The Official Website Of 4XLimited Cannot Be Accessed Normally At Present. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-07-01 We Have Confirmed After Review That 4XLimited Is An Unregulated Foreign Exchange Dealer
4XLimited Indicates Copyright © 2019-2022 In The Footer Of Its Webpage, But Our Investigation Of Its Domain Name (https://www.4xlimited.com/) Shows That Its Website Was Actually Created On March 14, 2022. In Addition, The Broker Also Claims To Currently Have 50,000 Customers And Reach 75,000 Daily Trading Volume In More Than 50 Countries. But How Is It Possible To Reach This Number In A Few Months?
On The Other Hand, 4XLimited Claims To Have Obtained A License To Operate From The BVI FSC. But We Can't Find Any Results In The BVI FSC That Match The Trader.
Then Because The Actual Address Of Its Company Is Located In The UK, And The Contact Number Shown In The Webpage Is Also In The UK, 4XLimited Must Be Regulated By The FCA Like All Other UK Legal Foreign Exchange Companies. But We Only Found A Warning Issued Against 4XLimited In The FCA.
Based On The Above Information, We Can Conclude That 4XLimited Is A Fake Trader.
2022-06-29 FCA Added 4XLimited To Its Warning List
According To The Update, The Company Was Added To Its Warning List By The FCA On 29 June 2022. The FCA Has Warned The Public That The Company Is Providing Financial Services Or Products To The British People Without Its Authorization. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/4xlimited
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That 4XLimited Has Not Obtained Any Valid Licenses At This Time.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: 4XLimited As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
