XForex


Overall Score   How is this Calculated?

8.8

Ranks #25 of 29
In Reviews > XForex


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Details:

  • Min. Deposit: $100
  • Max. Leverage: 400:1
  • First Deposit Bonus:
  • Min. Lot Size: 0.05
  • Regulation: CySEC, ASIC (AU)

  RATING

Ease of Access:
8.8
Reliability:
9.0
Support:
8.8
Payouts pct.:
8.7

  AWARDS

XForex Review – Can You Trust Them With Your Investment?


If you're looking for a broker that provides advanced trading conditions and has a transparent and fair business ethic, then you should consider XForex.com. XForex is a broker and trading platform that has many advantages over the competition and that offers one of the best all-round choices in the industry. In this XForex review we'll look at what sets it apart and at why you should consider them as a choice for your own broker.

 

Platforms

 

XForex.com uses a proprietary trading platform that is web based. What this means is that the software you use to make trades runs online, so you only need to log on to the website in order to access it and start using it.

 

For new traders this keeps matters incredible simple. You won't need to spend time downloading software and getting to grips with it, instead you can simply visit the website click the tab and get started with your trading. It also has the advantage of meaning that you can trade anywhere that has an internet connection – if you're at a friend's house you can trade using their computer and you can even trade through the public library!

 

This is the preference for many people who are interested in starting trading but others will prefer to trade through the well-known MetaTrader 4 desktop software. The great news is that XForex also provides this option which ensures that you can trade in the manner that best suits you and keeps the broker highly versatile and flexible to suit the client.

 

MetaTrader 4 is an industry standard piece of trading software that any seasoned trader will be highly familiar with. The great thing about using MetaTrader in order to trade with XForex is that it means you won't need to learn a new platform and you'll be using a highly reliable and tried-and-true piece of software with tons of features and ample online support.

 

Better yet, MetaTrader 4 also has a mobile version which means you can trade using an app from anywhere in the world as long as you have a smartphone with an internet connection.

 

Commissions and Spreads

 

XForex offers fixed spreads and doesn't charge any commission. The excellent thing about this is that it means you will know how much each transaction is going to cost and it means you will never have any nasty surprises or have to do complex math to figure out how much you're going to be charged.

 

At the start of this review we mentioned that XForex was transparent. This is what we were talking about. You know precisely how much you are going to pay and everything is kept very simple and straightforward every step of the way. This makes a refreshing change and it's something that other brokers could learn from!

 

Reliability

 

XForex is a very well trusted broker and has an excellent track record and reputation. They execute thousands of trades on a weekly basis and serve thousands of clients so you can rest assured that they offer a safe and reliable service. What's more, all transactions are encrypted and your data will be protected to the very highest standards.

 

Deposits and Withdrawals

 

XForex makes the process of depositing and withdrawing funds incredibly simple and easy. This means that you won't have to spend hours trying to figure out how to set up your account. What's even more important though, is that you can gain access to your money quickly and easily when you need it. This is something you might expect would be a given but unfortunately that often isn't the case with other brokers.

 

Many brokers are more interested in trying to make as much profit quickly from their clients as possible rather than offering a reliable service and so they make it difficult to get your money out when you need it. As such, this is something we always check carefully when looking at brokers. The good news is that XForex passes with flying colors as a company that always gives you instant access to your money when you need it. You should absolutely refuse to settle for anything less. It is your money after all!

 

Deposits and withdrawals can be done through wire transfer, credit card, Western Union and Diners Club International. Again, the company offers a wide variety of services to suit a wide variety of clients.

 

Customer Service

 

XForex is also one of the best brokers around in terms of their customer service. This is another hallmark of a reputable and reliable company and it's again something that this company handles expertly.

 

As is often the case, XForex offers customer service via phone, email and live chat which means you can almost always find a way to get in touch that suits you. They are available around the clock and something that's particularly helpful is their callback service. That means that you can leave a message and get them to call you later – so you won't be waiting in a queue and you'll be able to get on with what you're doing. This is something you don't see often and it's a great testament to the company's commitment to excellent customer service.

 

Conclusion

 

Overall, XForex is a fantastic choice for a wide number of reasons.

 

First you have the fact that they have both a proprietary web-based platform and support for the highly popular MT4. As both choices have a lot of unique benefits, this way customers can take advantage of both to suit their specific needs. This kind of flexibility is unheard of.

 

The company is very well regarded and has a great track record ensuring that you can do business with them without worrying that your details or money aren't secure. We also really like their callback option and the generally excellent customer service. Perhaps best of all though is the sheer simplicity and transparency of their fees which means you always know exactly what you're paying. It's nice when a company just works and does what it promises to and that's exactly what XForex represents.

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