| Rating: | 7.5 |
Xforex broker, also known as Ultimass Global Inc, is established in 2003 and registered in Cyprus. Xforex is an EU regulated broker, capitalized by major world banks, such as Saxo Bank, Deutsche Bank, and Canadian Imperial Bank of Commerce.
Xforex offers professional web-based, user-friendly trading platform. The platform provides all the necessary trading features and tools, including charting capabilities. One of the unique feature of the platform is the ability to see what other traders currently trade. There is also mobile interface available along with account reporting.
Xforex broker offers free demo account for beginners and some basic tutorials. Once you are ready to trade for real, XForex provides 3 forex account types designed to fit any trader, beginner or experienced. There is mini forex account with a low minimum deposit requirement of $100. There is also standard account with $1,000 minimum deposit and VIP account with $10,000 requirement.
Speaking of accounts, you can always change the chosen account type to suit your trading needs. The spread is as long as 3 pips, the leverate is up to 200:1 and there are 21 different currency pairs available.
Customer support is available via online chat, email or phone. The support representatives are pleasant and professional, available 24 hours a day during the trading week. Trading and technical questions are answered quickly and efficiently.
Registration process is painless and quick. The payment methods include various credit cards, Western Union and bank wire transfer. Xforex also offers 20% welcome bonus up to $2,000.
Xforex broker offers the necessary forex services including real-time market updates either via email or the website, daily economic calendar, trading reports, videos and a free personal mentor for forex beginners, which is indeed a unique and very nice offer from a broker.
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