General Information & Regulation
FOREXer, a trading name of Global Eternity Limited, is allegedly a suspicious regulated forex broker registered in the United States that claims to provide its clients with some tradable assets with leverage up to 1:20 and raw spreads from 0 pips on the forex trading software 5 (MetaTrader5) trading platform.
Market Instruments
FOREXer advertises that it mainly offers forex, precious metals (gold, silver, etc.), energy (oil and natural gas), cryptocurrencies of Bitcoin, Ethereum, etc.
Account Types
FOREXer seems to offer a standard real account with a minimum initial deposit requirement of $1,000, which is much higher than most regulated brokers.
Leverage
A leverage ratio of up to 1:20 on digital currency trading is offered by FOREXer, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
FOREXer claims that the spread starts from 0 pips and all charging no commissions.
Trading Platform Available
The platform available for trading at FOREXer is forex trading software 5 (MetaTrader5), available on the Web, Windows, iOS and Android devices. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
FOREXer says to accept deposits and withdrawals through the peer-to-peer system at the rate selected by the customer without the involvement of Forex.
Bonuses & Fees
FOREXer claims to offer a $1000 forex bonus. However, it is only for trading and cannot be withdrawn, only the profit from the forex bonus amount or award can be withdrawn.
Customer Support
FOREXers customer support can be reached by telephone: +971 569824891, WhatsApp: +97142965553 and email: support@forex-er.com. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and Telegram.
