IamFX Reviews

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Broker information

IamFX broker reviews

  • Website:
  • Year since: 2009
  • Headquarters: Republic of Panama
  • Company registration: IamFX Inc., Panama
  • Regulation: Not regulated.
  • Notes: IamFX is an IB for Gallant Capital Markets.

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Correct. Thank you for pointing that out.
Sunspot Capital Corp. – the custodian of IamFX – was registered with SEC as an Investment Advisor Firm.
However, if you perform a check now:

it says: “This investment adviser [Sunspot Capital Corp.] is no longer registered with the SEC and is not required to update its Form ADV. The information shown is for historical purposes and you should not presume it is currently accurate”.

Regulated by the SEC? What are you talking about???

Quote from IamFX rep: “IamFX Inc. is registered in Panama and we use Gallant Capital Markets, Ltd. (“GCM”) for execution – a British Virgin Islands based Broker Dealer and registering under SIBA with the BVI Financial Services Commission (“FSC”)”

They also no longer accept US citizens. Thanks Frank-Dodd!!!

Just to clarify the VPS charge as Malcolm, Australia pointed out.

I too was charged $35 but that was because I had forgotten to cancel it and had not used it for 30 days. They do tell you about this when you open a VPS account so I couldn’t complain as it was my own fault.