What is a Forex Broker?

A forex broker, also known as an FX broker, or currency trading broker, in the modern financial world, is an intermediary who buys and sells a particular currency and charges a small commission fee through a bid-ask spread.

How do brokers make money in the industry?

The broker makes money through differences in the relationship between currency pairs you are going to trade and calculated in pips. A pip is measured through the amount of currency value changed according to the exchange rate. When one performs a trade, the forex broker charges for a few more pips before actually fixing the bet.

This means that when the market is trading at 1.8000 EUR/USD as a buying price, the broker will put you in at 1.8002. If the trade is terminated, the broker receives the profit between the market price and the number of transaction fees of this trade.

In broker terms, this is called spread and is described as a price difference between what the trader puts to buy or sell a currency and the broker added fee or pip.

A simple question is why would a broker make money this way? Well, this is related to how the forex market works in common and the forex leverage. Forex leverage defines borrowing a set amount of money to invest in something. Forex, in general, offers high leverage and the trader can control a much higher amount of money than they first invest.

What are an FX broker’s functions?

The importance of a forex broker is providing access to trading on the interbank currency market to everyone who wants to buy and sell it. Their functions include:

  • Providing a safe trading journey from opening to ending sections.
  • Providing them with the leverage value from 1:2 to 1:5000 for trading on their accounts.
  • Providing an online currency pairs rate for all available trading instruments.
  • Providing informational services and forex education.

How to choose your forex broker?

  1. License

A license is a document authorizing the broker to carry out their professional activities in specified locations or anywhere. The licenses are given by the regulators. You may check their official websites if the broker has the license. Almost all countries have their financial regulators system For example, the following US and European regulators are considered reliable and well-known: CFTC (Commodity Futures Trading Commission), FCA (Financial Conduct Authority of Great Britain), CySEC (Cyprus Securities And Exchange Commission).

  1. Spreads, costs, and trading conditions

When preferring any FX broker website, a simple thing you have to consider is pricing or other transaction costs. In a cut-throat competition world, there are a lot of best brokers around the globe, many brokers allow their traders to fix or variable spreads when trading on FX platforms. The ECN-style trading accounts that charge flat-rate commission, round turn-out commission fees allow for ultra-competitive spreads that can be as low as 0.0 pips, while standard accounts offer wider spreads, yet traders have no commission fees.

Account types

  1. Variable spread account types – varies with market conditions
  2. Commission accounts – ECN-style account type that has low spreads with flat-rate commission fees.
  3. No-commission standard accounts – no commission fees are charged.
  4. Fixed-spread accounts (micro accounts) – the already fixed spreads remain constant despite market conditions
  1. Currency pairs offered

While there are a lot of currencies available for trading in the forex exchange, only a few pairs are getting the majority that gets them more attention and, therefore, trade with the greatest liquidity volume. In addition to the EUR/USD and GBP/USD currency pairs, the major pairs include USD/JPY and USD/CHF. A broker may offer a huge selection of major, minor, and exotics pairs, but what is most essential is that they allow the pairs which interest you to trade.

  1. Deposit and withdrawal

A reliable FX broker permits you to deposit and withdraw your profits hassle-free. The exchange broker can hold your money aiming to make your trading hassle-free in the most secure way. Before choosing a broker, assure the broker provides a speedy and smooth withdrawal process.

  1. Security

The primary factor to consider is the high-level security an FX broker provides you. Regulatory agencies and regulated FX brokers enforce trustworthy policies that don’t allow money laundering or other fraudulent activities. Each country has a separate law and is responsible for regulating FX broker platforms. It needs to consider checking your country and knowing the right regulatory body.

  1. Transaction costs

When your trading deal is over you will be charged a transaction cost amount. Various FX brokers charge different amounts. So, for you to remember every single trade you will make, you have to pay the spread or the commission. Whether you are a newbie or experienced trader, find FX trading platforms with one of the cheapest rates for its most affordable fees. As a trader, all you need is to balance the low cost of a transaction with security.

IMMFX – A leading STP forex and CFD trading broker

IMMFX is well-known and one of the Best Forex Brokers in Middle East Countries. IMMFX is a highly safe & reliable broker for FX as well as CFDs trading. IMMFX Offers multiple accounts, trading software, and trading tools to trade Forex, Cryptocurrencies, Precious Metals and Energies, Equity Indices, and Individual Stock CFDs (Contracts For Difference) for individuals and institutional clients.

Premium features of the IMMFX platform

IMMFX – An award-winning forex broker platform

  • Best ECN/STP Provider – St. Vincent and the Grenadines 2017
  • Best Rates Platform in 2015
  • Best Execution Broker in 2016
  • Best Sell-side Analysis Contributor in 2017
  • Best Forex Research in 2018

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What is Metatrader 4 and How to use it ?

What is Metatrader 4 and how to use the platform?

The MetaTrader 4 (MT4) forex trading platform is designed for forex and futures trading. It is an automated trading platform with a simple user interface and flexible trading system for ease of analyzing financial markets.

The MT4 platform was developed by MetaQuotes Software and released in 2005. It has become widely used by online foreign exchange platform traders. The software is licensed to forex brokers who are tuned to provide the software to their clients.

The MetaTrader 4 platform can be used to trade a range of commodities including forex, indices, cryptocurrencies, via CFDs (contracts for difference).

Here, let us analyze why the MetaTrader 4 forex trading platform is popular.

Which is the best forex trading platform?

IMMFX is a leading straight-through processing (STP) forex and CFD trading broker offering access to MT4, which is the most popular forex trading platform. It has been the number one trading platform in the forex industry for numerous years.

The MetaTrader 4 platform has a lot of useful wide functionality:

  • Tools for charting and technical analysis
  • Time framing
  • Indicators
  • Terminal
  • Type of orders, and more

Here’s a guide on what MetaTrader 4 is, and how to use it.

  1. Create an account

To use the IMMFX MT4, you are required to create a live IMMFX account. Once you’ve completed that, you can set up a live MetaTrader 4 account.

  1. Download MetaTrader 4

After creating an account, you can download MT4 to your preferred device. Once downloaded, you can log in using your IMMFX credentials.

  1. Open a position

On the MT4 platform, the order window will be open. To be able to place a trade, go to ‘tools’ and click ‘new order’. This will allow up the ‘order’ window. Alternatively, you can press F9 on your keyboard.

  1. Set a Stop Loss

The Stop Loss feature permits you to maximize the possibility of limiting your potential losses when creating an order. You will need to enter the Stop Loss value that you have defined earlier.

  1. Set a Take Profit

Similarly, to place a Take Profit, you can input the value or cost target level at which you would like to lock a profit for your trade.

  1. Set Modifying Orders

Once you have placed an order, there is a need to change it. For example, your Take Profit was incorrectly placed or you would like to modify your Stop Loss. You can modify open orders. Open the trade tab in the terminal window, find the open order that would like to change, and right-click and select “Modify or delete order”.

Next, you will proceed to the next window where you can set your Take Profit and Stop Loss levels either by entering the values immediately or by using the “copy as” buttons.

Then, click the “Modify” button to make the change effective. As an outcome, you should get a confirmation message.

Make sure to verify the order details. Take note of the following fields:

  • Symbol refers to the currency pair that you would like to trade
  • Volume make sure to choose a proper volume according to your money
  • Stop Loss and Take Profit enter the values if you have some pre-decided levels and, if not, analyze the live market price of the currency pairs
  • Comment feel free to add any comment in regards to this particular trade

There are three types of order execution in the platform:

  • Buy or sell via market execution
  • Buy or sell via pending order
  • Modify a trade after it has been entered
  1. Market execution or Instant execution

Trades can sometimes be rejected if prices move suddenly up or down. If you would like to place the trade within a particular price range, check the box and fill out the ‘maximum deviation’ field in pips (from the current price) that you would be ready to accept.

When you place your trade, click “buy” if you think the market will rise in value, or ‘sell’ if you think it will fall.

  1. Pending orders

In pending orders, the traders can buy or sell at a predefined price in the future. This type of order is used to open a trade position presented when the future quotes reach the pre-defined level. 

There are four types of pending orders:

  • Buy limit
  • Buy stop
  • Sell limit
  • Sell stop
  1. Close an order

The way to close your order in MetaTrader 4 is to right-click your order in the terminal section and select the “close order” option. Once the order is closed, you can go to your account history in the section to view the details about the newly closed orders.

Additional features in MT4 Platform

Time frame

The timeframe is a way of grouping prices to display them on the chart in an easier way. There are various types of timeframes, but the following ones are the most popular through different platforms:

  • M1 (one-minute)
  • M5 (five-minute)
  • M15 (fifteen-minute)
  • M30 (thirty-minute)
  • H1 (hourly)
  • H4 (four-hour)
  • D1 (daily)
  • W1 (weekly)
  • MN (monthly)

Trading Signals and Copy Trading

MetaTrader 4 can automatically copy deals of another trader. Select your provider, subscribe to a signal and let your terminal copy the provider’s trades.

Set up a price alert

To set up a price alert, open the ‘terminal’ window then go to the ‘alerts’ tab. Right-click within this window and select the ‘create’ option in the menu. This will bring up the ‘alert editor’ window box where you can customize your price alert.

View your trade history

To view your trade history, open the ‘main’ window and go to the ‘account history’ tab. You can change the date range by right-clicking and selecting one of the following options:

  • All history
  • Last three months
  • Last month
  • Custom period

You can download and save trade reports.

Algorithmic trading

Algorithmic trading (automated trading) is one of the most important features of MT4.  It allows you to develop, test, and apply Expert Advisors and technical indicators, and reduces the time for any analytical and trading activity in the marketplace. You can use the application while trading, and post the code in the free code library or sell in the market. It features:

  • The MQL4 language of trading tactics
  • Meta Editor
  • Tester
  • Library of free trading robots
  • Advanced features in the web platform

Benefits of MT4 on a web platform

  • Trading direct via any browser
  • Adaptability with any platform Windows, macOS, Linux
  • Secure data protection
  • All types of trading orders and execution modes available
  • One-Click Trading
  • 30 indicators and 24 graphical objects for technical analysis
  • 9 time-frames
  • Tracking history of trading orders

Benefits of MT4 on a mobile platform

In smartphones, you can use MetaTrader 4 on iOS and Android devices to trade in the financial markets. It provides the following advantages:

  • Complete authority over a trading account
  • Reach anywhere and anytime
  • All order types and MT4 execution modes
  • Bars, Japanese Candlesticks, and broken line charts
  • 9 time-frames
  • 30 technical indicators
  • 24 analytical
  • Financial market news
  • A free chat for interacting with other traders

Why trade with MT4 at IMMFX?

When you use MetaTrader 4 with IMMFX, you get all of the platform’s functionalities, which are designed with you in mind to significantly improve your trading experience. Users can customize the functionality to match their choices, trading methods, and strategies. As you grow in trust, experience, and skill, you can start to explore more elements to help you benefit.

Start trading now!!!

What is Forex Trading? A Step-by-Step Guide for Beginners and Traders

In this article, beginners and experienced traders can get all the information needed to start trading in the Forex exchange. You will learn the following topics: what is forex trading, how to trade forex, benefits of forex trading, our best forex trading strategies, etc. By the end of this article, you will be equipped with the right knowledge to tackle the world’s largest capital market.

What is Forex trading?

Forex trading is also known as FX trading, currency trading, or foreign exchange marketplace. Forex trading is where anyone can buy or sell one currency to another. FX trading is based on the sale of currencies around the world, with an average trading volume of more than 5 trillion dollars.

When the currency values rise (appreciate) and fall (depreciate) this analysis is based on several economic, geopolitical, and technical factors.

The currency pair is a combination of these two currencies and the pair is represented by a unique three-letter code.

Best online forex broker platform – IMMFX

IMMFX is the leading online forex broker in middle east countries offering forex trading through MetaTrader 4 (MT4) desktop and mobile trading platforms. IMMFX is not only a brokerage firm, but they are also part of a larger group called IMM Group, Ltd.

IMMFX is the best straight-through processing-based (STP-based) global brokerage, authorized, and registered platform allowing currency trading, stock trading, cryptocurrency trading, etc.

Advantages of using IMMFX forex broker include:

  • Interest-free trading option.
  • Low latency and tight spreads.
  • High leverage.
  • 200+ currency pairs and other assets.
  • Wide range of payment methods.
  • Instant deposit and fast withdrawal (up to 24 hours).

How does IMMFX forex trading work?

There are two different types of accounts available in the IMMFX forex broker:

Traders can then use these accounts to buy and sell currency. Forex prices are known as rates. For example, a price or rate in euro-dollar could be quoted as:

EUR/USD = 45.678

The left side currency before the slash is the base currency (in this example, the euro), and the currency on the right-hand side is the quote currency (in this example, the US dollar).

When should traders buy currency?

A trader will open an account and choose to buy or take a long position if they believe that the value of a specific base currency will increase.

When should traders sell currency?

A trader will open an account for a sell or short position if they believe that the value of a specific base currency will decrease.

If you are a beginner investor, you can practice forex trading using our demo account >> Demo Account

How can I make money through forex trading?

“It’s important to know what you want to accomplish with your investments before you actually invest.”

― Oscar Auliq-Ice

You can make a profit by following these couple of steps before initiating a trade:

Make money with the right trading strategies

Don’t waste your valuable money. You are a beginner investor, before starting to trade forex, study about the forex market.

Study the currency pairs daily

When you enter into the exchange you must either choose the base currency or a home currency. You can also opt for worldwide currencies. This must be done before starting a trade deposit of the amount in your account.

Keep an eye on the financial market

Investors, forex traders, organizations, and government agencies need huge financial assets. They open accounts, then later change their currency pairing while increasing other currencies’ values. When you invest in the financial market, you need to keep an eye on rising and falling prices at forex trade.

Take advantage of a broker’s leverage services

The leverage may help you to boost a little profit. This technique helps even small forex traders to make money with a nominal amount.

Use the Demo Account

Reputable forex brokers like IMMFX offer both demo and real-money accounts for traders. However, beginner investors can use the demo account with virtual money in a real trading environment. With an IMMFX demo account, you can access educational material, video, and forecasts for free. When you feel you are ready, you can switch to a Prime account with real money >> Prime Account.

Forex trading – a profitable Investment in 2021?

In the past, people have started to invest in forex as they see it as a great opportunity for growing their wealth. If you are a beginner investor planning to invest in financial markets, take a look at some practical reasons as to why forex trading is profitable:


One of the major reasons you should invest in the forex markets is that it is accessible from anywhere. Forex allows you to invest a small amount of money, while allowing you to gain large profits at a later time. You can easily start your account online by choosing a forex broker such as IMMFX and register with them in a matter of minutes.


The Forex marketplace is open 24 hours a day and almost seven days a week. You don’t need to wait. Whether you are a businessman or a part-time broker, you will be able to trade on the forex market in your own time.

Better profits

Forex trading may be risky, but it can also make you get great profits. Every beginner investor must know that when the value of the currency is jumping up, you buy it, and when it is looking to go down, you sell it.

What are the benefits of forex trading?

Reduced margin

Forex trading puts up small amounts of money as a margin when you are maintaining a large amount of profit. The right strategies help you frame a profitable investment and reduce risks. However, margin balance helps you to avoid sudden liquidations of your positions in the market.

High volume and liquidity

IMMFX maintains a high liquidity volume, which means a large volume being traded at the moment, under normal market conditions. With a single click, buy and sell orders can be closed easily.

Trade the highs and the lows

Whether you are a longer-term or day trader, there are plenty of trading opportunities. You can trade when you believe the price of a currency pair is going up or when you anticipate it going down. Sudden price changes can be advantageous if timed right.

Wide options

In forex trading, there are a variety of choices available. An individual can enter into spot trades or future agreement contracts. Just keep in mind the budget and the risk-taking factors involved in this market.


Open a forex trading account with IMMFX, a leading online forex broker, and enjoy trading.

Sign up now!!!

Best Forex Brokers in the Middle East – IMMFX

Forex Brokers website allows the simultaneous buying and selling of two currencies. Many people use Forex as their primary source of income, and investors make a lot of money. Today, the Middle East is considered one of the most desired business and trade destinations in the world because it is an oil reserves base area. Further, it is also one of the most important global currency exchange hubs in the world.

Therefore, the strongest, powerful, and reputed forex brokers are registered in various middle east countries such as Kuwait, UAE, Israel, Tunisia, and Lebanon.

Now, in this blog, let’s learn about the best forex brokers in the middle east

What are the best Forex brokers in the Middle East?

Finding the best Forex broker is never easy, but it gets a bit harder when you are looking for one such diverse financial market in the Middle East.

Before trading, look at which country you want to trade. Some have a strict regulatory framework, while others are better to follow.

To make your search easier, I will tell you about the most leading forex trading website in the middle east.

What are you looking for in Middle East’s FX brokers?

1. Open an Account with a Top Broker

To open a trading account in the topmost broker trading platform is an easy way and it creates a special account for the people who follow the faith of Islam also known as the swap-free account. Generally, the swap is a commission or rollover interest charged by the FX broker for extending a trader’s position.

2. Use Demo Accounts

If you’ve never traded before on a forex platform you’ll need some practice. A demo account is a replica of a real trading account but instead of trading with real money, you use virtual money. This is an opportunity to learn and avoid the risks of losing any money. Today, most of the top FX brokers offer demo accounts.

3. Take Advantage of CFDs

One of the main benefits of today’s forex brokers is that they provide access to derivatives markets such as CFDs.

CFDs means the Contract for Difference that allows you to trade different products at various price comparisons.

That means that you can open a trading account with an online forex broker in the Middle East and trade everything from currencies to commodities, on the same platform.

4. MT4 Forex Trading

Metatrader 4 or MT4 is the most popular forex trading platform that provides the spread betting firms to the customers the capacity to upload and purchase custom indicators and automated trading based on pre-set technical perimeters in MT4.

5. Trade Different Local Currencies

The Middle East always calls itself the home of the world’s highest-valued currencies. Example: Kuwaiti Dinar, Bahraini Dinar, Oman Rial, and the Jordan Dinar – are all expensive middle eastern currencies.

Moreover, the Middle East Forex Platform offers to trade international currencies with local fiat including the Singapore SGD, Europe EUR, US Dollar, etc.

The point is there are many currencies that you can trade in one place with low commission fees.

IMMFX – A Globally Trusted Forex Broker in the Middle East

IMMFX is a trusted forex trading platform in the middle east that offers a great online trading platform for currency, metals and energy, indices and stocks, and cryptocurrency trading.

IMMFX has received tons of newcomers nowadays and provides quality educational video and market research news for their customers.

Why trade with IMMFX?

Once you start exchanging currencies with IMMFX, you’ll see why we’re the best forex broker in the Middle East. We access high liquidity providers and external pricing sources to give you the best prices and, low spreads, low margins when you trade with us.

Exclusive Features In IMMFX

Easy and Fast Account Opening

Negative Balance Protection

Swap-free accounts

Negative Balance Protection

No Withdrawal Restrictions

Raw Spreads and Low Commissions

STP & ECN Forex Accounts

Welcome and Recurring bonus

Trade with confidence

Affiliate Programs

Multi-Account Management

IMMFX – An award-winning broker platform

Best ECN/STP Provider St Vincent & The Grenadines 2017

Best Rates Platforms in 2015

Best Execution Broker in 2016

Best Sell-side Analysis Contributor in 2017

Best Forex research in 2018

IMMFX A STP Forex Broker

IMMFX offers reliable STP forex trading with zero conflict of interest. This means traders who place an order with IMMFX will simply pass this trade to one of our liquidity providers to have deeper liquidity. An STP brokerage firm we make a profit by marking up the spread.

Benefits of STP model

Competitive spreads

Minimal slippage

No Dealer intervention

No conflict of interest

Fair pricing

Do not hesitate to start trading with these amazing Forex brokers today!

Signup Now !!!

Online Forex Trading Platform In Middle East Countries – IMMFX

If you are looking for the best forex trading website in the middle east countries for your needs? then you would want to check the regular market news and analyze many trading sites.

I am going to share a couple of important metrics to find out the best online forex trading website, The website credible and authoritative in terms of the information it serves? Are the currency exchange rates live? Is the site always ahead of the latest news and scams in the industry or is it continually late to the scene? These are just common points you need to check for when you are looking for a good Forex trading platform.

In this article, you will learn more about the most trusted FX trading website in the Middle East.

Best Online Forex Trading Platform in Middle East Countries – IMMFX

IMMFX is the best forex trading platform in the middle east within the largest financial market in the world with a daily turnover of over 5 trillion USD.

The forex trading market is where the user can exchange one currency for another local country currency, and Let us ask you a question – why do most people follow forex trading? Because almost anyone can buy or sell currency from home, the workplace, or even while on holiday, following a few terms and conditions.

Here at IMMFX, we offer you a powerful payment gateway, swap-free account, deep liquidity, no withdrawal restrictions, and much more. We intend to build long-lasting relationships with our traders, which is the primary reason we provide educational blogs and videos to help them improve their performance, along with extra tools like trading calculators, economic calendars, currency converters, daily signals, among others.

Why is forex trading popular in Middle Eastern countries?

The Middle East countries are often recognized as being the wealthiest countries because of their large skilled migrant population, and hence forex trading volume has increased in the Middle East countries over the past years.

Across the world, the online currency trading industry processes trillions of US dollars in transaction volume every single day, which is a huge amount in comparison with other financial market sectors.

Advances in technologies, fast and reliable internet coverage, and increased competition among brokerages in the Middle East have all helped make forex trading more accessible while also reducing costs of trading across the board.

Best forex brokers in Middle East countries

IMMFX is the leading forex brokerage platform with MT4 and has major users in Jordan, Dubai, Oman, Qatar, Cyprus, Israel, Egypt, and Turkey for currency exchange.

There are many forex brokers located in the Middle East, where Dubai has been recognized as the largest financial hub and is often called a hub for a great number of forex brokerage companies.

IMMFX offers its clients excellent services and secure access to foreign exchange markets. It is a user-friendly site with an easy navigational layout and a range of tools and features ideal for those just beginning to trade forex.

Why is IMMFX the right forex broker for you?

1. Licensed broker and global regulation

IMMFX is one of the most highly regulated online forex brokers in the market. Dealing with us will guarantee transparent pricing and the safety of funds.

2. Segregated client funds

IMMFX has partnered with major banks to build its network of liquidity providers, which can trade your favorite financial assets with competitive spreads at all times.

3. Multiple forex trading platforms

IMMFX offers the leading MT4 platform on desktop, Android, and iOS. Web traders can select the kind of trading they want when trading with IMMFX.

4. Higher leverage for professional traders

If you qualify as a professional trader on IMMFX, you can gain access to flexible leverage that exceeds the value of your account up to 200:1.

5. Negative balance protections

IMMFX offers negative balance protection, meaning user losses from CFD trading can’t create a negative balance in your account, limiting your risk from trades.

Types of currency pairs in IMMFX

Majors: These represent the most popularly traded fiat currencies in the world and boost massive liquidity, so, it has very low spreads. The US dollar currency is the most widely used currency, both in circulation and reserves.

Examples: AUD/USD, EUR/USD, and NZD/USD.

Minors: These are also known as Cross Pairs and include the Euro (EUR), Japanese Yen (JPY), or the British pound (GBP) in their exchange for rate calculation.

Examples: GBP/JPY, EUR/JPY, and EUR/AUD.

Exotics: Exotic currency pairs are a combination of one major currency pair with the currency of an emerging economy.

Examples: USD/ZAR, EUR/TRY, and GBP/SGD.

Best online forex trading platform in Abu Dhabi

IMMFX is a CFD trading platform that is the best online forex trading platform known for low spreads, free demo account options, and responsive customer support. The trading experience on our proprietary web, desktop, and mobile interfaces is smooth for the MT4 platform. IMMFX is a trustworthy forex broker website, meeting the highest standards of regulation and safety for the user.

Best FX broker website in Saudi Arabia

Saudi Arabia allowed the forex market and regulated brokers to trade forex through their websites. IMMFX is an OTC forex website in Saudi Arabia, well known for its many awards and the wide range of trading products they offer, including cryptocurrencies, forex, metals, energy, and stock indices.

How to open a real forex trading account with IMMFX?

Step 1: Visit the IMMFX homepage and click on the ‘Sign up’ button located in the top corner of the page.

Step 2: On the new account opening page, click “Open a trading account now” and fill out your registration details.

Step 3: After signing up, you will receive a verification link via email, and you will be required to verify your account by uploading copies of your identity documents. You can then deposit funds into your trading account and start trading.

The key features of forex trading in the IMMFX

Take part in the biggest financial market in the world

Open large deals with low investment and get back high profit

Invest in a wide variety of currency pairs like major, exotic, and cross

Receive free education video

Trade-in your free time on your pc or mobile through MT4

Expert Advisors (EAs) are special trading programs to assist you in 24 hours.

Open a Forex Trading Account with IMMFX and enjoy the benefits of a licensed regulated forex broker.

Sign up now!!!

What is IMMFX? A Complete Guide

Online trading is becoming popular each day, as more people are enticed by the prospect of earning more profits. But no matter if you’re a beginner or a veteran trader, it’s important to understand the current updated techniques and skills to compound your wealth.

This article talks about the online forex trading website IMMFX and shares the benefits of trading with IMMFX, but before moving to the topic, let’s recall what forex trading is all about.

What is forex trading?

Forex trading is the act of trading one currency for another, and traders, companies, and other institutions, must go through a currency exchange or forex broker to do this.

Benefits of forex trading:

1. Advantages in exchange rate changes

The exchange rate between currencies changes all the time, and traders take advantage of these changes to earn a profit. Let’s understand this better with an example:

Let’s assume that you plan to travel abroad and would need euros. So, you visit an exchange to convert your 500 dollars into euros. After a week, you come back to your native country without spending a single euro and exchange your euros back to the dollars but you are surprised to receive $505.

It’s because, during the week, the exchange rate changed which led to a profit of an extra five dollars, made by trading currencies.

2. High Liquidity

When compared to any other financial markets, the forex market has the largest number of traders. Forex trading platforms provide the highest level of liquidity, which means numerous orders of currency trades are easily filled efficiently without any large price deviations.

3. Trade the highs and the lows

It doesn’t matter if market prices are rising or falling, you can still trade and even multiply your profit, depending on the forex trading strategies you use. You can find opportunities in any market condition, be it when the price of a currency pair is going up or when the price is falling down.

4. Leverage

With the help of leverage, you can essentially ‘borrow money’ from your broker to trade values much larger than your actual deposited funds. This is a powerful tool and an attractive feature of forex trading.

5. 24-hour market

With three major trading sessions across different continents throughout the day, forex trading platforms essentially function across the globe, around the clock, from Sunday night to Friday night.

IMMFX – A leading online forex trading website

IMMFX is a forex and CFD trading platform with a wide selection of currency pairs at low transaction fees. It supports MT4 on the desktop, android, and iOS devices for both brokers and traders globally.

IMMFX is a global STP and CFD forex broker exchange platform, registered and licensed for online forex and commodities brokers by the Financial Service Authority (FSA). It’s also registered as an International Business Company (IBC).

IMMFX offers multiple trading accounts, trading software, and tools to trade commodities, precious metals, energy, indices for individuals and institutional clients.

IMMFX – Best STP and ECN forex provider

IMMFX offers STP forex brokerage services with zero conflict of interest. STP stands for a straight-through-processing system that processes transactions electronically. In IMMFX, our STP will simply pass this trade to our network of liquidity providers, which consists of 12 major banks connected directly to the MT4 platform via FIX Bridge.

Benefits of STP model

● Trade orders are filled more quickly.

● Trade execution is seamless.

● No conflict of interest.

● Get live market trends.

On the other hand, ECN stands for an ‘Electronic Communication Network’ that has permission to facilitate interaction between banks and individual traders. An ECN broker must play the role of an intermediary between your buying and selling orders, matching up with different market participants.

An ECN broker must play the role of an intermediary between your buying and selling orders, matching up with different market participants.

Benefits of ECN model

● No price re-quotes and minimal slippage.

● Fixed commissions for each transaction.

● Current and past price data is accessible for traders, to prevent price manipulation.

● Traders deal with the price based on exchange strategies, market position, or size of the order.

IMMFX – Best in KYC and anti-money laundering processes

IMMFX exchange has a secure account opening procedure for new traders. These procedures must be followed in conjunction with the screening of prospective clients against anti-money laundering policies. The new traders must fill in the required information and upload government-issued documents for us to get to know them better and evaluate their suitability. Upon signing up, all details are verified by our back office compliance team members, and applicants can always review the status of their application through indicator colors (eg. red = under process).

IMMFX – An award-winning broker platform

● Best ECN/STP Provider St Vincent & The Grenadines 2017

● Best Rates Platforms in 2015

● Best Execution Broker in 2016

● Best Sell-side Analysis Contributor in 2017

● Best Forex research in 2018

Benefits of Trading with IMMFX

● IMMFX traders are protected against spam activities and are able to execute trades with the utmost security and convenience.

● As a leading STP forex and CFD trading broker platform, IMMFX provides attractive contract specifications for each trading product.

● IMMFX offers a variety of trusted methods for securely depositing funds such as bank/wire transfers, FasaPay, i-Account, MoneyGram, OKpay, PayCo, Payza, Perfect Money, UnionPay, Western Union, UAE, among many others.

● IMMFX representatives offer multilingual support through phone calls, online chat, and email to respond to any problems or inquiries from traders.

● IMMFX provides an Affiliate Link program to traders, so they can potentially earn extra profits from introducing their contacts to our platform.

IMMFX – Types of products for Trading

● Forex trading

● Metals and Energies trading

● Stock indices

● Individuals Stocks

● Cryptocurrency

Why choose IMMFX?

IMMFX is the reputed trading exchange platform established by the IMM Group Ltd. We always care for our traders and never delay in responding to their queries. We analyze the trends in the CFD and crypto markets and provide special software and tools for trading. Here are some of the advanced features:

Premium Features in IMMFX

● Fast and easy account opening process

● Licensed and regulated broker

● Segregated client funds

● Negative balance protection

● No withdrawal restrictions

● Swap-free accounts and trading

● Solid data and fund protection

● Free demo account, step-by-step tutorials, and articles on trading

Start trading instantly and be a part of the IMMFX community – Sign up Now!

Best ECN/STP Forex Provider 2017

In September 2017, our company put yet another trophy on its wall of recognizing. The “Wealth & Finance international”, one of the highly recognized financial magazine, awarded IMMFX the ‘Best ECN/STP Forex Provider 2017‘ for Saint Vincent and the Grenadines, which is assumed to be among the most remarkable awards in the financial world.

Various brokers took part in the exposition and their performance was judged by prominent traders and highly expert private investors. However, among several international brokers, IMMFX was given the honor to become the winner of the status ‘Best ECN/STP Forex Provider 2017’.

The inspiring Award from Wealth & Finance International proves that IMMFX has achieved fair financial leadership in the industry providing its clients with quality services and flexible trading conditions, handy tools for market analysis, and better customer support.

French Election Outlook: Currencies, Gold and Oil markets

This coming 7th of May 2017 will be France’s awaited final round of the election between Marine Le Pen (National Front) and Emmanuel Macron (En Marche!) for the presidency. This historical event is worth to keep an eye on as Le Pen’s victory could spark “Frexit”, as anticipated by political experts, considering United Kingdom’s “Brexit” and President Donald Trump’s reign over the United States of America.

France Within The European Union

Almost 15% of the total European GDP depends on the French economy. Foreign investment in France economy in 2015 recorded US $44 million (which was the US $55 million in 2012), in comparison with US $532 million total foreign investment in Europe.

The Matters

Major issues in France’s coming election will be varied depending on different conditions, that includes how to control the nation’s high unemployment rate and the country’s bond with (and responsibility within) the European Union. Other issues consist of the strength of community support for the nation’s immigration, welfare system, industrial and defense policy.

French Election impact on Currency Markets

The EUR has damaged against the USD following the results of the Brexit vote and the presidential election of U.S as a political gesture that voters chose a nationalistic and locked model between two of the world’s major countries. Since then, ‘exit’ is a major threat for the European Union as the option first spread through different medias with ‘Frexit’.

In May 2016, the EUR was in yearly highs of 1.16 but quickly escalated down because the U.S. Federal Reserve suggested a rate hike might happen at the end of the year and also the U.S. growth indicators exposed a regaining from lower points.

If Le Pen wins the race, this could put descending pressure on the EUR as she is committed on restoring the franc as well as a likely ‘exit’ from the EU. On the other hand, a win by another candidate might strength the EUR to retrieve its position, however, depends on the result.

French Election impact on Gold

Gold will possibly continue to allure investors to take the advantages of a worst-case situation if France exits the EU. The destiny of the USD is also considered as another key factor with a possibility of the pro-growth strategies declared by president Donald Trump enhancing the American economy.

French Election impact on Oil

OPEC (Organization of the Petroleum Exporting Countries) agreement to reduce oil manufacture has been the key factors of oil prices this year. Although the reduction has been an achievement with OPEC and some non-OPEC countries, remarkably Russia, higher scale manufacture in North America intimidates the success of the agreement if it is increased higher than the past six-month duration.

Crude prices will not face any major changes following the results of the French presidential election, however, it could be debilitated if the result threatens international markets.


The French people is about to have one of the biggest presidential elections in their history with an uncertain result, which has amplified the levels of nervousness and one of the most awaited events of 2017 around the world. The French voting system enhances the uncertainty even after ending of the two rounds of the election and makes it hard to predict a result.

During the past period, the EUR/USD pair has already been surging as well as indices Germany 30 and France 40. For the next days until next week, we are advising all traders to stay updated with the market trends in order to take advantage of the profitable opportunities!