iForex does offer a demo account for beginner or new traders that prefer to trade in a risk-free environment. With the demo account, traders also have access to advanced and innovative educational tools and materials.
iFOREX at a glance
| Broker's Name | iFOREX |
| 📍 Headquartered | Cyprus |
| 📅 Year Founded | 1996 |
| ⚖️ Regulating Authorities | FCA, CySEC, MNB, BVI FSC |
| 🌐 Countries not accepted for trade | United States and Canada |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | 100 USD (1 367 ZAR) |
| 💳 Deposit Options | Bank Wire Transfer Credit/Debit Cards Online Wallets Western Union |
| 💳 Withdrawal Options | Bank Wire Transfer Credit/Debit Cards Online Wallets Western Union |
| 💻 Platform Types | iFOREX trading platform |
| 📱 OS Compatibility | Web and mobile (iOS, Android) |
| 📈 Tradable assets offered | Forex Commodities Indices Shares Stock Derivatives ETFs Cryptocurrencies |
| 👨💼 Languages supported on Website | English, Russian, Spanish, Thai, Chinese, Japanese, and several others |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Min Deposit
USD 100
Regulators
BVI FSC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
iFOREX Demo account – 6 key points quick overview:
- ✔️How to set up a Demo Account – Step by Step
- ✔️iFOREX Demo Account Features
- ✔️iFOREX Customer Reviews
- iFOREX Pros and Cons
- Conclusion
- FAQ
How to set up a Demo Account – Step by Step
Setting up a demo account with iFOREX is an easy and straightforward process that consists of the following steps:
Step 1 – Open the iForex website and click on the “Register” tab.
Navigate to the iFOREX official website and select the option to “Register” from the homepage.
Step 2 – Fill in your personal information
An online application will load, and traders can provide their First and Last Name, email address, and mobile phone number before selecting “Start Now”.
Step 3 – Your account has been created
The application will be processed, and traders must provide the CAPTCHA code on the next page, read, and accept the Client Agreement and Privacy Policy, and select “Continue”.
Traders will be provided with their login credentials, and they can proceed to log in on the iFOREX website.
Traders will be redirected to their account and trading station where they can start practicing trading.
A demo account is often referred to as a practice account due to it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
iFOREX Demo Account Features
iFOREX offers a free demo account that can be used in the following ways:
➡️️ Beginner traders who want to increase their trading skills and knowledge.
➡️️ More experienced traders who want to hone their skills and test out various trading strategies.
➡️️ Traders who are evaluating and comparing brokers can use the demo account to explore what iFOREX has to offer.
With the demo account, traders also have access to advanced and innovative educational tools and materials. These can be accessed by submitting a request to the iFOREX customer support. Once access has been granted, traders can use the various tutorials indicated on the website.
This section not only caters for new traders but also to more seasoned traders who want to refine their trading and add a competitive edge to their existing plans and strategies.
iFOREX Customer Reviews
I am a kind of autodidact
I am a kind of autodidact. I mean, if haven’t had iFOREX learning center, I think I would be OK anyway. However, iFOREX’s education section is so mind-opening that I had to dive into it. They have taken financial education to the next level.
A wide array of choices
A wide array of choices is the name of the game in iFOREX. They have a great variety of assets for traders to select from, a large library of top educational material, and plenty of paying methods. iFOREX has all the options for trading that I can bring to mind – making it truly the best choice for me.
Honestly
Honestly, going through iFOREX’s education center is, I believe, a must for any trader. It is thorough and detailed, giving me all that I truly need to improve my CFD game. Highly professional and recommended to all!
iFOREX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo Account provided | Truly little information on the accounts offered by iForex |
Conclusion
Overall, iFOREX does offer a demo account for new traders to practice on. Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
Min Deposit
USD 100
Regulators
BVI FSC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
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FAQ
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does iFOREX offer a demo account?
Yes, iFOREX offers a demo account.
For how long is the demo account valid?
The duration of the demo account is not indicated on the official iFOREX website.
Which live trading accounts does iFOREX offer?
- Standard Mini Account
- VIP Account
What are the available deposit currencies for a live trading account?
USD and EUR.
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