Review
An unbaised review of XForex
Here you can get to know what professional forex traders think about XForex.
6,46 / 10 stars.
Before starting with forex trading at XForex
Below you will find some important points that OnlineForex.net suggets you consider before you start trading forex with XForex.
Payment methods: A wide range of payment alternatives are available; Western Union, Visa card, Mastercard, American Express and Diners Club. With a credit card you can get started within 5 minutes.
Downloading of software? No, you don’t need to download any software. You can log-in to the online trading platform by xForex. This allows you to trade easily from multiple computers.
Sign-up bonus: yes, XForex is offering sign-up bonuses of $50.
Trade currencies by XForex?
Exectution of currency pairs: XForex have a relatively slow execution of currencies at the moment, but they are working on a new platform.
Forex Spread (buy and sell prices): From 3-15 pip. When trading with this kind of spead, it may take a while before you are in the money.
Support: XForex offers 24-hour support. You can chat with them online or by phone. Also offering education to its forex customers.
Resources (tools, charts): Working on a better platform at the moment.
At XForex, you have access to
Currency pairs: In total, you can trade with 27 currency pairs from XForex.
For Dollar traders there are: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, NZD/USD, USD/ILS.
For Euro traders there are: EUR/SEK, EUR/USD, EUR/BGP, EUR/JPY, EUR/CAD, EUR/AUD, EUR/NZD, EUR/CHF.
Against Sterling you can trade: GBP/USD, GBP/JPY, GBP/AUD, GBP/NZD, GBP/CHF, GBP/CAD.
For Yen and other currency pairs, you can trade for instance: CAD/JPY, NZD/JPY, AUD/CAD, AUD/JPY och AUD/NZD.
You are also able to trade commodities: gold and silver.
Leverage: 200:1 leverage. If you deposit $1500, you can trade for up to $600 000. For accounts smaller then $1500, you can only use 100:1 leverage.
Forex Market Analysis:: Free forex market analysis is provided by XForex.
Other instruments: Commodities such as silver and gold can be traded from XForex.
About XForex
Financial security: No information at this point.
Financial regulation:: XForex is regulated by the financial authorities in Cyprus.
Software and graphics at XForex
Many traders prefer the xForex trading platform. But it is still under development, so please come back in a few months.
Other names for XForex
XForex is registered in both Cyprus and Canada. In Canada, the company is called xForex Inc.
>> Go to the xForex web site
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