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Score

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

FOREXTER

China|2-5 years|
High potential risk|

https://www.forexter.com/

Website

Rating Index

Contact

support@forexter.com
https://www.forexter.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

FOREXTER

Abbreviation

FOREXTER

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-10-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

FOREXTER · WikiFX Survey

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FOREXTER · Company Summary

Note: FOREXTER's official website is currently inaccessible normally.

FOREXTER Information

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.

FOREXTER Information

Pros and Cons

Pros Cons
Diversity of trading productsUnavailable website
Lack of transparency
Regulatory problems
Poor customer service

Is FOREXTER Legit?

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.

Is FOREXTER Legit?
Is FOREXTER Legit?

What Can I Trade on FOREXTER?

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
What Can I Trade on FOREXTER?

Deposit and Withdrawal

The payment methods supported by FOREXTER include VISA, Skrill, and CHINAPAY and so on.

Deposit Options
VISA
Skrill
CHINPAY
Deposit and Withdrawal

Customer Service

Customer service can be reached at support@forexter.com.

Contact Options Details
Emailsupport@forexter.com

The Bottom Line

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.

FAQs

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.

Review 7

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