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4XP discussion

  • #1
  • First Post: Dec 8, 2010 5:01am Dec 8, 2010 5:01am
Good day all happy traders.

I came accross the brokers, 4XP, can anyone shed some light on them, good and bad.

Thank you
  • #2
  • Dec 10, 2010 3:27am Dec 10, 2010 3:27am
Quoting Forex X
Good day all happy traders.

I came accross the brokers, 4XP, can anyone shed some light on them, good and bad.

Thank you
I can say that i have good experience with them and they have excelent customer support.

Yoenes
  • #3
  • Dec 10, 2010 3:47am Dec 10, 2010 3:47am
Hi Yoenes

Thank you for your reply.

I have spoken to them and they are very friendly and just wanted to know about them as I can't really find anything about them on FF as I believe if you need to get help, you can get it here on FF.

Thank you

Have a great day.
  • #4
  • Dec 13, 2010 9:54am Dec 13, 2010 9:54am
I have a mini live account with these people. Transactions are slow. You sometimes have to wait for processing. Many times on closing trades you have the message of reconfirming price. They do not allow ea's. The platform experts message says so. No automatic confirmations or daily statements. Won't answer your emails. If you do manual trading exclusively they are ok.
  • #5
  • Dec 13, 2010 2:28pm Dec 13, 2010 2:28pm
Quoting keysharp
I have a mini live account with these people. Transactions are slow. You sometimes have to wait for processing. Many times on closing trades you have the message of reconfirming price. They do not allow ea's. The platform experts message says so. No automatic confirmations or daily statements. Won't answer your emails. If you do manual trading exclusively they are ok.
so as i know they allow expert trading i have talk with them and they have no problems with expert adivsors.
  • #6
  • Dec 14, 2010 5:05am Dec 14, 2010 5:05am
Thanks for the info JOOD. But in my platform I do have the expert message of ea not allowed to trade. I have sent these people an email two weeks ago and have not heard from them.
  • #7
  • Dec 14, 2010 5:18am Dec 14, 2010 5:18am
Hi have an account manager with them and he answered my emails although they like to rather call than email.

Happy trading.
  • #8
  • Dec 14, 2010 6:32am Dec 14, 2010 6:32am
Looks like just another unregulated bucketshop from eastern Europe that doesn't even provide a company address.

Stay away if you're a serious trader.
  • #9
  • Jan 25, 2011 2:54pm Jan 25, 2011 2:54pm
http://www.forexcrunch.com/seizure-o...t-forex-place/
  • #10
  • Jan 25, 2011 3:04pm Jan 25, 2011 3:04pm
What a surprise. lol
  • #11
  • Feb 22, 2011 7:20am Feb 22, 2011 7:20am
Hi guys,

This is my first post... i hope i'm not being too much of a noob here...

i nearly crapped myself when i heard about the lawsuit... this is my first time trading and so i'm naturally worried because i DO have quite a lot of money with this place and that whole seizing of assets doesn't sound good at all...

anyway, my friend said he heard that the lawsuit got canned? can anyone confirm? i googled but couldn't find anything...

if anybody knows... i'd really appreciate it... would do wonders for my sleep)

JJ
  • #12
  • Feb 22, 2011 1:12pm Feb 22, 2011 1:12pm
Quoting jjohansenn
i nearly crapped myself when i heard about the lawsuit... this is my first time trading and so i'm naturally worried because i DO have quite a lot of money with this place and that whole seizing of assets doesn't sound good at all...

anyway, my friend said he heard that the lawsuit got canned? can anyone confirm? i googled but couldn't find anything...

if anybody knows... i'd really appreciate it... would do wonders for my sleep)

JJ
Welcome.

Who cares about the case, just get your money out as soon as you can (if you can). It's not a safe bröker no matter what they tell you, especially in the long run.

Just trying to help.
  • #13
  • Feb 24, 2011 2:06am Feb 24, 2011 2:06am
Hey Marv,

Thanks for the quick reply ))

i called them up as soon as i saw your comment... i can't say they didn't try to convince me to stay.... which didn't surprise me... but at least they didn't go cable company on me... the money already showed up with my bank so i'll be sleeping tight tonight

btw, i went on looking up any info on that case and i ran into this:
http://www.forexcrunch.com/forexplac...court-hearing/

i don't know if this site is legit or not...

are 4XP really that bad? i mean i can't say i experienced anything bad but you got me worried...

thanks again!

JJ
  • #14
  • Feb 24, 2011 10:56am Feb 24, 2011 10:56am
I'm not sure why you went for an unregulated bucketshop based in BVI if you have a rather high capital. Is it the leverage? They don't look good at all, especially regulation-wise.

My advice would be not to wait for something bad to happen (usually that starts to happen when/if you start winning significant amounts). If you can live with lower leverage (100:1 ~ 50:1), there are much better and safer options out there.
  • #15
  • Feb 25, 2011 9:37am Feb 25, 2011 9:37am
I have been trading manually with these people and outside of the occasional re quote and busy messages, it has been no different than the other regulated brokers.

After some attempts at creative trading I had to fund the account to bring the balance up and after the sudden transfer and it was reflected in the account I noticed the deposit was doubled. a nice gift. By sudden transfer I mean that as soon as I actuate the transfer, a minute later the funds are available for trading. With other brokers there is a waiting time.

I'll see in the long run how things go especially when I make the profit.
  • #16
  • Feb 27, 2011 1:22am Feb 27, 2011 1:22am
well i can get why these brokers are risky, but why is 4XP any different?
i mean i didn't have any problems... even when i pulled my money out - and it was with a profit. nothing too impressive mind you, but wasn't bad at all.


if not, which other ones would you recommend? i'm reluctant to change because i'm not that great with computers so i'd rather not go through another learning process. i think i'll go back to them now that whole lawsuit thing was sorted out.
  • #17
  • Feb 27, 2011 4:00am Feb 27, 2011 4:00am
Hi everyone,

My name is Jayden Hamilton, I represent 4XP in forums.

First of all, I'd like to thank everyone who utilized our services and is happy with our offerings.

Second, I'd like to refer to the recent lawsuit filed against us and calm our traders. Our official press release can be found here http://www.4xp.com/press-releases.php.
In short, I'm happy to report that the judge found no grounds for the lawsuit and that no misconduct was found on our side.

Third, I'd like ask Marv, why is it that you're so negative towards 4XP? Have you had any bad experiences? If so, I'd be happy to know what happened so that we can learn how to better our services.

Thanks for reading,

Jayden Hamilton
4XP Customer Relations Manager
  • #18
  • Mar 7, 2011 2:30am Mar 7, 2011 2:30am
Jayden Hamilton, why is it some of your customers are able to use ea's and others not? Why is trading disabled and I am not made aware of it? Why is live chat disabled?

It is 3:28 am and I am normally not up at this time. Just checking on the trades and lo, I am finding problems. Need an explanation.
  • #19
  • Nov 12, 2011 7:44am Nov 12, 2011 7:44am
hi..,

i am using 4xp last one year..,I cut my own finger by using this broker.

No customer response, no live chat & i am not able to withdraw money from 4xp.

High Spread,No option in site to check our balance also minimum deposit of $250.

High withdraw admin Charge of $35.

Its really a useless broker.
  • #20
  • Last Post: Jul 11, 2012 5:33am Jul 11, 2012 5:33am
Today, i came across with this shocking database breach of 4XP. Have a look in below article which claims their databaes is exposed.

http://www.zsecure.net/blog/vulnerab...erability.html
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