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 |
When comparing the commissions and fees of FOREX.com and iFOREX, you'll discover distinct differences in their offerings. FOREX.com provides multiple account types and execution methods, ranking #13 out of 63 brokers in the Commissions and Fees category, with a commendable 4.5-star rating. While it can be slightly pricier than the industry average, the Raw account features low spreads averaging 0.13 pips on the EUR/USD, with a commission added per trade. The Standard account, favored by those appreciating market-maker execution, typically has a higher spread of 1.4 in the U.S. for the same currency pair. Volume-based rebates in the RAW account range from $2 to $9 per million, appealing to high-volume traders.
In contrast, iFOREX has a more straightforward approach but receives a modest 3-star rating for commissions and fees, placing it at #61 in the rankings. Specific spread data for iFOREX is not disclosed, making it challenging to gauge its competitiveness in the market. Nonetheless, the broker may suit traders looking for a simpler, more transparent fee structure without the complexity of tiered rebates or varied account types.
Ultimately, your choice between FOREX.com and iFOREX should depend on your trading volume, platform preferences, and whether you prioritize competitive spreads with potential rebates or a more straightforward, possibly less competitive fees structure. High-volume traders might find FOREX.com more beneficial due to its rebates, while those seeking simplicity may lean toward iFOREX despite its lower ranking.
| 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 it comes to the range of investments, FOREX.com and iFOREX both provide opportunities for forex trading, offering forex as both a CFD and spot contract. FOREX.com impresses with a wide selection of 5,500 tradeable symbols, including 80 forex pairs. Meanwhile, iFOREX offers a selection of 750 tradeable symbols, but slightly surpasses FOREX.com in forex pair options with 88 available. Despite these offerings, neither platform allows trading of actual exchange-traded securities, such as Apple or Vodafone shares, on either U.S. or international exchanges. Additionally, both platforms lack the feature of copy trading and do not provide options for purchasing real cryptocurrencies, only their derivatives.
In terms of overall rankings and user feedback, FOREX.com shines with a robust rating of 5 out of 5 stars for its range of investments, earning a prestigious #7 spot out of 63 brokers by ForexBrokers.com. On the other hand, iFOREX garners a 3.5-star rating, placing it at #41 in the same category. These ratings reflect FOREX.com's diverse investment choices, providing a broader range of symbols and maintaining a higher user satisfaction compared to iFOREX's offerings.
| Feature |
FOREX.com
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 750 |
| Forex Pairs (Total) | 80 | 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 it comes to trading platforms and tools, FOREX.com and iFOREX offer distinct features to cater to the needs of traders. FOREX.com provides a comprehensive suite of tools, including a free virtual demo account for simulated trading, in which iFOREX does not. Both brokers have their proprietary platforms, although FOREX.com takes the lead in platform variety, offering a Windows-based desktop platform and MetaTrader 4 and 5. In contrast, iFOREX lacks these MetaTrader options and does not have a desktop platform. Both brokers do well in providing web-based trading platforms, yet FOREX.com's advanced capabilities and numerous platform options earn it a higher rating of 5 stars, compared to iFOREX's 4 stars.
Charting capabilities also set these brokers apart. FOREX.com allows traders access to 239 drawing tools, a stark contrast to iFOREX's 25 tools, showcasing a wider variety of options for technical analysis. FOREX.com is also a step ahead with watch lists that provide 20 columns for data fields, compared to iFOREX's 9 columns. Both brokers allow traders to execute trades directly from stock charts, offering convenience and efficiency. However, these extensive tools and functionalities rank FOREX.com significantly higher, at 7th place in the Trading Platforms and Tools category among 63 brokers, while iFOREX sits at 54th, highlighting the broader array of technical features that FOREX.com delivers to its users.
| 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.
When comparing the mobile trading apps of FOREX.com and iFOREX, both offer iPhone and Android apps, providing traders access to markets on the go. However, the functionalities offered differ significantly. FOREX.com excels with advanced features such as stock and forex price alerts and seamless watchlist symbol syncing, which ensures your watchlists are consistent across both mobile and online platforms. While iFOREX provides basic trading capabilities, it lacks these enhanced features.
FOREX.com stands out with an impressive array of 88 technical studies for charting, supporting trendline drawings, and offering multiple time frame views on charts. Furthermore, FOREX.com's app ensures that customized drawings are auto-saved, and traders can create watchlists with real-time quotes. This comprehensive feature set is reflected in its 5-star rating and high rank of #3 out of 63 brokers by ForexBrokers.com, compared to iFOREX's 4-star rating and #55 rank. While iFOREX presents a functional option for users, FOREX.com provides a more enriched mobile trading experience.
| 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.
FOREX.com and iFOREX both offer daily market commentary and provide traders with sentiment-based trading tools that are advantageous for tracking market trends. However, FOREX.com sets itself apart by delivering forex news from prominent sources such as Bloomberg and Reuters, an advantage not offered by iFOREX. Additionally, both platforms support technical analysis via Trading Central, but FOREX.com scores higher in terms of market research, with an impressive 4.5-star rating compared to iFOREX's 3.5-star rating.
Moreover, FOREX.com features an economic calendar to help traders stay informed about global news events, which is also available on iFOREX. Despite similar offerings in some areas, FOREX.com outpaces iFOREX significantly in its research ranking, placing at #9 out of 63 brokers, while iFOREX lands at #48, indicating a wider edge in providing insightful market analysis and tools beneficial for making informed trading decisions.
| 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.
When comparing the educational resources for beginners offered by FOREX.com and iFOREX, FOREX.com clearly stands out as the more comprehensive choice. FOREX.com provides a wealth of educational materials, offering more than ten articles, videos, and archived webinars focused on forex and CFD trading. They also host at least one educational webinar per month, and beginners have access to searchable archives of recorded sessions. Moreover, FOREX.com offers over ten informative videos tailored to newbie traders, along with a dictionary detailing at least 50 investing terms, making it easier for newcomers to navigate forex concepts. Both brokers offer educational videos for beginners, but FOREX.com excels in providing advanced video content, which is absent from iFOREX's offerings.
In contrast, iFOREX falls short of providing the same level of educational support. While they do offer over ten beginner video guides, iFOREX does not reach the same depth in educational articles or live webinars. They lack a searchable archive of past webinars and an investor dictionary as well. This difference is reflected in ForexBrokers.com's ratings, where FOREX.com receives a commendable rating of 4.5 stars for education, ranking fourth out of 63 brokers. On the other hand, iFOREX has a lower rating of 3.5 stars, placing them at 53rd in the same category. This detailed analysis highlights FOREX.com as a more robust option for those eager to enhance their understanding of forex and CFD trading.
| 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 63 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 |
| Range of Investments |
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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) | 80 | 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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