4XC Review

4XC Video Review

Investor Protection & Regulations

“4XC is the brand name of Geomatrix Limited, a company based offshore, regulated by the Financial Supervisory Commission of the Cook Islands as a money-changing business. The broker segregates client funds from their own and is a member of dispute resolution body The Financial Commission.”

4XC is the brand name of Geomatrix Limited, a company based offshore and regulated by the Financial Supervisory Commission of the Cook Islands, as shown below:

The broker is part of The Financial Commission (FSC) for dispute resolutions and also provide further security of client funds by following the below requirements:

• Holding client funds in segregated accounts from company funds.
• Regular external audits by McMillan Woods.
• Negative balance protection policy for retail clients.
• Protection for up to €20,000 per complaint backed by the FSC compensation fund.

Tradable Products

“4XC offers clients the ability to trade on 393 instruments covering Forex, CFDs for Indices, Metals, Shares and Cryptocurrencies.”

4XC offers clients the ability to trade on 393 instruments covering Forex, CFDs for Indices, Metals, Shares and Cryptocurrencies. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the 4XC website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“4XC offers four main account types called Standard, Pro, VIP, and mBTC as well as demo and Islamic (swap-free) accounts.”

4XC offers four main account types called Standard, Pro, VIP, and mBTC as well as demo and Islamic (swap-free) accounts. The table below shows a breakdown for each account and its features:

Users can open a new account in just a few steps. After clicking the ‘Sign Up’ button on the broker’s homepage, users are asked to register with their name, email, date of birth and phone number. Following this, users will be directed to the trader’s room and asked to fill in additional information including:

1. Agree to Terms and Conditions.
2. Personal Information: Address, financial information, trading experience, passport number, occupation and level of education.
3. Upload Documents: Valid ID or Passport and Proof of Residence (not more than 6 months old).
4. Wallet Creation: Choose investment account currency.

The client portal is shown below:

4XC does not accept clients from the USA, Iran or North Korea.

Deposit & Withdrawals Options

“4XC offers a variety of deposit and withdrawal methods including by debit/credit card, bank wire, cryptocurrencies and e-wallets such as Skrill, Neteller, AdvCash and more.”

4XC offers a variety of deposit and withdrawal methods including by debit/credit card, bank wire, cryptocurrencies and e-wallets such as Skrill, Neteller, AdvCash and more. Below is a table with some of the payment options available and their associated fees and processing times:

Withdrawals are limited to one per day per account, to minimize payment provider fees, however, this does not apply to VIP accounts.

Clients can fund their accounts through the Trader Dashboard once logged into the Trader’s Room.

Web & Desktop Trading Platforms

“4XC offers clients the ability to trade on popular platforms such as MetaTrader 4 and MetaTrader 5 across Windows, Mac and Web.”

4XC offers clients the ability to trade on popular platforms such as MetaTrader 4 and MetaTrader 5 across Windows, Mac and Web. The platforms features are highlighted below:

4XC MetaTrader 4 Web

• No download needed
• Multiple asset classes
• Great range of technical tools and indicators
• Can use on PC or Mac

4XC MetaTrader 4 Desktop

• Fully customisable
• Advanced charting
• Real-time quotes
• Expert Advisors

4XC MetaTrader 5 Desktop

• 21 timeframes
• 44 analytical objects
• 80 built-in indicators
• Advanced Charting

A screenshot of the 4XC MetaTrader 5 platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“4XC offers clients the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems.”

4XC offers clients the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The 4XC mobile trading app provides a range of different features including:

• Multiple order types
• Pre-installed indicators
• Automated trading functionality
• Analysis tools

The mobile trading app provided by 4XC is covered in more detail in the video review.

Trading Features

“4XC provides several automated trading services which include PAMM accounts, HokoCloud and MetaTrader Trading Signals.”

4XC provides several automated trading services, one of which includes PAMM accounts that allow clients to build their own social trading network using 4XC’s platform to connect with both money managers as well as investors.

Money managers can earn additional income through performance fees which they can set. Likewise, traders/investors can earn a passive income by simply choosing an ideal strategy provided by other money managers. Performance fees are calculated and paid daily on rollover each day.

HokoCloud is also another option for automated trading which allows clients to replicate trades in real-time to their MetaTrader 4 accounts or follow a public strategy available on the HokoCloud platform. 4XC clients can replicate trades for free with this service and also get a public strategy discount.

A third option is MetaTrader Trading Signals which also lets clients access 3200+ free trading strategies and signals from successful traders in real-time all through the MetaTrader 5 platform.

Commissions & Spreads

“4XC offers a range of commission-free and commission-based account types with access to low spreads.”

4XC offers a range of commission-free and commission-based account types. Standard, VIP, and mBTC are all commission-free but have larger spreads compared to the Pro account which is commission-based but offers the lowest spreads.

The below table summarises the commissions and spreads for each account type:

Below is a snapshot of the spreads on the major currencies taken on Thursday 8 April 2021 at 18:55 BST, which shows a EURUSD spread of 1.9 pips:

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge an inactivity fee of $30 after 1 month of no trading activity.

Bonus & Promotions

“At the time of writing, 4XC does offer a 100% Risk-Free promotion for any trades placed during a highly volatile event, a unique deposit instalment program and a volume trading competition where the highest volume client can win a brand new Tesla.”

Clients who have opened and closed a negative (loss) trade within 24 hours before or after a highly volatile event can benefit from a credit back to their account of up to 2,500 USD. A highly volatile event is a 3-star event listed on the broker’s Economic Calendar which can be found here. However, the credit will not be withdrawable (for margin purposes only) and is limited to one risk-free trade per user.

The broker does also offer a unique deposit instalment program that allows clients to borrow an amount of credit up to 5,000 USD which can then be paid back in a period of 5-10 months (instalments). However, this offer is only available to new clients and accounts must be funded with at least 10% of the credit amount.

There is also a volume trading competition whereby traders who generate the highest volume every month will be rewarded with a new Tesla Model 3. Second and third place traders are also awarded a $3,000 and $2,000 withdrawable credit, respectively. This competition is only available for 10 months at the time of writing.

Customer Support

“4XC offers multilingual customer support 24/5 via phone, email, live chat and WhatsApp. Additionally, clients can also access the FAQ section for popular questions.”

4XC offers multilingual (English, Spanish, Portuguese, Russian, Arabic, French) customer support 24/5 via phone, email, live chat and WhatsApp. Additionally, clients can access the FAQ section for popular questions.

After submitting a question through the live chat we were connected to an agent who answered our question within 30 seconds, as shown below:

Contact Information:

Address: Global House, Avarua, Rarotonga, Cook Islands

Email: support@4xc.com

Phone: +44 203 514 9306

Social Media:

• Facebook
• Twitter
• LinkedIn
• YouTube

Research

“4XC does offer clients several research materials including market news, market analysis, market signals and an economic calendar.”

4XC does offer clients several research materials including market news, market analysis, market signals and an economic calendar. A brief summary is given below:

• Market News: Multiple daily articles covering the latest news across global markets.
• Market Analysis: Research covering multiple markets including forex, commodities, and equities.
• Market Signals: Trading signals generated across forex and commodity markets with timeframes, entry price, stop loss and take profit levels.
• Economic Calendar: Current and upcoming economic events which include Actual, Forecast, and Previous data numbers as well as impact levels.

The market news and analysis are updated throughout each day with articles that are both concise and informative. Similarly, the market signals are also frequently updated throughout the day and clients can select between short-term or long-term timeframes.

Trader Education

“4XC offers a variety of educational resources including trading guides, trading courses and tutorials. The material available is suitable for all types of traders from beginner to advanced.”

4XC offers a variety of educational resources including beginner and advanced trading guides. The beginner guide covers an introduction to trading, trading terminology and typical mistakes new traders make and how to avoid them. The advanced guide then moves on to more complex areas such as fundamental and technical analysis as well as trading indicators and patterns.

There are also trading courses available at varying levels of difficulty from beginner, advanced and expert which cover similar topics to the trading guides, however, the videos are more detailed and provide a visual representation of each topic.

Tutorial videos are also available for clients who need help opening accounts with 4XC as well as how to deposit funds and invest in a strategy through the Trader’s room. Platform tutorials are also available for MetaTrader 4 and MetaTrader 5 across PC, iPhone and Android.

Trading Experience

“4XC provides a comprehensive trading offering with 393 instruments available covering Forex, CFDs for Indices, Metals, Shares and Cryptocurrencies. There are great additional trading features and bonuses for clients to take advantage of.”

From our observations, 4XC provides a competitive offer with its commission-free and commission-based trading accounts and low spreads in 393 markets covering Forex, CFDs for Indices, Metals, Shares and Cryptocurrencies, all of which can be accessed through the globally popular MetaTrader 4 and MetaTrader 5 platforms.

The broker does offer several options for automated trading services including PAMM accounts, HokoCloud and MetaTrader Trading Signals. Additionally, there are unique bonus and promotions available such as the 100% Risk-Free trade promotion, the deposit instalment program which new clients may find appealing and the volume trading competition where top traders can win a new Tesla every month.

There is also a great amount of research and educational material available which is updated regularly. The content is detailed, informative and appeals to all types of traders.

FAQ

Is 4XC regulated?

4XC is the brand name of Geomatrix Limited, an offshore company regulated by the Cook Islands Financial Supervisory Commission.

Where is 4XC based?

Global House, Avarua, Rarotonga, Cook Islands.

How does 4XC make money?

4XC makes money mainly through commission, spreads and swaps on certain asset classes.

How do I deposit in 4XC account?

Funds can be deposited via debit/credit card, bank wire, cryptocurrencies and e-wallets such as Skrill, Neteller, AdvCash and more.

What is the min. deposit for 4XC?

The minimum deposit is $10.

How do I withdraw money from 4XC?

Withdrawals can be made via debit/credit card, bank wire, cryptocurrencies, Skrill, Neteller and AdvCash.

What is the max leverage in 4XC?

Clients are offered leverage up to 1:400.

How do I open an account with 4XC?

An account can be opened at the click of a button on the 4XC website and can be done in just a few steps.

Does 4XC use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“4XC offers the ability to trade on 393 instruments covering Forex, Indices, Metals, Shares and Cryptocurrencies through the MetaTrader 4 and MetaTrader 5 platforms. Clients also have the option to choose from a variety of automated trading services as well as take part in several unique bonus and promotion offers.”

4XC was founded in 2018 and operates as a brand name of Geomatrix Limited, a company based offshore regulated by the Cook Islands Financial Supervisory Commission. The broker segregates client funds from their own and is a member of The Financial Commissions which is an international organisation for dispute resolution.

Clients can trade on 393 financial instruments covering Forex, CFDs for Indices, Metals, Shares and Cryptocurrencies all through the globally popular MetaTrader 4 and MetaTrader 5 platforms for Web, PC and Mac.

There are four main account types available that offer commission-free and commission-based trading with low spreads. Standard, VIP, and mBTC are all commission-free accounts whereas the Pro account is commission-based. Users can also access demo and Islamic (swap-free) accounts as well as a number of automated trading services such as PAMM accounts, HokoCloud and MetaTrader Trading Signals.

Clients can deposit and withdraw funds through a range of methods including debit/credit card, bank wire, cryptocurrencies and e-wallets such as Skrill, Neteller, AdvCash and more. There is also a range of different bonuses and promotions and research and educational materials available which include market news, market analysis, trading guides, trading courses and more. The broker also offers multilingual customer support 24/5 via phone, email, live chat and WhatsApp.

• Commission-free trading available with low spreads.
• 393 markets to trade on.
• Bonus and promotions available.
• Crypto account available.