4xp

 

4xp began operations in 2009 as part of the Forex Place Ltd. financial group. It provided a package of services similar to those developed by brokers for Poland. Licensed by the Cyprus Securities and Exchange Commission.

In its work, the company used ECN and Non Dealing Desk technologies. The stated main objective it claimed was very ambitious - to enter the top brokers that provide intermediary services in the Forex market. It called transparency and professionalism its strengths.

Now 4xp does not carry out operational activities and does not fulfill its obligations to customers and partners. Its license is revoked.

What kind of feedback did the Forex broker receive regarding the current situation?

In reviews of the incident, traders in Poland report that the closure was not voluntary, but was done by the regulator. And this was caused by the transformation of a good broker at first into a fraud for pumping money. Some claim that it was an obvious fraud and scammers.

In this regard, the broker earned

NEGATIVE review

 

 

Terms of cooperation

Like many brokers for Poland, 4xp offered traders the following conditions:

• Leverage - up to 1: 400;

• Minimum lot - 0.1;

• Minimum deposit - from $ 100;

• Spread - from 0.3;

• Commission - present.

In addition to traditional financial instruments, the broker provided binary options trading on stocks, currencies, indices, metals and energy. The trading conditions included three types of accounts: standard, ecn and binary. Spreads were fixed and floating, depending on the type of account selected and the trading instrument. 

What kind of reviews did this Forex broker earn for the basic conditions of cooperation?

The list of conditions itself seemed quite acceptable to the customers and the set of provided tools was rated as attractive.

At the first acquaintance, the company looked like a broker, reviews of which should be

POSITIVE

 

Deposit and withdrawal of funds

Several methods were proposed for transferring funds to an account, of those often used by brokers for Poland:

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

What feedback from traders did this Forex broker receive for the quality of depositing and withdrawing funds?

The reviews note that from a certain point in time, a price manipulation scam began, problems with the withdrawal of the remaining funds after the deposit was drained and, at first, a decent company, looked already like scammers.

Obviously, as a result, the broker deserved NEGATIVE reviews.

 

 

Customer service

The broker offered clients:

• free education;

• automatic trading;

• provision of analytical materials;

• round-the-clock support.

Actually, that which is always included in the set of client support services that brokers work with for Poland.

It was proposed to use the most popular payment systems to withdraw funds.

What kind of feedback did the Forex broker receive for the level of service?

Traders have recently responded negatively about the level of service, complained about the poor work of the support service, frauds and ignoring calls. In the end, all of the company's activities were described as an outright scam.

In this regard, the broker earned

NEGATIVE review

 

Software

To work on Forex, like many other brokers, the company provided the MetaTrader4 trading platform and mobile applications for it.


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