4XC Forex Broker Review For Africa 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 is a forex broker that provides traders with access to the global foreign exchange market. The company was founded in 2020 and has since become one of the most popular brokers for those looking to trade currencies online. With its competitive spreads, low fees, and wide range of trading tools, 4XC makes it easy for traders of all levels – from beginners to experienced professionals – to take advantage of currency movements in real-time.

At 4XC you can trade over 50 currency pairs including major ones such as EUR/USD or GBP/JPY as well as more exotic ones like USD/TRY or AUD/NZD. You also have access to a variety of other financial instruments such as commodities, indices and stocks through their CFD offering. In addition they offer excellent online trading platforms, with advanced charting capabilities and multiple time frames available, so that you can make informed decisions when entering trades.

Key Benefits

Why Trade With 4XC?

When it comes to choosing the right forex broker, there are many factors to consider. One of these is the advantages that come with using 4XC as your forex broker. Here are some of those advantages:

• Low Fees: With 4XC, you can enjoy low fees and commissions on all your trades, making it easier for you to maximize profits from each trade without having too much money taken out in fees or commissions.
• Variety Of Trading Platforms: As a trader at 4XC, you have access to multiple online trading platforms, including MetaTrader4 (MT4), which allows for more flexibility when trading currencies online with this broker platform.
• Leverage Trading: You can also benefit from trading with high leverage. This gives you an opportunity to increase your potential returns by taking larger positions than you would be able to do otherwise due their capital size alone.

4XC Broker Regulation

4XC is licensed by the Financial Supervisory Commission (FSC) in the Cook Islands, with a Money Changing & Remittance License (no 12767/2018). The FSC is an independent body responsible for the supervision of regulated financial entities and financial services. They implement very strict regulatory standards, including capital adequacy requirements.

Fund Safety

4XC is a regulated forex broker. That means, when it comes to forex trading with 4XC, you can rest assured that your money and data are secure. This particular broker takes client fund security very seriously and has implemented a number of policies to ensure a high level of client fund protection.

The first policy 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. This ensures that no third-party can access or intercept any sensitive information.

The second policy is the use of segregated client accounts. This means that trader funds are kept separate from company funds – ensuring complete security and transparency when it comes time for withdrawals – and ensuring trader funds are never used for company purposes!

Industry Awards

4XC recently won the Broker Innovation Award in 2022.

4XC: Legit Or Scam?

4XC is a legit forex broker that offers a wide range of services to its clients. The company provides access to great online trading accounts. They also provide access to the world’s largest financial markets, including forex, commodities and indices.

4XC Trading Assets

4XC is a global trading platform that offers clients a wide range of services. The company offers a variety of products, such as CFDs on currencies and commodities, indices, and precious metals. It also offers cryptocurrency trading, for example Bitcoin.

Trading Instruments

• Forex: They provide 70+ major, minor, and exotic currency pairs.
• Metals & Oils: They offer CFD trading on Brent oil, WTI oil, gold, and silver.
• Stocks: They provide CFD trading on stocks such as Amazon, Disney, Microsoft, and more.
• Indices: They offer CFD trading on major indices such as the DAX30, FTSE100, and S&P500.
• Crypto: They provide CFD trading on Bitcoin, Litecoin, and Ethereum.

4XC Account Types

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

Real Accounts

4XC offers a great range of real trading accounts. In our opinion, their best online trading account is the Standard Account, which has a low minimum deposit of just $10, and allows you to trade many major currency pairs. It comes with low trading costs and zero commission trading. The 4XC Standard trading account also offers access to advanced trading platforms, helpful trading tools, 24/7 customer support, and good customer support.

Demo Accounts

4XC also offers free demo trading accounts. The 4XC demo account is perfect for new traders who want to learn more about the forex market and how forex trading works. It comes with virtual trading conditions that mimic those on the live accounts – including tight spreads and high leverage – meaning you can practise in a secure online trading environment. All of the trading is done with virtual money, instead of real money, so there is no risk to your funds.

Trading Fees

When it comes to trading forex, fees and charges can have a significant impact on your profits. So when considering whether 4XC is a good broker for you, it’s important to understand what fees they charge.

4XC offers competitive spreads across all major currency pairs as well as some minor ones. They also offer zero commission trading on some accounts, and low commission trading on other accounts. This means that there are very few additional trading costs associated with each trade apart from the spread itself. This makes 4XC an attractive option for traders who want to keep their costs low while still having access to quality market data and execution speeds.

4XC Forex Bonuses

4XC offers some good forex bonuses that can help you boost your initial trading capital. Their promotions typically include welcome bonuses, cashback offers, and also forex trading competitions. Their offers change quite often and they are always adding new forex bonuses to their website.

First Deposit Bonuses

If you’re looking for a broker with a tiered bonus structure and a generous 50% first deposit bonus, 4XC is the right choice. The first deposit bonus is great if you’re looking to get some nice rewards. All profits are yours, there are no limitations on how much you can trade, and there are no limitations on how many trades you can make during your time with 4XC. Bonus terms and conditions apply.

4XC Registration – How To Open A Trading Account

As part of our 4XC forex broker review, we tested their online registration process. If you live in Africa, you can open a forex trading account. To register for an account, you need to visit the 4XC website, complete their online registration form, and choose your login details. This is so that they can create your account. Next, you need to take a quick trading test. This is so that they can see how much you know about forex trading. Lastly, you need to go through the account verification process, sometimes also known as the KYC process, to finish setting everything up.

4XC Registration – How To Verify A Trading Account

As part of our 4XC forex broker review, we also tested their account verification process. In order to verify your account, you need to provide 4XC with copies of certain documents. This is so that they can carry out their required regulatory checks. You will need to provide a proof of ID and a proof of address. You can send them copies of your passport or driver’s license. You can also send them copies of recent utility bills, a rental agreement, or bank account statements. After you have provided copies of these documents, 4XC will approve and activate your trading account.

4XC Payment Methods

4XC allows you to deposit and withdraw funds in different methods. The company offers a wide range of payment methods including bank wire, credit card, debit card, cryptocurrency (Skrill, AdvCash, Neteller), and Skrill. They also allow deposits in cryptocurrencies like Bitcoin or Ethereum. Withdrawing funds takes 24 hours or less, depending on the method used.

Trading Platforms

At, 4XC you can choose between different trading platforms, including MetaTrader4 and MetaTrader5. The company also has a mobile app for Android and iOS devices. The web-based platform is user-friendly, making it easy for beginner traders new to forex trading.

MetaTrader4 (MT4) is a great trading platform for African traders. It was designed to have a simple interface and built-in trading tools. You can use it to trade all of the most popular and liquid trading instruments including forex, stocks, and indices. The MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to work on your market analysis and create trading strategies.

MetaTrader5 (MT5) is a great platform for more experienced traders in Africa. It has an easy-to-use interface and comes with lots of helpful trading tools. You access and trade all of your favourite markets including forex, shares, and crypto. It is very easy to navigate. The MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly better tools than MetaTrader4 and offers you more trading options.

Trading Tools

4XC’s trading tools are standard and simple, with a few standout features.

• The first is Hoko cloud, a broker-agnostic platform that allows users to replicate trades in real time. This means that you can trade the same strategy as someone else without having to worry about having different accounts or trading platforms.
• The second feature is MT Trading signals, free commercial signals the company provides. They’re not as good as what you’d get from an actual signal provider like Trade Station or Interactive Brokers (IB), but they’re good enough for some traders who want some help getting started.

4XC Customer Support

At 4XC, they understand that customer support is an important part of the forex trading experience. That’s why they offer a variety of options to help our customers get the assistance they need.

• Live Chat: Their live chat feature allows you to quickly and easily connect with one of their knowledgeable customer service representatives who can answer any questions or concerns you may have about your account or trading activities.
• Phone Support: If you prefer speaking directly with someone on the phone, then their phone support option is perfect for you! You can call them and speak directly with one of their friendly customer service representatives who will be happy to assist in any way possible.
• Email Support: If you have detailed inquiries, or if it’s not convenient for you to use either Live Chat or Phone Support, then emailing them is another great option! Their team will respond promptly within 24 hours so that all your needs are taken care off as soon as possible.

4XC Trading Hours

4XC trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

Conclusion

4XC is an easy-to-use trading platform with various unique tools that help the trader succeed. Overall, we are very pleased with its clients’ services and features 4XC provides. Its wide list of trading instruments, fast order execution speed, great customer service, advanced trading tools, and convenient deposit options have convinced us to put it on our list of recommended brokers. Check out their platform and sign up for an account if you are interested in trading forex or cryptocurrencies.