Company Summary
| 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 | From 2.8 pips | From $0.01 per 0.01 lot | 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 |
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 |
Anto2921
Indonesia
This forex broker is not friendly and is not responsible for the customer. The instructions given to the customer always lose from the trade. The trading instructions are always not right.
Exposure
farhan9547
Indonesia
Providing misleading information, false and misleading signals
Exposure
LisaAdriela
Indonesia
1. Minimum deposit $100 2. MT4 connects directly to its own application called QuickPro 3. Registration is similar to other brokers in general (a bit complicated) 4. Sales response is very fast during the registration process (beware of scams), but it's better to be cautious and deposit independently 5. The website looks simple and professional 6. Must deposit first before the account is activated
Neutral
Dania2928
Indonesia
I like the feeling of security when I want to withdraw funds, so far FOREXimf has never failed to pay or make it difficult. There are also many educational facilities offered, such as live trades, channels, and VIP. The fees are quite low compared to other foreign brokers. What's important is that I feel safe because I know where their office is located. Especially the QuickPro application, I really like it because it is very practical and helps me with trading.
Positive
Rendy5143
Singapore
Trusted and highly educational official broker. I am greatly assisted by the Quickpro By foreximf application which has super complete features
Positive
Amir8557
Indonesia
Best and trusted local broker. Have been using foreximf for almost 1 year, smooth withdrawal without any problems
Positive
Rendy5143
Indonesia
For now, FOREXimf has provided a micro account with a minimum deposit of only Rp 100Rb. I am very helped by the indicators provided by FOREXimf and also the quite complete application, QUICKPRO. In addition to being able to trade in the application, I am greatly helped by the high impact news updates provided in QUICKPRO By FOREXimf in the Market insight and News menu. The application can also be downloaded on Playstore.
Positive
FX3906715515
Indonesia
FOREXimf broker TOP, execution is fast and low commission.. there is also an additional application called QuickPro, which is really awesome. The most important thing for me is being able to see market insight and economic calendar there to check from the fundamental side..
Positive
Enny3552
Indonesia
Now you can deposit with only Rp 100,000 or about $6. More friendly for retail traders and the minimum lot size is now 0.01. There is a live trade session every day, so far it seems to be the only Indonesian broker that dares to broadcast live trades on YouTube every day. Analysis may sometimes be off, but overall it is still good if followed consistently.
Positive
Enny3552
Indonesia
Nice broker with outstanding service. They provide a telegram forum group where we can share our opinion about the market with other traders and analysts. They also run a YouTube channel with so many trading tips. What's best for me is they have Live analysis twice a day at Asia and US market session, sharing plenty of trading setups with amazing results.
Positive
Toro1543
Indonesia
So far foreximf is the ideal broker for me, the indicators and signals they provide can make my trading easier. What's more, the VIP group provided is quite exciting, you can have discussions between members and ask questions to those who are more expert. Foreximf is fun.
Positive
Erwin1157
Indonesia
FOREXimf is a good broker. Many taught me who was still a beginner. The live analysis and trading signals that are presented really help me trade.
Positive
FX1038470953
Ecuador
I tried several times with a demo account at FOREXimf and gave up because I didn't think the transaction cost was very friendly. On the one hand, I have to pay a fixed commission, on the other hand, the spread is not very low.
Neutral
FX1023795160
United Kingdom
Trading with this broker requires an initial deposit of $250 on its most basic account, a high amount compared with many other brokers… the broker provides the industry leading MT4, high leverage up to 1:400. However, for your safety of funds, you’d better open a demo account to test its real trading environment first…
Neutral