Reviews 4XP brokerage company
4xp started its work in 2009 as part of the Forex Place Ltd. financial group. It delivered a service package similar to what brokers develop for Germany. Had a license from the Cypriot Commission for Securities and Exchanges.
The company used ECN and non-dealing desk technologies in its work. The task you claimed was very ambitious - to come to the top brokers that offer brokerage services on the Forex market. You called your strengths transparency and professionalism.
To date, 4xp is not operational and does not meet its obligations to customers and partners. Your license is invalid.
What ratings did this forex broker get regarding the current situation?
In the feedback on the incident, dealers in Germany report that the closure was not voluntary, but was carried out by the supervisory authority. And it was converting a good first broker into Lochtron to pump money. Some claim it is an obvious kitchen and scam.
That said, the broker himself clearly received reviews
Terms of cooperation
Like many brokers for Germany, 4xp dealers offered the following conditions:
● leverage - up to 1: 400;
● Min lot - 0.1;
● Minimum deposit - of $ 100;
● spread of 0.3;
● Commission is present.
In addition to traditional financial instruments, the broker offered trading binary options for stocks, currencies, indices, metals and energy sources. Trading conditions included three types of accounts: standard, ecn and binary accounts. The spreads were fixed and floating, depending on the type of account chosen and the trading instrument.
What ratings did this forex broker deserve for the basic terms of the collaboration?
The list of conditions themselves seemed perfectly acceptable to customers and the set of tools provided was rated as attractive.
At first acquaintance, the company looked like a broker whose ratings should be
Deposits and withdrawals
There were several options for transferring funds to an account, one of which is often used by brokers in Germany:
● bank payment cards;
● bank transfer;
What ratings from traders in Germany did this forex broker receive for the quality of the deposits and withdrawals?
The assessments state that from a certain moment the divorce began with manipulation of prices, problems with the withdrawal of the balance after the deposit expired and, initially decent, the company already looked like fraudsters dealing with an open fraud Employees.
Obviously the result deserves broker reviews
Broker offered customers:
● Free training;
● automatic trading;
● provision of analytical materials;
● 24/7 support.
Actually, this is always one of the customer support services that brokers for Germany work with.
To withdraw money, it has been suggested to use the most popular payment systems.
What ratings did the Forex broker get for the service level?
Merchants have recently made negative comments about the service level, complained about the poor performance of the support service, divorce and ignoring inquiries. Finally, the company's entire activity was described as an open fraud.
The result was obviously picture that 4xp deserves as broker reviews
To work on Forex, the company, like many other brokers, has provided a MetaTrader4 trading platform and mobile applications.