Introduction
If you’re considering signing up with 4XPrimeTrade.com, then you’ll want to read this review first. We’ll take a close look at the company and their offerings to help you decide if they’re the right broker for you. We’ll cover everything from their account types and minimum deposit requirements to their spreads and leverage options. We’ll also discuss some of the negative feedback that’s been circulating about the company. So, if you’re wondering whether 4XPrimeTrade.com is a legit forex broker or not, then read on for everything you need to know.
What is 4XPrimeTrade?
4XPrimeTrade is a foreign exchange (forex) broker that offers online trading in more than 80 currency pairs, as well as CFDs for energy, metals, indices, and cryptocurrencies. The company is headquartered in Mauritius and is regulated by the Financial Services Commission (FSC).
4XPrimeTrade provides its clients with the MetaTrader 4 (MT4) trading platform, which is available for desktop, web, and mobile devices. The MT4 platform enables traders to access advanced charting tools, real-time market analysis, and automated trading via expert advisors (EAs).
4XPrimeTrade offers a variety of account types to suit different trading styles and budgets. The Standard account requires a minimum deposit of $100 and gives users access to leverage of up to 1:200. For those who want to trade with higher leverage, the XPRIME account offers up to 1:500 leverage on forex pairs. Both accounts have a commission-free structure.
The company also has an Islamic account option which complying with Sharia law. This account type does not charge or receive interest on trades overnight and does not charge commissions. Instead, it uses a small mark-up on spreads.
4XPrimeTrade Licensing and Regulations
XPrimeTrade is a legit forex broker that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). They are also a member of the European Union (EU).
Is 4XPrimeTrade a Legit or Scam Broker?
When researching a new forex broker, it is important to check whether the broker is legitimate or a scam. There are many forex brokers that claim to beregulated when they are not, and there are also many forex brokers that are not transparent about their fees and charges.
4XPrimeTrade is a new forex broker that has only been in operation for a few months. The company is based in Bulgaria and is not regulated by any financial authority. However, the website claims that the company is registered with the Financial Supervision Commission (FSC) of Bulgaria.
The 4XPrimeTrade website does not provide any information about the fees and charges associated with trading forex with this broker. This lack of transparency is a red flag, as it could mean that the broker is hiding something. It is always best to choose a forex broker that is upfront about their fees so that you know exactly what you will be charged.
The 4XPrimeTrade website also contains some grammatical errors, which suggests that English is not the first language of the people running this business. This is not necessarily a bad thing, but it can be difficult to communicate with customer service if there are language barriers.
Overall, 4XPrimeTrade appears to be a new and unproven forex broker. There are some concerns about the company’s lack of regulation and transparency around fees, so we would recommend proceeding with caution if you are considering opening an account with this broker
4XPrimeTrade Trading Software
If you are looking for a new forex broker, you may have come across XPrimeTrade.com. In this XPrimeTrade review, we will take a look at the broker to see if it is legit or a scam.
XPrimeTrade is a forex and CFD broker that offers trading on a wide range of asset classes including currency pairs, stocks, indices, cryptocurrencies, and commodities. The broker is headquartered in St. Vincent and the Grenadines and is regulated by the Financial Services Authority (FSA).
One of the main attractions of XPrimeTrade is its trading software. The broker offers the popular MetaTrader 4 (MT4) platform as well as its own proprietary web-based platform, which is available in English, Spanish, Portuguese, Russian, and Chinese.
The broker’s web-based platform is simple and easy to use with a user-friendly interface. It has all the features that traders need to execute trades successfully including real-time quotes, charts, news feeds, economic calendars, and more.
Another advantage of using XPrimeTrade’s trading software is that it is available for both desktop and mobile devices. The mobile apps are available for Android and iOS devices and can be downloaded from the respective app stores.
In terms of safety and security, XPrimeTrade appears to be a reliable broker as it uses SSL encryption to protect its clients’ personal and financial data. The broker also segregated client funds into
4XPrimeTrade Customer Support
If you’re looking for a forex broker that offers excellent customer support, XPrimeTrade is a great option. The company’s customer support team is available 24 hours a day, 5 days a week, and they are always willing to help with any issues you may have.
XPrimeTrade’s customer support team can be reached via live chat, phone, or email, and they are always happy to help. Whether you have a question about your account or need help with a trade, the customer support team at XPrimeTrade will be able to assist you.
If you’re looking for a forex broker that offers great customer support, XPrimeTrade is the way to go.
Conclusion
4XPrimeTrade.com is a forex broker that offers its clients the ability to trade in a variety of different currencies. While the company appears to be legitimate, there have been some complaints about its customer service and withdrawal process. If you’re considering using this broker, make sure you do your research and read reviews from other customers before making a decision.