Overall Rating: ★★☆☆☆ (2.3/5.0)

XForex is a lesser-known forex and CFD broker offering trading in currencies, commodities, indices, and precious metals through its own proprietary web-based platform. While it has been in operation since the early 2010s and claims to offer secure trading backed by experience, XForex lacks regulation from any top-tier financial authority and has limited transparency regarding ownership, licensing, and fund protection. Its basic platform and limited features also place it behind competitors in 2025.

This XForex review explores its features, regulation, fees, and whether it’s a safe option for retail traders.

Key Features

XForex provides basic CFD trading tools and claims to cater to both beginner and intermediate traders, but its offering is outdated by modern standards.

• Trading Platform:
  • Proprietary Web-Based Platform (no MT4/MT5)
• Markets Offered:
  • Forex, commodities, indices, metals
  • No access to stocks, ETFs, or cryptocurrencies
• Account Types:
  • Single account structure, no tiered offerings disclosed
• Leverage:
  • Up to 1:400 depending on region
• Minimum Deposit:
  • $100
• Funding Methods:
  • Credit/debit cards, bank wire, PayPal (in some regions), Skrill

Regulation and Security

XForex is not regulated by any major financial authority, making it a high-risk broker for client funds.

• Previously registered in Cyprus under XFR Financial Ltd
• CySEC licence was withdrawn in 2017
• No new verified regulatory status since
• No compensation scheme, no segregation of funds mentioned
• Not listed on FCA, ASIC, or FSCA registers
• High risk of unprotected trading conditions

Pricing and Costs

XForex does not provide a clear, transparent pricing structure, which is a red flag for cost-conscious traders.

• Spreads:
  • Starts from 3.0 pips on EUR/USD (much higher than industry average)
• Commissions:
  • No commissions, but spread-only pricing is costly
• Deposit/Withdrawal Fees:
  • Fees may apply, especially for small withdrawals
• Inactivity Fee:
  • Yes, reportedly $50/month after 90 days of inactivity

Educational Resources and Customer Support

XForex offers basic educational content but lacks advanced materials or platform tools.

• Education:
  • Trading basics, eBooks, and video tutorials
• Market Analysis:
  • Sparse and infrequent updates
• Customer Support:
  • Email and phone support, no verified live chat
  • Mixed user reviews regarding response times

Risk Management Tools

Risk tools are minimal and depend on the platform’s native functions.

• Stop-loss and take-profit orders
• No guaranteed stop-loss orders (GSLOs)
• No negative balance protection
• No built-in margin or risk alerts

Pros and Cons

Pros

• Low minimum deposit requirement
• Web-based platform (no installation required)
• Accepts multiple funding options

Cons

• No current regulation or investor protection
• No access to MT4, MT5, or advanced platforms
• High spreads and costly inactivity fees
• No crypto or equity markets
• Poor transparency and outdated infrastructure

Conclusion: Is XForex the Right Choice?

XForex is not a recommended broker for 2025. Its lack of regulation, poor platform support, high trading costs, and outdated tools make it an unattractive and risky choice for modern traders. There are far better alternatives—such as Pepperstone, AvaTrade, and IC Markets—that offer strong regulation, lower costs, and superior trading conditions.