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Broker Reviews

eFOREX

Trust Score:

0.50

(2 Reviews)
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About eFOREX

eFOREX offers trading across forex, commodities, indices and stocks through its platform infrastructure and emphasises access for retail clients. With a stated foundation date of 1988, the broker positions itself for traders seeking global market exposure and algorithm-based strategy integration.

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Regulation & Security

The brokerÕs regulatory disclosures indicate that it is not registered with U.S. or Canadian regulators such as the NFA, SEC or CFTC and operates without a clearly verified licence from top-tier jurisdictions. This raises significant considerations for client fund protection and oversight.

Account and Setup

The account registration process includes online submission of personal and verification information followed by live account activation. According to available details, live trading starts after verification with one referenced minimum deposit as low as USD 5 for standard account access.

Funding Options

Funding methods include bank wire transfers, credit/debit cards and e-wallet systems such as Skrill and Neteller in some cases, with traders advised to review individual method terms and currency support.

Bot & API Compatibility

Automated trading is supported via widely used platforms and the broker references use of MetaTrader 4 and MetaTrader 5 platforms, both of which allow the deployment of Expert Advisors (EAs) and algorithmic strategies.

Trading Conditions& Restrictions

Trading conditions mention leverage up to approximately 1 : 400 under certain account types and spreads from around 1.6 pips for the standard account. The offering is CFD-based and algorithmic traders should consider derivative risk and review applicable margin and account tiers.

Regulation & Security

The brokerÕs regulatory disclosures indicate that it is not registered with U.S. or Canadian regulators such as the NFA, SEC or CFTC and operates without a clearly verified licence from top-tier jurisdictions. This raises significant considerations for client fund protection and oversight.

Account and Setup

The account registration process includes online submission of personal and verification information followed by live account activation. According to available details, live trading starts after verification with one referenced minimum deposit as low as USD 5 for standard account access.

Funding Options

Funding methods include bank wire transfers, credit/debit cards and e-wallet systems such as Skrill and Neteller in some cases, with traders advised to review individual method terms and currency support.

Bot & API Compatibility

Automated trading is supported via widely used platforms and the broker references use of MetaTrader 4 and MetaTrader 5 platforms, both of which allow the deployment of Expert Advisors (EAs) and algorithmic strategies.

Trading Conditions& Restrictions

Trading conditions mention leverage up to approximately 1 : 400 under certain account types and spreads from around 1.6 pips for the standard account. The offering is CFD-based and algorithmic traders should consider derivative risk and review applicable margin and account tiers.

eFOREX Reviews

( 2 )

eFOREX Reviews

( 2 )
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