FOREXer-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-12-19 17:00

Ikhtisar：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.

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.