CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Offer multiple assets
- MT4 & MT5
- Support multiple languages
- Leverage up to 1:500
- No deposit bonus
Geomatrix Limited, founded in 2018, is a broker that operates under the brand name 4XC, an offshore company regulated by the Cook Islands Supervisory Commission. 4XC keeps client funds separate and is a member of the Financial Commission, which is an international dispute resolution firm. CFDs for indices, metals, forex, cryptocurrencies, commodities, and shares are among the more than 390 financial instruments available to trade. All trading is done on the most popular trading platforms for PC, Web, and Mac, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Professional traders can use additional tools such as copy trading, which includes percentage allocation money management (PAMM), and fund managers can use their own capital to organize multiple trading accounts and produce profit accounts.
Regulation:
4XC (geomatrix Ltd) is registered from Cook island under the number ICA 12767/2018. It is licensed and regulated by the financial supervisory commission (FSC) with a money-changing license number (MC03/2018). This license only applies to forex products.
Available financial instruments
4XC offers different financial instruments for trading purposes. The detail about these financial instruments is given below:
Currency pairs (forex):
In the case of currency pairs, 4XC gives access to more than 70 currency pairs and you can get leverage up to 1:500.
Commodities:
There is a range of commodities on which you can trade as a 4XC client such as energies. The energies that are included for trading are Brent crude oil, silver, and WTI crude oil. You can trade with a leverage of up to 1:100.
Precious metals
The broker gives access to many precious metals to trade in with varying leverage. Following are precious metals on which you can trade with 4XC.
- Copper
- Zinc
- Nickel
- Aluminum
- Silver
- Platinum
You can get leverage of up to 1:100 while trading.
Indices:
4XC gives access to the leading stock markets involving some most liquid worldwide. You can get leverage of up to 1:100 and avoid your risks by trading indices. You can also go short and long with your trades as indices are traded as CFD.
With 4XC, you get the diversified option in trading as you can access the markets of Spain, France, Germany, Hong Kong, the United Kingdom, Japan, and the United States.
Stocks and shares:
The capability of trading shares CFDs with this broker gives a lot of opportunities for diversification, all thanks to worldwide market access.
In the case of share CFDs, overseas customers can trade on more than 290 listed companies. These companies include some big names from the market such as google, apple, tesla, visa, zoom, square and more. You can get leverage of up to 1:100 by trading these instruments.
Cryptocurrencies:
You can get access to cryptocurrencies such as bitcoin, ethereum, bitcoin pairs by trading with 4XC. On crypto, you can trade with a leverage of 1:25.
Account types:
4XC offers three main account types that are as follows
Standard account:
This account type is mainly intended for beginners. You can start from the minimum spread of 0.8 pips, a minimum deposit of only 10 USD, and get leverage as maximum as 1:500. This account will make your trading experience smooth with the best execution and some conditions available for boosting your trading game.
This package is appropriate for all the investors and traders alike with no restriction on trading strategy or position and 0.01 minimum lot size.
VIP account:
This account is accessible to individuals with high net worth. You can start from the minimum spread of 0.5 pips, a minimum deposit of 25000 USD, and get leverage of up to 1:500.
This account will make your trading experience smooth with the best execution and some conditions available for boosting your trading game.
Pro account:
This account is for experienced traders who are up for professional advantages. You can trade stocks with leverage of 1:500 and a minimum spread of 0.2 pips and it takes a commission of just $2/lot per side.
This account will make your trading experience perfect with the best execution and some conditions available for boosting your trading game. The minimum deposit for this package is $100 for MT4 and $500 for MT5.
How to open an account at 4XC?
You can open an account at 4XC in a few steps which are as follows:
Click the “sign up” on the homepage of the broker, you will be asked to register with your details such as name, date of birth, phone number, and email address. After completing the required information, you will be directed to the webpage for filling in additional information that includes:
- Accepting the terms and conditions
- Personal data such as an address, passport number, trading experience, level of education, and financial information
- Upload documents such as valid passport or ID and proof of residence (only up to 6 months old).
- Wallet Creation by choosing the investment account currency, and you can select from GBP, EURO, and USD.
Trading platforms:
4XC gives you the ability to trade with the most popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for Mac, Windows, and the web. Notable features of this platform are highlighted below:
MetaTrader 4:
This platform is a top pick for many traders, providing a range of tools for supporting algorithmic trading. You can enjoy multiple graphical objects and technical indicators, along with a variety of timeframes for precise analysis of price movement.
You can also place advanced orders by using risk management tools and get access to the history of trades. This platform can be directly installed from the website and it is also compatible with Windows PCs.
MetaTrader 5:
MT5 is a successor of the famous MT4 platform and it is more feature-rich and perfect for experienced traders. This platform offers a variety of timeframes and indicators while supporting depth of market view, an economic calendar, and native community chat. You can download this platform on Windows computers.
Mobile app:
4XC provides the MT4 mobile app for your convenience. The mobile app comes with many mobile-friendly features that include functional one-touch trading and push alerts. You can also get access to advanced technical tools, live pricing and history feed, and all that from your android and iPhone devices on the go.
Fees:
The fees and spreads depend on the account type that you select and the market in which you trade. Fees for the different accounts are as follows:
The standard is commission-free but its spreads begin from 0.8 pips. This account doesn’t pay any commission so all the cost of trade is taken from spreads. For the Pro account, spreads start from 0.2 pips and it takes a commission of $2 for each lot. This account functions with floating spreads and market execution, which means they have to pay a commission to access market-level spreads.
For a VIP account, you should at least have $25k in your account. It is also commission-free and its spreads start from 0.5pips.
Supported Languages and customer support:
4XC offers multiple languages such as English, Russian, French, Spanish, Arabic, and Portuguese. You can get 24/5 customer support through email, WhatsApp, phone, and live chat. Additionally, you can also benefit from the FAQ section of the broker for popular questions.
Deposit and Withdrawal fees:
Most of the methods are instant but will charge you a fee. For example, you will be charged a 0.5% fee on FasaPay, 3% on card deposits, and 6% on Perfect Money.
For international clients or non-EU, who use Neteller or skrill, there will be no fee. The minimum deposit starts from just $10.
Most withdrawals are processed in just 1 business day but some of them may charge a fee. Neteller and skrill will cost a 3% withdrawal fee while cards will cost you only 0.15%. sWIFT bank transfer charges a fee of $49 and SEPA bank transfer cost €5.
Bonus and Promotions:
4xc does not offer any incentives or bonuses to new or existing customers, such as signup bonuses, deposit bonuses, and so on.
Payment methods:
Besides debit/credit cards and bank transfers, you can also use an electronic wallet for deposits:
- Mpesa
- Alipay
- Neteller
- Unionpay
- PayU
- WechatPay
You can also have your account base currency in EURO, GBP, or USD.
4XC alternatives
| Trading Platform | Fees | Leverage | Review | Promotion | Website |
|---|---|---|---|---|---|
1 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
2 | Zero commission*
| 1:30* Varies per instruments type and client type |
| ||
3 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
4 | Zero commission*
| Up to 1:300* Varies per instruments type and client type |
| ||
5 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
6 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
7 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
8 | Zero commission*
| Up to 1:500* Varies per instruments type and client type |
| ||
9 | Commission applies
| Up to 1:999* Varies per instruments type and client type |
|
Summary:
4XC is a multi-asset broker that offers a well-managed trading experience and is regulated therefore considered as a reliable broker.
Unlike other brokers that spend most of their time building their own trading platform, 4XC focussed on using their resources on customer services. The broker decided to use the famous Trading platform “MetaTrader” that has been improved and endorsed for the last 16 years.
Besides its quality service, 4XC’s strong platform and offering to the customers earned it excellent ratings.
