ForexPlace or 4xp as its also known is a forex trading broker with an impressive trading platform for forex traders. Its clear when you see what they have to offer that they were willing to put in the time and money into delivering one of the best forex trading brokerages we have seen. Their financial information and economic calendars are always up to date and they really seem to be out to impress. With some many online forex brokers to choose from these days, they seem to set a standard that relatively high and seems to set them apart from the pack.

4xp was founded by a group of retail entrepeneurs and fx exchange dealers who collaborated with their combined knowledge and expertise in trading to create their comany. Their continued devotion to customer satisfaction shows through in both the website and the way you will be treated throughout your experience with them. their tight spreads and real-time market prices are very competitive in the forex market.

ForexPlace has made their software readily available in two formats. You can download their Meta Trader 4 platform and get access to very advanced charts and technical indicators. The other option is a web based platform if you happen to be on the road or halfway around the world. The mobile platform is a nice addition to this traders capabilities of providing something for everyone.

We see no issues with getting your deposit to ForexPlace and getting started trading right away. They have many different ways to start a capital account which makes working with them so simple and care free. They accept many diferent deposit methods including the following deposit methods: Bank Wire, Credit Card, Visa, MasterCard, MoneyBookers, Diners, JCB, Delta/Visa Debit, Visa Electron, Maestro, Solo, American Express, Neteller, EcoCard, Liberty Reserve and DIRECTebanking.com. That’s an incredible amount of deposit methods for any online broker. The only thing we saw missing was Paypal, but were sure you should not have any problem getting your account funded with so many methods available to you. There are no deposit or withdrawal commissions.

They offer trading in multiple languages including English, Spanish, French, German, Portuguese and Dutch and more. We often see where forex brokers can make a withdrawal from your capital forex broker account quite difficult. This is not the case with 4XP, as you simply send them a fax and they forward your money to you within 3-4 business days. A lot less painless than many other forex brokers we have experienced.

You can trade over 50 currency pairs with good spreads. The major pairs trade with a 3 pip spread. They offer fixed spreads, so there is no dependence on anything else. They offer a nice demo account or free account at $50k, so you can really take the time to tryout the demo account and try out their platform. The mini account requires a $500 deposit. Not one of the smallest accounts we’ve seen, but anything smaller, you should be looking for a micro account. Their leverage is excellent at 300:1, which we would rate at above average of brokerages we have reviewed.

They are available 24/6 and can be contacted by phone, email and web chat and genuinely seem dedicated to answering your questions in a timely and responsive manner. Their education resources on their site seem to be far above par, offering an forex trading educational section named “Extensive Education Platform” that is well suited to train both the novice and beginning trader, while adding some good points for more experienced traders. They also offer live training for those of you that want a more personal approach to your forex education.

Tools are always necessary, and very welcome when you can find and extensive collection from an online broker. It shows that they like to cover all the bases and want to provide their clients with everything they will need to be successful in forex trading. ForexPlace provides daily market analysis, economic calendar and a Live Dealing Room that provides a live forum platform for answering your any questions you may have, solve problems that you may be experiencing or simply communicate with forex gurus and other traders.

In final review, we think ForexPlace is an excellent online forex broker that can satisfy the most discriminate trader and surely satisfy any beginner or novice. The tools, the customer service, the deposit and withdrawal experience and almost every aspect of our experience has been entirely positive. Be sure to check them out and setup a demo account today. Were highly confident you’ll be glad you did!