Score
Malaysia
|
2-5 years
| https://www.exfor.com/
Website
Rating Index
MT4/5 Identification
Full License
United Kingdom
LicensesLicensed Entity：Exfor Limited
License No. MB/22 / 0099
Single Core
1G
40G
1M*ADSL
Malaysia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
exfor.com United States
VIP is not activated.
| Exfor Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Malaysia |
| Regulation | LFSA |
| Market Instruments | Forex, metals, indices, energies, stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | 0.8 pips (EUR/USD) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $50 |
| Customer Support | Live chat, contact form |
| Tel: +60 87 416 989 | |
| Email: Info@exfor.com | |
| Social Media: LinkedIn, Facebook | |
| Address: Office Suite 1629, Level 16 (A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T. | |
| Regional Restriction | United States, Israel, North Korea, Yemen |
Founded in 2004, Exfor is a Malaysian brokerage regulated by the LFSA. Exfor offers forex, metals, indices, energies, and stocks, and also provides MT4 and MT5 professional platforms for trading. It provides two types of accounts and a demo as well as an Islamic account, with a minimum deposit of $50 and leverage up to 1:500. Besides, it does not provide services for residents from the US, Israel, North Korea, and Yemen.
| Pros | Cons |
| LFSA regulation | Regional restriction |
| Various trading products | Limited payment options |
| MT4 and MT5 support | Only two account types |
| Demo account available | |
| Islamic accounts available | |
| Multiple channels of contact |
| Regulated Authority | Labuan Financial Services Authority |
| Current Status | Regulated |
| Regulated Country | Malaysia |
| Regulated Entity | Exfor Limited |
| License Type | Straight Through Processing (STP) |
| License No. | MB/22 / 0099 |
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Exfor offers two account types: Standard Account and Pro Account. Besides, a demo account and an Islamic account are also available.
| Account | Minimum Deposit |
| Standard | $50 |
| Pro | $3000 |
For both Standard Account and Pro Account, the leverage is 1:500. The use of leverage can maximize profits and increase losses at the same time.
| Account | Leverage |
|---|---|
| Standard | 1:500 |
| Pro | 1:500 |
| Account | Spread | Commission |
| Standard | From 0.9 pips | $0 |
| Pro | From 0.4 pips | $0 |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, Mobile, Web | Beginners |
| MT5 | ✔ | Windows, Mobile, Web | Experienced traders |
| Deposit | Withdrawal | |||
| Payment Options | Minimum Deposit | Processing Time | Minimum Withdrawal | Processing Time |
| Bank Card | $50 | Instantly | $10 | Normally takes 3-5business days |
| Bank Transfer | $500 | $500 | ||
| Crypto | $50 | $1 | 1-2 business days | |
In this article, we will conduct a comprehensive examination of Exfor, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The minimum deposit for the Pro Account is $100. For the Demo Account, no deposit is required as it is funded with virtual funds for a 30-day trial. Some deposit methods support a minimum of $10 for funding, but the account activation requires the stated $100.
Exfor Limited charges no commissions per lot on its Pro Account, which features competitive spreads starting from 0.2 pips. There is a monthly Pro Account fee of $25 after the first free month. Specific swap fees or inactivity fees were not provided. Deposit and withdrawal fees depend on the method used and may vary.
Exfor Limited is considered a legit and regulated broker due to its licensing by the Labuan Financial Services Authority. This regulatory status requires the broker to adhere to standards that protect client funds and maintain transparent operations. However, as with any trading, risks remain, and traders should proceed cautiously.
Yes, Exfor Limited provides a Demo Account with a 30-day trial period. It allows traders to practice trading in a risk-free environment using virtual funds, replicating real market conditions and enabling skill development before committing real money in the Pro Account.
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I have been requesting my withdrawal for days and neither the broker resolves it nor are they able to contact me. I hope someone from the team will get in touch with me.
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Habibi528
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THIEF PHOTO THAT STOLE MY MONEY‼️, DON'T LET ANYONE GET FOOLED, UNTIL MY MONEY IS RETURNED I WILL MAKE NEWS UNTIL THE BROKER IS OUT OF BUSINESS
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Habibi528
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Bastard broker steals my money. As long as you don't return my money, I'll keep making news so that no one gets fooled by dogs
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