XForex-Forex Broker Review
XForex is an interesting regulated Forex broker (it is regulated by ASIC and CySEC) that allow to trade with 21 currency pairs (Forex) and precious metals like gold and silver in the spot market. It offers a modern trading platform for the client and a good customer service.
Type of Broker
XForex is a Market Maker broker.
In this moment this broker is regulated by the following financial regulation authorities:
- ASIC (Australian Securities and Investments Commission, License number ACN 140 899 476) of Australia.
- CySEC (Cyprus Securities and Exchange Commission
) of Cyprus.
- Also, XForex is registered with with the following European regulatory agencies:
- FCA of United Kingdom.
- CNMV of Spain.
- CONSOB of Italy.
- Banque de France of France.
- Finansinspektionen of Sweden.
Country of origin
The headquarters of XForex are located in Cyprus but it has satellite offices in other countries like Canada, Spain, Germany, Argentina, France and United Kingdom among other
The clients of this broker have the possibility to trade in the market with the following instruments:
- Forex Market: 28 different pairs in the spot market, including the most important like the EUR/USD, GBP/USD and USD/JPY and other more exotic like the USD/ZAR and USD/TRY.
- Commodities: Gold and silver in the spot market, two of the most important and trader commodities in the financial markets.
XForex offers 3 types of trading accounts for traders with different profiles. The main features of these accounts are the following:
- Mini account: This type of trading account is designed for beginners traders so it requires a minimum deposit of just $100.
- Standard account: It is a trading account designed for experienced traders with more capital to invest so it requires a minimum deposit of $1000..
All trading accounts of this broker include many additional services like personalized training, daily, weekly and monthly analysis reports, Market Commentary Live Updates, online chat access, an economic event calendar, monthly promotions, a maximum leverage of up to 1:400, fixed spreads, many trading tools and other
- VIP Account: This account is for traders who invest large amounts of money. For that reason it offers a lot of services and advantages for the investor including tailored spreads.
Yes, with no limit of time.
The trading platform of this broker is a web based application which offers a lot of functions including advanced price charts, technical indicators, updated market quotes, live news and others. This platform requires no download or installation and can be accessed from anyplace with Internet connection through the website of XForex.
One of its main advantages is the simple to use and user friendly interface. In this case, this trading platform is suitable for both novice and experienced traders.
The client of this broker can deposit and withdrawal funds through the following methods: Bank Wire Transfer, Credit Card, Skrill (Moneybookers), CashU, Webmoney and Western Union.
-The deposits can be made in Euros and USD.
Main Advantages of XForex
- XForex is a Forex broker regulated by the main financial regulators in Europe and Australia.
- It is a Forex broker with years of experience offering its services in the market.
- This company has a great Bonus system for new clients that open a trading account and deposit funds.
- This broker has an excellent customer service.
- The client of this broker can access the market from anyplace with Internet connection thanks to its web based trading platform.
- XForex offers the following market analysis resources for its clients:
- Free market analysis reviews of the market.
- Access to a free financial calendar and updated market news.
- This company offers free Forex education which includes the following resources:
- Personalized training and a dedicated dealer specialist.
- Free educational webinars.
- A trading guide in the broker´s website.
- Video tutorial for beginners and experienced traders.
- A complete glossary about the market.
XForex offers regular bonuses and promotions for new customers that open a real trading account. The current promotions are the following:
- A 35% welcome bonus up to $2500 for the first deposit made by the client.
Other categories of this broker
- Regulated Broker.
- Gold Broker.
- Silver Broker
|Company||XForex registered and operated by XFR Financial Ltd.|
|Minimum account size||$100|
|Minimum lot size||0.01 lot.|
|Spreads||Fixed spreads from 2-3 pips for EUR/USD|
|Demo account||Yes, with no limit of time|
|Link to the website||XForex Website|
|Open an account|