Forex Reviews

By Carlo S

Based in Canada and newly established, FxReports is one of the new forex trading sites we included in this review. FxReports was established in July 2007.

For a trial period of 15 days at a cost of a $4.95 subscription, a subscriber gets to open a demo account. Almost similar to a real account except that it is at no cost to the subscriber. The user gets firsthand experience on how trades are done with no real money involved. A demo gives the subscriber a feel of forex transactions in the market.

A paying user is also granted access to the sites training resources and video vault.

FxReports main product is its forex trading software - Excalibur V 2.25. Touted by the site as The Automated Managed Account Trading System, Excalibur claims a constant profit factor of100 plus pips in a month.

Excaliburs features include the ability to run on accounts with as little as $1,000. It does trades on its own and even adjusts trades to maximize profits. The software trades in the American and European markets and trades on all currencies. Its strength lies on 40,000 hours of testing and a regularly updated database. - 23223

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