4XP

Forex Place Ltd.

4XP - Forex Broker

Broker name4XP
Company nameForex Place Ltd.
Online since2009-01-01
Site urlhttp://www.4xp.com
CountryBritish Virgin Islands
Minimum account size100.00
Minimum account size currencyUSD
Minimum position size0.010000
Maximum leverage300
Maximum leverage description1:300
Spread levelhigh
Spread description3 pips on EUR/USD
Is regulatedNO
Regulation descriptionUnregulated
Easy registrationYES
Votes count74
Rating3.30
Email

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Advantages

  • MetaTrader 4 platform.
  • ECN broker.
  • Browser-based platform.
  • Trading bonuses.
  • Forex trading education.
  • Islamic trading accounts are available.

Disadvantages

  • Spreads are relatively high on non-ECN accounts.

Payments

  • Credit card
  • EcoCard
  • Liberty Reserve
  • MoneyBookers
  • Neteller
  • PayPal
  • WebMoney
  • Wire transfer

Categories

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21 Reviews

  1. 4XP Rep:

    Dear Isiaka Abidoye,
    My name is Jayden, and I am a representative of 4XP on forums. I would like to kindly ask you to provide me with your account number. Also please send all the relevant information to the following email address: [email protected]. This is needed to sort out your problem.
    Thanks!

  2. Isiaka Abidoye:

    I lost my initial deposit with them of $100. After this I practiced a new trading strategy. I did not want to check it on demo account and decided that I need to start trading in small live account. I deposited $11 using Liberty account. Since 28th of April money has not been gotten yet. The delay occurred after I made a deposit of $2.5 through the same system. I contacted their support services and did not get any clear answer. One time I got a call from one of their managers I believe. I explained my situation and he promised me that everything will be sorted out. But nothing was done and I still have not gotten the money. In total, this company has my $13.5. Because the situation has turned this way, I do not want to work with them again. I believe that if I get my money, I may think about trading with them again.

  3. Ramneet:

    Dear Alex from the USA.,
    I think the problem has occurred because you are not sure about 4X statement and as well in how to understand some meanings. In order to make it convenient for you, I have provided some meanings. This way you will be able to better understand what is meant. These meanings are not available at a dictionary.
    1. Thanks for your quick response: We have no idea that you would ask to get your money so fast. This is shocking for us.
    2. Decided to delete your trades: we prefer guy losing money. We have no interest in people earning money with us and this is why your trades have been deleted.
    3. Result of arbitrage: This is the result of arbitrary decision made up with 4xp.
    4. This will suffice: There are no real arguments, this is why you should just shut up and sit quietly.
    5. Trying to solve: We are wonder how long you can stay patient.
    6. Going an extra mile: By this is meant is that when you want to withdraw your money with them, they will go an extra mile in the opposite direction so that you do not manage anything. If you really want to get your money, you must insist harder.
    7. Accounts Manager: Accounts Damager.

  4. Alex:

    4xp.com is a scam. My experience with this broker is really bad. After trading with them for three months I made a good profit. In some time I received an email from them stating the following:
    `Thanks for your quick response. We have decided to delete your trades as a result of arbitrage. I hope that this will suffice. ` I was curious what was meant by `result of arbitrage` but never got a reply. Most of the time, I traded only with one currency pair. So, I am pretty sure that this company simply dislikes other people making profit with them. I have gotten a profit of $3,200 and they simply deleted my trades!

  5. Ramneet:

    I opened an account with this broker six months ago through CMO AXIS, their Indian branch. CMO AXIS who is a branch of 4xp in India is totally unprofessional broker that has no care for their customers. In no time I could deposit to 4xp and start trading with this broker. In some time they disabled my account. They wanted me to send some scanned copies of the payments. This is interesting how they managed to accept me trading and my deposits. This broker is cheater and I am very frustrated with their services. So this is why I closed my account after withdrawing. Till now I did not get my money, and all got from them is just some excuses. Their head office does not care about anything. I think both of those companies just take some funds from the clients. They just want to get the money. Both those companies are cheaters and liars. Do not trust them your funds, otherwise you will lose everything.

  6. Emma T Rahman:

    I have been trading with them for a year. I have made some mistakes and that is why I lost some money. A good thing is that I have made some profit with them in three months. I could withdraw $5,000 and $6,500. I took about 6 or 9 days for transfers to be completed. They kept in touch with me to make sure that everything is fine. I think this broker is honest.

  7. Michael Hayes:

    Hi Jayden, it is always great to know that you can tell somebody if you have some issue. I opened an account with them two months ago. I communicated with Mark Webber and he was very nice and helpful. I got a pretty attractive bonus on my deposit. Their spreads are pretty great. I have not made a single withdraw yet with them, but I hope that everything will be all right.

  8. Jayden Hamilton, 4xp Rep.:

    My name is Jayden Hamilton. I work for 4xp(Forex Place) as a representative for the English speaking market. I will be responding on your comment, suggestions, complaints and others posting on 4x here. I will give you the information that you are looking for fast and professionally. If you have any questions, you can contact me on [email protected]

  9. Chloe:

    Hello All,
    I have been trading with several brokers for two years and last six months I have been trading with 4xp (Forex Place). There are advantages and disadvantages about this broker. It took a long time at the begging to withdraw the money but it is faster now. It is fast to get answered by their live chat. There is a great plus of them is that they provide you a 100% back for your deposit during the first month. If you have any information on them, please tell me.

  10. razvan:

    I am glad to trade with them so far.

  11. Alexei:

    We will not give me my $10,000. I made a deposit with them of $17,000, I have earned $27,000. My profit was $10,000. They simply blocked my account.

  12. Gyan:

    Hello Junaid,
    I am also trading with 4xp. I would like to know more information on them.

  13. Tradingfore:

    I use 4XP ad for me is a very honest broker. I have not encountered big problems with them. Their customer services are pretty good. You will not meet any slippage. It is possible to trade with scalping and hedging. I opened my account in November and deposited $150. By balance now is $560.

  14. dara:

    To Chris from Singapore
    Dear Mr Chris from Singapore, I think you are not honest. You are saying that you have been trading with them for two years but this is impossible as they were established only a year ago. I think you are trying to cheat here. Stop spamming here.

  15. Chris:

    I have no idea what problems you guys have with this broker. I have been using them for a year and did not meet any problems. I think the reason is that all of you are original from Nigeria? This is a great broker and I like trading with them.

  16. eva:

    Beware! They will take all your money! They are manipulative! They do have nice charts, but you will lose with them everything. If you afraid to lose your money, you should not trade with this broker. I have warned you! Please never call me Numberneva and never call me spammer.

  17. dara:

    This is the worst company ever. They are manipulative. They will delete all your profitable trades! Do no deposit with them; otherwise you will lose your money. They will send you email telling that there were some issues and problems. This is a cheating company. They have cheated many of my clients. 08061651010

  18. AFOLABI TEMITOPE MICHAEL:

    I have checking on this broker on many websites and I know that this broker is pretty good.

  19. Junaid Arsalan:

    I have a live account with them but I find that their high leverages make trading inconvenient. If you have a mini account it is impossible to get profit.

  20. KOUAME CELESTIN:

    I would like to open an account with this broker and wondering if someone has some experience trading with them. Please, share the information.

  21. oluwatoyin kareem:

    I was looking for a reliable broker when found this website. I think if all the comment are true I can successfully trade with this broker.

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