IMMFX Review

Country : Saint Vincent and the Grenadines

Max. Leverage : 1:100

Demo account :

Foundation : 2014

Min. Deposit : 200 USD

US Clients :

IMMFX offers three kinds that live accounts for trading: Standard, Micro and Pro. The broker also offers a no-cost demo account with a virtual value of $50 000 which is available for testing trading. The broker also provides an account that is managed.

IMMFX provides an asset portfolio consisting of CFDs and forex pairs on precious metals, commodities as well as indices, energi, and equity.


Broker Regulation Summary
Regulation Name Of Regulation Country What is
AFSC Anguilla Financial Services Commission Angola The Anguilla Financial Services Commission (AFSC) is aware that there have been increased efforts by individuals to target vulnerable sections of the general public in order to partake in forex trading and binary options trading.
FSC Financial Supervision Commission United Kingdom The Financial Supervision Commission (FSC)
FSC Bulgaria Financial Supervision Commission of Bulgaria Bulgaria Financial Supervision Commission of Bulgaria (FSC Bulgaria)
FSC Mauritius Financial Services Commission of Mauritius Mauritius Financial Services Commission of Mauritius (FSC Mauritius)
FSC of BVI Financial Services Commission United Kingdom BVI Financial Services Commission (FSC of BVI)
FSCA Financial Sector Conduct Authority South Africa Financial Sector Conduct Authority (FSCA)
FSCL Financial Services Complaints Limited New Zealand Financial Services Complaints Limited (FSCL)
FSCS Financial Services Compensation Fund United Kingdom Financial Services Compensation Fund (FSCS)
IFSC International Financial Services Commission Belize Forex brokers in Belize are regulated by the International Financial Services Commission (IFSC), an independent self-regulatory agency under the Ministry of Belize Securities and International Financial Services Commission Act.
VFSC Vanuatu Financial Services Commission Vanuatu Vanuatu Financial Services Commission is the financial regulatory authority of Vanuatu. It was created by the Vanuatu Financial Services
FSPR Financial Service Providers Register New Zealand Financial Service Providers Register. Website: www.fma.govt.nz
Max. Leverage 1:100
Min. Deposit 200 USD

IMMFX Advandage and Disadvandage

Advandage
  • MT4
  • High leverage
  • Low deposit
Disadvandage
  • Offshore

IMMFX is a broker for forex part of the company IMM Group, which is located in the offshore zone of Saint Vincent and the Grenadines and is overseen through the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA).

The situation gets confusing, because in a separate section of the website the company states that it is governed by the SVGFSA as well as the Vanuatu Financial Services Commission (VFSC). The relationship between these two zones offshore, that are oceans apart, and the reasoning of having two separate offshore regulations are a mystery to us.

However, these offshore regulations, regardless of how many broker is able to meet, don’t provide much protection for clients We advise prospective traders to look for brokers that have adequate supervision, such as the one offered by the Britain’s FCA as well as ASIC, the Australian regulatory body ASIC.

Platforms for trading

IMMFX provides the most well-known trading platform today that is MetaTrader 4 (MT4). It has been in operation for over a decade and is highly regarded by both traders and brokers.

MT4 offers a variety of functions and charting and analysis tools. It is compatible with autotrading and Expert Advisories, and is easy to use and reliable. It lets traders create and implement their individual trading strategies, and also allows hedges.

In addition, MT4 supports money management accounts, too.

Promotions

IMMFX offers a welcome gift to new customers. It is up to $500,000 and subject to conditions and terms.

Payment methods

IMMFX offers a vast listing of payment options. It accepts payment via credit card and bank transfer. It also accepts the following payment methods available online I-Account PayPal, Payza, FasaPay, Paysafe Card, Perfect Money, OKPay, China Union Pay, UAE Exchange, Money Polo, PayCo, Upay Card, as and Wire services Western Union and MoneyGram.

Conclusion

IMMFX operates as an offshore brokerage, and this fact should cause extra care when deciding whether or not to create an account with them.

The overall conditions for trading are generally normal for the sector however, the leverage is 1:1000, which can be quite uncommon. A bonus is the small initial deposit required for the Micro account.

 

IMMFX Summary
IMMFX Details Information
Regulators FSC, FSPR
Country Saint Vincent and the Grenadines
Base Currencies EUR, USD
Type Of Brokers ECN, STP
Trading Platform Desktop, Mobile, MT4
Established Year 2014
Website Language English, Chinese
US Clients
IMMFX Spreads
Option Information
Minimum Spreads 0.0
Commission
Fixed Spreads
IMMFX Payment & Withdrawal Option
Option Information
Acc Funding Methods Skrill, Wire transfer, WebMoney, Perfect Money
Acc Withdrawal Methods Skrill, Wire transfer, WebMoney, Perfect Money
IMMFX Suitable For
Option Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading
IMMFX Trading Account Options
Option Information
Maximum Leverage 1:100
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit 200 USD
Islamic Account
IMMFX Trading Services
Option Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings
IMMFX Contact & Support
Option Information
Telephone No +49(451)12109750
Email support@immfx.com
24 Hours Support
Support During Weekends
Address N/A

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