4XP Review

By mosesbet · Filed Under Forex Brokers Comments Off on 4XP Review 

4XP Review

4XP or Forex Place is an upcoming forex trading platform launched by a group of experienced online and offline entrepreneurs and capital market dealers in 2010. The company is based in British Virgin Islands and aims to provide the best forex trading products to customers across the world.

4XP platform is available in both online as well as in download versions. The platform also offers access to the foreign exchange market via telephone and mobile. Apart from English, 4XP website supports various other languages like German, French, Italian, Spanish, Portuguese, Russian, Turkish, Japanese and Arabic for the convenience of customers from different parts of the world. Although all trading platforms offer some common services, Forex Place is known to go that extra mile to offer something more.

General Trading Features at 4XP

The landing page of website is well organized and visually impressive. Forex Place offers Meta Trader 4 platform, one of the most preferred platforms in the industry. Meta Trader 4 has been specifically designed for forex market trade. It includes built-in simple but effective trading strategies and technical indicators to help you make the most profitable trading decisions. You have an opportunity to test the platform with their free demo account. You can open a live account once you are fully satisfied with a minimum balance of $500.

Different Types of Accounts at 4XP

Based on your requirements, you can opt for one of the various types of accounts offered by 4XP. You can start out by testing the platform using the $50,000 free demo account. Once you get comfortable with the platform, which won’t take long, you can progress to real money account.

Beginners can opt for a mini account or a classic account. The mini account can be opened with a deposit as small as $500. The classic account also allows you to trade smaller lots through mini account, but it offers additional features like guaranteed stop loss and fixed spreads. If floating spreads, leverage of 1:150 and $3.50 lot commission sounds attractive, you can opt for ENC account. This type of account also comes with the mini account option.

What Sets 4XP Apart from Other Trading Platforms

4XP allows you to trade in 50 different currency pairs as well as commodities like oil and gold. Customers do not need to pay any commission as the firm earns from the spread-buy difference. The best thing about Forex Place is that it allows hedging and scalping. This provides traders an amazing opportunity to maximize their forex trade profits through effective strategies. Another important factor which sets Forex Place apart from the other brokers is its 300:1 leverage. Withdrawal/deposit at 4XP is also extremely easy. You can choose any convenient method from options like bank wire, Moneybookers, credit cards, Netller etc. These factors as well as all the other common facilities offered by 4XP makes it a great choice for forex traders.

Learning Center and Customer Support at 4XP

4XP clients have access to extensive information offered by the site’s comprehensive learning center. Both beginners and experienced traders will find the fundamental tools, economic calendar, daily market analysis and the like offered by the site’s Live Dealing Room useful.

The live room acts like a forum and enables traders to interact with each other. You can ask questions to clarify your doubts or offer solutions to others. It is a great opportunity for those who are new to the foreign exchange market to interact with and learn more the experts. It also provides experienced traders an opportunity to keep up to date with the latest happenings in the market.

The customer support offered by Forex Place is helpful and prompt. Competent customer care representatives ensure that you get satisfactory answers for your queries at the earliest. You can clarify your doubts any time of day or night six days a week though email, live chat or telephone. With streaming trading rates, easy to use interface, secure payment options, mobile trading and much more, 4XP is definitely worth a try.

 

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