3.7/10
(27 qualified reviews)
Disabled
Out of business
US Traders
  • Bonus offers
  • Free education
  • Managed accounts
  • Affiliate program
  • Islamic accounts available
  • Company Forex Place Ltd.
  • Founded in 2009
  • Offices in
    • British Virgin Islands
  • Payment options
    • Credit/debit cards
    • Neteller
    • Skrill
    • WebMoney
    • Wire transfer
  • Demo platforms
    • MetaTrader 4
  • Account currencies
    • Euro
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Website available in
    Show website languages Hide website languages
  • Support available in
    • English
  • Support methods
    • Email
    • Live chat
    • Phone
  • Trading server time zone GMT
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-Cancels-Other (OCO) orders
  • Browser-based platform
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 3
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:300
    • Gold & silver1:100
    • CFD1:100
    • Oil1:50
    • Stocks1:4
    • Indexes1:100
    • Soft commodities1:50
    • Metals1:100
    • Energies1:50
    • Bonds1:4
  • Trading platforms
    • MetaTrader 4
    • Web Trader (SerSart)
  • Digits after dot 4
  • Number of currency pairs (of which exotic) 48 (20)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • Automated trading
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.6
  • Minimum spread on EUR/USD, pips 0.3
  • Commission (one-way) per 1 std. lot $3.50
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:150
    • Gold & silver1:100
    • CFD1:100
    • Oil1:50
    • Stocks1:4
    • Indexes1:100
    • Soft commodities1:50
    • Metals1:100
    • Energies1:50
    • Bonds1:4
  • Trading platforms
    • MT4-ECN
  • Digits after dot 4 or 5
  • Number of currency pairs (of which exotic) 48 (20)
  • Minimum account size $10
  • Minimum position size 1 lot
  • Trading instruments
    • Binary options
  • Digits after dot 4 or 5
  • Number of currency pairs 9

Reviews

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

, Japan.

It's totally scam.

Be careful for this broker.

I traded for a while and tried to withdraw about 70000USD

but they refused and they explained like this.

They mentioned 300X leverege on their website,

but once I tried to withdraw, they say only 25X

is allowed and they will take profit over 25X.

Its ridiculous.

LETTER OF NOTIFICATION

Forex Place Investments & Trading | Support Room

Date: July 11, 2013

Name: ***

This is a formal letter of notification, in accordance with account No. ****, pertaining to

your trading performance in our company.

Forex Place is obligated to follow the client’s domestic regulation. Japanese regulations states

trading leverage cannot be more than 1:25.

As a part of our monitoring and observation we have found that you exceeded your lots

execution and breached that level of leverage, consequently forcing us to dismiss your profits

from these trades.

That being said, we believe you are a good client and a great trader.

We want you to keep on trading, so we will change your account leverage accourdingly to 1:25.

Moreover, we would like to offer you the profit of these trades as a “Goodwill Bonus”, which

you can earn upon lots execution.

Note, you can withdraw the residng balance at any point.

If you have any questions concerning this letter or the above-outlined action plan, please

feel free to discuss them with your account manager.

Sincerely,

, Palestine.

totaly scam , I am trying to withdraw my 2680 $ from my account since 2 months and they refuse and the money still in my account.

when I called them (at the beginning they were answering my phone but now no) a man called maimon ge said why you want withdraw your money , no I will not acccept this you should keep your money and trade with us.

so I decided to start oosting this problem to forums hope you can help

, Rajasthan.

HI MY NAME IS PRAMOD SANGWAN.I AM FROM RAJASTHAN .I WANT TO OPEN AN ACCOUNT IN 4XP.COM THATS WHY I CALLED THEM 18002081977 AND ASK THEM HOW TO OPEN ACCOUNT & WHAT IS THEM TEARMS AND CONDITIONS FOR DEPSOIT AND WITHRAWAL ..THEY TOLD ME THAT WE ARE PROVIDING 200% BONUS ON EVERY DEPOSIT WITH (NO PROFIT WITHRAWAL CONDITION) I ASK THEM TO EXPLAIN ME THIS CONDITION IN DETAILS ..MR. GAURAV JOSHI (ACCOUNT MANAGER)TOLD ME THAT IF YOU MAKE PROFIT YOU CAN NOT WITHRAW IT THIS IS THE WORST CONDITION I HAVE EVER SEEN IN MY LIFE .... AND ..MR. GAURAV JOSHI (ACCOUNT MANAGER)TOLD ME IF YOU CHOOSE 100% BONUS THAN YOU CANT WITHRAW MORE THAN 500USD PER MONTH ,THIS IS THE 2ND WORST CONDITION OF THIS COMPANY .AND DEPSOIT IN JUST 5MIN. BUT IF YOU WITHRAWAL THAN ITS TAKES 22 WORKING DAYS AND AND IF YOUR ACCOUNT MANAGER RESIGN FROM 4XP.COM THAN YOU CANT WITHRAWA YOUR FUND AND PROFIT . THIS COMPANY IS SCAM BE AWARE ..THEY ARE MARKET MAKER SO I YOU MAKE PROFIT THAN COMPANY HAS FACE LOSS SO THEY WANT CLIENT WHO DOES NOT MAKE PROFIT ...FAKE COMPANY .SCAM SCAM. MARKET MAKER..AND ALL MANAGER ARE LIER ..

, gujarat.

hello my name is amit agarwal from gujarat.i am working with this broker from last 6montth . now company has change them rules for profit withrawal .you cant withraw more than 500usd par month from your profit .this is the 1st company i have ever seen in forex industory who has profit withrawal limitations. this is the worst rule of this company . so its my kindly advice to all forex traders that be aware from this company becoz this company is change them profit withrawal rules every month . if you want to make huge profit from 4xp.com than contact me on my mail i have 1 trick from this trick you can make too much profit from 4xp.com .(amit7240@gmail.com)

, Gandhinagar, India.

i would like share a some stuff here abt 4xp that pls don't blame the company or write any negative comments in forums or elsewhere as i believe and admit here that 4xp is true and Legitimate in terms of service and withdrawal issues. it is true that it can take some time to resolve your issues specially client's withdrawals, but sooner or later it solvs at 4xp.com.

Whatever the people says...i like 4xp customer service and i will continue with them.

my account manager SOMANATH DAS, New Delhi branch really helps me with my account withdrawals and account balance transfer request at the right time.

Many Thanks....Cheers

, 4XP.

Dear F44,

My name is Jayden Hamilton and I’m the Senior 4XP Customer Support Manager.

First I would like to apologize for any inconvenience or difficulties you may have experienced.

. At 4XP, we appreciate our traders and do everything we can in order to assure they receive the best service possible.

In order to be able to better assist you, we require some more details, such as your account name and the nature of your query.

Please feel free to send your details to my private email address jayden.hamilton@4xp.com and I will personally assure your request is attended.

We are at your service anytime and look forward to receiving your reply soon.

Yours Sincerely,

Jayden Hamilton

, Ludhiana.

frm last 1 week i m tring to call 4xp office none of there contact num is working.. no live chat response no reply of mail totaly unexpected this going in 4xp can any one provide me there delhi head office address. or kindly contact me on +918872122000..all there website numbers are down.. kindly help me out..

, India.

Hi everyone my name is Gupta Parimal and I am having live account with 4xp and I have been trading with this broker since last 5 month

They have a very good customer support my account manager Bijendra Singha is very helpful always help me in trading and retention manager Somnath also very helpful.

I found this broker is very good for customer support whenever I drop a mail to my account manager he response quickly and try to solve the issue within a short period.

I am satisfied with the company customer service

Overall I found that it’s a good company.

, G'nagar, Gujarat.

Whatever the people says...i like 4xp customer service. it is true that it can take some time to resolve your issue, but sooner or later it solvs at 4xp.com.

my account manager Nishant really help me with the account withdrawal and account balance transfer request at the right time. Thanks

, India.

4XP is not a user friendly and absolutely cheat broking house.Service is poor,Call response poor,Withdrawal system worst and always fake committments.Never never never never work with 4XP..it is really a loosing money,reputation and social credibility with this broker.God save for those who are planning to work with this or working with this cheap broker.Management is c grade and highly irresponsible for the customers.Donate your money god will bless you instead of giving money to this cheap broker.Thanx for seeing my comments,

, lebanon.

mr jayden hamilton

i am in customer in your book , from end of november 2012.,

i get some trouble with your platform in the begining , i was open a small account just to try the way ! i was totally insatisfided, so i was ask my broker to close to me my account and send to me, the balance , this history from before new year , my broker told me that he will be in holiday for one week , i said no probleme when you comeback please send me the related balance of my account with all instructions what send him by mail , because of some reasons that i was changing my home adresse for some inconviniances, first the say !!!! that they send by tbc bank , totaly it was in a wrong name and wrong adresses, . first i can tell you in the begining when i was asking them who is your correspondant banking the told me barclays bank london.( my broker told me )i get confuse when i was asking them to send the money in a same way like i send .from barclays to my bank . and it like some games begin to be , my broker called me just to tell me after that he send by tbc bank .. if first i knew tbc bank i never maybe was accept to send you money . how i send send t me back !!!so after with long discussy with my broker and hin manager ,( who was quick to credit me 500 doll like bonus. who never get in reality !!! ) and when i was asking them to send me a copy of swift they send me internal paiement order . even with wrong details

when i take this internal paiement to my bank , they told me we need swift not internal order . after recalling money who they suppose to say they send ,and this operation was in date of 15/2/2013. till today i dont receive my balance of funds even i was talk to them too many times , and now i believe they dont answer me at all . how it is possible to play with customer ? like this , or you are a respectable company who serve clients , or i dont know what to say !!! even now i receive my payonner cards they can easy like . manager told me credit my payonner cards in a moments , so please i will like you to check and inform me about the sort of my balance who stay from beging of january , nobody knows where! with my best regards to you i hope i will get some answer .

, France.

This broker doesn't answer to my questions, and when I want to withdraw there 's a problem in the website...

, Pune, India.

To 4XP future Traders,

I have posted my review about the company a week ago on this site However now I apologies for my negative words about the company which I said earlier without listening anything from 4XP side... I was impatient as I lost all the money so wrote something really bad and posted online..

My issue has been resolved now and my trades started again.. I love to do trading with 4XP MetaTrader4. It is very user friendly.

I believe and hope I will make lot of money with 4XP company...

Thanks again for all the Help to 4XP...

Cheers,

Mahesh

, Pune, India.

I do not understand 4XP company.

I have started trading with 4XP and initially first 4 months was really good and I invested about an $18000 USD, however I have made around $35000 USD with using my investment and trading skills at the same time there were 2 big size trades opened and I was stuck with them. on 31st December 4XP team have deleted my account with $35000 USD balance but the good thing is when I complained to 4XP Trading manager @ Banglore, India who works for Vinayaka PreSales Private Limited, this is the company to whom 4XP outsource the sales leads.

Now after my complaint about deletion of my account they have restored it with $35000 USD after a week.. again I started trading and the same thing repeated by them after 1 week my account deleted with $19000 USD balance (I have closed some trades in loss) that’s why it came to $19000 USD from $35000....

I am completely disagree with dealing room about the reason they have given about my deletion of my account. As I can see in my account I have successfully initiated the last trade of 2 lots of Gold. However my account should not deleted when I have same positions with same lots size. The 2nd trade you are labeled as “STOPOUT” is not closed by me it was closed automatically as just before it happened. I hope you are getting me. Also I was maintaining enough equity which should not be a reason of account deletion.

However I am just expecting my account should be recovered as soon as possible from your side. As you know I can not afford a loss of $19000 USD which I deposited till now.

I have sent more than 10 email to 4XP customer support team (customersupport@4xp.com) but I have not get any response till date, so I decided to put my story on online forums and I am starting with this site.

I believe now they will respond me…

--

Regards,

Mahesh

, india.

i had a review on Jan 9 2013 regarding deactivation of my Account...bt end of days, my problem has fully resolved by the company and my account is now activated...so now m fully satisfied wid company and its Employees behaviour.. I have no complaints against 4xp anymore. The matter is settled now.thanks to 4xp.......

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.