4XFX was an unlicensed Forex / Crypto CFD broker that opened in March 2018. They are now out of business!
For complaints or withdrawal problems with a Forex broker, you should go read this.
4XFX Broker Review
4XFX offers investors a simple web based trading platform made by PandaTS. The web based trading software is plain, simple and easy to use. It is made for new currency investors, who have a hard time using the more advanced trading software Sirix. Also available now is the MetaTrader 4 desktop software.
You can see they offer CFD trading on many underlying assets including; Forex, Commodities, Crypto, Stocks and Market Indexes. Crypto Currencies are listed on the trading platform, however the spread on BTC/USD was $173 wide, which is very large.
Minimum deposit for a new trading account is $250. Mobile apps were not available at the time of this review.
Scam Trading Software
WARNING! The investing software you are using is a scam! learn why.
If you want to invest with an automated trading app, first look at a real software listed here.
4XFX Not Licensed
When the Scam Broker Investigator reviews a Forex or Crypto broker, we check if they are a scam or legitimate broker, by looking for a valid government license. Brokers must be licensed by ASIC Australia or FCA United Kingdom.
4XFX is not a licensed broker! ASIC in Australia has issued this warning: “ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia, read more“.
This broker says on their home page that they are operated by Rock Intl Ltd. On the contact page it says they are owned by: GRF EUROPE OÜ, and located at: Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K397, 10119, Estonia. 4XFX can be reach by phone in United Kingdom at: +442080893668 or via email at: [email protected]. Official website is: https://www.4xfx.com.
On their website they list an address of: Potsdamer strasse 180, Berlin 10783, Germany. In their terms and conditions they write that they follow the rules of Germany, but they are not licensed by BaFIN.
You should read reviews of all licensed brokers, and also look at the most popular brokers click here.
Compare The Best Brokers
Smart investors always test out and compare a few Forex brokers, before picking the right broker to use.
ForTrade is the best broker which is licensed and authorised by the FCA in United Kingdom, see here. Signup for a Free Demo Account on their custom trading system, register here.
If you are currently investing at 4XFX, please share your experience with other investors, in the comment section below.