Xforex — Web Based Broker without Demo
Xforex is a Forex broker that I added to the broker lists on my site today. It’s not a new Forex broker at all — it operates on-line since 2003. It has only a web-based trading platform which is optimized for IE, but it also works with Firefox too (though there may be some glitches). Trading platform itself is rather poor (in terms of indicators and automation), but it loads fast. Special Muslim accounts are available for appropriate customers. Unfortunately there are no demo accounts available, so, if you want to try trading with them, you have to deposit at least $50 via credit card or a wire transfer.
Tags: Forex broker, Muslim, Xforex
April 24th, 2008 at 10:25 pm
Trading on it for the last 8 months… Very stable platform and a great service … don’t know about the rest
May 20th, 2008 at 1:31 pm
Basically this is a very good platform. Fast and quite reliable and they’ve got helpful staff. They say they’re giving a $500 joining bonus at the moment - although actually it’s 20% of what you deposit, up to $500. But anyway it’s still worth it I reckon.
June 6th, 2008 at 9:01 pm
I heard some good things about the platform but wanted to check it first. When I chatted with their support, they suggested the best way to learn to trade was via a live account not a demo. Go figure.
June 6th, 2008 at 9:05 pm
RJ,
Actually they are right somewhat about real accounts versus demo. Leaning on real accounts is better because it brings real emotions into your trading. But I’d suggest trading with a very small amount of money if you want to learn on real account. Then you can consider the amount you lose as a “payment” for your education.