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Forex Broker Ranking Cyprus Based Forex Trading Broker Review

Below is a Forex review of online currency broker broker is based in Cyprus. Below is a list of the most common review questions that traders ask about this online forex broker.


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Where is currency broker based

XForex is based in Cyprus, its address is:


Spyrou Kyprianou 38,
CCS Building,
P.O.B 70091,
Kato Polemidia,
Limassol 4160,


Xforex is also based in Australia, its address is:

OCM Online Capital Markets Pty Ltd,
ACN 140 899 476,
Level 2 19-21 Hunter St. Sydney,
NSW 2000,


Is a licensed and regulated Forex broker

Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website.


Regulated by Cyprus Securities and Exchange Commission, CySEC, license number 108/10.

Regulated by ASIC, Australian Securities and Investments Commission, License number ACN 140 899 476

XForex is registered with FSA of the UK, CNMV in Spain, Finansinspektionen in Sweden, CONSOB in Italy, Danish FSA in Denmark and Authority for Financial Markets in the Netherlands along with many other countries.

What is the execution method of

Dealing Desk Market Maker execution of orders


What are the broker spreads of this broker

The Forex broker spreads are:






5 pips


5 pips


5 pips


5 pips


Spreads may vary depending on account type and market volatility.


Financial Instruments Provided For Trading



What are the account types of this broker

  • Standard Account
  • Premium Account



Does broker have Islamic Forex Trading Accounts

No, XForex does not provide swap free Islamic Trading Accounts


What are the terms for demo trading accounts for

XForex provides a trading demo account for currency practice trading.


How is the withdraw and deposit process

Credit card, debit card, Wire transfer, WebMoney and Moneybookers money transfer methods are provided for withdrawing and depositing funds.


Recommended Broker


What is the minimum account opening capital for Accounts

  • Standard Account - $100
  • Premium Account - $1,000



Does give an account opening deposit bonus

No, this broker does not provide and account opening deposit bonus.


What is the security and reliability of

What is the Forex broker ratings for security and reliability

XForex is regulated by CySEC and ASIC.



Does accept scalping

No, this broker does not allow scalping trading.


Does give free trader education to currency traders

This broker provides learn currency trading education for learn trading online.


This broker provides a free learn forex education section that has trading tutorial guides, video tutorials and foreign exchange market analysis that traders can use to learn trading and learn how to trade with the trading platform of this broker.


What are the Forex trading platforms of this online currency trading broker




Is a MetaTrader 4 Forex broker provides MetaTrader 4 software which is the best Forex trading platform according to reviews.


This trading platform metatrader4 can be downloaded form the brokers’ website.



Does allow automated forex trading

The broker automated trading policy on automated currency trading is:


XForex execution method may not necessarily allow or be suitable for Expert Advisors Automated forex trading on their metatrader4 software.


What are broker website sections

The website sections of this trade broker are:


Trading accounts section: where traders will find information about accounts such as demo practice account and live accounts provided by this broker. Traders wanting to start trading can open an account from this section.


Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this online broker.


Forex Trading Platforms Section: this section provides platforms where a trader can choose one for trading online.


Regulated Broker

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