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Forex Broker Review: 4XP

 

4XP Review (OUT OF BUSINESS SINCE 2014)Check 4XP Rating

 


4XP GENERAL INFORMATION

Found: 4XP was found in 2007

Headquarters: 4XP has offices in British Virginia Islands

US Residents: 4XP forbids traders from US –NO

Islamic Accounts: 4XP supports Islamic Accounts –YES-

Regulated: 4XP is regulated by FSC (British Virginia Islands)

Languages: 4XP web-site supports 10 Languages


4XP TRADING INFO SUMMARY

■ Broker Type: 4XP is a STP / ECN Forex Broker

■ CFD Trading: YES

■ Binary Options Trading: YES

Platforms: 4XP Offers a Web Trader Platform, MT4, MT5 and a Binary Options Platform

4XP Trading Time Zone: GMT

■ Demo Account: 4XP is providing a Demo Account –YES

■ Typical Spread EUR/USD: 4XP typical spread on EUR/USD is 0.6 pips on ECN accounts and 3 pips on Classic STP accounts.

■ Leverage: Leverage at 4XP can be up to 1/300 for STP accounts and 1/150 for ECN accounts

Scalping: is allowed at 4XP –YES-

■ Bonus / Rebate: 4XP offers Deposit Bonus for new accounts up to 50%

TRADING ASSETS

4XP ASSETS

4XP is providing many different trading assets:

Forex Currencies, 7 Major Fx Currency pairs and about 60 more Currency pairs (Crosses)

Commodities (Wheat, Sugar etc)

Metals

Energy

Stocks & Indices (US, European and Australian shares)

US Bonds


Here are 4XP major assets:

ASSET LEVERAGE SPREAD LOT SIZE TRADING TIME
FOREX        
EURUSD 1/300 3 100,000 24hrs
USDCAD 1/300 5 100,000 24hrs
GBPUSD 1/300 4 100,000 24hrs
USDCHF 1/300 4 100,000 24hrs
USDJPY 1/300 3 100,000 24hrs
NZDUSD 1/300 5 100,000 24hrs
AUDUSD 1/300 4 100,000 24hrs
METALS        
Zinc {1/50} 100 10 07:30-20:30
Lead 1/100 150 100 07:30-20:30
Nickel 1/100 1000 10 07:30-20:30
Gold 1/100 70 100 ounces 01:00-00:15
Silver 1/100 7 1000 ounces 01:00-00:15
Copper {1/50} 30 10,000 ounces 01:00-00:15
Platinum 1/100 500 100 ounces 01:00-00:15
Palladium 1/100 500 100 ounces 01:00-00:15
ENERGY        
WTI {1/50} 5 1000 01:00-00:15
NGAS {1/50} 10 10,000 01:00-00:15
COMMODITIES        
Sugar #11 {1/50} 15 1000 lbs 10:30-21:00
COFFEE {1/50} 25 100 lbs 10:30-21:00
Cotton #2 {1/50} 10 100 lbs 04:00-21:30
Corn {1/50} 75 100 bushels 02:00-15:15 17:30-21:15
Soy Bean {1/50} 100 100 bushels 02:00-15:15 17:30-21:15
Wheat {1/50} 100 100 bushels 02:00-15:15 17:30-21:15

COMMISSIONS & LEVERAGE

4XP TRADING COMMISSIONS

4XP Typical Spread on EUR/USD is 0.6 pips on ECN accounts and 3 pips on Classic STP accounts.

4XP TRADING LEVERAGE

Maximum Leverage at 4XP is 1/300 for STP accounts and 1/150 for ECN accounts

TRADING PLATFORMS & MOBILE

4XP TRADING PLATFORMS

4XP is offering a good variety of Trading Platform.

1) 4XP Web Trader
2) MetaTrader 4
3) MetaTrader 5
4) Binary Options Platform

+Also 4XP accepts Zulu Trade automated trading (expert advisors)

+Scalping: is allowed at 4XP

+Demo Account is Available

4XP MOBILE TRADING

4XP supports iPhone, iPad, PDA and Android devices

Get free iPhone 4XP mobile app.

»Download 4XPhone iPhone App on iTunes

4XP TRADING INSTRUMENTS

4XP is providing several trading instruments including:

Forex Trading

CFD Trading

■ Binary Options

4XP Binary Options Trading Basic Info:

-US Traders: No
-4XP Payout Rate 66-88%
-4XP Refund Rate 0-15%

NEW ACCOUNT INFORMATION

4XP Minimum Account:

The minimum initial deposit required for opening an account on 4XP is 100 USD. Accounts on 4XP can be opened in 2 different currencies: Euro and USD.

 

4XP Deposit Methods:

Bank Wire Transfer

Web Money

Credit Cards

MoneyBookers

CashU

Neteller

Liberty Reserve

Payoneer

4XP Withdrawal Methods:

Bank Wire Transfer

Credit Cards

MoneyBookers

Neteller

BONUS & REBATES

4XP offers New Account Deposit Bonuses up to 50%


Conclusion:

What really characterize 4XP is the great variety of Trading Options that its customers are enjoying. Many platforms and many different assets and instruments are offered like Forex Currencies, World Shares and Indices, Commodities, Energy and Metals. Plus 4XP offers Binary Options Trading with high payout and refund rate in relation with competition. On the other hand spreads at 4XP are narrow, but some trading commissions are charged. In overall 4XP is a good Forex broker except the fact that is based at British Virginia Islands and that is regulated only by the local body there, called FSC.

» Check 4XP Review on OnlineForex.Biz

CONTACT INFORMATION

Global 4XP Telephone Numbers

England Offices:

Tel:+44 20 33181555 Fax:+44 20 77859242

Germany Offices:

Tel:+49 30 2555 7600 Fax:+49 32 2110 8990 826

France Offices:

Tel:+33 1 70 61 85 40 Fax:+33 1 77 72 27 37

Spain Offices:

Tel:+34 91 1430020 Fax:+34 912 919769

Italy Offices:

Tel:+39 06 91717929 Fax:+39 06 60513844

Bahrain Offices:

Tel:+973 16 198596 Fax:+973 16 198597

Norway Offices:

Tel:+47 210 35805 Fax:+47 210 62796

Canada Offices:

Tel:+1 647 7249959 Fax:+1 647 7237520

China Offices:

Tel:+86 108 4181951 Fax:+86 108 001202938

Russia Offices:

Tel:+7 495 5808084

4XP PROS AND CONS

(According to competition)

4XP REVIEW CONCLUSIONS

4XP PROS

4XP CONS

√ Low Spreads compared to competition on ECN accounts

√ Wide variety of Trading Assets plus Binary Options Trading

√ Wide variety of Trading Platforms, plus automated Fx Trading

√ Wide variety of Payment / Withdrawal methods

√ 24/6 customer support, providing Phone and Live Chat

√ Allows Scalping and Hedging

 

X Trading Commissions are charged

X Home Base is atBritishVirginiaIslands

X 4XP is Regulated only by FSC

 

 

 

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