IMMFX

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.