IIFM Forex Broker keeps up-to-date with the latest trading account information, including Pro, Standard maximum leverage of 500:1, trading varieties, and more
Rating Index
Pros
Competitive maximum leverage of 500:1, allowing for potentially higher returns on investments.
Low minimum deposit requirement of $1,000, making it accessible for new traders.
Offers popular trading platforms like MT4 and MT5, which are well-regarded in the trading community.
Cons
No valid regulatory information available, raising concerns about the safety and security of funds.
Mixed reviews regarding client service and withdrawal processes, indicating potential issues for traders.
Lack of transparency in fees and commissions, which can complicate the trading experience.
IIFM broker Accounts
Pro
Standard
IIFM Account Type
IIFM Group Ltd. offers two main types of trading accounts: Pro Account and Standard Account. Both account types provide access to the MetaTrader 5 platform, which is equipped with advanced trading tools, customizable charts, and automated trading capabilities. The accounts have a maximum leverage of 500:1, allowing traders to maximize their potential returns. However, the minimum deposit requirements differ: the Pro Account requires a minimum deposit of $20,000, while the Standard Account requires $1,000. Additionally, both account types may be subject to negative equity conditions.
IIFM Broker Account Opening Process
To open a trading account with IIFM, follow these steps:
- Visit the Official Website: Go to IIFM's official website.
- Select Account Type: Choose between the Pro Account and Standard Account based on your trading needs and capital.
- Fill Out the Application Form: Complete the online account opening form with your personal details, including name, email, and mobile number.
- Document Submission: Prepare and submit the required documents, which generally include:
- Proof of identity (e.g., passport, national ID)
- Proof of residence (e.g., utility bill, bank statement)
- Bank details (e.g., cancelled cheque)
- Recent photograph
- Verification Process: IIFM will verify your documents and personal information. Ensure that all information provided is accurate to avoid delays.
- Account Activation: Once verified, you will receive your account login credentials, and your trading account will be activated, allowing you to fund your account and start trading.
Please note that the entire process may take a few hours to a couple of days, depending on the verification speed.
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