4XC foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://live.4xc.com/signup, about the company's legal and temporary regulatory information, the company's address Parekura Place, Avarua, Rarotonga, Cook Islands.
4XC Forex Broker
Basic Information
Island
5-10 years Suspicious Regulatory License White label MT4 White label MT5 High potential riskCompany profile
Rating Index
STANDARD
VIP
4xc Forex Broker - Complete Information Guide
1. Broker Overview
4xc, officially known as 4xcube Ltd, was established in 2018. The broker is headquartered in the Cook Islands, with additional offices located in regions such as Brazil and Cyprus. As a privately held company, 4xc operates independently and is not publicly traded.
The primary market served by 4xc includes retail forex traders, providing them with access to a variety of financial instruments. The broker has gained a reputation for its competitive trading conditions and user-friendly services, targeting both novice and experienced traders. Over the years, 4xc has achieved significant milestones, including the integration of advanced trading technologies and the expansion of its product offerings.
4xc operates under a straightforward business model focusing on retail forex trading, allowing clients to trade various instruments such as currency pairs, commodities, indices, and cryptocurrencies. The broker aims to empower traders by providing a robust trading environment combined with advanced tools and educational resources.
2. Regulation and Compliance Information
4xc is regulated by the Financial Supervisory Commission (FSC) of the Cook Islands, holding the license number MC 03 / 2018. This regulatory body oversees the operations of financial entities within its jurisdiction, ensuring that they adhere to specific standards. However, it is important to note that the Cook Islands is classified as a tier-3 regulatory environment, which may not offer the same level of investor protection as higher-tier regulators.
The broker maintains a policy of segregated client funds, ensuring that client deposits are kept separate from the companys operational funds. This practice enhances the security of clients' investments. Additionally, 4xc provides negative balance protection, meaning that clients cannot lose more than their initial investment in the event of extreme market volatility.
4xc complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and provide proof of residence. This compliance is essential for maintaining the integrity of the financial system and protecting against fraudulent activities.
3. Trading Products and Services
4xc offers a diverse range of trading products, including over 60 currency pairs, which encompass major, minor, and exotic currencies. The broker also provides access to Contract for Differences (CFDs) across various asset classes, including:
- Indices: 11 major indices from global stock markets.
- Commodities: A selection of 4 commodity CFDs, including precious metals like gold and silver.
- Cryptocurrencies: Trading options include popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
While the range of trading instruments is competitive, the broker does not currently offer stock or ETF CFDs, which may limit options for some traders. 4xc regularly updates its product offerings to meet market demands, ensuring that traders have access to the latest financial instruments.
The broker also provides retail trading services, catering to individual traders, while institutional services are available for larger clients. 4xc does not offer white-label solutions or asset management services at this time.
4. Trading Platforms and Technology
4xc supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are equipped with advanced charting tools and automated trading capabilities. The platforms enable traders to access a wide array of financial markets and utilize various trading strategies.
The broker also offers a web-based trading platform, allowing users to trade without the need for software installation. This platform is designed to be intuitive and provides essential features for effective trading. Additionally, 4xc provides mobile applications for both iOS and Android, ensuring that traders can manage their accounts and execute trades on the go.
4xc employs a No Dealing Desk (NDD) execution model, which facilitates direct market access and enhances order execution speed. This model minimizes the risk of requotes and slippage, making it particularly beneficial for scalpers and high-frequency traders. The broker's servers are strategically located to optimize execution times and reliability.
API access is available for traders looking to implement automated trading strategies, further enhancing the flexibility of the trading environment.
5. Account Types and Trading Conditions
4xc offers several account types to accommodate different trading preferences and experience levels:
- Standard Account: Requires a minimum deposit of $50 with spreads starting from 1.0 pips and no commissions.
- Pro Account: Requires a minimum deposit of $100, offering tighter spreads starting from 0.0 pips with a commission of $5 per round lot.
- VIP Account: Designed for high-volume traders, this account requires a minimum deposit of $10,000 and features competitive trading conditions, including spreads from 0.0 pips and a commission of $4 per round lot.
All accounts provide leverage of up to 1:500, allowing traders to maximize their market exposure. The minimum trade size is set at 0.01 lots across all account types.
4xc also offers a demo account for traders to practice without risking real capital. The demo account provides a realistic trading environment, helping traders familiarize themselves with the platforms and develop their strategies.
6. Fund Management
4xc supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-wallets such as Neteller, Skrill, and AdvCash
- Cryptocurrencies including Bitcoin and Ethereum
The minimum deposit requirements vary by account type, with the standard account allowing a deposit as low as $50. Deposits are generally processed instantly, although bank transfers may take longer, typically ranging from 1 to 3 business days.
Withdrawals can be made via similar methods, with most withdrawals processed within 1 business day. However, 4xc limits withdrawals to one per day per account, except for VIP accounts, which can make multiple withdrawals. Withdrawal fees may apply depending on the chosen method, with some methods being free of charge.
7. Customer Support and Educational Resources
4xc provides comprehensive customer support available 24/5 through various channels, including:
- Phone
- Live Chat
- Social Media
The support team is multilingual, catering to clients in languages such as English, Portuguese, Spanish, French, Arabic, and Russian.
In terms of educational resources, 4xc offers a range of materials designed to enhance traders' knowledge, including:
- Webinars
- Tutorials
- E-books covering trading fundamentals and advanced strategies
- Market Analysis Services that include daily updates and reports
Traders can access various tools, such as economic calendars and trading calculators, to assist in their trading decisions.
8. Regional Coverage and Restrictions
4xc caters to a global client base, accepting traders from various countries. However, it does not accept clients from the USA, Iraq, Iran, Myanmar, and North Korea.
The broker has offices in several key regions, including Brazil and Cyprus, allowing it to serve a diverse clientele effectively. While 4xc aims to provide its services widely, potential clients should check for any specific restrictions based on their location.
In conclusion, 4xc has established itself as a competitive player in the forex market, offering a range of trading products, robust platforms, and strong customer support. With its commitment to providing a secure trading environment and comprehensive educational resources, 4xc is well-suited for both beginner and experienced traders looking to navigate the forex landscape effectively.
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Latest Reviews
Germer
Hong Kong
4XC, they've really got their market instruments dialed in. Plus, their customer support is top-shelf, always ready to lend a hand. If you're looking for a reliable platform, this is the one!
Positive
2024-07-23
Broker43330
United Kingdom
Their response is timely when you have an issue. Though I have a problem with the payment method set for instance when you deposit using PayPal you can't withdraw the funds to mpesa. Ensure flexibility in withdrawal of funds, one should be able to withdraw funds using payment method of their choice regardless of which payment method they used to deposit.
37130
2024-06-14
FX1336827656
Switzerland
In February I opened a managed account with 3500 euros at MAG Markets through a friend. MAG Markets migrated to 4XC. The highest balance in 5 months was almost 4000 euros. Last week all positions were liquidated due to too much floating. The account is empty and in the end "the market" is to blame. So far I have not received a detailed statement of my trading account despite asking my friend, who is supposedly a co-owner of MAG Markets. When I asked earlier why I only see the numbers in the back office and cannot access my trading account via MT4 or MT5, I was told that they did not want to disclose the trades. Very dubious in my view. I was previously told of a low spread but there was no transparency. My conclusion: keep your hands off!
Exposure
2024-07-29