4x.fm Review – Avoid By All Means

Engaging in unscrupulous projects seems to be a primary purpose of every other offshore firm of this type. Cixx LLC is the owning company of 4x.fm. A group of anonymous entrepreneurs or a one-man-company? No one knows. What we do know is that this unregulated entity offers their products and services worldwide. That’s why we bring this 4x.fm review to our audience before anyone decides to invest here.

Is 4x.fm a Regulated and Licensed Broker?

Legal permits and licenses appear to be the least of 4x.fm concerns. The company doesn’t exist in any premium register we’ve checked, including FCA, NFA, CySEC, FINMA, BaFin and CONSOB. This means that the broker operates without a Tier 1 license. Immediate red flag, just like another entity with fraudulent ethics – AppleTrade. 

Because the site does list their owner, Cixx LLC, as a registered company with the local regulator – MISA, we had to check that also. As the results show, this is a lie. MISA has their own online database of the firms they’ve licensed and Cixx LLC isn’t among them. Still, even if the broker was regulated here, they would still need a stronger license to operate in severely regulated zones. Why is it so, you might wonder. 

Firstly, all Tier 1 brokerages have to possess an amount of operational capital. This is not a negligible amount at all. In the US, brokers invest at least $20 000 000 in their business. Following that, the security measures have to be installed. The most important one of them – segregated bank accounts for safe-keeping of clients’ funds. 

The leverage restriction applies to all heavily regulated zones, it just slightly differs. The EU, UK and AU have set it to 1:30, while the US and CA have it at 1:50. With 4x.fm you can unlock a ridiculous 1:200 if you decide to pay a crazy amount of money. 

Pair these questionable trading conditions with a dangerous lack of transparency and vague security measures and you get a scam to avoid – 4x.fm.    

The Opinions of Traders About 4x fm

At the time of writing this review, we only found 11 trader opinions on TrustPilot. Disturbingly enough, they were all 100% positive. Such an occurrence isn’t common. Plus, considering the number of total reviews is so low, we can’t take them at face value. 

It often happens that a broker pays for positive ratings on review websites to falsely boost their reputation. Most of these are very short and not informative. Beware of this. 

4x.fm Platforms – A Software Comparison

The much glorified and heavily advertised as reliable and fast, 4x.fm platform doesn’t differ from web traders that many other frauds provide. One of them is definitely Nux Trade. 

The fairly comprehensive distribution does lack a number of advanced functions. Including 1-click trading, expert advisors and sophisticated analytical tools. Additional downside to the whole thing is the inability to test it until you make a deposit. 

What Financial Instruments Does The Platform Include?

If you’re an advanced trader with refined taste in financial products, you won’t be impressed with the offer at 4x.fm. We say this mostly because the webtrader only allows access to several most common instrument classes:

• Forex (EUR/USD, USD/CAD, EUR/CHF, NZD/AUD)
• Commodities (Aluminium, Coffee, Cocoa, Natural Gas)
• Crypto (BTC, DOT, EOS, TRX)
• Indices (AEX25, EUR50, IT40, IBEX35)   
• Shares (Adobe, Bayer, Delta, Ebay)                

4x.fm Countries Of Service

4x.fm might operate from an offshore zone and without a license. Even so, this didn’t stop them from seeking victims from various countries. It seems like no one is safe. Including the traders from the heavily regulated and supervised areas. Take a look at the countries most targeted by 4x.fm:

•  Ukraine
• Australia
• United Kingdom
• United States
• Moldova

Account Options Offered by 4x.fm

We can hardly characterize the 4x.fm offer of accounts as exclusive and rich, as the broker does. So far, it resembles the offers we see at other fraudulent websites. Especially price wise. The features included seem unrealistic, but that’s their purpose anyway. Making you invest more money while making-up excuses to justify such insane prices. 

The sorts of 4x.fm packages are as follows:

• Basic – $250
• Silver – $5 000
• Gold – $20 000
• Platinum – $50 000
• Black – Invitation Only

Can a Trader Use a Demo Account?

Being a shameless liar about every aspect of their business, 4x.fm isn’t honest about the existence of Demo accounts, either. Although the site will guarantee you a possibility of free trading, you won’t really get that. 

After registering an account at 4x.fm, we were urged to deposit. The web trader wouldn’t even respond to our commands otherwise. The user panel does the same and keeps sending you reminders to verify and invest. 

Terms of Service for 4x.fm 

The Terms of Service is a legal doc that every client accepts by becoming a customer. 4x.fm has one too, and it is dreadful, might we add. Again, we have to stress the importance of reading these texts meticulously before agreeing to them. 

For example, a line in the 4x.fm T&C doc says the customer accepts to pay any and all outstanding fees, charges, commissions, taxes and whatever else the company may ask them to. This makes way for the firm to treat you as their financial hostage for as long as they want, so beware.

Leverage, Spreads and Fees

We’ve already made it clear how 4x.fm offers a dangerously high leverage of up to 1:200. Trading under such exposure creates an outrageous risk of you losing your entire investment. Additionally, 4x.fm doesn’t reveal the true trading costs. They conveniently only promise tight spreads. These are usually false and serve to attract and deceive customers. 

What Should I Do If I Have a 4x.fm Problem?

If you’re in panic to recover your funds quickly, we understand you. Nonetheless, having a clear mind as much as possible in these cases is vital. And needing help isn’t shameful. Just contact us and we will provide you with a free consultation. This will give you the necessary starting point to regain what is rightfully yours. So please, reach out to us at any time, and we will aid you in chargeback and other crucial steps.