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IMMFX Review – is it scam or safe?

IMMFX Review  – is immfx.com scam or good forex broker?

RATING: 2 / 3 REVIEWS IMMFX
IMMFX is an offshore broker. Your money is not safe.

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 Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Micro $50 0.01 lot 1:1000 From 2 pips
Standard $500 0.01 lot 1:500 From 1.1 pips
Pro $5000 0.1 lot 1:200 From 0.6 pips

 

 

IMMFX has three types of live trading accounts: Micro, Standard and Pro. There is also a free demo account with virtual $50 000 that can be used for test trading. The broker also offers a managed account.

 

IMMFX offers an asset portfolio of forex pairs and CFDs on commodities, precious metals, energi, indices and equity.

 

The Company. Security of Funds

 

Company Country Regulation
 IMM Group SVG  SVG FSA

 

 

IMMFX is a forex brokerage of the company IMM Group, which is based in the offshore zone Saint Vincent and the Grenadines and is regulated by the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA).

 

At this point it is getting confusing, as in another section of the site, the company says it is regulated both by the SVGFSA and the Vanuatu Financial Services Commission (VFSC). The connection between the two offshore zones, which are literally oceans apart and the logic of having two offshore regulations, escape us.

 

Either way, those offshore regulations, no matter how many of them a broker has, do not offer much of client protection, so we advise potential traders to choose brokers with proper supervision, like the one provided by UK's FCA or the Australian regulator ASIC.

 

 

Trading platforms

 

IMMFX offers the most popular trading platform these days – MetaTrader 4 (MT4). The platform has been around for 10 years and is preferred by brokers and traders alike.

 

MT4 has many functionalities and charting and technical analysis tools. It supports autotrading, Expert Advisories and is user-friendly and stable. The platform also lets users devise and implement own trading strategies and allows hedging.

 

Among other things, MT4 supports money management accounts as well.

 

Promotions

 

IMMFX offers a welcome bonus to its new clients. It can reach up to $5000 and is subject to terms and conditions.

 

 

Methods of payment

 

IMMFX has a very extensive list of payment methods. It accepts payments through bank transfer and credit cards. There are also the following electronic payment systems: I-Account, PayPal, Payza, FasaPay, Paysafe Card, Perfect Money, OKPay, China Union Pay, UAE Exchange, Money Polo, PayCo, Upay Card, as well as the wire services Western Union and MoneyGram.

 

 

Conclusion

 

IMMFX is an offshore broker and this fact should prompt extra caution when considering whether to open an account with them.

 

Overall, its trading conditions are mostly average for the industry, except the leverage of 1:1000, which is fairly rare. Another plus is the relatively low initial deposit for the Micro account.

 

Pros Cons
MT4 Offshore
High leverage  
Low deposit  

 

Latest news about IMMFX
No news about IMMFX. Check back later.
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Traders` reviews for IMMFX

Spread

Pros

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Slippage

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Requotes

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Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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.

chris 04/27/2019

They are all SCAMMER!!

IMMFX and ACCFX are the same group of Alpha Capital Markets LTD.
They are all SCAMMER!!
I and my clients invested accfx.com project since Jun 2018 and requested withdrawal since Jan 2019, but nobody received money so far.
Do not deposit any money to all of them!!

Jay Wang 04/03/2019

Worst broker ever

Enter any of the companies videos on youtube and you will find my story documented there with print screens
worst experience ever

Majd Yazigi 12/23/2018
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