4XCube Review – Is It a Good Forex Broker? - Eaglesinvestors

I’m sure you’ll agree with me that Forex is a highly risky field to invest in. Actually, only daring people would decide to invest in Forex without doing their due diligence first. In 2018, a Forex brokerage, named 4XCube established that by using the most popular MT4 platform and offers numerous accounts it would place itself number 1. Though it is attractive in its conditions, we cannot say whether it is safe or not… YET. Finally, in this 4xCube review, we will reveal everything about this broker. So, let’s find out what is in store for you.

4XCube is a CFD as well as Forex brokerage firm that is registered in the Cook Islands. As a matter of fact, in the Cook Islands, the Financial Supervisory Commission (FSC) licenses it. On the other hand, you will get an option to trade Forex, indices, commodities, and cryptos on the MT4 platform. A company located in Roratonga, Cook Islands, first found it in 2018. Although it is a new broker, still 4XCube claims to have a team with more than 20 years experience all over different markets.

4xcube review

Moreover, 4XCube supports low entry capital for its clients, with live trading starting from as little as $5.

Similarly, 4XCube reveals that it is an execution-only broker with no dealing desk (NDD). The brand serves the Straight-Through Processing (STP) broker model. To a pool of 21 liquidity, client orders are routed, and providers ensure speedy executions as well with no re-quotes. All kinds of traders and all trading strategies, as well as systems, are accepted with a broker.

4XCube Review – Overall Services and Products

In this 4XCube review, we explain that the business model of this brokerage strictly relies on the success of their clients. As a matter of fact, they have created an environment in which they managed to cover high-end technology, ultra-low spreads, innovation, and fast execution with exceptional customer service. As an execution-only broker without a dealing desk, they accept all kinds of traders and trading strategies, creating the optimal environment for success.

 

4XCube is highly honoured to have an award of the Best New Executing Only Investment Broker by International Finance Awards 2019. It is really a tribute for this brokerage as it offers lots of great features as compared to other competitors.

4xcube review

According to our 4XCube review, they offer Free VPS hosting and market news. It is emerging as a global entity in the financial industry, along with a group of professionals who will work with you in building your business.

Other than that, they also offer Auto Trading, which is the best key for traders who don’t have the time to trade or would like to showcase their own trading. Besides, it is also for those who simply want to remove all emotions from trading.

With 4 providers of AutoTrading, they also offer Trading Signals. They have 4 Auto Trading providers, including ZuluTrade, HokoCloud, MyFXBook AutoTrade, and MetaTrader Trading Signals. Other than that, they have trading competitions as well.

4xcube review

 4XCube has PARTNERSHIP programs:

Introducing Broker

  • It is a tailor-made refund program that goes with your business.
  • It has a Multi-Level Marketing refund program.
  • Moreover, it has daily payment options and the minimum payout amount of $100 or equivalent.

Affiliate Manager

  • With consistent client lifetime rebates, a hybrid payout is made.
  • It is a customizable multiple language marketing contents.
  • Moreover, it has free articles and daily market reviews.
  • It has educational materials.

Strategy Manager

  • It has full performance monitoring.
  • Accustomed with daily commissions from all followers
  • Custom spreads.
  • Performance fees are decided per tiers.

White Label Solutions

  • Highly competitive Institutional Pricing.
  • It has customizable aggregated streams.
  • Moreover, it has tier 1 banks and non-bank liquidity providers.
  • It is entirely reliable and transparent.

4xcube review

Trading Conditions

More the 80 trading instruments are available for the tight spread and fast execution speed. The broker also offers the best trading servers by partnering up with Rackspace.

 

Multilingual Client Support

4XCube offers multiple language support to their clients, and it will be there for you during the entire procedure.

Tailor-Made Partnership

4XCube understands that each market has its own conditions, and Partners need particular conditions to accomplish their objectives. They adapt to the business needs of their clients.  

Secured Deposits & Fast Withdrawals

4XCube does not make money with deposits and withdrawal fees, they cover half of what the payment processors charge them. Deposit and Withdrawal fees are 100% waved on VIP accounts (above $25.000). 4xCube has secure, Fast & convenient funding procedures that are customized according to your needs.

Even though 4XCube has an offshore licensed, they have capital requirements in place as well as transaction report. You can clearly check out the regulator requirements on the 2nd page of this link.  

Investor Protection and Regulations

Registration details of 4XCube Ltd show that it is registered in the Cook Islands with number ICA 12767/2018. FSC the Financial Supervisory Commission with the license number MC03/2018 also regulates it.

As a matter of fact, the funds of clients are held in separate accounts with some of the biggest banks. Forex traders should know that brokers don’t use these funds for day-to-day running expenses (this is a myth). According to 4XCube review, Binder Dijker Otte BDO audits it, which is a reputable global network of accounting and auditing firms with a presence in over 190 countries. Other than that, 4XCube uses the SSL (Secure Socket Layer) cryptographic protocol, which offers digital security, particularly for making online transactions. All the data of customers encrypted to avoid them from being accessed by hackers during transmission over the internet.

Registration details of 4XCube

 

In February 2019, 4XCube converted notably to a member of the Financial Commission. On the other hand, membership grants these body clients of 4XCube access to a huge range of services and membership benefits. It includes an insurance fund in compensation that will be paid to investors in case of broker liquidation.

MT4 Availability

As a matter of fact, you already know that 4XCube supports the most popular trading platform, the MetaTrader4 (MT4). The main reason behind why more than 80% of all the traders prefer using it is because the MT4 is a user-friendly and simple-to-use platform, it offers a plethora of practical features and tools. For instance, the charting package of the platform is the best, and it is particularly famous as well for its trading bits, which are known as Expert Advisors.

4xcube review

Low Spreads, High Leverage Levels

Ultimately, trading conditions are really good at 4XCube, and the leverage levels provided are high. It reaches 1:400 that will cover the needs of almost all kinds of traders. However, keep in mind, the more the leverage, the higher the risk of loss, you are invited to use lower leverage if you would rather have less market reach but a lower risk of loss if the market moves abruptly.

Besides, the trading cost with this broker seems to below, and the initial deposit required is not high. As an example, the benchmark EUR/USD spread is floating around 0.8 pips, and the broker does not charge any commissions, which means that the spread is the net amount you will pay to trade this pair.

On the other hand, keep in mind that even though the cost of trading is an essential criterion while choosing a Forex broker, it is not the only one. Even if a broker offers the tightest spreads imaginable, what difference does it make, if it would not let you withdraw? Always make sure the broker is regulated and it has proper systems in place!

Tradable Products of 4XCube

4XCube broker offers multi-asset trading opportunities. 48 currencies pairs, 2 metals, 11 indices, 1 cryptocurrency, and 2 commodities are included in the tradable assets on 4XCube.

Below you will see a list of asset index available with 4XCube broker:

INSTRUMENT CLASSNUMBER OF INSTRUMENTS
Metals2
Indices11
Currencies48
Cryptocurrency1
Commodities2

Other Sides of 4XCube

Regulated by an official Regulatory Body

Though 4XCube is regulated with a not-so-well-known regulatory body, it is safe and secure as it is regulated with the FSC. This agency has its rules & regulations, security firms and financially it is competitive. According to 4XCube review, it is owned and operated by 4XCube Limited. With reference to the information available on the website of 4XCube, this company is licensed and regulated with the Financial Supervisory Commission (FSC) in the Cook Islands.

In the South Pacific, this small island located with political links to New Zealand. The population in the South Pacific is around 20,000 people. However, regular audits of registered companies are done with the help of FSC.

The FSC carries out regular audits of registered companies, which includes the entities under the Money-changing and Remittance Businesses Act, for instance, 4XCube. Compliance with KYC is also monitored with AML regulations.

Just like CySEC and FCA, the commission of Cook Island has capital adequacy requirements for Forex brokers and obliges them to report their transactions to the regulatory body. Well, these things really matter to clients of Forex brokers, as it makes sure that their interests and funds are protected.

Limited Choice of Assets on Demo Accounts

Available on the official website information, you can trade Forex, Metals, Indices, Cryptos, and Commodities with 4XCube. When a demo MT4 account is opened, less than 30 currency pairs were available for trading as well as gold & silver. On the other hand, the broker states that the demo accounts don’t offer a wide range of financial products for trading, which is available only to live account holders.

This is because real-live trading is very different than Demo trading. Even if you are a professional and always making a profit in your Demo account, you need to be careful once you decide to move to your live account. Psychological preparation to trade with real money needs to be taken into consideration.

Safety of Funds

Account Isolation

4XCube keep funds of clients entirely separate from the company’s and are stored with reliable banks in special accounts. With the help of required coding, client accounts are guaranteed to only be available for the purpose of client funding. The company offers full protection of client funds for as long as they decide to keep them. The company does not use client funds for operational or investment purposes, and all accounts are monitored and examined by the broker’s external and internal auditors.

BDO Audited 4XCube

This brokerage firm is completely compliant with regular internal and external company audits. BDO performs its External Audit, which is one of the largest and reputable Audit firms in the world.

Member of the Financial Commission

On February 25, 2019, 4XCube status as a Member of the Financial Commission took effect and following the permission of its membership form by the Financial Commission. Thus the customers have access to a huge range of services and membership benefits including, but not limited to, protection for up to €20,000 per submitted compliant, backed by the compensation fund of the Financial Commission.

Corporation with Banks

4XCube amazingly works with several banks whose reliability is beyond question. On the page of “Deposit and withdrawal options,” you can find out more details about these banks.

Modern Encryption Technology

According to 4XCube review, it uses the SSL (Secure Sockets Layer) cryptographic protocol that provides safe connections for making transactions. From being accessed by third parties or being stolen while its transfer, the data is encrypted. Moreover, it is transmitted all at once to make sure that it stays intact.

Transparent Trading Condition and Information Policy

To make sure the complete transparency of businesses, 4XCube has done everything. 4XCube stick to a strict set of financial standards and are obliged to report our activities to the regulatory authorities periodically.

Account Opening

Our 4XCube review showcases the available types of accounts for the clients of 4XCube. These accounts include the Standard account, Pro account, and VIP account. The opening balances for the account are $5, $1000 and $25000 respectively.

The maximum leverage available for all account types is maxed at 1:400. Following are the account types:

4xcube review

Standard Account:

Standard account type is for beginner traders who want to experience live trading with minimum risks. For this account, the minimum opening balance is $5. The spread starts from 0.3 pips. Broker charges are issued into the floating spreads as no commissions are charged.

Pro Account:

Pro account type is designed for intermediate-level traders. As a matter of fact, the minimum amount to deposit is $1,000, and the spread starts from 0.1 pips. Commissions are charged at $3 per lot.

VIP Account:

Pro account type is for those professional traders who have access to lots of trading capital. Since the minimum account opening amount is $25,000, and the spread starts from 0.2 pips. Furthermore, no commission charges exist in this account. Ultimately, account-holders get a dedicated account manager and free deposits and withdrawal, as the company covers 100% of the payment provider’s expenses.

Opening a Demo Account

With 4XCube, demo accounts are also available. On the other hand, Demo accounts are really useful for practice, experimentations, learning, and strategy testing.

Typically a demo account is preloaded with virtual funds of up to $50,000. Click on the “Register” button to open an account, which is placed on the right-hand side of every webpage on the website. Alternatively, click on any of the “Open Account” buttons available on the homepage and some other pages.

Next, fund your account with virtual money and get ready to commence trading after installation of the MT4 trading platform. Next, download the MT4 platform from the website and install it.

Very importantly, choose the right server once the installation completes, either demo or live. Similarly, make a new demo or real account or login if you have an existing account. Trading can commence quickly as the MT4 trading platform screen displays. Residents of the USA as well as North Korea cannot avail the services of 4XCube.

Trading Competition

4XCube has partnered with TradeRace, which is the Ultimate Trading Championship. Register to show your skills and compete for unlimited cash prizes. From 4XCube trading commissions (spread and other charges) the unlimited prize is generated, and all participants are pooled for monthly and annual rewards.  

4xcube review

Likes & Dislikes

Pros
  • 4XCube has ultra-fast trade executions due to bespoken modern technology as well as several liquidity providers
  • It has low starting trading capital
  • Multiple deposit options, including CRYPTO
  • Competitive spreads and Low trading costs
  • Educational Materials, Signals, Competitions, VPS available
  • Autotrading such as Zulutrade available
Cons
  • Tradable assets are fewer compared to the competitor.
  • Deposit and Withdrawal Fees are completely waved only for VIP accounts.

FAQ

Here is a list of some of the “Frequently Asked Questions” about 4XCube brokers:

[select-faq faq_id=’8691′]
[select-faq faq_id=’8692′]
[select-faq faq_id=’8693′]
[select-faq faq_id=’8694′]
[select-faq faq_id=’8695′]
[select-faq faq_id=’8696′]
[select-faq faq_id=’8697′]
[select-faq faq_id=’8698′]

According to 4XCube review, they have a number of funding methods available on their official site. For deposit, clients can Bank Transfer, 2 Pay 4 you, Visa, Skrill, Neteller, Sofort, Vload, WeChat Pay, Perfect Money, Union Pay, Astro Pay, and Help2Pay. For withdrawal, they have Bank Transfer, 2 pAy 4 you, Visa, Skrill, Neteller, WeChat, Perfect Money, Union Pay, Astro Pay, as well as help2pay available for their clients. However, for internal transfers, 4XCube tend to use their own platform.

Final Thoughts

4XCube is a Forex broker that attracts everyone. Indeed, the website is designed carefully, and the trading conditions look attractive. Particularly, the primary issue with this broker is that a reputable governmental agency does not license it, and the clients have no valid assurance for the security of their funds (NOT MANDATORY FOR EVERYONE). However, this is not a big deal when you have other remarkable features. Though the Forex market is full of scam brokers, and we never recommend investors to deal with unreliable and fake entities, 4XCube is assured to be safe in terms of its well-structured accounts and tradable products.

5/5 (7 Reviews)

Leave a Reply

Your email address will not be published. Required fields are marked *

*

close-link
close-link