Is 4XP.com a Reliable Broker?
This 4XP.com review is the result of a thorough investigation into its regulation, transparency, and client reviews. No — 4XP (Forex Place) is not a broker you should trade with. Its BVI regulatory certificate was revoked in 2013 after a cease-and-desist order; the company ceased global operations that same year, and multiple independent watchdogs classify it as a scam broker with unresolved client withdrawal complaints.
About 4XP.com
| 🏢 Registered in | Not Registered / Offshore Jurisdiction |
| 🗺️ Type of License | No verifiable license found |
| 🛡️ Is 4XP.com safe to trade? | Not recommended |
| 🗺️ Recommended Licenses | FCA (UK) or ASIC (Australia) |
| 🖥 Alternative Broker | A regulated broker licensed by ASIC, FCA, any other reputed regulator |
Is 4XP Regulated?
No. 4XP operated under the entity Forex Place Ltd, headquartered in Road Town, Tortola, British Virgin Islands. It was never authorized by a Tier-1 regulator such as the FCA, ASIC, CySEC, or FINRA.
What Happened to 4XP’s License?
- June 4, 2013 — The BVI Financial Services Commission issued a cease-and-desist order against Forex Place Ltd.
- October 2013 — The Financial Market Relations Regulation Centre (FMRRC) revoked 4XP’s certificate of compliance, citing “poor provision of brokerage services and improper performance of its obligations.”
- Late 2013 — 4XP ceased operations worldwide, according to independent broker trackers who monitored the shutdown in real time.
Why This Matters for Traders
A revoked license after a regulatory cease-and-desist order is one of the clearest red flags in the industry — it means an official body found the broker unfit to hold client funds, not just that it let its paperwork lapse.
What Do Real 4XP Reviews Say?
Client feedback compiled across independent forums paints a consistent picture:
- Withheld withdrawals — Traders reported being unable to retrieve deposited funds even after repeated requests.
- Aggressive upselling — Reviewers describe being pushed into costly add-on services by 4XP’s sales staff.
- Unauthorized account changes — Some users reported platform access and login credentials being altered without their consent.
- No functioning support after 2013 — Attempts to contact the company after its license revocation reportedly went unanswered or were met with vague, unsigned correspondence.
How Serious Were the Complaints?
Serious enough that ForexFraud.com, ForexPeaceArmy, and DailyForex all independently flagged 4XP as unsafe and stopped recommending it once the revocation became public — a level of consensus rarely seen across competing review sites.
4XP Trading Conditions (For Reference Only)
Before its shutdown, 4XP advertised the following:
| Feature | Detail |
| Platform | MetaTrader 4 |
| Minimum deposit | $500 |
| Maximum leverage | 1:300 |
| Account types | Standard, ECN, PAMM |
| Regulation | None (post-2013) |
These figures are historical and provided for context only — 4XP is not operational or safe to fund today.
Can You Still Get Your Money Back From 4XP?
If you previously deposited funds with 4XP and never recovered them, options are limited but not zero:
- Chargeback claims — If you funded your account by card, contact your bank; chargeback windows are usually 120–540 days, so success depends heavily on timing.
- Regulatory complaint filing — Filing with the FMRRC or a fund-recovery-focused ombudsman creates a paper trail, even years later.
- Fraud recovery specialists — Verify any recovery firm’s own credentials first; the fund-recovery space itself attracts secondary scams targeting people who already lost money.
How to Spot the Next “4XP” Before You Deposit
- Check the regulator’s live register — not just the broker’s claimed license number, but a direct lookup on the FCA, ASIC, or CySEC public database.
- Search “[Broker Name] + license revoked” — most enforcement actions are public record within weeks.
- Be wary of BVI/offshore-only registration — it isn’t automatically a scam, but it offers minimal client-fund protection compared to Tier-1 jurisdictions.
- Read complaint patterns, not star ratings — a handful of specific, detailed withdrawal complaints matters more than an average score.
Bottom Line
4XP.com is a defunct, formerly unregulated forex broker whose license was revoked in 2013 following regulatory enforcement action. It is not currently operating, is not safe to deposit funds with, and should not appear on any “best broker” shortlist in 2026. Traders researching 4XP should treat this as a case study in verifying regulatory status before funding any account — not as a platform to consider.
This review is for informational purposes only and does not constitute financial advice. Always verify a broker’s current regulatory status directly with the relevant authority before depositing funds.
That wraps up our 4XP.com review. At Traders Defense, our job is to help you make informed decisions before you deposit your funds. We independently research every broker we cover — regulation, trading conditions, and real user feedback — so you don’t have to. Browse our full list of brokers at Traders Defense before choosing where to trade.
Check a list of more non recommended brokers here
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