General Information & Regulation
FOREXimf is a trading broker that operates from Bandung, Indonesia. FOREXimf or PT. International Mitra Futures is a futures brokerage company in Indonesia, which is officially regulated as a Futures Broker from the Commodity Futures Trading Regulatory Agency (BAPPEBTI), with regulatory license number 736/BAPPEBTI/SI/6/2005; FOREXimf.com is also a member of the Jakarta Futures Exchange (JFX) or the Jakarta Futures Exchange (JFX) and a member of the Indonesia Commodity and Derivatives Exchange (ICDX).
Market Instruments
FOREXimf offers investors a limited range and number of financial instruments, including only 17 foreign exchange currency pairs, as well as precious metals and crude oil.
Minimum Deposit
There are four account options listed in FOREXimf platform. The minimum depsoit of a standard account is $1,000, which is way too high compared with many brokers.
Leverage
The maximum trading leverage available on this FOREXimf platform is up to 1:400, which is considered high. New beginners are advised to stay from high trading leverage.
Spreads & Commissions
FOREXimf standard account has a spread of 2.3 pips on EURUSD and a commission of $5.50 per lot. Needless to say, the spreads and trading fees on the FOREXimf platform are higher than most brokers.
Trading Platforms
FOREXimf supports the MetaTrader4 platform. Most traders are familiar with MT4 and like its user-friendly interface, stable and reliable performance, and many other professional features. MT4 includes more than 50 built-in indicators for market analysis, excellent charting tools, and the option to trade algorithmically with EA trading, and traders can create their own trading strategies using the appropriate MQL4 language (e.g., with some coding skills).
Deposit & Withdrawal
FOREXimf accepts bank transfers for both account deposits and withdrawals. Popular payment methods like Neteller, Skrill are missing.
Customer Support
FOREXimf provides traders with a responsive client support team, who are available 24/7 and can be reached via the following contact channels: telephone, fax, and social media.
