The sudden rise of Bitcoin in the last few months of 2017 shook the trading world as it made a lot of people millionaires overnight. It renewed the interest of many people who had previously been thinking about foraying into the trading market, but hadn’t made the move. While retail forex trading is definitely not a new concept, but more and more brokers are moving in at a rapid pace with a large number of new technological services and features. The good news about these brokerages is that they have also begun to offer crypto trading amongst the various other assets for trading.
However, one thing that everyone should remember is that the rise of newer brokerages also means that hackers and other cyber criminals are ready to take advantage of traders. They are also aware of the interest generated by cryptocurrencies and have come up with scams to exploit those who are new to this market. Obviously, people want to find a safe trading platform that can offer them the highest level of security and transparency during the trading process. One of the newer brokerages that is making its mark in both aspects is none other than 4XFX. This one of 4XFX Broker Reviews will look into this website in detail.
At the beginning of 2018, a group of industry professionals banded together to offer traders a new platform that incorporates a world of features and services that you would expect from a top notch platform. Even though nearly 20% of the new brokerages are just scams or a waste of time, 4XFX has done things right because the brokerage is growing by leaps and bounds. In just a few months of its launch, which was in March 2018, 4XFX has managed to amass a global contingent of active and satisfied traders from approximately 76 countries around the world. It has its headquarters in Estonia and offices in London as well. A quick look at the broker’s website will give you a glimpse of the simple yet professional look and feel you would want from a great broker.
They have definitely come up with a creative name and 4XFX is quickly becoming a good place for everyone to make their trades. This is because the platform offers a plethora of impressive services and it allows its clients to enjoy a broader range of platforms as well as multiple payment channels. One of the best things about 4XFX is that it has been developed by a bunch of traders for traders, which means they are aware of exactly what is required during the trading process. As a matter of fact, this can be a huge benefit for new investors and traders because they don’t want an advanced web-trading platform that’s too difficult to use.
Thus, the first thing you will immediately notice about 4XFX Trading is the fact that it is incredibly easy to use. Whether you talk about the sign up process, funding accounts, executing transactions or even checking their status, everything has a straightforward format. The website is highly responsive and can be easily navigated without much trouble. It has been structured in such a way that everything is accessible and you will have absolutely no trouble in finding what you are looking for. Those who want a broker that’s on point and lightweight; 4XFX does the trick nicely.
If you have been in search for a simple yet legitimate trading platform for the forex market, cryptocurrency or any other market, 4XFX is a good choice for you. Since it was launched in March 2018, the brokerage has succeeded in drawing the interests of a large number of users, which include amateurs as well as elite traders and you can also get onboard with this platform. When you visit the website, you will get access to a four system account structure. The first account option you will come across is the Starter account and that carries a minimum deposit requirement of $250. This account has been offered for those who are just starting out and don’t have any tangible trading knowledge. At this stage, they are provided with some basic training that can be immensely useful for them.
They are able to trade conservatively while gaining experience and doing so can push them to the next level. Through a Starter account, a trader can get access to a Personal Account Manager, 24/5 customer support, fixed spreads, expert advisor, hedging, a leverage of 1:100, access to forex news, knowledge center and resource center. The next account option is titled as Basic and is a good choice for those who do have some basic trading knowledge so they don’t need the Starter account. This account has the same features as that of the Starter account, but is distinguished by the access to webinars that it offers.
In addition, the minimum investment requirement for this account is 0.5 BTC. The third account type is the Gold account, which requires a minimum investment of 1 BTC. It offers all the features and services you enjoy in the first two accounts, but it comes with the addition of one-on-one training and daily market alerts. There is also an increase in leverage as it is 1:200 in the Gold and also the Platinum account. This is the fourth account type that you can sign up for, but you have to deposit an amount of 10 BTC. Again, you enjoy all the features covered in other accounts, but there is an addition of a personal bonus policy and even personal trading conditions that can be helpful. It is meant for VIP traders and can offer them a great experience.
One of the most unique things about 4XFX is that they have come up with their own web-based ‘Webtrader’ trading platform, which can be accessed from any computer or mobile device. This is one of the top reasons why new traders find 4XFX so appealing because it saves them from the trouble of having to download any complicated or advanced software and hardware and nothing needs to be installed. The functionality is quite impressive and traders can enjoy a smooth and easy experience that doesn’t involve any break downs or lags.
Furthermore, as mentioned above, a group of traders designed 4XFX so they have included technical indicators as well as charting packages that are required to improve your trading strategies and techniques. However, if you are one of those traders who don’t want to switch to a new set up and prefer to go down a familiar route, 4XFX has also made that happen. How? It also provides support to the downloadable and quite popular MetaTrader 4 system. This is one of the top choices in the market and can offer a seamless experience to all traders.
Other than that, 4XFX also provides its customers with access to its unique ‘Traders Trend’ technology, which is aimed at keeping you updated with market trends so you know exactly where the action is and what trades you should make. Another great feature of this brokerage is that it also offers mobile trading applications. In today’s advanced world, it is a great benefit because it provides traders with a great deal of flexibility. They can make trades right from their smartphone, regardless of where they are or what time it is.
An important thing to note is that 4XFX uses ECN connections and STP (Straight Through Processing) protocols for executing orders at high speed to ensure you can get the best market price. You don’t have to worry about any conflict of interest at all because they are not working at cross purposes with the interests of the traders. Moving onto deposits and withdrawals, 4XFX offers you four options to choose from. You can either use your debit or credit card if that’s what you are comfortable with or you can also go with bank wire transfer. Cryptocurrency deposit (Bitcoin) is also offered at 4XFX.
Apart from these standard methods, the brokerage has also added support for some local payment methods. Withdrawals are processed within 48 hours, as long as you have provided the necessary documentation needed for verification. No third-party transfers are allowed because your account has to have the same name as on your documentation. You can use whatever method you are comfortable with and fund your account so you can get started. The high leverage offered on 4XFX is also a plus point that traders can enjoy through this brokerage.
It doesn’t matter what trading style you opt for, you will be able to use the platform for satisfying your trading needs. However, you should be aware of the fact that while the leverage can give you high profits, it can also lead to considerable losses if things don’t go your way. Nonetheless, 4XFX has eliminated a number of other problems that you might encounter during the trading process such as insecurity. New and upcoming platforms are quite vulnerable in terms of security as most of them are under constant threat of being attacked by scammers and hackers and even firewall crackers.
However, 4XFX has taken all appropriate measures to ensure that their website is safe and secure. Moreover, they are continuously developing new modes of dealing with the insecurity menace that people have to face when running a risk management system. They have implemented 256-bit SSL encryption for keeping all data and communications private. In this way, they are able to maintain the integrity of all information stored and shared on their platform. It is not just personal information that’s kept secure; 4XFX has also applied the same stringent protocols in terms of financial security.
They have segregated the funds of their clients and kept them with the top European banks to ensure there is no mix up. This means that traders don’t have to worry about losing their funds in case of a problem. The brokerage has also implemented an extensive KYC (Know your Customer) policy and also comply with all strict regulatory standards. 4XFX also offers its clients a variety of bonus options and promotions that include getting cash-back on your first trades. You can make quick trade executions and prevent re-quotes and slippages. But, what should you do if you encounter any problems when using 4XFX?
This is where their customer support team comes in. The people behind 4XFX have tried to make it a comprehensive platforms for traders so they are aware of how important it can be to get answers when you really need them. Therefore, they offer excellent customer service to their traders and you can reach out to their team at any time that seems convenient for you. You will get an immediate response in working hours, but you can also get in touch with them past working hours. There are several options at your disposal when it comes to getting the assistance you need, which include email, live chat and phone. They have also extended customer support to social media such as Facebook and you can go with this option if you want.
The customer care agents are very knowledgeable and professional and will lend an attentive ear to your question, complaint or comment and will come up with the best possible solution. If you don’t want to get assistance that way, you can use the education center at 4XFX. Here, you will find comprehensive courses on various trading markets and learn some simple and even advanced trading strategies. You can improve your skills and use them to your advantage when making trades and this reduces your chances of making a mistake.
Ultimately, what you should note is that even though there are a multitude of poorly operating brokers out there, 4XFX is not one of them. You can use the brokerage’s platform for trading a wide array of around 320 assets spread out in different markets. You can participate in the foreign currency market or trade some of the top stocks. You can also trade the best cryptocurrency pairs out there or go for commodities and indices. Hence, 4XFX fulfills all your needs and ensures you are able to get the profits you want.