I am writing this with my personal experience with this broker. It uses bad trade practices and be-fooling the people. Also I realized that there are lot of bugs on its platform and if you loose money becoz of it, they will not agree. Rather they argue that the activity log of your account looks fine while at the same time you do not see the same activity log at your side. They also dupe ignorant traders by charging them high spread and giving them no bonus. A lot more experiences raises this doubt whether it is a scam?

Some of the lies by iforex.com -

*It says that you will get the initial bonus on making a trade of 200000 USD, but once you make a deposit you realize tht it becomes 1000000.

*They show a low spread in demo account and once you open a live account with them and deposit your money with them, the spread is as high as 5pips and they ask you to deposit more to reduce it. Even after reducing its too high as compared to other brokers in the market

* It has no regulatory body; thats one big reason to believe its a scam

*Once you make deposit of money you will see a drastic change in customer support.