Exfor Limited
Abstract：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.
| Exfor Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Malaysia |
| Regulation | LFSA |
| Market Instruments | Forex, metals, indices, energies, stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | 0.8 pips (EUR/USD) |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $50 |
| Customer Support | Live 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 Restriction | United 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.
Pros and Cons
| Pros | Cons |
| LFSA regulation | Regional restriction |
| Various trading products | Limited payment options |
| MT4 and MT5 support | Only two account types |
| Demo account available | |
| Islamic accounts available | |
| Multiple channels of contact |
Is Exfor Legit?
| Regulated Authority | Labuan Financial Services Authority |
| Current Status | Regulated |
| Regulated Country | Malaysia |
| Regulated Entity | Exfor Limited |
| License Type | Straight Through Processing (STP) |
| License No. | MB/22 / 0099 |
What Can I Trade on Exfor?
| Tradable Instruments | Supported |
| 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 |
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 |
|---|---|
| Standard | 1:500 |
| Pro | 1:500 |
Exfor Fees
| Account | Spread | Commission |
| Standard | From 0.9 pips | $0 |
| Pro | From 0.4 pips | $0 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, Mobile, Web | Beginners |
| MT5 | ✔ | Windows, Mobile, Web | Experienced traders |
Deposit and Withdrawal
| Deposit | Withdrawal | |||
| Payment Options | Minimum Deposit | Processing Time | Minimum Withdrawal | Processing Time |
| Bank Card | $50 | Instantly | $10 | Normally takes 3-5business days |
| Bank Transfer | $500 | $500 | ||
| Crypto | $50 | $1 | 1-2 business days | |
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