The forex broker 4x.fm (Cixx LLC) has recently acquired a new brokerage license from the Autonomous Island of Mwali. This license requires an authorized capital of $250,000 USD and serves to protect clients from any issues that may arise with the broker.
Anyway, this article will explain the benefits of a licensed broker, review 4x.fm, and answer some frequently asked questions about 4x.fm.
The Benefits of a Licensed Brokerage
4x.fm (Cixx LLC) acquired a new brokerage license with the Autonomous Island of Mwali. This is tremendous news. However, what are the exact benefits of acquiring a brokerage license? What does it mean for 4x.fm that they have a brokerage license with the Autonomous Island of Mwali?
A Brokerage License Requires $250,000 in Capital
The first benefit of a brokerage license is that the Autonomous Island of Mwali requires $250,000 of authorized capital in the capital account. This might not sound like much money to some traders, but it does a few things:
- Only a legitimate forex brokerage would set up a business with $250,000 in a capital account. A fly by night brokerage would not risk $250,000 to set up operations.
- It shows that the brokerage has the capital required to operate a brokerage. They have the funds to maintain liquidity and provide withdrawals in a timely manner.
Licensing Requires Following Regulations
The Autonomous Island of Mwali has regulations covering brokerages. They have these regulations in place to protect consumers. It’s for this reason that you should avoid any brokerage that does not have the proper licensing required to operate.
Licensing Provides a Governing Body to Levy Complaints
Another benefit of using a licensed broker is that the license comes from a governing body. This means you can report the brokerage to the governing body in the event that something goes wrong.
It’s for this reason that there tend to be far less problems when using licensed brokers compared to unlicensed brokers – brokers do not want to lose their license!
Licensing Protects Clients
The main commonality of all the above points is that they protect the client. Licensing ensures that the broker follows a set of rules meant to create a fair trading environment.
More importantly, the broker has the potential to lose their license if they do not comply with regulations put in place to protect consumers.
The main takeaway from a licensed broker is that customers have far more protection with a licensed broker than without a licensed broker.
4x.fm Review
4x.fm is one of the best forex brokers for beginners and experienced forex traders. As mentioned previously, 4x.fm is a licensed brokerage with over $250,000 USD of authorized capital.
That fact alone gives the brokerage more than enough credibility. But they have more than just a license going for them – the brokerage services they provide are excellent. This section will review some of the best parts of 4x.fm.
4x.Fm Has Over 3,000 Assets Available to Trade
The first great thing about 4x.fm is the abundance of assets available to trade on the brokerage. This includes most foreign currencies, cryptocurrencies, commodities, and some stocks.
The wide range of assets available to trade means that traders can find something to profitably trade no matter the time of day or the current economic situation.
For instance, if forex is not doing too well that day, then traders can trade cryptocurrency pairs or commodities. There’s no need to keep funds on multiple brokerages and switch brokerages when the trading dries up in one asset.
With 4x.fm you can simply switch to a more profitable asset. It’s easy and more affordable than switching brokerages.
No Fee Trading
The main benefit, in our opinion, of 4x.fm is that they do not have any fees. There are no fees for trading on the platform for any of the assets that they offer.
The lack of fees makes it easy to calculate profit on a trade. Is the trade profitable?
If the trade is profitable, then you can execute it because of the lack of trading fees.
This means more trading strategies open up.
4x.fm does not charge withdrawal or deposit fees, either. This means the money you have in your account is the exact same amount of money you will see in your bank account or cryptocurrency wallet.
To summarize, 4x.fm has no trading fees, no withdrawal fees, and no deposit fees.
Reliable Withdrawals
Finally, 4x.fm has a reputation for being very reliable with withdrawals. Sadly, this is not common in the forex industry. Many brokerages will have excuses when customers attempt to withdraw money.
4x.fm does not do that. Withdrawals are done the same day or the next business day depending on how the withdrawal is done.
4x.fm has two options for withdrawals – wire transfer or cryptocurrency. Both these forms of withdrawal are irreversible and quick, which is something that we like to see.
We have not had any issues withdrawing from 4x.fm nor have we seen any reports of withdrawal issues with the brokerage. This is one of the most important things to look for in a forex broker – what’s the point of earning a profit if you can withdraw it?
Frequently Asked Questions (FAQ)
Is 4x.fm a Scam?
No, 4x.fm is not a scam. 4x.fm is a fully licensed exchange with $250,000 USD of authorized capital. They have thousands of satisfied customers and have no open complaints with their licensing body.
They have even posted to their Medium account ways to spot forex scams.
Is 4x.fm Safe to Use?
Yes, 4x.fm is safe to use. They use 256-bit SSL encryption to secure client information. They are also an ECN-compatible broker, which means they cannot frontrun customers on trades.
On a related note, 4x.fm is also very easy to use.
Does 4x.fm Offer Educational Resources?
Yes, 4x.fm offers educational resources. Their YouTube channel has loads of information to help you get set up with trading on their platform. They also have resources available on their main website and an excellent customer support staff that can help with any issues that may arise.
Final Thoughts
To summarize, 4x.fm is a fully licensed brokerage. This licensing provides a plethora of protections to customers. It also shows that the exchange is serious about their operations, especially because 4x.fm had to deposit $250,000 in their charter account to receive a brokerage license.
It’s something that we like to see in the forex industry. The brokerage itself also works extremely well and is one that every forex trader should consider using because of the non-existent fees, availability of assets to trade, and trading tools available.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
