4XP

  • Name:4XP
  • Website:http://www.4xp.com/
  • Location:British Virgin Islands
  • Found in:2009
  • Regulation Authority:FSC (BVI)
Editorial Rating:
3.30
Accept US Traders:
No

4XP.com

4XP.com is a subsidiary of Forex Place Ltd and was first registered in the British Virgin Islands in 2009. Since then this online broker has entered the online marketplace and adopted two account currencies: Euros and US Dollars.

Combined with MetaTrader 4 and an interface that’s legible for Arabic, Chinese, French, English, Russian, Portuguese, Turkish, Italian and Spanish traders, 4XP has quickly gathered a number of awards since its inception.

Indeed, since 2009 this foreign exchange portal has won awards for its iPhone platform and, additionally, been named Best Broker by a number of industry authorities, including World Finance Magazine.

4XP completes its online FX platform with a commission-free structure that allows users to access the tightest spreads and healthiest trading conditions possible.

4XP.com’s Special FX:

The moment you enter 4XP’s virtual world you’re greeted with a banner which extols the virtues of the site’s training resources. Named Best Educational Services Provider at the 2013 World Finance Awards, 4XP has worked hard to develop a classroom environment in the online world.

Named the 4XP College, this broker’s tutorials are backed by live webinars in multiple languages, numerous e-books and articles, as well as a resources page that contains a list of handy tools, including: an economic calendar, world interest rates, mobile trading provisions and daily market reports.

If learning isn’t enough to entice traders through its virtual doors then a generous rewards program, including a 100% deposit bonus, will be. Beyond this a 30-day protected account scheme allows all new users to trade for one month risk free. Although it sounds too good to  be true, 4XP has made it possible for a trader can invest money on the Forex market for 30 days and not lose any of it. Moreover, any of the profits a trader makes will be theirs to keep.

The Essentials:

4XP.com has utilised MetaTrader 4 for all of its accounts but also offers the added option of Web Trader. Although MetaTrader 4 offers full web compatibility, Web Trader is offered as an alternative to clients who want a scaled down interface when trading through their browser.

Built around these two trading platforms are two main FX accounts:

Classic Account:
Minimum account size = $100
Minimum position size = 0.01 lot
Fixed spreads on major currency pairs from 3 pips.
Expert Advisors are allowed
Leverage = 1:300
Digits quoted after the comma = 4
Number of currency pairs available = 48 (including 20 exotics)

ECN Account:
Minimum account size = $100
Minimum position size = 0.01 lot
Variable spreads on major currency pairs from 0.6 pips with a minimum of 0.3 pips.
Commission charged at $3.50 per standard lot traded.
Scalping and Expert Advisors are allowed
Leverage = 1:150
Digits quoted after the comma = 4 or 5
Number of currency pairs available = 48 (including 20 exotics)

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