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IMF Forex Broker provides real users with * positive reviews, 1 neutral reviews and 66 exposure review!

IMF Broker Review

1.53

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Business

Influence E

License

No license

IMF Review 67

Latest All(67) Neutral(1) Exposure(66)
Exposure

The website cannot be openeda nor withdraw. Fraud platform that cannot contacts the customer service or anything.

FX1704852103
2022-01-17
Exposure
Induced fraud and cannot withdraw

The company induces to deposit the money into this platform and trade. The fund cannot be withdrawn .

新视界PU慢回弹专业制造商
2022-01-14
Exposure

In the name of recruiting salespersons, it invites people to invest and deposit. It might be a fraud platform. Please relevant department to check it.

小老虎19300
2022-01-02
Exposure
IMF trash fraud platform with incomplete withdrawal

This IMF platform disguised very well. There seems no problems with operation normally, but it can only withdraw 50 or 100 during withdrawal. It will not be processed if you withdraw a large amount. At the beginning, they just ignore my withdrawal orders. It does not withdraw. but they do not say that they do not allow to withdraw. This platform does not have customer service. It can only be contacted via email. When I send email to them, they claimed that my account is suspected of violations. It is okay to withdraw, but you need to pay the handling fee for violations first and hypocritically ask me whether I agree or not. Dare I not agree with that? Then, I can only reply that I agree. The withdrawal within platform displayed "completed" at this time, but they only transfer poor little amount that can only for meal. Then, they took my large amount of principle due to deduction for handling fees of violation. How perfectly justifiable it is.

新兴贵族
2021-12-21
Exposure
IMF, what a trash fraud platform

The IMF platform is camouflaged well. Normally, there is no problem with the operation. When withdrawing money, it can only issue 50 or 100. If it is too much, it will not be processed. For my withdrawal order, they just do not withdraw it and they do not say that they cannot do it. This platform does not have customer service, so I can only contact by email. When I send an email to them, they say that my account is suspected of violations and if you want to withdraw, you must pay the fee for the violation that leaked out. They also asked me whether I agree with it or not. How dare I disagree? Then I can only reply and agree. At this time, the withdrawal on my platform shows that it has been withdrawn. In fact, they only withdraw me some poor meal money, and then they used a large amount of my principal to deduct the illegal procedures. The fee was confiscated in the name of what a fair word. My money will definitely not come back. I will treat it as buying cemetery for the family members of the scammers on this platform. I only hope that the IMF trash platform can be blocked, so that more people will not be deceived. Finally, I wish everyone can choose a formal operating platform, make money with their strength, and withdraw money normally.

新兴贵族
2021-12-17
Exposure
Unable to withdraw, the platform does not even have a customer service staff

Unable to withdraw fund on 2021-12-2 and no application until today which is 2021-12-7. They withdraw for me if I apply for 50, but no for 8878. Fraud platform

wealth16169
2021-12-07
Exposure
Unable to withdraw money while the customer service gives no response.

The money I applied to withdraw on the imf platform last Friday has not yet arrived. Today is Monday, the fourth day of the withdrawal. I sent dozens of emails to the customer service who gave no reply.

FX3253106596
2021-09-27
Exposure
Unable to withdraw

The customer service was gone. The withdrawal took long time.

Mr.Zhang47341
2021-08-23

  

IMF 2025 Review: Everything You Need to Know

  

Summary

  The IMF Capital Limited has garnered significant scrutiny in recent reviews, primarily due to its unregulated status and numerous complaints from users regarding fund withdrawals and customer service. Despite offering a range of trading instruments and leveraging options, potential investors are advised to exercise extreme caution before engaging with this broker.

  Note: The presence of different entities operating under similar names across regions adds complexity to the evaluation of this broker. Therefore, it is crucial to verify the specific entity you are dealing with to ensure fairness and accuracy in your assessment.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup 5
Trustworthiness 1
User Experience 3

  How We Rate Brokers: Ratings are based on comprehensive evaluations of user reviews, expert opinions, and factual data regarding the broker's services.

  

Broker Overview

  Founded in 2019, IMF Capital Limited is based in the United Kingdom and operates as an unregulated forex broker. The platform supports the widely-used MetaTrader 4 (MT4), allowing traders to access various financial instruments, including currencies, share indices, energy products, noble metals, and commodities. However, the lack of regulatory oversight raises significant concerns about its legitimacy and the safety of client funds.

  

Detailed Breakdown

  •   Regulatory Regions: IMF Capital Limited is not regulated by any recognized financial authority, which is a significant red flag for potential investors. The National Futures Association (NFA) has flagged it as unauthorized, indicating that it does not meet the necessary compliance standards for forex trading.

  •   Deposit/Withdrawal Currencies: The broker offers various methods for deposits and withdrawals, including bank wire transfers, Visa and Mastercard debit/credit cards, and PayPal. However, users have reported issues with fund withdrawals, often citing delays and difficulties in accessing their money.

  •   Minimum Deposit: The minimum deposit requirement at IMF Capital is set at $1,000, which may deter some potential traders, especially beginners who are looking to start with a smaller investment.

  •   Bonuses/Promotions: There is limited information available regarding any bonuses or promotions offered by IMF Capital, which is often a standard practice among reputable brokers to attract new clients.

  •   Tradeable Asset Classes: IMF Capital provides access to a diverse range of asset classes, including major and emerging market currencies, share indices, energy-related instruments, noble metals, and commodities, catering to various trading strategies.

  •   Costs (Spreads, Fees, Commissions): The spreads for major currency pairs range from 0.2 to 0.5 pips, which is competitive. However, additional fees such as withdrawal fees and inactivity fees may apply, further complicating the cost structure.

  •   Leverage: The broker offers leverage options of up to 1:500 for forex trading, which can amplify potential gains but also significantly increases the risk of substantial losses.

  •   Allowed Trading Platforms: IMF Capital operates exclusively on the MetaTrader 4 platform, which is renowned for its user-friendly interface and robust trading capabilities. However, it lacks support for newer platforms like MetaTrader 5.

  •   Restricted Areas: Due to its unregulated status, IMF Capital may not be available to traders in certain jurisdictions, particularly those with stringent regulatory requirements.

  •   Available Customer Support Languages: Customer support is reportedly available in English and Simplified Chinese, but users have expressed dissatisfaction with the responsiveness and effectiveness of the support team.

      

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup 5
Trustworthiness 1
User Experience 3

  

Detailed Ratings Breakdown

  •   Account Conditions (3/10): The minimum deposit requirement of $1,000 is relatively high compared to other brokers, which may limit accessibility for new traders. Additionally, the lack of a demo account option further complicates the onboarding process for inexperienced users.

  •   Tools and Resources (4/10): While the MetaTrader 4 platform offers a range of tools for analysis and trading, the absence of advanced features and research tools limits its effectiveness. Users have reported challenges in navigating the platform and accessing necessary information.

  •   Customer Service and Support (2/10): Numerous complaints highlight significant issues with customer service, including long response times and unfulfilled withdrawal requests. This raises concerns about the broker's reliability and commitment to its clients.

  •   Trading Setup (5/10): The trading environment is generally user-friendly, but the lack of regulatory oversight and the associated risks diminish the overall trading experience. Traders seeking a secure environment may find this aspect lacking.

  •   Trustworthiness (1/10): The absence of regulation and the numerous negative reviews regarding fund withdrawals and customer service create a significant trust deficit. Potential clients should exercise extreme caution before engaging with this broker.

  •   User Experience (3/10): Overall user experiences have been mixed, with many traders reporting difficulties in accessing their funds and navigating the platform. The lack of transparency regarding deposit and withdrawal processes further complicates user interactions.

  In conclusion, while IMF Capital Limited offers a range of trading instruments and tools, the significant concerns surrounding its unregulated status, customer service issues, and withdrawal difficulties make it a risky choice for potential investors. As such, thorough research and careful consideration of the associated risks are imperative for anyone contemplating trading with this broker.