Keep away from them, cowboys, see link below.
Xforex, the foreign exchange cowboys ? Lewis G. Parker ? The Kernel
One very simple thing to point out - NO REAL FX BROKER IS GOING TO OFFER YOU A 100% or more bonus on your deposit, only a SCAM like broker from Asia or the Middle East would do that... I think FPA should point that out if you trade with one of these unregulated brokers offering crazy bonuses leverage and spreads well you are just another sucker who's money they will try to STEAL. This is why you are seeing all these new brokers pop up they are just binary option brokers expanding their SCAM to include forex whats next futures or bonds stocks? LoL