FOREXer Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.forexer.com/, the company's legitimate regulatory information MalaysiaLFSAStraight Through Processing(STP),New ZealandFSPRFinancial Service Corporate, to enhance the security of the company's address Office 5, Kim Business Centre 3, Unit F30, 1st floor, Paragon Labuan, Jalan Tun Mustapha 87000, Wilayah Persekutuan Labuan, Malaysia..
FOREXer Forex Broker
Basic information
Malaysia
5-10 years Regulated in Malaysia Straight Through Processing(STP) MT5 Full License Global Business New Zealand Financial Service Corporate Revoked Suspicious Overrun High potential riskCompany profile
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 Cons
| Pros | Cons |
| Regulated by Labuan FSA | Revoked FSPR license |
| Various trading assets | Limited tradable asset classes |
| Multiple account types | Wide spreads for the Standard account |
| Demo accounts offered | |
| No commissions | |
| Popular trading platform MT5 | |
| Popular payment options | |
| Live chat support |
Is FOREXer Legit?
Yes. FOREXer is regulated by Labuan Financial Services Authority (Labuan FSA).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | Licensed Number |
| Labuan Financial Services Authority (Labuan FSA) | Regulated | Forexer Limited | Straight Through Processing (STP) | LL17111 | |
| The Financial Service Providers Register (FSPR) | Revoked | FOREXER LIMITED | Financial Service Corporate | 298426 |
What 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 Type | TRAINEE | STANDARD | PRO |
| Min Deposit | $100 | $2,000 | $10,000 |
| Max Leverage | 1:1000 | 1:500 | 1:500 |
| Spread | From 1.2 pips | From 2.5 pips | From 0.9 pips |
| Commission | ❌ | ❌ | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, Windows and Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
FOREXer supports deposits and withdrawals via STICPAY, Mastercard, VISA, American express, bank transfer, JCB, diners club international, and Unionpay.
Rating Index
PRO
STANDARD
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
Diego Cruze
Colombia
Huge thanks to FOREXer for the smooth and professional experience! My first payout on April 31st went flawlessly. Keep up the amazing work, FOREXer! 👍👍👍
Positive
2024-05-08
知足
Spain
Why is the website all in Persian? My God, I can't understand it at all. I don't even know of any country where this language is spoken. And this company does not have any regulatory license.
Neutral
2022-12-06
louy0
Malaysia
Thanks for the low spreads and the ease of using MetaTrader 5. Customer support is on point, always there when I need them. Just hoping for even faster trade executions in the future.
Positive
2024-06-21