Overview
Exfor Limited Is A Malaysia-based Trading Company Regulated By The Labuan Financial Services Authority Under License Number: Mb/22/0099. They Offer Professional Accounts With A Minimum Deposit Requirement Of $100, Leverage Up To 1:100 And Competitive Spreads Starting From 0.2 Pips. Traders Can Access The Metatrader 4 (MT4) And Metatrader 5 (MT5) Platforms, As Well As IOS And Android Mobile Versions. The Company Offers A Wide Range Of Tradable Assets Including Forex, Metals, Commodities, Index CFDs And Stock CFDs. They Offer Two Account Types: A Professional Account For Real-time Trading And A Demo Account With A 30-day Probation Period. Customer Support Is Available Through Multiple Channels, Including Telephone, Email, Telegram, Whatsapp And Skype. Exfor Limited Offers Deposit And Withdrawal Convenience Through Bank Transfers, Bank Cards And Psp Latin America, Although No Specific Educational Resources Are Mentioned In The Information Provided.
Regulations
Exfor Limited Is Currently Regulated By The Labuan Financial Services Authority, Malaysia. The License Type Is Straight-through Processing (STP) And The License Number Is Mb/22/0099. As A Licensed Institution, Exfor Limited Operates In A "regulated" Status And Is Regulated By The Malaysian Authorities. The Specific Effective Date And Expiration Date Of Their License Is Not Provided In The Information. The Regulatory Status Of Exfor Limited Indicates That They Are Authorized To Engage In Financial Activities In Labuan, Malaysia Under The Above License Types And Comply With The Regulatory Guidelines And Standards Set By The Labuan Financial Services Authority.
Advantages And Disadvantages
Exfor Limited Offers A Range Of Advantages And Considerations For Traders' Trading Experience. Advantages Include The Use Of Various Market Instruments, Competitive Spreads, Multiple Choices Of Trading Platforms And Convenient Customer Support Options. The Availability Of Professional And Demo Accounts Caters To The Needs Of Traders Of Different Skill Levels. However, It Is Worth Noting That There Is A Lack Of Dedicated Educational Resources And That There May Be Differences In The Processing Times Of Deposits And Withdrawals. Here Is A Detailed Table Outlining These Advantages And Disadvantages:
In Summary, Exfor Limited Offers Traders A Variety Of Advantages, Including A Wide Range Of Market Tools, Competitive Spreads, And Access To Popular Trading Platforms. However, Traders Should Be Aware Of The Potential Differences In The Processing Times Of Deposits And Withdrawals And The Lack Of Dedicated Educational Resources.
Market Tools
Exfor Limited Offers A Variety Of Market Tools For Trading. These Tools Include Forex, Metals, Commodities, Index CFDs, And CFDs On Stocks. Each Of These Market Instruments Offers Traders A Unique Opportunity To Participate In Financial Marekt And Possibly Profit From Price Movements.
- Forex: Forex Is Short For Foreign Exchange And Involves Trading Currencies In Different Countries. Traders Can Speculate On Exchange Rate Fluctuations Between Currency Pairs, For Example EUR/USD Or GBP/JPY. Forex Trading Is Known For Its High Liquidity And 24-hour Availability, Making It A Popular Choice For Traders Worldwide.
- Metals: This Category Typically Includes Precious Metals Such As Gold And Silver, Which Are Often Considered Safe-haven Assets. Traders Can Buy And Sell These Metals And Profit From Changes In Market Prices. Precious Metals Are Often Used As A Hedge Against Inflation And Economic Uncertainty.
- Commodities: Trading In Commodities Involves A Variety Of Physical Commodities Such As Oil, Gas, Agricultural Commodities (e.g. Wheat, Corn), Etc. Traders Can Speculate On Price Movements Of These Commodities, Which Can Be Influenced By Factors Such As Supply And Demand, Weather Conditions, And Geopolitical Events.
- Index CFDs: Index CFDs Allow Traders To Speculate On The Performance Of Stock Market Indices (e.g. Standard & Poor 500 Or FTSE 100) Without Owning The Underlying Asset. These Contracts Reflect The Price Movements Of The Index, Allowing Them To Profit From Rising And Falling Markets.
- Stock CFDs: Stock CFDs Enable Traders To Speculate On Price Movements Of Individual Company Shares Without Owning The Actual Shares. This Gives Traders The Flexibility To Make Sell Shorts And Profit From Falling Share Prices.
Account Types
Exfor Limited Offers Two Different Account Types To Meet The Different Needs Of Traders: "Professional Account" And "Demo Account".
Professional Account Is Tailored For Experienced Traders Seeking A Professional Trading Environment. It Has A Monthly Fee Of $25 And The First Month Is Free. Traders Can Choose Between USD And EUR As The Base Currencies. The Account Offers Access To A Wide Range Of Markets, Including Forex, Commodities, Energy And Indices, Enabling Traders To Diversify Their Portfolios. It Is Worth Noting That There Is No Commission Per Lot, Making It Cost Effective For Frequent Trading. With A Minimum Deposit Requirement Of $100 And Leverage Of Up To 1:100, The Professional Account Is Suitable For Traders With Different Capital Sizes And Risk Appetite. In Addition, The Professional Account Features Highly Competitive Spreads, Starting At Just 0.2 Pips, Which Is Attractive For Those Seeking Strict Pricing. It Is Also Worth Noting That The Account Is Overnight Interest Free And Allows For Multiple Trading Strategies, Including The Use Of Expert Advisors (EAs). Traders Can Expect Ultra-fast Execution And Access To Powerful Tools And Analysis To Enhance Their Trading Experience.
Demo Accounts, On The Other Hand, Are Ideal For Traders Who Are New To The Platform Or Who Want To Practice Their Trading Skills Without Risking Real Capital. It Offers A Free 30-day Probation Period To Familiarize Users With The Trading Platform And Test Strategies In A Risk-free Simulation Environment. Demo Accounts Are Typically Funded By Virtual Funds And Do Not Involve Real Currency Deposits. It Offers Access To Markets And Trading Conditions Similar To Professional Accounts, Mimicking Real Market Conditions, Spreads And Trade Sizes. While There Are No Actual Commissions Or Swap-free Features In The Demo Account, It Allows Traders To Explore Various Trading Strategies And Even Practice Using An EA. This Account Type Is A Valuable Educational Tool That Enables Traders To Build Confidence And Competence Before Transitioning To Real-time Trading With A Professional Account.
In Summary, Exfor Limited's Professional Accounts Are Designed For Experienced Traders Seeking Real-time Trading Opportunities, While Demo Accounts Provide A Risk-free Pathway To Practice And Skill Development In A Demo Trading Environment. These Account Types Cater To Traders At Different Stages Of Their Trading Journey, Providing Flexibility And Choice To Meet Individual Preferences And Goals.
Leverage
Exfor Limited Offers Maximum Trading Leverage Of Up To 1:100. This Means That For Every $1 In A Trader's Account, They Can Control A Position Worth Up To $100 In The Market. Leverage Can Amplify Potential Profits And Potential Losses, So Traders Should Exercise Caution And Have A Clear Understanding Of How Leverage Works Before Using It In Their Trading Activities. The 1:100 Leverage Exfor Limited Offered Is A Common Product In The Industry And Is Attractive To Traders Looking To Expand Their Trading Positions While Managing Risk. However, Traders Must Use Leverage Responsibly And Develop Risk Management Strategies To Protect Their Capital.
Spreads And Commissions
Spreads: Spreads Represent The Difference Between The Buy (ask) And Sell (buy) Prices Of Financial Instruments. Exfor Limited Offers Competitive Spreads, With Prices Starting As Low As 0.2 Pips On Its Professional Accounts. Narrow Spreads Minimize Trading Costs And Are Especially Attractive To Cost-conscious Traders.
Commission: Commission Is A Fee Charged Directly By The Broker To Facilitate Trading. Exfor Limited's Professional Accounts Do Not Charge Per Lot Commissions, Which Is Attractive To Traders Who Want To Avoid Direct Commission Fees. This Is Advantageous For Those Who Trade With Frequent Or Larger Volume. Traders Should Consider Spreads And Commissions When Evaluating Overall Trading Costs.
Deposit And Withdrawal
Deposit Options:
- Bank Transfer: The Minimum Deposit Requirement For This Method Is $10, Providing A Safe Way To Fund Your Trading Account. But Be Sure To Note That Bank Transfers Can Take Up To 2 Days To Process. Traders Who Prioritize Security And Are Not In A Hurry To Start Trading May Find This Option Appropriate.
- Bank Card: The Bank Card Option Is Very Attractive For Those Looking For Faster Access To Trading Funds. The Minimum Deposit Amount Is Also $10, And Funds Are Typically Deposited Into Your Trading Account Within 30 Minutes. This Fast Processing Time Makes It An Attractive Option For Traders Who Value The Efficiency Of The Deposit Process.
- PSP Latin America: Designed To Meet The Needs Of Traders In The Latin American Region, PSP Latin America Offers Fast Deposit Processing That Reflects The Efficiency Of A Bank Card. It Requires A Minimum Deposit Of $10 And Ensures Funds Are Available Within 30 Minutes. This Option Is Particularly Convenient For Latin American Traders Who Prefer The Fast Funds Transfer Feature.
Withdrawal Options:
- Bank Transfer: Just Like Deposits, Bank Transfer Is A Safe Way To Withdraw Money, But It May Take Up To 2 Days To Reach Your Designated Account. The Minimum Withdrawal Amount Is $10. This Option Is Best Suited For Traders Who Prioritize The Safety Over Speed Of Fund Withdrawals.
- Bank Card: For Traders Who Value Quick Access To Funds, The Bank Card Withdrawal Option Is Attractive. The Minimum Withdrawal Requirement Is $3, And Funds Are Typically Processed Within 30 Minutes. Convenience And Speed Make It The First Choice For Traders Who Prefer Efficient Withdrawal Processing.
- PSP Latin America: PSP Latin America Also Extends Its Fast Processing To Withdrawals, Which Are Available Within 30 Minutes. The Minimum Withdrawal Amount Is $2. This Option Is Especially Convenient For Latin American Traders Who Prefer Quick Withdrawal Of Funds.
In Summary, Exfor Limited's Deposit And Withdrawal Options Cater To A Wide Range Of Trader Preferences, Providing Flexibility In Terms Of Security, Processing Speed, And Regional Convenience. Traders Can Choose A Method That Meets Their Specific Needs And Priorities When Managing Their Trading Accounts And Trading.
Trading Platform
Exfor Limited Offers Its Clients Cutting-edge Forex And CFD Trading Platforms, Including Metatrader 4 (mt4) And Metatrader 5 (mt5), As Well As Mobile Versions For Ios And Android Devices. MT4 Is A Well-established Platform Known For Its Reliability And User-friendly Interface That Allows Traders To Perform Advanced Trading Operations In A Secure Environment. At The Same Time, MT5 Is A Comprehensive Multi-asset Trading Platform Favored By Traders And Investors Worldwide, Offering Advanced Charting Tools, Automated Trading Features, And The Use Of A Wide Range Of Financial Instruments. Both Platforms Are Equipped With Features Such As Integrated Market News, Fast Execution, Account Security, And Compatibility Across Windows, Mac, IOS, And Android Devices, Providing Traders With A Versatile And Powerful Trading Experience.
Customer Support
Exfor Limited Offers A Range Of Convenient Customer Support Contact Options That Emphasize Accessibility And Responsiveness. Traders Can Contact The Company Exfor.com By Phone At + 6087416989 Or Via Email At Info @, Providing Traditional Channels Of Communication For Enquiries And Assistance. In Addition, The Availability Of Popular Messaging Platforms Such As Telegram, Whatsapp And Skype Demonstrates A Commitment To Meeting The Needs Of Customers, Ensuring Timely, Easy Communication With The Support Team. This Multi-channel Approach Enhances Accessibility And Responsiveness To Exfor Limited's Customer Support, Catering To The Diverse Needs Of Traders Seeking Help Or Information.
Educational Resources
Exfor Limited Unfortunately Does Not Appear To Offer Educational Resources Based On The Information Provided. While The Company Offers Trading Services And Support, There Does Not Appear To Be A Dedicated Education Department Or Resources To Help Traders Improve Their Knowledge And Skills. Traders Seeking Educational Materials And Resources May Want To Consider External Sources Or Other Platforms To Supplement Their Trading Education.
Summary
Exfor Limited Is A Regulated Trading Institution Regulated By The Labuan Financial Services Authority Malaysia, Offering A Range Of Market Instruments Such As Forex, Metals, Commodities, Index CFDs And Stock CFDs. Traders Can Choose From Two Account Types: A Professional Account, Designed For Experienced Traders With Competitive Spreads, No Commission Per Lot And Advanced Features; And A Demo Account, Offering A 30-day Risk-free Practice Probation Period. The Broker Offers Maximum Trading Leverage Of Up To 1:100. Deposits And Withdrawals Can Be Made In A Number Of Ways And With Different Processing Times To Suit Traders' Preferences. Exfor Limited Offers The Popular Metatrader 4 And Metatrader 5 Trading Platforms And Offers Mobile Versions For Ios And Android. Customer Support Is Available Via Phone, Email, Telegram, Whatsapp And Skype. Regrettably, The Features Of The Educational Resources Are Not Outstanding.
