FOREXTER

FOREXTER is a forex and CFD broker that was registered in China on 3 September 2020. According to our records, the broker claims to provide access to a range of markets including forex, commodities, indices, and shares.

However, the broker's official website (forexter.com) appears to be inaccessible or non-functional, and independent public information about the company is extremely limited. This lack of a verifiable online presence raises significant concerns about the broker's legitimacy and operational status.

A critical finding of our review is that FOREXTER operates with no known regulatory licences from any financial authority. The broker is registered in China, but registration alone does not equate to regulatory oversight by a recognised body such as the FCA, CySEC, or ASIC.

The absence of regulation means that traders have no recourse to any investor compensation scheme or ombudsman in the event of a dispute. This places FOREXTER in the high-risk category, as there are no safeguards to protect client funds or ensure fair trading practices.

Based on the company description, FOREXTER offers trading in forex, commodities, indices, and shares. This suggests a multi-asset offering that could appeal to traders seeking diversification.

However, without access to the official website, we cannot verify the specific instruments, leverage limits, or trading conditions. The lack of publicly available details makes it impossible for traders to assess the suitability of the broker's product range.

Our known facts indicate that FOREXTER cooperates with authorised MetaTrader 4 (MT4), a widely used trading platform in the retail forex industry. This suggests the broker may offer standard account types, such as demo and live accounts, and possibly different tiers with variable spreads and commissions.

Again, these claims cannot be confirmed due to the inaccessible website. Traders should be wary of any broker that does not provide clear and transparent information about its account offerings and platform features.

The broker states that it offers 24-hour customer support, which is a standard feature among many forex brokers. However, the practical availability and quality of this support remain unverified.

Given the overall lack of accessible information, prospective clients should exercise extreme caution when considering FOREXTER. The inability to contact the broker or visit its website is a major red flag.