xforexXforex has ceased its trading services. Broker's website redirects to xTrade broker.

Xforex is a dealing desk broker, meaning that the broker takes the other side of all of your trades. Xforex is regulated by EU regulations and capitalized by Saxo Bank, Deutsche Bank, and Canadian Imperial Bank of Commerce. Overall, the broker is limited to forex and gold/silver markets, so if you search for different investment opportunities, you are knocking at the wrong door.

Trading Platform

XForex developed a unique platform for forex trading. The platform is web-based and relatively user-friendly. All the necessary features for successful trading are included, however the overall performance of the platform is pretty basic, especially the charting capabilities, lacking special features and advanced analysis tools. On the other hand, XForex reviews its platform as simple and accessible to everyone interested in trading.

You also have a choice of trading with MetaTrader 4 platform, one of the most trusted and wanted platforms in forex industry.

Trading Conditions

Registration with the broker is painless and takes about 3-5 minutes to start trading.

Xforex offers up to 1:400 in leverage. There are 21 different currency pairs to choose from and 2 metals. The fixed spreads of the broker on major currencies are listed below ranging from 3 to 30 pips:

Symbol

Spread

EUR/USD

3-5

USD/JPY

3-5

GBP/USD

4-5

USD/CAD

4-5

NZD/USD

5-6

AUD/USD

5-6

USD/CHF

4-5

XAU/USD

70-100

XAG/USD

600-700

EUR/GBP

3-5

EUR/CAD

7-10

Symbol

Spread

EUR/TRY

35

EUR/CHF

4-5

EUR/AUD

6-8

EUR/JPY

3-5

EUR/NZD

10-12

GBP/AUD

12-15

GBP/CAD

15

GBP/CHF

6-8

GBP/JPY

7-10

GBP/NZD

20-25

CAD/JPY

6

 

Hedging and scalping are not allowed. Xforex is a dealing desk broker, meaning that the broker takes the other side of all of your trades.

Account Types

Demo account is available for newbies and strategy testers. Islamic account can be opened by a trader with Islamic beliefs.

Offering / Account Type

Standard Account

Premium Account

Account Set UP

Minimum Deposit

From $100

From $1,000

Commission Free Deposits

yes

yes

Fixed Spread

4-6 (majors)

2-5 (majors)

Leverage

Up to 400:1

Up to 400:1

News & Education

Personalized Training

Online

Personal (limited)

Trading Tools

yes

yes

Daily Analysis Reports

yes

yes

Weekly Analysis Reports

yes

yes

Monthly Analysis Reports

yes

yes

Market Commentary Live Updates

yes

yes

Economic Event Calendar

yes

yes

Service, Support & Security

On-Line Chat Access

yes

yes

Monthly Promotions

yes

yes

Refer A Friend Bonuses

Up to $100

Up to $1,000

Personal Data Security

yes

yes

No-Hassle Transfers and Withdrawals

yes

yes

 

Payment Method

The minimum deposit method is $100. The available payment methods include credit cards and wire transfer.

Bonuses and Promotions

There is currently 20% welcome bonus up to $2,000  up on your first deposit.

Customer Support

There is wide choice of contact information, including email and various phone numbers. The sales representatives provide useful and professional assistance for both technical and trading requests. 

 

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