Basic Information
Registered Region 
Ukraine
UkraineOperating Period
5-10 years
Company Name
EFOR
Customer Service Email Address
info@eforfx.com
Contact Number
+8507112734
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
EFOR
Ukraine
|
5-10 years
|
ECN Account
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.eforfx15.com/
Website
Rating Index
Contact
+850 7112734
info@eforfx.com
https://www.eforfx15.com/
https://www.facebook.com/efor.fx.31
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Account
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment
Account
- Environment--
- Currency--
- Maximum Leverage--
- SupportedEA
- Minimum Deposit--
- Minimum Spread--
- Depositing Method--
- Withdrawal Method--
- Minimum Position--
- Commission--
- Products--
Updated：
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Website
eforfx15.com
132.148.153.114- 132.148.153.114
Genealogy
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Relevant Enterprises
EFOR(France)
Active
France
Registration No. 499106409
Established
Related sources Website Announcement
Employees
Company Summary
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 and Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Popular trading platform MT4 | Lack of transparency |
| Demo accounts offered | Low leverage 1:200 |
Is EFOR Legit?
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.
What Can I Trade on EFOR?
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 | ❌ |
Account Type
EFOR offers four account types: Islamic account, Standard account, True ECN account and Multi Account Manager.
Leverage
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.
Spreads
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
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile | Beginners |
Deposit and Withdrawal
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.
Customer Service
| 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 | / |
The Bottom Line
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.
FAQs
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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