4XP, also known as Forex Place have been in existence since 2007, it is available in 10 languages, so people from around the world can benefit from its ease of use. They offer all the basic and common services offered by many other forex brokers, including webinars, one-on-one coaching and a very clear stepping-stone for beginners.
1. EASE OF USE- When it comes to depositing money, 4XP enables traders deposit money in every possible way. With so many different payment methods to choose from, any trader can find their own preference with 4XP.Most brokers tend to make deposit process very easy, it is not a rare occurrence for brokers to make the withdrawal process a stressful one. With forex place, you send one fax/mail/web form and you have your money after 3-4 business days - it's that simple.
2. TRADING PLATFORM- 4XP offers both a web-based platform and a downloadable option. It offers the MetaTrader 4 and 5; an industry standard leading platform that is popular for traders at all levels. Both the meta-trader 4 and 5 are extremely simple to use and access.However some prefer the web trader, as there is no necessary download; you just enter your username and password and off you go. 4XP offers a mobile trading platform which allows traders trade on the go on almost any web-enabled mobile device (iPhone, Android, Blackberry). This is a big advantage, as the mobile industry is a billion dollar arena which shows no signs of weakening any time soon.
3. PRODUCTS- Forex Place corresponds with forex trading of over fifty different pairs, with the normal spread of the majors being three pips. Their spreads are also fixed and not dependent on anything. Forex Place also stands out is the area of leverage. It is not the highest encountered, but 300:1 is definitely above average. Without getting into the deliberation and controversy regarding high leverage which is the trader’s decision and not the brokers, so offering the option is always a good initiative on the part of the broker.
4. CUSTOMER SERVICE- 4XP offers 24 hour support via phone, email, or live chat, and they proved to be highly responsive, patient, and helpful. Antithetical to many other brokers, 4XP does not focus solely on getting your money, but instead, they spend a lot of resources on educating traders as well.They offer an entire platform of educational courses, as well as live training. 4XP also offers daily market analysis, an economic calendar, and what they refer to as a Live Dealing Room. This is for all intents and purposes a forum-like experience in which you can ask questions and offer solutions, while communicating with other Forex experts and traders.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.