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FOREXimf

Trust Score:

4.75

(2 Reviews)
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About FOREXimf

FOREXimf is an online broker headquartered in Bandung, Indonesia and operating under the name PT International Mitra Futures. It provides trading services in forex and commodities and supports the MetaTrader 4 platform along with its proprietary mobile app QuickPro. The firm advertises competitive entry conditions with low minimum deposit thresholds for certain account types.

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Regulation & Security

FOREXimf holds a retail forex licence from IndonesiaÕs BAPPEBTI (Licence No 736/BAPPEBTI/SI/6/2005) and membership of the Indonesia Commodity and Derivatives Exchange (ICDX) under Licence 073/SPKB/ICDX/Dir/II/2012. Client funds are held in segregated accounts according to its disclosures and trades execute under the oversight of the Indonesian regulator.

Account and Setup

Account opening is conducted online via registration, identity verification and funding. The broker offers several live account types including Classic and Gold with minimum deposits from around IDR 250,000 (~USD 15-$22) and four tiers for Ultra Lite, Low Spread, Lite Pro and Low Spread Pro accounts with different capital thresholds and leverage parameters.

Funding Options

Funding options include bank transfers via local Indonesian banks for deposits and withdrawals and the broker states that no fee is charged by the broker for withdrawal though local bank charges may apply. The firm notes that withdrawals initiated before midday local time may process on the same business day and requires funds to be transferred from a registered bank account matching the trading account.

Bot & API Compatibility

FOREXimf supports the MetaTrader 4 platform including Expert Advisor (EA) use for automated trading strategies and provides its QuickPro mobile app for mobile order placement and signal access. No public detailed API or FIX connectivity is advertised. Trading conditions feature floating spreads with Classic accounts showing spreads from approximately 2.8 pips for major forex pairs and up to 1 : 500 leverage on certain account categories. Instruments include a focused set of assets such as forex pairs, gold, oil and silver, and trading takes the form of leveraged CFDs that carry the risk of losses exceeding initial deposit.```

Trading Conditions& Restrictions

Regulation & Security

FOREXimf holds a retail forex licence from IndonesiaÕs BAPPEBTI (Licence No 736/BAPPEBTI/SI/6/2005) and membership of the Indonesia Commodity and Derivatives Exchange (ICDX) under Licence 073/SPKB/ICDX/Dir/II/2012. Client funds are held in segregated accounts according to its disclosures and trades execute under the oversight of the Indonesian regulator.

Account and Setup

Account opening is conducted online via registration, identity verification and funding. The broker offers several live account types including Classic and Gold with minimum deposits from around IDR 250,000 (~USD 15-$22) and four tiers for Ultra Lite, Low Spread, Lite Pro and Low Spread Pro accounts with different capital thresholds and leverage parameters.

Funding Options

Funding options include bank transfers via local Indonesian banks for deposits and withdrawals and the broker states that no fee is charged by the broker for withdrawal though local bank charges may apply. The firm notes that withdrawals initiated before midday local time may process on the same business day and requires funds to be transferred from a registered bank account matching the trading account.

Bot & API Compatibility

FOREXimf supports the MetaTrader 4 platform including Expert Advisor (EA) use for automated trading strategies and provides its QuickPro mobile app for mobile order placement and signal access. No public detailed API or FIX connectivity is advertised. Trading conditions feature floating spreads with Classic accounts showing spreads from approximately 2.8 pips for major forex pairs and up to 1 : 500 leverage on certain account categories. Instruments include a focused set of assets such as forex pairs, gold, oil and silver, and trading takes the form of leveraged CFDs that carry the risk of losses exceeding initial deposit.```

Trading Conditions& Restrictions

FOREXimf Reviews

( 2 )

FOREXimf Reviews

( 2 )
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