FOREXer

FOREXer's reliability is a significant concern for prospective traders. According to WikiFX assessment, the broker holds a low overall score of 2.35, which stems from its fundamental lack of credible regulatory oversight for its core retail forex operations. Its primary LFSA license is a 'Forex Transmission License' from Malaysia, a niche authorization not designed for mainstream retail client protection, and its New Zealand FSPR license has been revoked. Operating without oversight from any major global financial authority creates a profile that lacks the safeguards typically required for client fund security and fair trading practices, indicating a highly suspicious entity.

FOREXer is not overseen by any mainstream financial regulator responsible for retail forex trading client protection. The broker holds a single active license with the Labuan Financial Services Authority (LFSA) in Malaysia under license number LL17111, categorized as a 'Forex Transmission License (RTO).' This specific license type does not constitute comprehensive retail forex regulation. Its previous registration with New Zealand's Financial Service Providers Register (FSPR 298426) is listed as revoked. Consequently, the entity operates without verified, robust regulatory supervision for its trading services.

FOREXer Limited, the legal entity behind the brand, is registered in the United States. The company has been operating for 5-10 years and conducts business on a global scale, catering to an international clientele from this U.S. registration base.

FOREXer provides high leverage options to its clients, with its STANDARD and PRO account types both offering maximum leverage of up to 1:500. Access to these high-leverage levels is gated by substantial minimum deposit requirements of $10,000 and $50,000, respectively, for each account.