IamFX Reviews and User Ratings

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IamFX General Information


Broker Name
IamFX
Established
2009
Country
Panama
Min Deposit
$500
Max Leverage
1:400
Regulation
FSC, BVI
Email
support@iamfx.com
Telephone
+507-8366016
Fax
+1284-494-5357
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Skrill, Neteller, China Union Pay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Skrill, Neteller, China Union Pay

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Description


IamFX Background

IamFX is a forex broker based in Canada and Panama. IamFX established in 2009 and follows a true Straight-Through Processing Model which most traders find more favorable compared to Market Maker brokers. The broker is regulated by FSC and FSCI (BVI). An initial browse of IamFX’s homepage would immediately show the professionalism, stability, and reliability that the broker embodies, with their clear and organized tabs that allow traders easy navigation. IamFX offers a wide array of features from their website alone, allowing traders to learn from the best through their investor “leader lounge” and other educational materials.

Features of IamFX

IamFX offers CFDs as well as metals along with 48 forex currency pairs in their arsenal of trading instruments. Traders have access to the gold-standard trading platform, in the form of MetaTrader4 as well as Mobile MetaTrader, allowing traders to stay connected and conduct their business on the go. The broker also offers VPS Hosting and MyfxbookAutoTrade for their client’s convenience. IamFX has a rather low minimum account deposit at $500 with a maximum account size of $5,000. One of the boons of IamFX is their offer of fixed spread in their transactions, starting at 0.8 pips, which is the case for EUR/USD. The minimum position size is 0.01 lot and IamFX commission (one-way) per one standard lot is set at $1.20. Leverage for both Forex and gold and Silver is set at 1:400.

Conclusion

Overall, IamFX is one of the better brokers out there who actually utilize a true STP model. The reliability of their servers as well as their trading platform makes trade execution fast and on the dot. The fixed spread and commission ensures that all traders are equipped with the knowledge necessary to make winning trades.

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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


One of the greatest merits of IamFX is their excellent customer support which is easily reached through a variety of means; email, live chat, through the phone, as well as Skype.

PROS:
  • True STP Model
  • 1:400 Leverage
  • Fixed Spreads
CONS:
  • $5,000 maximum account size
  • $500 minimum account deposit
  • Limited Language Support
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Account Type


  • Minimum Account Size: $500
  • Spread: Low/ Fixed
  • Trading Instruments: Forex
  • Trading Platforms: MT4, Mobile MetaTrader, Myfxbook Autotrade
  • Stop-Out Level: 100%

  • Minimum Account Size: $2500
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, CFDs, Gold & Silver
  • Trading Platforms: MT4, Mobile MetaTrader, Myfxbook Autotrade
  • Stop-Out Level: 100%

  • Minimum Account Size: $50000
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, CFDs, Gold & Silver
  • Trading Platforms: MT4, Mobile MetaTrader, Myfxbook Autotrade
  • Stop-Out Level: 100%

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IamFX Review Score


IamFX Reviews and User Ratings
7.5 Total Score
5 reviews
Add your review
Web Design
7.4
Reliability
7.4
Platform
7.4
Customer Support
7.6
Withdrawal
8.0
Broker Name
IamFX
Established
2009
Country
Panama
Min Deposit
$500
Max Leverage
1:400
Regulation
FSC, BVI
Email
support@iamfx.com
Telephone
+507-8366016
Fax
+1284-494-5357
Website Language
English
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Skrill, Neteller, China Union Pay
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Skrill, Neteller, China Union Pay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
IamFX Reviews and User Ratings
7.5 Total Score
5 reviews
Add your review
Web Design
7.4
Reliability
7.4
Platform
7.4
Customer Support
7.6
Withdrawal
8.0

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Doug Marcus
    April 13, 2016 at 11:00 pm
    1.4
    Web Design
    30
    Reliability
    20
    Platform
    20
    Customer Support
    30
    Withdrawal
    40

    Server crashes, server crashes everywhere! IamFX takes the award of worst broker in my lifetime. If their servers don’t crash, your connection through MT4 freezes, one order almost gave me a heart attack leaving me in a -900% on one of my positions trade leaving me with a negative account balance. Seriously, what the hell?

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Marvin Canoy
    March 15, 2016 at 6:00 pm
    2.6
    Web Design
    50
    Reliability
    50
    Platform
    50
    Customer Support
    50
    Withdrawal
    60

    Honestly, I’m lukewarm about my experience with IamFX. As I see it, they’re not an awful broker, nor are they an excellent broker and not a mediocre one either. I just find that IamFX is missing something to take it into the big leagues, such as more trading instruments, more versatile trading platforms and the like.

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  3. Reply
    Gino Haradan
    January 1, 2016 at 10:00 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    I normally read a lot of reviews about a broker before signing up for an account with them. In the case of IamFX though I read a lot of mixed reviews but decided to open one anyway. I’m sure glad I did though, because contrary to what others say IamFX offers a true STP environment which is really favourable for traders. I’ve been with them for three years now so I know what I’m talking about.

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  4. Reply
    Dylan Toreadeux
    July 7, 2014 at 3:00 pm
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    I actually moved on from IamFX around a year ago, for what reason I can’t remember anymore, but then I should go back and kick 2014 me in the behind. I’ve opened accounts with other brokers and I have to say that IamFX is simply the best among all I’ve been with. This is high praise considering that I’ve been to other so called top notch brokers out there.

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  5. Reply
    Lee Panghi
    April 4, 2014 at 7:00 am
    4.9
    Web Design
    90
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    MetaTrader4 is the standard trading platform for brokers right now, however, that doesn’t mean that the quality of trade execution is also standard. There are just some brokers that stand out among the rest and I have to give props to IamFX for being among them. I haven’t had any problems with trade executions; I even get amazing positive slippages which I’ve never experienced on other brokers.

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