Forex Reviews

By Carlo S

Canada-based FxReports.net is one of the new players in the forex trading scene having been established only recently 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.

Subscription also provides access to training and video libraries to the user.

The sites premium product, however, is the Excalibur V 2.25, a forex trading software. Excalibur, which Fxreports calls The Automated Managed Account Trading System, boasts of a constant profit factor between 100 plus pips 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. - 23217

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