If you’ve fallen victim to the 4X scam broker, don’t hesitate to file a complaint. Take action and recover your lost funds with our assistance.
In the world of online trading, finding a reliable forex broker is important. With promises of transparency, security, and revolutionary trading platforms, companies like 4X often lure in investors. However, there lies a web of questionable practices. Check the 4X review and see the truth behind the 4X scam.
4X Website – http://4x.fm/
Website Availability – No
Address – 6 Pl. de la Gare, 1616 Luxemburg & Comoros Union
Owned By – CIXX LTD & CIXX LLC
Regulation – Unregulated
Warning – Financial Conduct Authority
Domain Age –
Domain Name: 4X.FM
Registry Domain ID: D237519048-CNIC
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: https://namecheap.com
Updated Date: 2023-08-31T16:54:34.0Z
Creation Date: 2021-06-01T12:51:51.0Z
Registry Expiry Date: 2024-06-01T23:59:59.0Z
Questionable Regulatory Status
4X claims to have a diverse range of over 3,000 trading instruments and great trading conditions with ultra-low spreads. However, one major flaw leaps out: the lack of a valid forex license from a respectable financial institution. Instead, 4X displays its offshore regulatory status. Offshore companies have a history of failing to deliver on their promises, leaving investors disappointed.
4X claims to be owned by Cixx LLC, an allegedly Comoros-incorporated firm, and operates under the MWALI International Services Authority’s (MISA) regulations. The Comoros, a small nation in Southeastern Africa, and Mwali, an offshore jurisdiction, present severe issues regarding the effectiveness of financial regulation. While the MISA license provides some analyzing, it does not ensure 4X’s dependability and integrity as a forex broker.
Spreads: A Warning Sign
The promise of extremely small spreads is a classic trick used by unreliable brokers. Spreads as low as 0.1 pip are advertised by 4X on common currency pairings such as USDJPY, and GBPUSD. Reputable brokers make money from every transaction that is performed using a commission-based business model. Razor-thin spreads on a commission-free account raise the possibility that 4X is acting knowingly, possibly to the harm of its clients.
Limited Deposit Options
4X only accepts a small number of deposit methods. Only deposits made with a credit or debit card or cryptocurrency are accepted by the investors. Even though these payment options are widely used in the digital era, prospective investors should be concerned about their availability.
Because Bitcoin transactions are untraceable, there are a lot of dangers involved in making a deposit. Investors can find it difficult to start chargebacks or get their money back in the event of fraud or disputes. Because of 4X’s unclear regulatory standing and dubious operations, it is crucial to exercise caution while making deposits to protect one’s interests.
Protecting Your Investments
Before entrusting your hard-earned money to any broker, take the time to research their regulatory status, business practices, and reputation within the industry.
Look for brokers who are governed and licensed by respectable financial agencies, such as the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA) in the United Kingdom. Check for red flags or unfavorable reviews on the broker’s record and confirm the legitimacy of any regulatory licenses.
4X Review Conclusion
To sum up, the 4X scam is a clear warning about the risks that exist in the forex industry. Potential investors should be wary of 4X because of its questionable operations and unclear regulatory status, even with its boasts of transparency and innovative trading platforms.
Perform careful investigation, confirm regulatory licensing, and proceed with caution before handing the money to any forex broker. Always keep in mind that safeguarding your finances is essential, and you may prevent yourself from being a victim of scammers by being cautious when faced with attractive offers.
Recover Your Funds from the 4X Scam – Take Action Now!
Have you been scammed by the 4X broker? Take charge of the problem by filing a complaint against the 4X scam. Take the help of Enverra Capital to get your funds back. We help you in recovering what is truly yours. With the correct guidance and assistance, you may take steps to reclaim your lost money and protect yourself from scams in the future with the correct assistance and support. Act now to safeguard your financial security.
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