Precision4x Forex Broker

Note: Precision4x's official website https://precision-4x.com/ is currently inaccessible normally.Precision4xReview SummaryFounded2023Registered Country/RegionThe Virgin IslandsRegulationASIC (Revoked)Market InstrumentsCryptocurrencies, Stocks/Equities, Indices, Commodities, Forex/CurrenciesDemo Account/LeverageUp to 1:500SpreadVariable spreadTrading PlatformMT4Min Deposit$100Customer SupportTel: +61 2790 83805, +1 347-460-7504Email: support@precision-4x.comAddress: 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918 Precision4x was registered in 2023. It uses MT4 as its trading platform, and offers trading services on cryptos, stocks, commodities, forex, and so on. The leverage can be up to 1:500. Nevertheless, it is not strictly regulated, so potential risks cannot be ignored.Pros and ConsProsConsMT4 providedInaccessible websiteMultiple market instrumentsRevoked ASIC licenseNo demo accountsIs Precision4x Legit? Precision4x's license was revoked, and its current status shows that client transferring is prohibited.Australia Securities & Investment Commission (ASIC)Regulatory StatusRevokedRegulated byAustraliaLicensed InstitutionPRECISION 4X PTY LTDLicensed TypeAppointed Representative (AR)Licensed Number001283966What Can I Trade on Precision4x? On Precision4x, customers can trade Cryptocurrencies, Stocks/Equities, Indices, Commodities, and Forex/Currencies.Tradable InstrumentsSupportedForex/Currencies✔Commodities✔Indices✔Stocks/Equities✔Cryptos✔Bonds❌Options❌ETFs❌Account Type/Fees Precision4x offers 3 types of accounts: Standard, VIP, and ECN.Account TypeMin DepositMax LeverageSpreadCommissionStandard, VIP, ECN$1001:500Variable spread0Leverage For forex and metals trading, the leverage is capped at 1:500; While for indices, commodities and cryptocurrencies trading, the leverage is up to 1:100.Asset ClassMax LeverageForex/Metals1:500Indices/Commodities/Cryptocurrencies1:100 Generally speaking, when the leverage is high, potential risks may also be high. Therefore, careful considerations are needed.Trading Platform Precision4x uses MT4 as its trading platform.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Mac, Windows, iOS, Android, and WebtraderBeginnersMT5❌/Experienced tradersDeposit and WithdrawalDeposit OptionMin DepositCommissionProcessing TimeBank Transfer$100/3-5 business daysTether❌InstantPAY❌InstantHelp2Pay❌InstantWithdrawal OptionsCommissionProcessing TimeBank Transfer/3-5 business daysTether$5 if withdrawing less than $100Within 1 business dayPAYWithin 1 business dayHelp2PayWithin 1 business day