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2020-02-07 12:06:00

A review on the topic “Brokers for Poland” reviews the activities of 4xp, which completed work on the market by the end of 2014.

Year of market entry - 2009

Location of broker's head office - Tortola, British Virgin Islands

Financial Regulator - CySec

The company was part of the financial group Forex Place Ltd. and used ECN and Non Dealing Desk technologies in its activities.

Polish traders reviews on general information about 4xp

Forex broker positive reviews

Forex broker negative reviews

A few

• Offshore as a place of registration became an occasion to suspect the company of fraud and scam;

• The effectiveness of a financial regulator that does not match the location of the company has been criticized.

 

Terms of cooperation

Due to the use of ECN and Non Dealing Desk, 4xp trading conditions differed from what brokers usually offer for Poland:

Accounts could be:

• standard;

• binary;

• ECN (regular and advanced without requotes).

The rest of the proposal was as follows:

Minimal deposit

$100

Trading instruments

Currency pairs, metals, indices, energy, binary stock options.

Leverage

1:300

Spread

0,3

Lot

0,01

Trust management

+

Trading platform

MetaTrader4

 

At the beginning of the company’s activity, feedback on trading conditions was mixed.

Traders reviews on 4xp trading conditions

Forex broker positive reviews

Forex broker negative reviews

  • Ability to choose any type of account;
  • Food set of trading tools;
  • The possibility of trust management.
  • An overall rating as "not the most profitable»;
  • Suspicions that the broker is a bucket shop.

 

Over time, any discussion of the benefits of the terms provided was replaced by comments stating that the company was a scam.

 

Customer service

In customer service, the company was limited to options that are most often implemented by brokers for Poland:

Customer support

+

Eduation

Educational materials

+

Information and analytical materials

+

Promotions, contests, bonuses

-

 

Over time, the attitude of customers to the service in the company changed, more and more allegations appeared that the broker was a scam, and judging by the descriptions, the quality of services was declining. As a result, in total the entire mass of reviews is contradictory.

Traders' reviews on 4xp Quality of Service

Forex broker positive reviews

Forex broker negative reviews

  • For the work of a support service at the beginning of activity.

• For the work of the support service near the end of the activity;

• For delaying the resolution of various issues closer to the end of the activity;

• In the form of messages about the license revocation by the regulator.

 

Deposit and withdrawal of funds

For making payments, the following methods were proposed that are preferred by both brokers for Poland and their clients:

Bank cards

Visa, Mastercard

Bank transfers

 

Electronic payment systems

WebMoney, Moneybookers

 

Over time, feedback from traders about the quality of withdrawals has changed.>

Traders reviews of the quality of input and output of 4xp

Forex broker positive reviews

Forex broker negative reviews

  • • At first mass
  • • By 2014 – a few.
  • • For the inability to withdraw funds, which led to charges of fraud and scam;
  • • For delays in the withdrawal of funds.

 

The negative in the reviews grew gradually. The first posts that began problems with payments date back to 2011, that is, they appeared two years after the start of the company. Later, traders already complained en masse about problems with the withdrawal of funds, although even before the broker left the market there were still a few positive comments.

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Damian

Damian

Author

I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....

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