Overall 4XCUBE has competitive spreads and low trading costs. 4XCUBE offers a maximum leverage ratio of 1: 400. 4XCUBE charges clients from the spread as well as some commissions depending on the account type. 4XCUBE has an overall rating of 6/10.
4XCUBE at a glance
| Broker’s Name | 4XCUBE |
| ? Headquartered | Rarotonga, Cook Islands |
| ? Year Founded | 2018 |
| ⚖️ Regulating Authorities | Cook Islands Financial Supervisory Commission FSC-CI |
| ? Countries not accepted for trade | United States, North Korea |
| ☪️ Islamic account (swap-free) | No |
| ? Demo Account | Yes |
| ? Institutional Accounts | Not clearly indicated |
| ? Managed Accounts | Not clearly indicated |
| ? Maximum Leverage | 1:400 |
| ? Minimum Deposit | $5/R80 |
| ? Deposit Options | Bank Wire, VISA, MasterCard, AstroPay, Bitcoin, Bitcoin Cash, Dash, Ether/Ethereum, Help2Pay, Neteller, PerfectMoney, Skrill, SOFORT, UnionPay, VLoad, WeChatPay |
| ? Withdrawal Options | Bank Wire, VISA, MasterCard, AstroPay, Bitcoin, Bitcoin Cash, Dash, Ether/Ethereum, Help2Pay, Neteller, PerfectMoney, Skrill, SOFORT, UnionPay, VLoad, WeChatPay |
| ? Platform Types | MT4 |
| ? OS Compatibility | Desktop platform (Windows) Mobile trading: Android, iOS |
| ? Tradable assets offered | Currencies:(48+) Cryptocurrencies: (1) Bitcoin CFD: (15+) Gold, Silver, Stock Indexes, Oil |
| ?? Languages supported on Website | English and more |
| ? Customer Support Languages | English and more |
| ? Customer Service Hours | 24 hours during the week, certain hours on Saturdays. |
| ? Open account | ? Click Here |
4XCUBE claims to be an execution-only broker with no dealing desk (NDD) and operating according to the Straight-Through Processing (STP) broker model.
4XCUBE Review – 19 Key Point Quick Overview Revealed (2022):
4XCUBE Overview- 4XCUBE Safety and Security
- 4XCUBE Pros and Cons
- 4XCUBE Leverage
- 4XCUBE Accounts
- 4XCUBE Market Instruments
- 4XCUBE Fees
- 4XCUBE Deposit and Withdrawal
- 4XCUBE Trading Platforms
- How to open an account with 4XCUBE
- 4XCUBE Customer Support
- 4XCUBE Education
- 4XCUBE Research
- 4XCUBE Awards
- 4XCUBE vs Binarycent vs Binomo – A Comparison
- 4XCUBE Current Popularity Trend
- Conclusion
- Disclaimer
- Frequently asked questions
Client orders are directed to a pool of 21 liquidity providers for speedy executions without requotes.
4XCUBE Overview
According to research in South Africa 4XCUBE was founded in 2018 in Rarotonga on the Cook Islands.
4XCUBE accepts all types of traders, trading strategies, and systems.
4XCUBE Safety and Security
One of the best benchmarks to measure the safety of a broker like 4XCUBE is to establish which regulating authorities are watchdogs over its actions.
4XCUBE is regulated by the Financial Supervisory Commission (FSC) in the Cook Islands with the number ICA 12767/2018 and regulated by the license number MC03/2018. Clients’ fund security is provided through account segregation and Secure Socket Layer (SSL) cryptographic protocol too.
Membership of the FSC grants access to a wide range of services and benefits like an insurance fund that will pay compensation to investors in case of broker insolvency.
4XCUBE is audited by Binder Dijker Otte (BDO), a reputable global network of accounting and auditing firms.
4XCUBE Pros and Cons
| ✔️ Pros | ❌ Cons |
| Ultra-fast trade executions due to modern technology and multiple liquidity providers | There are no user training resources. |
| Low trading capital and multiple payment options | Tradable assets are not much when compared to competitors |
| Competitive spreads and low trading costs | Deposit and withdrawal fees are high |
4XCUBE Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.
4XCUBE offers a maximum leverage ratio of 1: 400.
4XCUBE Accounts
A forex account at 4XCUBE is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
4XCUBE offers the following types of accounts:
Standard Account
This account is for beginner traders and carries fewer risks. The minimum opening balance is $5 and the spread starts from 0.3pips. Broker charges are factored into the floating spreads and no commissions are charged.
Pro Account
This account is designed for intermediate-level traders, carries a minimum deposit of $1 000 and the spread starts from 0.1 pips. Commissions are charged at $3 per lot.
VIP Account
This account is for professional traders with ample trading capital. The minimum account opening balance is $25 000, and the spread starts from 0.2pips. No commissions are charged. Account-holders get a dedicated account manager and free deposits and withdrawals.
Demo accounts
These accounts can be used for practice, strategy testing, and experimentation and are preloaded with virtual funds up to $50 000.
4XCUBE Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
4XCUBE offers over 48 forex currency pairs, 2 metals, 11 indices, 2 commodities and 1 cryptocurrency.
4XCUBE Fees
Cost depends on different factors, like spread and margins, and 4XCUBE clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
4XCUBE charges clients from the spread as well as some commissions depending on the account type.
4XCUBE Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of 4XCUBE the following methods and minimum deposits are required:
Minimum opening balances for the Standard account, Pro account, and VIP account are $5, $1 000, and $25 000, respectively.
Bank transfers, 2Pay4You, Visa/Mastercard, Skrill, Neteller, SOFORT, VLoad voucher, Cryptos, Perfect Money, WeChat Pay, Union Pay, and AstroPay are accepted for payments.
Third-party deposits or withdrawals are prohibited and can only be made to and from accounts bearing clients’ names. Withdrawal requests can take from 24 hours to a few days and transfer currencies include EUR, USD, GBP, THB, and NGN. Withdrawals are charged for some methods.
Bitcoin, Ethereum, Dashcoin, and Bitcoin cash are the cryptos accepted with a minimum withdrawal of $50 and a fee of 1%.
4XCUBE Trading Platforms
The forex trading platform provided by 4XCUBE to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
4XCUBE provides MT4 as the only trading platform to clients. It is offered as a Windows desktop application and mobile apps for Android and iOS users. The MT4 is the most popular platform among traders with features that enable traders to analyze the markets, manage trades and use different tools.
How to open an account with 4XCUBE
Similar to a bank, to register a forex trading account with 4XCUBE for the first time, you will be required to go through a basic “know your customer” process, which will allow 4XCUBE to ascertain that your submitted details and ensure the safety of your funds and account details.
Step 1 – Click on the ‘Open Account’ option
With 4XCUBE the process entails registering by clicking on the ‘Register’ or ‘Open Account’ buttons located on every webpage on the website.
Step 2 – Fill out the form
After completing the displayed form and clicking ‘Sign Up, an email with a login ID and password will be sent to the specified email address. Traders can log in immediately and choose a new password.
They will then be required to sign the terms and conditions, upload KYC documents and enter the necessary information to complete registration.
The next step is to fund your account, install the MT4 trading platform and get ready to commence trading.
4XCUBE Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of 4XCUBE customers can reach the support team from Monday to Friday 24 hours per day and on Saturday from 0:00 to 7:00 (GMT+2).
The team can be reached by phone, email, a web form on the website, a webchat, or social media channels like Twitter, LinkedIn, Facebook, Instagram, and YouTube.
4XCUBE Education
Before starting to trade, potential clients of 4XCUBE should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
4XCUBE offers training resources on the website.
4XCUBE Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With 4XCUBE they have access to an Economic Calendar and VPS.
The economic calendar is provided in the traders’ room of the 4XCUBE website and shows a list of economic events which are likely to affect the forex/CFD markets.
4XCUBE Awards
Being an awarded company instills extra confidence by traders. Although 4XCUBE is acclaimed by customers, there is indication of awards won on its homepage.
4XCUBE vs Binarycent vs Binomo – A Comparison
| ? Broker | ? 4XCUBE | ? Binarycent | ? Binomo |
| ? Minimum Deposit | $5/R80 | 250 USD/R4 000 | 10 USD/R160 |
| ? Sign-Up Bonus | ☑️ Yes | ☑️ Yes | – |
| ➕ Max. Leverage | 1:400 | 1:100 | – |
| ? Currency Pairs | 48 | – | AUD/USD and GBP/USD |
| ? Open an Account | ? Open Account | ? Open Account | ? Open Account |
4XCUBE Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “4XCUBE ” is entered into Google’s search engine over a given period of time.
Conclusion
4XCUBE is a new broker regulated in the Cook Islands by the FSC. 4XCUBE offers low spreads and multiple funding options. Its MT4 platform is appropriate for different types and levels of traders.
4XCUBE’s tradable instruments are not as many as on some brokerage platforms, with no shares CFDs. The lack of a trading education disheartens beginner traders.
The services provided by 4XCUBE will suit intermediate traders who can test strategies with the demo account and MT4 is suitable for a wide variety of trading strategies.
Professional and expert traders may find the provided tools and services insufficient since there are no daily analyses, weekly insights and market news.
Disclaimer
4XCUBE warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with 4XCUBE, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
4XCUBE warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence 4XCUBE cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently asked questions
TRADING ENVIRONMENT
How many instruments can I trade with 4XCUBE?
You can trade a fair number of different instruments with 4XCUBE, which include the following:
- 48 forex currency pairs,
- 2 metals,
- 11 indices,
- 2 commodities and
- 1 cryptocurrency.
Which platforms are supported by 4XCUBE?
4XCUBE provides the following popular trading platforms:
Does 4XCUBE offer leverage?
Yes, 4XCUBE offers maximum leverage of 1: 400
What spreads can I expect with 4XCUBE?
4XCUBE offers a variable spread from 0.1 pips. If details on the website is not comprehensive, more information can be obtained from the customer support service.
Does 4XCUBE charge commission?
Yes, more information on commissions can be obtained from the customer support service.
Is 4XCUBE regulated?
Yes, 4XCUBE is regulated by the Financial Supervisory Commission (FSC).
Is 4XCUBE a recommended forex trading broker for experts and beginners?
4XCUBE offers a fair-trading environment for intermediate traders.
What is the overall rating out of 10 for 4XCUBE?
6/10
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.
Does 4XCUBE offer a demo account?
Yes
How long is the demo account valid?
The demo account can be used alongside a live account.
Which live trading accounts does 4XCUBE offer?
- Standard Account
- Pro Account
- VIP Account
What are the available deposit currencies for a live trading account?
USD, EUR, GBP.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit for 4XCUBE?
$ 5
How do you make a deposit and withdrawal with 4XCUBE?
4XCUBE offers the following deposit and withdrawal methods:
- Bank transfers,
- 2Pay4You,
- Visa/Mastercard,
- Skrill,
- Neteller,
- SOFORT,
- VLoad voucher,
- Cryptos,
- Perfect Money,
- WeChat Pay,
- Union Pay and
- AstroPay.
Withdrawals can be done via the same methods.
Does 4XCUBE charge withdrawal fees?
Yes, 4XCUBE charges deposit/withdrawal fees.
How long does it take to make a withdrawal?
Withdrawals usually take between 24 hours and several days. Depending on bank services it may take several days for the money to be available.
Featured SA Shares Writer and Forex Analyst.
Discussion about this post