Xforex is a retail forex broker that first opened its doors in Cyprus in 2003, and is now operating under the license of O.C.M. Markets Online. After

Xforex is a retail forex broker that first opened its doors in Cyprus in 2003, and is now operating under the license of O.C.M. Markets Online. After much investigation this broker seems to be a decent one, with good service, a good platform, and some extra client perks that go above and beyond other brokers. Xforex offers most of the services that a forex trader is seeking. They offer mini and regular forex accounts with a low minimum deposit of $100 and leverage up to 1:400. They offer trad...

Xforex is a retail forex broker that first opened its doors in Cyprus in 2003, and is now operating under the license of O.C.M. Markets Online. After much investigation this broker seems to be a decent one, with good service, a good platform, and some extra client perks that go above and beyond other brokers. Xforex offers most of the services that a forex trader is seeking. They offer mini and regular forex accounts with a low minimum deposit of $100 and leverage up to 1:400. They offer trading 21 different currency pairs and 2 metals on their web-based platform. They also offer competitive fixed spreads with no deposit, withdrawal or trading fees. The Xforex website does not give any company background or insight into who this broker is or how long they have been a broker, so a new client must contact them via chat, email, or phone to investigate. The 24-hour chat can be immediate or time intensive to get a response. But a telephone call request was answered immediately and the sales person very knowledgeable and helpful. A free demo account is also offered on the Xforex website. This is their Canadian office in Toronto, which is new in their expansion to North America.