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How to Open a iFOREX Account, From Sign-Up to Verification

Updated 2 November 2026 · Written by Broker Atlas Broker Reviews Desk · Data checked by Broker Atlas Data Desk

Short answer

Opening an iFOREX account on its international site takes four steps: register, fund your account, upload your verification documents, then trade on iFOREX's own web or mobile platform (there's no MT4 or MT5). You can trade before verifying, but verification is required before any withdrawal. iFOREX won't open accounts for residents of its restricted countries, including the US, Canada, Australia, New Zealand, Belgium, Israel, Turkey and Russia, and sends EU visitors to iFOREX Europe.

Can you open one?

iFOREX’s restricted countries page says it won’t open an account for, and may block an existing account of, anyone resident in or accessing its platform from a restricted country. The list, read on 2 November 2026:

Afghanistan, American Samoa, Australia, Belarus, Belgium, British Indian Ocean Territory, British Virgin Islands, Canada, Christmas Island, Cocos Islands, DR Congo, Cuba, Guam, Guinea, Haiti, Iran, Israel, Lebanon, Libya, Mali, Myanmar, New Zealand, North Korea, Northern Mariana Islands, Puerto Rico, Russia, Somalia, South Sudan, Sudan, Syria, Turkey, Ukraine (including Crimea, Donetsk and Luhansk), the United States, US Minor Outlying Islands and US Virgin Islands.

Visitors from the EU/EEA are directed to iFOREX Europe, the trading name of ICFD Ltd (CySEC 143/11), which follows EU rules and has different conditions. This page covers iforex.com, operated by Formula Investment House Ltd, licensed by the British Virgin Islands’ Financial Services Commission: is iFOREX safe?.

The four steps

From iFOREX’s start-trading page and payments FAQ:

  1. Register. Complete the registration form on iforex.com. You get access to the platform, educational material and a $5,000 demo straight away.
  2. Fund your account. Deposit from inside your account; methods and minimums depend on your region and appear during the deposit process: iFOREX deposits.
  3. Verify. Upload your documents. iFOREX says verification is required before withdrawals can be completed, for security and regulatory compliance.
  4. Trade. Choose an instrument, set your size and risk limits, and place the deal on the web platform or the iFOREX app.

There’s one account type on iFOREX’s public pages, so you don’t choose between account tiers. An Islamic (swap-free) setting is available for up to 30 days at a time and excludes bonuses and cashback.

Documents

iFOREX’s international pages don’t list accepted documents. Expect the usual pair: a photo ID and a recent proof of address in your own name. iFOREX may also ask you to confirm card deposits when you withdraw. Make sure your name and address match your registration exactly; mismatches are the most common cause of delays: why withdrawals get refused.

Bonus timing

The welcome bonus is tied to these steps: 50% of your first deposit (up to $250) at step 2, and another 50% (up to $250) after your documents are approved and you make your first trade in the iFOREX mobile app. Details: iFOREX bonus.

Platform and login

iFOREX uses its own web platform and mobile app, not MetaTrader. You log in with your iFOREX credentials; iFOREX offers optional two-factor authentication in account settings. Because EAs and API trading are among practices iFOREX doesn’t allow, the platform suits manual trading. If you need MetaTrader, see MT4 vs MT5 and brokers on the MT5 comparison.

Staying safe while you sign up

  • Use only iforex.com or the official app. iFOREX names fake domains such as iforexbonus.com and iforextradings.com.
  • iFOREX says it never makes cold calls and never asks for card details or passwords by phone.
  • Report suspicious contact to cs@iforex.com.

More: scam check guide. Beginner-friendly alternatives: best brokers for beginners. Back to the iFOREX review.

Account opening at other brokers

Frequently asked questions

Which countries can't open an iFOREX account?

iFOREX's restricted list includes Afghanistan, Australia, Belarus, Belgium, Canada, Cuba, Iran, Israel, Lebanon, Myanmar, New Zealand, North Korea, Russia, Somalia, Sudan, Syria, Turkey, Ukraine, the US and US territories, among others. EU visitors are directed to iFOREX Europe (ICFD Ltd).

Do I need to verify before trading at iFOREX?

iFOREX's steps put verification after the first deposit. You can trade, but verification must be complete before a withdrawal can be processed.

Does iFOREX use MT4 or MT5?

No. iFOREX uses its own web platform and mobile app. You log in with your iFOREX credentials.

Can I open more than one iFOREX account?

iFOREX treats setting up multiple accounts to collect extra benefits as abusive, and limits bonuses to one per address, household or IP address.