Is 4XP.com Legit or A Scam Broker?

There are several reasons to believe 4XP is a scam broker, and why you should avoid them altogether. Here are some red flags to be aware of:

• Unregulated Broker: A critical factor in choosing a forex broker is regulation. Legitimate brokers operate under the oversight of financial authorities, ensuring a level of security and accountability. 4XP, however, lacks any regulatory license, raising serious concerns about its legitimacy.
• History of Negative Reviews: Searching online for “4XP broker review” reveals a plethora of negative experiences from past clients. These reviews detail issues like withdrawal problems, unresponsive customer support, and suspected manipulation of trades.
• Company Discontinued: According to sources like ForexFraud.com, 4XP is no longer operational. This raises questions about the accessibility of funds deposited with the broker.

If you’ve encountered issues with 4XP or any other potentially fraudulent broker, consider seeking assistance from Broker Complaint Alert. This organization offers free consultations and can recommend recovery services to help recoup potential losses.

What is 4XP.com?

4XP, also known as Forex Place, used to be a forex broker offering trading in currencies, commodities, stocks, and indices. However, as mentioned earlier, the company appears to be defunct.

4XP.com Details

While details about 4XP are limited due to their discontinued operation, here’s a table summarizing some key points (if you can find any information on spreads, leverage, etc. you can add them to the table):

Deposits and Withdrawals

Information regarding deposit and withdrawal methods for 4XP is unavailable due to their inactive status.

If you have lost money to companies like 24options; or 24FX; please report it to us on our Report a Scam form.

Account Types

Similar to deposit/withdrawal details, specifics about account types offered by 4XP are unclear.

Red Flags and Warning Signs

Several red flags should deter you from considering 4XP:

• Lack of Regulation: As emphasized earlier, the absence of regulatory oversight is a significant concern. Regulated brokers offer a layer of protection for client funds.
• Negative Reviews: The abundance of negative online reviews paints a concerning picture of 4XP’s business practices.
• Company Defunct: The fact that 4XP is no longer operational raises serious doubts about the safety of any funds entrusted to them.

Customer Complaints and Negative Reviews Online

A simple web search for “4XP scam broker review” yields a significant amount of negative feedback from past clients. These reviews mention issues such as:

• Difficulties Withdrawing Funds: Several users reported encountering problems when attempting to withdraw their funds from 4XP.
• Unresponsive Customer Support: Reviews often highlight a lack of communication and assistance from 4XP’s customer support team.
• Suspicious Trading Activity: Some users expressed concerns about the potential manipulation of trades by 4XP.

4XP.com Alternative Brokers

Given the numerous red flags surrounding 4XP, it’s crucial to choose a reputable and well-regulated broker. Here are some well-regarded alternatives to consider:

• Interactive Brokers
• TD Ameritrade
• Charles Schwab

These established brokers boast robust regulatory oversight, reliable platforms, and excellent customer service.

Got Scammed by 4XP.com? We Help Victims!

If you’ve unfortunately been scammed by 4XP or any other fraudulent broker, don’t lose hope. Broker Complaint Alert can be a valuable resource. This organization provides free consultations and can recommend recovery services that specialize in helping victims recoup their losses. Remember, it’s never too late to seek assistance or You can report to us today using the form below.

Remember, forex trading carries inherent risks, so it’s essential to conduct thorough research before choosing a broker. By opting for a well-regulated and reputable company, you can significantly increase your chances of a successful and secure trading experience.