Forex iFourX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.8

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.0

Business 1.3

Risk Control 1.6

Software 2.3

Regulatory 1.8

Terminal Snapshot

iFourX Trading Conditions

Registered Region Saint Lucia

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@ifourx.com

Contact Number +971521663172

Website ifourx.com

Balanced Review

Pros & Cons

Pros

Trading platform: MT5 with advanced features
Maximum leverage of 1:500
Offers demo accounts for practice
Minimum deposit starting at $100
Spreads from 0.7 pips on VIP accounts

Cons

No regulation in major jurisdictions
High minimum deposit requirement of $10,000
Wide spreads starting from 3.0 pips
Limited trading instruments (no crypto, stocks, or ETFs)
Reported issues with withdrawal processes

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	iFourX	Fintrix Markets	Wisdom Financial Service	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Saint Lucia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.8/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does iFourX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Platinum Account	Beginners and Retail Traders	Low minimum deposit, competitive spreads	Suitable for small-capital practice
ECN Account	Experienced Traders	Tight spreads, lower commissions	Requires higher trading volume
VIP Account	Professional and High-Volume Traders	Premium services, best spreads and commissions	Requires significant capital

Account Opening Process

To open an account with iFourX, traders must follow a straightforward process. First, users need to submit personal information, including their name, address, and contact details. Next, employment details and financial information must be provided to assess the trader’s experience and financial situation. Identity verification is crucial, requiring valid ID and proof of address documents. Traders should note that there is flexibility in the account structure, allowing for upgrades to a professional account as trading volumes increase over time.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.7	$5 (VIP), $7 (ECN), $10 (Platinum)	Tight spreads for major pairs
Forex (GBP/USD)	0.8	$5 (VIP), $7 (ECN), $10 (Platinum)	Competitive rates for GBP pairs
CFDs (Indices)	1.5	$0	Standard spreads for indices
CFDs (Commodities)	2.0	$0	Transparent pricing on commodities
Cryptos (BTC/USD)	1.5%	0.1%	Variable depending on market conditions

Other Fees

iFourX has various additional fees that traders should consider. There may be deposit and withdrawal fees depending on the method used; for example, bank transfers may be free, but card payments can incur charges. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, traders should be aware of overnight interest (swap rates) for positions held overnight and potential currency conversion fees on deposits or withdrawals in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

iFourX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

London, UK

★ ★ ★ ★ ★

I have been trying to withdraw my funds for weeks now, but every time I request a withdrawal, it gets blocked. Their customer support is completely unresponsive. It’s incredibly frustrating and feels like I’m dealing with a scam. I would not recommend iFourX to anyone!

Emily Johnson

Toronto, Canada

★ ★ ★ ★ ★

The trading platform is decent, but the withdrawal process is a nightmare. I have emailed support multiple times with no response. I feel stuck and worried about my funds. Definitely not worth the hassle.

Michael Lee

Sydney, Australia

★ ★ ★ ★ ★

iFourX has a user-friendly interface and I appreciate the speed of execution on trades. I had a few minor issues with customer support, but overall, my trading experience has been quite positive. Just wish their support was a bit more responsive.

Sarah Williams

New York, USA

★ ★ ★ ★ ★

I have been using iFourX for several months now, and I am very pleased with the platform. The MT5 interface is robust and easy to navigate. My trades are executed swiftly, and the educational resources available helped me improve my trading skills significantly. Highly recommend!

Saint Lucia Market