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Score

5.58 /10
Average

Exfor

Malaysia

2-5 years

Regulated in Malaysia

Straight Through Processing (STP)

MT4 Full License

Regional Brokers

Medium potential risk

https://www.exfor.com

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Comparison

Quantity 4

Exposure

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Website

Score

Regulatory Index3.92

Business Index6.23

Risk Management Index8.90

Software Index8.99

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Exfor Limited

Company Abbreviation

Exfor

Platform registered country and region

Malaysia

Company website

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Linkedin

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-11-02
  • The number of the complaints received by WikiFX have reached 4 for this broker. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
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Exfor · Company summary
Exfor Review Summary
Founded2004
Registered Country/RegionMalaysia
RegulationLFSA
Market InstrumentsForex, metals, indices, energies, stocks
Demo Account✅
LeverageUp to 1:500
Spread0.8 pips (EUR/USD)
Trading PlatformMT4, MT5
Minimum Deposit$50
Customer SupportLive 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 RestrictionUnited 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.

info

Pros and Cons

ProsCons
LFSA regulationRegional restriction
Various trading productsLimited payment options
MT4 and MT5 supportOnly two account types
Demo account available
Islamic accounts available
Multiple channels of contact

Is Exfor Legit?

Regulated AuthorityLabuan Financial Services Authority
Current StatusRegulated
Regulated CountryMalaysia
Regulated EntityExfor Limited
License TypeStraight Through Processing (STP)
License No.MB/22 / 0099
license

What Can I Trade on Exfor?

Tradable InstrumentsSupported
Forex✔
Metals✔
Indices✔
Energies✔
Stocks✔
Bonds❌
Cryptocurrencies❌
ETFs❌

Account Type

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
Account Type

Leverage

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
Standard1:500
Pro1:500

Exfor Fees

Account SpreadCommission
StandardFrom 0.9 pips$0
ProFrom 0.4 pips$0

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Windows, Mobile, WebBeginners
MT5✔Windows, Mobile, WebExperienced traders
Trading Platform

Deposit and Withdrawal

DepositWithdrawal
Payment OptionsMinimum DepositProcessing TimeMinimum WithdrawalProcessing Time
Bank Card$50Instantly$10Normally takes 3-5business days
Bank Transfer$500$500
Crypto$50$11-2 business days
Deposit and Withdrawal

News

NewsWikiFX Broker Assessment Series | Exfor: Is It Trustworthy?

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.

WikiFX
2024-08-05 18:21
WikiFX Broker Assessment Series | Exfor: Is It Trustworthy?
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User comment

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Comments

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bersekers
3-6months
He estado desde hace dias solicitando mi retiro y ni el broker me resuelve ni son capaces de ponerse en contacto conmigo, yo espero que alguien del equipo se ponga en contacto conmigo
He estado desde hace dias solicitando mi retiro y ni el broker me resuelve ni son capaces de ponerse en contacto conmigo, yo espero que alguien del equipo se ponga en contacto conmigo
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2025-05-10 00:20
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lugova5
more than one year
This broker does not return deposits to clients! stay away from him! As soon as you ask for your money back, they cancel your withdrawal request, start stalling for time, ask for additional documents, you provide everything, then the money is not returned to you! The broker personally accepts the money BUT does not return it back! Broker is a scammer!
This broker does not return deposits to clients! stay away from him! As soon as you ask for your money back, they cancel your withdrawal request, start stalling for time, ask for additional documents, you provide everything, then the money is not returned to you! The broker personally accepts the money BUT does not return it back! Broker is a scammer!
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2024-03-21 17:24
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