Written by ForexBrokers.com
In this head to head comparison of iFOREX vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing online brokers iFOREX and FXOpen, it's essential to consider their years of operation, licensing, and trust scores. iFOREX, founded in 1996, holds one Tier-1 license and has a Trust Score of 75, indicating an average risk according to ForexBrokers.com. On the other hand, FXOpen began in 2003 and holds two Tier-1 licenses, with a slightly higher Trust Score of 76. Neither iFOREX nor FXOpen is publicly traded or operates as a bank.
While both brokers are relatively similar in terms of trustworthiness, the difference in the number of Tier-1 licenses suggests that FXOpen may provide slightly more regulatory security. However, both brokers fall under the average risk category, indicating a moderate level of reliability in the realm of online trading platforms. Ultimately, choosing between iFOREX and FXOpen may come down to individual trading needs and preferences.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Year Founded | 1996 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees at iFOREX vs FXOpen: both brokers do not publish average spread data, which makes direct cost comparisons harder. Still, third-party evaluations help. iFOREX holds a 3 out of 5 stars rating for commissions and fees and is ranked 62 out of 63 brokers by ForexBrokers.com. FXOpen scores higher at 4 out of 5 stars and ranks 45 out of 63 in the same category.
What does this mean for traders? In general, FXOpen is viewed as offering more competitive pricing than iFOREX, based on these ratings and rankings. Since average spreads aren’t available, consider total trading costs beyond just spreads—such as any commissions per trade, swap (overnight) rates, and non-trading charges like deposit, withdrawal, and inactivity fees.
Before opening an account, check each broker’s current fee schedules and account types, and test their platforms to see real-time pricing. Summary: iFOREX — 3/5 stars, ranked #62/63; FXOpen — 4/5 stars, ranked #45/63 for commissions and fees.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
iFOREX vs FXOpen: both brokers let you trade forex (CFD/spot) and speculate on cryptocurrencies via CFDs, but neither offers real, exchange-traded shares on U.S. or international markets, and neither supports buying delivered crypto. In terms of sheer variety, iFOREX offers far more to pick from with 750 tradeable symbols and 88 forex pairs, compared with FXOpen’s 87 symbols and 25 pairs.
Feature-wise, FXOpen supports copy trading, while iFOREX does not. For range of investments, iFOREX is rated 3.5/5 stars and ranked #42 out of 63 by ForexBrokers.com, whereas FXOpen is rated 3/5 stars and ranked #63. If you want a wider selection of markets, iFOREX has the edge; if copy trading is important, FXOpen may be the better fit.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 87 |
| Forex Pairs (Total) | 88 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). |
Dive deeper: Best Copy Trading Platforms.
Comparing iFOREX vs FXOpen for trading platforms and tools, the biggest differences are platform choice and practice features. iFOREX offers its own proprietary, web-based platform with trading directly from charts, but it does not provide a Windows desktop platform, a free demo (paper) account, copy trading, or MetaTrader support. FXOpen, on the other hand, supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offers a Windows desktop download and a web platform, includes copy trading, and provides a free virtual demo account; it also supports trading from charts. The number of technical indicators and watch list columns for each broker is not specified.
Both brokers earn 4 stars for Trading Platforms and Tools, with FXOpen ranked #54 of 63 and iFOREX ranked #55 by ForexBrokers.com. In simple terms, FXOpen suits traders who want MT4/MT5, desktop access, copy trading, and a demo account to practice. iFOREX may appeal if you prefer a straightforward, proprietary web platform and don’t need MetaTrader or a desktop app.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 57 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
iFOREX and FXOpen both offer mobile trading apps for iPhone and Android, and each holds a 4-star rating. FXOpen is ranked slightly higher for Mobile Trading Apps (#55 of 63) than iFOREX (#56 of 63) by ForexBrokers.com. Key differences: FXOpen supports price alerts, while iFOREX does not. Neither broker syncs watchlists between the app and your online account.
For charting on the go, FXOpen stands out with 30 technical studies and the ability to draw trendlines. iFOREX does not list a study count and does not support drawing trendlines. Neither app auto-saves chart drawings. If you want alerts and more in-app chart tools, FXOpen is the more feature-rich choice; if you only need basic trading access on iPhone or Android, iFOREX can still get the job done.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
iFOREX and FXOpen both publish daily market commentary and include an economic calendar to track upcoming events. In ForexBrokers.com’s Research category, iFOREX holds a 3.5-star rating and ranks 49th, while FXOpen earns 3 stars and ranks 64th, indicating iFOREX has a slight edge for research overall.
For news and tools, FXOpen delivers forex headlines from top-tier sources like Bloomberg or Reuters, whereas iFOREX does not. On the other hand, iFOREX integrates Trading Central and offers a sentiment tool that shows long/short positioning—two features FXOpen lacks. Neither broker lists Autochartist tools. Availability of TipRanks and Acuity Trading tools was not specified for either broker.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re a beginner comparing education at iFOREX and FXOpen, iFOREX has the clearer edge for video-based learning: it offers at least 10 beginner-focused trading videos, while FXOpen does not. Neither broker hosts monthly educational webinars, and neither provides 10+ advanced videos. In third‑party evaluations, iFOREX earns 3.5 out of 5 stars for Education (ranked #53 of 63 by ForexBrokers.com), whereas FXOpen scores 3 out of 5 stars (ranked #59 of 63).
The available details don’t confirm whether either broker maintains a broader forex/CFD education library that meets a 10‑piece threshold across articles, videos, or archived webinars. If you want structured, beginner‑friendly videos, iFOREX is the safer bet; if you don’t need many videos or webinars, FXOpen may still fit. Check each broker’s education page for the latest learning materials before deciding.
| Feature |
iFOREX
|
FXOpen
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that iFOREX is better than FXOpen. iFOREX finished with an overall rank of #52, while FXOpen finished with an overall rank of #54.
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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FXOpen
|
|---|---|---|
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| Trust Score | 75 | 76 |
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In the iFOREX vs FXOpen comparison for cryptocurrency trading, neither online broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs.
In an iFOREX vs FXOpen comparison of deposit and withdrawal methods, neither broker supports ACH or SEPA transfers, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified.
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 | FXOpen | |
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| Trust Score | 75 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | FXOpen | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | iFOREX | FXOpen | |
|---|---|---|---|
| Trust Score | 75 | 76 | |
| Year Founded | 1996 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | FXOpen | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | iFOREX | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | iFOREX | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 87 | |
| Forex Pairs (Total) | 88 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). |
| Cost | iFOREX | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | iFOREX | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | iFOREX | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | iFOREX | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 57 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | iFOREX | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | |||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | FXOpen | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | iFOREX | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | iFOREX | FXOpen | |
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| Trust Score | 75 | 76 | |
| Winner | check_circle | ||
| Review |
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