Based in Kingstown, Saint Vincent, and the Grenadines, IMMFX is a retail trading broker that offers access to trade forex, commodities, stocks, indices, and digital currencies. Trades are carried out using the popular MT4 trading platform. There are various educational resources, trading tools, and a responsive client support team to assist traders. The minimum deposit required to start trading is $100.
Pros / Cons
- MT4 trading platforms
- Multiple financial markets
- Flexible funding options
- Educational resources
- Useful trading tools
- Offshore broker
- Not the lowest spreads
- No MetaTrader 5 platforms
- No USA clients
In this detailed IMMFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Our #1 Broker 2022
IMMFX is an award-winning online trading broker that gives traders access to the global financial market. They operate the STP execution model and ensure no conflict of interest. They provide traders with competitive trading conditions — such as low spreads, flexible leverage, various payment methods, fast execution, convenient trading environment, and more — to make it easier for them to enjoy their trading experience. The broker has won the following industry awards: Best Forex Research 2018, Best Sell-Side Analyst Contributor 2017, Best Execution broker 2016, and more.
IMMFX is a trading name of IMM Group Ltd. IMM Group Ltd is a regulated forex broker registered as an International Business Company (IBC), under reference no. (IBC #22074), operating under Saint Vincent and the Grenadines Financial Service Authority (SVGFSA) of the Community of Latin American and Caribbean States (CELAC) and the Caribbean Community (CARICOM).
IMMFX does not accept clients from the following countries: Eritrea, Ethiopia, Iran, Japan, North Korea, South Sudan, and the United States of America.
Some IMMFX features and products mentioned within this IMMFX review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the MetaTrader 4 trading platform. It was created by MetaQuotes Software in 2005 and is now the world’s most popular online forex trading platform. Despite the launch of the MetaTrader 5 platform in 2010, IMMFX remains exclusively on MT4 due to its functional complexity, proven reliability, and continued global popularity among both brokers and traders. The IMMFX MetaTrader 4 platform is designed for all styles of traders. Whether you prefer to trade using automated algorithms, technical indicators, or fundamental analysis, MetaTrader 4 provides you a streamlined and focused trading experience. The MT4 trading platform is available in desktop, web, and mobile versions.
IMMFX Trading Tools
Traders are provided with a selection of useful standalone trading tools to help them get the most out of their trades. These tools include Forex VPS, Currency Converter, Trading Calculators, Trading Signals MQL, Real-time Charts, TradingView, and an Economic Calendar showing the schedule of future market events’ expected impacts on the financial markets.
There is a good selection of educational resources on the broker’s website. These educational resources help traders make knowledgeable trading decisions. They include learning articles, trading guides, video tutorials, blogs, FAQs, and news that keeps traders informed on the latest happenings in the financial markets.
The broker offers the following trading instruments: forex, commodities, stocks, indices, and digital currencies.
IMMFX Accounts & Fees
IMMFX offers a live account that is known as the Prime account. It requires a minimum deposit of $100 and offers leverage of up to 1:200.
As broker fees can vary and change, there may be additional fees that are not listed in this IMMFX review. It is imperative to ensure that you check and understand all of the latest information before you open an IMMFX broker account for online trading.
The broker’s client support team is available 24/7 to respond to clients’ general, technical, and account-related inquiries. They can be contacted via telephone, email, Live Chat, and social media.
IMMFX Deposit & Withdrawal
Traders are allowed to deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank transfers
- Credit/Debit cards, such as Visa, MasterCard, American Express, Maestro, and Discover
- Electronic payment processors: Advcash, Payco, payeer, EPay, fasapay, Perfect Money, SticPay, and more.
- Cryptocurrency: Bitcoin
- Western Union and MoneyGram
The time taken to process a transaction is dependent on the payment method used.
IMMFX Account Opening
To open an account, click on the ‘Sign Up” button at the broker’s website’s top right corner. Fill in the account application form appropriately, and then submit.
It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
With its head office in Kingstown, Saint Vincent, and the Grenadines, IMMFX is a retail broker that offers secure access to a wide range of financial markets. Trades are carried out using the MT4 trading platform, which is available in desktop, web, and mobile versions. The broker provides traders with educational resources and valuable trading tools, while a knowledgeable client support team can always render any requested assistance. The minimum deposit required to start trading is $100.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore you should not invest money that you cannot afford to lose.