4XP Forex Broker

Forex Place limited which is commonly known as 4XPforex broker was founded in the year 2009 and has also started their internet based online trading system the very same year. They have their office in British Virgin Island and are not a regulated company. They do entertain traders from United States to trade from their account. They have different bonus offers which attract the customers all over the world. Their website offers educational materials like tutorials and webinars for free of cost. The Islamic accounts are also available for Muslim traders who follow Islamic laws on trading. Some other features which is liked by many traders are hedging, overnight interest rates, trailing stops, pending orders, one click trading, mobile trading, browser based platform and automated trading. They have various payment options which help in a hassle free transactions both in and out of the account. The currency in the account that is allowed to the traders is Euro and United States Dollar. They have 48 currency pairs in which the traders can trade in and include all the major pairs.

They offer Demo account to the trader and the trading platform offered is Meta Trader 4 and Meta Trader 5. However, for the real trading account they also offer Web Trader along with these two platforms. They allow the use of Expert Advisor while trading and hence is of great use. The trading platform offered by the company is the most renowned and used platform in the forex market. They offer three different types of trading account that is Classic, ECN and Binary Option. The minimum deposit required to open an account with them is only $100 and the minimum position size is 0.01 lots. The spread on the trade is fixed and hence the trader is aware of the cost of the trade before placing the order.

The reviews being the best medium to know about a company’s performance and the reviews for 4XP forex broker is pretty good. The first thing that a person sees while searching a company is its website. The website creates the first impression and the website for 4XP is very impressive with it being available in 10 languages. The customer support service is excellent with one drawback that it is available only in English. They have 48 currency pairs to offer and it includes all the major pairs along with some exotic pairs. Their mobile trading service is also liked by many traders as it allows them to trade when they are travelling and the software can be easily downloaded on the iPhone and other android phones. They allow traders from United States to do trade from their account. Some of the disadvantages of trading from their account is that they are not regulated and that their spreads are very high, even when they say it is fixed. However, the advantages far outweigh the disadvantages and the average rating given to the company by its users is 5.6 out of 10, which is a good score.

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