IMMFX has three types of live trading accounts: Micro, Standard and Pro. There is also a free demo account with virtual $50 000 that can be used for test trading. The broker also offers a managed account.
IMMFX offers an asset portfolio of forex pairs and CFDs on commodities, precious metals, energi, indices and equity.
The Company. Security of Funds
Company Country Regulation
IMM Group SVG SVG FSA
IMMFX is a forex brokerage of the company IMM Group, which is based in the offshore zone Saint Vincent and the Grenadines and is regulated by the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA).
At this point it is getting confusing, as in another section of the site, the company says it is regulated both by the SVGFSA and the Vanuatu Financial Services Commission (VFSC). The connection between the two offshore zones, which are literally oceans apart and the logic of having two offshore regulations, escape us.
Either way, those offshore regulations, no matter how many of them a broker has, do not offer much of client protection, so we advise potential traders to choose brokers with proper supervision, like the one provided by UK’s FCA or the Australian regulator ASIC.
IMMFX offers the most popular trading platform these days – MetaTrader 4 (MT4). The platform has been around for 10 years and is preferred by brokers and traders alike.
MT4 has many functionalities and charting and technical analysis tools. It supports autotrading, Expert Advisories and is user-friendly and stable. The platform also lets users devise and implement own trading strategies and allows hedging.
Among other things, MT4 supports money management accounts as well.
IMMFX offers a welcome bonus to its new clients. It can reach up to $5000 and is subject to terms and conditions.
Methods of payment
IMMFX has a very extensive list of payment methods. It accepts payments through bank transfer and credit cards. There are also the following electronic payment systems: I-Account, PayPal, Payza, FasaPay, Paysafe Card, Perfect Money, OKPay, China Union Pay, UAE Exchange, Money Polo, PayCo, Upay Card, as well as the wire services Western Union and MoneyGram.
IMMFX is an offshore broker and this fact should prompt extra caution when considering whether to open an account with them.
Overall, its trading conditions are mostly average for the industry, except the leverage of 1:1000, which is fairly rare. Another plus is the relatively low initial deposit for the Micro account.
IMMFX Review Conclusion
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