Contents
- 1 4XC Basics
- 2 Our Opinion About 4XC
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Fund Safety
- 6 4XC: Legit Or Scam?
- 7 4XC Trading Assets
- 8 Trading Instruments
- 9 4XC Account Types
- 10 Standard Accounts
- 11 Pro Accounts
- 12 VIP Accounts
- 13 Demo Accounts
- 14 4XC Registration – How To Open A Trading Account
- 15 4XC Registration – How To Verify A Trading Account
- 16 4XC Bonuses
- 17 First Deposit Bonus
- 18 4XC Nigeria Bonus
- 19 4XC Payment Methods
- 20 4XC Deposits
- 21 4XC Withdrawals
- 22 4XC Trading Platforms
- 23 4XC Trading Tools
- 24 Education and Research
- 25 4XC Customer Support
- 26 4XC Trading Hours
- 27 Our Verdict
- 28 4XC Forex Broker Review – FAQ
- 29 4XC Forex Broker Review – Similar Brokers
4XC Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FSC |
| 💰 Minimum Deposit | $10 (4000 Naira) |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more. |
| 📌Open an account | Start Trading with 4xc |
Our Opinion About 4XC
4XC was first launched in 2018. They have a large, international client base and offer their services to thousands of forex traders worldwide. As an established forex broker, they also have a great reputation for offering award-winning online trading services and for offering a secure trading environment.
4XC offers great online trading conditions. They offer access to trade over 200+ trading instruments including forex, commodities, shares, indices, and cryptocurrencies. They also offer a wide range of account options. You can choose from 3 different account types – all of which come with tight spreads, low commissions, and fast trade execution. You can also choose from two of the best platforms – MetaTrader4, and MetaTrader5.
When it comes to trading tools, 4XC offers a great selection of tools including trading signals, premium investing tools, market analysis tools, copy trading services, and VPS services. They also offer free learning resources such as articles, video tutorials, and educational courses.
Key Benefits
Regulation And Safety
4XC is authorized and regulated by the Financial Supervisory Commission in the Cook Islands, with a Money Changing & Remittance License (no 12767/2018). Cook Islands is a territory in free association with New Zealand, but with an independent body responsible for the supervision of regulated financial entities and financial services. FSC adopts the strictest of standards, including capital adequacy requirements.
Fund Safety
4XC keeps all client funds in segregated accounts. As such, your funds will be kept in a safe place and will not be used for operational purposes.
4XC: Legit Or Scam?
4XC is a legit forex broker. They have been providing trading services for several years and have a large client base in Nigeria. They are registered with a well-known financial authority and have good client fund safety measures in place. In terms of their online trading services, they offer affordable account options, as well as a good selection of trading instruments. They also have convenient payment methods and fast withdrawals. In our opinion, they are a legit and reliable forex broker.
4XC Trading Assets
4XC has a great selection of online trading instruments. You can choose from forex, metals, oil, stocks, index CFDs, and cryptocurrencies.
Trading Instruments
- Forex: They offer 70+ instruments including major, minor, and exotic currency pairs.
- Metals & Oils: 4XC offers trading on 350+ instruments such as Brent, WTI, gold and silver.
- Stocks: They offer 290 stocks including Apple, Amazon, Disney, Facebook, and more.
- Indices: 4XC offers access to all major indices such as the DAX30, FTSE100, and S&P500.
- Crypto: They offer trading on Bitcoin, Litecoin, and Ethereum.
4XC Account Types
4XC has 3 main account types: a Standard Account, a Pro Account, and a VIP account. Each account type comes with slightly different trading conditions.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Standard | From 1.0 pip | $10 | 1:500 | $0 |
| Pro | From 0.0 pip | $100 | 1:500 | $5/lot per side |
| VIP | From 0.0 pip | $10,000 | 1:500 | $5/lot per side |
Standard Accounts
This is their best trading account for new forex traders. It comes with an average spread of 1.0 pips and there are no commissions. It also comes with high leverage of up to 1:500. The 4XC minimum deposit for this account is $10 on MT4 and $10 on MT5. The base currencies are USD, EUR, GBP, BRL.
Pro Accounts
This is their best option for more experienced traders. It comes with an average spread of 0.0 pips and a small commission fee of $5 per lot. It also comes with high leverage of up to 1:500. The minimum deposit for this account is $100 on MT4 and $100 on MT5. The base currencies are USD, EUR, GBP, BRL.
VIP Accounts
This is their best option for experienced traders. It comes with an average spread of 0.0 pips and a small commission fee of $4 per lot. It also comes with high leverage of up to 1:500. The minimum deposit is $10,000 on MT4 and $10,000 on MT5. The base currencies are USD, EUR, GBP, BRL.
Demo Accounts
The demo account is perfect for beginners who want to learn more about forex trading and master the basic skills. It comes with similar trading conditions to the live accounts – with spreads from tight spreads and high leverage. There is no minimum deposit as the trading is done with virtual capital.
4XC Registration – How To Open A Trading Account
As part of our 4XC broker review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. Signing up is easy. To get started, you need to visit their website, complete the form, and choose your preferred login details. Next, you need to take a quick trading test. This is so that they can see how much you know about forex trading, and decide if their services are suitable for you. Lastly, you need to complete the KYC process, submit copies of your documents, and choose your account type.
4XC Registration – How To Verify A Trading Account
As part of our 4XC broker review, we looked at their account verification process. To open a live trading account you’ll need to provide 4XC with a proof of ID and a proof of address. This is so that they can confirm your identity and verify your online trading account. The verification process is simple. You can send copies of your National ID card, Passport or Driving License. You can also send copies of a utility bill or a bank statement registered in your name. After they have verified your account, you can add funds and start trading.
4XC Bonuses
4XC has a great selection of forex bonuses. Their promotions typically include welcome bonuses, deposit bonuses, cashback offers, and trading competitions. Their offers change regularly and they often add new promotions to their website.
First Deposit Bonus
4XC offers a special bonus for new clients. The bonus is designed to help Nigerian traders get better value for money on their first deposits. As part of the promotion, you can receive a 50% first-time bonus. To qualify you must open an account, complete the KYC process, add funds and meet their minimum trading requirements. Bonus terms and conditions apply. Check the 4XC forex broker website for more details.
4XC Nigeria Bonus
4XC offers a special bonus that is exclusive to traders in Nigeria. The bonus is designed to help Nigerian traders get better value for money on their currency conversions when funding their accounts. As part of the bonus, 4XC clients in Nigeria can enjoy better exchange rates for their transactions, as long as they trade frequently. (Today’s rate: 460.44 $/NGN | 4XC rate: 443.44 $/NG ). Bonus terms and conditions apply. Check the 4XC broker website for more details.
4XC Payment Methods
As part of our 4XC review, we checked what payment options they accept. As the 4XC minimum deposit is quite low, opening a trading account is generally quite quick and easy. They also accept a wide range of payment methods, for added convenience.
4XC Deposits
4XC offers a great range of deposit methods including bank wire, credit card, debit card, cryptocurrency, AdvCash, Neteller, Skrill, GenialBanco, and HokoCloud. You can also make deposits using MPesa, FasaPay, WeChat Pay, PerfectMoney, SticPay, Help2Pay. If you would like alternative options, you can also fund your account using PayOp, DivePay, Pay Retailers, and MultiBanco. The deposit time varies depending on which deposit option you choose. For example, 4XC deposits made via Neteller are instant. However, deposits made via bank transfer can take several days. 4XC does charge deposit fees.
4XC Withdrawals
4XC offers a great range of withdrawal methods including bank wire, credit card, debit card, cryptocurrency, AdvCash, Neteller, Skrill, GenialBanco, and HokoCloud. For example, 4XC withdrawals made via Neteller are instant. However, withdrawal made via bank transfer can take several days. 4XC does charge withdrawal fees.
4XC Trading Platforms
4XC has two of the industry’s top online trading platforms – MT4 and MT5. The platforms both come with chart indicators and helpful trading tools.
MetaTrader4 (MT4) is the world’s best platform for new forex traders. It has a very user-friendly interface and comes with many handy, built-in trading tools. You can use it to trade all of the most popular and liquid trading instruments including forex, stocks, and indices. The MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to work on your market analysis and create trading strategies.
MetaTrader5 (MT5) is a great platform for more experienced traders in Nigeria. It has an easy-to-use interface and comes with lots of helpful trading tools. You access and trade all of your favourite markets including forex, shares, and crypto. It is very easy to navigate. The MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly better tools than MetaTrader4 and offers you more trading options.
4XC Trading Tools
4XC offers free trading signals. They also offer free market analysis and free market news.
- Economic Calendars – Their economic calendar covers all of the most important economic data releases from around the world. It also includes detailed explanations and forecasts of each data release. As such, it makes tracking news and predicting price movements much easier.
- Technical Analysis – Their technical analysis helps you to understand market trends and to anticipate future price movements. It covers many popular instruments including forex, metals, shares, and indices. As such, it makes implementing strategies and managing trades much simpler.
- Market News – Their market news consists of a weekly market outlook. It summarises upcoming market opportunities across many markets. It also helps you find potential trades for forex, metals, and shares. As such, it makes analysing the markets and planning your weekly trades much easier.
- HokoCloud – HokoCloud is an easy-to-use broker agnostic trading platform. It works a bit like a social trading platform. It allows you to replicate trades in real time between your own MT4 accounts, or follow any public strategy of your choosing, with full control of your risk-return objective. It’s also completely free for 4XC account holders.
- VPS – A VPS service helps you get a better online trading experience. This is because it enables you to trade with optimum technical conditions and consistent connectivity. You can use VPS services to run automated algorithmic strategies, including Expert Advisors, on a virtual machine. You can also use it to minimise the risk of system downtime. It is worth noting that the 4XC VPS service is a paid service that costs $20 per month.
- Investing Tools – They have two investing tools called Swap Hunter and 8topuz. Swap Hunter is an MT4 carry trade indicator. You can use it to find correlated assets, earn interest on swaps, and protect your capital. You can also use it to implement hedge strategies. 8topuz is a type of automated trading software. You can use it to improve and manage your trades. You can also use it to implement advanced AI-based strategies.
Education and Research
4XC places a high value on trader education. They understand how important it is for traders to have access to the right resources and for them to help their traders develop the skills they need to trade successfully. That’s why they have three online trading courses – one for beginners, one for intermediates, and one for advanced traders.
4XC also offers a wide range of free educational materials, free online articles, and video tutorials. They cover a wide range of topics including how to open an account, how to set up your trading platform, and how to make your first trade. They also cover important topics related to fundamental analysis, technical analysis, risk management, and trading psychology.
4XC Customer Support
The customer support team is available 25/5. You can contact them by phone, email, and live chat. You can also request a callback. They offer customer support in English, Portuguese, Spanish, French, Arabic, Somali, Greek, Romanian, Korean, Russian, and Latvian.
4XC Trading Hours
4XC trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.
Our Verdict
4XC is a reputable broker offering a safe trading environment. It has excellent trading conditions and great account options. It also has high quality educational resources and expert trading support.
Ready to sign up? Register for an online trading account with 4XC here.
4XC Forex Broker Review – FAQ
Yes, 4XC in Nigeria is a good broker. They have a great selection of account types, many of which have very low minimum deposits. 4XC has more than 100 trading instruments including forex, cryptos, stocks, indices, and metals. They also have high leverage, low spreads, and fast trading execution. In our opinion, they are a good forex broker and a great choice for Nigerian traders.
Yes, 4XC is a legit broker. They offer a reliable online trading service, advanced trading platforms, and helpful trading tools. When it comes to client fund safety, they operate using strict security and client fund protection measures. They also ensure you have a wide range of convenient payment methods, allowing for easy deposits and hassle-free withdrawals. In our opinion, 4XC is a legit broker and a good choice for Nigerian traders.
Yes, 4XC is a licensed forex broker. They are authorized and regulated by the Financial Supervisory Commission in the Cook Islands, with a Money Changing & Remittance License (no 12767/2018).
Their best trading account for new forex traders is their Standard Account. It comes with an average spread of 1.0 pips and there are no commissions. It also comes with high leverage of up to 1:500. The 4XC minimum deposit for this account is $10 on MT4 and $10 on MT5. The base currencies are USD, EUR, GBP, BRL.
4XC is a great broker. They have a great choice of account types. They also have low-cost trading conditions, advanced trading platforms, and helpful social trading tools. However, if you want to consider other options, there are also many other great forex brokers. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
4XC Forex Broker Review – Similar Brokers
4XC is a great forex broker. However, if you want to look at other options, there are also many other forex brokers in Nigeria. Here are some similar brokers.
Looking for more options? Take a look at more of our forex broker reviews.