4xp Broker

Working on Forex from a broker was neutral 04 / 05 / 20 Kuantyay Sabaaymi Visitors: 89 Rating: ★★★★★

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.

 

 

On market since

2009

Regulator

CySec

 Location

Tortola, British Virgin Islands

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:

 

Instruments

Бинарные опционы на акции, валюты, индексы, металлы и энергоносители

Minimal deposit

$100

Leverage

1:300

Spread

Fixed or floating

Minimal spread

0,3

Minimal lot

0,1

Swap

+

Trust management

 

+

Trading platform

MetaTrader4

3 types of accounts were offered:

 

 

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.

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:

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:

 

Customer service

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

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.

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