EFOR Forex Broker

Note: EFOR's official website: https://www.eforfx15.com/ is currently inaccessible normally. EFORReview Summary Founded2021 Registered Country/RegionUkraine RegulationNot regulated Market InstrumentsForex, Crypto, Metals, and CFD Demo Account✅ LeverageUp to 1:200 Spread1.2 pips Trading PlatformMT4 Customer SupportPhone0(850)7112734 +850 7112734 Emailinfo@eforfx.com EFOR is an offshore broker offering Forex, Crypto, Metals, and CFDs. Besides, it offers four account types: Multi Account Manager (MAM), True ECN Account, Standard Account and Islamic Account. Moreover, it also offers demo accounts. However, it is not regulated by the National Securities and Stock Market Commission.Pros and Cons Pros Cons Various trading assetsNot regulated Popular trading platform MT4Lack of transparency Demo accounts offeredLow leverage 1:200Is EFOR Legit? EFOR claims it was regulated by the Australian Securities and Investments Commission (ASIC). However, we can't find any information on it, even the local financial authority, the National Securities and Stock Market Commission.What Can I Trade on EFOR? EFOR offers over 50 currency pairs and various CFDs on precious metals, indices, cryptocurrencies and some 150 shares. Tradable Instruments Supported Forex✔ Cryptos✔ Metals✔ CFDs✔ Options❌ ETFs❌Account Type EFOR offers four account types: Islamic account, Standard account, True ECN account and Multi Account Manager.Leverage EFOR's leverage is up to 1:200. However, it is not competitive in the market. And traders should alert the trap that leverage always comes with high profits, but also high losses.Spreads Different accounts have different spreads. The Standard account starts with 1.2 pips and the True ECN account starts with 0.0 pips. Besides, the Islamic account's spread is raw.Trading Platform Trading PlatformSupported Available Devices Suitable for MT4✔Desktop, MobileBeginnersDeposit and Withdrawal EFOR can deposit through Neteller, PayPal, Skrill, Western Union, PayU, Bitcoin, VISA, MasterCard and American Express. However, the minimum deposit and fees are not mentioned.Customer Service Contact Options Details Phone +850 7112734 0(850)7112734 Email info@eforfx.com Support Ticket System ❌ Online Chat ❌ Social Media Twitter, Facebook Supported Language English Website Language English, Ukrainian, Russian, and Arabic. Physical Address /The Bottom Line In conclusion, EFOR is not a good choice for trading. Though it offers various trading assets and account types, it is not regulated by any financial authorities. Besides, traders can find more brokers with competitive leverage higher than 1:200. The most important thing is it shows no fees on its website.FAQs Is EFOR safe? No, EFOR is not regulated. What kind of trading platform does EFOR offer? EFOR offers the most popular trading platform - MT4. Is EFOR good for day trading? No. There is no information about fees.