IMMFX broker Accounts

immfx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

immfx Account Types Explained

IMMFX offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit: $50
• Spread/Commission Structure: Fixed spread starting from 2 pips
• Leverage Options: Up to 1:1000
• Key Features: Ideal for beginners, offers a user-friendly interface.
• Target User Profile: Beginners and retail traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit: $200
• Spread/Commission Structure: Variable spreads with a commission of $5 per lot.
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, suitable for scalping.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit: $500
• Spread/Commission Structure: Variable spreads starting from 1 pip with a commission of $3 per lot.
• Leverage Options: Up to 1:400
• Key Features: Advanced trading tools, suitable for professional traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit: $200
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit: Virtual funds (typically $10,000)
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:1000
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: New traders and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Traders Seeking Practice: Demo Account

Detailed immfx Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Fixed spreads for easier budgeting.

• User-friendly for beginners.

• ECN Account:

• Direct access to the market.

• Lower spreads, ideal for scalping.

• Transparent pricing.

• Pro Account:

• Advanced trading tools.

• Competitive spreads and commissions.

• Suitable for high-volume trading.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Access to all trading features.

• Ideal for strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit required.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit.

• More complex trading environment.

• Islamic Account:

• Limited availability of certain features.

• May not be suitable for all traders.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

immfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be prohibited from opening accounts due to regulatory restrictions (details not specified).

Identity Verification Documents Needed

• Government-issued ID: Passport or national ID card.
• Proof of Residence: Utility bill or bank statement showing the applicant's name and address.

Additional Documentation for Professional Accounts

• May require additional financial documents to verify trading experience and financial status.

KYC/AML Compliance Procedures

• IMMFX adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step immfx Account Opening Guide

Step-by-Step Registration Process

1. Visit Website: Go to the official IMMFX website.
2. Click Registration: Click on the “Register” button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
5. Set Trading Preferences: Specify trading preferences and account currency.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to activate your account.
9. Start Trading: Download the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with slight variations in interface design.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account type changes can be requested through the client dashboard or by contacting customer support.

immfx Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to real-time market data and trading tools.
• Allows traders to familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo account option.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds may not accurately reflect real market conditions.

Virtual Balance Amount

• Usually set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Live accounts may incur commissions and spreads, while demo accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

immfx Islamic Account Details

Swap-Free/Islamic Account Availability

• IMMFX offers an Islamic account that complies with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or restrictions on certain instruments.

FAQs – immfx Account Types & Opening

1. What account types does immfx offer？

• IMMFX offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $50, ECN: $200, Pro: $500, Islamic: $200, Demo: Virtual funds.

1. How long does immfx account verification take？

• Verification typically takes 1-3 business days.

1. Does immfx offer demo accounts？

• Yes, IMMFX provides demo accounts for practice trading.

1. Can I have multiple account types with immfx？

• Yes, traders can open multiple account types.

1. Does immfx offer Islamic/swap-free accounts？

• Yes, IMMFX offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a immfx account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through the client dashboard or customer support.