OptionBit is one of the world’s leading binary options dealers. They are highly experienced in providing their traders a comfortable environment in which to trade an incredible amount of currency pairs, commodities and indices without the need to go through a broker. They offer a collection of features and benefits found nowhere else online.
XForex is an online currency trading software platform that will give you the chance to trade across a wide pair of currencies right from the comfort of your own home. There are a lot of benefits to choosing XForex over a lot of the other online foreign currency trading websites, so definitely take a close look at this site to see if it is the one for you.
Europe region
O.C.M Online Capital Markets Ltd
Spyrou Kyprianou 38,
CCS Building,
P.O.B 70091,
Kato Polemidia
Limassol 4160
Cyprus
Xforex Full Review
XForex allows you features that you won’t universally find elsewhere. An example of this is the personal training that you can choose to undergo before you actually start training, a feature that is not a given elsewhere. You can even get a practice account loaded with $50,000 to judge the use of the software platform and once you’ve determined that it has all of the user friendly and analytical tools that you need, you can then make the decision to commit your actual money to trading on this platform.
Account Types
There are three types of real money accounts available from XForex and of course the demo account discussed above. The lowest is the Mini Account which allows you to deposit smaller amounts of money while still being able to control leverage up to the 200:1 margin. The maximum deposit for a mini account is $1000 though, so you won’t get the chance to control that leverage for a small amount of time forever. Standard accounts allow you to deposit as much as $10,000 and VIP accounts are unlimited in nature.
The difference between these three accounts primarily has to do with the luxury features that you receive, but also with the pip differential between the major currency pairs. This could be from 4 to 6 points on a mini account but could be tailored to suit your needs on a VIP account.
Payment Options
The primary way for you to fund your account is through the use of credit cards and debit cards. XForex Broker is flexible enough to accept both Visa and MasterCard as payment and people with Diner’s Club International debit cards can also use those in order to make the payments needed to fund their account. Western Union is also accepted as a payment method and for people that do not like any of those four, a simple Wire Transfer of funds from your bank account to your XForex account can be arranged.
Platform
The platform XForex has put on the market is an impressive platform because of its user friendliness and functionality, but that doesn’t mean that it can’t hold a handle when it comes to features. With trading tools, news reports, analysis and informal chatter making its way directly to your eyes and ears through the software package as well as the ability for you to customize windows to receive the reports that you want, XForex has a software package that will make it very easy for you to be happy with the amount of money that you trade.
Help for Beginners
Beginning players may especially appreciate what XForex has to offer in the area of training because as a new trader with XForex you will gain access to one-on-one training that you can use to learn the basics of Forex trading and still have a good opportunity to be out there making money on a consistent basis. You can also train and learn more on your own by reading the plethora of guides offered by XForex.
Security
XForex operates under the approval of VeriSign security badges and has an SSL link-up that is very difficult to break. Not surprisingly, they have had no major security issues throughout their existence.
Conclusion
New traders will benefit from the wealth of information XForex has to offer and seasoned veterans will appreciate all of the trading experience they can use to their benefit. Overall, this is a good site to frequent.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.
