Hi,

I don't know whether iforex is scam or genuine. Though I have spended $150 and lost all the money, didn't make any profit.

Rating:

They're good you should know how to trade.
Don't blame someone if you're losing cause of your greed. when you are in profit book it and keep on withdrawing your money on time.Keep minimum amount for trading .Be smart.

I have parted with $100. I'm still to trade but have the gut feeling that all the guys who say this is a SCAM are right. If its not,iforex please speak up and prove it!! Smelt a rat when I got an e-mail asking for a scanned copy of both sides of my credit card, including the cvv. The cvv is confidential and its not legal to ask for it! Now I've written to them for an explanation but don't really have much hope of getting one. I believe its too late as my $100 are gone!! So this is just a caution to others to not fall for this as I did.
In case things turn out to be otherwise I'll get back here and post it..but at this point of time I'm not optimistic!

1. Not Regulated.
2. You can not take our payouts.
3. Pretty much evident its a scam , see around whole internet.

I was surfing and just entered my details to see what was to happen. Lady called, apparently from Greece,as there time zone very similar to SA, email number are Greece code, but she phoned me twice form a local Voadacom and MTN number. Of course when you call back, nobody answers. BIG SCAM...

I have lost about $200 not due to faulty operative skill but fell prey to their manoevering and manipulating the iforex site always to their benefit .
As one can very well see that whenever you click on the favourable trend at say +16% it immediately jumps to -11% to make it in their favour,otherwise the movement going almost always steady + or- .This is not one case but almost invariably in hundreds of times.

At other times,if they see things going in your favour ,the site abruptly closes and you have to re-login and you would get quite different face of the site.

I am of firm opinion that this is great fraudester apart from their dubious identities.

only only only they are scammm!!!
They don't give my profit..

Hi,

I have read your reviews. But I still want to understand how they have duped you. Someone I trust very much has recommended iForex to me. Can you help me with more details? Can I get in touch with any of you?

i am also victim of iForex..Please don't join anyone iForex ..They are really fooling people.You will just loose your money..its fake ..I would suggest don't join any forex site or invest money there ..you will loose and whatever they gives offer it has some hidden secret.they don't tell anyone and second thing his senior officer never communicate in case any problem and they never communicate through email always communicate via phone so please beware to invest money in iforex.

This is one of the biggest frauds i have ever seen, they dont have any offices world wide, but they show as they are traders. If you guys dont trust then ask for their office address and give a visit to know the truth

never get my withdrawal all ready 6 month....and i try so many time to contact admin....but there still BIG SCAM

iFOREX_India: Welcome to IForex! Allow me to introduce myself as your chat representative..
iFOREX_India: How may I be of assistance?
Paresh: hi
Paresh: please can u tell me how to invest
Paresh: ??
Paresh: r u thr
iFOREX_India: hi how may i help you
Paresh: tell me how can i invest,min amt requires
iFOREX_India: You need to invest a minimum of $100 (Rs. 5000 approx) to activate you're a/c, after you activate your a/c, we provide you a practice a/c, 1-1 training to understand how to trade. After you understand how to trade only then you need to start trading with the $ 100 that you have invested, if you feel its too risky after trading on the practice a/c or if you do not want to trade in forex you have the option of withdrawing the $ 100
Paresh: how can i withdraw
Paresh: coz i came to know from dr.modi
Paresh: who is trading with u all
iFOREX_India: i didnt get you
Paresh: i have been referred by drmodi
Paresh: his maid id starts from drmodiclinic@
Paresh: can u ask sm1 to call me
Paresh: plz r u with me
iFOREX_India: yes sir
Paresh: when
iFOREX_India: who is your account manager
Paresh: can u tell me dr modi's A/c manager
Paresh: name
Paresh: i didnt recieved any call but i have been referred by dr.modi
iFOREX_India: ok
Paresh: his mail id starts from drmodiclinic@
iFOREX_India: wait i ll check
Paresh: ?
Paresh: r u
iFOREX_India: yes sir
iFOREX_India: i ll arrange call for you
Paresh: call me after 7.30 today
Paresh: where is ur office in india
iFOREX_India: in mumbai
Paresh: whr
iFOREX_India: malad
Paresh: can i get add
iFOREX_India: i m really sorry for that
Paresh: y
Paresh: y cant u give ur details
Paresh: plz
Paresh: coz im trading with alpari
Paresh: and they have off in mumbai
Paresh: BKC
Paresh: ??
Paresh: hello
Paresh: is this the way to deal with ur cst
iFOREX_India: sir i ll get call for you for this
Paresh: cant u tell
iFOREX_India: the address we cant give
Paresh: ok
Paresh: r u regulated
iFOREX_India: see more than 30000 customer are trading with us and they have not any problem till now
Paresh: k
Paresh: but regulater
iFOREX_India: for further details i ll get your account manager to call you
Paresh: ok il c
Paresh: who is ur companys ceo
Paresh: im askng all ths coz i need to know with whom all im dealing
iFOREX_India: yes sir do understand
Paresh: so who is ur ceo
Paresh: ???????/
Paresh: ok who owns ur company
Paresh: r u the
Paresh: thr
Paresh: I will b investng arnd
Paresh: $5000
Paresh: today if u gv me satisfactory answrs
Paresh: ok
Paresh: i got the answr that u all are frauds
Paresh: from many websites
Paresh: thr r blogs
iFOREX_India: wait
Paresh: what
iFOREX_India: Sir, the people who lose their money they say us fraud if you see the market has fallen by 800 pips within a month
Paresh: ok
Paresh: then
iFOREX_India: if you trade properly you will make money, if you don't know to trade ,definitely you lose your money in all the market
Paresh: but the blogs i have seen are on the problms with the withdrawals
Paresh: u might no be refunding d money
iFOREX_India: If the documents are proper they receive their funds within 8 to 10 working days
iFOREX_India: And the blogs can be written by any one even by the competitors, this strategies we dont apply.
Paresh: but y cant u provide me details on regulations
Paresh: i understand it happens only when d company is not proper with assets and investments
iFOREX_India: Sir, if you have gone through the regulations of the market it is totally an unregulated and Over the Counter market.
Paresh: i know d market is but d broker must b regulated
iFOREX_India: Sir, it is not an investment company it is a trading company. The company is known as Formula Investment House ltd.
Paresh: ok its the name but it must be having some regulater
iFOREX_India: yes it is registered in british virgin land greece athens.
Paresh: virgin island and greece r two different cntrys
Paresh: so this is not the valid proof
iFOREX_India: Sir, we can send you the trading agreement which contains all the details related to it. If you agree with all terms and conditions we can proceed further.
Paresh: trading agreement will be between u n me
Paresh: but this cant say that the company is registered smwhr
Paresh: can u tell me any membership number what ur company is having
Paresh: r u getting it
Paresh: i understand that u dont have any thing to say as genuine

iforex (iforex.com) is a fraud foreign currency broker and cheating people. Many investors in Asia Pasific region have lost their money to iforex. The company claims to be based in Athens, but in its tutorial documents, it is mentioned to be based in Virgin Islands. Clearly there are a lot of loopholes and evidence of frauds in their way of operations, but unfortunately new investors are just too inexperienced to figure them out. Be wary of iforex and do research well before depositing your money with any foreign exchange broker because if you fell into the trap there is nothing much you can do in case of such scam brokers like iforex. Because these scam brokers cannot afford to get the regulation certificate from forex regulator agencies like NFA, they do not fall under their jurisdiction and walk away scot-free plundering investors money.

iforex is duping people of their money. I have all the reasons to believe that it is certainly a scam, a fraud.
-When you are making huge profits you wont be able to close your deals.
-They can control the platform from their side
-Your password is provided by them which you can not change
-Their office address in the tutorial they sent via mail is different from that mentioned on their website
-They ask you to send scanned copy of both sides of your credit card(most dangerous thing). No one asks both side of credit card.
-They advertise 2 pips and show 3 pips on the demo, but once you open the trade account and deposit your money with them, they change the spread to 5 pip( this is most irritating)
-Even when someone calls from Greece( as they say it), its always the same person talking in local Mumbai accent.( I doubt that they call from mumbai itself and claim it as Greece)
-The Guy who called from Greece(as he told he did) told me that he gets a commission from my deposits. So he told me to tell iforex guys that he persuaded me to add more deposit( ridiculous and fishy)
-They refuse to give their local address in Mumbai
-There is no regulatory body for Iforex.com
- there are lots of bugs on its platform.

Now I have a very strong feeling that its a complete fraud by a few people who have developed this website. And when you deposit your money with them, they do not trade it rather share it among themselves. Now they show you loosing your money on their site by controlling your trades from back end.
I warn all forex traders to beware of this fraudulent so called forex trader.
And yes I lost more than 2000$ to them.

Rating:

I have been trading with Iforex from last many years its working properly I have not yet got any problem with the payment of the credit card. And the spread is lower in case if you have a premium account or lesser than that and there are account managers who are in touch with us since we were trading with them and the fact is the new vip trading signal and the economic calender is also working good............

Rating:

I have traded with them from 1 year. They are good

Rating:

I started with this company in Feb 2008. I noticed on many occasions that the price shown on the open (active) deal is differnet from market price shown on a different website. Also, when the market was moving in my faviour, their price on my deal stopped in red (loosing price) that I was not able to close the position.

They say they offer you :

Tight Spreads 3/5 pips (a must 5 pips spread)

Secure Online Payments ( have heard a lot they keep your details and they may use it)

Guaranteed Stop-Loss ( no guaranteed, many time break the stop lose limit without stop) , ( if your deal getting near to the SL they close the trade before its achieve it and steal of you at least 5 pips)

Commission Free (who said so?)


24/7 Account Access ( on news time its very diffcult to access your account + platform is rubbish always getting errors and s*cks to use based on java)

Negative Balance Protection ( no protection )

Iforex is totally bad nothing good in this company even they steal the daily outlook and recommendation from FXCM daily fx plus!