iFOREX began trading on the London Stock Exchange’s Main Market on Wednesday, with its shares up 6% at 207 pence. The British Virgin Islands-based broker is listed under the ticker IFRX.iFOREX Starts Trading on Main MarketThe listing completes a process that iFOREX first launched in May last year before it paused the transaction to address compliance issues raised by authorities in the British Virgin Islands.The company has now secured admission for its entire issued share capital, almost 22.2 million ordinary shares, which are now freely tradable in London. With the current share price, the broker's market value is approximately 46 million pounds on the Main Market.Founded in 1996, iFOREX operates a proprietary online and mobile trading platform that offers contracts for difference on more than 870 instruments, including currencies, commodities, indices, stocks, cryptocurrencies and ETFs. The company supports the platform with its own technology suite, which covers customer relationship management, risk monitoring, payments and marketing tools.Resuming London Listing After Compliance HaltiFOREX closed the fourth quarter of 2025 with revenue of $13.5 million and EBITDA of about 2 million dollars, a rebound from the prior quarter’s $7.7 million in revenue and negative $3.1 million in EBITDA.According to its IPO prospectus, the group generated $27.6 million in the first half of 2025, bringing full‑year revenue to $48.8 million, slightly below the $50.1 million reported in 2024. Adjusted EBITDA for 2025 is expected to be around $4 million, down from $9.7 million a year earlier.Chief Executive Officer Itai Sadeh said the London listing marks an important step for the group. He noted that admission to the Main Market and the demand for the initial public offering reflect the company’s foundation and its growth potential."The strong interest in our initial public offering reflects the solid foundation and growth potential we have built together. With a clear strategy, proprietary technology, and a robust platform focused on international expansion, we are well placed to embrace the opportunities ahead and deliver long-term sustainable value for our clients and shareholders."iFOREX first moved towards a London listing in May 2025 but had to halt the process for several months after regulators in the British Virgin Islands opened a compliance inspection into the company’s affairs, according to prior reporting by Finance Magnates. The review focused on the firm’s adherence to local regulatory requirements and needed to be resolved before the IPO could proceed. As a result, the flotation remained on hold for about seven months while iFOREX addressed the issues raised and worked with the authorities to close out the inspection. This article was written by Jared Kirui at www.financemagnates.com.

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