Score
FOREXer
Malaysia|5-10 years| https://www.forexer.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
NetherlandsContact
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic information
MalaysiaThe 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 ZealandAccount Information
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
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Website
forexer.com.my
Server Location
United States
Website Domain Name
forexer.com.my
Server IP
104.21.32.171
-
forexer.com
Server Location
United States
Website Domain Name
forexer.com
Server IP
104.21.36.202
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forexer2.com
Server Location
United States
Website Domain Name
forexer2.com
Server IP
172.67.156.98
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.
Keywords
- 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
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FX3149113029
Argentina
I deposited 48.000 pesos but they said they did not receive it.
Exposure
2021-08-19
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
2022-12-06
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
06-21
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
05-08