Retail FX trading is not a new thing but new brokers are moving in on the block at a fast pace with new technologies and services, furthermore the newer brokerages also offer crypto trading with their assets these days. One of the newer firms that that is making its mark in the level of quality of both order execution and customer service is 4XFX.com. At the beginning of this year (2018) a group of industry professionals joined together and offer traders a new approach in that can incorporate all tools and service levels that one can expect. Furthermore, the team got it right for sure, because 4XFX began to grow by leaps and bounds after just a few months and quickly amassed a global contingent of happy traders from over 76 countries. Most online reviews and testimonies are highly favorable when it comes to this broker and we will not be surprised if they receive a reward this year.
TRADING PLATFORMS AND SERVIcES
When you first enter their website you can immediately see the simple but professional look and feel of the 4XFX website and of course when you enter the 4XFX Webtrader trading platform and understand just how easy it is to start trading with this broker (forex, cryptocurrency, commodities, stocks, indices) you know that you have arrived at a good website for simple and no hassle trading. The 4XFX Webtrader platform is is web-based meaning that no downloads are necessary at all and you are delivered an excellent service via STP/ECN protocols with a speed of order execution is that is assured %100 of the time. You don’t need to mess around with a dealing desk, which is also good news for anticipating traders. The 4XFX broker trading spreads are competitive and vary by account classification which is of course another benefit when you want to participate at higher deposit levels. If you prefer to trade while on the go, there is also a mobile trading platform in the works that will soon be announced. As an extra perk, the team has refined a visually attractive way to inform you of changing trends in market action and sentiment with what they call “Traders Trend”. This innovation caters a current percentage of Bulls VS Bears in the market, in order to let you know what the current trend is.
The 4XFX asset list, at this moment, includes over 320 items, including 46 currency pairs, 56 cryptocurrency pairs, 17 commodities, 42 indices and 160 stocks. Unfortunately, U.S. clients are not accepted at this time.
Why trade with 4XFX.com? Here are some reasons:
Founded by a team of industry professionals from around the globe
Headquartered in Estonia with offices in London
Client funds safely segregated with European banks
Webtrader trading platform and Mobile Trader for easy access from anywhere at anytime
Firm is a Straight Forward Processor (STP) and ECN broker that matches any orders with global liquidity provider and no deal-making desk;
Competitive low spreads that vary by account type
Leverage from 1:100 up to 1:200 depending on asset
Four account types for traders
Account types vary by deposit:
STARTER – Minimum Deposit of $250 and Leverage up to 1:100
SILVER – Minimum deposit of 0.5 BTC and Leverage up to 1:100
GOLD – Minimum Deposit of 1 BTC and Leverage up to 1:200
PLATINUM – Minimum Deposit of 10 BTC and Leverage up to 1:200
Variety of promotions and bonus options which include including cash-back on first trades;
A Personal Trading Consultant is provided to give you free investment coaching (more advanced support is provided for Platinum level);
Quick trade executions avoids slippage and re-quotes;
Extensive KYC Policy and Compliance to strictest regulatory standards
Customer Service are always available via Facebook live chat and email
Spreads and Leverage
Competitive spreads are fixed and vary by asset choice and by your individual account type. There are spread benefits for different levels of account, and these differences are posted on the website. Leverage can also vary by asset type, but, for major currency pairings, it can be as high as 200:1.
The 4XFX management team prefers that you try its web-based “Webtrader” trading platform but for those traders that prefer to remain with a familiar set up, 4XFX also supports the highly popular and downloadable Metatrader 4 system. The firm also provides its unique “Traders Trend” technology, which keeps you abreast of market trends and where the action is. Mobile trading applications are also available. The back office uses STP (Straight Through Processing) protocols and ECN connections for high-speed order executions to ensure the best market price. Dealing desk conflicts of interest are not a problem at 4XFX. The staff is never working at cross purposes with your interests. The latest in 128-bit SSL encryption technology ensures the utmost security, privacy, and integrity of all pertinent data.
Deposits and Withdrawals
Account registration is easy, and deposits can be made using major credit and/or debit cards, along with banking wire transfers. 4XFX also supports a variety of other local payment methods, as well. Withdrawals will be processed promptly over a 48-hour period, as long as internationally mandated KYC/AML documentation is on file, current, and in order. Withdrawals will typically follow the same route as used for your deposit, although there can be exceptions, but only if the new account is in the same name as the original account documentation. No third-party transfers are permitted.
NOVICE TRADERS and Customer Support
A personal account manager will be assigned to help newcomers become traders quickly or answer queries from more experienced clients. Customer service can be accessed by live chat, by 24 toll-free phone numbers in a variety of global markets, or by email access on a “18X5” basis or via 4XFX Facebook live chat.
IS 4XFX A SCAM BROKER?
At 4XFX, every attempt has been made to focus on you as a trader and to make your experience a truly enjoyable one. From their web-based “Webtrader” trading platform, to one-on-one customer support, and from a broad-based array of over 320 asset choices, to competitive spread pricing via STP/ECN, you will definitely find a style of trading that is more comfortable and rewarding. The professionals at the firm come from major banks, hedge funds, and from trading floors and dealing rooms, these types of brokerages are never scams and focus on technology and customer service and not on scamming customers. They know what traders are looking for because they have been there and found technological solutions that worked for them and now they bring them to you on their own website. Furthermore 4XFX compliance adheres to strictest regulatory standards. The many favorable reviews and client testimonials and our own positive experience with this broker close the deal for us. The firm’s simple catchphrase says it all: “4XFX – Multiply your profits with us.”