iForex (formerly Vestle) is a European CFD broker that is licensed and regulated by CySEC.
Owned and operated by iCFD Limited, they are located at: Corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building, Second Floor, PO Box 54216 Limassol, Cyprus.
iForex Broker Reviews
iForex is a popular online CFD broker in Europe, because of their multilingual website, and variety of trading instruments. Investors will find a nice variety of more than 750 underlying assets for CFD trading, in the following classes: Market Indices, Crypto, Commodity, Forex Pairs and Stocks.
The trading platform offered to iForex investors is a very simple and easy to use, proprietary web-based software. Alternatively, you have the ability to download their mobile app for iOS and Android, for trading on your Tablet or Smartphone.
You have the option to use their various order types including; “Close at Profit”, “Close at Loss” and “Buy when Rate is”. They offer multiple methods for funding your account including: Credit Card, Bank Transfer and Alternative Payment Methods.
The minimum deposit requirement for a new trading account is $250. In accordance with the new ESMA rules, leverage is capped at 30:1 for regular traders. Professional investors can apply to get leverage of 400:1.
Is iForex a Legit Broker?
Yes, iForex is operating in Europe as a CySEC licensed broker.
- European Union: iCFD Limited is the company that owns iForex.eu. They are licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) with license number: 143/11.
- International: Formula Investment House Ltd, owned iForex.com. They are an offshore firm that is licensed by the FSC in the British Virgin Islands.
The methodology that Scam Broker Investigator uses when reviewing an online Forex broker, is to verify that that they have a license to operate as a broker.
Our years of experience has found that all good brokers are licensed, and all unlicensed brokers are a scam. The reason to only invest at a licensed and regulated broker, is so that in the event of the broker going bankrupt, your money is protected. You can see our list of most popular brokers.
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup.
Register your Free Trading Account at: ForTrade.com.
If you are a client that is already investing with iForex, please share your experience with other traders, in the comment section below.