E FOREX could be the key to your financial independence & freedom

Find out the history of forex trading, how it works and how to trade. Note this is an educational site only and not for the purposes of forex trading.

xForex

xForex is the platform owned by Ultimass Global, a Canadian-based company, and has been in forex trading since 2003. One of the most enticing things about xForex is that traders joining the platform are offered a welcome bonus of either $2000 or 20% of the amounts they deposit. To further make joining the platform easy, the company accepts a variety of deposit methods including credit cards, debit cards, Paypal, Western Union and MoneyGram among others.

Low deposit and easy to use platform In addition top the enticing $2000 welcome bonus, traders joining xForex can start trading with amounts as low as $100. For the professional traders who are already using the platform, a deposit of $10,000 earns them a $3,000 bonus. The platform is web-based which makes it ideal for the busy forex trader who might need to access the platform while on the road or carrying on regular activities. The interface is user-friendly and requires no special technical knowledge to use.

The level of customer support at xForex is also extremely high. The company can be reached in a variety of ways including 24 hour telephone support and live chat. Detailed queries are attended to via email. xForex charges no fess for either deposits or withdrawals.

Free demonstration account and tutorial
Like other leading forex platforms, xForex offers the beginning trader a chance to get used to the forex market through a free demonstration program. This enables the trader to participate in virtual trading before committing any money. The platform also offers a free tutorial on the various aspects of the forex market. While the tutorial is not comprehensive enough, it provides a good background for the entrant who is completely new to the forex market and assists in helping the traders decide whether or not they are ready to start trading.

A feature that makes xForex trading different from other platforms is the presence of what the company calls the "top traders" link on their site. Probably meant to show that trading with this platform is profitable and therefore ideal for upstarts in forex marketing, this link shows the trades carried out by the top 10 traders on the platform.

To further help the entrant into forex trading, the xForex platform provides a personal trainer for each new trader. By providing the trainer, the company hopes to encourage traders to develop their own trading styles and to rely less on trading robots or charts. This is a very uncommon perk in the forex market and one that new traders will find very handy.

In addition, traders on xForex receive daily free reports on the forex market to help them make informed decisions. Other trading tools that the trader gets include charts, daily reviews, a financial calendar and comprehensive market analyses.

Sharia compliant
A number of forex platforms today are following the example set by some banks in the past to comply with requirements of the Islamic faith and therefore attract its members. The Muslim population globally is quite sizeable and any platform that fails to appeal to them could limit its own ability to grow. For a forex trader to be Sharia compliant, he or she has to cease paying or receiving interest or swaps in the course of business. As speculation is also forbidden in Islam, compliant forex platforms offer the Muslim faithful the option of spot forex which the faith allows.

Currency pairings
The range of currency pairings that you can trade at xForex is quite substantial. The platform offers trading in 21 different currency pairings including the major and most traded currencies such as the USD, EUR, CAD, AUD and JPY.

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Disclaimer: Please note that forex trading can involve a significant risk of loss and is not suitable for everyone.

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