We have not been able to confirm what is happening with the client funds that are still being held by 4xp, and we highly recommend that no traders use this Forex broker until further notice. Around since , the company has yet to be regulated, which is something that we find entirely troublesome, and should serve as a 'red flag' for anyone looking for a truly honest and reliable Forex broker. Nevertheless, 4xp clearly invests time and money on your first impression when accessing their website.
It is clean, fast, straight forward, visually appealing, and simple to use. It is available in 10 languages, so people from around the world can benefit from its ease of use. They offer all the basic and common services offered by many other Forex brokers, including webinars, one-on-one coaching and a very clear stepping-stone for beginners.
MetaTrader4 Multilingual Languages available: When it comes to depositing money, there is no reason Forex brokers should not make this process easy for the trader, unless of course they do not want your money. Well, 4XP enables you to deposit money in every possible way, including some options most people have never even heard of, including: The only option that seems to be missing is PayPal, but with so many different payment methods to choose from, any trader can find their own preference with 4XP.
While most brokers make the deposit process relatively easy, it is not a rare occurrence for brokers to make the withdrawal process a painful one.
Not surprisingly, it offers the MetaTrader 4 and 5; an industry standard leading platform that is popular for traders at all levels. Both platforms are extremely easy to access and use, however some prefer the webtrader, as there is no necessary download, you just enter your username and password and off you go! In addition, 4XP offers a mobile trading platform enabling you to trade on the go on almost any web-enabled mobile device iPhone, Android, Blackberry.
This is a huge advantage, as the mobile industry is a billion dollar arena and it shows no signs of weakening any time soon. The fact that Forex Place offers a mobile platform is an indication that they really do strive to be a top Forex broker, and not just another one to add to the long list. Forex Place supports Forex trading of over 50 different pairs, with the typical spread of the majors being 3 pips, and with many promotions that include up to 1 pip on all majors! Their spreads are also fixed and not dependent on anything.
Another aspect in which Forex Place stands out is their leverage. It is not the highest you have ever encountered, but Without getting into the debate regarding high leverage that is for the trader to decide and not the brokers, so offering the option is always a good initiative on the part of the broker. As with any forex broker, we seem to be always looking for the catch.
I was sure that they may charge high commission or some sort of hidden fees. So when it became apparent that Forex Place charges no commission or fees of any kind, not on deposit, not on withdrawal, and not during trading- you could say I was pleasantly surprised!
Contrary to many other brokers, the company does not focus solely on getting your money; they spend a lot of resources on educating traders as well. They offer an entire platform of educational courses, as well as live training. In addition, 4XP offers daily market analysis, an economic calendar, and what they refer to as a Live Dealing Room. This is for all intents and purposes a forum-like experience in which you can ask questions and offer solutions, while communicating with other Forex experts and traders.
Throughout our 4XP review, we were impressed with the service. I received my money on October 12th. Exactly10 days after I requested the closure of my account. They kept their word. I would recommend this broker to anybody. Today October 2nd I was contacted by Mr. Barilla who checked my withdrawal form and assured me that my account will be closed and the balance transferred to my bank account by the end of the week.
So far so good. A couple of months ago I opened a trading account with 4XP. I funded the account with a bank transfer and after 3 days I was ready to trade. I found the staff to be very friendly and professional. My account manager Jacky Barilla has always been in contact with me and always willing to give some help.
I realized though that trading was not for me, so yesterday dXXX I decided to close my account and withdraw all my funds. I heard some bad stories about withdrawal procedures being somehow too lengthy and painful with this broker. Barilla said it should take 7 days to have my money back to my bank account, let's hope for the best!!
I will keep you guys updated. Igor - I've been using 4xp for quite some time, and have been quite satisfied with their service. I've been able to withdraw relatively quickly my last broker took about 10 days! I'm pretty sure any losses are my fault, not theirs.
But I'm working on it. I am sorry to hear about your experience with 4XP and I would like to help solve the issue and make sure that it will not happen again. Please send me further details of your complaint and your account number to customersupport 4xp. Thank you, best regards, Jayden. Hi, firstly, withdraw is subject to 35 dollar fee which is quite expensive!! Secondly, I sent my documents a month ago.
Then the account manager is quite ok since he follows up with my document. However, he only created the withdraw after I chase a few times 2 weeks ago. So far I haven't seen my money back. My account manager disappeared, not sure if he is on holiday or deliberately not replying my emails.
When I called the customer service, they just say that they will contact my account manager whose whereabout is unknown O'right, I must say i could probably got scammed.
I only made USD profit, and it's so hard to get my money out. I will follow up here If I don't get my money out soon, I surely will file a complaint. And of course, warn people to stay away from 4XP!!!!!!!!!! I like the site, and it's easy to use. I had a tech problem with the withdrawal and talked to customer service and they were prompt and efficient.
I'm enjoying my trading experience with this company and the variety of currencies and ease of use of the site.
Keep up good work. I hav god with 4XP. Somtims I lose and win but not of compny. First of all, I'd like to thank you for using 4xp. I'd also like to learn more about the specific issues you've had with 4XP so that i can solve them for you. Dear Alex Since you are not quite conversant with 4xp statements and their implied meanings, you are confused. For your convenience , I have provided the meanings for various words and phrases they use: We never expected you to ask for your money so soon.
Decided to delete your trades: Accordingly, your trades are deleted. Result of arbitrary decision vested with 4xp. Shut all your nine holes and keep quiet. 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. Head of the house and silent spectator.
I had a bad experience with 4xp. I was trading with them about three months and made a good profit. After that I got e-mail from 4xp. We have decided to delete your trades as a result of arbitrage. I hope that this will suffice.
I traded just one currency pair most of the time. Now I can see that 4xp. I try new broker called 4XP. I have been with this broker for 2 month now.
Great service, good spreads and a good bonus on my deposit. No complaint so far. My experience so far with Forex Place has been a good one. My account manager Joelle has been very helpful with the explanations about forex place. The spreads seem good and I received a nice bonus on my first deposit.
So far, so good. 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.More...