Of the few positive reviews XForex has received on the FPA website, many have been flagged up by the moderators as bogus, originating from what they assume is the Israel office of XForex.
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Other information packets are offered and a live Forex calendar provides details of the most recent economic events, as well as upcoming events. A Stop Loss order allows traders to set an exit point for a losing trade when they define their risk and offset their trade accordingly and a Limit Order is used to open a position or an exposure with an order to buy or sell a symbol at a predefined rate.
Its a big scam Simon, May 21, , Guest I worked for this broker for 2 weeks only. I simply couldnt associate with this scam. They are advising clients in order to clear clients account asap. As a retention officer my job was to encourage client promise profit to make biggest possible deposit, then advise to open max possible transaction on very volatile market i. As a result there was margin call and trying to get more money from client.
What i described is a standard procedure for all clients. Also all employees are using fake surnames received from the company to avoid further problems. Better give your money to charity then invest there. I lost usd today. The exact amount of my deposit. I wanted to withdraw that money yesterday since I just borrowed it Features One of the interesting features at XForex is their stop-loss policy which includes several different orders: A Take Profit is used to set an exit when the currency rate moves in a favorable direction.
If a trader believes that the price of a currency pair will rise or fall to a specific level but does not know what it will do after that, placing a Take Profit Order will close the trade when the currency reaches that position.
A Stop Loss order allows traders to set an exit point for a losing trade when they define their risk and offset their trade accordingly and a Limit Order is used to open a position or an exposure with an order to buy or sell a symbol at a predefined rate. A limit order to type means that a trader wants to buy or sell at a better price than the market rate.
If that occurs, an If Done Order specifies future limits for the currency rate of your choice. Education The learning center at XForex provides its customers with several research tools to assist them in learning how to trade profitably. Some of these trading tools are geared towards novice traders while other more advanced tools are available for those with past trading experience.
Other information packets are offered and a live Forex calendar provides details of the most recent economic events, as well as upcoming events. Technical analysis market updates provide daily information about each currency and their movements in the market while fundamental analysis can be used for determining trends within a currency pair by focusing on long term economic factors that affect different countries. There are also a series of informative blogs that cover a wide range of topics.
Withdrawals are initiated by filling out an online withdrawal form. Customer Support Customer support is available in several different languages. Telephone support to a UK number is also available.
XForex is a safe online Forex and CFDs trading system that offers market news, day trading, and foreign exchange trading tools. Open a live account today.
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