Exfor Forex Broker keeps up-to-date with the latest trading account information, including Standard, Pro maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
Offers a variety of trading instruments including over 65 forex currency pairs, gold, silver, and commodities.
Utilizes popular trading platforms MetaTrader 4 and MetaTrader 5, which are well-regarded in the industry.
Low minimum deposit requirement of $100, making it accessible for new traders.
Cons
Lacks a legitimate forex license, raising concerns about the safety of funds and regulatory oversight.
Offshore registration may lead to difficulties in recovering funds or resolving disputes.
Withdrawal processes may involve high fees and stringent conditions, making it challenging for traders to access their money.
Exfor broker Accounts
Standard
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$50
Minimum Spread
from 0.9
Depositing Method
(4+) Bank transfer
Withdrawal Method
(4+) Bank transfer
Minimum position
0.01
Commission
$0
Products
forex, metals, indices, energies, stocks
Pro
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$3000
Minimum Spread
from 0.4
Depositing Method
(4+) Bank transfer
Withdrawal Method
(4+) Bank transfer
Minimum position
0.01
Commission
$0
Products
forex, metals, indices, energies, stocks
Exfor Account Type
Exfor offers two types of accounts for traders:
- Pro Account:
- Minimum Deposit: $100
- Maximum Leverage: Up to 1:100
- Spreads: Starting from 0.2 pips
- Commission: No commission per lot
- Features: Access to a wide range of markets including forex, commodities, energies, and indices. The account is designed for experienced traders seeking a professional trading environment.
- Demo Account:
- Trial Period: 30-day free trial
- Purpose: Ideal for beginners to practice trading without risking real money.
- Features: Mimics real market conditions and trading strategies can be tested.
- Visit the Official Website: Go to Exfor's website.
- Choose Account Type: Decide whether you want to open a Pro Account or a Demo Account.
- Fill Out the Application: Provide the required personal information, including your name, email address, and phone number.
- Verify Your Identity: You may need to submit identification documents such as a drivers license or passport.
- Fund Your Account: Make a minimum deposit of $100 for the Pro Account using available payment methods (e.g., bank transfer, credit card).
- Start Trading: Once your account is funded, you can begin trading on the platform.
Exfor Broker Account Opening Process
To open an account with Exfor, follow these steps:
For more details, visit the source: Exfor - Forex Penguin and Exfor Forex Broker - WikiBit.
Exfor Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Exfor accounts can be viewed for products that can be traded forex, metals, indices, energies, stocks accounts with a minimum deposit of $50 by (2+) (4+) Bank transfer.