4XC, established in the Cook Islands in 2018, is a financial broker empowering traders to engage in various markets. 4XC provides access to MetaTrader 4 and MetaTrader 5 platforms, enabling users to trade on Windows, Mac, and the web. With account types like Standard, Pro, and VIP, 4XC caters to individual preferences and trading expertise. The platform supports over 390 financial instruments, ensuring negative balance protection to safeguard initial investments.
4XC Review: Discover the features, security measures, and services offered by 4XC, a prominent online trading platform. Dive into its regulations, account varieties, charges, and customer support to make well-informed decisions throughout your trading journey. The Traders Union specialists conduct a comprehensive analysis of the 4XC trading platform’s features and offerings in this 1xBet review 2024. They examine the platform’s account options, fees, trading features, educational resources, customer support, and the account opening process.
Is 4XC a Regulated Broker?
Yes, 4XC operates under the regulation of the Financial Supervisory Commission of the Cook Islands. Though not as widely recognized as the Financial Conduct Authority (FCA), the company adheres to strict financial regulations, backed by a £1 million Professional Indemnity insurance policy. Client funds are segregated for added investment security.
What is the Minimum Deposit for 4XC?
Minimum deposits vary by account type. The Standard account requires £50, Pro account £100, and VIP account a higher £10,000. These options cater to traders with different experience levels and financial capacities.
What is the Maximum Leverage in 4XC?
4XC provides leverage options up to 1:400, enabling traders to amplify positions in the market. Careful consideration of risk tolerance and trading strategy is crucial when using leverage.
Pros and Cons of Using 4XC
Pros
- Beginner-friendly trading conditions
- Low minimum deposit and high leverage
- Competitive spreads on Standard ECN account
- Comprehensive instructional resources
Cons
- Withdrawal transaction limit
- Insufficient FAQs section
- 4XC Account Types
Standard Account
The Standard Account features spreads starting at 1.0 pips, with a modest $50 minimum deposit. Maximum leverage is 1:500, and no trade commission is imposed. It accommodates a minimum lot size of 0.1 and supports various base currencies.
Pro Account
For traders seeking narrower spreads, the Pro Account offers rates starting from 0.0 pips, requiring a $100 minimum deposit. A $5 trade commission per round 1.0 Forex lot applies.
VIP Account
Tailored for high-volume traders, the VIP Account demands a substantial $10,000 minimum deposit, providing spreads from 0.0 pips. The trade commission is slightly lower at $4 per round 1.0 Forex lot, and this account allows a finer minimum lot size of 0.01.
Overnight swap fees apply, with the HokoCloud VPS service complimentary for maintaining a minimum balance of £5,000 and completing a trading volume of 4 round lot turns per month. Failure to meet these criteria results in a £20 fee per month.
4XC Withdrawal and Deposits
Deposits
Fees for depositing funds into your 4XC account range from 2% to 6%, depending on the method and deposited amount. Notably, credit/debit card transactions carry a 3% fee, while Neteller and Skrill transactions, exclusive to non-EU clients, have a 0% commission. Crypto wallet deposits have a minimum requirement of $50, with distinct commission rates between 2% and 6%.
Withdrawals
Withdrawal fees vary by method and withdrawn amount. Credit/debit card withdrawals attract a 0.50% commission, while most other methods charge between 2% and 3%. Fixed rates apply for methods like HokoCloud ($5) and crypto wallets ($20).
Inactivity
An account is considered inactive if it lacks trading activities for more than a month. Inactivity charges of $30 per month may apply without prior notice. Importantly, these charges won’t lead to a negative balance but are deducted directly.
4XC Regulation and Licensing
Operating as 4XC under Geomatrix Limited, a Cook Islands-based company, the broker falls under the regulation of the Financial Supervisory Commission of the Cook Islands. While not as prestigious as the FCA, 4XC takes measures to enhance client security.
4XC Safety and Security
4XCube protects clients despite regulatory discrepancies. With Simply Business’s £1 million Professional Indemnity insurance, client funds are protected. Clients are protected from business issues via segmentation. 4XCube protects retail investors from losing more than their initial investment with negative balance protection. Regular McMillan Woods audits promote openness and compliance.
4XC Trading Features
Experience hassle-free trading with 4XC’s MT4 Web platform. No downloads are required, offering convenience and accessibility. Trade across multiple asset classes, use various technical tools, and operate seamlessly on both PC and Mac systems.
MetaTrader 4 (MT4) Desktop
The fully customizable MT4 Desktop platform provides advanced charting, real-time quotes, and Expert Advisors integration for automated trading. Ideal for traders seeking a personalized and feature-rich experience.
MetaTrader 5 (MT5) Desktop
For enhanced trading possibilities, 4XC offers the MT5 Desktop platform with 21 timeframes, 44 analytical objects, and 80 built-in indicators. Empowering traders with comprehensive tools for technical analysis.
Advanced Trading Features
- Signal center: Access trading signals from in-house or third-party providers.
- Market alerts: Set customizable alerts for specific market conditions.
- Economic calendar: Stay informed about upcoming market-moving events.
- Trading signals: Focus on identifying entry and exit points with dedicated signals.
4XCube excels in providing diverse educational materials for varying skill levels: beginner, advanced, and expert. Access insightful trading guides, online courses, and platform videos within the interface.
Stay informed with financial news updates and Market Highlights TV, serving as a personalized trading news channel. Collaborate with partners like Alpha FX and Santo Trader for specialized trading education through academies.