IIFL vs Forex.com

IIFL vs Forex.com Comparison Table 2022
IIFL Forex.com
WINNER
Forex.com is the better broker
Not Yet Rated
United States Flag Traders from US accepted
4.5
United States Flag Traders from US accepted
IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees. Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
Awards
  • Best US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
Promotions

Forex.com Offers Welcome Bonus Up To $5000

Bonus
Gift vouchers worth up to ₹5000 No
Instruments
Stocks, Futures, Options, Forex Stocks, Futures, Options, CFD, Forex, Crypto
Demo Account
No Yes
Minimum Deposit
1000 Rs $100
Payment Methods
Minimum Trade
$1
Regulator
SEBI CySEC, IIROC, NFA, CFTC, FCA, CIMA
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No
OmniTrader
No No
TradingView
Yes
Autochartist
Yes
eSignal
Yes
Trading Central
Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
IIFL Markets & IIFL Mutual Funds iOS & Android
Auto Trading
Automated trading supported through platforms (MT4)
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
No Yes
Account Currencies
  • INR
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Go long and short on a range of popular financial markets
Leverage
1:200
FTSE Spread
1 pt
GBPUSD Spread<
1.0 Var
Oil Spread
0.04 Var
Stocks Spread
0.1% (Min Commission Applies)
Forex Trading
IIFL offers forex trading on a range of pairs with the Indian Rupee (INR). Forex.com are a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry.
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread
Not offered 1.0 Var
EURUSD Spread
Not offered 0.8 Var
EURGBP Spread
Not offered 0.8 Var
Assets
20+ 80+
Cryptocurrency
Crypto trading not offered Trade the major cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account. Note, cryptos are not available in the US or Canada.
Spread
BTC 1.4%, ETH 2%
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No
Auto Market Maker
No No
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