iFOREX Arab has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not believe the bonus offer from iFOREX Arab. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clean UI|Copy trading available|Social trading features
Cons: Cannot customize dashboard fully|No live chat on mobile
I closed a profitable position at iFOREX Arab and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Detailed reporting|Professional team
Cons: Withdrawal takes 1-2 business days
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. iFOREX Arab said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Full transparency|Social trading features|Good mobile app|Professional team
Cons: Would like more payment methods|Email notifications too frequent
The platform at iFOREX Arab is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for nearly two years of dealing with this, I have had enough.
Pros: Competitive fees|Excellent charting
Cons: Limited social trading features|Wish they had more educational resources
Tried to withdraw my funds from iFOREX Arab and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
iFOREX Arab has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Copy trading available|Detailed reporting
Cons: Wait times can be long during peak hours
I referred a friend to iFOREX Arab through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Regular updates|Risk management tools
Cons: Limited ETF selection|Minimum deposit could be lower
I lost a significant amount because iFOREX Arab did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Tax reports included|Fast support response|Low minimum deposit
Cons: No fractional shares
iFOREX Arab offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Risk management tools
Cons: Limited demo account features|Withdrawal takes 1-2 business days
After for over three years with iFOREX Arab, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Segregated accounts|No hidden fees|Reliable uptime
Cons: Cannot customize dashboard fully