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iFOREX fees

Cost is where brokers in the same regulatory bracket actually differ. The full fee record for iFOREX, from the database.

Facts last checked . Read the full iFOREX review.

What it costs to trade

Spread from
0.7 pips
EUR/USD spread
Approx. 0.8 pips
GBP/USD spread
Approx. 1.2 pips
Commission
$0
All-in cost, EUR/USD
Approx. 0.8 pips
Spread type
Variable
Overnight swap
Both: overnight financing may be charged or credited
Inactivity fee
$15 per quarter after 12 months inactivity
Deposit fee
None internally
Withdrawal fee
Generally none; $20 international wire transfer / $5 India local transfer
Currency conversion
Conversion at applicable exchange rate

What this means

Cost is where brokers in the same regulatory bracket actually differ.

Spreads from 0.7 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

iFOREX lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about iFOREX fees

What is the EUR/USD spread at iFOREX?

iFOREX records an average EUR/USD spread of approx. 0.8 pips on a variable pricing model.

Does iFOREX charge commission?

iFOREX's commission is $0. A commission account usually pairs with a tighter spread, so the two have to be read together.

Does iFOREX charge an inactivity fee?

iFOREX's inactivity fee is recorded as $15 per quarter after 12 months inactivity.

Fees at brokers under the same regulator

More about iFOREX