iFourX, founded in 2024 and headquartered in Saint Lucia, operates as a forex broker offering trading services in various market instruments, including forex and commodities. However, it is important to note that iFourX currently lacks valid regulatory oversight, which raises potential concerns regarding the safety and security of funds. The broker provides services on the MT5 trading platform, allowing for a maximum leverage of up to 1:500, but traders should be wary given the absence of regulation and the inherent risks associated with unregulated trading environments.
As a forex broker, iFourX offers a range of trading accounts with varying minimum deposit requirements, starting from $100. Its platform features aim to cater to diverse trader needs, although users have reported issues with customer support responsiveness. While the broker does provide a demo account for practice, the high minimum deposit and wider spreads may deter some potential clients. Overall, while iFourX offers accessibility to forex trading, the lack of regulation and reported operational challenges highlight the importance of due diligence for traders considering this broker.