https://www.eforfx15.com/
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
eforfx15.com
Server Location
United States
Website Domain Name
eforfx15.com
Server IP
132.148.153.114
eforfx13.com
Server Location
United States
Website Domain Name
eforfx13.com
Server IP
132.148.153.114
Note: EFOR's official website: https://www.eforfx15.com/ is currently inaccessible normally.
EFORReview Summary | ||
Founded | 2021 | |
Registered Country/Region | Ukraine | |
Regulation | Not regulated | |
Market Instruments | Forex, Crypto, Metals, and CFD | |
Demo Account | ✅ | |
Leverage | Up to 1:200 | |
Spread | 1.2 pips | |
Trading Platform | MT4 | |
Customer Support | Phone | 0(850)7112734 |
+850 7112734 | ||
info@eforfx.com |
EFOR is an offshore broker offering Forex, Crypto, Metals, and CFDs. Besides, it offers four account types: Multi Account Manager (MAM), True ECN Account, Standard Account and Islamic Account. Moreover, it also offers demo accounts. However, it is not regulated by the National Securities and Stock Market Commission.
Pros | Cons |
Various trading assets | Not regulated |
Popular trading platform MT4 | Lack of transparency |
Demo accounts offered | Low leverage 1:200 |
EFOR claims it was regulated by the Australian Securities and Investments Commission (ASIC). However, we can't find any information on it, even the local financial authority, the National Securities and Stock Market Commission.
EFOR offers over 50 currency pairs and various CFDs on precious metals, indices, cryptocurrencies and some 150 shares.
Tradable Instruments | Supported |
Forex | ✔ |
Cryptos | ✔ |
Metals | ✔ |
CFDs | ✔ |
Options | ❌ |
ETFs | ❌ |
EFOR offers four account types: Islamic account, Standard account, True ECN account and Multi Account Manager.
EFOR's leverage is up to 1:200. However, it is not competitive in the market. And traders should alert the trap that leverage always comes with high profits, but also high losses.
Different accounts have different spreads. The Standard account starts with 1.2 pips and the True ECN account starts with 0.0 pips. Besides, the Islamic account's spread is raw.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Mobile | Beginners |
EFOR can deposit through Neteller, PayPal, Skrill, Western Union, PayU, Bitcoin, VISA, MasterCard and American Express. However, the minimum deposit and fees are not mentioned.
Contact Options | Details |
Phone | +850 7112734 |
0(850)7112734 | |
info@eforfx.com | |
Support Ticket System | ❌ |
Online Chat | ❌ |
Social Media | Twitter, Facebook |
Supported Language | English |
Website Language | English, Ukrainian, Russian, and Arabic. |
Physical Address | / |
In conclusion, EFOR is not a good choice for trading. Though it offers various trading assets and account types, it is not regulated by any financial authorities. Besides, traders can find more brokers with competitive leverage higher than 1:200. The most important thing is it shows no fees on its website.
Is EFOR safe?
No, EFOR is not regulated.
What kind of trading platform does EFOR offer?
EFOR offers the most popular trading platform - MT4.
Is EFOR good for day trading?
No. There is no information about fees.
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