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FOREXer -

Regulated

Score

2.30 /10

Danger

FOREXer

Item: FOREXer
Rating: 2.30

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 risk

https://www.forexer.com

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Comparison

Quantity 1

Exposure

Time Machine

Website

Score

Regulatory Index3.92

Business Index7.25

Risk Management Index0.00

Software Index9.08

License Index0.00

Follow

Time Machine

Website

Licenses

LFSA Regulated

STP

FSPR Revoked

Financial Service Corporate

VPS Standard

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

FOREXer Limited

Company Abbreviation

FOREXer

Platform registered country and region

Malaysia

Company website

X

https://twitter.com/ForexerOfficial

Instagram

https://www.instagram.com/forexer.official/?igshid=YmMyMTA2M2Y%3D

https://www.linkedin.com/company/forexer-official/

Company summary

Pyramid scheme complaint

Expose

FOREXer · Company summary

FOREXer Review Summary
Founded	2004
Registered Country/Region	Malaysia
Regulation	LFSA, FSPR (Revoked)
Market Instruments	FX pairs, Commodities, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 2.5 pips (Standard account)
Trading Platform	MT5
Min Deposit	$100
Customer Support	Live chat, contact form
	Tel: +971 4 236 6160, +60 8750 4053
	WhatsApp: +97142366160
	Email: support@forex-er.com, info@forexer.com, support@forexer.com.my
	Social media: X, Instagram, Telegram, Linkedin
	Address: Office 5, Kim Business Centre 3, Unit F30, 1st floor, Paragon Labuan, Jalan Tun Mustapha 87000, Wilayah Persekutuan Labuan, Malaysia
	1st 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 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.

Check whenever you want

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Warning: Low score, please stay away! 3

Previous Detection : 2024-12-22

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

New ZealandFSPR (license number: 298426) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

The Office of FOREXer in New Zealand is Bogus

The inspection team did not find the office of FOREXer in New Zealand. Its FSPR license is suspected to be bogus.

Danger

New Zealand

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:500
Minimum Deposit	$10,000
Minimum spread	From 0.9
Products	--

Currency	--
Minimum position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Unable to withdraw

I deposited 48.000 pesos but they said they did not receive it.

FX3149113029

2021-08-19 06:22

FOREXer · Company summary

FOREXer Review Summary
Founded	2004
Registered Country/Region	Malaysia
Regulation	LFSA, FSPR (Revoked)
Market Instruments	FX pairs, Commodities, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 2.5 pips (Standard account)
Trading Platform	MT5
Min Deposit	$100
Customer Support	Live chat, contact form
	Tel: +971 4 236 6160, +60 8750 4053
	WhatsApp: +97142366160
	Email: support@forex-er.com, info@forexer.com, support@forexer.com.my
	Social media: X, Instagram, Telegram, Linkedin
	Address: Office 5, Kim Business Centre 3, Unit F30, 1st floor, Paragon Labuan, Jalan Tun Mustapha 87000, Wilayah Persekutuan Labuan, Malaysia
	1st 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 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.

User Reviews

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User comment

5

Comments

Write a review

louy0

more than one year

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.

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2024-06-21 17:58

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0

Diego Cruze

more than one year

Huge thanks to FOREXer for the smooth and professional experience! My first payout on April 31st went flawlessly. Keep up the amazing work, FOREXer! 👍👍👍

Translate to English

2024-05-08 17:29

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0

1