FOREXTER

Thailand

It did a lot of transaction to attracted attention. It was a scam.

Exposure

2021-08-14

FX2143937824

Indonesia

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.!

Exposure

2021-06-02

FX1566234882

Thailand

This broker just avoids the issues. What should I do next?

Exposure

2021-04-11

Aloysius Rockweller

Malaysia

I tried reaching out to their customer support, but the response time was slower than I expected. It feels like they need to step up their game to compete with more user-friendly platforms out there.

Neutral

2023-12-06

FX3507543713

Thailand

Unable to withdraw

Exposure

2021-04-02

Patita AJa Tangarinchaikul

Thailand

My profit was gone.

Exposure

2020-10-15

waranchai kraisit

Thailand

Not only a bonus account can be withdrawn, but a waste of time.

Exposure

2020-09-30

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Official Website

Verified Site

forexter.com
172.67.181.187
Server Location
United States
ICP Registration No.
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Top Visitor Locations
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Creation Date
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Website Name
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Company Profile

Review summary

FOREXTERReview Summary
Founded	2012-03-07
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Forex/Commodities/Indices/Shares
Demo Account	❌
Leverage	/
Spread	1.6 pips (URUSD on forex）
Trading Platform	MT4(Desktop/Web/Mobile(Android/iOS))
Min Deposit	/
Customer Support	support@forexter.com

FOREXTER Information

FOREXTER is a broker registered in China, giving traders access to forex, commodities, indices, shares, and more. The broker also cooperates with authorized MT4 and 24-hour customer support. FOREXTER is still risky due to its unregulated status and inaccessible website.

Pros and Cons

Pros	Cons
MT4 available	Unregulated
Various tradeable instruments	No account and fee information
	Inaccessible official website

Is FOREXTER Legit?

FOREXTER is not regulated, making it less safe than regulated brokers.

What Can I Trade on FOREXTER?

Traders can choose different investment directions because the broker provides traders with access to forex, commodities, indices, shares, and more.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔

Trading Platform

FOREXTER cooperates with the authoritative MT4 trading platform available in Desktop, and Mobile(iOS and Android) versions. Junior traders prefer MT4 over MT5.

Trading Platform	Supported	Available Devices
MT4	✔	Desktop/Mobile(iOS&Android)

FOREXTER Fees

The spread is 1.6 pips (URUSD on forex). While the lower the spread, the faster the liquidity.

Deposit and Withdrawal

The broker provides multiple payment methods, including Visa, MasterCard, Maestro, Skrill, and CHINAPAY. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.

Customer Support Options

FOREXTER provides 24-hour customer support; traders can communicate via email instead of by phone. However, this will reduce the efficiency of consultation.

Contact Options	Details
Email	support@forexter.com
Supported Language	Chinese/English
Website Language	Chinese/English

Company Profile

5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Wiki Q&A

Is FOREXTER safe and reliable?

Based on WikiFX's objective assessment, FOREXTER cannot be considered a safe or reliable broker for retail forex trading. According to WikiFX data, the entity operates without any valid regulatory oversight from recognized financial authorities. Its WikiFX SkyEye risk assessment score is 1.53, which reflects a significantly elevated risk profile. User feedback commonly highlights difficulties with fund withdrawals. Engaging with an unregulated entity like FOREXTER involves considerable risk due to the absence of standard investor protections and safeguards.

Is FOREXTER regulated?

No, FOREXTER is not regulated. According to WikiFX data, the broker does not hold any valid forex trading licenses from major regulatory bodies such as the FCA, ASIC, or CySEC. It operates as an unregulated entity, which means it falls outside the standard frameworks designed to protect client funds and ensure fair trading practices.

What is the minimum deposit of FOREXTER?

The minimum deposit requirement for FOREXTER is not publicly disclosed. This lack of transparent pricing is common among entities with poor operational transparency. Prospective clients should be cautious, as undisclosed financial requirements can be indicative of unclear or unfavorable terms.

Does FOREXTER support MT4 or MT5?

Information regarding supported trading platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), is not publicly available for FOREXTER. The absence of this standard information further contributes to the broker's overall lack of operational transparency.