Forex Place (4XP)
Forex Place (4XP) User Reviews
Member Since Apr 08, 2011
153 posts
Jan 17, 2014 at 06:23
(edited Jan 17, 2014 at 06:23)
4XP accounts are frozen since a long time already by their banks as they are bankrupt and had their license for offering Forex trading removed. Have a read over at forexpeacearmy.com
Member Since Dec 23, 2012
241 posts
Apr 26, 2013 at 18:24
can't login their website
Member Since Jun 20, 2012
3 posts
Apr 12, 2013 at 09:12
It's not a scam company, some problems exist. Their spreads and commissions are excellent though. My exprerience:
- when I started ECN trading with them, I was amazed at the speed of execution and low spreads. Lasted for two weeks.
- they were very forthcoming with a further reduction in costs through lower commission in exchange for a larger VIP account, but I didn't go for it right away.
- anyway, after two weeks, the so-called ECN execution soon deteriorated, execution became between two to five secs on every order became standard, including order modifications. Scalping on 5min TF became a big hassle despite the low spreads.
- they couldn't fix it despite several requests, said this is how ECN market works - it takes time for the broker to fetch the best price from their liquidity providers (lol)...
- decided to withdraw and got my money back within two weeks.
- customer service was excellent, very friendly and responsive (except for the inability to solve what really mattered).
BR
- when I started ECN trading with them, I was amazed at the speed of execution and low spreads. Lasted for two weeks.
- they were very forthcoming with a further reduction in costs through lower commission in exchange for a larger VIP account, but I didn't go for it right away.
- anyway, after two weeks, the so-called ECN execution soon deteriorated, execution became between two to five secs on every order became standard, including order modifications. Scalping on 5min TF became a big hassle despite the low spreads.
- they couldn't fix it despite several requests, said this is how ECN market works - it takes time for the broker to fetch the best price from their liquidity providers (lol)...
- decided to withdraw and got my money back within two weeks.
- customer service was excellent, very friendly and responsive (except for the inability to solve what really mattered).
BR
Apr 11, 2013 at 18:30
Real Scam !!
you will never get your money back.
I suggest you to file a claim to its regulator : https://en.crofr.ru/claim.html
Regards.
you will never get your money back.
I suggest you to file a claim to its regulator : https://en.crofr.ru/claim.html
Regards.