FOREXimf

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

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.

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.

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

Non-Trading Fees

Trading Platform

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).