4XC

4XC Review (4xc.com): A Trusted Forex Broker for UK Traders

Introduction

What is 4XC?

4XC is a reputable online forex and CFD broker based in the Cook Islands, providing access to a wide range of financial markets and instruments. Founded in 2018, 4XC has quickly established itself as a reliable and trustworthy trading partner for both beginner and advanced traders. The broker is known for its exceptional customer service, ensuring that retail clients receive the support they need to navigate the complexities of trading. With competitive trading conditions and a strong focus on client satisfaction, 4XC has become a popular choice among traders worldwide.

Trust and Regulation

4XC Regulations

4XC is regulated by the Financial Supervisory Commission (FSC) of the Cook Islands, ensuring that the broker operates in compliance with strict regulatory requirements. As a licensed and regulated broker, 4XC is committed to maintaining the highest standards of transparency, security, and fairness in its trading practices. The FSC regulation provides an additional layer of protection for clients’ funds, giving them peace of mind when trading with 4XC. This regulatory oversight ensures that 4XC adheres to international financial laws, further solidifying its reputation as a trustworthy forex broker.

Fees and Charges

4XC Trading Fees

4XC offers competitive trading fees, with spreads starting from 0.0 pips on certain instruments. The broker charges variable spreads, which can fluctuate depending on market conditions, ensuring that traders can benefit from tight spreads during optimal market conditions. Additionally, 4XC offers commission-free trading on its Standard account, making it an attractive option for new traders. For those with Pro and VIP accounts, a commission of $2/lot and $4/lot per side, respectively, is charged, catering to more advanced trading strategies. Non-trading fees, such as inactivity fees, are also applicable, so it’s essential for traders to review the fee structure carefully to understand the costs associated with trading on the 4XC platform.

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If you’re a new forex trader or an experienced investor searching for the best and most reliable forex broker in the UK, 4XC (4xc.com) might be the platform you’ve been looking for. Operating as an execution-only broker, 4XC emphasizes a client-focused approach that prioritizes fast execution and low spreads. Offering a wide range of financial instruments, including Forex, indices, commodities, cryptocurrencies, and stocks, 4XC caters to both retail and professional traders. In this comprehensive review, we will explore 4XC’s regulatory framework, account types, fees, trading platforms, and overall reliability to help you determine if this broker aligns with your trading needs.

Is 4XC a Trusted Broker?

Trust is crucial when selecting a forex broker, especially for traders in the UK who need assurance of regulatory compliance and security. 4XC has taken several steps to establish itself as a trustworthy and reliable trading platform. Here’s why 4XC is considered a safe choice:

Regulation and Trustworthiness

4XC is regulated by multiple respected financial authorities, offering strong oversight and protection for traders:

• Financial Services Authority (FSA) of Seychelles: Regulated under license number SD070, ensuring compliance with global financial standards.
• Financial Services Commission (FSC) in Mauritius: Licensed under GB20026376, providing oversight for international operations.
• Financial Conduct Authority (FCA) in the UK: While 4XC itself is not directly FCA-regulated, its payment services provider is, adding an additional layer of financial security for UK traders.

These regulatory bodies enforce strict standards, ensuring that 4XC operates transparently and that client funds are safeguarded.

Security Measures

4XC prioritizes the security of its traders. The platform uses 256-bit SSL encryption to protect sensitive data and financial transactions. Client funds are held in segregated accounts, meaning they are completely separate from the company’s operational funds, reducing the risk of financial loss due to company issues.

Compliance and Transparency

4XC follows stringent anti-money laundering (AML) and know your customer (KYC) policies. These measures ensure that the platform operates legally and ethically, a critical factor in maintaining trust in the competitive forex trading industry.

Reputation

Although 4XC is relatively new compared to more established brokers, it is rapidly building a reputation for security, reliability, and regulatory compliance. However, it’s always advisable for potential clients to conduct thorough research and assess their comfort level with the broker’s regulatory framework before opening an account.

Security and Regulation Overview

4XC is a global trading platform regulated by:

• Financial Services Authority (FSA) of Seychelles: Ensures adherence to international financial laws.
• Financial Services Commission (FSC) in Mauritius: Provides regulatory oversight for global trading operations.
• Financial Conduct Authority (FCA) in the UK: Offers an extra layer of security via its FCA-regulated payment services provider.

These regulations enhance 4XC’s credibility and offer traders peace of mind.

Key Features

4XC is designed with security as a priority. With 256-bit SSL encryption and segregated client funds, traders can trust that their data and money are safe. Additionally, strict AML and KYC compliance further solidifies the platform’s security.

Who Can Trade with 4XC?

4XC accepts traders from most regions, except for jurisdictions like the United States, where regulations differ. Ensure you check your eligibility based on your country of residence before opening an account.

4XC Account Types

4XC offers several account types to cater to different trading needs:

1. Standard Account: Ideal for new and retail traders, offering competitive spreads and access to major markets.
2. Pro Account: Suited for experienced traders, with tighter spreads, higher leverage, and advanced trading tools.
3. Islamic Account: A swap-free account adhering to Sharia law, perfect for traders following Islamic financial principles.

For new traders, 4XC provides a Demo Account, allowing you to practice strategies in a risk-free environment that mimics live trading conditions.

Fees and Commissions

4XC is transparent about its fees:

• Deposits: Multiple methods available, including credit/debit cards, bank transfers, and e-wallets like Neteller and Skrill. No deposit fees are charged by 4XC, but payment provider fees may apply.
• Withdrawals: Processed within 1-3 business days, with no withdrawal fees from 4XC, although third-party charges might apply. Identity verification is required to ensure fund security.
• Other Fees: An inactivity fee is charged for dormant accounts, and swap fees may apply to overnight positions unless using an Islamic account.

Trading Features and Platforms

4XC provides flexible position sizes, starting from micro-lots (0.01), catering to various trading strategies. The leverage varies from 1:30 for retail clients to up to 1:500 for professionals.

Trading Techniques Supported

The platform supports multiple trading techniques, including day trading, swing trading, scalping, and the use of Expert Advisors (EAs) on MetaTrader, enabling automated trading.

Markets and Assets

4XC offers a diverse range of assets, including:

• Forex:  Extensive selection of currency pairs.
• Stocks:  Global equities from major exchanges.
• Indices:  Popular indices like the S&P 500 and FTSE 100.
• Commodities:  Metals like gold and silver, and energy products like oil.
• Cryptocurrencies: Leading digital currencies including Bitcoin and Ethereum.

Trading Platforms

4XC supports multiple trading platforms:

• MetaTrader  4 (MT4): Popular for its advanced charting and automated trading     capabilities.
• MetaTrader  5 (MT5): Offers enhanced features and additional order types.
• WebTrader:  Browser-based platform with no download required, user-friendly for     beginners.
• Mobile Trading: Manage trades on the go with apps for iOS and Android.

Education and Customer Support

4XC offers educational resources such as webinars, eBooks, and tutorials, though these are somewhat limited compared to competitors. However, the platform does provide market analysis and trading signals to help traders make informed decisions.

Customer Support

Available via live chat, email, and phone, 4XC’s customer support is responsive and generally replies within 24 hours. While currently limited in language options, the platform is working to expand its support capabilities.

Pros and Cons

Pros:

• Regulated by multiple authorities, ensuring security and trust.
• User-friendly with MetaTrader 4 and 5 integration.
• Wide range of assets, including Forex, stocks, and cryptocurrencies.
• Flexible account types, including Islamic accounts.
• No deposit or withdrawal fees (excluding third-party fees).

Cons:

• Limited educational resources.
• Inactivity fees for dormant accounts.
• No social trading features.
• Customer support not available 24/7.

How to Open a 4XC Account

Opening a 4XC account is easy. Visit https://live.4xc.com/signup/FG4aG6qb click “Sign Up,” and complete the registration form with your personal details. After verifying your account, you can deposit funds and start trading.

Conclusion

4XC offers a robust trading platform with diverse assets and flexible account options, making it a viable choice for traders seeking a secure and reliable broker in the UK. While there are areas for improvement, particularly in education and social trading, 4XC provides a solid foundation for both new and experienced traders. As the platform continues to evolve, it is likely to become an increasingly prominent player in the online trading space.

Before committing, traders should weigh the pros and cons and ensure that 4XC meets their specific trading needs.

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