFOREX holds a more favorable position at rank #41 out of 62 brokers, compared to Forex4you's #58 ranking.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 150 |
| Forex Pairs (Total) | 88 | 43 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| 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 considering iFOREX and Forex4you in terms of their trading platforms and tools, each offers distinct advantages. iFOREX provides a proprietary platform designed in-house, accessible through a web-based browser but lacking in both desktop download options for Windows users and MetaTrader support. It offers the convenience of trading directly from stock charts and boasts 25 drawing tools, giving traders a range of customization options. However, it does not provide a virtual demo account for simulated trading, which could be a drawback for beginners trying to acclimate. Despite these limitations, iFOREX is rated favorably with four out of five stars for its trading platforms and tools.
Forex4you, on the other hand, extends a more fully-featured offering, with support for both Windows-based downloadable platforms and popular MetaTrader 4 and 5 options. Like iFOREX, Forex4you also has its own proprietary platform and a web-based trading option. A standout feature is its copy trading capability, enabling users to replicate the trades of experienced investors. It also offers the benefit of a free virtual demo account, perfect for new traders seeking to hone their skills risk-free. While it has fewer drawing tools at 15, Forex4you provides similar direct trade-from-chart functionality and a user-friendly watch list with seven fields for customization. This comprehensive platform earns Forex4you a comparable four-star rating for its trading tools, narrowly surpassing iFOREX in overall broker rankings at position 52 out of 62.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of iFOREX and Forex4you, both platforms offer apps for iPhone and Android users. However, Forex4you stands out with additional features that enhance the user experience. Unlike iFOREX, Forex4you provides stock and forex price alerts, making it easier for traders to stay updated on market movements. Traders on Forex4you also benefit from the ability to draw trendlines and view multiple time frames on charts, which are not available in the iFOREX app. Moreover, Forex4you users can create watchlists with real-time quotes and enjoy the convenience of auto-saving drawings on charts, features not provided by iFOREX.
In terms of technical studies, Forex4you offers 30 for charting, whereas iFOREX does not provide any. Despite these differences, both brokers receive a four-star rating for their mobile trading apps. According to ForexBrokers.com, Forex4you ranks slightly higher at #50 out of 62 brokers, while iFOREX is ranked at #55. Although both apps are rated equally by users, Forex4you clearly provides a more feature-rich experience for mobile traders looking for comprehensive charting tools and real-time market updates.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing iFOREX and Forex4you, both platforms provide daily market commentary and an economic calendar to help traders keep pace with global news events. However, Forex4you holds an edge in offering forex news from high-profile sources like Bloomberg and Reuters, which iFOREX does not provide. Additionally, Forex4you features technical analysis tools from Autochartist, enhancing its research capabilities, while iFOREX lacks this offering. Both brokers do include resources from Trading Central, offering tools such as Technical Analytics for comprehensive market analysis. For trader sentiment tools, iFOREX provides insights into long and short positions, a feature not available with Forex4you.
Neither iFOREX nor Forex4you integrates research tools from TipRanks or Acuity Trading, focusing instead on their respective strengths. In terms of rankings, both brokers are on par with a 3.5-star rating for research. However, ForexBrokers.com places Forex4you slightly ahead, ranking it at 47 out of 62 brokers, just above iFOREX at 48. This higher ranking can likely be attributed to Forex4you's broader array of news sources and additional technical resources. Both platforms offer solid research tools, but the specific needs and preferences of the trader will determine which platform is a better fit.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners available at iFOREX and Forex4you, several distinctions arise. Forex4you stands out with its collection of over ten educational pieces focused on forex or CFDs, which include a range of articles and videos. In addition, it offers a searchable archive of previously recorded webinars, making it easier for users to access past learning sessions. In contrast, iFOREX does not provide the same extent of educational content in terms of quantity, but it does offer at least ten beginner-friendly educational videos that focus specifically on trading topics for new traders. Neither platform provides regular online educational webinars or a comprehensive investor dictionary with definitions of 50 or more investing terms.
Overall, both brokers have their strengths and limitations in their educational offerings for beginners. iFOREX, with its array of beginner video materials, is helpful for novice traders who prefer visual and structured learning. Meanwhile, Forex4you’s broader suite of written content and its archived webinars cater to those who prefer various learning methods. Despite these differences, both platforms received an identical rating of 3.5 out of 5 stars for education. However, Forex4you holds a higher education ranking, sitting at the 25th position out of 62 brokers on ForexBrokers.com, compared to iFOREX, which is ranked 53rd.
| Feature |
iFOREX
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that iFOREX is better than Forex4you. iFOREX finished with an overall rank of #52, while Forex4you finished with an overall rank of #55.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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Forex4you
|
|---|---|---|
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| Trust Score | 75 | 61 |
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Both iFOREX and Forex4you provide the option to trade cryptocurrency derivatives, but neither allows the purchase of actual delivered cryptocurrency.
When comparing online brokers, iFOREX and Forex4you both enable fund transactions through Skrill, Visa or Mastercard, and bank wires, but only iFOREX supports PayPal, while neither offers ACH or SEPA transfer options.
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 | iFOREX | Forex4you | |
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| Trust Score | 75 | 61 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | Forex4you | |
|---|---|---|---|
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| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | iFOREX | Forex4you | |
|---|---|---|---|
| Trust Score | 75 | 61 | |
| Year Founded | 1996 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | iFOREX | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | iFOREX | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 150 | |
| Forex Pairs (Total) | 88 | 43 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | iFOREX | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | iFOREX | Forex4you | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | Forex4you | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | Forex4you | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
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| Overall | iFOREX | Forex4you | |
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| Trust Score | 75 | 61 | |
| Winner | check_circle | ||
| Review |
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