4xincome Review Scam Complaint
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4xincome broker is an unregulated offshore broker company owned by Sky Hub Limited. It is a new forex broker and their offers seems quite impressive on paper but are not to the standards of established brokers. 4xincome has been suspected as a scam broker, it is recommended to go through this scam broker review.
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About the 4xincome:
This broker provides low cost trading which has been the major point of getting attracted to its platform. But, the fact is its demo platform is slightly off with different spreads like in its ‘instrument list’ and ‘one click trading’ sections.
4xincome allegedly offers multiple CFDs, there are more than 150 trading instruments at 4xincome. Variety of CFDs on stocks, indices and commodities and 55 currency pairs are included, while crypto is not included. 4xincome claims offering of MT4 which is a well renowned platform. Meta Trader 4 uses relatively less hardware resources, has a ultimate charting package and most impressing is it offers access to the MQL marketplace. MT4 is an online shop where developers sell their custom technical indicators and automated trading systems. But, its has been found that despite of offering MT4 people were unable to download it from the broker’s site. Moreover, company also offers web based version of the same platform but this was not it. Instead there is a different solution, which is a charting provided by TradingView. 4xincome asks for a decent minimum deposit that is only $100. This makes it accessible for many traders.
Is 4xincome scam or legit?
4xincome is a forex and CFD broker having many issues. Firstly, the regulatory status of the company is not certain. While this is not enough for making it a scam broker, secondly this scam broker provides different things after you register the account on its website than what it claims. This may be a sign of dishonesty or a scam. Another most important thing here is, when comparing to other brokers, the security of your funds, which isn’t quite guaranteed with this broker. When you trade with a highly regulated company, this will be something you don’t have to worry about. In a conclusion, we can say that 4xincome is a scam broker as its claims don’t match with its offerings and it is an offshore unregulated broker which is not registered under Financial Conduct Authority, hence your funds are at risk with this broker.