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Broker Reviews

Exfor

Trust Score:

5.00

(2 Reviews)
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About Exfor

Exfor operates under the brand of Exfor Limited, registered in Labuan, Malaysia, and offers online trading across Forex and CFD markets through its platforms. The website presents account setup and trading functionality alongside an all-in-one funding and withdrawal page. Third-party reviews highlight that the brokerÕs regulatory status and transparency may be weaker than those of brokerages regulated in established jurisdictions.

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Regulation & Security

It reports a licence number (#LL17698) with the Labuan Financial Services Authority in Malaysia and lists a Labuan address. While it claims to be regulated, external review sources note the regulatory framework for Labuan does not equate to oversight standards seen in major jurisdictions.

Account and Setup

The website outlines account types: a Standard account beginning from USD 50 minimum deposit and a Pro account from USD 3,000. Both are accessible via MetaTrader platforms and specify features such as 0.01 minimum lot size and order execution via market model.

Funding Options

Funding and withdrawal options are listed on the brokerÕs site and include bank transfer, bank card and cryptocurrency. The broker states it does not charge additional deposit or withdrawal fees, though some processing-time ranges and minimums are noted (for example bank card deposit USD 50, crypto deposit USD 50).

Bot & API Compatibility

The broker supports both MetaTrader 4 and MetaTrader 5 platforms for trading, and the MT5 account model allows hedge and netting types according to the website. Automated trading via Expert Advisors (EAs) is implied by the availability of MT4/MT5 automated functions on the platforms.

Trading Conditions& Restrictions

Trading conditions published on the website list spread from 0.9 pips on the Standard account and from 0.4 pips on the Pro account, minimum trade size of 0.01 lots, maximum leverage up to 1:500, margin call at 100 % and stop_out at 50 %. The website states all trading styles are welcome including scalping and hedging.

Regulation & Security

It reports a licence number (#LL17698) with the Labuan Financial Services Authority in Malaysia and lists a Labuan address. While it claims to be regulated, external review sources note the regulatory framework for Labuan does not equate to oversight standards seen in major jurisdictions.

Account and Setup

The website outlines account types: a Standard account beginning from USD 50 minimum deposit and a Pro account from USD 3,000. Both are accessible via MetaTrader platforms and specify features such as 0.01 minimum lot size and order execution via market model.

Funding Options

Funding and withdrawal options are listed on the brokerÕs site and include bank transfer, bank card and cryptocurrency. The broker states it does not charge additional deposit or withdrawal fees, though some processing-time ranges and minimums are noted (for example bank card deposit USD 50, crypto deposit USD 50).

Bot & API Compatibility

The broker supports both MetaTrader 4 and MetaTrader 5 platforms for trading, and the MT5 account model allows hedge and netting types according to the website. Automated trading via Expert Advisors (EAs) is implied by the availability of MT4/MT5 automated functions on the platforms.

Trading Conditions& Restrictions

Trading conditions published on the website list spread from 0.9 pips on the Standard account and from 0.4 pips on the Pro account, minimum trade size of 0.01 lots, maximum leverage up to 1:500, margin call at 100 % and stop_out at 50 %. The website states all trading styles are welcome including scalping and hedging.

Exfor Reviews

( 2 )

Exfor Reviews

( 2 )
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