FOREXimf Forex Broker

FOREXimf Review SummaryFounded2004Registered Country/RegionIndonesiaRegulationBAPPEBTI, ICDXMarket Instruments18 currency pairs, gold, oil, silverDemo Account✅LeverageUp to 1:500SpreadFrom 2.8 pips (Classic Account)Trading PlatformMetaTrader 4 (MT4), QuickPro Mobile AppMinimum DepositRp. 250,000Customer SupportPhone: 022 - 426 6000Fax: 022 - 426 6001Address: Asia Africa Tower 12th Floor, Jl. Asia Africa No.133–137, BandungFOREXimf Information FOREXimf (PT. International Mitra Futures) was established in 2004 and is completely regulated in Indonesia by the BAPPEBTI and ICDX. It provides currency and commodity trading through MT4 and its proprietary QuickPro software. With swap-free accounts and beginner-friendly conditions, it's a good option for local traders, however the product selection is restricted.Pros and ConsProsConsRegulated by BAPPEBTI & ICDXLimited product range (no cryptos, stocks)Demo accounts availableNo MT5 or advanced desktop platformLow fees with free swapLimited deposit methodsIs FOREXimf Legit? Yes, FOREXimf (PT. International Mitra Futures) is a legitimately regulated broker in Indonesia. It holds a Retail Forex License from BAPPEBTI (License No. 736/BAPPEBTI/SI/6/2005) and from ICDX (License No. 073/SPKB/ICDX/Dir/II/2012).What Can I Trade on FOREXimf? FOREXimf provides a focused set of tradable assets, including 18 currency pairings, gold, oil, and silver. It also allows for multilateral trading via the exchange, but does not presently provide cryptocurrency, equities, or ETFs.Tradable InstrumentsSupportedForex✔Gold & silver✔Oil✔Indices❌Stocks❌Cryptos❌Bonds❌Options❌ETFs❌Account Type FOREXimf provides two types of live accounts: Gold and Classic. Both include free swapping, MetaTrader 4, and beginner-to-pro trading capabilities. The broker also provides demo accounts, but does not offer Islamic (swap-free) accounts separately—since both real accounts already have swap-free conditions.Account TypeMinuu DepositMaximum LeverageSpreadCommission SwapSuitable forGoldRp. 5,000,0001:500From 1.0 pips (XAUUSD)From $0.07 per 0.01 lotFreeExperienced traders, gold-focused tradersClassicRp. 250,000From 2.8 pipsFrom $0.01 per 0.01 lotBeginners, low-capital tradersLeverage FOREXimf provides leverage of up to 1:500 on both account categories (Gold and Classic). This high leverage enables traders to hold larger positions with a smaller investment, which can boost earnings while greatly increasing the chance of loss.FOREXimf Fees Overall, FOREXimf's fees are competitive with industry norms. It has narrow spreads, minimal commissions, and no swap charges, making it appealing to both beginners and experienced traders. Trading FeesAccount TypeSpreadCommissionSwapGoldFrom 1.0 pips (XAUUSD)From $0.07 per 0.01 lotFreeClassicFrom 2.8 pipsFrom $0.01 per 0.01 lot Non-Trading FeesNon-Trading Fee TypeFeeDeposit Fee❌Withdrawal Fee❌Inactivity FeeNot mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4 (MT4)✔Windows, macOS, Android, iOSBeginnersQuickPro App✔Android-MetaTrader 5 (MT5)❌-Experienced tradersDeposit and Withdrawal FOREXimf does not impose deposit or withdrawal fees; rather, the client is responsible for bank administrative expenses. The minimum deposit varies by account type, starting at Rp. 250,000 (Classic account).Payment MethodMinimum DepositDeposit/Withdrawal FeeDeposit TimeWithdrawal TimeBank Transfer (IDR)Rp. 250,000❌Within same day (upon receipt & validation)Processed within 1 business day (before 12:00 WIB)Bank Transfer (USD)Equivalent in USD