Online CFDs and forex trading tools provider. XForex is an online Forex and CFDs trading system that offers market news, day trading, and foreign exchange trading tools. The trading platforms it offers include a web trader, and mobile applications for iOS, android and windows. Founded Year Location Limassol, Cyprus. Company Stage Unfunded. Similar Cos. Share this page. Copy Url. Let us walk you through our Companies Database and other offerings. Schedule a Demo.
CMC Markets , London. View complete profile. Update Information Remove Profile. Start using Tracxn for free. Sign up and get access to:. Curated newsletters sent to your email inbox daily. The Account Manager gave many false and illegal trading advices which caused a major loss in addition to neglecting the need of using stop losses strategy by her.
Another major thing to complain about is the style of trading instructions, and advices I was receiving through the frequent daily calls of my Account Manager. I was requested by her to place mostly high value orders in rush basis with no understanding of the risky cases and their consequences.
I believe that there should be only training by their staff in addition to analytical recommendations with warnings that it is my responsibility but not trading advices and that the losses I had as a result of their advices should be their responsibility not mines. However, although most of the trading advices were by telephone buy I have a proof by E-mail. I also sent a complain to her in this regard to take into consideration the type of advices she is asking me to follow.
On the other hand, not using Stop Losses strategy is a big mistake. The Account Manager was always neglecting the need of using Stop Losses Strategies although I requested this many times by telephone and through a previous complain I sent by E-Mail. Stop losses strategy is highly important especially for beginners like me, but she was always preventing me from using it through her trading advices.
Postponing and delaying withdrawals deliberately and pushing the client to change his decisions. At that time my Account Manager called me trying to change my mind in order cancel the withdrawal request and I confirmed to her that I am sure of that as I found out that this market is not suitable for me.
However, their staff postponed my withdrawal request and she called me again to insist in cancelling the withdrawal. I believe that this is an illegal practice from them. Do you think that they have the right to postpone this withdrawal in a way that they push their client to change his mind? Is this legal and can they justify their staff actions to be within the terms and conditions!!!. Late Withdrawals caused me further troubles by Xforex.
I couldn't fix my margins by depositing additional amounts because of late withdrawals as I ran out of money. I had two withdrawals that were received so late in spite of many follow-ups. I then thought of the case and I came with a conclusion that there was another solution that was missed up by their support team.
However, this was not advised by their support team. XForex does not take US customer however I did trade on a demo account with them some time ago and I was impressed They are SCAM. They only want you to deposit. Dont try them. This website is a scam and I would not recommend it to any one. They will chase you to take your money and give you reasons for not returning them.
I'm still chasing them for my money both the principle amount and my profits despite my earlier unsuccessful events. I'll keep you posted with the latest as it unveils. This company is great What Is Forex? Please disable AdBlock or whitelist EarnForex.
Thank you! EarnForex Forex Brokers. Acquired by Xtrade. US Traders. Founded in Offices in Australia Cyprus. Show payment options Hide payment options. MetaTrader 4. Show currency pairs Hide currency pairs. Show website languages Hide website languages. Show support languages Hide support languages. Callback Email Live chat Phone. Account Types: Standard Premium. Trailing stop Pending orders One-click trading Mobile trading Automated trading.
Show history Hide history. XForex Reviews 16 reviews of XForex are presented here. Thursday, August 9, If anyone has any idea of blocking them, please leave a message. Ahmad Zaki , Brunei. Kelvin Tan , SIngapore. Awah Mohamed , Rwanda. CrazyEd , Canada. Trading account? Saturday, February 25, Friday, December 2, Tuesday, September 20, Audrey Ross , India.
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InstaForex suggests that you open a demo account deposited with virtual money and learn trading on multi-functional trading platform MetaTrader. It will take no more than a few minutes. As soon as your demo account is available, you can get started trading over financial instruments that are displayed with online market quotes.
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