FOREXimf Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-22 17:18

Abstract：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.

FOREXimf Review Summary
Founded	2004
Registered Country/Region	Indonesia
Regulation	BAPPEBTI, ICDX
Market Instruments	18 currency pairs, gold, oil, silver
Demo Account	✅
Leverage	Up to 1:500
Spread	From 2.8 pips (Classic Account)
Trading Platform	MetaTrader 4 (MT4), QuickPro Mobile App
Minimum Deposit	Rp. 250,000
Customer Support	Phone: 022 - 426 6000
	Fax: 022 - 426 6001
	Address: Asia Africa Tower 12th Floor, Jl. Asia Africa No.133–137, Bandung

FOREXimf 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 Cons

Pros	Cons
Regulated by BAPPEBTI & ICDX	Limited product range (no cryptos, stocks)
Demo accounts available	No MT5 or advanced desktop platform
Low fees with free swap	Limited deposit methods

Is 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 Instruments	Supported
Forex	✔
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 Type	Minuu Deposit	Maximum Leverage	Spread	Commission	Swap	Suitable for
Gold	Rp. 5,000,000	1:500	From 1.0 pips (XAUUSD)	From $0.07 per 0.01 lot	Free	Experienced traders, gold-focused traders
Classic	Rp. 250,000	1:500	From 2.8 pips	From $0.01 per 0.01 lot	Free	Beginners, low-capital traders

Leverage

　　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 Fees

Account Type	Spread	Commission	Swap
Gold	From 1.0 pips (XAUUSD)	From $0.07 per 0.01 lot	Free
Classic	From 2.8 pips	From $0.01 per 0.01 lot	Free

　　Non-Trading Fees

Non-Trading Fee Type	Fee
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	Not mentioned

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 4 (MT4)	✔	Windows, macOS, Android, iOS	Beginners
QuickPro App	✔	Android	-
MetaTrader 5 (MT5)	❌	-	Experienced traders

Deposit 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 Method	Minimum Deposit	Deposit/Withdrawal Fee	Deposit Time	Withdrawal Time
Bank 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	❌	Within same day (upon receipt & validation)	Processed within 1 business day (before 12:00 WIB)