According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- SVGFSA
- 2015
Our Evaluation of IMMFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IMMFX is a moderate-risk broker with the TU Overall Score of 5.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IMMFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at IMMFX
IMMFX is owned by IMM GROUP Ltd. IMM GROUP Ltd is duly authorized and regulated by the Financial Service Provider Commission (FSPC) under registration no. FSP660943. It is also registered as an International Business Company with reg. no. IBC #22074. IMM Group Ltd acts strictly under the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA) of the Eastern Caribbean States - CELAC and CARICOM. IMMFX accepts both individual and corporate customers and offers them multiple advantages, including several account types, perfectly designed trading software, and effective trading tools.
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IMMFX provides trading through MT4 for various account types, including Pro and Pro PLUS, with access to Forex pairs, commodities, precious metals, and indices. The platform offers competitive trading conditions with a minimum deposit of $100, leverage up to 1:200, and low spreads starting from 0.2 pips for EUR/USD. Users benefit from a selection of deposit and withdrawal options including PayPal and wire transfers, with no fees on deposits.
However, drawbacks include the lack of Tier-1 regulatory oversight and limited support for diverse trading instruments like bonds or PAMM accounts, making it less appealing for traders seeking extensive asset choices or high regulatory standards. IMMFX may be more suitable for experienced traders comfortable with its regulatory framework, but may not meet the needs of beginners or those prioritizing strong safety measures.
IMMFX Trading Conditions
| 💻 Trading platform: | MetaTrader 4 / Mobile Trading Platforms |
|---|---|
| 📊 Accounts: | Pro Account, Pro PLUS Account, Partner, Demo |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Fasapay, Payza, Perfect Money, i-Account, Wire Transfer, Paysafecard, OKPAY, Union Pay, UAEXCHANGE, WESTERN UNION, MoneyGram |
| 🚀 Minimum deposit: | 100 USD |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Currency pairs,(majors-crosses-exotics), Precious Metals, Energy, Indices, commodities and CFDs. |
| 💹 Margin Call / Stop Out: | 100%/30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | Credit Bonus 20% |
IMMFX Key Parameters Evaluation
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Regulation and safety
IMMFX has a safety score of 4.7/10, which corresponds to a Low 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
- Negative balance protection
- Track record over 10 years
- Not tier-1 regulated
IMMFX Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
IMMFX Security Factors
| Foundation date | 2015 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker IMMFX have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of IMMFX 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, IMMFX’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.
IMMFX Standard spreads
| IMMFX | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,6 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
IMMFX RAW/ECN spreads
| IMMFX | Pepperstone | OANDA | |
| Commission ($ per lot) | 4 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with IMMFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
IMMFX Non-Trading Fees
| IMMFX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 2-8,8 | 0 | 0 |
| Withdrawal fee, USD | 0-80 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
IMMFX offers accounts with a minimum deposit of $100, leverage up to 1:500, the Swap-Free option, and market order execution. The minimum trade size is 0.01 lots.
The broker offers a demo account with a virtual deposit of $50,000 that replicates real market conditions without using real funds.
Deposit and withdrawal
IMMFX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
IMMFX offers limited payment options and accessibility, which may impact its competitiveness.
- PayPal supported
- Bank wire transfers available
- USDT (Tether) supported
- Minimum deposit below industry average
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- Wise not supported
What are IMMFX deposit and withdrawal options?
IMMFX offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, PayPal, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making IMMFX less competitive for those seeking diverse payment options.
IMMFX Deposit and Withdrawal Methods vs Competitors
| IMMFX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are IMMFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. IMMFX supports the following base account currencies:
What are IMMFX's minimum deposit and withdrawal amounts?
The minimum deposit on IMMFX is $100, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact IMMFX’s support team.
Markets and tradable assets
IMMFX offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 60 Forex pairs.
- Indices trading
- Crypto trading
- 60 supported currency pairs
- No ETFs
- Futures not available
IMMFX Supported markets vs top competitors
We have compared the range of assets and markets supported by IMMFX with its competitors, making it easier for you to find the perfect fit.
| IMMFX | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 200 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products IMMFX offers for beginner traders and investors who prefer not to engage in active trading.
| IMMFX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address | Suite 305 Griffith Corporate Centre, P.O Box 1510, Beachmont, Kingstown, Saint Vincent & the Grenadines. |
| Regulation |
SVGFSA
Licence number: 22074 |
| Official site | immfx.com |
| Contacts |
+44 20 3695 0059
|
Comparison of IMMFX with other Brokers
| IMMFX | Bybit | Eightcap | XM Group | Octa | Kama Capital | |
| Trading platform |
MetaTrader4, Mobile Trading Platforms | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, OctaTrader | MetaTrader5 |
| Min deposit | $100 | No | $100 | $5 | $25 | No |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:40 to 1:1000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.2 points | From 0 points | From 0 points | From 0.8 points | From 0.6 points | From 0 points |
| Level of margin call / stop out |
100% / 30% | No / 50% | 80% / 50% | 100% / 50% | 25% / 15% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
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