MMFX is an STP broker providing a platform for trading Forex, Oil, Indices and CFDs.
Company. Fund security
IMMFX is a Forex broker for IMM GROUP LTD, which is based in the offshore zone of Saint Vincent and the Grenadines. The company is regulated by the Financial Services Commission (FSPC660943) and the Vanuatu Financial Services Commission (VFSC). IMM GROUP operates in accordance with FCA requirements (Saint Vincent and the Grenadines).
The company is associated with two offshore zones, the distance between which is more than 14 thousand kilometers. The logic of the company is not entirely clear to us, but, nevertheless, even brokers licensed by regulators such as FCA do not protect the company from bankruptcy. We advise you to be careful before you decide to invest money.
IMMFX has been awarded the Best ECN / STP Forex Provider in Saint Vincent and the Grenadines.
Trading conditions
MMFX has four types of trading accounts: Micro, Standard, Pro and ECN. There is also a free demo account with $ 50,000 virtual that can be used for test trading.
Minimum initial deposit
Depends on the type of account the trader chooses: $ 50 for Micro, $ 500 for Standard, $ 5000 for Pro Account and $ 5000 for ECN.
Spreads and commissions
Under normal market conditions, spreads on a Micro account start from 2 pips, on Standard - from 1.1, on Pro - from 0.6, on ECN - from 0.2. Don't be fooled by low spreads on your ECN account, as you will have to pay a commission. On average, spreads start from 0.6 pips in very favorable market conditions.
On average, spreads on the popular EUR / USD pair are 1.7 pips.
Leverage
Traders can choose from 1: 1 to 1: 500 leverage for currencies and metals. For other assets, the broker independently sets the leverage, and the trader cannot change it.
Trading platforms
IMMFX offers the most popular trading platform these days - MetaTrader 4 (MT4). The platform has been around for over 10 years.
The MT4 terminal has many functionalities as well as charting and technical analysis tools. It supports autotrading, Expert Advisories, is easy to trade and has stable performance. The platform also allows users to design and implement their own trading strategies, and allows hedging.
Another offering is the TradingView platform, which offers various charting and indicators for market analysis.
Support service
Works by phone, email, online chat and Skype. The company has several profiles on social networks: Facebook, Twitter, YouTube, where you can also follow the broker's news.
Ways of payment
IMMFX supports many methods for depositing and withdrawing funds: bank transfer, credit cards (Visa, MasterCard) and a long list of electronic payment systems (Epay, PayPal, fasapay, Perfect Money, paysafecard, Ok Pay, etc.). But traders will not find such popular e-wallets as Skrill and Neteller on this list.
Pros:
MT4; low deposit; selection of trading accounts.
Minuses:
offshore broker.
FAQ - BROKER QUESTIONS IMMFX
- Do trader reviews affect the rating of IMMFX?
- How to leave a review about IMMFX on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker IMMFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. IMMFX received a rating of 1 out of 5 on our resource.
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