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xForex

Xforex has been on the forex trading scene for quite some time, but has made a reputation for itself over course of the last two years. They were established back in 2004, and at that time had started as an offshore broker not yet focusing on the North American market. They have setup shop in Toronto, Ontario Canada now and now seem very focused on the North American currency market. They have some very good features including some promotional bonuses that are very appealing.

ACCOUNT TYPE FIRST DEPOSIT AMOUNT MINIMUM BONUS ON INITIAL DEPOSIT
MINI $100 10%
STANDARD $1,000 15%
V.I.P $10,000 20%*

With a proprietary web based interface or broker platform, Xforex does not need to downloaded and can be used directly from any high speed internet connection. You can use their platform in the language of your choice including English, Spanish, French or Japanese and others. The trading platform has around 30 currency pairs to trade and allows you trade the commodities of Gold and Silver. The leverage is about average for a broker of this type and is set around 200:1 which give you a relatively large control of currency to trade.

The registration of a forex broker account, along with the funding, was easy and did not take any excess amount of time on our part. We did like the way this broker was setup and did find an abundant amount of information and tools at our disposal. The variety and ability to use the tools give was a plus, and included things like an economic calendar, daily analysis, a top traders ranking and report, and other tools that made trading with them rather pleasant. You can open a demo account with them and test their platform for free. We wouldn’t trade with a broker that did not have this option.