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4XP — Forex Broker

Advantages

  • ECN broker.
  • MetaTrader 4 platform.
  • Browser-based platform.
  • Trading bonuses.
  • Forex trading education.
  • Islamic trading accounts are available.

Disadvantages:

  • Spreads are relatively high on non-ECN accounts.

  See 4XP reviews

5.1/10 (86 votes)
Company Forex Place Ltd.
On-line since 2009
Country British Virgin Islands
Payment options Credit card, wire transfer, Liberty Reserve, Moneybookers, Neteller, EcoCard, WebMoney and PayPal
Minimum account size $100
Minimum position size 0.01 lot
Leverage 1:300
Categories
Spread 3 pips on EUR/USD
Regulation

Unregulated

Click here to open an account with 4XP

Reviews 

26 reviews of 4XP are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Roland from South Africa.
Sunday, February 5, 2012

I asked for a demo account to test the response time . It is unsual to have to ask for a demo account as online registration is the norm . I was contacted by a sales rep . I was told that the rep could not help with a demo account but if I was willing to deposit he would double the amount . I deposited 100$ . The amount is in my trading account and I have proof of the deposit . I soon realised all was not well as all the information supplied to me by the rep were false . The min position size is 0.1 unlike the 0.01 advertised on this site . I asked for a withdrawal online . They have a 35$ withdrawal fee . I have not argued this but it was not what the rep had told me . I have not received any amount . I have not traded just would like the ballance . I emailed the rep Sean but he never responded to any emails .

  A.Molino from Italy.
Friday, February 3, 2012

4xp.com is scam. 100% confirmed. I fund my account with 100€ and still waiting for them.

  Karn from Estonia.
Wednesday, November 23, 2011

hello to you my forex friends i want to start trading is anyone can tell about 4xp and maybe another company?

  blaik from luxembourg.
Tuesday, November 15, 2011

I reviewed many companies before 4xp but i decided to join her. in the first month i paid them but in the second monh i started to make some money. very nice company

  rakesh from india.
Wednesday, July 27, 2011

i cant trade with this broker coz every time i tried to trade it shows disabled, there is no response from thr

  4XP Rep from London, UK.
Monday, May 23, 2011

Dear Isiaka Abidoye,

My name is Jayden, I represent 4XP on forums.

Could you please provide me with your account number as well as any other relevant information to customersupport@4xp.com so that i can solve this problem for you?

thanks!

  Isiaka Abidoye from Nigeria.
Sunday, December 12, 2010

Having lost my initial $100 with them, I learned a new trading strategy which I did not want to demo trade, I decided to trade live with small amount of money, so I transfered $11 from Liberty a/c to 4XP Liberty a/c to my surprise the money is yet to be credited to my account since April 28th this year,this was after I had earlier transfered $2.5 via the same medium i.e. Liberty Reserve. I have sent so many emails to them without any meaningful response.

Although, somebody called me via phone when he saw my complaint and I explained to him and he promised they would credit my account with the amount but since that day they never did so.

The total amount 4XP is owing me now is $13.5. This has discouraged me to use them again. I can only go back to use them as my broker if the token money is credited to my a/c.

  Ramneet from India.
Saturday, December 11, 2010

Dear Alex (USA)

Since you are not quite conversant with 4xp statements and their implied meanings, you are confused. For your convenience , I have provided the meanings( to the best of my knowledge) for various words and phrases they use: You won’t find them in any dictionary, though.

1.’ Thanks for your quick response’ : We never expected you to ask for your money so soon. We are shocked.

2. Decided to delete your trades: we are used to traders losing money. we dont encourage guys making profits. Accordingly, your trades are deleted.

3. Result of arbitrage: Result of arbitrary decision vested with 4xp.

4. This will suffice: No more arguments. Shut all your nine holes and keep quiet.

5. Trying to solve: Trying the client’s patience.

6. Going an extra mile : This happens when you ask for your money when they go an extra mile in the opposite direction. If you persist, they will cover more miles.

7. Accounts Manager: Accounts Damager.

  Alex from USA.
Tuesday, December 7, 2010

4xp.com - SCAM.

I had a bad experience with 4xp.com. I was trading with them about three months and made a good profit. After that I got e-mail from 4xp.com.

It says : ``Thanks for your quick response. We have decided to delete your trades as a result of arbitrage. I hope that this will suffice.``

I asked them to explain what they mean under ``result of arbitrage`` but they did not reply. I traded just one currency pair most of the time. Now I can see that 4xp.com people do not like if someone can get profit. My profit was about $ 3200 and they decided to delete those money.

  Ramneet from India.
Saturday, October 23, 2010

I joined 4xp through their Indian branch, CMO AXIS, six months back. CMO AXIS ( 4xp india) has no professional management and they could not care less for clients support and guidance. My deposits were directly accepted by 4xp on internet and I was allowed to trade. Suddenly I found my account disabled and on inquiry they wanted my scanned copies of payments! How did they accept my payments and allowed me to trade then? Frustrated with their wilful cheating, I closed my account with a withdrawal. Now my money is not returned and all sorts of lies/lame excuses are offered by CMO AXIS. 4xp head office does not bother. I feel that both of them loot clients funds, in addition to trading against them and loot their money! Both 4xp and CMO AXIS ( 4xp India) are great cheats. Never ever join 4xp! You will lose your money even before you trade!

  Emma T Rahman from USA.
Tuesday, September 21, 2010

well, i had my account since 1 year with them, i lost some money because of my own mistakes..... fortunately i made some profits in the last 3 months, and i withdrew 5000$ and 6500$ , they took about 6 and 9 days to arrive, but they were following up with me to make sure the money arrived. so far, i think they were honest with me.

  Michael Hayes from Ireland.
Sunday, August 8, 2010

Hi Jayden, its great to see that there is someone to turn to if I have any issues.

I started trading with 4xp around 2 months ago. My contact Mark Webber has been very helpful answering all the questions that I had. I received a pretty generous bonus on my deposit. The spreads are good. I haven't had a chance to withdraw money yet but I will be sure to let you know how their withdraw process is handled.

  Jayden Hamilton, 4xp Rep. from UK.
Thursday, July 29, 2010

I would like to introduce myself. My name is Jayden Hamilton. I am the official 4xp(Forex Place) representative for the English speaking market.

I will be the point of contact for any comments, complaints or suggestions regarding 4xp (forex place) that will be posted here.

I will do my best to respond to all posts regarding 4xp that appear on your forum in the most professional manner.

I can also be contacted by email using the below email address:

customersupport@4xp.com

Please feel free to contact me if you have any issues or comments

  Chloe from Germany.
Tuesday, July 27, 2010

Hello All,

I have been trading forex with a few brokers for about 2 years now including 4xp (Forex Place) for about 6 months now. I definitely think that they have a few pros and cons that need to be taken into consideration. At the beginning when I wanted to withdraw it took a while but the process is slowly improving. The support take a bit long to answer the live chat. 1 thing that I was very fond of in the beginning that they provide a 100% back on your deposit after the 1st month. If anybody has any other info about them please let me know.

  razvan from Romania.
Wednesday, February 24, 2010

happy with thie service so far, great company

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