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XForex Review
XForex was a Cyprus based retail trading brand that closed around 2015. Regulators later fined its operator, and no XForex broker exists to join today.
Min Deposit
N/A
Spreads From
Not applicable, broker closed
Max Leverage
Not applicable, broker closed
Platforms
N/A
Pros
- XForex held a real Cyprus CySEC license while the brand was active
- Its Australian arm paid its ASIC penalty rather than ignoring it
- The brand was folded into a sister brand, not abandoned overnight
- Independent regulators documented the problems, not just anonymous complaints
Cons
- The XForex brand no longer exists, so nobody can open an account today
- Its Australian operator paid a 30,600 dollar fine for misleading ads
- CySEC fined the Cyprus parent 225,000 euros for advice and bonus failures
- Canada's BCSC still felt the need to warn investors about it in 2016
- The wider corporate group later gave up its Cyprus license too, in 2025
XForex was a retail trading brand that started in 2003. It let people trade forex, shares, indices, and commodities online. A Cyprus firm then named O.C.M Online Capital Markets Ltd ran it. The same group later grew a bigger brand called XTrade.
XForex closed around 2015 and was folded into XTrade, soon after XTrade signed a sponsorship deal with footballer Cristiano Ronaldo. Regulators still looked back at the old business. In 2015, Australia's ASIC made the local arm pay 30,600 dollars for misleading adverts. In 2016, CySEC fined the Cyprus parent 225,000 euros for poor advice, marketing, and bonus practices from the XForex years, and Canada's BCSC warned investors about it too.
There is no XForex broker to join in 2026. Its old website is offline. The Cyprus parent has changed name several times and is now called Merba Limited. In February 2025, CySEC recorded the firm's own request to give up its last Cyprus license. Treat any site still offering XForex signups as unsafe.
Max Leverage
Not applicable, broker closed
Spreads From
Not applicable, broker closed
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
