On-line since: About the company: MMFX is a STP broker providing a platform for trading currency, oil, indices, and CFDs. Company. Safety of funds IMMFX is a forex broker of IMM GROUP LTD, which is based in the offshore jurisdiction of Saint Vincent and the Grenadines. The company is regulated by the Financial Service Provider Commission (FSPC660943) and the Vanuatu Financial Services Commission (VFSC). IMM GROUP operates in accordance with the requirements of the FCA (that of Saint Vincent and the Grenadines). The company is situated in the two offshore zones, the distance between which is more than 14,000 kilometers. The logic of the company is not entirely clear, but nevertheless, even being a FCA-regulated broker is not a guarantee against bankruptcy. We recommend that you are cautious before investing money. IMMFX is awarded as the best ECN/STP forex provider of Saint Vincent and the Grenadines. Trading conditions MMFX offers four types of trading accounts: Micro, Standard, Pro, and ECN. There is also a free demo account with virtual $50,000 that can be used for test trading. Minimum Initial Deposit The amount of deposit depends on the account type: $50 for Micro, $500 for Standard, $5,000 for Pro Account, and $5,000 for ECN. Spreads and commissions Under normal market conditions, spreads on the Micro account start from 2 pips, on Standart - from 1.1 pip, on Pro - from 0.6 pip, and on ECN - from 0.2 pip. But do not flatter yourself with low spreads on the ECN account, since you will have to pay a commission. On average, spreads start from 0.6 pip if the market situation is very favorable. Spreads for the popular EUR/USD pair account for an average of 1.7 pip. Leverage Traders can choose a leverage from 1:1 to 1:500 for currencies and metals. The leverage size for other assets is independently established by the broker, so a trader cannot change it. Trading platforms IMMFX offers MetaTrader 4 (MT4), the most popular trading platform at the present time. It has been the trading platform in the forex industry for more than a decade. The MT4 platform has wide functionality, as well as tools for charting and technical analysis. It supports automated trading and Expert Advisors. It is convenient to trade and stable. The platform also allows users to develop and implement their own trading strategies, besides, it allows hedging. Another offer includes the TradingView platform, which provides an option of building charts and indicators for market analysis. Support service Customer service is available by phone, email, online chat, and Skype. The company has several social network profiles: Facebook, Twitter, and YouTube, where you can also follow the broker's news. Payment methods IMMFX supports numerous ways to deposit and withdraw funds: bank wire, credit cards (Visa, MasterCard), and a long list of electronic payment systems (Epay, PayPal, fasapay, Perfect Money, paysafecard, Ok Pay, etc.). But this list does not include such popular electronic wallets as Skrill and Neteller. Advantages:
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IMMFX has a mind-blowing platform, where I can deal instantly in Liv price with the fixed spread and I can deal automatically by a scalping EA comfortably. Also, I got perfect signals and I can utilize them in my trading plan. I have invested $500 and it reached $1.5K. So I can do my trading business properly with IMMFX.
I trade with IMMFX using the MetaTrader 4 platform. I called many times regarding the delays on the platform and the fact that the spread is changing rapidly during volatility times. I trade mainly major pairs EUR/USD, USD/CAD, USD/JPY, USD/CHF, and Gold, but I managed to lose close to $500 during my first two months of trading because of the delays on the platform. I will definitely close my account if they don't improve the server.
All I can say that IMMFX is professional brokerage. No slippage, fast execution, never disconnect, always show exact price in MT4 as I click close position. What I like the most is their support, always helpful and patient, even with so many questions as I had. Very trusted broker!
I am very unfamiliar with forex. And I was advised not to choose this broker, because it is not comfortable to be a beginner. Even my friends who are already pro with forex trading, still can't adapt to this broker. They do not facilitate their clients in transactions. They refused to give me bonus but advertise this online. They do not tell the truth just try to trap customers with scam broker tactics. They are brokers who are not professional, do not serve the complaint of traders and new innovations for the advancement .
I've experienced a solid MT4 platform at IMMFX broker. It has the fastest execution rate and many features. While their spread is fixed, so I've applied an EA strategy and earned $4520 so far. I've followed their technical analysis too. I've used Skrill payment gateway their service is reliable. So I am satisfied with the IMMFX broker and I think they are the best one platform.
I opened an account at IMMFX hoping that I will be able to have a great trading experience. However, I was only disappointed because of their trading platform. I tried their demo account first and the platform I used then was fine. But after having a real account, the platform is almost not usable. It is too shaky and it always crashes. I am now requesting for the closure of my account and waiting for my money to be released.
WARNING IMMFX ARE SCAMMERS! WARNING TO ALL TRADERS! DO NOT DEPOSIT YOUR MONEY WITH IMMFX BROKER! DEPOSIT AT YOUR OWN RISK!
Please believe me as i do not want you falling in the same trap and losing your money. These guys are offshore unregulated professional scammers, do not believe the certificates posted on their professionally set website. They will lure you in with swap free accounts etc. Do your own research with these "Regulated Authorities" and enquire about IMMFX. IMMFX will Reply to your emails and chat to you at first and are very active. Once you make a big deposit kiss your money goodbye you will not get it back as they will not allow you to withdraw your funds and never reply to you via email, chat to you or either receive nor call you. Its been well over a month now requesting withdrawal and they decline my request saying that my method i deposited (paypal) is under maintenance and on going excuses to the point they no longer reply to me anymore and having to now lost $6,000 with them as it is sitting in my landing account that i can't get out. Do not believe any good reviews you find on this broker as they are parties within their company. I will keep you posted if anything happens and they somehow decide to Return my money.
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