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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.
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.
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.
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.
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.
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.
IMMFX 1/10 (votes 2199)