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FOREXTER
China|2-5 years| https://www.forexter.com/
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No valid regulatory information, please be aware of the risk!
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40G
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FOREXTER
FOREXTER
China
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- 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!
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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.
Pros and Cons
| Pros | Cons |
| Diversity of trading products | Unavailable 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.
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 | ❌ |
Deposit and Withdrawal
The payment methods supported by FOREXTER include VISA, Skrill, and CHINAPAY and so on.
| Deposit Options |
| VISA |
| Skrill |
| CHINPAY |
Customer Service
Customer service can be reached at support@forexter.com.
| Contact Options | Details |
| support@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.
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