ImProForex Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-06 14:18Abstract：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 Review Summary | |
| Founded | 2022-11-21 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Stocks/Commodities/Indices/Bonds |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips(on Fx） |
| Trading Platform | MT5/ImProForex |
| Min Deposit | $10 |
| Customer Support | Email: 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.
Pros and Cons
| Pros | Cons |
| Demo account available | Unregulated |
| MT5 available | No 24/7 customer support |
| Leverage up to 1:500 | Inaccessible official website |
| Spread as low as 0 | |
| 1000+ trading instruments |
Is ImProForex Legit?
ImProForex is not regulated, making it less safe than regulated brokers.
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 | ❌ |
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 | Standard | ECN | VIP | Pro Forex |
| Minimum Deposit | $10 | $10 | $100 | $100 |
| Minimum Withdrawal | $10 | $10 | $100 | $100 |
| Minimum Spreads | 0.5 pips(on Fx) | 0.2 pips(on Fx) | 0.5 pips(on Fx) | 0.5 pips(on Fx) |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Swaps Free | Yes | Yes | Yes | Yes |
| Commission Free | Yes | $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.
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 Platform | Supported |
| MT5 | ✔ |
Deposit and Withdrawal
The minimum deposit is $10. ImProForex accepts tether, Perfect Money, bitcoin, wire transfers, etc. for deposit and withdrawal.
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