4XC Broker Details
- Company Name: 4XC
- Broker Name: 4XC Trading
- Broker Type: ECN/STP
- Regulation: Financial Services Authority (FSA) of Seychelles
- Established: 2018
- Address: Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles
- Phone Number: +248 467 1880
- Email: support@4xc.com
- Homepage: www.4xc.com
In the ever-evolving world of forex trading, choosing the right broker is crucial for both novice and experienced traders. 4XC, a relatively new player in the forex brokerage industry, has been gaining attention for its competitive offerings and user-friendly approach.
Established with the aim of providing a seamless trading experience, 4XC offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The broker prides itself on its transparency, robust trading platforms, and customer-centric services.
Whether you’re a seasoned trader or just starting out, 4XC promises to cater to your trading needs with a variety of account types, flexible leverage options, and a commitment to security and regulatory compliance. In this review, we’ll take a closer look at what 4XC has to offer, examining its features, strengths, and potential drawbacks to help you decide if it’s the right broker for you.
Trading Account Specifications
- Leverage: Up to 1:500
- Minimum Deposit: $50
- Account Currency: USD, EUR, GBP
- Trading Instruments: Forex, Commodities, Indices, Cryptocurrencies
- Payment Methods: Bank Transfers, Visa/Mastercard, Carteirax, Crypto, Neteller, Skrill, Advcash, Pay Retailers, help2pay, Fasapay, Sticpay, Globe pay, Hoko cloud, Union Pay, Alipay, Redipay
- Spread Type: Variable (Tight spreads starting from 0.0 pips)
- Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- Supported Languages: English, France, Portugues, Espanol
Account Types
Account Type | Minimum Deposit | Spread | Leverage | Features |
Standard | $50 | From 1.0 pips | up to 1:500 | No commission, suitable for beginners |
ECN | $200 | From 0.0 pips | up to 1:500 | Low spreads, $6 commission per lot, ideal for advanced traders |
Islamic | $50 | From 1.0 pips | up to 1:500 | Swap-free account, compliant with Sharia law |
VIP | $10,000 | From 0.0 pips | up to 1:500 | Personalized support, lower spreads, and exclusive market analysis |
Key Features and Programs
- Copy Trading: Allows traders to replicate the trades of experienced investors.
- Educational Resources: Offers webinars, tutorials, and market analysis for traders of all levels.
- Negative Balance Protection: Ensures traders cannot lose more than their account balance.
- Fast Execution: High-speed trade execution with minimal slippage.
Pros and Cons of 4XC Broker
Pros
- Competitive Spreads: Tight spreads starting from 0.0 pips on ECN accounts make it cost-effective for traders.
- Flexible Leverage: Leverage up to 1:500 allows traders to maximize their trading potential.
- Multiple Account Types: Catering to different trading styles and experience levels.
- Regulated Broker: Licensed by the FSA of Seychelles, adding a layer of trust and security.
- User-Friendly Platforms: Supports both MT4 and MT5, which are industry-standard platforms.
- Copy Trading: A great feature for beginners to learn from experienced traders.
Cons
- Limited Regulatory Oversight: While regulated by the FSA, it lacks stricter oversight from top-tier regulators like FCA or CySEC.
- Restricted Countries: Not available to traders in the US, EU, and other major jurisdictions.
- High Minimum Deposit for ECN Accounts: $200 might be a barrier for some traders.
Final Thoughts
4XC is a promising broker that offers a solid trading experience, especially for traders in regions where it operates. Its competitive spreads, flexible leverage, and variety of account types make it an attractive choice. However, the lack of top-tier regulation and restrictions in certain countries may deter some traders. If you’re looking for a broker with a user-friendly approach and a range of trading tools, 4XC is worth considering. However, always ensure it aligns with your trading goals and risk tolerance.
Frequently Asked Questions (FAQs) About 4XC Broker
1. Is 4XC a regulated broker?
Yes, 4XC is regulated by the Financial Services Authority (FSA) of Seychelles, ensuring a level of trust and security for its clients.
2. What trading platforms does 4XC offer?
4XC supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized and user-friendly trading platforms.
3. What is the minimum deposit required to open an account?
The minimum deposit is $50 for Standard and Islamic accounts, $200 for ECN accounts, and $10,000 for VIP accounts.
4. Does 4XC offer leverage?
Yes, 4XC offers flexible leverage up to 1:500, allowing traders to maximize their trading potential.
5. What types of accounts are available?
4XC offers four main account types: Standard, ECN, Islamic (Swap-Free), and VIP, each catering to different trading needs and experience levels.
6. Are there any fees or commissions?
Standard and Islamic accounts have no commissions but slightly higher spreads. ECN accounts charge a $6 commission per lot but offer tighter spreads starting from 0.0 pips.
7. What payment methods are supported?
4XC supports various payment methods, including credit/debit cards, bank transfers, Skrill, Neteller, FasaPay, and cryptocurrencies.
8. Does 4XC offer copy trading?
Yes, 4XC provides a copy trading feature, allowing traders to replicate the trades of experienced investors.
9. Is 4XC available in my country?
4XC does not accept clients from the United States, Canada, European Union countries, North Korea, or Iran. Check their website for the latest updates on supported regions.
10. Does 4XC offer educational resources?
Yes, 4XC provides a range of educational materials, including webinars, tutorials, and market analysis, to help traders improve their skills.
11. Is there negative balance protection?
Yes, 4XC offers negative balance protection, ensuring that traders cannot lose more than their account balance.
12. How can I contact customer support?
You can reach 4XC’s customer support team 24/7 via live chat, email (support@4xc.com), or phone (+248 467 1880).
13. What trading instruments are available?
4XC offers a variety of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
14. Does 4XC support Islamic accounts?
Yes, 4XC offers Islamic (Swap-Free) accounts that comply with Sharia law.
15. How fast is trade execution with 4XC?
4XC prides itself on fast trade execution with minimal slippage, ensuring a smooth trading experience.