iFOREX doesn't publish spread figures on its international site: each instrument's spread is built into the price shown in the deal ticket and varies with market conditions. It charges no commission on any instrument, so the spread is the trading cost, plus overnight financing (a mark-up from 0.75% a year on currency pairs) on positions held overnight. Other costs: a $15 quarterly inactivity fee after 12 months and $20 for international wire withdrawals.
No published spreads
iFOREX’s pricing page, read on 2 November 2026, lists every asset class (currencies, commodities, shares, indices, ETFs and crypto) with commission: free and spread: in the deal ticket, “per market conditions”. It explains that the spread is built into the instrument’s price, so the price you see already includes it: “no hidden fees”, but also no figures to compare in advance.
Its trading conditions page gives only an illustration: USD/JPY at 101.202 / 101.222 is a 2-pip spread. That’s a teaching example, not a current or typical spread.
So we can’t quote an iFOREX spread for EUR/USD, USD/JPY or gold. The only way to know is to read the deal ticket, ideally on the $5,000 demo at the times you’d trade. Background: spread basics.
What you pay, item by item
| Cost | iFOREX’s terms |
|---|---|
| Spread | Built into the price; varies with market conditions |
| Commission | None, on all asset classes |
| Overnight financing | Interbank rates plus a mark-up from 0.75% a year on currency pairs |
| Account set-up | $0 |
| Deposits and withdrawals | $0 on iFOREX’s side; $20 for international wire withdrawals |
| Inactivity | Free for 12 months, then $15 per quarter |
| Currency conversion | May apply when trading or funding in another currency |
Overnight financing
Leveraged positions held at the end of the trading day are debited or credited. iFOREX’s formula for a long position is −(other-currency rate − base-currency rate + mark-up) ÷ 360; the mark-up starts at 0.75% for currency pairs and can differ between long and short. In its EUR/USD example (rates of −0.37% and 1.08%), 100,000 EUR long costs $6.51 a day and short earns $2.07. Instruments traded five days a week are charged three times on the last day of the week. Current rates are in the platform under Tools → Market Info. For long-held trades, financing can outweigh the spread: swap explained and the swap calculator.
Execution and slippage
Market orders fill at the server price and are rejected if it differs substantially from your screen price. Limit orders can slip in either direction (“symmetrical slippage”), especially on shares and indices that gap at the open. iFOREX also lists scalping, EAs and API trading among practices it doesn’t allow, so tight-spread scalping strategies aren’t a fit.
How it compares
Brokers that publish average spreads per account let you calculate cost per lot before you open an account; iFOREX doesn’t. If spread transparency matters to you, compare the lowest-spread brokers or ECN brokers. For iFOREX’s margin rules, see iFOREX leverage. Back to the iFOREX review.
Related
Spreads at other brokers
Frequently asked questions
What are iFOREX's spreads?
iFOREX doesn't publish spread figures. The spread is the gap between the buy and sell price in the platform's deal ticket and changes with market conditions. Check it before each trade.
Does iFOREX charge commission?
No. iFOREX's pricing page lists commission as free on currencies, commodities, shares, indices, ETFs and crypto. The spread is built into the quoted price.
How much is iFOREX's overnight financing?
It's based on interbank rates plus a mark-up that starts at 0.75% a year on currency pairs and can differ between long and short. Five-day instruments are charged three times on the last trading day of the week.
Are there other iFOREX fees?
A $15 quarterly inactivity fee after 12 months without trading, and $20 for withdrawals by international wire. Card issuers may add currency conversion fees.
