This FOREXimf review explores the broker’s regulatory framework, platform capabilities, account structure, and regional offerings tailored specifically for Indonesian traders. FOREXimf is a local forex and CFD broker headquartered in Indonesia, operating under strict local supervision and offering rupiah-based trading with strong educational support.

Regulation and Safety

FOREXimf is fully licensed and supervised by Indonesia’s Commodity Futures Trading Regulatory Agency (BAPPEBTI), under license number 736/BAPPEBTI/SI/6/2005. The broker is also a member of the Jakarta Futures Exchange (JFX) and the Indonesian Derivatives Clearing House (KBI), ensuring cleared trades and regulatory transparency. Client funds are segregated and held at official clearing member banks, offering additional protection against broker default.

Execution Model and Trading Platforms

FOREXimf uses a Market Maker model with transparent execution through its proprietary trading system. While MT4 and MT5 are not supported, the broker offers its own in-house web-based and mobile trading platform, designed for ease of use and integration with Indonesian payment systems. FIX API and VPS are not part of the current offering.

Markets and Instruments

FOREXimf offers a smaller but focused range of instruments tailored for local clients:

• Forex (USD/IDR and major global pairs)
• Commodities (gold, silver, crude oil)
• Indices (US and Asian benchmarks via CFD contracts)
• No support for stocks or cryptocurrencies

Accounts, Spreads and Leverage

FOREXimf provides a single account type for retail clients, designed for simplicity:

• Standard Account: Floating spreads from 1.5 pips, no commission
• Minimum deposit: IDR 500,000 (~$30 equivalent)
• Maximum leverage: 1:100 (as per BAPPEBTI guidelines)
• Stop-out level: 50%

The account is denominated in Indonesian Rupiah (IDR) with margin and profit/loss also calculated in local currency. Islamic accounts are not needed as all contracts are swap-free by default.

Funding and Base Currencies

FOREXimf supports local funding channels to accommodate Indonesian traders:

• Bank transfers (Bank Central Asia, Bank Mandiri, BNI, BRI)
• QRIS and online payment gateways (e.g., DANA, OVO, GoPay)

All transactions are processed in IDR. Deposits are instant, and withdrawals are typically processed within 1 business day. No fees are charged for deposits or withdrawals.

Client Protections and Features

As a BAPPEBTI-licensed broker, FOREXimf offers local protections such as:

• Clearing via the Indonesian Derivatives Clearing House (KBI)
• Client fund segregation at clearing banks
• Negative balance protection
• Daily margin and transaction reporting to BAPPEBTI

The platform also offers biometric login, encrypted access, and detailed transaction history for transparency.

Institutional and Retail Offering

FOREXimf is focused primarily on retail Indonesian traders. There are no institutional products such as FIX API, prime brokerage, or white-label solutions. Key features for retail include:

• Rupiah-based trading accounts
• Localised education, webinars, and signal services
• Dedicated local customer support
• Integration with Indonesian payment systems

Pros and Cons

Pros

• Regulated by BAPPEBTI and member of JFX & KBI
• Fully localised platform and currency support
• Easy IDR funding via Indonesian banks and e-wallets
• Swap-free trading with no hidden fees
• Beginner-friendly interface and strong local education

Cons

• Limited instruments compared to international brokers
• No MT4/MT5 or algorithmic trading options
• Not suitable for institutional or advanced traders

Frequently Asked Questions

Is FOREXimf a regulated broker?

Yes, FOREXimf is regulated by Indonesia’s BAPPEBTI and is a member of both the Jakarta Futures Exchange (JFX) and KBI.

What platform does FOREXimf use?

FOREXimf uses its proprietary web-based and mobile platform, not MT4 or MT5.

What is the minimum deposit at FOREXimf?

The minimum deposit is IDR 500,000 (approximately $30), which can be funded via local bank transfer or e-wallet.

Is crypto trading available on FOREXimf?

No, FOREXimf does not currently offer cryptocurrency trading.

Can I open an Islamic account at FOREXimf?

No specific Islamic account is needed as all trading is swap-free by default under BAPPEBTI rules.