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:
⚠️WARNING:This broker operates outside the scope of the regulation of FSC. License No.: MC03/2018 is an offshore license. General business registration. No Forex license. Please consider before investing.
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 (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.
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.
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 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:
|
| PRO |
| STANDARD |
| VIP |
| Minimum Deposit |
| $100 |
| $50 |
| $10,000 |
| Starting Spread |
| 0.0 pips |
| 1.0 pips |
| 0.0 pips |
| Base Currency |
| USD | EUR | GBP | BRL |
| USD | EUR | GBP | BRL |
| USD | EUR | GBP | BRL |
| Maximum Leverage |
| 1:500 |
| 1:500 |
| 1:500 |
| Trading Commission |
| 5 USD per 1.0 lot Forex |
| No commission |
| 4 USD per 1.0 lot Forex |
| Islamic Account (Swap-free) |
| ✖ |
| ✔ |
| ✖ |
⚠️WARNING: Up to $30 inactivity fee after just one month of inactivity
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
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 [email protected]
WhatsApp +44 8000 488 033
4XC Review: Pros and Cons
Pros
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.
