Forex FOREXimf Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.8

Average

FOREXimf is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.0

Business 6.3

Risk Control 6.6

Software 7.3

Regulatory 6.8

Terminal Snapshot

FOREXimf Trading Conditions

Registered Region Indonesia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@foreximf.com

Contact Number +620224266000

Website www.foreximf.com

Balanced Review

Pros & Cons

Pros

Regulated by BAPPEBTI and ICDX
Diverse range of trading instruments, including 18 forex pairs
Trading platforms: MetaTrader 4 and Quick Pro app
Comprehensive educational resources available for traders
24/5 customer support in multiple languages

Cons

Limited product range, lacking options such as cryptocurrencies and stocks
Higher trading costs with wider spreads compared to some competitors
Deposit and withdrawal options restricted to bank transfers
No tier-1 regulatory oversight
Customer support not available 24/7

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	FOREXimf	CFForex	Mahadana	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.8/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does FOREXimf Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Gold Account	Experienced traders, gold-focused traders	Low spreads, high leverage (up to 1:500), no swap fees	Minimum deposit of RP 5,000,000
Classic Account	Beginners, low-capital traders	Accessible minimum deposit, competitive spreads	Minimum deposit of RP 250,000

Account Opening Process

To open an account with FOREXimf, users must follow a straightforward process that includes several steps: First, traders will need to submit personal information, including their name, email, and phone number. Next, employment and financial details are required for verification. Participants must provide identity verification documents, such as a government-issued ID and proof of address. Once registered, users can start with a demo account, and there is flexibility to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (Classic: $0.01 per 0.01 lot)	Tight spreads for major pairs
CFDs (Gold)	1.0	$0.07 per 0.01 lot	Competitive for commodities
Cryptos (BTC/USD)	1.0%	Variable	Subject to market conditions

Other Fees

FOREXimf does not impose any deposit or withdrawal fees; however, clients may incur bank administrative fees. The broker does not charge inactivity fees, but overnight interest (swap rates) are applicable depending on the account type. Currency conversion fees may also apply for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

FOREXimf is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

FOREXimf User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Andi Prabowo

Jakarta

★ ★ ★ ★ ★

I had a frustrating experience with FOREXimf. While I appreciate their educational resources, the withdrawal process took longer than expected, and I faced multiple issues in getting my money out. Customer support was not very responsive, which added to my frustration. I expected better service given their reputation.

Siti Nurhaliza

Bandung

★ ★ ★ ★ ★

Overall, my experience with FOREXimf has been positive. The trading platforms, especially the Quick Pro app, are user-friendly and efficient. I found the educational materials very helpful in improving my trading skills. However, I think they could offer a wider range of trading instruments. Still, I’ve had smooth transactions and prompt service.

Budi Santoso

Surabaya

★ ★ ★ ★ ★

I regret choosing FOREXimf. The customer support is severely lacking, and I faced issues with my account verification that took ages to resolve. Furthermore, the spreads are wider than what I’ve seen with other brokers. I don’t feel secure with my funds here, and I will be looking for a better alternative.

Rina Ayu

Yogyakarta

★ ★ ★ ★ ★

FOREXimf has been a great broker for my trading journey! The low minimum deposit made it easy for me to get started, and the educational resources are top-notch. I love the Quick Pro app, which allows me to trade on the go. Withdrawals have been seamless, and I’ve had no issues with my account. Highly recommend!

Indonesia Market