BASIC INFORMATION
4X-trade is an offshore broker that aims to take your trading to the top. They claim to apply simple steps to buy bitcoins. They also promise traders a 10% bonus on the first deposit. However, do not be quick to invest with them yet, as they showcase so many red flags why you should not invest a single coin with them. They use MetaTrader 4, and apparently, this is the only positive factor regarding 4X-Trade. Hence as an expert trader would consider transparency a priority, you ought to follow similar steps to earn profits, dont you think. 4X- Trade is not a liable trading entity to invest a single coin of your hard-earned cash. Thus as you read this unprejudiced review on 4X-trade.com, you might have to reconsider any investment decisions you have with them
BUSINESS SCALE
4XTrade offers a variety of investment strategies from which to pick. However, there are no compelling reasons to pay extra for their services based on the obscurity they uncover. They offer up to five accounts; the basic minimum deposit is €250, and they provide daily briefings, video courses, and mobile platform access.
The advanced plan costs €5,000 and provides equivalent services to the basic plan. The only difference is that webinars and seminars are now available. Pro and Premium accounts allow you to trade up to €50,000 and receive personal customer service till you pay such amounts.
Deposit and Withdrawals
4XTrade allows a variety of payment methods, which you may use to locate your account. However, we strongly advise you to use credit/debit cards to register a chargeback up to 540 days following deposit. They accept Skrill, Neteller, and cryptocurrency payments. However, if you make a deposit using wire transfers or cryptocurrency, you may scarcely get your money back.
It is also not a good idea to invest your money with unknown persons. They do not provide a demo account for you to see how the program works before you deposit your money. The minimum deposit amount is €250.
4X TRADE TRADING SOFTWARE
On the main page of the website we see the claim that 4X Trade uses software called WebTrader, which is browser-based. This contradicts the description of the types of trading accounts where 4X Trade claims to provide desktop and mobile applications. We were unable to determine whether 4X Trade implements any type of trading software, as account registration, even on Demo account, requires a promo code.
4Xtrade Regulation Status
4XTrade does not fall under any regulator, and this only means that they are operating illegally. Furthermore, it is illegal in most countries for trading platforms to access funds from the public without adhering to regulation. Accordingly, regulated forex brokers showcase a high level of transparency, and you can find the legal regulation certificates and counter checks with the legal bodies.
On the other hand, unregulated brokers do not last for long in the market. They can barely afford to pay regulation fees, and they may also end up facing bankruptcy at any time. They can also break trading guidelines anyhow, and they are not bound to any guidelines. The entity feature a location address; Marshall Islands MH96960 though it turns out the location has been made up during our research.
2023-03-28 11:55
