Be aware, they have been messaging people using images of others, fake identities & impersonating certain individuals to attract new investors. Reputed authorities have strict rules and regulations which ensure that a broker works in the interest of its customers, not against them. These rules and regulations prevent scams, and that’s why they are reliable. Gary Strong, you are pretty famous for being a scammer and a liar, a pathetic little statement like that ain’t gonna help you.
Wouldn’t this be apart of an international scam especially as they are the same owners. We regret to hear that you had a bad experience with 4xCube, even though we aren’t able to identify your account based on the below review. From 4XCube trading commissions the unlimited prize is generated, and all participants are pooled for monthly and annual rewards.
According to alpari, it is owned and operated by 4XCube Limited. On the other hand, keep in mind that even though the cost of trading is an essential criterion while choosing a Forex broker, it is not the only one. For instance, the charting package of the platform is the best, and it is particularly famous as well for its trading bits, which are known as Expert Advisors.
The broker charges huge fees for deposits and withdrawals. Companies use MetaTrader 4 and MetaTrader5 to quickly get started providing brokerage services. However, a proprietary trading platform always increases the competitiveness and reliability of the broker. The compensation scheme for each trading forex spread definition account is up to 20,000 Euro, as a part of services and membership benefits of the Financial Commission that this broker applies. 8topuz is 100% a martingale software company that blows accounts at some point. Because they lack any serious regulation, it raises suspicion on their fees and charges.
The above information is not enough to start trading with 4Xcube Ltd. 4Xcube Ltd hides most of the trading conditions and raises suspicions. You are told that the trader will trade for you and that a regulated broker cannot trade for you. If you receive a call from a specific broker, but you have never registered with him. If you can’t find a lot of information about the so-called broker, it may be a scam. The broker is not offering a lot of promotions in a year but they are offering on the important festivals. 4XCube was declared a $20 forex no deposit bonus on the 2020 Christmas, currently, there are no promotions available.
We meet at a China FX event where they was both promoting 8topuz and 4xcube. Both John and Joao said they was both Executive Directors of 8topuz and owned a brokerage called 4xcube that is based in the Cook Islands. 4xcube also owned by 8topuz which was called Paragon Trading before last year.
Obviously, client surveys acclaim the respectable assortment of instruments accessible. But this is enough to assess the speed of order execution by the broker. 4XC is licensed by the Financial Supervisory Commission of the Cook Islands.
Forex Broker Reviews
The MT4 is the most popular platform among traders since its features enable traders to analyze the markets, manage trades and use different tools as they like. 4XCUBE provides only MetaTrader 4 as a trading platform to its clients. It is primarily offered as a Windows desktop application but mobile apps for Android and iOS users are also available. Some companies provide their own proprietary platform, while others prefer well-known platforms.
I appreciate how this platform has always maintained trust and paying investors just as promised. PUPrime offers up to 10,000 USD Cashback Rebate for Crypto trading PUPrime offers up to $ 10,000 in cashback for crypto trading. With 4XC , you can use trading platforms such as MetaTrader 4 , MetaTrader 5 and WebTrader. All contents on this site is for informational purposes only and do not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. FX Trading Master may receive compensation from the brands or services mentioned on this website.
On the other hand, membership grants these body clients of 4XCube access to a huge range of services and membership benefits. Other than that, 4XCube uses the SSL cryptographic protocol, which offers digital security, particularly for making online transactions. 4XCube offers multiple language support to their clients, and it will be there for you during the entire procedure. Moreover, it has daily payment options and the minimum payout amount of $100 or equivalent. 4XCube understands that each market has its own conditions, and Partners need particular conditions to accomplish their objectives.
Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like 4XCUBE is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Bitcoin is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.
Regulation & Company Information
I sincerely hope that by adding these services, we will improve in the near future, especially by adding a paypal service as an option for depositing and withdrawing money. Great trading experience, these people know what they are doing. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. Sometimes, the broker doesn’t redirect you to someplace else but instead, keeps urging you to invest more. They ignore the market’s conditions and keep requesting you to invest further and make it seem like the more you invest, the more you’d get.
It should be noted that the best brokers make money on spreads and a few on commissions. 4XC provides a Pro type of account for more experienced traders with a deposit of $ 1000. It has the lowest spreads from 0.1 pips, but there is a commission of $ 3 per round-turn lot.
Deposits and Withdrawals
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. Professional traders love to trade with the most modern, and artificial intelligence trading platform, MT4/MT5 is the most modern and automatic platform which is popular over the world. The broker 4X Cube is offering MT4 and MT5 to its customers. 4Xcube Ltd Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform.
For instance, many scam brokers will charge hefty withdrawal fees that don’t just cover service charges. Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.finance. The first thing 4xCube Ltd. offers to clients is the execution of trades using the STP.
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There are many ways to communicate with the broker 4XCube. A live chat option available for instant support, call center services from UK, France, Brazil, Portugal, and South Africa 24/5 in a week. Also, there are Email services and details contact form on the website for any professional cases.
After a couple of years of exciting growth and pushing the boundaries in retail forex, 4XCube felt it was time to update the brand and messaging to better reflect who they are and all they have to offer. 4XC supports NBP thus the maximum loss is limited to the total account balance. In case an account balance goes below zero due to extreme market volatility, the balance will be adjusted to zero as 4XC covers the exceeded loss. Please bear in mind that due to the unregulated nature of cryptocurrencies, trading CFDs on cryptocurrencies is high risk.
To trade from a mobile phone on 4xCube, you can use the MT4 or MT5 app. The apps are fast enough with a good internet connection. There are 30 trading indicators and charting tools available for technical analysis. We can definitely say that this account type system is very bad.
This brokerage firm is completely compliant with regular internal and external company audits. BDO performs its External Audit, which is one of the largest and reputable Audit firms in the world. The FSC carries out regular audits of registered companies, which includes the entities under the Money-changing wealth management unwrapped and Remittance Businesses Act, for instance, 4XCube. Compliance with KYC is also monitored with AML regulations. However, regular audits of registered companies are done with the help of FSC. This agency has its rules & regulations, security firms and financially it is competitive.
ASIC has added the details of 4xCube Ltd to its public list of “unlicensed overseas callers and fake regulators” located at 4 x cube has solid offer for individual clients , and is transparent as well. Of course there is no perfect broker, although this one satisfies my requirements sufficiently. I am moving to a different broker, because the spreads are more reasonable there. For stocks we have improved our offering since last time we spoke, and we will be happy to have you try again our stocks in MT5, with better conditions.
Working with an unlicensed broker does not provide protection in the event of broker fraud. Reputable regulated brokers should not do business with such online campaigns/partners. For this reason, at AdonFinance, we have prepared a blacklist of fraudulent brokers to warn traders or investors against such scams.