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ImProForex -

Score

1.31 /10
Danger

ImProForex

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://improforex.com/#

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Score

Regulatory Index0.00

Business Index5.44

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

ImProForex Limited.

Company Abbreviation

ImProForex

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ImProForex · Company summary
ImProForex Review Summary
Founded2022-11-21
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsStocks/Commodities/Indices/Bonds
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.2 pips(on Fx）
Trading PlatformMT5/ImProForex
Min Deposit$10
Customer SupportEmail: support@improforexcom
Phone: +44 20 8157 1235

ImProForex Information

ImProForex is an unregulated broker that offers access to over 1000 trading instruments including stocks, bonds, commodities, and indices. The broker also provides various accounts with a maximum leverage of up to 1:500. ImProForex also supports MT5 investing. ImProForex is still risky due to its unregulated status.

ImProForex Information

Pros and Cons

Pros Cons
Demo account availableUnregulated
MT5 availableNo 24/7 customer support
Leverage up to 1:500Inaccessible official website
Spread as low as 0
1000+ trading instruments

Is ImProForex Legit?

ImProForex is not regulated, making it less safe than regulated brokers.

Is ImProForex Legit?
Is ImProForex Legit?

What Can I Trade on ImProForex?

ImProForex offers various market instruments, including stocks, indices, commodities, and bonds.

Tradable Instruments Supported
Stocks✔
Commodities✔
Indices✔
Bonds✔
Shares❌
ETFs❌
Mutual Funds❌
What Can I Trade on ImProForex?

Account Type

ImProForex has four live account types with different opening conditions: Standard, ECN, VIP, and Pro Forex. Traders who want low spreads on Fx can choose an ECNaccount but need to pay a $7/lot commission. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type StandardECNVIPPro Forex
Minimum Deposit$10$10$100$100
Minimum Withdrawal$10$10$100$100
Minimum Spreads0.5 pips(on Fx)0.2 pips(on Fx)0.5 pips(on Fx)0.5 pips(on Fx)
Minimum Lot Size0.010.010.010.01
Leverage1:5001:5001:5001:500
Swaps FreeYesYesYesYes
Commission FreeYes$7/lot$3/lot$3/lot

ImProForex Fees

The spread is as low as 0.0 and the Standard account's commission is 0. The lower the spread, the faster the liquidity.

ImProForex Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

ImProForex cooperates with the authoritative MT5 trading platform. MT5 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported
MT5✔
Trading Platform

Deposit and Withdrawal

The minimum deposit is $10. ImProForex accepts tether, Perfect Money, bitcoin, wire transfers, etc. for deposit and withdrawal.

Deposit and Withdrawal
Deposit and Withdrawal

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Baby Face
more than one year
ImProForex lacks regulation, and I'm always on pins and needles when trading with them, worried that I won't be able to withdraw my money, even though everything seems fine so far. But, let me warn you all, don't take the same risk as me. It would be safer to choose a regulated, standard broker.
ImProForex lacks regulation, and I'm always on pins and needles when trading with them, worried that I won't be able to withdraw my money, even though everything seems fine so far. But, let me warn you all, don't take the same risk as me. It would be safer to choose a regulated, standard broker.
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2023-12-13 14:59
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