Read this 4xCube review before sign up and login to find out all details of trading conditions, broker spread & fees, withdrawal methods, no deposit bonus, and more.
4XC offers CFD and forex trading on MT4 and MT5 platforms. In addition, the broker provides an opportunity to invest in PAMM accounts and use social trading.
Is a broker a good choice or should you find another? You will find out now.
Content
Trading conditions & official site
| Official site | https://4xc.com |
| Year of foundation | 2016 |
| Regulated by | Cook Islands Financial Supervisory Commission (FSC); Financial Commission |
| Trading instruments | 380+ CFDs on Forex, shares, metals, indices, cryptocurrencies |
| Spreads and commissions | Above average / High floating spreads during the day EUR/USD – from 0.7 pips GBP/USD – from 1.1 pips USD/JPY – from 0.8 pips XAU/USD – from 210 pips Oil – From 8 pips FTSE 100 – from 110 pips More about spreads |
| Most popular | 4xCube in Indonesia, Brazil, India, South Africa, Namibia, Algeria, Egypt |
| Provision of services in the US, UK, Canada, European Economic Area | The European Economic Area and UK The US, Canada and France |
| Min. trade size | 0.01 |
| Leverage | Up to 1:400 |
| Account types | Standart, Pro, VIP |
| Minimum deposit | $ 10 |
| Minimum withdrawal | |
| Deposit & withdrawal methods | 12 |
| Payment Fees | Fee 0-6% |
| Trading hours | 24/5 |
| Trading platforms | MT4, MT5 |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | |
| Affiliate program |
Is 4xCube safe or a scam?
Broker 4xCube was founded in 2016 and is a brand of Geomatrix Ltd. The company is registered on the Cook Islands and licensed by the FSC (Financial Supervisory Commission). It is also a member of the Financial Commission.
Does this mean that the 4xCube broker is safe and reliable? Not really.
FSC and the Financial Commission are tier-3 regulators with a low level of trust. In case of scam by the broker, most likely they will not help you. But their licenses allow legal brokerage in many countries.
Well, at least on the trustpilot site, 4XC has a rating of about 4.6. So, traders are happy with the broker’s services? Again, this is not the case. A huge number of reviews about 4XC are fake. They are pretty easy to find. This is a purchased rating boost.
Therefore, 4xCube cannot be called reliable and safe. But it may not be a scam.
Trading platform and offers
The first thing 4xCube Ltd. offers to clients is the execution of trades using the STP. This is not an innovation and many brokers have been using this system for a long time (For example, FxPro and Swissquote have the highest order execution speeds). But still, it’s good. The broker has direct access to a pool of 21 liquidity providers and a bank. As a result, there are practically no delays in opening deals and no requotes.
The broker does not have its own platform. Trading is possible on the MT4 and MT5 platforms. For many traders this is enough. The MT4 and MT5 terminals are classics among traders. They have a user-friendly interface and a standard set for market analysis.
4xCube provides a free and unlimited demo account. So, beginners can learn to trade and use trading strategies, as well as test robots and advisors.Not all financial instruments are available on a demo account.
For live accounts, the broker has about 380 assets. Most of them are CFDs on stocks (about 300) and Forex (about 70). The maximum leverage is up to 1:400.
Types of real accounts
In total, 4xCube has 3 types of real accounts: Standard, Pro and VIP. The main difference between the two is the different spreads and commissions.
A Standard account is assigned after top up the account with a minimum deposit of $ 10. Spreads are from 0.7 pips, and there are commissions only for deposits and withdrawals.
4XC provides a Pro type of account for more experienced traders with a deposit of $ 1000. It has the lowest spreads from 0.1 pips, but there is a commission of $ 3 per round-turn lot.
Finally, traders can get a VIP account with a deposit of $ 25,000 or more. After that, the broker provides the client with a personal manager, the possibility of free deposit and withdrawal of funds and spreads from 0.2 pips (in fact, from 0.5 pips).
We can definitely say that this account type system is very bad. You get a minimum of benefits for a high price. Moreover, the broker does not show high reliability and it is definitely not worth depositing large amounts.
There are many more high-trusted CFD brokers with better trading conditions even without a large deposit, for example eToro, Libertex, Plus500. And you can find the best bonus offers for different accounts at Olymp Trade.
Spreads and fees
Broker 4xCube has below industry average spreads for CFDs on forex, indices and shares. The spread for the EUR/USD is from 0.7 pips, for GBP/USD – from 1.1 pips. But it is quite high for some assets, for example for CFDs on metals and oil. The spread for CFD on Gold is from 210 pips, and for CFD on Oil it is 8 pips.
In fact, spreads are higher. During the day, they can reach the industry average. At night, they can increase greatly. However, for some assets, spreads can be small and are suitable for intraday trading.
Trading commissions are charged only on a Pro account. They are $ 3 per round-turn lot.
4xCube social trading: PAMM and Hokocloud
However, 4XC has a social trading section. You can invest in PAMM accounts of other traders. PAMM account owners charge a certain (and quite high) commission for successful trading. You can also create your own strategy and set a commission for its use.
Few use the social trading service of the 4xCube broker. This is evident in the small number of strategies and investors. In addition, some PAMM accounts look fake with huge losses. At the same time, in the beginning they have a large profit.
It is worth investing and copying trades only on very reliable trading platforms! The undisputed leader in social trading is eToro.
The broker also offers free access to an independent HokoCloud copying platform. This is slightly better than using the 4XC PAMM account. But in general, this is not a completely safe platform and the commissions for good strategies are very high.
Mobile app
To trade from a mobile phone on 4xCube, you can use the MT4 or MT5 app. This allows you to trade on the go. The apps are fast enough with a good internet connection. This is necessary to receive quotes in real time. There are 30 trading indicators and charting tools available for technical analysis.
MT4 and MT5 applications are safe and available for Android, iOS and Huawei operating systems in almost all countries.
Deposit, withdrawal and fees
The minimum deposit on 4xCube is only $ 10. Of course, this may not be enough for online trading. But this is enough to assess the speed of order execution by the broker.
There are many ways to deposit and withdraw funds on 4xCube, including bank transfer, credit cards, e-wallets, and crypto. It is worth noting a large selection of payment methods via e-wallets: PayPay, GlobePay, PayR, SticPay, FasaPay, WeChatPay, Perfect Money, UnionPay, AstroPay, hel2pay and Plural.
But there is also a big drawback. The broker charges huge fees for deposits and withdrawals. Here is some of them.
| Payment Method | Deposit fee | Withdrawal fee |
|---|---|---|
| Visa/Mastercard | 3% | 0.5% |
| PayPal | 3% | 3% |
| Bitcoin, Bitcoin Cash, Ethereum, Dash | Min 50 $ | $ 25 |
| GlobePay | 2% | No |
| FasaPay | 0.5% | No |
| Perfect Money | 6% | No |
So, you will lose a lot of money even before trading.
Bonuses and contests
At the moment, 4xCube does not provide clients with a no deposit or welcome bonus.
But every trader can take part in the contest. Every month you can win Tesla Model 3 for the highest trading volume. For the second place the participant will receive $ 3000, for the third place $ 2000.
The 4xCube contest is most likely fake. The broker does not keep a record of the prizes awarded. And in the leaderboard you will see only a few active members.
Research and Education
The 4XC’s training section is rather small. It consists only of a series of webinars that will help beginners understand the basics of forex and CFD trading. You will not find any unique trading articles and strategies here.
To keep up with the news, there is a customizable economic calendar. The broker does not do its own market analysis.
Pros and Cons
Pros
Fairly average spreads for many trading instrumentsSmall amount of the minimum deposit ($ 10) and withdrawal ($ 1)
Average number of CFDs on Forex (70+) and stocks (300+)
Free and unlimited demo account
Cons
4xCube is a low trust broker. There are 2 tier-3 regulators and a highly inflated rating with fake reviews.Social trading and contest looks fake.
Broker charges high fees for deposit and withdrawal
Bad offers for different account types
There is practically no market research and education section
Conclusion on the 4xCube review
The conclusion from the 4xCube review is obvious: it is not suitable for CFDs and Forex trading. It has terrible trading conditions, low reliability and a lot of fake. Its copying service is not secure and can lead to large losses.
The main advantage of 4XC is low spreads for some assets. But 4XC isn’t safe and low spreads can only be a bait for traders.
So there is a lot of reason to think 4xCube is a scam broker.
It is best to choose one of the reliable brokers for CFDs trading, such as eToro, Libertex, Plus500, Swissquote or other high-trusted brokers.
Accepted countries
4xCube accepts traders from Indonesia, Brazil, India, South Africa, Namibia, Algeria, Egypt, Poland, Thailand, Sweden, Germany, United Arab Emirates, Qatar, Saudi Arabia, Italy and many other countries.
FSC Cook Islands license allows legal brokerage in most countries. 4XC doesn’t operate only in certain jurisdictions such as USA, Canada, Iran, France and North Korea.
You can definitely choose the best brokerage services in Europe and beyond (listed above).
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