4XCUBE Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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I have been trading with 4XCUBE for a while now and everything seems to be working fine. But after looking at wikifx I found that it has no regulatory license... Should I withdraw my money to prevent being scammed?
4xcube has emerged as a notable player in the online forex and CFD trading arena since its establishment in 2018. However, user reviews and expert opinions reveal a mixed bag of experiences, primarily cautioning potential traders about its regulatory status and overall trustworthiness. Many reviews highlight the broker's competitive trading conditions and the availability of popular trading platforms like MetaTrader 4 and 5, but concerns about its offshore licensing and lack of robust regulatory oversight remain prevalent.
Note: It is crucial to recognize that 4xcube operates under different regulatory frameworks depending on the region, which can significantly impact user experience and fund security. This review aims to provide a balanced and comprehensive perspective based on various sources for fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
How We Rate Brokers: Our ratings are derived from a combination of user reviews, expert opinions, and factual data regarding trading conditions, regulatory compliance, and overall user experience.
Founded in 2018, 4xcube is an online forex and CFD broker registered in the Cook Islands, operating under the Financial Supervisory Commission (FSC). The broker offers trading on popular platforms, including MetaTrader 4 and MetaTrader 5, catering to a wide range of trading strategies. Clients can access various asset classes, including forex, commodities, indices, and cryptocurrencies, albeit with a limited selection compared to other brokers. The lack of a reputable regulatory authority raises concerns about fund safety, making it essential for potential traders to conduct thorough research before engaging with this broker.
4xcube is regulated by the FSC in the Cook Islands, an offshore jurisdiction that does not provide the same level of investor protection as more established regulatory bodies like the UK's FCA or Australia's ASIC. This lack of oversight raises red flags about the broker's reliability. According to Forexing.com, the Cook Islands' regulatory framework does not impose stringent requirements on brokers, which can lead to potential risks for traders.
4xcube supports multiple deposit and withdrawal options, including traditional methods like bank transfers and credit cards, as well as e-wallets such as Skrill and Neteller. The minimum deposit is set at $10, making it accessible for new traders. However, some payment methods incur high fees, which may deter users from using them regularly. As reported by DayTrading.com, the costs associated with deposits and withdrawals can vary significantly, impacting overall trading profitability.
The minimum deposit required to open an account with 4xcube is $10, which is relatively low compared to other brokers. This low barrier to entry is attractive for novice traders looking to enter the forex market. However, higher-tier accounts require significantly larger deposits, such as $100 for the Pro account and $25,000 for the VIP account. This tiered structure may limit access to more advanced trading conditions for smaller investors.
Currently, 4xcube does not offer any no-deposit bonuses or welcome promotions, which is a common marketing tactic among many brokers. The absence of incentives may make it less appealing to new traders looking for added value when signing up. According to Investing.co.uk, the lack of promotional offers could be a downside for potential clients seeking competitive advantages.
4xcube offers a range of tradable assets, including over 60 forex pairs, several commodities, indices, and a limited selection of cryptocurrencies. However, the absence of direct stock trading may disappoint some traders looking for a more comprehensive trading portfolio. As noted by Best Trading Review, the limited asset variety compared to competitors may restrict trading opportunities for more experienced traders.
The trading costs at 4xcube are generally competitive, with spreads starting from 0.1 pips on the Pro account. However, some reviews indicate that spreads can widen significantly during volatile market conditions, which could impact trading profitability. Additionally, the broker charges commissions on certain accounts, which may add to the overall cost of trading. User feedback suggests that while the initial spreads may look attractive, hidden costs can accumulate quickly.
4xcube offers leverage up to 1:500, which is considerably higher than many regulated brokers that typically cap leverage at lower levels. While high leverage can amplify potential profits, it also significantly increases the risk of substantial losses. Traders should exercise caution and ensure they understand the implications of trading with high leverage.
4xcube primarily supports MetaTrader 4 and 5, both of which are widely regarded as industry standards for forex trading. These platforms offer various analytical tools and features that cater to both novice and experienced traders. However, the lack of a proprietary trading platform may be a drawback for some traders looking for unique features or customizability.
4xcube does not accept clients from several jurisdictions, including the United States, Canada, and certain European countries. This restriction may limit its appeal to a broader audience and could be a significant factor for potential traders considering their options.
Customer support at 4xcube is available in multiple languages, including English, Spanish, and Portuguese. However, user reviews indicate that the quality of customer service can be inconsistent, with some traders reporting long response times and unhelpful support staff.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
4xcube provides a variety of account types, including Standard, Pro, and VIP accounts, with varying minimum deposit requirements and trading conditions. While the low minimum deposit is appealing, the tiered structure may limit access to better trading conditions for smaller investors.
The broker offers essential trading tools, including access to MT4 and MT5 platforms, but lacks comprehensive educational resources and market analysis, which are crucial for traders looking to improve their skills.
Customer support is available in various languages, but user experiences indicate that the quality of service can be hit or miss, with some traders reporting slow response times and inadequate assistance.
4xcube's trading environment is generally user-friendly, but the lack of a proprietary platform and limited asset offerings may hinder the overall trading experience for some users.
The offshore regulatory status of 4xcube raises significant concerns regarding fund safety and overall trustworthiness. Many reviews caution against trading with brokers that lack robust regulatory oversight.
While the trading platforms are well-regarded, the overall user experience can be impacted by the broker's regulatory status, customer service quality, and hidden costs associated with trading.
In conclusion, while 4xcube presents some attractive features, such as low minimum deposits and competitive trading conditions, potential traders should carefully consider the risks associated with its offshore regulatory status and the overall user experience. As always, conducting thorough research and considering alternative brokers with stronger regulatory frameworks is advisable.
