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Score
Benchmark
Influence
Add brokers
Comparison
Quantity 2
Exposure
Score
Regulatory Index6.40
Business Index7.37
Risk Management Index9.68
Software Index5.76
License Index6.40
Single Core
1G
40G
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Company Name
PT. International Mitra Futures
Company Abbreviation
FOREXimf
Platform registered country and region
Indonesia
Company website
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Company summary
Pyramid scheme complaint
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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 (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 | 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 |
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).
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 | ❌ |
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 | From 2.8 pips | From $0.01 per 0.01 lot | Beginners, low-capital traders |
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.
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 |
Non-Trading Fees
Non-Trading Fee Type | Fee |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | Not mentioned |
Trading Platform | Supported | Available Devices | Suitable for |
MetaTrader 4 (MT4) | ✔ | Windows, macOS, Android, iOS | Beginners |
QuickPro App | ✔ | Android | - |
MetaTrader 5 (MT5) | ❌ | - | Experienced traders |
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 |
Gold Trading: As predicted by many market players, the Fed has finally raised its interest rate again by 25 bps. However, there is an anomaly where even though the Fed's interest rate has increased, the price of gold has actually increased.
Forex trading is one of the most popular forms of investment in the world, especially amongst young people. It is relatively low-cost, available 24 hours a day, and can be accessed from both mobile devices and computers. Anyone with a mobile phone and 10 dollars to spare can get involved.
Trading on your own is the best way to experience your success and failure. Although most traders are ultra-competitive by nature, comparing yourself to other traders is not in your best interest. In the world of work, newcomers are bound to be compared to old people.
A stock market crash is usually defined by a drop of at least 10% on a stock exchange or major stock index within a single trading day. This usually starts within a particular sector or industry but can expand to the wider stock market, depending on the situation.
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