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Score
China
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index6.76
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
FOREXTER
Company Abbreviation
FOREXTER
Platform registered country and region
China
Company website
Company summary
Pyramid scheme complaint
Expose
Unable to withdraw
It did a lot of transaction to attracted attention. It was a scam.
Not only a bonus account can be withdrawn, but a waste of time.
This broker just avoids the issues. What should I do next?
My profit was gone.
Frankly speaking, at first 3 months I still can withdraw but since March I can't anymore and almost 2 months already. This broker quite strange, I only can contact them via Facebook messenger. They will transfer your question to Forexter's Facebook page every time. Not professional ! This is my first time using no license broker! I can not blame anyone. Please be careful everyone.!
Note: FOREXTER's official website is currently inaccessible normally.
The diversity of trading products may be one of the outstanding advantages of FOREXTER, but it is not regulated at present is a big disadvantage, please pay attention to the safety of investors.
Pros | Cons |
Diversity of trading products | Unavailable website |
Lack of transparency | |
Regulatory problems | |
Poor customer service |
The broker is currently unregulated, so its potential risks and uncertainties are more significant.
It is not recommended that investors choose this broker, please carefully identify the authenticity and legitimacy of the broker, protect the safety of personal funds, and prevent being cheated.
FOREXTER mainly offers several trading instruments such as foreign exchange, commodities and precious metals, and CFDs.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Precious metals | ✔ |
CFDs | ✔ |
Features | ❌ |
Bonds | ❌ |
Indices | ❌ |
The payment methods supported by FOREXTER include VISA, Skrill, and CHINAPAY and so on.
Deposit Options |
VISA |
Skrill |
CHINPAY |
Customer service can be reached at support@forexter.com.
Contact Options | Details |
support@forexter.com |
Its biggest advantage is that more products are traded. However, its biggest drawback is that it is not regulated, which may increase the investment risk. All things considered, such brokers are best suited for experienced traders with high risk tolerance. However, it is still not recommended that investors choose unregulated brokers to avoid the possibility of risk.
Is FOREXTER good for beginners?
No, for beginners, FOREXTER may not be the best choice. In general, the forex market is complex and volatile, and it may be difficult for beginners to quickly master its trading rules and risk management skills, so a more friendly and inclusive entry platform is needed.
Is FOREXTER good for day trading?
Not suitable for day trading. FOREXTER is only as good as its trading speed, fee structure, execution efficiency, and whether it offers strategies and tools suitable for day trading. However, FOREXTER does not have clear information in these areas, and it may not be ideal for day trading.
Is it safe to trade with FOREXTER?
It's not safe. Trading with FOREXTER has significant insecurity factors. The site is inaccessible, lacks transparency and is unregulated, providing poor customer service. These factors will hurt the interests of investors.
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