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4XP Review
4XP Review
Are you seriously considering 4XP, also known as Forex Place, to be your broker? 4XP has been around for quite a while now, and as such has built up a good reputation for top level support for new and experienced traders alike.
One of the things that stands out about 4XP is that they are very customer focused, and you can contact them any time you want and expect a quick response. Their trading execution is top notch, in fact it’s one of the better ones out there.
Range Of Markets Offered By 4XP
In addition to the major Forex pairs and crosses, 4XP also offers you the ability to trade metals like gold and silver, oils like petroleum and gasoline, commodities like corn and wheat, indices like the Dow Jones and S&P 500, and many international shares as well.
4XP Pip Spreads & Margins
With 4XP, you can expect a competitive spread on any of the currency pairs and crosses that you normally trade. On their standard account, you will enjoy a 3 pip spread on the EUR/USD and the USD/JPY, and 4 pips spread on the GBP/USD and AUD/USD, just to name a few of the popular pairs. 4XP offers you leverage of up to 300:1 on your deposit, so you’ll only need to put up about 333 of the base currency of a standard contract as margin.
4XP Special Bonus For New Traders
4XP is known for their generosity in rewarding new traders with bonuses that other brokers wouldn’t be able to match, and this is evident in that they give double the standard deposit bonus when you sign up. Not only do they give you a 100% bonus when you make your first deposit, once you trade the required number of lots (which is your initial deposit divided by 10 in lots) they will double your bonus. For example, if you deposit $1,000, you’ll receive a bonus of 50% AND double your bonus, making it 100% after you’ve traded 100 lots. This is truly an unparalleled offer.
As a new trader, you can also guarantee a low fixed spread of 1 pip on any 1 major pair of your choice when you open a classic account, or alternatively you can open a VIP account with a fixed 2 pip spread on all majors, or even a Platinum account with a fixed 1 pip spread on all majors. That means even more money back in your pocket. Another unique offer that 4XP offers for new traders is the “protected account” which ensures that you can only profit from your trades in a period of one month, so that you can fine tune your trading strategy.
4XP Full Supports iPhone Trading. Search for "4XPhone" in the Apple App Store.
Features Of The 4XP Online Trading Platform & Mobile Trading
4XP not only offers you the ability to trade with the ever popular Metatrader 4 and Metatrader 5 platforms, you’ll also be able to trade on the go with the 4XP Web Trader platform which allows you to trade anywhere with no downloads required. In addition, you can also use the 4X Phone platform which will allow you to turn your iPhone, iPod touch or iPad with iOS 4 and above into a mobile trading device.
In addition to these standard offerings, you’ll also be able to utilize their Auto Trading platform, which will give you access to their unique automated strategies that you can customize and profit from easily.
4XP Trading Tools & Education
Not only does 4XP provide you with the top notch solutions on their platform, they ensure that you’re getting the very best foundation to build your Forex trading profits upon. You’ll be getting free access to cutting edge webinars, one on one coaching and many online/offline courses that will guide you on every vital topic in the field of Forex trading. You can easily test yourself on your progress with the free demo account or protected account with zero risk.
Opening An Account With 4XP
To open an account with 4XP, all you need is $100 to open a classic account, and $1,000 to open an ECN account. Whether you’re a new or experienced trader, there are many unique and exciting features of 4XP that will make opening an account with them worthwhile. I highly recommend it.
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