Abstract:4XCapitals, launched in 2021, is a broker focused on forex and commodities. The broker features the MetaTrader 5 platform, and offers a variety of account types, each providing different options for leverage and spreads. Despite these offerings, 4XCapitals is constrained by limited customer service, a lack of educational materials, and restricted payment options. Additionally, it levies non-trading fees like inactivity and account maintenance fees, which could impact certain traders significantly.
Aspects | Information |
Company Name | 4XCapitals LLC |
Registered Country/Area | Saint Vincent and the Grenadines |
Founded Year | 2021 |
Regulation | No Regulation |
Tradable Assets | Indices, Commodities |
Account Types | Gold, Diamond, Ruby |
Minimum Deposit | Gold: €250, Diamond: €2500, Ruby: €10000 |
Maximum Leverage | Gold: 1:100, Diamond & Ruby: 1:500 |
Spreads | Gold: 1.7 pip, Diamond & Ruby: 0.1 pip |
Trading Platforms | MT5 |
Customer Support | Not Available |
Deposit & Withdrawal | Bank Transfer, Credit/Debit Cards |
4XCapitals, established in 2021 and based in Saint Vincent and the Grenadines, specializes in indices and commodities trading. It offers three account types: Gold, Diamond, and Ruby, each tailored with unique leverage, deposit, and spread characteristics. Operating on the MT5 platform, 4XCapitals appeals to traders who are familiar with this advanced trading environment. The absence of regulatory oversight, customer support, and educational materials positions 4XCapitals as a choice for experienced traders. Its financial operations include bank transfers and credit/debit card transactions, with additional non-trading fees like inactivity and account maintenance charges.
4XCapitals harnesses the sophisticated features of the MetaTrader 5 (MT5) trading platform, presenting a dynamic and comprehensive trading landscape for its users. The broker's various range of account offerings is designed to suit various trading approaches and financial capacities, providing clients with a personalized trading journey. The option to trade with leverage as high as 1:500 stands as an opportunity to maximize potential returns.
Conversely, the absence of regulatory supervision with 4XCapitals raises red flags about the safeguarding of client assets and the overall conduct of the broker's operations. Fees for inactivity and account maintenance may alienate those in pursuit of a trading platform that favors lower costs. A narrow array of payment options could stifle the ease of managing funds, and without customer support, traders are left without a lifeline for operational or technical inquiries. The deficiency of educational materials could also stunt the growth of inexperienced traders.
Pros | Cons |
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4XCapitals operates without regulation, and engaging with this unregulated broker presents considerable risks. The lack of regulatory supervision implies potential uncertainties in the safety of client funds and transparency of trading operations.
4XCapitals, operating as 4XCapitals, specializes in a select range of market instruments, focusing on indices and commodities.
Indices provide a composite view of a particular stock market or a segment of it, allowing traders to speculate on the economy's overall direction without having to select individual stocks. Trading indices can offer insights into the health of industries and economies, making them a strategic choice for those looking to engage with market trends.
Commodities trading involves raw materials used in the production of goods, including metals, energy, and agricultural products. These markets are known for their volatility, which can arise from changes in supply and demand, geopolitical tensions, and fluctuations in currency values. Commodities are often used by traders as a hedge against inflation or currency devaluation, making them an essential component of a diversified trading strategy.
4XCapitals offers three distinct trading accounts: Gold, Diamond, and Ruby.
Gold Account:
Minimum Deposit: €250
Maximum Leverage: 1:100
Spreads: From 1.7 pips
Minimum Position: 0.01
Commissions: None
Diamond Account:
Minimum Deposit: €2500
Maximum Leverage: 1:500
Spreads: From 0.1 pip
Minimum Position: 0.01
Commissions: None
Ruby Account:
Minimum Deposit: €10000
Maximum Leverage: 1:500
Spreads: From 0.1 pip
Minimum Position: 0.01
Commissions: None
Each account type is designed to appeal to different levels of traders, with varying degrees of leverage and spreads. The Gold account is more accessible to new traders thanks to its lower deposit requirement, while the Diamond and Ruby accounts appeal to more experienced traders with higher deposits and tighter spreads.
Feature | Gold Account | Diamond Account | Ruby Account |
Minimum Deposit | €250 | €2,500 | €10,000 |
Maximum Leverage | 1:100 | 1:500 | 1:500 |
Spreads | From 1.7 pips | From 0.1 pip | From 0.1 pip |
Minimum Position | 0.01 | 0.01 | 0.01 |
Commissions | None | None | None |
To open an account with 4XCapitals, follow these steps:
Navigate to 4XCapitals Website: Go to the 4XCapitals website and click on the registration option.
Complete Registration Form: Enter your personal details such as name, email, phone, and country in the registration form.
Choose Account Type: Select from the Gold, Diamond, or Ruby accounts, each offering different trading conditions.
Identity Verification: Provide required documents for identity verification, a key step for security and regulatory adherence.
Deposit Funds: Deposit the required amount for your chosen account via bank transfer or credit/debit card.
Finalize and Access Account: After verification and funding, you'll receive access to your account, ready for trading on the MT5 platform.
4XCapitals offers different levels of maximum trading leverage depending on the account type:
Gold Account: The maximum leverage available is 1:100. This level of leverage is relatively moderate, making it a suitable choice for traders who prefer to maintain a balance between potential returns and risk exposure.
Diamond and Ruby Accounts: These accounts offer a significantly higher maximum leverage of 1:500. Such high leverage can amplify potential profits but also increases the risk of substantial losses. It's important for traders to exercise caution and use risk management strategies when trading with this level of leverage.
4XCapitals offers different spread and commission structures across its various account types:
Gold Account
Minimum Spread: 1.7 pips
Commissions: No commissions are charged for the Gold Account.
Diamond Account
Minimum Spread: 0.1 pip
Commissions: There are no commissions for the Diamond Account.
Ruby Account
Minimum Spread: 0.1 pip
Commissions: The Ruby Account does not involve any commission charges.
Account Type | Spreads | Commissions |
Gold | From 1.7 pips | None |
Diamond | From 0.1 pip | None |
Ruby | From 0.1 pip | None |
4XCapitals, appealing to a various clientele, implements specific non-trading fees:
Monthly Inactivity Fee: Accounts that are inactive for more than 12 months are subject to a monthly inactivity fee of $10. This fee underscores the importance of regular trading activity or account management to avoid unnecessary charges.
Annual Account Maintenance Fee: Additionally, 4XCapitals charges an annual fee of $30 for account maintenance. This fee is applicable to all accounts regardless of trading activity levels.
4XCapitals provides its clientele with the MetaTrader 5 (MT5) platform, a leading choice in the trading world, known for its versatility and advanced features:
Robust Charting Capabilities: MT5 offers extensive charting tools, enabling traders to conduct thorough market analysis with an array of technical indicators and graphical tools.
Automated Trading Support: The platform is equipped to facilitate algorithmic trading, allowing the use of Expert Advisors (EAs) for automating trading strategies.
various Market Access: Traders can engage with various financial markets, including indices and commodities, through MT5, making it a versatile platform for multi-asset trading.
Intuitive User Experience: MT5 is designed with a user-friendly interface, making it accessible for beginners while still appealing to the needs of seasoned traders.
4XCapitals offers different minimum deposits for its three main account types:
Gold Account: Requires a minimum deposit of €250.
Diamond Account: Has a higher minimum deposit requirement of €2500.
Ruby Account: Demands the highest minimum deposit of €10000.
These varying minimum deposit amounts appeal to different levels of traders, from beginners to more experienced ones.
4XCapital provides its clients with basic deposit and withdrawal options, primarily through bank transfers and credit/debit cards. This indicates a somewhat limited range of payment methods compared to other brokers in the industry that often offer a wider array of options, including various e-wallets and cryptocurrencies.
4XCapitals does not provide customer support services via phone or email. This absence is a notable limitation, especially for new traders who typically depend on customer support for assistance and guidance. Without support channels like email, phone, or live chat, clients of 4XCapitals face challenges in resolving queries or issues promptly, which could negatively impact their trading experience.
4XCapitals, launched in 2021 and operating without regulation, presents a dual-sided scenario for traders. Its advantages include the utilization of the advanced MetaTrader 5 platform and a variety of account types with differentiated leverage and spread options.
However, the lack of regulatory oversight casts a shadow over its reliability, with concerns regarding the security of client assets and operational transparency. Further, the broker's offerings are marred by the absence of customer support, limited educational materials, restrictive payment methods, and extra non-trading fees.
Q: What trading platforms are available at 4XCapitals?
A: 4XCapitals utilizes the MetaTrader 5 platform, appealing to traders who prefer a platform with advanced analytical capabilities.
Q: Does 4XCapitals operate under regulatory supervision?
A: No, 4XCapitals is not regulated.
Q: What types of trading accounts does 4XCapitals offer?
A: They offer a variety of accounts, including Gold, Diamond, and Ruby, each featuring unique leverage and spread configurations.
Q: Can I trade a variety of instruments with 4XCapitals?
A: The broker's focus is primarily on indices and commodities, providing specific options in these markets.
Q: Is there educational support for new traders at 4XCapitals?
A: 4XCapitals does not offer extensive educational materials, potentially limiting learning opportunities for novice traders.
Q: What kind of customer support does 4XCapitals provide?
A: Customer support at 4XCapitals is somewhat limited, which might be a concern for traders requiring regular assistance.
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.
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