Precision4x foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://login.precision-4x.com/?type=register&language=en_US, about the company's legal and temporary regulatory information, the company's address 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918..
Precision4x Forex Broker
Basic information
The Virgin Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Note: Precision4x's official website https://precision-4x.com/ is currently inaccessible normally.
Precision4xReview SummaryPrecision4x 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 Cons
| Pros | Cons |
| MT4 provided | Inaccessible website |
| Multiple market instruments | Revoked ASIC license |
| No demo accounts |
Is Precision4x Legit?
Precision4x's license was revoked, and its current status shows that client transferring is prohibited.
| Australia Securities & Investment Commission (ASIC) | |
| Regulatory Status | Revoked |
| Regulated by | Australia |
| Licensed Institution | PRECISION 4X PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001283966 |
What Can I Trade on Precision4x?
On Precision4x, customers can trade Cryptocurrencies, Stocks/Equities, Indices, Commodities, and Forex/Currencies.
| Tradable Instruments | Supported |
| Forex/Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks/Equities | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Precision4x offers 3 types of accounts: Standard, VIP, and ECN.
| Account Type | Min Deposit | Max Leverage | Spread | Commission |
| Standard, VIP, ECN | $100 | 1:500 | Variable spread | 0 |
Leverage
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 Class | Max Leverage |
| Forex/Metals | 1:500 |
| Indices/Commodities/Cryptocurrencies | 1:100 |
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mac, Windows, iOS, Android, and Webtrader | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Deposit Option | Min Deposit | Commission | Processing Time |
| Bank Transfer | $100 | / | 3-5 business days |
| Tether | ❌ | Instant | |
| PAY | ❌ | Instant | |
| Help2Pay | ❌ | Instant |
| Withdrawal Options | Commission | Processing Time |
| Bank Transfer | / | 3-5 business days |
| Tether | $5 if withdrawing less than $100 | Within 1 business day |
| PAY | Within 1 business day | |
| Help2Pay | Within 1 business day |
Rating Index
ECN
STANDARD
Precision4x Similarly Rated Brokers
Latest Reviews
Bùi Thanh Hiền
Vietnam
The license and address match exactly with Alpha Exchange, which is a scam platform that can lock your funds and delete your account at any time.
Exposure
2021-04-27
Thái Tôn
Vietnam
Hi Wiki, I used to be an employee of Alpha Tradex (now called Precision 4X). For some reason, Alpha Tradex exchange announced its withdrawal from Vietnam, and my client and I were unable to withdraw funds. After research, I now have evidence that Alpha Tradex is still active in Vietnam, and the other name is Precision 4X. Hope Wiki can review the situation of Precision 4X and warn investors of fraud. Thank you Wiki.
Exposure
2021-04-27