Their offering does not stop there; they offer 17
commodities, 21 indices including the VIX, 94 shares, 7 bonds and 3 treasuries
to traders. This is one of the most comprehensive offerings for a primarily
forex broker and impressed us here. 4XP deserves praise for their diversity.
Leverage on shares is severely reduced and does not exceed 1:10 while currency
pairs can be traded with up to 1:300 leverage.
Unfortunately they offer the MetaTrader 4 platform which is
great, but given the recent issues with MetaTrader and given the huge offering
it would have been nice to see an alternative trading platform. The biggest
issue with have with this forex broker is their design; a forex broker who
offers such a diverse repertoire of tradable assets should invest the extra
money and ensure their website is top of the line as well.
They do offer their much talked about forex educational
tools labeled 4XP College. There are quite a few tools, but we did not test them
and will take the word of World Finance for it. One interesting thing we came
across is their 30 day protected account where new traders can trade a live
account, bit for 30 days they will not record a loss which is a nice feature
and helpful for new traders to test the waters.
They are headquartered in the British Virgin Islands and
regulated by FMRCC and we let you be the judge if that is sufficient for you or
not. They are registered as an official business and meet as well as comply
with all the requirements, nothing more we can ask for here. Their management
team remains unknown which is not unusual for forex brokers.
4XP offers two types of accounts; classic and ECN. While
they do claim to be an ECN broker they do not offer any information on which
bridge they use and have hidden this feature rather well which is unusual for a
forex broker to hide their best feature. This raised a red flag and we are skeptical
about this forex broker because of that. A broker who misguides new traders is
a forex broker you should stay away from.
Conclusion
4XP offers a very diverse set of tradable assets which
impressed us and we thought we found another great forex broker. Their design
is average and does not fit with the rest of their offering. Another positive
for this forex broker was their 30 day protected account which allows new
trader to operate a live account without recording losses. They are shad about
being an ECN broker which disappointed us severely and is the reason why we
will give this forex broker two claws down; the Last Bear has roared.
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