4XC Broker Review For Kenya In 2024

4XC Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FSC
💰 Minimum Deposit	$10
💳 Deposit Options	VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.
💳 Withdrawal Options	VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.
📌Open an account	Start Trading with 4xc

Our Opinion About 4XC

4XC forex broker has been around since 2018 and is one of Kenya’s most respected M-Pesa brokers. The 4XC platform is a multi-asset trading platform that allows traders to trade in various currencies and commodities, including forex and CFDs on stocks, commodities, indices, and more. It has excellent trading accounts, high leverage, tight spreads, and fast trade execution.

4XC also offers informative, educational courses to its users from time to time. The firm also provides helpful online trading tools that all types of traders can use. This includes charting tools, chart templates, and even automated trading systems. You can download these tools from their website or download them directly from their iOS or Android apps.

Its customer support team is one of the best in the industry, and they are always available to help you solve any issues you may have with your account or your trades. They are very responsive and will respond to emails within a few hours or even minutes, depending on the time of your email submission. In this 4XC review, we will look at each of its features in detail.

Key Benefits

Advantages of Trading with 4XC

When it comes to Forex trading, there are many brokers available in the market. However, 4XC stands out from the rest due to its unique advantages. Here are some of them:

• Low Spreads and Fees: With 4XC you get access to competitive spreads and fees which make your trades more profitable. This is especially beneficial for traders who prefer scalping or day trading strategies as they can benefit from lower costs per trade.
• Great Educational Resources: 4XC offers comprehensive educational materials on all aspects of Forex trading, including tutorials, webinars, e-books and videos – perfect for beginners who want to get up-to-speed quickly or experienced traders who need refreshers on specific topics.
• Advanced Charting Tools: The advanced charting tools available through 4XC allow traders access real-time market data which can be used in conjunction with their powerful technical analysis software suite so they can make better informed decisions when placing trades online.
• Great Customer Support: The customer support team at 4XC provides 24/7 assistance via phone call or email so any queries can be resolved quickly without having wait too long before getting help when needed most urgently!

Regulation And Safety

4XC is an entirely regulated forex broker. 4XC is registered with the Financial Supervisory Commission in the Cook Islands, under Money Changing & Remittance License (no 12767/2018). The FSC is an independent body responsible for the supervision of regulated financial entities and financial services in the Cooks Islands. They have high regulatory standards, including capital adequacy requirements.

Fund Safety

When it comes to trading with 4XC, you can rest assured that your funds and data are secure. This brokerage firm takes security very seriously and has implemented a number of measures to ensure the safety of its clients.

The first measure is the use of advanced encryption technology for all transactions on their platform. All communication between traders and 4XC is encrypted using SSL (Secure Socket Layer) protocol, which ensures that no third-party can access or intercept any sensitive information being sent over the network. Additionally, all financial transactions are secured by PCI DSS (Payment Card Industry Data Security Standard), so you know your money is safe when making deposits or withdrawals from your account with this broker.

The second measure in place at 4XC is segregated client accounts where each trader’s funds are kept separate from those belonging to other customers – ensuring complete transparency when it comes time for withdrawals since there will be no confusion about who owns what money!

4XC: Legit Or Scam?

4XC is a legit broker. They are reputable and reliable forex company They offer competitive spreads, fast execution speeds and excellent customer service. Additionally, they provide access to multiple trading platforms with advanced features such as charting tools and automated trading systems.

4XC Trading Assets

The trading instruments available at 4XC are pretty extensive. They include forex, stock markets, and commodities trading. In addition, there are several unique trading instruments such as options contracts, futures contracts, CFDs, and more.

Trading Instruments

• Forex: They have 70+ instruments including major, minor, and exotic currency pairs.
• Metals & Oils: 4XC have CFD trading on Brent, WTI, gold, and silver.
• Stocks: They have CFD trading on Apple, Amazon, Disney, Facebook, and more.
• Indices: 4XC has all major indices such as the DAX30, FTSE100, and S&P500.
• Crypto: They have trading on Bitcoin, Litecoin, and Ethereum.

4XC Account Types

4XC has three main account options: its Standard Account, Pro Account, and VIP account. Each of these account options comes with slightly different trading conditions. The Standard Account is the most basic option and offers primary trading conditions such as no commissions and a fixed spread. A Pro Account is similar to the Standard Account but provides access to tighter spreads and more advanced trading strategies. The VIP Account offers all the benefits of both accounts together with several other exclusive features.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Standard	From 1.0 pip	$10	1:500	$0
Pro	From 0.0 pip	$100	1:500	$5/lot per side
VIP	From 0.0 pip	$10,000	1:500	$5/lot per side

Live Accounts

Their best account type is the Standard Account, which requires a minimum deposit of $10, and allows you to trade in all major currency pairs with spreads as low as 1.0 pips. This account also provides access to 4XC’s advanced trading platforms, 24/7 customer support, and free educational resources.

Demo Accounts

The 4XC demo account is perfect for new traders who want to learn more about forex trading and practise their forex trading strategies. It has similar trading conditions to the live accounts – with spreads from tight spreads and high leverage – meaning you can practise in a safe, but realistic, trading environment. There is no minimum deposit as the trading is done using virtual money.

Commissions & Spreads

4XC charges its clients two types of commission: spread-based commission and fixed-rate commission. The spread-based commission is calculated based on the difference between the bid price (the price at which you can sell) and ask price (the price at which you can buy). This means that when you open or close your position in any currency pair, there will be a small fee charged for each transaction. The fixed-rate commission is set at a standard rate based on the account type you choose. As such, the total fee will depend on your account type and your trade.

4XC Bonuses

4XC has a great selection of forex bonuses. Their special offers typically include welcome bonuses, deposit bonuses, cashback offers, and trading competitions. Their promotions change quite frequently and they are always adding new promotions to their website.

First Deposit Bonus

4XC is currently running a special promotion for new clients. The 4XC forex bonus is designed to help Kenyan traders get more out of their first deposits. As part of the special offer, you can receive a 50% first-time bonus. To qualify for the forex bonus, you must open an account, complete account verification process, add funds to your account, and make the minimum number of trades. Bonus terms and conditions apply. Check the 4XC forex broker website for more details.

4XC Registration – How To Open A Trading Account

As part of our 4XC broker review, we looked at their online registration process. If you live in Kenya, then you are eligible to get a 4XC trading account. Registering is quick and easy. To get started, you need to go to the 4XC website, fill in the form, and select your login details. Then, you need to complete a quick trading test. This is so that they can see how much you know about forex trading, and decide if their services are suitable for you. Lastly, you need to complete account verification process, also sometimes known as the KYC process, to finish setting up your account.

4XC Registration – How To Verify A Trading Account

As part of our 4XC broker review, we also checked their account verification process. When verifying your trading account, you need to provide 4XC with certain documents. This is so that they can carry out their required regulatory checks. The documents include a proof of ID and a proof of address. This can be copies of your passport, driver’s license, recent utility bills, a rental agreement, or bank account statements. They also require that you verify your identity before trading starts.

4XC Deposits & Withdrawals

4XC offers many convenient payment methods, including M-Pesa, bank wire, credit card, debit card, cryptocurrency, Skrill, GenialBanco, AdvCash, Neteller, and HokoCloud. No matter your preferred method, it should be easy to deposit funds into your account on the platform. As far as withdrawals are concerned, you can also withdraw funds in different cryptocurrencies such as BTC, ETH, and LTC. The withdrawal time is usually less than 24 hours, but this one is not guaranteed.

4XC Trading Platforms

Using the platforms offered by 4XC is incredibly easy. The broker offers a range of user-friendly trading platforms, including MetaTrader 4 and 5, as well as their own proprietary platform. All of these are designed to be intuitive and straightforward to use for both new and experienced traders.

The MetaTrader suite has been around since 2005, so it’s one of the most popular choices among traders due its reliability and ease-of-use. It also comes with a wide range of features such as automated trading robots (Expert Advisors), custom indicators, charting tools, backtesting capabilities etc., making it an ideal choice for more advanced users who want access to sophisticated tools without having too much complexity in their interface or setup process.

Trading Tools

4XC’s trading tools aid your trading experience and make it easier for you to manage your account. You can search through these tools using the filters provided or simply scrolling down through them. The main tools include:

• Trade Alerts – Traders can create customized alerts that notify you when a specific currency pair or security reaches a certain price level. This is useful for traders who need real-time notifications about their trades, but there is no limit on how many alerts can be set up in this section.
• Technical Analysis – This allows users to analyze historical charts, candlestick charts, volume charts, groupings, and other indicators often used by professional traders when analyzing markets.
• HokoCloud – HokoCloud is an broker agnostic trading platform. It works a bit like a social trading platform. It allows you to replicate trades in real time between your own MT4 accounts, or to follow any public strategy of your choosing.
• News – 4XC offers a variety of news articles that cover a wide range of topics related to stocks, bonds, commodities, and currencies. These articles provide valuable information on current events worldwide so that users can stay up-to-date with what’s happening in the markets.
• VPS Services – 4XC provides a VPS service for $20 per month. It’s a reasonable price, and much cheaper than some competitors. The VPS is ideal for traders using multiple trading platforms, such as MetaTrader 4 and cTrader.It offers direct access to the broker’s API.

Education And Research

The first step to becoming a successful trader is learning the basics of this market. Its educational platform includes free courses for beginners, intermediates, and advanced traders. In addition, it also offers videos, guides, and eBooks to help you learn forex trading.

4XC Customer Support

4XC customer support is available 24 hours a day, seven days a week. The company offers support options, such as live chat, email, phone, and social media. They can speak to you in English, Portuguese, Spanish, French, Arabic, Somali, Greek, Romanian, Korean, Russian, or Latvian.

Our Verdict

4XC is a leading online forex broker that offers traders access to the global foreign exchange market. With more than 10 years of experience in the industry, 4XC has become one of the most trusted and reliable brokers for both new and experienced traders alike.

At 4XC, you can trade over 70 currency pairs with competitive spreads, low commissions and no hidden fees. The broker also provides advanced trading tools such as charting software, automated trading systems (EA’s) and expert advisors (EAs). Additionally, they offer 24/7 customer support via email or live chat so you can get help whenever you need it.

4XC Forex Broker Review FAQs

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