FOREXimf

In this review, we examine the broker's regulatory standing, trading fees, and platform features to help you answer: is FOREXimf a good broker? This objective analysis covers everything from client safety to competitive account conditions so you can trade with confidence.

Is FOREXimf Legit and Safe?

FOREXimf is a highly secure and fully licensed brokerage firm that operates under the strict oversight of Indonesian regulatory authorities [736/BAPPEBTI/SI/6/2005]. Established as a long-standing market participant, it has earned a solid reputation for transparency and compliance.

What Is FOREXimf? Company Background

PT International Mitra Futures, widely known in the industry as FOREXimf, is a prominent Indonesian futures brokerage company established in 2004. Headquartered in Bandung, West Java, the broker has spent over two decades serving the local retail trading sector. Recently, the broker underwent a comprehensive corporate rebrand and now officially operates as PT QuickPro Berjangka Indonesia, aligning its brand name with its popular proprietary trading application, QuickPro.

The broker remains one of the few long-standing local institutions to maintain a zero-complaint reputation, specializing in offering retail brokerage services for foreign exchange, precious metals, and crude oil futures. By prioritizing extensive localized educational services, digital trading features, and direct market integration, the broker has positioned itself as a major market participant within the Indonesian financial ecosystem.

FOREXimf Regulation

FOREXimf is regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). This government agency functions under the Ministry of Trade of the Republic of Indonesia to enforce legal standards and transparency across all derivative markets. A verification check can be completed on the registry of BAPPEBTI official. You can check BAPPEBTI official to verify FOREXimf's license by searching license number 736/BAPPEBTI/SI/6/2005.

The table below outlines the specific regulatory registrations and investor protection framework governing FOREXimf.

By operating strictly under BAPPEBTI licensing and clearing house verification, FOREXimf provides traders with a much safer, legally enforceable environment than unregulated offshore brokers.

Which FOREXimf Entity Serves Your Region?

All retail and institutional clients onboarding with this broker are registered directly under PT QuickPro Berjangka Indonesia, meaning they do not route clients through loose offshore subsidiaries. Many global brokers utilize multi-jurisdictional onboarding structures where traders are frequently funneled into offshore entities (such as Saint Vincent and the Grenadines or Seychelles) to bypass leverage restrictions, which strips away key investor protections.

By contrast, FOREXimf's single-entity model ensures that every registered account receives full regulatory coverage. The differences between regulated local onboarding and offshore models include:

• Segregated bank accounts are held exclusively at major local commercial banks approved by the government, ensuring your funds are protected from company insolvencies.
• Every trade is cleared and officially registered through a government-approved clearing house, which eliminates any counterparty risk or internal execution manipulation.
• Any disputes can be escalated directly to local regulatory mediators, giving clients access to actual legal recourse.

Restricted Countries

Because FOREXimf operates in strict compliance with BAPPEBTI guidelines, the broker does not actively market its services globally or accept traders from highly restricted foreign jurisdictions.

• Restricted jurisdictions: United States, Canada, European Union, United Kingdom, Japan, and countries currently subject to OFAC or FATF sanctions.
• Local regulatory limitations: The broker’s operational mandate is legally centered on serving citizens and residents of Indonesia, making global onboarding highly restricted due to cross-border financial laws.

Client Fund Protection

Client fund safety is a core feature of the broker's operating model, backed by structural safety nets enforced by the Indonesian government.

• Segregated bank accounts are maintained at top-tier commercial banks including Bank Central Asia (BCA), Bank Mandiri, BNI, and CIMB Niaga, keeping client deposits completely isolated from corporate funds.
• Trade clearing is backed 100% by PT Kliring Berjangka Indonesia (KBI) and PT Indonesia Clearing House (ICH), meaning every contract is officially recorded and insured.
• Negative balance protection is integrated into retail trading accounts to ensure clients can never lose more capital than they have deposited in their accounts.
• Legal dispute resolution is mediated directly under Indonesian civil law, with BAPPEBTI acting as an official referee to settle client-broker grievances.

FOREXimf User Reviews and Trustpilot Rating

FOREXimf holds an average Trustpilot rating of 3.6/5 based on a single review as of July 2026, reflecting a highly limited presence on global review platforms. Because this broker operates as a localized financial institution focusing strictly on the Indonesian domestic market, its target audience rarely uses Western review aggregators like Trustpilot. To monitor any new customer feedback, you can See FOREXimf reviews on Trustpilot.

To obtain a realistic representation of user sentiment, it is necessary to examine verified local portals, Google Play Store ratings for their companion app (QuickPro), and regional brokers' forums where hundreds of active clients share their experiences. On these platforms, the overall customer sentiment is generally positive, with several highly specific pros and cons noted by real traders:

Recurring Positive Highlights:

• Fast and Transparent Withdrawals: Verified local traders consistently report that Rupiah-denominated withdrawals are processed seamlessly, often landing in Indonesian bank accounts within a few hours without unexpected administrative fees.
• Exceptional Educational Tools: Beginners praise the broker’s integration of free interactive webinars, direct mentoring, and high-quality trading signals compiled inside the QuickPro application.
• Responsive Local Account Managers: Users note that the customer support team and dedicated account assistants are highly accessible and communicate clearly in Indonesian.

Recurring User Complaints:

• Rigorous and Complex Onboarding: Some users find the registration process tedious and slow due to mandatory telephone confirmation, video verification, and strict compliance documentation mandated by BAPPEBTI.
• Mandatory Deposit for Account Activation: Traders complain that they are required to complete their initial deposit before the live trading platform can be fully activated and tested.
• Limited Financial Instruments: Experienced traders point out that the asset selection is highly restricted compared to offshore competitors, as they do not offer global equities, cryptocurrencies, or soft commodities.

FOREXimf Account Types

FOREXimf offers a streamlined, highly accessible two-tier account system structured specifically to cater to either high-volume gold traders or retail beginners starting with minimal capital. By consolidating its account offerings into two core types, the broker eliminates unnecessary complexity while ensuring that both budget-conscious traders and experienced professionals have suitable environments.

FOREXimf Account Types and Minimum Deposit Requirements

To accommodate different experience levels and funding capabilities, FOREXimf has organized its services into the Classic Account and the Gold Account. Both accounts are available directly through their proprietary QuickPro mobile application and standard MetaTrader 4 platforms.

• Classic Account (Beginner-Oriented):

  • The minimum deposit requirement is set at just Rp 250,000 (approximately $16 USD) — this represents one of the lowest entry barriers among BAPPEBTI-regulated brokers, making live trading highly accessible to beginners.
  • Maximum leverage of 1:500 is provided — this allows retail traders with small account balances to comfortably manage exposure and margin requirements.
  • Spreads start from 2.5 pips — this is relatively wide compared to international raw-spread brokers, but it is standard for local micro-lot accounts.
  • Commission fees start from $0.01 per 0.01 lot (equivalent to a very low $1 per standard lot round-turn) — this makes execution costs highly affordable for micro-lot traders.
  • Swap-free conditions are active for 7 days — clients can hold overnight positions without interest charges for up to a week, after which standard rollover fees apply.
  • This option is best suited for retail beginners who wish to test their strategies with actual capital using micro-lots (starting from 0.01 lots) while risking minimal funds.

• Gold Account (Experienced & Gold Traders):

  • The minimum deposit requirement is Rp 5,000,000 (approximately $315 USD) — this is a moderate entry point tailored for intermediate traders ready to commit more capital.
  • Maximum leverage of 1:500 is supported — this matches the competitive leverage standard of the Classic account.
  • Spreads on major pairs and gold (XAUUSD) start from 1.0 pips — this provides significantly tighter pricing for high-volume traders who need to minimize execution drag.
  • Commission fees start from $0.07 per 0.01 lot (equivalent to $7 per standard lot round-turn) — this represents a standard industry commission for lower-spread environments.
  • Swap-free conditions are completely unlimited — traders can hold swing positions indefinitely with absolutely zero overnight rollover fees.
  • This option is best suited for experienced traders, scalpers, and dedicated gold traders who benefit heavily from tighter spreads and permanent swap-free accounts. Furthermore, depositing Rp 28,000,000 or more unlocks direct access to a dedicated VIP Account Manager.

Analyzing the cost structure reveals a clear trade-off between spreads and commissions. The Classic account is highly economical in terms of commissions ($1/lot) but charges wider spreads, meaning it is best for long-term swing traders who open fewer positions. On the other hand, the Gold account charges a higher commission ($7/lot) but offers tighter spreads starting at 1.0 pips, which is far more cost-effective for active scalpers and day traders whose profitability is highly sensitive to real-time bid-ask spreads.

Does FOREXimf Offer an Islamic Account?

FOREXimf offers fully Sharia-compliant, swap-free trading conditions as a native feature across both its main account types rather than requiring a separate application. Under these terms, Classic account holders can carry overnight positions free of interest charges for up to seven days, while Gold account holders enjoy permanent, unlimited swap-free trading on all instruments with no administrative overhead.

FOREXimf Fees and Trading Costs

FOREXimf's pricing structure sits in the moderate to high-mid range among BAPPEBTI-regulated brokers, characterized by floating spreads and a tiered commission model that varies significantly across its accounts. While the entry-level trading environment carries higher spread markups, active traders can optimize their costs by utilizing the tighter pricing structures and low commissions offered on premium tiers.

FOREXimf Trading Fees (Spreads / Commission Fees / Swap and Overnight Fees)

Trading costs on FOREXimf are divided into bid-ask spreads, per-lot commission charges, and overnight rollover (swap) fees. Understanding these fees is critical for calculating daily trading expenses.

• Spreads: The broker utilizes a floating spread model across all instruments. On the Classic account, spreads are relatively wide, starting at 2.5 pips for major currency pairs. On the Gold account, the pricing is much tighter, with spreads starting from 1.0 pips (specifically optimized for gold/XAUUSD), which reduces the immediate entry deficit for high-frequency traders.
• Commission Fees: Commission charges are calculated based on trading volume and account type. Classic accounts feature an ultra-low commission starting at just $0.01 per 0.01 lot (equivalent to $1 per standard lot round-turn). Gold accounts carry a standard commission starting at $0.07 per 0.01 lot (equivalent to $7 per standard lot round-turn), trading a higher flat fee for tighter execution spreads.
• Swap and Overnight Fees: Standard swap fees representing the interest rate differential between currency pairs apply only under specific account conditions. Classic account users can access a 7-day swap-free grace period, after which standard overnight fees are applied to open positions. Gold accounts are 100% swap-free permanently, allowing long-term swing traders to avoid any compounding rollover costs.

FOREXimf Non-Trading Fees (Inactivity Fees / Currency Conversion Fees)

Unlike many international brokers that charge administrative maintenance fees, FOREXimf maintains a highly transparent and cost-effective non-trading fee schedule.

• Inactivity Fees: No maintenance or inactivity charges are applied to dormant accounts — this allows retail traders to take breaks from the market without worrying about their balances slowly eroding.
• Currency Conversion Fees: Supported base account currencies are Indonesian Rupiah (IDR) and United States Dollar (USD). If you transfer funds in a currency that differs from your account's base currency, conversion will take place using standard prevailing interbank exchange rates with no arbitrary broker-imposed markups.

FOREXimf Deposits & Withdrawals (Deposit and Withdrawal Methods / Withdrawal Speed and Minimum Limits / Deposit and Withdrawal Fees / Withdrawal Issues and User Complaints)

FOREXimf processes deposits and withdrawals exclusively via major local Indonesian banks, offering fast execution times with zero broker-imposed fees but lacking international e-wallets or cryptocurrency support.

The broker relies strictly on local banking rails to maintain maximum regulatory compliance and prevent money laundering. Supported deposit and withdrawal methods include bank transfers via major local commercial banks such as Bank Central Asia (BCA), Bank Mandiri, BNI, and CIMB Niaga. Alternative deposit systems, credit/debit cards, and cryptocurrencies are not supported.

Transaction processing speeds are highly efficient. Funds deposited via local online banking or mobile apps are credited instantly to the trading platform. For withdrawals, requests submitted before 12:00 PM (midday) local Indonesian time are processed on the same business day, often arriving in the client's registered bank account within a few hours.

There are zero deposit or withdrawal fees charged by FOREXimf. However, any standard administrative or clearing fees assessed by your personal commercial bank remain the responsibility of the client.

The minimum deposit requirement is Rp 250,000 (approximately $16 USD) for the Classic account, while the Gold account requires a minimum of Rp 5,000,000 (approximately $315 USD). The minimum withdrawal limit is set at Rp 100,000, allowing retail traders to withdraw small profits easily.

Withdrawal issues or systematic complaints are virtually non-existent for this broker. Due to strict regulatory oversight by BAPPEBTI and the clearing houses (KBI and ICH), client funds are legally protected, and withdrawals are executed with high reliability and zero administrative delays.

FOREXimf Trading Platforms, Conditions & Experience

FOREXimf provides highly localized, stable trading conditions backed by standard execution tools and a powerful proprietary analysis app. Since its rebranding to PT QuickPro Berjangka Indonesia on February 1, 2026, the broker has focused heavily on upgrading its mobile trading experiences while maintaining its classic desktop platforms.

Does FOREXimf Support MT4, MT5 & Mobile Trading?

FOREXimf supports MetaTrader 4 and its customized proprietary QuickPro mobile application, but it does not offer the MetaTrader 5 platform. The broker has intentionally optimized its setup around MT4 and mobile solutions, which caters well to the local market.

• MetaTrader 4 (known as QuickPro Trader) is fully supported on Windows desktop and mobile devices — this guarantees traders have access to the industry-standard terminal for automated trading and custom Expert Advisors (EAs).
• The proprietary QuickPro mobile application is available on iOS and Android — this application acts as an all-in-one trading toolbox that modernizes mobile analysis beyond standard MT4 charting.
• Advanced features in the QuickPro app include instant indicator overlays — users can automatically plot key support/resistance levels, candlestick patterns, and chart setups with a single tap.
• MetaTrader 5 is completely unsupported — traders requiring MQL5 scripting or advanced native depth of market tools will need to utilize MT4 or the proprietary app instead.

What Can You Trade on FOREXimf? (markets and instruments)

FOREXimf offers a highly focused product catalog concentrated exclusively on foreign exchange and major commodities, completely omitting indices, stocks, and cryptocurrencies. Because they operate under tight national mandates, they prioritize depth in their core offerings over asset variety.

• Tradable assets: forex, gold, silver, crude oil.
• Forex currency selection consists of 18 major, minor, and exotic currency pairs — this includes highly traded pairs like EUR/USD, GBP/USD, and USD/JPY alongside localized exotics.
• Precious metals contracts cover Gold (XAUUSD) and Silver (XAGUSD) — these instruments are highly optimized with tighter spreads on Gold account types.
• Energy commodities are limited strictly to US Crude Oil (CL) contracts — no natural gas, soft commodities, or other energy products are supported.
• Major missing asset classes include international indices, shares, ETFs, and cryptocurrencies — traders looking to diversify across global equities or digital assets will find the broker’s catalog highly restricted.

FOREXimf Leverage, Margin & Order Execution

FOREXimf implements a straight-through processing (STP) execution model with leverage up to 1:500, routing trades directly to authorized local exchanges. This setup guarantees that execution conditions remain free from corporate market-making conflicts.

• Maximum leverage is capped at 1:500 for both Classic and Gold accounts — this is fully compliant with recent BAPPEBTI guidelines allowing higher leverage for retail traders.
• Margin requirements are calculated based on the selected leverage tier — under a 1:500 leverage structure, a micro-lot of 0.01 can be held with less than $1 USD of margin, providing high capital efficiency.
• STP execution ensures that all client orders are routed directly to local regulated exchanges — trades are cleared through the Jakarta Futures Exchange (JFX) or the Indonesia Commodity and Derivatives Exchange (ICDX).
• High-speed order execution eliminates dealing-desk intervention — this setup minimizes execution lag and prevents broker-side price manipulation or arbitrary requotes during major news events.

FOREXimf Research Tools & Educational Resources

FOREXimf excels in educational support by offering robust daily trading signals, interactive webinars, and direct analysis tools integrated directly into its proprietary mobile app. The broker prioritizes localized mentoring to foster long-term retail client success.

• Daily trading signals are published directly within the QuickPro app — these include precise, analyst-verified entry points, stop loss levels, and take profit targets.
• Interactive webinars and "E-course" training are available for all clients — these modules guide beginners from foundational technical analysis up to complex risk management frameworks.
• Proprietary mathematical and third-party tools are accessible on the mobile terminal — features like "Smart Pending Orders" and custom trend-following alerts help traders capture fleeting market opportunities.
• Personalized mentoring is provided through their VIP Group Trading networks — users have direct channels to ask questions and receive feedback from veteran market analysts.

How Good Is FOREXimf Customer Support?

FOREXimf provides highly responsive, 24/5 Indonesian-language customer support through live chat, WhatsApp, and dedicated account managers. Their customer-focused infrastructure ensures that administrative and trading queries are solved with minimal waiting times.

• Support is available 24 hours a day, 5 days a week — technical help desks operate continuously throughout the standard trading week, though help is unavailable during weekends.
• Active communication channels include online Live Chat, WhatsApp, phone, email, and direct support tickets — this gives clients several direct methods to resolve technical issues instantly.
• Dedicated personal account assistants are assigned to every registered trader — these assistants help guide new users through onboarding, platform navigation, and withdrawal requests.
• Premium VIP customer support is unlocked with a deposit of Rp 28,000,000 or more — this grants direct consulting channels with senior market analysts for portfolio discussions and bespoke trading strategies.

Who Is FOREXimf Best For?

FOREXimf is best suited for Indonesian retail beginners seeking a secure local environment with high-quality education, as well as active gold traders who benefit from tight spreads and permanent swap-free accounts. By centering its offerings around these specific client segments, the broker provides localized services that are difficult for offshore alternatives to replicate.

Is FOREXimf Good for Beginners?

Yes, FOREXimf is highly recommended for beginners due to its extremely low entry barriers, robust localized educational resources, and dedicated personal account managers.

The low minimum deposit requirement of Rp 250,000 on the Classic account allows first-time traders to transition from a demo environment to live trading with minimal financial risk. Furthermore, the broker’s comprehensive educational ecosystem—including structured online courses, interactive webinars, and daily trading signals built directly into the QuickPro app—removes the need for beginners to pay for external training programs. The addition of a personal account assistant for every client also ensures that the rigid local regulatory onboarding process is easy for novices to navigate.

Is FOREXimf Good for Gold Traders?

Yes, FOREXimf is an excellent option for gold traders who require competitive spreads, high leverage, and swap-free overnight holding conditions.

The broker has explicitly optimized its Gold account tier to cater to gold (XAUUSD) trading, offering competitive spreads that start from 1.0 pips. This pricing, combined with 1:500 leverage, gives specialized commodity traders the ability to maximize capital efficiency under tight margin requirements. Swing traders who hold gold contracts over several days or weeks benefit heavily from the broker's permanent swap-free structure, which prevents overnight holding fees from slowly eating into realized profits.

Is FOREXimf Good for Scalpers?

FOREXimf is moderately suitable for scalpers, though its efficacy depends heavily on choosing the premium Gold account over the entry-level Classic tier.

Scalping requires razor-thin spreads and instantaneous execution to remain profitable. Because the Classic account features wider spreads starting at 2.5 pips, it is generally unviable for high-frequency trading. However, the Gold account’s tighter spreads (starting at 1.0 pips) combined with straight-through processing (STP) order routing to local exchanges like JFX and ICDX ensure rapid, reliable execution with minimal slippage. While the STP model guarantees transparent trade clearing, scalpers should still evaluate whether the $7 per lot round-turn commission on the Gold account is competitive enough for their specific high-frequency strategy.

• Best for: Local retail beginners, gold swing traders, and regulation-focused traders seeking Indonesian legal protections.
• Less ideal for: Global traders residing outside Indonesia, active scalpers on a budget, and traders seeking cryptocurrencies, international stocks, or MT5 support.

Compare FOREXimf with Other Popular Brokers

FOREXimf holds a distinct advantage over global and local competitors due to its specialized local banking integrations, although its asset index is far more restricted. Evaluating how the broker compares with major domestic and international alternatives is crucial for selecting the most cost-effective platform.

FOREXimf vs MIFX

FOREXimf offers a far lower starting deposit barrier for micro-lot traders, but MIFX provides a significantly broader selection of asset classes including stock indices.

FOREXimf’s Classic account requires a deposit of just Rp 250,000 to begin trading 0.01 lots; by contrast, mifx has historically set higher entry barriers for its premium low-spread tiers. Furthermore, FOREXimf limits its tradable instruments to major forex pairs and core commodities like gold, silver, and oil. MIFX, on the other hand, expands its catalog to include global stock indices, giving traders direct access to major indices like the Nasdaq and Dow Jones. Both brokers operate under the same BAPPEBTI regulatory umbrella, ensuring identical standards of domestic fund security.

• Takeaway: FOREXimf is the better choice for low-budget commodity traders; MIFX suits those looking to trade global stock indices.

FOREXimf vs GKInvest

FOREXimf caters better to budget-conscious retail swing traders with its ultra-low deposit minimums, whereas GKInvest targets institutional-grade MT5 traders with advanced charting demands.

gkinvest requires a much higher initial capital outlay to open a live trading account, making its entry barrier steep for retail hobbyists. Additionally, GKInvest operates exclusively on the MetaTrader 5 platform, while FOREXimf restricts its software support to MetaTrader 4 alongside its proprietary QuickPro mobile app. For Muslim traders, GKInvest provides swap-free accounts with excellent institutional spreads; on the other hand, FOREXimf matches this by integrating permanent swap-free conditions directly into its mid-tier Gold accounts without requiring extra applications.

• Takeaway: FOREXimf is the better choice for retail MT4 traders on a budget; GKInvest suits high-volume MT5 specialists.

FOREXimf vs Exness

FOREXimf provides strict local regulatory backing and dedicated Indonesian-language mentoring, but Exness dominates in terms of tight spreads and international asset variety.

While exness operates under highly respected global licenses such as the FCA and CySEC, it does not carry local BAPPEBTI authorization, which strips Indonesian traders of local legal recourse and Rupiah-denominated bank clearing protections. However, Exness offers raw-spread environments starting at 0.0 pips with leverage up to 1:2000, dwarfing FOREXimf’s 1.0-pip gold spreads and 1:500 leverage cap. Moreover, Exness supports thousands of trading assets including global stocks, cryptocurrencies, and indices, which contrasts sharply with FOREXimf’s restricted forex and commodity catalog.

• Takeaway: FOREXimf is the better choice for security-focused traders seeking local legal protections; Exness suits international traders prioritizing tight spreads and raw market access.

FOREXimf Broker Quick Verdict

Our FOREXimf review concludes that the broker is a solid choice for Indonesian traders prioritizing high security and low-deposit accessibility, though its restricted asset catalog and wider spreads on basic accounts may limit advanced traders. By combining strict BAPPEBTI regulation with an exceptionally low entry barrier, it provides a highly secure domestic gateway for retail beginners and gold swing traders.

Editorial Transparency: This FOREXimf review is based on information from the official FOREXimf website, current regulatory filings, and independent third-party sources such as Trustpilot. We cross-checked the broker's regulation and license details, account types, trading and non-trading fees, deposit and withdrawal terms, platforms, and real user feedback to ensure accuracy and objectivity. This content is for educational purposes only and does not constitute financial advice; trading CFDs carries a high risk of losing money. Last updated: July 2026.