What is 4XP.com?
4XP.com is a Forex broker that offers online trading in more than 80 currency pairs, as well as CFDs on precious metals, energies, equity indices and cryptos. The company is headquartered in Limassol, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
4XP.com provides its clients with a choice of two account types – Standard and Premium – which offer different spreads and leverage levels. The broker also offers a demo account so that new clients can try out its trading platform before opening a live account.
4XP.com’s trading platform is provided by MetaQuotes Software Corporation and is available as a web-based platform or as a mobile app for Android and iOS devices. The broker also offers the popular MetaTrader 4 (MT4) platform for desktop, web and mobile devices.
4XP.com’s customer support team can be contacted via telephone, email or live chat 24/5 in English, French, Spanish, German, Russian, Arabic and Chinese.
The Different Types of Accounts Offered by 4XP.com
4XP.com offers a variety of account types to suit the needs of different kinds of traders. Here is a rundown of the different types of accounts offered by 4XP.com:
Standard Account: The Standard account is the most basic account type offered by 4XP.com. It requires a minimum deposit of $500 and gives access to the full range of 4XP.com’s trading platforms and products.
Gold Account: The Gold account is designed for more experienced traders and requires a minimum deposit of $5,000. It gives access to all of 4XP.com’s trading platforms and products, as well as additional features such as market analysis and dedicated customer support.
Platinum Account: The Platinum account is 4XP.com’s premium account type, designed for professional traders. It requires a minimum deposit of $25,000 and gives access to all of 4XP.com’s trading platforms and products, as well as additional features such as priority customer support and exclusive market analysis.
The Pros and Cons of Trading with 4XP.com
There are a number of reasons why traders may be attracted to 4XP.com – an online forex and CFD broker based in the Seychelles. The company offers trading in a wide range of asset classes including forex, metals, energies, indices and cryptocurrencies on the MetaTrader 4 and Webtrader platforms. There is also a mobile app available. One of the main advantages of trading with 4XP.com is that it offers very competitive spreads on major currency pairs from just 0.1 pips. Leverage is also generous at up to 1:500 for retail clients (higher for professional clients). This means that traders can take larger positions than they would be able to with other brokers.
Another advantage of 4XP.com is that it provides a lot of useful educational resources for its clients. There is a dedicated education center on the website with articles, videos and webinars on a range of topics such as technical analysis, fundamental analysis and risk management. The company also holds regular live trading events which are open to all clients.
However, there are some drawbacks to trading with 4XP.com that should be considered before opening an account. One issue is that the broker is not regulated by any major financial authority such as the US Securities and Exchange Commission (SEC) or the Financial Conduct Authority (FCA) in the UK. This means that there is no guarantee that your funds will be safe if the broker were to become insolvent.
What do Traders Say about 4XP.com?
4XP.com is a popular online trading platform that allows users to trade a variety of assets, including forex, stocks, and commodities. The platform is known for its user-friendly interface and extensive range of features.
However, what do traders really think about 4XP.com? In this section, we take a look at some of the things that traders have said about the platform.
Overall, traders seem to be happy with 4XP.com. Many praise the platform for its ease of use and wide range of features. Some even go so far as to say that it’s the best online trading platform they’ve used.
That said, there are a few complaints about the platform. Some traders have complained about customer service issues, while others have said that the platform is sometimes slow or buggy. However, these appear to be isolated incidents and overall, most traders seem to be happy with 4XP.com.
Is 4XP.com a Scam?
4XP.com is a leading online broker that offers trading in forex, CFDs, and precious metals. The company is headquartered in Nicosia, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). 4XP.com has been in operation since 2010 and provides its services to clients from over 120 countries.
The company offers a wide range of trading platforms including the popular MetaTrader 4 platform as well as its own 4XP WebTrader platform. 4XP also provides mobile trading apps for iPhone, iPad, Android, and Windows Phone devices.
One of the main advantages of trading with 4XP is that the company offers competitive spreads on major currency pairs starting from just 3 pips. Leverage of up to 1:500 is also available which can be beneficial for traders looking to take advantage of market movements.
Another key advantage of 4XP is that they offer a wide range of educational resources to help their clients improve their trading skills. These resources include video tutorials, webinars, e-books, and more. The company also provides 24/5 customer support via live chat, email, or telephone.
However, there have been some complaints about 4XP with some users alleging that the company is a scam. These allegations have largely been unsubstantiated and appear to be coming from disgruntled traders who have lost money due to poor trading decisions. Overall, it appears that 4XP is a reputable broker that offers a good
Conclusion
All in all, 4XP.com is a reliable and trust-worthy broker that offers a wide range of features and tools to its clients. The main advantages are the low spreads, the user-friendly platform and the excellent customer support. The main disadvantages are the high minimum deposit and the lack of CFD instruments.