4xp Broker

4xp, which actively used ECN and Non Dealing Desk technologies, which not all brokers in Poland use, was a member of the financial group Forex Place Ltd. It collaborated with major banks.

Today, the company has ceased operations.

Attitude of traders to the company according to its registration data

Reviews about the company were rather negative.

The broker has earned negative reviews for location in offshore, which inspired thoughts of fraud and scam;

Cypriot financial regulator with a completely inappropriate location of the main office.

 Terms of cooperation

In addition to the ECN and Non Dealing Desk applications mentioned above, the trading conditions offered by the company were not much different from the standard set that brokers implement for Poland:

3 types of accounts were offered:

• standard;
• binary
• ECN (including an extended version of the account without commission and requotes).

The attitude of traders to the trading conditions of the company

In general, the attitude of traders towards trading conditions for working on Forex from a broker was neutral. Over time, any analytics of conditions in the reviews was replaced by reports that the company is a scam.

• Positive reviews for:
• the ability to choose the type of spread;
• the ability to use standard, ECN and binary accounts.
• wide selection of instruments and currency pairs.

The broker has earned negative reviews for minimum lot size.

Deposit and withdrawal of funds

For depositing and withdrawing funds, methods were offered that were preferred by both traders and brokers for Poland:

• Bank transfers
• Bank cards;
• WebMoney;
• Moneybookers.

Attitude of traders to the quality of depositing and withdrawing funds

In the process of the company’s activity, the opinion about it became sharply negative. There were posts that the regulator revoked the license, based on a large number of accusations of fraud and the fact that, based on the results of inspections, a scam became apparent. Chronologically, by 2011, an active discussion of the problem with the withdrawal of funds began, but back in 2014, individual traders continued to successfully close deals. However, at the end of 2014, the broker left the field of visibility, and his site ceased to exist.

The broker has earned negative reviews for:

• delays in payments;
• refusal of payments, including if it was a question of the balance after the discharge of the deposit.

Customer service

The company did not offer anything new in customer service, focusing on what brokers most often offer for Poland:

• training;
• automatic trading;
• analytical and informational materials;

The attitude of traders to the company's service

During the company's existence, reviews changed the polarity from positive, which prevailed at the beginning, to negative, which became almost absolute at the end, when it was already obvious that the company was a scam.

Kuantyay Sabaaymi

Kuantyay Sabaaymi was born in Phuket, Thailand. Graduated International Business the executives at the University of the Thai Chamber of Commerce. Over the past three years he served as a Financial Analyst, where he was answerable for study, ordering and research of monetary data and accounting reports. The other job was to make, keep up and give and monetary detailing and examination.

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