Score
United Arab Emirates
|
5-10 years
| https://www.forexer.com/
Website
Rating Index
MT4/5
Full License
FOREXer-Server
Influence
D
Influence index NO.1
Vietnam 2.64
MT4/5 Identification
Full License
NetherlandsInfluence
D
Influence index NO.1
Vietnam 2.64 United Arab EmiratesThe 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.
New ZealandThe 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.
New Zealand
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
forexer5.com forexer.com.my forexer.com forexer2.com forexer1.com
VIP is not activated.
| 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 | 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 |
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 |
| Tradable Instruments | Supported |
| FX pairs | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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 | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, Windows and Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
FOREXer supports deposits and withdrawals via STICPAY, Mastercard, VISA, American express, bank transfer, JCB, diners club international, and Unionpay.
FOREXer processes withdrawals in 1-3 business days, depending on the method. Bank transfers may take longer, while credit cards and e-wallets like STICPAY tend to be quicker. As I mentioned in my FOREXer review, it's always good to account for processing times when planning your trading activities.
FOREXer offers the MetaTrader 5 (MT5) platform, which I find great for advanced traders due to its powerful charting and analysis tools. In my FOREXer review, I discussed how MT5 supports automated trading and provides various features that enhance the trading experience.
The minimum withdrawal amount with FOREXer depends on the payment method. For credit cards and e-wallets, it is typically $10, while for bank transfers, it may be higher. I mentioned this in my FOREXer review, as understanding the minimum withdrawal amount helps in planning withdrawals.
Yes, FOREXer is regulated by the Labuan Financial Services Authority (Labuan FSA). In my FOREXer review, I noted that while it's regulated by Labuan FSA, its previous FSPR license has been revoked, which could be a concern for traders. The Labuan FSA regulation offers some oversight, but the revocation of its FSPR license should be taken seriously.
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FX3149113029
Argentina
I deposited 48.000 pesos but they said they did not receive it.
Exposure
louy0
Malaysia
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.
Positive
Diego Cruze
Colombia
Huge thanks to FOREXer for the smooth and professional experience! My first payout on April 31st went flawlessly. Keep up the amazing work, FOREXer! 👍👍👍
Positive
知足
Spain
Why is the website all in Persian? My God, I can't understand it at all. I don't even know of any country where this language is spoken. And this company does not have any regulatory license.
Neutral