4XC

4XC Review: Is 4XC Broker Good?

Broker Overview: Is 4XC Safe?

4XC Broker is a broker that was established in 2018. In terms of safety and transparency, the broker states on its website that the company protects clients’ funds by keeping their funds segregated from the company’s own and all accounts are audited and verified by external auditors. The external audit is conducted by McMillan Woods, one of the largest and most reputable auditing firms in the world. However, we will gather more information to conclude the overall picture at the end of the day, is 4XC Broker really worth using?

Broker Licensing and Regulation

If you ask whether 4XC is good or not, you should start by considering the license factor first. From checking the information, the broker has the following licenses:

• 4XC is a trading name of 4xCube Ltd, registered in the Cook Islands under ICA number 12767/2018 and licensed by the FSC (Financial Supervisory Commission) with Forex Trading License No. MC03/2018.

Broker Products and Services

Trading products

• Forex- Access a wide range of major, minor and exotic currency pairs, allowing traders to take advantage of the dynamic world of Forex trading with competitive spreads.

• Precious metals- Trade gold, silver and other metals, benefiting from competitive spreads and flexible leverage.

• CFD Index- Trade CFDs on indices and oil with low fees and tight spreads for traders who prefer to trade these instruments.

• Cryptocurrency- Trade popular cryptocurrencies such as Bitcoin, Ethereum and more using the broker's own platform with competitive spreads and a variety of leverage.

Trading Platform

• MetaTrader 4

MetaTrader 4 (MT4) is a well-known trading platform that offers a reliable trading system. With its user-friendly interface, advanced charting tools and comprehensive market analysis features, MT4 is the perfect choice for all types of traders.

• MetaTrader 5 (MT5) 

Platform

The world-class trading platform MT5 features cutting-edge tools, improved order management capabilities over its predecessor MT4, and a wide range of trading tools.

• WEBTRADER 

4XC Webtrader provides access to trading opportunities directly from a web browser on any internet-connected device. This easy-to-use and convenient platform requires no download or installation, allowing you to trade CFDs on Forex, Precious Metals, CFDs on Indices and Oil, Digital Assets and Futures from any device.

• Social Trading

Social Trading is a trading platform that allows you to copy the trades of other experienced traders. You can choose to follow top performing traders and copy their trades in real time.

Broker Account Types Review

There are 3 types in total as follows:

Deposit and Withdrawal Review

Deposit and Withdrawal Options

Bank transfer

• Supported currencies: USD | EUR | GBP | AUD | NZD

• Deposit Fee: None

• Deposit period: 1-3 business days

• Withdrawal Fee: 10 USD/EUR/GBP

• Withdrawal time 1-3 business days

Crypto

• Supported currencies: BTC | ETH | USDT

• Deposit Fee: None

• Deposit period: Immediate

• Withdrawal Fee: 10 USD

• Withdrawal period: 1 business day

Netteller

• Supported currencies:  USD

• Deposit Fee: None

• Deposit period: Immediate

• Withdrawal fee: 3%

• Withdrawal period: 1 business day

Skrill

• Supported currencies:  USD

• Deposit Fee: None

• Deposit period: Instant

• Withdrawal fee: 3%

• Withdrawal period: 1 business day

help2pay

• Supported currencies: IDR | THB | VND | MYR | INR | PHP

• Deposit Fee: None

• Deposit period: Immediate

• Withdrawal fee: 2.5%

• Withdrawal period: 1 business day

Broker Customer Service

• Live Chat 

• Monday-Friday: 00:00 – 24:00 (GMT+2)

• Saturday: 00:00 – 07:00 (GMT+2)

• Address 1st Floor, BCI House, Avarua, Rarotonga, Cook Islands

• Email support@4xc.com

• WhatsApp  +44 8000 488 033

4XC Review: Pros and Cons

Pros

• There are many types of accounts.

• Multiple deposit and withdrawal channels

Cons

• The license is also questionable in terms of credibility and operating beyond the scope of the license.

• No promotions

• There is a withdrawal fee charged.

• A commission fee is charged.

Summary: Is 4XC Broker Review Good?

This broker's main selling point is its wide range of account types and various deposit and withdrawal channels, allowing users to choose the option that best suits their needs. However, there are some disadvantages to consider, such as the broker's license, which is still questionable in terms of reliability. In addition, the broker does not offer any promotions, and it charges withdrawal fees and trading commissions, which can increase the investment costs for users.

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4XC Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.