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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

exfor

Malaysia Malaysia | 2-5 years |
Questionable Regulatory License | MT4 Full License | Regional Brokers | High Potential Risk

https://www.exfor.com/

Website

Rating Index

MT4/5 Verification

MT4/5

Full License

Exfor-Demo

United Kingdom
United Kingdom
MT4
5

Influence

D

Influence Index NO.1

Vietnam Vietnam 2.48
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

MT4/5 Verification

MT4/5 Verification

Full License

5
Server Name
Exfor-DemoMT4
Server LocationUnited KingdomUnited Kingdom

Influence

Influence

D

Influence Index NO.1

Vietnam Vietnam 2.48
Surpassed 21.90% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+60 87 416 989
https://www.exfor.com/
Tiara Labuan, Jalan Tanjung Batu, 87000, F.T. Labuan, Malaysia
Forex License
Other 1

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Malaysia
Operating Period
2-5 years
Company Name
Exfor Limited
Email
info@exfor.com
Contact Number
+6087416989
Company Website
Account Info
Related Personnel
Business Region
Verified Site
Relationship Map
Related Companies
About Us
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT4
Full License MT5
Full License MT5
2
MT4 Servers
2
MT5 Servers
170.00
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Verified Site

  • exfor.com
    99.83.190.102
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Relationship Map

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Related Companies

SMARTCITIESIQ LTD(United Kingdom)
United Kingdom
SMARTCITIESIQ LTD(United Kingdom)
Active
United Kingdom
Registration No. 08546183
Est. Date
Source Official Statement

Company Profile

Company Profile

Review 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
MT4Windows, Mobile, WebBeginners
MT5Windows, 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

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High Potential Risk

News

Exfor Exposure: Investigating Alleged Withdrawal Denials, Illegitimate Account Closure & More

Exposure Exfor Exposure: Investigating Alleged Withdrawal Denials, Illegitimate Account Closure & More

Exfor, a Malaysia-based forex broker, has allegedly been the centre of attention for all the wrong reasons. These include long-pending withdrawal denials, no communication or assistance from the broker’s customer support team, manipulated pricing upon a withdrawal request by the trader, and account blowups due to bonus-related issues. It’s the traders who allegedly bear the brunt of all these suspicious trading activities. A lot of them have criticized it on broker review platforms. We have highlighted some of their complaints in this Exfor review article. Take a look!

Exfor Forex Scam Cases: Withdrawal Issues Exposed

Exposure Exfor Forex Scam Cases: Withdrawal Issues Exposed

Exfor clients face blocked withdrawals and no support response. Scam cases exposed—protect your funds and avoid this unregulated forex broker.

WikiFX Broker Assessment Series | Exfor: Is It Trustworthy?

News WikiFX 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.

Wiki Q&A

Is exfor a reliable or highly suspicious trading platform?

Exfor Limited presents a high-risk profile with a low WikiFX Score of 2.18, primarily due to its lack of mainstream, investor-focused regulation from any top-tier financial authority, a significant deficit for a trader's primary protection.

04-02
United States

Is exfor regulated?

Exfor Limited is not regulated by any major global financial authorities for forex brokerage. The entity holds a Labuan Financial Services Authority (LFSA) Forex Transmission License (RTO) under its parent company, SMARTCITIESIQ LTD, which does not equate to standard brokerage oversight for client fund security.

04-02
United States

Where is exfor registered?

Exfor Limited is a financial services entity registered in Malaysia and has been operating for 2 to 5 years.

04-02
United States

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

Three days ago

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Three days ago

Apa saja regulator forex yang paling umum dikenal?

Regulator forex yang umum dikenal antara lain Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), Cyprus Securities and Exchange Commission (CySEC), dan Monetary Authority of Singapore (MAS). Regulator-regulator tersebut biasanya memiliki standar pengawasan yang tinggi.

Three days ago
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
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