The company is headquartered in the British Virgin Islands and is not regulated. They appear to be a mixed bag.

Good points include a lot of trading resources, a day demo account , and experience in the broader world of trading. There are some negatives in terms of fees, poor flexibility, and reputation, however, to contend with. Registering takes a few minuets and costs nothing. A proprietary 4XP binary options platform is used instead.

There are no email instructions, either. Talking to customer service is the only way to figure out what to do with the demo account. While the website states that multiple currencies can be used to trade, when you sign up only USD shows up on the drop-down list, which is probably a temporary site error.

You can deposit using credit card, Skrill, Neteller, wire transfer or Liberty Reserve. Mobile trading is available, which is an excellent feature. Along with the lack of flexibility with the trade sizes, there is another drawback relating to withdrawals.

Trading resources is one area in which 4XP seems to excel. There are a number of tools available including an economic calendar, world interest rates, and daily market analysis.

Online Trading & FX for Business | OANDA

There are also a lot of manuals, demos, webinars, and other informative pages on the site. There are some discussions on technical and fundamental analysis. With a lot of BO sites, there is little or no attempt to encourage thoughtful trading.

Any sign that a broker is looking for long-term customers instead of people who will trade a couple of times, blow their bankrolls and leave, is a positive sign of trust. On a Saturday we were unable to get a hold of an agent via live chat, though the desk claimed that an agent was online.

It could be that the agent was simply very busy, but we were uncertain as to whether anyone was really staffing the desk.

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It is quite common for BO broker desks to say that they are available when in fact they are not. The resources are definitely something to recommend them, as is their background in FX trading. Since the company has been around since and has been operating within a broader context, they do have a lot of experience in offering trading services.

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There is a list of awards which the company has won from the World Finance Magazine and other websites. Unfortunately we did find a significant number of negative reviews and ratings for 4XP from customers. A number of the reviews did touch upon dubious customer service, however, so we recommend caution when considering 4XP. Test out their customer service team yourself before you commit to trading binary options with them. Mail will not be published required. You can use these tags: Binary options trading involve risk.

Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.

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One Trader's Review VN: October 22, at This company is a ripp off.

Do not trade with them. I am surprised no one shout them down. Leave a Review Click here to cancel reply. IQ Option Min Deposit: Wynn Finance Min Deposit: Poll Do you prefer OTM or ITM options? Out-of-the-money OTM In-the-money ITM Doesn't matter.

Lots of manuals, demos, webinars, info on technical and fundamental analysis. It's not in-depth, but it's more than a lot of sites have. Best Online Broker in Western Europe by World Finance Magazine Best Forex Education Provider and Best Global Trading Platform by ME Forex Expo Abu Dhabi Best Financial Services Telecoms Application in Western Europe by World Finance Magazine Best Trading Platform in Western Europe by World Finance Magazine.

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