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The WikiFX Score of this broker is reduced because of too many complaints!

4xHub

Malaysia|2-5 years|
Straight Through Processing(STP)|Suspicious Scope of Business|High potential risk|

https://www.4xhub.com/

Website

Rating Index

Contact

+60 154 600 0759
info@4xhub.com
https://www.4xhub.com/
Suite No. 17 Skyward Business Centre, Brumby House,1st Floor,Lot U0207, U0208 & U0210, Jalan Bahasa, 87000 Federal Territory of Labuan Malaysia
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+60 154 600 0759

English

+60 154 600 0770

Broker Information

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Company Name

4xHub Limited

Company Abbreviation

4xHub

Platform registered country and region

Malaysia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-26
  • The number of the complaints received by WikiFX have reached 26 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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    4xHub · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    4xHub Review Summary in 10 Points
    Founded N/A
    Registered Country/Region Malaysia
    Regulation LFSA
    Market Instruments forex & CFDs on indices, commodities and cryptocurrencies
    Demo Account Available
    Leverage 1:100
    EUR/USD Spread From 0.8 pips (Classic)
    Trading Platforms MT4
    Minimum Deposit $100
    Customer Support 24/5 live chat, phone, email, online messaging

    What is 4xHub?

    4xHub is a company duly incorporated in Labuan (Malaysia) with company number LL16731, concentrating on providing FX focused products. It is authorized and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under license number MB/20/0055. It provides investors with access to a range of financial instruments, including currencies, indices, commodities, and cryptocurrencies through the MT4 platform.

    4xHub's home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    4xHub offers several advantages, including regulation by the Labuan Financial Services Authority, a wide range of financial instruments and competitive spreads, the availability of multiple trading platforms and transparent fee structure.

    However, there are some potential drawbacks to consider. Reports of issues with withdrawals may raise concerns about the reliability of the platform, and the minimum deposit requirements for certain account types may be relatively high for some traders.

    Pros Cons
    • Regulated by LFSA • Reports of issues with withdrawals
    • Wide range of financial instruments • Minimum deposit requirements for certain account types are relatively high
    • Competitive spreads and commissions • Limited trading tools and educational resources
    • MT4 supported • Lack of clarity regarding the specific deposit and withdrawal methods
    • No fees for deposits or withdrawals
    • 24/5 customer support

    4xHub Alternative Brokers

      There are many alternative brokers to 4xHub depending on the specific needs and preferences of the trader. Some popular options include:

      • TD Ameritrade - A reputable brokerage with a wide range of investment products and robust trading tools, suitable for both beginner and advanced traders.

      • NAGA - A social trading platform that combines trading, investing, and social networking, providing a unique experience for traders looking to connect and learn from others.

      • Hirose Financial - A global forex broker offering competitive spreads, multiple trading platforms, and a range of educational resources, suitable for traders seeking diverse trading opportunities in the forex market.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is 4xHub Safe or Scam?

    4xHub is regulated by the Labuan Financial Services Authority (LFSA) and states that client funds are held in segregated accounts. This regulatory oversight and segregation of client funds can provide a certain level of protection for traders. However, it is always recommended to conduct thorough research, read reviews, and consider other factors such as trading conditions, customer feedback, and overall reputation before deciding to trade with any broker.

    Market Instruments

    4xHub offers a diverse range of market instruments to its investors. These instruments include forex, which allows traders to participate in the global currency market and trade major, minor, and exotic currency pairs. Additionally, 4xHub provides CFDs (Contracts for Difference) on various indices, enabling investors to speculate on the performance of major stock market indices such as the S&P 500, FTSE 100, and DAX 30.

    Traders can also access CFDs on commodities like gold, silver, oil, and natural gas, allowing them to take advantage of price movements in these popular commodities. Furthermore, 4xHub offers CFDs on cryptocurrencies, enabling investors to trade digital currencies like Bitcoin, Ethereum, and Litecoin.

    By providing access to a wide range of market instruments, 4xHub aims to cater to the diverse trading preferences of its clients and provide them with opportunities to capitalize on various financial markets.

    Accounts

    4xHub provides investors with three different account types to cater to varying trading needs and preferences. The Classic account is designed for all type of traders and requires a minimum deposit of $/€/£100. For professional traders or those seeking enhanced trading conditions, the Professional account is available. with a minimum deposit requirement of $/€/£2,000. The VIP account is designed for seasonal experts who require premium trading conditions and personalized services. It requires a minimum deposit of $/€/£50,000.

    Accounts

    All three account types come with the option of opening a demo account, allowing traders to practice their strategies and familiarize themselves with the trading platform before committing real funds. By offering multiple account types, 4xHub aims to accommodate traders of different experience levels and investment sizes, providing them with flexibility and options to suit their specific trading requirements.

    Leverage

    The maximum leverage for all trading accounts is up to 1:100. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:100, traders can potentially amplify their trading positions by 100 times the amount of their invested capital.

    Leverage can be a double-edged sword, as it magnifies both potential profits and losses. While higher leverage offers the opportunity for greater returns, it also increases the level of risk involved in trading. Traders should exercise caution and ensure they have a thorough understanding of leverage and risk management strategies before utilizing higher leverage ratios.

    Spreads & Commissions

    4xHub offers competitive spreads and commissions across its different account types. The spread is the difference between the buying and selling price of a financial instrument, and it represents the cost of trading for traders. The Classic account at 4xHub has a starting spread of 0.8 pips, which is relatively tight and can be appealing to traders looking for cost-effective trading.

    For the Professional and VIP accounts, 4xHub provides even tighter spreads. The Professional account offers spreads starting from 0.0 pips, indicating the potential for highly competitive pricing on trades. Similarly, the VIP account boasts spreads from 0.0 pips, providing traders with access to some of the most competitive pricing available.

    In terms of commissions, the Classic account does not charge any commission per lot per side. This can be advantageous for traders who prefer a commission-free trading structure. However, the Professional and VIP accounts have commission fees associated with them. The Professional account charges $2 per lot per side, while the VIP account charges $1 per lot per side.

    Commissions

    Trading Platforms

    4xHub provides traders with the popular and widely used MetaTrader 4 (MT4) platform for Android, iPhone/iPad, and Mac devices. MT4 is a powerful and feature-rich trading platform known for its user-friendly interface and extensive functionality.

    With the MT4 platform, traders can access a wide range of financial instruments offered by 4xHub, including forex, indices, commodities, and cryptocurrencies. The platform allows for real-time price monitoring, advanced charting tools, and a variety of technical indicators, enabling traders to analyze the markets and make informed trading decisions.

    The mobile versions of MT4 for Android and iPhone/iPad offer traders the flexibility to trade on the go. These mobile platforms provide access to the same features and capabilities as the desktop version, allowing traders to monitor their positions, execute trades, and manage their accounts from anywhere at any time.

    For Mac users, 4xHub offers the MT4 platform specifically designed for Mac devices. This platform is optimized for seamless performance on Mac computers, providing traders with a reliable and intuitive trading experience.

    In addition to its robust features, the MT4 platform offered by 4xHub is known for its security and stability. Traders can rest assured that their personal information and trading activities are protected by advanced encryption and security protocols.

    MT4

    Overall, the trading platforms provided by 4xHub through MT4 for Android, iPhone/iPad, and Mac devices offer traders a comprehensive and convenient trading experience. Whether trading from a desktop computer or on the go with a mobile device, traders can access the markets, execute trades, and manage their accounts with ease and confidence.

    See the trading platform comparison table below:

    Broker Trading Platform
    4xHub MetaTrader 4
    TD Ameritrade thinkorswim
    NAGA NAGA Trader
    Hirose Financial LION Trader

    Deposits & Withdrawals

    4xHub provides traders with a range of convenient and popular payment options for both deposits and withdrawals. Traders can fund their accounts using methods such as bank wire transfers and credit/debit cards. These payment options offer flexibility and accessibility to traders, allowing them to choose the method that suits them best.

    One of the notable advantages of 4xHub is that they do not charge any additional fees for deposits or withdrawals. This means that traders can transact without worrying about incurring extra costs. However, it's worth noting that fees imposed by the respective banks or payment processors may still apply.

    When it comes to withdrawals, 4xHub ensures a prompt processing time. The cut-off time for same-day processing of wire transfers is 12:00 AEST, and for credit/debit card withdrawals, it is 14:00 AEST. Withdrawal requests submitted after these cut-off times will be processed on the following business day. Note that the actual time it takes for the funds to reach the trader's credit card may vary. Generally, credit/debit card withdrawals may take 3-5 business days, but occasionally, it may take up to 10 business days, depending on the receiving bank.

    4xHub minimum deposit vs other brokers

    4xHub Most other
    Minimum Deposit $100 $100

    See the deposit/withdrawal fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    4xHub None None
    TD Ameritrade None $0.00 per withdrawal (ACH) <br> $25 per wire transfer
    NAGA None Varies depending on the payment method and country
    Hirose Financial None Varies depending on the payment method and country

    Please note that deposit and withdrawal fees may vary depending on various factors such as the payment method used, account type, and country of residence. The fees provided in the table are general indications, and it's recommended to check the respective broker's website or contact their customer support for the most up-to-date and accurate information regarding deposit and withdrawal fees.

    Customer Service

    4xHub offers 24/5 customer service via live chat, online messaging, phone: +61 (0) 288 665 300, and email: info@4xhub.com options ensures that traders can choose the communication method that suits them best. Office address: LOT 7616, KENSINGTON GARDENS, JALAN JUMIDAR BUYONG, LABUAN FT 87000, MALAYSIA.

    Customer Service
    online messaging

    Overall, 4xHub's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • 24/5 customer service availability • No 24/7 customer support
    • Phone and email support • No FAQ section
    • Office address openly provided • No social media presence

    Note: These pros and cons are subjective and may vary depending on the individual's experience with 4xHub's customer service.

    User Exposure on WikiFX

    On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    In conclusion, 4xHub is a regulated brokerage offering a diverse range of financial instruments and competitive spreads. With its regulation by the Labuan Financial Services Authority, it provides a level of credibility and client protection. The availability of multiple trading platforms and transparent fee structure are notable advantages for traders.

    However, it is important to be aware of the reports of issues with withdrawals, which may raise concerns about the reliability of the platform. Additionally, the minimum deposit requirements for certain account types may be relatively high for some traders.

    As with any investment decision, it is crucial to conduct thorough research and carefully consider the risks involved. Traders should evaluate their own needs and preferences before engaging with 4xHub or any other brokerage. Seeking independent financial advice and maintaining a cautious approach are important steps to ensure a safe and informed trading experience.

    Frequently Asked Questions (FAQs)

    Q 1: Is 4xHub regulated?
    A 1: Yes. It is regulated by Labuan Financial Services Authority (LFSA, License No. MB/20/0055).
    Q 2: Does 4xHub offer demo accounts?
    A 2: Yes.
    Q 3: Does 4xHub offer the industry leading MT4 & MT5?
    A 3: Yes. It supports MT4.
    Q 4: What is the minimum deposit for 4xHub?
    A 4: The minimum initial deposit to open an account is $100.
    Q 5: Is 4xHub a good broker for beginners?
    A 5: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

    News

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    2023-04-23 17:08

    In today’s article, we are going to talk about a broker called 4xHub. Is 4xHub trustworthy?

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    2023-04-23 17:08
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      WikiFX Review: Is 4xHub trustworthy?
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    User Reviews

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    User comment

    18

    Comments

    Write a review

    lee97479
    more than one year
    4xHub has been quite the find. Easy setup, smooth MT5 platform, and great spreads. Trading conditions impressed me - no slippage and reasonable swap rates. Yet to check withdrawal speed. Points for customer support - super responsive!
    2024-04-19 12:07
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    0
    0
    CharlesFX66
    0-3months
    I was definitely a little skeptical getting into this but have been really satisfied with 4XHUB. The support they give with any problem is instantaneous making the process really easy. The results don't deliver something that will make you rich straight away but monthly deliver most banks annual rate of interest. Unexpectedly good and easy to use platform!
    2024-04-16 12:00
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    0
    0
    Bullrider
    0-3months
    Having worked as an IB with 4xhub, I've found their platform to be reliable and user-friendly. The support from their team has been excellent, and I've received positive feedback from clients regarding their trading experience with 4xhub.
    2024-02-28 14:29
    Reply
    0
    0
    sniperentry829
    0-3months
    I've been trading with them for six months and I'm quite satisfied. Customer support is responsive, and I haven't encountered any major issues with spreads or withdrawals. Overall, I confidently recommend to anyone looking for a trustworthy forex broker.
    2024-02-28 14:23
    Reply
    0
    0
    littlephoenix
    3-6months
    "A Comprehensive Review of 4xHub: Unraveling the Potential of this Forex Broker" Rating: ⭐⭐⭐⭐ Introduction: As a seasoned trader in the forex market, I recently had the opportunity to explore 4xHub, a relatively new player in the forex broker industry. This review aims to provide a comprehensive overview of my experience with 4xHub, covering key aspects such as trading platform, customer service, fees, and overall reliability. Trading Platform (⭐⭐⭐⭐): One of the standout features of 4xHub is its user-friendly trading platform. The interface is intuitive, making it easy for both beginners and experienced traders to navigate. The platform offers a variety of technical analysis tools, real-time market data, and customizable charting options. I found the execution speed to be impressive, with minimal latency even during peak trading hours. Asset Variety (⭐⭐⭐⭐): 4xHub provides a diverse range of tradable assets, including major and minor currency pairs, commodities, indices. This extensive selection allows traders to diversify their portfolios and explore different market opportunities. Customer Service (⭐⭐⭐⭐): The customer service at 4xHub is commendable. I had a few inquiries, and the support team was responsive and knowledgeable. They offer support through live chat, email, and phone, ensuring that assistance is readily available. Moreover, the broker provides educational resources, which can be beneficial for traders looking to enhance their s
    2024-01-23 10:44
    Reply
    0
    0
    可人
    more than one year
    Liar company, pay me back my hard-earned money
    2022-12-19 19:41
    Reply
    0
    0
    追风筝的人64956
    more than one year
    To be nice I give it one star. This company is a nice scam. Your odds are better by buying lottery tickets. You will not find a positive review. Don’t waste your time!
    2022-12-11 10:35
    Reply
    0
    1
    超强辅助
    more than one year
    too slow
    2022-12-07 17:19
    Reply
    0
    0
    FX1111417435
    more than one year
    I used this broker one years ago, i have to say that its customer support sucks, they cannot even get what are you talking about. Stupid support staff made me lose $3,000.
    2022-12-06 15:18
    Reply
    0
    0
    笑看人生23714
    more than one year
    I want to know if calling the police is useful? It's better to go to the police together, at least to send the superiors in.
    2022-11-21 18:06
    Reply
    0
    2
    笑看人生23714
    more than one year
    I want to ask what supervision is for, if something goes wrong, you don’t come out to speak
    2022-11-21 13:00
    Reply
    0
    1
    无悔63758
    more than one year
    The last time was the last time, the time is different
    2022-11-04 13:20
    Reply
    0
    2
    招IB 个人交易者
    more than one year
    NO
    2022-10-21 14:04
    Reply
    0
    0
    招IB 个人交易者
    more than one year
    come here
    2022-10-21 14:02
    Reply
    0
    0
    c陈静
    more than one year
    From the time the old man was tricked in, he told her that it was a scam. Eat a cut, grow a wiser, the hateful thing is to go online
    2022-09-21 18:02
    Reply
    0
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