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  • Available to non-U.S. customers only.
  • FMRRC Regulation REVOKED 10/11/2013
  • All the major currency pairs, metals, oil and gas, indices and shares of major companies are available for spot trading.
  • 24/6 Customer Support

 

Broker Info
Company Name: Forex Place Ltd
Website: www.4xp.com
Regulation: FMRRC REVOKED 10/11/2013
Country: BVI
Year established: 2009
Broker Services
Min deposit: $100
EURUSD spread: 1-3 pips
Funding methods: Wire Transfer, credit card, Web Money & Liberty Reserve
Platform Info
Dealing desk: Yes
Trading platform: MetaTrader4
Mobile trading: Yes
Web based: Yes

4XP Review

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ALERT

ForexFraud.com recommends you proceed with caution if choosing 4XP as your broker. The following is from the FMRRC Administration:

We would like to inform you that due to the actions that contravene the Statute and the Center’s Rules and Regulations as well as those that inflict damage to FMRRC, the FMRRC Committee for Standardization and Certification decided to revoke the Certificate of compliance from the Forex Place Ltd brokerage company.

11.10.2013 Forex Place Ltd was divested of the FMRRC Certificate due to poor provision of brokerage services and improper performance of its obligations.

The decision was made by the highest managerial body of the regulating organization – the FMRRC Board.

Best regards,

FMRRC Administration

History

4xp.com is a forex broker registered in the British Virgin Islands. The firm, which was founded by a group of  traders with a diversified portfolio of investments and experience according to in formation at the broker`s website,  does not accept U.S.-based clients.

Features

4xp.com touts standard spreads, an exceedingly competitive, and aggressive sales team, and a multilingual, highly-qualified customer support staff.

Basic daily market analysis by Trade Central, calendars, on top of an online forex guide with eight sections, covering in some detail the various aspects of analysis and trading, summarize the educational wealth of this broker`s website.

Spreads and Leverage

The average spreads of EURUSD fluctuate around 3 pips at ordinary market hours. Maximum leverage, on the other hand, is as high as it gets, fixed at 300:1.

Platform

MetaTrader 4, the beta version of MetaTrader 5, MetaWeb, on top of the firm`s own software package which includes 4XP Options, 4XP AutoTrading, 4XPHONE, and a mobile platform for the iPhone constitute the opulence that 4xp.com offers its clients.

Major, and minor currency pairs, oil and gas, indices, as well as the stocks of major public companies can be traded, and options trading on some of these assets is available too.

Deposits and Withdrawals

4xp.com states that deposits and withdrawals are easy, and more information can be obtained at the firm`s website. Visa, DinersClub, MasterCard, Payoneer, and other major credit cards are welcome, along with NeTeller, Moneybooker.com, Liberty Reserve, and WebMoney deposits. Bank wires are facilitated, too.

As required by law, identification documents need to be faxed to the broker before trading commences and deposits can be made. Similar documentation is necessary whenever the client makes a withdrawal request.

Initial deposit requirement is $100. With this amount you can make one trade at 100:1 leverage, with a minimum lot of $10000.

Customer Support
Customer support is paramount to 4XP and they show this by providing multi lingual support available 24 hours a day, six days a week.

 

Conclusion
Due to the removal of FMRRC certification we recommend proceeding with caution if choosing 4XP as your broker.

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