Summary Overview about: eToro, UFXMarkets, NetoTrade and xForex

The world of Forex has given customers a number of different sites to choose from, including eToro, UFXMarkets, NetoTrade and xForex. Here is a review of these Forex sites to help you make the best decision.

eToro Openbook Social Investing

The Cyprus-based eToro site combines two of the hottest online trends: Social Networking and Forex. Traders have three different platforms to choose from - eToro Web Trader, eToro Mobile Trader or eToro Openbook - the Openbook is the most exciting.

With Openbook, you can invest in a chat room-like environment sharing, discussing and copying trades. Just like Facebook, you can "like" or "comment." You can see a successful trader's moniker, country, number of followers, win percentage and percent gain.

Other features for eToro - minimum deposit of $50, 400:1 leverage and it accepts Americans. Traders can select from currency pairs and commodities. The exciting OpenBook platform has created a flat learning curve and entertaining environment for making money.

UFXMarkets Debit Card

UFXMarkets has its headquarters in London with the backing of the well-known Barclays Bank. The minimum deposit is $100, leverage is 200:1 and it does not accept American customers. The trading platforms are ParagonEX or MetaTrader 4.

This site has a professional look with currencies, commodities or stocks using a CFD. There are three main accounts: Mini, Standard and VIP, plus the free demo. Charts display the latest data along the side of the screen.

Customer service is by phone or live chat during normal trading hours. You can deposit or withdraw using credit cards, bank wire, PayPal or MoneyBookers. Or you can use the UFXMarkets debit card. UFXMarkets is a well-organized, professional site for trading assets.

NetoTrade Offers Low Interbank Spreads

NetoTrade is for the professional trader who wants the lowest spreads. With its headquarters in London, Netotrade has a minimum deposit of €200, 400:1 leverage and accepts American customers. There are three trading platforms: Web, Mobile or Meta Trader 4.

Multiple languages are supported for trading currencies, commodities and indices. There are four accounts (plus demo): Mini, Gold, Platinum and ECN. The NetoTrade ECN offers some of the lowest spreads in the industry at 0.3 pips.

Disappointing xForex

The xForex site is rather disappointing. The minimum deposit is $100 and the leverage is 400:1. No American customers are allowed as shown by a pop-up display window.

Available platforms are Webtrader, XFX or MetaTrader 4. Assets traded are limited to currencies or just two commodities (gold or silver). There is no CFD or trailing stop. Deposit or withdrawal is by credit card or Western Union. Customer service is phone, live chat or email.

Numerous reviews lamented the difficulty of using the system and lack of deposit\withdrawal options. Few bonuses are offered either. With so many features on other sites, xForex clearly lags behind the competition.

UFXmarkets Review: Scam or Legit?

Before jumping on board with any financial trading platforms, the majority of responsible traders will ask an important question. They'll want to know if the site's legitimate and if it can be trusted. Even though the site hasn't given any indication that it's dangerous, it's fair to ask that question about UFXmarkets. In a highly competitive forex market, this is one site that goes the extra mile for clients, providing them with an easy interface and all the tools one could ever need to make money in this industry. Perhaps more importantly, a client's money is safe with this site.

Is your money safe?

Trading on the forex market can be difficult in the beginning. It can be even more difficult if you don't know whether your earnings are safe. Above all else, UFXmarkets values the safety of its clients' money. The site uses good encryption software, and it processes payout requests very quickly. This should be at the top of your list when you're choosing a site, and all indications are that UFXmarkets delivers in this way.

Tools to help you learn

If you're like most people in the forex world, then you'll need a little bit of helping getting started. That's alright, and UFXmarkets provides just the tools you need to get ahead. You can read both about forex in general and the current markets in particular. Right on the site, they provide all of the latest information for people who truly want to get better. This is one of the primary benefits of using this type of site. You're not left out to dry as you try to learn the ropes in the forex world.

A bonus to get you going

Where in the investment world will someone just hand you free money? This might seem too good to be true if you've spent any time investing in other kinds of ventures. With forex and UFXmarkets, you'll get 30-percent up front to get the ball rolling. Is this legit or is it a scam? Users will quickly find that the deal's completely legitimate, and they're able to trade with this free money in an instant. This can cushion the blow that you might experience as you're just getting started in the industry. If you're investing with house money, you can afford to take a few lumps while you figure out the best ways to make cash.

If UFXmarkets a good choice for people who want to make long-term cash with forex investing? It's proven itself to be among the best sites for this purpose, going above and beyond for clients who want to get the most out of the foreign currency market. With an easy to use interface, great bonuses, and all the tools that you could ever need, this is one site that does not fail in its duty to clients.

NetoTrade Review: Scam or Legit?

Is NetoTrade Scam or Legit?

One of the biggest fads for people who like to make money is to buy and sell international currency. With the forex markets, many new investors have realized that they can compete with the big boys and make a respectable return on their investment. While this is true, a new trader must take their time to do their research and understand the ins and outs of the currency exchange marketplace.

The premise behind currency trading is simple for most beginners to understand. When trading foreign currency, one would buy and sell money from around the globe. To make money, most people follow international news and monetary policies. Furthermore, many traders follow political decisions in the United States and abroad. With this information, a speculator can make trades and hope to profit off of them by seeing a currency move up or down. Without a doubt, a news junkie who knows how to act on the trends can make a solid return on investment in the foreign exchange markets.

When getting started, one must first find a legitimate brokerage house to make their trades. Sadly, many new investors, in a haste to begin making trades, choose an unreliable firm who does little to help their customers. One of the best and most reliable companies one can choose from is NetoTrade. Now, some people fear that the company is a scam as they cannot find many reviews online. However, NetoTrade offers their customers with superior service and plenty of trading options. In fact, when reading the available reviews on the Internet, most people discover that NetoTrade is a highly rated forex broker with many happy clients.

Now, most people fear depositing and withdrawing of funds. Sadly, many brokerages make it difficult for a trader to transfer money between their bank account and brokerage account. Luckily, NetoTrade has an online system that allows users to send and receive money with ease. This is a serious advantage to other brokerage houses that use a cumbersome setup when it comes to transferring funds. In fact, when choosing a company, one should go out of their way to find one that makes it easy on the customer when it comes to account funding.

Without a doubt, a serious and dedicated trader must consider signing up for NetoTrade. When using this company, an investor can make trades with ease. Furthermore, they offer solid customer service and will never leave a client feeling left out or lost using trading platform. Speaking of the interface, most investors usually struggle to use the online trading platforms of most brokers. Fortunately, with NetoTrade, a trader who knows how to use the Internet will have no issues in making currency trades from the comfort of his or her computer.

NetoTrade Review rating:4.39 based on 758 votes.

eToro Review: Scam or Legit?

Is eToro Scam or Legit?

When looking to make money in the markets, many people have started thinking outside of the box. One way in which investors have made money is by trading in the foreign exchange markets. With a forex account, one can make a serious return on investment provided a trader follows trends and does adequate amounts of research before investing.

With the currency markets, one would buy and sell currency from any major currency market. To get started, a trader would open an account and deposit funds for trading. Then, one can get started by buying one of the major currencies around the world. Now, most people try to use a strategy or aim to invest in the Euro or the United States dollar. With a solid and well thought out strategy, most traders can begin to get the feel of it and start making money immediately. While some traders feel intimidated by the process, they should not as currency trading is not difficult to master as one can make trades by following national and international news. In fact, when trading in the currency markets, one will have an easier time making money than when trading stocks or other equities. Remember, the forex market is hard to manipulate, and a trader will not have to compete against investors who have insider information about a business or product.

When choosing a brokerage account, most people simply search around on the Internet and choose the first company that looks good. While a trader can find a solid forex company, it would be a good idea for a trader to do a little more research. For this reason, many traders have turned to eToro. With this company, an investor can make trades with confidence. Sadly, many companies cheat people out of money or otherwise treat their customers poorly, and a trader will lose out because of this. Fortunately, eToro is a legitimate company where one will rest easy knowing that the business is on their side.

With eToro, one will enjoy an easy money transfer system. Meaning, a trader can send money to the forex broker with ease. This is a huge advantage for an investor who wants to respond to market conditions quickly. Remember, with the currency markets, it is pertinent to move quickly and without hesitation. eToro offers a great solution for a trader who wants to act on the news as it unfolds.

With eToro, a trader can easily watch other traders and then emulate them with ease. This is an amazing system that allows the average investor to make serious profits while navigating the large currency trading markets. In reality, eToro is the perfect choice for a trader who wants to get started and make money from the first day.

xForex Review: Scam or Legit?

Is xForex Scam or Legit?

Many traders and investors avoid the stock market; they feel like they cannot compete with wealthy individuals. In searching for an alternative, many traders turn to the foreign currency markets. With this option, an investor can make money by following news around the world. To some, this is a superior alternative to trading stocks or mutual funds where one is up against well-funded traders. For this reason, many continually research their options in the forex market.

Now, many people do not understand how the forex market works. This is okay as a non-professional probably has only heard the word forex and nothing else. Fortunately, most traders who do adequate amounts of research should understand how to navigate the currency markets. Simply put, when a trader signs up for a forex account, he or she can buy and sell currency from around the globe. Usually, an experienced investor will have a solid plan to make a decent return on investment. As mentioned, most traders will follow, in detail, both national and international news and politics. With this information, the account holder can buy and sell currency and make a profit if he or she makes the right trade.

In looking for a forex company, many people turn to the Internet to start their search. When doing a search, many traders inevitably hear of xForex. With this business, one can sign up online and get started trading immediately. Sadly, many forex companies do not offer their customers all that they need out of the experience. In fact, most customer reviews of xForex are not favorable as many customers have run into serious problems with the company.

To get started at xForex, one would need to sign up for an account and transfer funds. One can usually start trading the next business day, though when moving large amounts of money, one may need to wait a few more days. Now, to receive the funds, one can either withdrawal the funds to their credit card or bank account. However, the process is cumbersome, and a trader will often experience frustration when transferring money to and from the forex account.

In reality, xForex is not a solid brokerage house and a customer should consider taking his or her business elsewhere. Not only is it difficult to transfer money, but many clients have had difficulty in opening their accounts. Furthermore, their customer service leaves something to be desired as many reviews on the Internet show that xForex leaves clients out of the loop during the entire process. In the end, the company is a scam and one should steer clear of xForex and look for a broker who offers better customer service and does not give their customers the run around when encountering small issues.