FX Reports

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.

Excalibur trades on all currencies and on the American and European markets. The program can run on accounts with $1,000. What the software does is that it trades on its own automatically relying on 40,000 hours of testing and a regularly updated database. The program has the ability to modify trades to maximize profits. Excalibur is also claimed to have consistency and the ability to manage trade lots sizes according to the current balance. - 23196

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