FOREXer Forex Broker

FOREXer Review SummaryFounded2004Registered Country/RegionMalaysiaRegulationLFSA, FSPR (Revoked)Market InstrumentsFX pairs, Commodities, CryptocurrenciesDemo Account✅LeverageUp to 1:1000SpreadFrom 2.5 pips (Standard account)Trading PlatformMT5Min Deposit$100Customer SupportLive chat, contact formTel: +971 4 236 6160, +60 8750 4053WhatsApp: +97142366160Email: support@forex-er.com, info@forexer.com, support@forexer.com.mySocial media: X, Instagram, Telegram, LinkedinAddress: Office 5, Kim Business Centre 3, Unit F30, 1st floor, Paragon Labuan, Jalan Tun Mustapha 87000, Wilayah Persekutuan Labuan, Malaysia1st floor, DIBC, Hor Al Anz East, Dubai, UAE FOREXer was registered by FOREXer Limited in 2004 in Malaysia. It offers multiple training assets, including FX pairs, Precious Metals, and Cryptocurrencies with leverage up to 1:2000 and spread from 2.5 pips on the Standard account through the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.Pros and ConsPros Cons Regulated by Labuan FSARevoked FSPR licenseVarious trading assetsLimited tradable asset classesMultiple account typesWide spreads for the Standard accountDemo accounts offeredNo commissionsPopular trading platform MT5Popular payment optionsLive chat supportIs FOREXer Legit? Yes. FOREXer is regulated by Labuan Financial Services Authority (Labuan FSA).Regulated Country Regulated Authority Current StatusRegulated Entity License TypeLicensed NumberLabuan Financial Services Authority (Labuan FSA)RegulatedForexer LimitedStraight Through Processing (STP)LL17111The Financial Service Providers Register (FSPR)Revoked FOREXER LIMITEDFinancial Service Corporate298426What Can I Trade on FOREXer?Tradable Instruments Supported FX pairs✔Commodities✔Cryptocurrencies✔Indices❌Stocks ❌Bonds❌Options ❌ETFs❌Account Type/Leverage/Fees FOREXer offers three account types: Trainee account, Standard account and PRO account. It also offers demo accounts.Account TypeTRAINEE STANDARD PRO Min Deposit $100$2,000$10,000Max Leverage 1:10001:5001:500SpreadFrom 1.2 pipsFrom 2.5 pipsFrom 0.9 pipsCommission ❌❌❌Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔iOS, Android, Windows and WebExperienced tradersMT4❌/BeginnersDeposit and Withdrawal FOREXer supports deposits and withdrawals via STICPAY, Mastercard, VISA, American express, bank transfer, JCB, diners club international, and Unionpay.