Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FOREXimf Pros & Cons
- Demo account and a low deposit on two of four live account types provide an easy start for novice traders;
- Spreads and fees are market average or lower; traders can choose their preferred working conditions;
- Flexible leverage is enough for any trading style;
- MetaTrader 4 and the proprietary QuickPro mobile app are provided;
- Education ranges from webinars and YouTube videos to eBooks and other text materials;
- Wide analytics that includes reviews of technical issues, forecasts from leading experts, and regularly updated newsfeeds;
- Technical support is highly competent and is available via four communication channels;
- The broker is regulated by BAPPEBTI (the Commodity Futures Trading Supervisory Agency, or CoFTRA).
- There are not many assets and the broker is mostly focused on currency pairs, not metals or energies;
- Alternative income options include a raw copy trading service with a small number of signal providers;
- Traders outside Indonesia are hardly comfortable working with the broker.
FOREXimf is an Indonesian broker that offers trading futures on currency pairs, metals, and energies. There are four live account types — Ultra Lite, Low Spread, Lite Pro, and Low Spread Pro that differ significantly. A free demo account with virtual $10,000 is available for 14 days. The minimum deposit is IDR 350,000 (~ USD 22) or IDR 3,500,000 (~ USD 222). The minimum spread is 0.3 pips and the minimum fee is $1. Leverage is up to 1:100 or 1:500. Traders work through MetaTrader 4 or the QuickPro mobile app. Deposits and withdrawals are made only by bank transfers without brokerage fees.
TU Expert Verdict
FOREXimf carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
FOREXimf User Reviews
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5-star
33%
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3-star
67%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of FOREXimf have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FOREXimf with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FOREXimf’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FOREXimf Standard spreads FOREXimf OANDA FOREX.com EUR/USD min, pips 0.9 0.1 0.7 EUR/USD max, pips 1.4 0.5 1.2 GPB/USD min, pips 1.0 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 Does FOREXimf support RAW/ECN accounts?
As we discovered, FOREXimf does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FOREXimf. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FOREXimf Non-Trading Fees FOREXimf OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FOREXimf Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria5.8 /10FOREXimf has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
FOREXimf Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level Abbreviation BAPPEBTI Full Name Badan Pengawas Perdagangan Berjangka Komoditi (Commodity Futures Trading Regulatory Agency) Country of regulation Indonesia Investor Protection Fund No specific fund Regulation Level Tier-2 FOREXimf Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10FOREXimf offers the following account options: Demo, Standard.
However, FOREXimf does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Standard account with balanced trading conditions
- Low minimum deposit
- Demo account
- Micro lots are not available
- No Swap Free account
FOREXimf account types vs top competitors FOREXimf Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoFOREXimf accounts trading conditions
Choosing an account type is a priority at the start. The best account types for small capital are Ultra Lite and Low Spread. Also, they are the best option for novice traders. Lite Pro and Low Spread Pro are designed for experienced market participants aimed at large trades. The broker offers the popular MetaTrader 4 platform and its proprietary QuickPro app. Traders decide what is more convenient for them by comparing the solutions. Leverage is another parameter to choose. It’s up to you to set a moderate value up to 1:10 and trade without enormous risks or go all-in by setting 1:50, 1:100, or even 1:500.
Account types:
Account Type Description Ultra Lite The minimum deposit is IDR 350,000. Spreads start at 1.8 pips and trading fees are $1 per lot. Leverage is flexible from 1:1 to 1:500, trade volume is up to 10 lots, and stop out is 100%. Low Spread The minimum deposit is IDR 350,000. Minimum spreads are 0.3 pips and trading fees are $10 per lot. Leverage is up to 1:500, the maximum trade volume is 20 lots, and stop out is 100%. Lite Pro The minimum deposit is IDR 3,500,000. Spreads start at 1.8 pips and trading fees are $1 per lot. Leverage is flexible from 1:1 to 1:100, trade volume is up to 50 lots, and stop out is 20%. Low Spread Pro The minimum deposit is IDR 3,500,000. Minimum spreads are 0.3 pips and trading fees are $10 per lot. Leverage is up to 1:100, the maximum trade volume is 50 lots, and stop out is 20% -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.5 /10FOREXimf received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
FOREXimf offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank wire transfers available
- BTC not available as a base account currency
- No bank card option
- PayPal not supported
What are FOREXimf deposit and withdrawal options?
FOREXimf offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making FOREXimf less competitive for those seeking diverse payment options.
FOREXimf Deposit and Withdrawal Methods vs Competitors FOREXimf Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are FOREXimf base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FOREXimf supports the following base account currencies: USD, IDR.
What are FOREXimf's minimum deposit and withdrawal amounts?
The minimum deposit on FOREXimf is IDR100,000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FOREXimf’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3 /10FOREXimf offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 36 Forex pairs.
- Multiple markets
- Bonds not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FOREXimf with its competitors, making it easier for you to find the perfect fit.
FOREXimf Trading.com Plus500 Currency pairs 36 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices NoNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products FOREXimf offers for beginner traders and investors who prefer not to engage in active trading.
FOREXimf Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FOREXimf by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.7 /10We successfully registered an account with FOREXimf in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FOREXimf is IDR100,000. Overall, the account setup process is efficient and suitable for most traders.
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
FOREXimf account opening FOREXimf Trading.com Plus500 Online Registration YesYesYesMinimum deposit IDR100,000 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is FOREXimf available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
The registration process comprises several stages. It is simple and causes no difficulties.
Click the “Register” button in the upper right corner. Also, you can click the “Open Live Account” button.
Provide your name, email, and WhatsApp number. Agree to the Privacy policy by ticking the box and click the “Create Account” button.
An SMS with a 6-digit code is sent to your WhatsApp number. Enter it in the corresponding field.
Next, provide more information about yourself and pass verification. Upon logging into your user account, register an Ultra Lite, Low Spread, Lite Pro, or Low Spread Pro account and make a deposit. Download the appropriate version of MetaTrader 4 or the QuickPro mobile app, and start trading.
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Customer Support
Score:We evaluated Customer Support at FOREXimf by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10Customer support at FOREXimf is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FOREXimf provides basic support functionality but does not stand out in overall service performance.
InformationTraders often have questions due to their inattentiveness or insufficient information on the broker’s website. Also, certain problems with trading, deposits, or withdrawals may occur. In any situation, traders contact technical support. If managers give comprehensive and timely responses, the broker’s clients are satisfied and stay with it. Otherwise, they may be disappointed and might leave for another company. FOREXimf’s technical support is of a high level. It is available 16/5 via email, telephone, live chat, and ticket system on the website.
- Four main communication channels
- Responses are prompt during working hours
- Traders applaud the competence of managers
- Technical support is not available 24/7
Whether you are the broker’s client or just intend to become one, you may contact technical support with a relevant question.
The following communication channels are available:
- Telephone;
- Email;
- Live chat on the website and in the user account;
- Tickets on the website.
The broker has its profiles on TikTok, Facebook, Instagram, YouTube, and X (Twitter). Links to these accounts are available in the footer of its website. There you can also contact the support team. Usually, managers respond within 24 hours.
Contacts Registration address Menara Asia Afrika Lantai 12 Jl. Asia Afrika No.133 - 137, Bandung Regulation BAPPEBTI Official site https://www.foreximf.com/ Contacts support@foreximf.com 022 - 426 6000
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FAQs
How is FOREXimf regulated and what does its safety profile include?
FOREXimf is regulated by BAPPEBTI in Indonesia, which is classified as Tier-2 regulation and contributes to a Medium security level with a safety score of 5.8/10. The broker applies KYC verification but does not provide negative balance protection or access to a specific investor protection fund, and its foundation date is not specified in the review.
What account types and trading conditions does FOREXimf offer?
FOREXimf provides Demo and Standard accounts, along with four main live account formats: Ultra Lite, Low Spread, Lite Pro, and Low Spread Pro, each with different minimum deposits, spreads, fees, leverage limits, and stop-out levels. The broker does not offer Cent, Micro, Swap Free, VIP, or managed accounts, and the review notes a low minimum deposit but highlights the absence of a Cent account as a drawback for some beginners.
What do user reviews say about FOREXimf overall?
FOREXimf has a user satisfaction score of 7.3/10 based on 3 reviews, with 33% of ratings at 5 stars and 67% at 3 stars. According to user reviews, the overall sentiment is mixed rather than strongly positive or negative.
Which markets and tradable assets are available with FOREXimf?
The review states that FOREXimf offers a limited range of instruments, with support for 36 currency pairs and commodity futures, but no stocks, cryptocurrencies, stock indices, or options. It also notes that there are no bonds, ETFs, copy trading, PAMM investing, or managed account investment options available.
What feedback is provided about FOREXimf customer support services?
Customer support at FOREXimf is available 16/5 via telephone, email, live chat, and a ticket system, with additional contact options through its social media profiles, and response times are described as moderate and generally within 24 hours. Based on user feedback in the review, managers are considered competent and responses are prompt during working hours, but support is not available 24/7 and service quality may vary depending on the request.
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