xForex Review


Fixed spreads, many currency pairs available for trading, good support, easy deposit methods. Award winning trading platform.


No mobile apps. Wide range on minimum and maximum pips.


Basic and straightforward Forex trader with no frills.

Editor's Ratings

Open Account

Xforex first opened up in Cyprus 10 years ago in 2003 and it has been a relatively popular Forex trading platform since then. They offer a range of services with major currencies, as well as offering a useful education and learning resource for new traders to the Forex market. What else does Xforex offer that can either entice users to put them off?

Fixed Spreads

A big plus of Xforex is that they have fixed spreads and the higher account level you go, the tighter the spreads will be. This is a popular method for many traders and has convinced a lot to come over to Xforex from other trading platforms.

Customer Support 

One criticism that often gets aimed towards Forex trading platforms is that their level of interaction with their traders and customers is below standard. While most have help sections and email contacts, getting immediate assistance can be difficult. However, Xforex has a live chat function that allows users to almost instantly get in touch with someone from the company 24 hours a day which is a handy feature.

Funding Your Account Is Simple

There is a wealth of options available for those who want to fund their Xforex accounts. The company allow you to add funds via several methods including all major credit and debit cards, CashU, WebMoney and money wire transfer too. Most deposit methods are almost instantaneous meaning that it will not take you a long time to get set up and ready. Also, with the minimum deposit being just $100, you do not need a lot of capital to get started either.

Making Withdrawals

Withdrawals are performed by first returning the initial deposit value (if your withdrawal is large enough) via the same payment method that the deposit was paid. Therefore, if you paid by credit card, the deposit will be refunded back to the same credit card. Once the original deposit has been returned, any excess being withdrawn will be paid to the nominated bank account.

Credit card and bank accounts must have a matching legal name to the trading account. Identification documents must first be approved by Xforex before a withdrawal can be processed successfully.

Mobile Functionality

While we have mentioned that Xforex uses a simple and straightforward web based system, it does suffer from a quite noticeable lack of mobile apps for smartphones or tablets. Most major Forex traders use iPhone and Android apps now for trader ease of use while on the move, however this is something that they have yet to adopt. This will certainly give the growing mobile computing generation pause for thought.


Xforex has trading spreads usually from 3 to 30 pips (which is a far wider range than other traders that offer low or fixed pips), though there is a lot about the company which is positive. It is regulated under various EU countries in addition to the ASIC (Australian Securities and Investments Commission). It also has a web friendly interface and excellent customer support. While the company could do with adding mobile functionality and app access, what it does offer, it does a good job with.

Forex Trading Features

  • Social Trading  : No
  • Leverage  : 1:400
  • Currency Pairs  : 30+
  • Deposit Methods  : 3
  • Platforms  : 3
  • Headquarters  : Cyprus
  • Regulated  : Yes
  • Year Founded  : 2008
  • Demo Accounts  : No
  • Training  : Limited
  • Support  : 3
  • Copy Trades  : No
  • Minimum Deposit  : 100
  • Withdrawal Options  : Few
  • Special Features  : None
Merchant Price  
Official Website $N/A View Website

xForex User Reviews

There are no user reviews yet. Be the first one to review:

Write a Review