IMMFX Broker Review – High Leverage Forex Broker
- Posted on in Brokers with the highest leverage
Broker Name IMMFX Broker
Broker Type STP
Founded in April 1, 2014
Country of Origin SAINT VINCENT AND THE GRENADINES
Regulation AuthorityFSPC, SVGFSA, VFSC
Spread Type Variable
Minimum Spread (PIP)1 PIP
Minimum Deposit ($)$50
Minimum Volume (Lot)0.01
It obvious the new traders don’t like to trade with the new brokers. That is because they are concern about the safety of the funds. Well, IMMFX Broker was an exception. This broker was able to draw the attention of a good number of traders within a few months of starting operation in 2014!
It is true that, at present we are swamped with choices to open account with a broker as there are plenty of brokers in the field of retail forex trading. But you will definitely find IMMFX Broker more suitable than others. In this IMMFX FOREX BROKER REVIEW, we are going to find out the reasons for that. We hope, by reading this article, you will have a clear idea about how it would feel like if you start trading with IMMFX Broker.
ABOUT IMMFX Broker
IMMFX is a global STP Broker providing trading platform for currency, stock and CFD trading. The broker is registered and licensed under the regulation authority – VFSA. It offers varieties of trading accounts, trading software and trading tools to trade Forex, Commodities, Precious Metals, Energy, Indices and CFDs (Contracts For Difference) for both individuals and corporate clients. IMMFX broker is providing one-of-a-kind service to our clients around the globe. All client’s funds are held in a segregated bank account for ensuring the highest level of safety.
|Regulation Authority:||FSPC, SVGFSA, VFSC|
|Headquarter:||SAINT VINCENT AND THE GRENADINES|
|US Clients Accepted:||No|
IMMFX Broker is established by a group of highly experienced professionals and well-disciplined traders who are quite serious about traders’ success in the Global Financial Markets. IMMFX is a brand of IMM GROUP Ltd. The group is regulated by the Financial Service Provider Commission (FSPC) under license number FSP660943 and registered as an International Business Company (IBC), under reference no. (IBC #22074). IMM Group Ltd is being run by the rules of Saint Vincent and the Grenadines Financial Service Authority (SVGFSA) of the Eastern Caribbean States (CELAC) and (CARICOM).
Here is a screenshot of the regulation:
See the original copy of certificate from their official website: IMMFX Regulation
TRADING ACCOUNTS of IMMFX Broker
There are 4 different types of account available in IMMFX Broker. These are:
- Demo/Practice Account
Apart from these accounts, you can also open an investment account with IMMFX Broker.
IMMFX Investment Account
IMMFX Broker Forex Investment Account is an unique idea for traders who are willing to get profit from trading without being involved in trade. It is a special type of service for the traders. IMMFX Broker has developed a new Investment tool that will guarantee constant monthly ROI tailored in a newly created IMMFX Managed Investment Account. The Investment Account by IMMFX is completely in line with the brokers’ core values of Trust, Expertise and Transparency.
Trading Platforms of IMMFX Broker
3 different types of platform available in IMMFX Broker. These are:
- Metatrader 4 Platform
- MAM Platform
- Mobile Platform
Metatrader 4 Platform
As we all know that MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services; IMMFX has introduced the platform for the traders. It has everything you need for Forex trading. The powerful MetaTrader 4 (or MT4) platform allows you to implement strategies of any complexity. The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history – all these tools are at your disposal.
With the award winning trading platform MT4, trading becomes flexible and convenient. Analytical functions are one of the MetaTrader 4 platform’s strongest points. Online quotes and interactive charts with 9 periods allow you to examine quotes in all the details quickly responding to any price changes. 33 analytical objects and 30 built-in technical indicators greatly simplify this task. However, they are only the tip of the iceberg.
MAM Trading Platform
IMMFX Multi Account Manager (MAM) is designed specifically for Money Managers that utilize the Metatrader 4 (MT4) platform. MAM Trading Platform is ideal for traders that manage multiple accounts utilizing Expert Advisors (EAs).
MAM is a unique version of traditional MT4. This Trading Platform expands the functionality of the Metatrader 4 Platform by enabling the Money Manager to effectively trade and manage multiple accounts from a single MT4 interface. All managed accounts can be traded from a single MT4 client terminal application.
Read more on IMMFX MAM Platfrom from this article: MAM Trading Platform
Mobile Trading Platform
Now a days, Smartphones and tablets are indispensable in trading when you are away from your computer. That’s why IMMFX Broker has introduced an user friendly Mobile trading platform.
You can even use the mobile versions of Meta Trader 4 on your iPhone/iPad/iPod and Android devices to trade in the financial markets securely anytime and anywhere on your mobile.
Here, one thing you sould consider is that the platform is available in more than 10 languages, the Metatrader 4 for Mobile platform gives you the power to trade via your mobile phone with the same capabilities available on the Liquid Markets MT4 platform.
IMMFX Broker TRADING CONDITIONS
|Topic||Micro Account||Standard Account||Pro Account|
|Available instruments||Currencies + Metals + Indices||Currencies + Metals + Indices||Currencies + Metals + Indices|
|Spreads*||Starting from 2||Starting from 1.1||Starting from 0.1|
|Minimum Lot||0.01 FX, on FX, Gold and Silver
1 lot on indices and energies
|0.01 FX, on FX, Gold and Silver
1 lot on indices and energies
|0.01 FX, on FX, Gold and Silver
1 lot on indices and energies
|Maximum Positions||5 lots||Unlimited||Unlimited|
|Execution Type||Market Execution||Market Execution||Market Execution|
Account Opening Minimum
$50 for Micro, $500 for Standard or $5000 for Pro.
US Dollar Denominated Account.
Floating spread, very tight in normal market conditions and may vary due to market volatility, liquidity and news release.
Traders can select leverage from 1:1 up to 500:1 on Currency Pairs and Metals. They can also request a higher leverage.
Minimum Transaction Volume
Currency Pairs: 0.01 lot, steps: 0.01 lot (Default lot sizes are 100,000 currency units)
Gold and Silver: 0.01 lot, steps 0.01 lot (Default lot sizes are 100 ounces per Gold and 5000 per Silver)
Market Execution: Buy or Sell at market prices
Pending Orders : Buy Limit, Sell Limit, Buy Stop, Sell Stop
Position management orders: Stop Loss, Take Profit, Trailing Stop
From 0 pips on currency pairs and metals and from 5 pips or as permitted on Platform for Indices and energies.
Maximum Simultaneous Open Orders
150 (open trades + pending orders)
Market, 100% without Dealing Desk”. No re-quotes or delays. Straight Through Processing “STP”
From 00:00 on Sunday till 00:00 GMT on Friday according to our server time
Energies and indexes are traded by Future Contract (monthly or quarterly Contracts).
When margin level below 80% and at level below 30%; some or all positions will be closed to release margins.
Hedging is allowed and margin-free.
Automated Trading is allowed. For more details, check our Expert Advisors
Accounts less than $5000 pay $28 monthly while accounts above $5000 are free.
Mobile Trading is allowed and free of charge.
Internal Transfer is allowed for the same account holder with IMMFX Broker. You can easily transfer funds from your landing accounts to your MT4 trading accounts and vice versa.
Swap (Interest Rate)
There is Swap free system for all account types but only for all active traders without exceptions.
The amount deposited in your account can be withdrawn to the source account; while trading profits shall be withdrawn to bank account via Wire Transfer.
DEPOSITS AND WITHDRAWALS
|Methods||Currencies||Deposit Charge||Deposit Processing Time||Withdraw Charge||Withdraw processing time|
|MasterCArd/ Visa Card||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Skrill||USD||FREE||Instant||Depending on bank||1-3 banking days|
|iAccount||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Paypal||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Neteller||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Payza||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Fasapay||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Paysafe card||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Perfect Money||USD||FREE||Instant||Depending on bank||1-3 banking days|
|OK Pay||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Union Pay||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Wire Transfer||USD||FREE||1 – 3 business days||Depending on bank||1-3 banking days|
|UAE Exchange||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Money Polo||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Western Union||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Moneygram||USD||FREE||Instant||Depending on bank||1-3 banking days|
|Payco||USD||FREE||Instant||Depending on bank||1-3 banking days|
IMMFX Broker Customer Services
Safety of Funds
At present, safety of clients’ funds is a great concern for Forex traders and Money Managers. At IMMFX broker, clients are being offered the highest quality of Forex liquidity featuring optimum pricing in a safe and secure environment.
All client funds deposited with IMMFX Broker are fully segregated from the company’s operational cash expenses and are kept in separate bank accounts. Here, customer funds are never mixed with company funds. This safety measure ensures that those funds belonging to clients cannot be used for any other purpose.
Forex Trading signals are basically trade suggestions. As it it gaining more popularity among novice traders day-by-day, different forex broker are now also arranging signals service for the traders. IMMFX Broker has also come up with a unique idea on this issue. IMMFX Trading Signals is basically automated trading signals using MQL5. IMMFX allows you to connect trading signals with proven track records directly to your trading software.
Read more on how IMMFX Trading Signal works: IMMFX Trading Signals
IMMFX Broker has a full featured educational blog. Here, you will find a good number of educational posts and articles. These will help you to fine tune you forex knowledge by learning both basic and advanced topics.
Free VPS Service
All the qualified traders of IMMFX Broker will receive forex VPS service for free. They will get a VPS Machine (Meta Trader Hosting) based on windows 2003/2008 Server Operating System starting from 1000 Mhz CPU Speed, 20 GB Disk Storage, 512 MB Ram, 1000GB Monthly Bandwidth, 1-3 Instances Platforms running , 10/100 Mbps Port Speed and Dedicated IPs.
To learn more about IMMFX VPS Service, Read : FREE FOREX VPS SERVICE
BONUS AND PROMOTIONS
Currently, 30% welcome bonus offer available for both new and old clients of IMMFX Broker.
30% welcome bonus
This season, IMMFX Broker has come up with an impressive forex bronus offier. That is the 30% Welcome Bonus. Here you have a chance to get up to $5000 as a bonus which is one of the highest in the industry. Both new and old clients of the broker can claim this bonus.
Learn more: IMMFX Welcome Bonus
IMMFX AFFILIATE PROGRAM
IMMFX Affiliate Brokers (AB) program
The IMMFX Affiliate Brokers (AB) program offers the marketers, IB introducers and affiliates around the world a great earning possibility. This is a great opportunity to get profit without any risk. All you need to do is keep relationships with the traders and introduce IMMFX Broker to them.
To learn more about AB program of IMMFX Broker, Read: IMMFX AFFILIATE BROKERS PROGRAM
IMMFX White label
The IMMFX White Label program offers the clients around the world the opportunity to profit from their marketing and networking capabilities. Items You Will Receive as a White Label with IMMFX:
- Very competitive and growing White Label commission structure
- Ability to Pay Commisssions into a MetaTrader 4 Trading Account Each Month
- Selective Situations Where we Introduce Your White Label to a Segment of Our Client Base
- Individual IMMFX Account Manager to Help Build and Support Your Business
- Easy Withdrawal Options of Your Accumulated Commissions
IMMFX Money Managers
IMMFX Money Manager Program is a unique program dedicated to help money managers in managing multiple client accounts and grow their business with IMMFX Broker. Money Managers are considered as fast growing components of IMMFX Brokers’ business portfolio. Whether you are an established or new Forex trading Money Manager, the broker have the team and experience to assist you in executing your trading strategy in the award winning Money manager platform.
To learn more about this partnership, read : IMMFX MONEY MANAGER PROGRAM
Advantages and Disadvantages of IMMFX Broker
Advantages of IMMFX Broker
Traders from all around the world are joining IMMFX to take advantage of its’ ever-evolving premium services:
|Fast Account opening with instant deposits system.|
|Extensive Global Market Analysis on a daily basis.|
|Industry-Leading Client MT4, MAM and Mobile Trading Platforms.|
|Convenient Funding opportunity by payment methods|
|Swap Free Accounts Available for Muslims traders.|
|Tight Spreads with Fast Execution rate.|
|Welcome Bonuses are available upon request of the trader.|
|Hedging capability and Negative balance protection system in place.|
|High Leverage up to 100:1, No rejection and No re-quotes policy.|
|Zero Trading Commission and No hidden costs.|
|Highly Protected Segregated clients funds with No withdrawal restrictions.|
|Multiple Accounts like: Micro, Standard, Pro, Asset Managed and Investment Account.|
|Trade 50+ Currency pairs, Precious Metals, Energy, Indices, commodities and CFDs.|
|24/5 Support Service via phone, email and live chat.|
Disadvantages of IMMFX Broker
|No web based platform is available on the site.|
|IMMFX hasn’t got any regulation form European regulatory bodies.|
|No ECN account opening option.|
|Social Trading is not available.|
Conclusion and Recommendation
Analysing the IMMFX Broker Review, we have come to the conclusion that IMMFX Broker is an excellent choise for the new comers in Forex trading arena. They are also providing a good platform for the experienced traders. It was quite clear that the quality of IMMFX’s services is quite decent even though they have only been around for a relatively short period of time. Nevertheless, you can always improve no matter how good you are! IMMFX still have areas which they can improve to make it more suitable for the traders. We are hopeful of the prosperous future of this broker and wish they continue this good work.
- US Client Allowed
- Cent Account
- Islamic Account/SWAP free
- Social Trading
- Binary Option Trading
- Trading Signals
- Market Update/Analysis
- Scalping Allowed
- EA Allowed
- VIP Account
- Segregated Account
- Institutional Account
- Social Trading
- Trading Signals
- Automated Trading
- Trade from Charts
- Binary Option Trading
- E-mail Alerts
- Mobile Alerts
- Trailing Stops
- Guaranteed Stop Loss
- Guaranteed Limit Orders
- Guaranteed Fills
- Expert advisors
- Interest on Margin
- One-Click Execution
- OCO Orders
- Managed Accounts
- Market News
- Market Update
- Educational Program