XForex Reviews and User Ratings
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XForex General Information
XForex is a retail broker that opened in Cyprus in 2003. The broker is regulated by EU regulations and capitalized by Saxo Bank, Deutsche Bank, and Canadian Imperial Bank of Commerce. The website doesn’t offer insight on the company, but new client can contact them via chat, email, or phone if they want background information. The company appears to be a good one with decent service and a solid platform. Registration is quick and easy, and the broker offers bonuses for new accounts. They offer trading 21 different currency pairs and 2 metals on their web-based platform. They also offer competitive fixed spreads with no deposit, withdrawal or trading fees.
Features of XForex
XForex uses a web-based proprietary trading platform that is user-friendly. It includes basic necessities like market, limit, stop orders and trailing stops as well as some unusual features like the “Top traders” link where you can see the top 10 traders’ current trades. A personal trading expert is available to give new traders information about trading in the forex market. XForex provides some of the best educational offerings in the industry, including trading webinars, coaching sessions, educational videos and daily market commentaries. All of these services are proprietary.
All in all, XForex is a basic and straightforward forex trader with no frills. It’s a solid choice for Forex traders regardless of their level of experience.back to menu ↑
Features and Trading Instruments
Pros and Cons
- XForex’s personal trading experts are a nice touch that shows their dedication to customer service. They’re quick about phone calls and service representatives are very knowledgeable.
- The company has a live chat function that lets traders contact them 24 hours a day.
- XForex offers fixed spreads, multiple currency pairs for trading, and easy deposit methods.
- Getting started is easy and their unique support options definitely make them top-notch when it comes to service.
- The one big detractor from XForex is they do not accept United State client.
- Minimum Account Size: $100
- Spread: High/ Fixed
- Trading Instruments: Forex, Gold & Silver, CFDs, Indices, Metals, Commodities
- Trading Platforms: MT4, XFX, Web Trader, Iphone & Ipad App, Android App