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FOREXTER -

Score

1.48 /10
Danger

FOREXTER

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.forexter.com

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.80

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

FOREXTER

Company Abbreviation

FOREXTER

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

6 pieces of exposure in total
Pyramid scheme complaint
Expose
FOREXTER · Company summary
FOREXTERReview Summary
Founded2012-03-07
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsForex/Commodities/Indices/Shares
Demo Account❌
Leverage/
Spread1.6 pips (URUSD on forex）
Trading PlatformMT4(Desktop/Web/Mobile(Android/iOS))
Min Deposit/
Customer Supportsupport@forexter.com

FOREXTER Information

FOREXTER is a broker registered in China, giving traders access to forex, commodities, indices, shares, and more. The broker also cooperates with authorized MT4 and 24-hour customer support. FOREXTER is still risky due to its unregulated status and inaccessible website.

FOREXTER Information

Pros and Cons

Pros Cons
MT4 availableUnregulated
Various tradeable instrumentsNo account and fee information
Inaccessible official website

Is FOREXTER Legit?

FOREXTER is not regulated, making it less safe than regulated brokers.

Is FOREXTER Legit?
Is FOREXTER Legit?

What Can I Trade on FOREXTER?

Traders can choose different investment directions because the broker provides traders with access to forex, commodities, indices, shares, and more.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Shares✔
What Can I Trade on FOREXTER?

Trading Platform

FOREXTER cooperates with the authoritative MT4 trading platform available in Desktop, and Mobile(iOS and Android) versions. Junior traders prefer MT4 over MT5.

Trading PlatformSupported Available Devices
MT4✔Desktop/Mobile(iOS&Android)
Trading Platform

FOREXTER Fees

The spread is 1.6 pips (URUSD on forex). While the lower the spread, the faster the liquidity.

Deposit and Withdrawal

The broker provides multiple payment methods, including Visa, MasterCard, Maestro, Skrill, and CHINAPAY. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

Customer Support Options

FOREXTER provides 24-hour customer support; traders can communicate via email instead of by phone. However, this will reduce the efficiency of consultation.

Contact Options Details
Email support@forexter.com
Supported Language Chinese/English
Website Language Chinese/English
Customer Support Options
Customer Support Options

User Reviews

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User comment

1

Comments

Write a review

Aloysius Rockweller
more than one year
I tried reaching out to their customer support, but the response time was slower than I expected. It feels like they need to step up their game to compete with more user-friendly platforms out there.
I tried reaching out to their customer support, but the response time was slower than I expected. It feels like they need to step up their game to compete with more user-friendly platforms out there.
Translate to English
2023-12-06 10:27
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