4XC – Forex Broker Review 2022

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.

4XC is regulated by the Financial Supervisory Commission (FSC) in the Cook Islands. The FSC is responsible for the supervision of regulated financial entities and financial services. They adopt the strict standards, including capital adequacy requirements. and closely monitor forex brokers. As part of their regulatory requirement, 4XC submits financial reports to FSC on a regular basis including reconciliations of client funds.

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.

Trading Instruments

4XC has a great selection of online trading instruments. You can choose from forex, metals, oil, stocks, index CFDs, and cryptocurrencies.

• 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.

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

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

MetaTrader5 (MT5) is another great platform for beginner traders in Nigeria. It has a 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 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 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.

Standard Account

This is their best trading account for new forex traders. It comes with an average spread of 0.8 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 $100 on MT5. The base currencies are USD, EUR, GBP, BRL.

Pro Account

This is their best option for more experienced traders. It comes with an average spread of 0.2 pips and a small commission fee. 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 Account

This is their best option for experienced traders. It comes with an average spread of 0.6 pips and a there are no commissions. It also comes with high leverage of up to 1:500. The minimum deposit for this account is $25,000. The base currencies are USD, EUR, GBP, BRL.

Demo Account

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.

Deposits & Withdrawals

4XC offers a great range of payment methods including bank wire, credit card, debit card, cryptocurrency, AdvCash, Neteller, Skrill, GenialBanco, and HokoCloud.

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 analyzing the markets and planning your weekly trades much easier.

Education

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.

Extra Trading Services

4XC offers a copy trading service and a VPS service.

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.

Investing Tools

They have two investing tools – 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.

VPS Services

A VPS service helps you get a better, smoother online trading experience. This 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 minimize the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns. It is worth nothing that the 4XC VPS service is a paid service that costs $20 per month.

Documents

When you open an account process, you need to provide 4XC with certain documents. These include a proof of ID and a proof of address. There is a limited list of documents that 4XC accepts. These include copies of your passport, driver’s licence, recent utility bills, a rental agreement, or bank account statements.

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.

Conclusion

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.