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iFOREX Free Demo Account
Practise on an iFOREX demo account with virtual funds before you deposit anything.
iFOREX Promo Codes, Deals & Offers
British Virgin Islands FSC and CySEC through European group entity-regulated forex and CFD broker with spreads from 0.7 pips and a $100 minimum deposit.
Founded 1996Herzliya, IsraelBritish Virgin Islands FSC, CySEC through European group entity
Visit iFOREX (opens in a new tab)1 live offer
iFOREX does not have a promo code we have verified at the moment, and we do not publish codes we cannot confirm. The standing saving is the free demo account, which costs nothing and is the sensible first step. This page is updated whenever an offer changes, so it is the place to check before you open an account.
iFOREX Deals & Coupon Codes
iFOREX Free Demo Account
iFOREX offers a free demo account. It is the cheapest way to test the platform, spreads and execution before any promotion matters, because it costs nothing and does not commit you to a deposit.
How to Use an iFOREX Promo Code
- Reveal the code. Click "Show coupon code" on a card above. The code is revealed, copied to your clipboard, and iFOREX opens in a new tab while this page stays open.
- Register or sign in. Open the account type the offer applies to, under the entity that serves your country.
- Paste the code at checkout. Enter it in the promo, coupon or partner-code field before you confirm payment or complete your first deposit. The saving should show in the total; if it does not, the code may have expired or may not apply to that option, and you can tell us so we can fix the listing.
- No code? Offers marked "No code required" are applied automatically when you arrive through the link. Free demos and trials never need a code.
About iFOREX
iFOREX is a forex and CFD broker founded in 1996 and headquartered in Herzliya, Israel. It is regulated by British Virgin Islands FSC and CySEC through European group entity, which is the first thing worth checking before any promotion, because a licence decides what protection your money has and what kind of offers the broker is even allowed to run. The operating company is Formula Investment House Ltd., part of iFOREX Group.
Spreads start from 0.7 pips, with commission of $0 on the raw or commission-based accounts. The minimum deposit is $100. Leverage goes up to 1:400, which depends on the entity you sign up with and the rules of your regulator. Markets on offer cover forex, commodities, indices, shares, etfs, cryptocurrencies, around 750+ instruments in total.
Trading runs on iFOREX Web Platform, iFOREX Mobile App. Account types include Standard/Real, VIP, Islamic/Swap-Free, Trial/Demo. A swap-free Islamic account is available on request. A free demo account is offered, which is the cheapest way to test the platform before any promotion matters.
Deposits can be made by credit/debit cards, bank wire transfer and alternative/regional payment solutions. Withdrawal fees: Generally none; $20 international wire transfer / $5 India local transfer. Inactivity fee: $15 per quarter after 12 months inactivity. Support is available 24/5 by live chat, email, phone.
Because iFOREX holds a licence from a regulator that restricts retail incentives, do not expect deposit bonuses or cash rewards under that entity. The offers you will usually find are the free demo account, occasional fee or commission promotions, and referral programmes, and any bonus that does appear will come from a different entity in the same group aimed at clients outside those rules.
- Founded
- 1996
- Headquarters
- Herzliya, Israel
- Regulation
- British Virgin Islands FSC, CySEC through European group entity
- Legal entity
- Formula Investment House Ltd.
- Negative balance protection
- Yes
- Client money segregated
- Yes
iFOREX Account & Pricing Information
| Feature | Details |
|---|---|
| Minimum deposit | $100 |
| Spread from | 0.7 pips |
| Average EUR/USD spread | Approx. 0.8 pips |
| Commission | $0 |
| Maximum leverage | 1:400 |
| Account types | Standard/Real, VIP, Islamic/Swap-Free, Trial/Demo |
| Platforms | iFOREX Web Platform, iFOREX Mobile App |
| Demo account | Yes |
| Islamic account | Yes |
| Markets | Forex, Commodities, Indices, Shares, ETFs, Cryptocurrencies |
| Deposit methods | Credit/debit cards, bank wire transfer and alternative/regional payment solutions |
| Withdrawal fee | Generally none; $20 international wire transfer / $5 India local transfer |
| Inactivity fee | $15 per quarter after 12 months inactivity |
Figures are the provider's published terms at the time of our last check and can change; the provider's own site is the final word.
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Frequently Asked Questions
Does iFOREX have a promo code?
Not at the moment. iFOREX is not running a promo code we have been able to verify. The free demo account is free and is the best current saving. When a code is issued it will appear here.
Does iFOREX offer a free demo account?
Yes. iFOREX offers a free demo account, which lets you test the platform with virtual funds before depositing.
Does iFOREX offer bonuses?
Not as a rule. iFOREX holds a licence from a regulator that restricts retail incentives, so do not expect deposit bonuses or cash rewards under that entity. The free demo and any fee promotions are the offers to look for.
What is the iFOREX minimum deposit?
The minimum deposit at iFOREX is $100. It can differ by account type and by the entity you register with, so confirm it on the account page before funding.
How do I use an iFOREX promo code?
Click "Show coupon code" on the card. The code is revealed and copied to your clipboard, and iFOREX opens in a new tab. Register or sign in, and enter the code where the broker asks for a promo or partner code during registration or deposit. The discount shows in the total before you confirm.
Are iFOREX promotions available worldwide?
Not always. Offers depend on the iFOREX entity that serves your country, and brokers regulated in Australia, the UK and the EU are not allowed to give retail clients bonuses. Free demo accounts are generally available everywhere the broker accepts clients.
Trading forex, CFDs and other leveraged products involves significant risk and you can lose more than your initial deposit. FrugalFX provides general information only and does not provide investment advice. Offers are the provider's; check the terms on its site before relying on them.