Independent rating of Forex broker IMMFX
0/10 (votes 100)
On-line since
2006
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Country of origin
Saint Vincent and the Grenadines
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Regulation
FSA and SVGFSA
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Payment options
credit cards, electronic payment systems, wire transfer
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Minimum account size
$100
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Minimum lot size
0.01 lot
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Leverage
up to 1:500
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Spreads
fixed, floating from 0.2 pips
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About company
IMMFX is a regulated STP broker registered as an international business company (IBC) under the trade name of IMM Group Ltd. The broker is regulated by the Financial Services Authority (FSA) and Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The company works with both retail and institutional traders, providing its services worldwide. The broker is licensed by the financial authorities which means that traders may rely on certain guarantees. All customers’ funds are kept in segregated accounts separately from the company's own money. This measure ensures that clients' funds will not be used for the broker's personal purposes. In 2017, IMMFX was awarded the best ECN/STP Forex Provider in Saint Vincent and the Grenadines.
Trading conditions
- only one account type - Prime Account
- all trading strategies are allowed
- opportunity to trade more than 50 currency pairs, cryptocurrency, individual stocks, energy, precious metals (gold and silver), stock indexes, and CFD.
- demo account for newcomers
- swap-free accounts available to both Muslims and non-Muslims
- full hedging
- expert advisors
- 20% welcome bonus for novice traders
- Back Office Account Manager
- МАМ
- negative balance protection
- many alternative ways to top up trading account via Fasapay, Perfect Money, i-Account Paysafecard, OKPAY, Union Pay, i-Account Paysafecard, MoneyGram, UAEXCHANGE, WESTERN UNION, etc.
- commission
- one-click trading
- micro or standard lots
- real-time charts and global market analysis (technical and fundamental) are available 24/5
- promo campaigns
- free training videos for beginners
Trading platform
IMMFX offers its clients the most popular trading software - MetaTrader 4 (MT4). The MT4 trading platform provides access to different functions, as well as tools for charting and detailed technical analysis. MetaTrader 4 supports autotrading and expert advisors. It is suitable for any trading style. Besides, investors praise its impeccable work without delays. With the help of MT4, speculators can develop and implement their own trading strategies and take advantage of access to the hedging function. Only master accounts exist in MT4, while slaves are web-based accounts displayed on the client BackOffice, with no corresponding accounts in MT4. All functions of the master account (including commissions and swaps) are distributed between the subordinate accounts.
Support service
The broker’s clients can contact the support service by phone, email, live chat, and Skype. The company's customers can also order a callback. Customers can find the latest news about IMMFX in the broker's profile on Facebook and Twitter.
Traders’ reviews
On the web, there are both positive and negative reviews about IMMFX. Many traders claim that the broker exists solely due to deposits of newcomers who are lured by promises of huge profits. Most often these promises are nothing less but deception. In addition, clients complain about being ignored by the support service when it comes to disputes. However, some investors are satisfied with the company’s trading conditions. They are grateful to the broker for its competitive spreads and a wide choice of trading instruments.
Advantages:
- regulated broker
- demo account for novice traders
- narrow spreads
- large array of trading instruments
- МТ4
- minimal slippage
- high leverage
- free training materials
- promo campaigns and bonuses
- hedging
- many alternative ways to top up account
Disadvantages:
- offshore broker
- one account type
- commission