4XP

4XP Review

4XP (also known as Forex Place) is a Forex brokerage operated by Mika Holdings Inc., a corporation located in the British Virgin Islands. Even a cursory glance will indicate that 4XP is one of the most diverse Forex brokers on the web. With standard Forex trading platforms (aka market makers), ECN trading capabilities and its own binary options platform, this broker seems to have something for everyone. 

Traders worried about the security of their funds can rest assured that 4XP deposits their money at Commberzbank in Frankfurt, and that support is available 24 hours a day from Sunday through Friday, in case any problems arise. 4XP reviews all of their services in a clear, comprehensive manner on their website, giving each trader a good idea of what to expect before the initial deposit. For new traders, this broker also offers a useful Forex education center that covers most of the basics you’ll need to get started.

Established in: 2007

Languages: English, Arabic, Turkish, French, Spanish, Italian, Russian, German, Japanese, Portuguese, Indian

US trading: No

Currency pairs offered: 50+

ECN trading: Yes

Binary Options: Yes

Spreads: Fixed

Minimum deposit: $100

Maximum leverage: 1:300

Minimum lot size: 1,000

Demo account: Yes

Beginner’s trading platform: No

Platform: Downloadable only (MT4 and MT5)

Trading room: Yes

Mobile trading: Yes

Chat support: Yes

Scalping: Yes

Welcome bonus: Yes

Editor’s notes: Deposits to 4XP can be done through credit card, wire transfer, MoneyBookers or Liberty Reserve. Withdrawals can be done via the same channels. The registration process was both simple and fast, so that traders can begin trading almost immediately. A useful Forex resource center including an economic calculator, daily market analysis and a collection of Forex trading videos help new traders start off on the right foot. The most difficult part of using 4XP was that their chat support was often unavailable, but with local phone support in 9 different countries, help was never too far away. Overall, our experience during this 4XP review was positive, and we found no evidence of a 4XP scam. Instead, we found a broker that works hard to meet the needs of global traders and does so with startling efficiency.

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4XP

Visit 4XP Website

Quick Information

Name: 4XP
Country: Cyprus
Established: N/A
Website: 4XP.com
Languages: 1
Platform: All

Advantages

  • Over 50 currency pairs
  • ECN trading option
  • Binary options trading available
  • Trading room access

Disclaimer

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