XForex is an online retail forex broker headquartered in The Republic of Cyprus. They were established in 2003, and have maintained steady growth since that time. XForex recently expanded into North American markets with the opening of offices in Toronto, Ontario, Canada. XForex.com has developed a robust and unique online forex trading platform that provides foreign currency speculators with the tools they need to reap the benefits of currency market volatility.
The XForex trading platform was developed with the expert assistance and insight of experienced forex traders. Unlike other forex trading platforms, there is no software to download and install. The XForex platform is entirely web-based, which provides the individual trader with unparalleled flexibility as it can be accessed from any computer. The XForex trading platform is ideal for currency traders of all experience levels.
The XForex online forex trading platform offers all of the features one might expect from a professional trading platform, including market, limit, trailing stops and stop orders. Their trading spreads are typical; ranging from 3 to 30 pips. They do not, however, allow traders to hedge trades by having both buy and sell trades in the same currency pair open at the same time. It is also worth noting that XForex is a dealing desk retail broker, which means they take the other side of all individual trades.
XForex.com offers commission-free trading, 24/7 online customer support, and leverage of 200:1. In addition to low minimum deposits and several deposit methods, XForex offers a number of unique features to their clients. All new trading accounts are assigned a personal trading expert that is dedicated to helping the client understand the intricacies of the foreign currency exchange markets. To better serve their clients, XForex account advisors speak a number of languages, including French, German, Swedish, Spanish, Italian, Russian, Arabic, and Turkish.
XForex is regulated by European Union financial regulations, and they are capitalized by Deutsche Bank, Saxo Bank, and the Canadian Imperial Bank of Commerce. While there have been a number of negative reviews of XForex on other websites, it should be noted that XForex has made a concerted effort to improve their client service offerings. At the time of this writing, XForex was offering all new clients a bonus of up to $2000 or 20% of their initial deposit.
Here’s what some of our reader’s have to say about XForex.com:
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