de | cn | ru

4xbrands Review - is it scam or safe?

4xbrands Review - is 4xbrands.com scam or good forex broker?

RATING: 1 / 3 REVIEWS 4xbrands
4xbrands is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Min. deposit Min. trade size Max. leverage Spread (commission*)
Micro $100 0.01 1:500 From 1 pip
Standard $50 0.01 1:300 From 1 pip
Premium $25 000 0.1 1:100 From 0.6 pips + $6 / lot
VIP $100 000 0.1 1:100 From 0.2 pips + $6 / lot


*The commission is per standard lot round-turn.

 

4xbrands offers the account types listed above, plus a swap-free account for investors of Islamic belief. All of them provide variable spreads on the MetaTrader 4 platform.

 


4xbrands Advantages

 

MT4 platform supported

MetaTrader 4 is being offered by the majority of forex brokerages, as it is preferred by most traders – both novice and experienced ones. Mt4’s charting is amazing, one of the best in the industry. Besides, the platform is equipped with wide range of custom technical analysis indicators and and automated trading systems (better known as Expert Advisors). On top of that, there are multiple custom tools for the platform available at the MQL marketplace.

 

(Seemingly) competitive spreads

When we tried out the broker’s demo accounts, the spreads were floating around 1.4 – 1.5 pips on EUR/USD, with no commission fees. Such spreads fall within the average range of 1.0 – 1.5 for this pair. Of course, many brokers offer better spreads, and more importantly, some of them are regulated, while 4xbrands is not.

 

>> Compare the real-time spreads of top forex brokers <<

 


High leverage ratios
Having the option to use high leverage levels is nice. However, do not fee obliged to use it to the fullest, as it you can lose a lot on a single trade.

 

4xbrands provides leverage ratios up to 1:500, which is is considered a high level, although a number of brokerages provide similar or greater ratios.



Diversified product portfolio

4xbrands offers trading in many currency pairs, as well as various CFDs, including on a number of cryptocurrencies - Bitcoin, Ethereum, Ripple, Dash, and Litecoin.

 

If you are keen on trading in Bitcoin, you’d better choose among some of the brokers listed below, as they are duly licensed.

 



>>Trade Bitcoin with a trusted forex broker<<



4xbrands Disadvantages



No info on the company, no regulation

As is usually the case with offshore brokers, 4xbrands does not tell potential clients much about the company. The About us section on their website contains only vague thoughts on the broker’s mission, goals, as well as some promises.

4XBRANDS LTD , doing business as 4xbrands, is a company registered offshore, in Saint Vincent and the Grenadines. Offshore brokers are generally to be avoided, due to the loose regulatory environment in which they operate.

 

Related to a group of brokers around Easy FX Solutions

First, 4xbrands demo MT4 is powered by Easy FX Solutions - a company that offers brokerage incorporation and related services. We have reviewed a couple of brokers that use this company’s MT4 and all of them are based offshore. Some of them, like Up4x, appear to be scams.

 

Just a couple of days ago we reviewed Tradeu2, yet another unregulated forex brokerage that uses Easy FX Solutions’ services. When we went through the page of 4xbrands, we noticed that the websites of the two brands are almost identical, with some minor differences. This is yet another red flag. See for yourself:

 

 

 

The content in the About us sections is identical, only the brand is different. The structure of the two websites is the same, and so are the spreads and the trading platform, even the financial instruments offered.

 


Conclusion


The offering of 4xbrands seems good: many financial instruments available for trade on the MT4 with competitive spreads and high leverage levels. However, it is an offshore forex broker whose platform is provided by another company, and its website is almost identical to that of an another forex broker. Those two facts to the obvious conclusion that 4xbrands is not a reliable broker.

 

We generally encourage our readers to trade with regulated companies, because it is safer. Licensed brokers are required to meet certain requirements. For example, all brokers licensed in the European Union have to report their transactions, to keep clients’ money in segregated accounts in order to guarantee their security, follow certain AML and KYC procedures and more. We like to give the United Kingdom’s Financial Conduct Authority (FCA) as an example of a top-tier regulatory agency.



>>FCA-regulated brokers<<

 

 

One of the most important things about regulation in the UK is the coverage by the Financial Services Compensation Scheme (FSCS). If a FCA-regulated entity becomes insolvent, the FSCS may compensate up to GBP 50 000 per client.



Here are, once again, the strong and weak sides of 4xbrands:

 

Pros Cons
MT4 platform supported Registered offshore
(Seemingly) competitive spreads MT4 is powered by Easy FX Solutions
High leverage levels Website almost identical to that of another broker
Cryptocurrency CFDs offered  

 

Latest news about 4xbrands
No news about 4xbrands. Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for 4xbrands

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

4xbrands - vorrei chiedere un prelievo e non mi rispondono proprio

una esperienza negativa e non la consiglio a nessuno perche non ti rispondono e sono imbroglioni adesso vi mando alcuni numeri di telefono per contattarli tanto quelli sono bastardi non ti danno i tuoi soldi .io ho un capitle di 21 mila euro e loro non mi rispondono e da denuciare per favore ditemi a chi mi devo rivolgere.

Translated by Google:

a negative experience and I do not recommend it to anyone because they do not answer you and are cheaters now I send you some phone numbers to contact them so they are bastards do not give you your money. I have a capitle of 21 thousand euros and they do not answer me to denounce, please tell me who I should contact.

Giovanna Botticella Botticella 09/12/2018

cosa si puo fare.....

Sono con 4xbrands da 3 mesi , capitale versato 1293 £ , 570 di profitto e bonus dalla società.
Facendo richiesta di prelievo all'account manager questi mi risponde che il mio capitale è congelato e che dovrei fare un ulteriore versamento per sbloccarlo.
Parla di piano finanziario a cui mi avrebbe iscritto e per il quale mi viene richiesto ulteriore denaro.
piano finanziario?
Se potete darmi una indicazione su come comportarmi.
cordialmente

Rolando Transi

Translated by Google:

They are with 3-month 4xbrands, paid-up capital of £ 1293, a profit of 570 and a bonus from the company.
By requesting withdrawal from the account manager, he replies that my capital is frozen and that I should make a further payment to release it.
He talks about the financial plan to which he would subscribe and for which I am asked for additional money.
financial plan?
If you can give me an indication on how to behave.
cordially

Rolando Transi

Rolando transi 05/28/2018

Absolute and utter SCAMMERS

Absolute and utter 100% SCAMMERS

D Pezet 05/11/2018
de | cn | ru