Reader Warning: We have recieved and read many complaints about 4XFX having very poor customer service and using deceptive practices towards clients, we can not recommend 4XFX as a trusted online trading website.
Is 4XFX Regulated? 4XFX Licensing and Regulation
Since the 4XFX brokerage is so new, they have not yet acquired licensing or regulation from any reputable regulatory authorities. Nevertheless we like their website and educational material, plus the fact that clients can deposit using Bitcoin – and the fact that they are currently having a Bitcoin raffle promotion for new traders.
An online trading brokerage, 4XFX offers traders the ability of trading a wide array of financial assets across global financial markets. The company was launched recently in March of this year and is already catering to the needs of approximately 46,000 traders in 76 countries. Operated by GRF EUROPE OÜ, 4XFX operates out of its headquarters that are located in Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K397, 10119, Estonia. There are numerous brokerages to choose from and since 4XFX is a new one, people always have a hard time when making a decision. Why go for 4XFX? Let’s take a look at what this brokerage has to offer:
There is not one, two, but three highly sophisticated trading platforms that you can use when you sign up on 4XFX. The first option is the brokerage’s own proprietary web-based trading platform that can be accessed from any computer or mobile device through the web browser. There is no need for any sophisticated hardware, no downloads or installation and the platform is still able to operate smoothly. The official name of this trading platform is 4XFX Web Trader and the functionality and design is undoubtedly unrivaled and advanced.
One thing you will notice immediately is that it is quite user-friendly and can provide an intuitive experience to traders. There is an advanced charting package offered that boasts 8 different time frames, 6 different chart types and a huge list of technical indicators. This platform is more than enough for all kinds of traders. The other two platforms you can find on 4XFX are the popular MetaTrader 4 (MT4) that can be downloaded and a state of the art mobile trading app.
As stated above, 4XFX provides you with access to an extensive array of financial products that can be traded across global financial markets. You can choose to trade some of the best forex currency pairs on 4XFX, indices, commodities such as gold and oil, stocks of some renowned companies and cryptocurrencies like Bitcoin.
Security and Fairness
A close look at the 4XFX services reveal that the brokerage is a reputable one that provides reliable and safe online trading services. They use the highest levels of encryption and security to ensure the confidential data remains safe and out of the hands of unauthorized third parties. They have also implemented some strong regulatory policies such as AML (Anti-Money Laundering) and Know your Customer (KYC).
One of the most appealing aspects of 4XFX is that it offers multiple account types to traders. Why is this a good thing? It is considered a positive aspect because the different account types have been designed for traders with varying levels of experience and background. There are four primary options that you will find at your disposal when you sign up on 4XFX:
Starter: This account is designed for traders who are just starting out in the trading world and want to gain experience. It provides them with access to a personal account manager, basic training, fixed spreads, an expert advisor, customer support 24/5, access to forex news, knowledge center access, hedging, resource center access and leverage of 1:100.
Silver: Traders who possess some basic knowledge, but need to be seasoned can sign up for this account. It offers all the features associated with the Starter account, along with webinars that can provide you with additional knowledge.
Gold: The third account is for traders who have some experience, but are looking to invest seriously instead of just a hobby. The leverage is increased to 1:200 in this account and you also get access to features such as daily market alerts as well as one-on-one training.
Platinum: This account type has been designed for VIP traders and can be used for making ambitious trades and provides access to all features available on 4XFX. There is a personal bonus policy they can enjoy, along with personal trading conditions that can enhance and improve the trading experience.
The customer support provided at 4XFX is one of the best you will find in the market as the brokerage has hired representatives who are well-informed and knowledgeable about the market. They provide quick and accurate responses that are concise and customized as per the question asked by the traders. You will not find any generic responses here, which is a good thing. You can use telephone and email for getting in touch with customer support representatives five days a week. There is some educational content also available to provide assistance to the traders.
Fees and Commission
Another aspect where 4XFX is very appealing to all traders is in terms of their fees and commission. They charge the lowest commissions in the market and their trading fee is also on the reasonable end, which is exactly what traders are looking for.
Deposits and Withdrawal
The convenience and ease of traders is priority for 4XFX due to which they have provided a wide variety of payment methods for both deposits and withdrawal. The only rule you should remember is that the method you use for deposit should also be used for withdrawing money from the brokerage service. No charges are applicable on making deposits and some of the methods you can use are:
- Bank wire transfers
- Debit and credit cards, which include Delta, Solo, Visa, MasterCard, Maestro, Visa Electron, Maestro UK (Switch) and Diners.
- There are some e-wallets that can also be used and these include some popular ones such as Neteller and Skrill.
- Cryptocurrency deposits are also offered on the platform, which is a huge plus.
Is 4XFX a Scam?
4XFX is a legit broker and is not a scam. It a a legit trading brokerage. Overall, the 4XFX brokerage service comes off as polished and streamlined. Even newbies will not have a problem in acclimating to the platform because it is smooth and can be used without any hassle. The sign up process is simple and this has helped 4XFX in developing a positive reputation in the market. The overall features are sophisticated and can provide a speedy trading experience that’s very uncommon in the market.
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