Precision4x-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-11-14 11:15

摘要：Precision4x was registered in 2023. It uses MT4 as its trading platform, and offers trading services on cryptos, stocks, commodities, forex, and so on. The leverage can be up to 1:500. Nevertheless, it is not strictly regulated, so potential risks cannot be ignored.

Note: Precision4x's official website https://precision-4x.com/ is currently inaccessible normally.

Precision4xReview Summary
Founded	2023
Registered Country/Region	The Virgin Islands
Regulation	ASIC (Revoked)
Market Instruments	Cryptocurrencies, Stocks/Equities, Indices, Commodities, Forex/Currencies
Demo Account	/
Leverage	Up to 1:500
Spread	Variable spread
Trading Platform	MT4
Min Deposit	$100
Customer Support	Tel: +61 2790 83805, +1 347-460-7504
	Email: support@precision-4x.com
	Address: 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918

Precision4x was registered in 2023. It uses MT4 as its trading platform, and offers trading services on cryptos, stocks, commodities, forex, and so on. The leverage can be up to 1:500. Nevertheless, it is not strictly regulated, so potential risks cannot be ignored.

Pros and Cons

Pros	Cons
MT4 provided	Inaccessible website
Multiple market instruments	Revoked ASIC license
	No demo accounts

Is Precision4x Legit?

Precision4x's license was revoked, and its current status shows that client transferring is prohibited.

	Australia Securities & Investment Commission (ASIC)
Regulatory Status	Revoked
Regulated by	Australia
Licensed Institution	PRECISION 4X PTY LTD
Licensed Type	Appointed Representative (AR)
Licensed Number	001283966

What Can I Trade on Precision4x?

On Precision4x, customers can trade Cryptocurrencies, Stocks/Equities, Indices, Commodities, and Forex/Currencies.

Tradable Instruments	Supported
Forex/Currencies	✔
Commodities	✔
Indices	✔
Stocks/Equities	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

Precision4x offers 3 types of accounts: Standard, VIP, and ECN.

Account Type	Min Deposit	Max Leverage	Spread	Commission
Standard, VIP, ECN	$100	1:500	Variable spread	0

Leverage

For forex and metals trading, the leverage is capped at 1:500;

While for indices, commodities and cryptocurrencies trading, the leverage is up to 1:100.

Asset Class	Max Leverage
Forex/Metals	1:500
Indices/Commodities/Cryptocurrencies	1:100

Generally speaking, when the leverage is high, potential risks may also be high. Therefore, careful considerations are needed.

Trading Platform

Precision4x uses MT4 as its trading platform.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mac, Windows, iOS, Android, and Webtrader	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Deposit Option	Min Deposit	Commission	Processing Time
Bank Transfer	$100	/	3-5 business days
Tether		❌	Instant
PAY		❌	Instant
Help2Pay		❌	Instant

Withdrawal Options	Commission	Processing Time
Bank Transfer	/	3-5 business days
Tether	$5 if withdrawing less than $100	Within 1 business day
PAY		Within 1 business day
Help2Pay		Within 1 business day