Canfor
Abstract：Canfor, founded in 2011, is an old brokerage registered in Saint Lucia. The trading instruments it provides cover forex, commodities, futures, index, and cryptocurrencies. However, it is unregulated, and it does not provide services for residents in certain areas.
| Canfor Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, futures, index, cryptocurrencies |
| Demo Account | ✔ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT5 |
| Minimum Deposit | / |
| Customer Support | Phone: 85230501758 |
| Email: service@canforfinancial.com | |
| Address: Workshop 7, 20/F Khora, 128 Bedford Road, Tai Kok Tsui, Kowloon, Hong Kong | |
| Regional Restrictions | Only accepts clients from Asia & Pacific confederation, specifically from South East Asia. Canfor Global Limited does not provide services to residents of the Americas region, Arab states, CIS countries, and European nations. |
Canfor Information
Canfor, founded in 2011, is an old brokerage registered in Saint Lucia. The trading instruments it provides cover forex, commodities, futures, index, and cryptocurrencies. However, it is unregulated, and it does not provide services for residents in certain areas.
Pros and Cons
| Pros | Cons |
| Wide range of trading instruments | No regulation |
| MT5 supported | Limited account types |
| Demo account available | Limited withdrawal options |
| No Islamic trading account | |
| No copy trading | |
| Regional restrictions |
Is Canfor Legit?
Canfor doesn't have a license, which means traders need to be more careful when trading through Canfor.
What Can I Trade on Canfor?
Canfor offers traders the opportunity to trade forex, commodities, futures, index, cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Index | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Options | ❌ |
Account Types
Canfor offers 2 different types of accounts to traders, which are Live Account and Demo Account.
Trading Platform
Canfor's trading platform is MT5, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, Web, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
The broker supports three payment methods, which are BTC, ETH, USDT.
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