4xex Review – All The Pros But Mainly Cons About 4xex
4xex company claims to be a Bitcoin-based trading platform. With headquarters in St. Vincent and Grenadines, there is not much promising about the broker. Primarily because they are registered in 2022.
Also, the company offers a fixed interest rate of 7.6% to attract conservative traders. Yet, there is no protection whatsoever from the company’s side.
|Is This Company Safe?
|Have Warnings from:
|St. Vincent and Grenadines
|Proprietary web trader
|Forex, Commodities, Indices, Crypto
|Free Demo Account:
|How to Withdraw from This Company?
An offshore brokerage without regulation is not a safe environment whether for newbie or pro traders. If you can’t solve issues with the regulator or bank, simply reach out to us for professional assistance in recovering your funds.
Legal info: Is 4xex legit?
In general, only Tier 1 licensed brokers are considered trusted and legit. Even some offshore licensing is not enough for maximum protection. Since Financial Services Authority (SVG) doesn’t issue licenses for FX and CFD trading companies, we have to look elsewhere. Those are mainly Tier 1 databases. Such as FCA, BaFin, ASIC and CFTC.
Sadly, none of these registers have records of the 4xex.com broker having a license. Therefore, all their fake promises and protection fall down the drain.
Who are 4xex clients?
4xex site is quite attractive and it’s not surprising they attract a lot of traders. However, many of those registered since 2022 are coming from:
- United Kingdom
Thus, 4xex trading is not safe enough for experienced traders and it’s just a matter of time before they are exposed by regulators. Meanwhile, if you have any issues with this scam broker, contact our professional team to start the refund process.
The worst nightmare of any broker is negative reviews. That can easily diminish your reputation. In this case, the company has 51 comments on the Trustpilot platform. However, more than 10% of those are with a negative rating.
Thus, the point is the same. 4xex scam broker is manipulating the platform, traders and doesn’t allow withdrawals. If you had similar experiences feel free to share them with other traders and contact us for advice on the next steps.
Leverage, Commissions, Spreads, Fees and Taxes
Considering the countries where they operate, the company provides inadequate trading conditions. Starting with leverage of up to 1:400 while European and Australian regulators allow a maximum of 1:30.
Throughout their account types, there is no precise information available about spreads, swaps or other commissions. In general, something like this is expected from offshore scam broker like 4xex.
4xex Trading Features
All the trading features with 4xex scam broker are fictive. Starting with their trading platform. Even the proprietary platform doesn’t have a dedicated mobile app.
Thus, the company proudly advertises it. Also, account types promote access to the MT5 trading platform. Even if that’s the case, the company is not regulated. Don’t miss out on our MaxProInvest and Neo Omatic reviews for full clarity about the trading features and offers.
Is 4xex legit?
No. 4xex trading company is heavily misleading their traders. Primarily, they are not licensed anywhere and they provide shady trading software without mobile apps. Also, many negative reviews are pointing out the issues with this broker.
Available Trading Assets
If the company is not trusted, all tradeable assets are irrelevant. In this case, the company promotes access to more than 16.000 options. More than enough for manipulation. Anyway, your options are:
- Currency pairs (USD/JPY, AUD/HKD)
- Commodities (natural gas, gold)
- Indices (JPY225, FRA40)
- Cryptos (BTC, LTC, DOT)
4xex broker offers 5 different account types. Those are:
The only relevant benefits are coming from swap discounts and custom spreads. All the other advertised benefits are fake management options that the broker proudly offers.
Mobile Trading App
The mobile trading app is obviously not available. Whether you are looking for iOS or Android app. As a huge downside, the company promotes on the website such apps. Thus, there is no download option either in AppStore or PlayStore.
Another key point is missing the demo account. Even though you can get insight into their poor web trader, you can’t trade with virtual funds. But already at first glance, you realize why they can’t compete with Meta Trader or cTrader.
On the positive side, the company offers a variety of educational packages. Startign with online trading courses, personal courses and educational courses. Still, the company is not licensed to provide any trading services therefore such education is worthless.
4xex withdrawal procedures are a mystery by itself. Firstly, many traders already reported issues with it. Secondly, why traders in 4xex Trustpilot reviews reported issues in the first place are funding methods. The company is not Bitcoin-based without a reason. Such transactions are irreversible and hardly traceable.
According to the company they put all effort to process withdrawals within 5 business days. However, the processing fees remain unknown and open for manipulation.
The working hours of 4xex scam broker are not revealed. But definitely, they will be there for you when you want to deposit the funds. Anyway, few contact options are e-mail, WhatsApp and the UK, most likely VOIP, phone line.
Key Information To Consider About 4xex?
The key to safety in the trading world is regulation. The 4xex broker is missing it. Also, they are not fully transparent about trading conditions or trading software. This makes them very suspicious and eligible for avoidance. Instead, you can find a trusted Tier 1 licensed broker and avoid any headaches.
But if you already did make a mistake and sent them crypto, don’t worry. Our specialized team can track it with CipherTrace and help you with the refund process. Book your first consultation now! It’s free of charge and without any obligations!
Is 4xex Regulated?
No. The 4xex broker doesn’t have any trusted regulations like FCA, BaFin or ASIC. But also they don’t have any other.
What Are The 4xex Platforms?
The company offers proprietary web-based software. Thus, for higher deposits, they claim to offer MT5. Which is most likely another scamming tactic to attract traders.
Is It Safe To Trade With 4xex?
No. Without any protection and regulations, your funds are not safe with a 4xex broker. But if you want to recover the funds book a meeting with our expert team.