IMMFX and Their MetaTrader 4 Platform


The website is owned and operated by IMM GROUP LTD., which defines itself as a global STP (straight-through processing) brokerage company. It is registered as an International Business Company (IBC), under reference no. (IBC #22074) operating in accordance with the Saint Vincent and the Grenadines Financial Service Authority (SVGFSA) of the Community of Latin American and Caribbean States (CELAC) and the Caribbean Community (CARICOM). The clients’ funds are held in segregated bank accounts to ensure the highest levels of security, the company claims. It also claims to have won the award for best ECN/STP forex provider in Saint Vincent and the Grenadines, as well as several other awards. However, this company is not licensed and regulated by any major financial authority, and you should be careful if you are about to work with it.

IMMFX offers more than 240 CFDs on currency pairs, indices, commodities, shares, and cryptocurrencies. The minimum initial deposit required to open a live account is USD100.

The company provides its services through the well-known MetaTrader 4 (MT4) platform, which is one of the most popular trading platforms globally. It allows you to implement complex strategies using market and pending orders, instant execution, trading from a chart, and trailing stop. The terminal can be downloaded for desktop machines, iOS, and Android devices, or you can run it on a web browser.

IMMFX offers several deposit methods – bank transfer and e-wallets such as FasaPay, i-Account, OKpay, PayCo, Payza, Perfect Money, etc. The company claims you can fund your account without any fees, because IMMFX will refund all the commissions charged by the bank or by any of your payment processors for all deposits made to your landing account (e-wallet) and then you can move funds to your trading account. All deposited amounts can be withdrawn to the same source account and profits will be withdrawn to the bank account only. The majority of withdrawal requests are processed within the first few hours, the company claims. There are commissions depending on the payment provider and the client covers them. We could not find any information about fees associated with an inactive account.

There is one type of account for all clients, called the “Prime Account“. The minimum deposit amount is USD 100, spreads are floating starting from 0.2 pips at the expense of the commission. You will be charged USD 8 per traded lot on currency pairs and metals and USD 12 per traded lot on indices and other energies. Shares and crypto assets are also subject to a certain commission.

The “Terms of Business” document shows that the company will act as principal and not as agent on your behalf. Accordingly, it will be the counterparty to all your trades. It is not mentioned anything about the straight-through processing (STP) model the company claims to use.  It will be the sole execution venue for the execution of the client’s orders and the counterparty to every trade. This means that IMMFX acts as a market maker and a conflict of interest arises because in addition to the spread, the company benefits when clients lose. The “Risk Disclosure” document reveals that stop loss orders intended to limit losses may not necessarily limit your losses to the expected level, because in the emerging market situation it may be impossible to execute such a request at a specified price. This means that all orders are subject to slippage and stop loss orders are not guaranteed. The same document informs that there is a possibility to lose all the funds on your accounts with the company (and any additional funds deposited as credit leverage to maintain open positions) in a relatively short period of time if the situation on financial markets is unfavorable for your positions. This should mean that your loss is limited to the money you have invested. However, it is not clear whether you are covered by a negative balance protection policy.

In short, IMMFX is a typical unregulated offshore company. It is not clear if the company provides negative balance protection. In addition, your money is not protected by any compensation fund. Therefore, it may not be possible to withdraw money from IMM Group Ltd incorporated in St Vincent and the Grenadines.