4xLimited Review

4xLimited Review

Company Name: 4xLimited

Website: https://www.4xlimited.com/

Address: 9178 Green Lane London NW185AJ United Kingdom

Warned By: Financial Conduct Authority (United Kingdom)

Introduction

4xLimited is an online trading platform owned by 4xLimited Market Incorporated. The company is located in the United Kingdom. They claim that they hold a license from Cyprus Securities and Exchange Commission, Financial Conduct Authority, and Securities Commission of The Bahamas. They also claim that this platform had over 50K users and processed over 75K transactions in a day. They can be contacted by email at support@4xlimited.com and also contact by phone at +441133284750. The domain of the company found at www.4xlimited.com. For more information, read the 4xLimited review.

Deposit and Withdrawal Method

The minimum deposit requirement at 4xlLimited is $500. It is twice as higher as most brokers. This firm is hiding the withdrawal fees, and they also do not reveal the way of payment method is accepted.

Is this broker legit or not?

If you are searching for a platform for trading, checking the broker’s certification is the most important point for any user. If a broker holds a valid certification or license, that shows this broker is legit and safe to invest money with them. According to our research 4XLimited is an unregulated or an offshore entity because they don’t have any license issued by a central authority, and a warning is also issued by a central authority. All these points show that this broker is not legit and involved in forex scams, cryptocurrency scams, or any scams.

FCA Warning

The Financial Conduct Authority or FCA has issued a warning against warnings 4XLimited. FCA said that this broker is not authorized by them to provide any financial services. FCA advises all traders that this platform is not safe to invest money with them.

Disadvantages

  • They have high leverage ratios.
  • This broker is red-flagged by the FCA.
  • They do not have any regulated license.

Public review

Checking the reviews and ratings of a broker is most important for a new or inexperienced trader before investing in any platform. This point will help traders to avoid forex scams or any other scams. After reading all the negative and positive 4xLimited reviews, we advise that this broker is involved in illegal activity like scams or forex scams.

Conclusion

In the research of Brokers Complaint, we found that 4xLimited is not authorized by any authority, and they do scams. We advise you to stay away from this broker, or any unregulated broker because they are scam brokers, and your fund is not safe with them. If you are a victim Brokers Complaint helps you with free consulting services. We are dealing with scam brokers with our investigation and recover your fund. For fund recovery, we provide a complaint form on our website, fill out a form and send it to us. Brokers Complaint team managed the rest of the things and recover your fund. To avoid these scams, we also provide a scam brokers list of 2021 and 2022 on our website that helps you to avoid scam brokers, and we also help you to find a legit broker.

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Author: Brokers Complaint Reporter