4xCube Review 2020
4xCube is an online trading broker that offers forex and CFD trading in currencies, cryptos, energies, metals, and indices via the ever-popular MetaTrader 4 platform and their proprietary CubeTrader applications. They provide both STP and ECN trading account services, offering decent execution speeds with minimal requotes and competitive spreads.
4xCube Review 2020, Pros & Cons
- $5 minimum deposit
- Up to 1:400 leverage
- Social trading tools
- User-friendly trading platforms
- VPS hosting
- Offshore regulation
- No US clients
- Lack of educational resources
- No stocks
In this detailed 4xCube review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
4xCube is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including 4xCube.
4xCube Review: Summary
4xCube is an online forex and CFD broker that offer trading in more than 80 instruments across five asset classes. In addition to the MT4 platform, they also provide their own web based and Android trading platform called CubeTrader. The broker offers ECN accounts and flexible leverage of up to 1:400.
However, there was no mention of negative balance protection and they are regulated offshore. Most trading experts and professionals would take great caution with a broker who is regulated offshore as they may not give the same protection to clients as a broker regulated by the FCA, CySEC or ASIC could. You can see our best trading brokers for some alternative regulated brokers. In addition, they don’t have many educational resources to support those who are new to trading.
4xCube Review: Regulation
4xCube Ltd is registered in the Cook Islands with number ICA 12767/2018 and regulated by the Financial Supervisory Commission (FSC) of Cook Island, with Money-Changing License number: MC03/2018.
Clients’ funds are kept in segregated accounts that the broker maintains with top banks, so the company should not use the funds for their own operations. All accounts are monitored and reviewed by both internal and external auditors. Their external audit is performed by BDO, which is one of the world’s largest Audit firms.
In February 2019, the broker became a member of the Financial Commission — an independent organization that settles disputes between clients and brokers. Financial Commission membership offers the broker some credibility, as it comes with many benefits for eligible clients including, but not limited to, payment of up to €20,000 for each case won — backed by the Financial Commission’s compensation fund.
4xCube Review: Countries
4xCube allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. But they specifically state that they do not offer services to residents of certain jurisdictions such as USA, North Korea, Bosnia and Herzegovina, Ethiopia, Iraq, Syria, Uganda, Vanuatu, and Yemen.
Some 4xCube broker features and products mentioned within this 4xCube review may not be available to traders from certain countries because of legal restrictions.
4xCube Review: Trading Platforms
MetaTrader 4 Platform
The MT4 platform is one of the most widely used trading platforms for forex trading online. It has a user-friendly interface and comes with a wide range of technical indicators, three chart modes, multiple timeframes and order types, an alert system, and many other features. In addition, you can create customized charts, indicators, and expert advisors on the platform.
There are different applications of the platform, but 4xCube provides the desktop, iOS, and Android applications to their clients. While the mobile MT4 apps may not have all the MT4 functionalities, they make it possible for you to trade whilst on the go provided you have an internet connection.
4xCube has a proprietary trading platform they call CubeTrader. The platform is simple, innovative and easy to use. This platform, which can be downloaded from the brokers website, is available as a web based and Android application.
4xCube Review: Trading Tools
4xCube offers interested clients 100% free virtual private server (VPS) hosting by partnering with HokoCloud, a popular social trading provider. With a VPS, traders can implement automated trading all through the market hours even when their computers are switched off. Additionally, the tool can be used to copy traders on the HokoCloud social trading network.
4xCube makes it possible for their traders to easily subscribe to trading signals provided by other traders via the MT4 platform. There are both free and paid subscriptions on the signal terminal of the platform, and you can analyze the results of the various signal providers to determine which one to subscribe to. It should be noted that there is no guarantee of results when copying trading signals and you should have a thorough understanding of all the significant risks involved with trading online.
Social Trading Tools
The broker supports social trading and provides their clients access to several social trading networks, such as ZuluTrade, HokoCloud, and MyFXBook. Interested traders can register with those social trading platforms to copy the trades of any professional traders of choice.
4xCube also gives their clients the opportunity to get involved with AI trading tools like the 8topuz Artificial Intelligence Trading System and SwapHunter. Again, you should be very clear of the risks when using automated trading tools. Keep in mind that historical performance is no guarantee of future performance.
4xCube Review: Education
The broker occasionally organizes online webinar classes in various languages to help their traders get a better understanding of the factors that move the markets and how to potentially take advantage them.
They cover topics like fundamental analysis, technical analysis, and sentimental analysis. The language for each webinar is announced before time so that traders who understand the language can choose to be part of it.
Apart from the webinars, there are no other educational resources provided by this broker. This is a very limited selection as the trading brokers review team would have liked to have seen trading guides, tutorial videos to help beginners familiarise themselves with the basics of trading online.
4xCube Review: Trading Instruments
With 4xCube, there are over 80 forex and CFD instruments you can trade, which are spread across five asset classes — FX currency pairs, cryptocurrency, metals, energies, and indices.
- Currency pairs: There are over 60 currency pairs, including the major, minor, and exotic pairs.
- Cryptocurrency: The broker offers CFD trading in Bitcoin, traded as BTC/USD pair
- Metals: 4xCube offers CFD trading in two precious metals — gold and silver
- Energies: The broker offers Brent Crude Oil and WTI Crude Oil contracts
- Indices: US Wall Street 30 Index, US SPX 500 Index, UK 100 Index and Japan 225 Index are some of the indices offered by the broker
4xCube also offers interested clients the opportunity to invest in managed investment accounts. It must be stated that there are zero guarantees of results when investing in a PAMM account and past performance is not an indicator of future results. You should be fully aware of the significant risks involved with trading online.
4xCube Review: Trading Accounts & Fees
4xCube offers three account types:
The Standard trading account is meant for new traders, and it has the following features:
- A minimum deposit of $5
- Spreads from 0.7 Pips
- Leverage up to 1:400
- Zero commissions
This account is for more experienced traders who want a professional advantage. Here are the features:
- $1,000 minimum deposit
- Spreads from 0.1 Pips
- Leverage up to 1:400
- $3/Lot RT commission
VIP Accounts are accessible to high-net-worth individuals and have the following features:
- A minimum deposit of $25,000
- Spreads from 0.2 Pips
- Leverage up to 1:400
- Zero commissions
4xCube Review: Customer Service
4xCube can be reached through multiple support channels, including telephone, online chat, email, and an online contact form. The customer service team is available 24/5 to provide immediate support during trading hours. A few phone numbers are available on the website, and for people in Brazil, there is a toll-free number to call during working hours.
4xCube Review: Deposit & Withdrawal
There are many acceptable payment methods with each having different transaction fees:
- Bank transfer: Both deposits and withdrawals take about 2-3 days to process. Transaction fees depend on the bank and the type of transaction
- Credit/Debit Cards: The broker accepts MasterCard and Visa cards. Deposit is instant, but withdrawal takes one business day. Deposits cost 3% while withdrawals cost 0.15%
- Online wallets (APMs): Acceptable e-wallets include NETELLER, AstroPay, UnionPay, Help2pay, PerfectMoney, WeChat pay, VLOAD Voucher, Fasapay, and PayRetailers. Deposits are processed instantly, but withdrawal takes a working day. Transaction fees vary.
- Cryptocurrency: Acceptable cryptos are Bitcoin, Bitcoin Cash, Ethereum, and Dash. The transaction fee is 1% for both deposit and withdrawals
As broker fees can vary and change, there may be additional fees that are not listed in this 4xCube review. It is imperative to ensure that you check and understand all of the latest information before you open a 4xCube broker account for online trading.
4xCube Review: Account Opening
To open an account with 4xCube, click on the green ‘register’ button at the right top corner of the broker’s homepage and fill the form that is displayed.
Then, confirm your email and fill the requested details. Supply them with your KYC documents, which includes a means of identification and your proof of address. It may take some days to verify your documents. You can then fund your account and start trading online when you feel ready to do so. As with any product or service, make sure that you read the brokers terms, conditions and all other policies very carefully.
4xCube Review: Conclusion
4xCube is an online trading and investment provider that offers forex and CFD trading in multiple currencies, stock indices, precious metals, energies, and cryptocurrency. They provide direct market access through ECN accounts and offer social trading solutions along with PAMM investments.
However, they are based in the Cook Islands and thus considered an “offshore” broker. Furthermore, they could improve on the selection of educational resources and non-FX/Crypto instruments that they provide to clients.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients.