The 4xp brokerage company, like many brokers for Poland offered
The 4xp brokerage company, like many brokers for Poland offered its services for working with Forex traders, lasted from 2009 to 2014. Today, it ceased operations, having not fulfilled obligations to customers. The company was registered in the British Virgin Islands (Tortola) and controlled by CySec (Cyprus Securities and Exchange Commission).
What reviews Forex broker deserved from traders in POLAND for registration data and how was it evaluated from them in terms of reliability?
Initially, the attitude of traders in Poland to the basic data about the company was ambiguous. On the one hand, it had a financial regulator, which should guarantee protection against fraud and scam. But on the other hand, this regulator was Cypriot, and the company was in a completely different place. The term of the company was not too long, so it did not have time to acquire a reputation at his expense. But even so, many traders considered the company reliable enough.
At the beginning of activity, a broker deserved MIXED reviews
Terms of cooperation and customer accounts
The company's offer to potential customers was not much different from what brokers usually do for Poland.
Deposit - from $100;
Leverage - up to 1:400;
Lot - from 0.1;
Spread - from 0.3;
Type of spread - fixed and floating, depending on the client account;
Commission - present;
Trading terminal - MetaTrader4.
Accounts for traders were offered several types: standard, ecn and binary.
What reviews Forex broker deserved for trading conditions?
At the beginning of the company, traders found the trading conditions attractive. They reacted positively to the presence of ecn accounts, a small spread size and an affordable minimum deposit.
At the beginning of its activity, the broker reviews earned for the proposed trading conditions
4xp services differed from the standard package of customer support, which is most often offered by brokers for Poland, except for the possibility of auto-copying transactions. At that time, it was not offered by every broker. They included:
- support 24 hours a day;
- automatic trading;
- providing fresh information and analytics.
What Forex broker reviews earned for the quality of customer service?
Initially, the feedback on the work of support and service in the company as a whole was positive. Over time, the picture began to change for the worse. Posts began to appear about incorrect support work, delays and delays leading to a drain of the deposit and, in the end, that the company behaves like scammers.
We can say that at the end of the business, broker reviews earned for the quality of customer service were
Methods and quality of mutual settlements
The set of methods for depositing and withdrawing funds was rather small. Many brokers for Poland could offer the trader a much wider and more convenient arsenal. 4xp suggested:
- bank transfers and cards;
What are the reviews Forex broker deserved for crediting payments and conducting settlements with customers?
At first, the company paid its clients correctly - feedback from traders testifies to this. Later misunderstandings and delays began, then frank non-payments followed, which caused a wave of accusation from clients who claimed a divorce and scam. In the current situation by 2014, it was quite obvious to many traders that the company was scammers. As a result, there were reports that the financial regulator deprived the broker of a license and the company ceased operations.
In the final of his activity, the broker earned NEGATIVE reviews.