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Xforex Forex Broker Review

by forex on May 24, 2009

About Xforex Forex Broker

xforex-logo

Xforex claims to have one of the most advanced trading platforms in the industry. They are based in Canada, and require $50 for an initial account funding, quite a small minimum account requirement for a forex broker.

They started their on-line operations in 2003, and are not under any regulation bodies.  The management of Xforex obviously wants to help clients that are posting their problems online, as some of their managers actually have presence online to help.

The platform is good, as well as the speed of the withdrawals and deposits. They also offer good commissions, although some potential clients see the numerous promo offers as a red flag, instead of a good thing.

But when it comes to customer care reviews, the lot is quite mixed up with the cons and pros, but one thing is for certain, as of 2009 they are not a scam.

Basic Broker Details

Site http://www.xforex.com
Country of Origin Cyprus/Canada
Accepted Deposit Modes Bank transfer and any major credit cards
Withdrawal Method Bank transfer and any major credit cards
Leverage Up to 1:400
Regulation Body None
Spread 3 pips (EUR or USD)
Minimum Account Requirement $50

Pros of Xforex Forex Broker

* Responsive customer care

Cons of Xforex Forex Broker

* Site’s not informative

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