We will thoroughly explain the flow of how to open an account and verify your identity at the overseas Forex company iFOREX. iFOREX was founded in 1996 and has accumulated trust and a proven track record as a long-established broker. In this article, we will explain the steps to open an iFOREX account and what to do after opening an account.
- iFOREX Company Information and Safety
- Documents Required for Opening an iFOREX Account
- iFOREX Features
- 🌍 1. Long-established international FX broker (long history of operation)
- 💻 2. Scalable Trading Products
- 📈 3. Proprietary Platform (Web/App)
- 📊 4. High Leverage & Risk Protection
- 📉 5. Competitive Spreads and Trading Conditions
- 🎓 6. Educational Support & Market Information
- 🎁 7. Bonuses and Promotions
- ❗ 8. Restrictions on Trading Styles
- iFOREX Trading Options
- iFOREX account opening procedure
- Frequently asked questions and precautions
- ⚠️ ① Always complete KYC (Know Your Customer)
- ⚠️ ② Enter your registration information accurately.
- ⚠️ ③ The account name must be in your own name.
- ⚠️ ④ Not registered with the Financial Services Agency of Japan.
- ⚠️ ⑤ Be sure to check the bonus terms.
- ⚠️ ⑥ There is only one basic account type.
- ⚠️ ⑦ Leverage and Risk
- ⚠️ ⑧ Account Inactivity Fee
- Frequently Asked Questions
iFOREX Company Information and Safety
iFOREX is an online broker offering foreign exchange (FX) and CFD trading, known for its long history and international user base. However, reviews of its safety are mixed, so we will also summarize these points.
📌 ① Company Overview
Operating Company: Formula Investment House Ltd. (with other entities, including the group)
Established: Believed to have been in operation since 1996, it has a long history.
Services: CFD trading of FX, stock indices, commodities, stocks, ETFs, cryptocurrencies, and more.
A Japanese-language website and support are available, and services for Japanese traders are also available.
🔐 ② Regulations and Licenses (Key to Safety)
iFOREX is reportedly operating under multiple licenses around the world, but reviews are divided.
✔ Relatively Positive Information
Licensed by the British Virgin Islands Financial Services Commission (BVI FSC).
→ Basic security measures are implemented, including segregated management of client funds and SSL encryption.
⚠ Points requiring some caution
There is also information regarding a CySEC (Cyprus Securities and Exchange Commission) license (however, some sources point out that the certification status is uncertain).
British Virgin Islands licenses are sometimes considered to be less regulated than those in Europe and the United States (e.g., FCA/ASIC).
Independent review sites have also noted that “it is risky without a license from a stronger regulatory agency (e.g., FCA, ASIC).”
👉 In other words, while the broker is not completely unregulated, it may not be subject to so-called “strong Tier 1 regulation,” so the risk assessment is high.
💼 ③ Security Management of Customer Funds
✅ Separation of customer funds from company funds
✅ Data protection, including SSL encryption and firewalls
✅ Negative balance protection (a system that prevents account balances from going negative)
*However, some sources suggest that this does not provide trust protection (a system in which funds are stored by a third-party institution).
📊 ④ Reputation and Problem Reports
Pros
It has a long history of operation and is said to be relatively popular among Japanese users.
Caution
Some review sites and reputations contain user reports of “delayed withdrawals” and “insufficient support,” so individual case reports of problems also exist.
- Online reviews vary in credibility, so caution is advised against relying too heavily on them.
Documents Required for Opening an iFOREX Account
Here is a summary of the general requirements for documents (identification documents) required to open an iFOREX account, based on overseas FX Know Your Customer (KYC) rules:
📑 ① Identification Documents (ID)
The ID required for account opening and identity verification is an official ID with a photo, name, and date of birth. One of the following is usually accepted (submit a clear, color image):
🔹 Examples of Acceptable ID Documents:
Passport (photo page)
Driver’s License (front and back)
My Number Card (front and back)
*All documents must be within their expiration date.
👉 After depositing funds by credit card, you may be asked to submit a copy of both sides of your card (with the card number and CVV partially obscured).
🏠 ② Address Verification Documents (Proof of Current Address)
Documents issued within the last six months that verify your address are required (PO Box addresses are not accepted):
🔹 Examples of Address Verification Documents:
Utility Bill (Electricity, Gas, Water, etc.)
Bank Statement
Credit Card Statement
Resident Registration Card
Cell Phone/Internet Bill
*All documents must clearly state your name, address, and issue date.
🧾 ③ Additional Documents (Depending on the Circumstances)
In some cases, you may be asked to submit additional documents, such as:
✅ If you deposited with a credit card
→ Copy of both sides of the card (with the number partially obscured)
✅ Additional Identity Verification
→ Submit only if required by the broker
📌 Additional Points
✔ Submission of Identity Verification Documents is Required
→ While you can deposit funds, you will generally be required to submit identification documents before withdrawing funds.
✔ Clearly photograph/scan documents
→ Blurry, missing, or cut documents may require resubmission.
✔ Your account will be activated once your documents have been verified
iFOREX Features
🌍 1. Long-established international FX broker (long history of operation)
Established in 1996, iFOREX is a long-established online broker with over 25 years of experience.
It has a history of being supported by many traders globally.
👉 Its proven track record, even among international FX brokers, is one of the reasons for its reliability.
💻 2. Scalable Trading Products
Trade not only FX (currency pairs), but also a wide range of CFDs, including stocks, indices, commodities, ETFs, and cryptocurrencies.
With over hundreds of products available, you can access markets around the world.
👉 Suitable for those who want to invest in a wide range of asset classes, not just foreign exchange.
📈 3. Proprietary Platform (Web/App)
We offer our own proprietary trading platform, rather than external tools like MT4/MT5.
No installation required; use it with just your browser, or trade via a smartphone app.
✔ Features a user-friendly UI, even for beginners.
📊 4. High Leverage & Risk Protection
Maximum leverage is 400x (may vary by product).
0% stop loss level and zero-cut system (no margin calls) prevent losses greater than your investment.
👉 Ideal for traders looking to trade small amounts but large amounts.
📉 5. Competitive Spreads and Trading Conditions
Spreads are relatively narrow, designed to keep trading costs low.
Flexible trading units, starting from 1,000 units.
🎓 6. Educational Support & Market Information
Market analysis reports, educational content, video tutorials, and more are provided.
Individual support from a trading coach may also be available.
👉 This broker is committed to educating beginners.
🎁 7. Bonuses and Promotions
Deposit bonuses (e.g., 100%) may be offered on first deposits as part of campaigns.
*This is for a limited time only, not permanent.
❗ 8. Restrictions on Trading Styles
There are rules prohibiting scalping (short-term trading) and automated trading (EAs).
→ This service is not suitable for those who frequently use these methods.
iFOREX Trading Options
iFOREX offers a wide range of trading options, including not only FX (currency pairs), but also stocks, commodities, indices, ETFs, cryptocurrencies, and more, all traded via CFDs. Below is a summary of each category: 👇
📌 1. Currency Pairs (FX)
Over 80 currency pairs available
→ Major (e.g., EUR/USD, USD/JPY)
→ Numerous minor and exotic pairs also supported
Leverage up to 400x (varies by stock and region)
📈 2. Stock CFDs (Individual Stocks)
Trade hundreds to thousands of corporate stocks from around the world
→ A wide selection including US, European, and Japanese stocks
Examples: Global brand stocks such as Apple, Tesla, and Amazon are also available via CFD trading
📊 3. Stock Index CFDs
Trade stock indices from major global markets
→ Popular indexes such as the S&P 500, DAX 40, FTSE 100, and Nikkei 225 are supported
🛢 4. Commodity CFDs
Precious metals such as gold and silver
Energy products such as crude oil (WTI, Brent, etc.) and natural gas
A wide range of commodity CFDs are available, including agricultural products such as coffee, sugar, and cotton.
💹 5. ETFs (Exchange-Traded Funds)
Trading of global ETFs is also available via CFDs.
A wide variety of ETFs are available, including index and thematic ETFs.
🔗 6. Cryptocurrency CFDs
Trading of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH),
XRP (Ripple), Litecoin (LTC), DOGE (Dogecoin), and many other cryptocurrency CFDs is available.
iFOREX offers cryptocurrency CFD trading on weekends (something that is not available at other overseas forex brokerages).
iFOREX account opening procedure
We will look at the steps to open an iFOREX account with images. First, click the button below to access the official website. You will need to fill out the account opening form. It takes 1 minute to fill out the account opening form and about 5 minutes to submit your identity documents, so you can easily complete the application and procedures in 10 minutes. You can also do it from your smartphone. Compared to others, this is a recommended broker. Deposits and withdrawals are smooth and there are bonuses. In addition, corporate accounts are available and the platform has a very high reputation. You can log in and enjoy trading on the app.
The language can be changed using the language switch button on the top right. In addition to Japanese, it supports multiple languages such as English, Spanish, French, and Arabic.
Source : https://www.iforex.jpn.com/
You can start by clicking the registration button at the top right of the screen.
Source : https://www.iforex.jpn.com/
Fill in the account opening form
The first step is to fill out the account opening form. Set your last name, name, email address, and password. You can open an account by entering your country code and phone number. Please enter your email address and phone number using half-width alphanumeric characters. Please note that only one email address per person can be registered with iForex.
Source : https://www.iforex.jpn.com/
On the next page, enter the security code that is displayed. Make sure that the security code you entered is correct, and read and check the terms of transaction and handling of personal information. Registration will then be completed. Once registration is complete, a password will be automatically generated. This completes the iFOREX account opening procedure.
Source : https://www.iforex.jpn.com/
Email verification (phone verification)
Once you have completed opening an iFOREX account, an email confirmation will be sent to your registered email address. The email sent to you will contain the information you need to log in (user name (email address), account number, password), so be sure not to lose it. Click the “Login & Transaction” button in the email to complete authentication.
Enter personal information
Next, you will need to enter your personal information. Please be sure to do this, as your account will be restricted and you will be unable to make deposits or transactions until you complete entering your personal information. Once you have completed opening an iFOREX account, please log in and select “Personal Information” on My Page. Then select “Update Information”.
Source : https://www.iforex.jpn.com/
You will be required to enter detailed personal information.
Source : https://www.iforex.jpn.com/
- Title: Select gender
- Name: Enter your name
- Last name: enter your last name
- Phone number: Enter your phone number
- Nationality: Enter your nationality
- Address: Enter address
- City: Enter city/ward/town/village
- Postal code: Enter postal code
- State/Province: Enter state/province
Please enter/select your gender, first name, last name, phone number, nationality, address, and postal code. All information must be entered in half-width alphanumeric characters and Romaji, so be careful not to make any mistakes. When all input is complete, click the “Next” button. Please enter additional details.
Source : https://www.iforex.jpn.com/
- Date of birth: Enter the day, month, and Western calendar in that order.
- My Number: Enter your ID number
- Occupation: Enter your occupation
- Funding source: Enter the funding source
- Annual income: Enter your annual income
- Net worth: enter the asset amount
- Planned investment amount: Enter the planned investment amount
- Questionnaire: Select Yes or No
All information must be entered in half-width alphanumeric characters and Romaji, so be careful not to make any mistakes.
Submit and upload identity verification documents
The next step is to submit and upload identity verification documents. You can start by selecting “Upload Documents” from “Personal Information” in the My Page menu. Two items are required: proof of identity and proof of current address.
Source : https://www.iforex.jpn.com/
The ID must be a passport, driver’s license, My Number card, residence card, etc., and it must have a photo, be issued by a public institution, be in color, and not have an expiration date. Take a clear photo and upload it.
Proof of current address must be issued within the last 6 months. The file size of all submitted documents must be 10MB or less. File formats include Word, PDF, JPEG, PNG, and GIF. Documents that can be submitted include resident card, credit card company bill, bank statement, mobile phone bill, utility bill statement (water, gas, electricity), etc.
When will identity verification end?
When I actually uploaded it, the check was completed within a day. iFOREX is closed on Saturdays and Sundays, but I think it will be completed within one day on business days. In some cases, you may be asked to resubmit. Submit a clear image. Once this is done, your account will be activated and you will be able to trade.
Frequently asked questions and precautions
⚠️ ① Always complete KYC (Know Your Customer)
You may be able to trade immediately after opening an account, but identity verification is required before withdrawing funds.
Failure to submit this information may result in withdrawal denial or withholding.
✔ Identification
✔ Address verification (within 6 months)
👉 “Complete KYC before depositing” is safe.
⚠️ ② Enter your registration information accurately.
Name should be in Roman letters and match exactly with your ID.
Be careful not to make mistakes in your address.
Incorrectly entering your date of birth or phone number is a hassle to correct later.
❗ False statements risk having your account frozen.
⚠️ ③ The account name must be in your own name.
Cards, bank accounts, and wallets used for deposits must be in your own name.
Family members’ names are generally not allowed.
⚠️ ④ Not registered with the Financial Services Agency of Japan.
iFOREX is an overseas FX broker.
It is not registered under Japan’s Financial Instruments and Exchange Act.
👉 Understand the risks of using an overseas broker before using this service.
⚠️ ⑤ Be sure to check the bonus terms.
Deposit bonuses are subject to withdrawal conditions (trading volume requirements).
Receiving a bonus may result in withdrawal restrictions.
👉 You may also be able to decline the bonus if you do not need it.
⚠️ ⑥ There is only one basic account type.
MT4 and MT5 are not available; the service uses its own proprietary platform.
EAs (automated trading) are generally not available.
👉 Check in advance if you intend to use automated trading.
⚠️ ⑦ Leverage and Risk
Maximum leverage is high (compared to overseas FX).
High leverage trading carries the risk of increased losses.
✔ Negative balance protection is available (a system that prevents you from incurring debt beyond your current balance).
⚠️ ⑧ Account Inactivity Fee
If you do not trade for a certain period of time, you may incur an account maintenance fee (inactivity fee).
👉 Be careful not to leave your account unused for long periods of time.
Frequently Asked Questions
Q1. Is opening an account free?
👉 It’s completely free.
There are usually no account maintenance fees (though dormancy fees may apply if an account is unused for a long period of time).
Q2. How long does it take to open an account?
Registration itself: Approximately 3-5 minutes
KYC (Know Your Customer) review: Approximately several hours to one business day
Incomplete documentation may cause delays.
Q3. When do I need to submit my ID documents?
👉 It’s required before withdrawing funds.
We recommend submitting them immediately after opening an account to ensure smooth trading.
Q4. Can I open an account using just my smartphone?
👉 Yes.
You can complete the registration and document upload process using your smartphone.
Q5. Is Japanese support available?
👉 Yes.
Japanese website and support are available.
Q6. Is there a demo account?
👉 Yes.
You can practice without using real money.
Q7. Can I choose my account type?
👉 There is basically only one type of trading account.
We do not offer MT4/MT5 and use our own proprietary platform.
Q8. Can I receive a bonus just for opening an account?
👉 There is generally no regular “account opening bonus.”
This is only applicable when there is a limited-time campaign.
Q9. Can I open multiple accounts?
👉 Generally, one account per person is the standard.
Duplicate registrations may be subject to suspension.
Q10. Is overseas FX safe?
👉 iFOREX is an overseas broker.
As it is not registered with the Financial Services Agency of Japan,
you must understand the risks associated with overseas FX trading.
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