4xbrands Review

Is 4xbrands Scam or Legit Broker?

4xbrands is not a safe broker as it does not hold any serious license. It is registered in St. Vincent and the Grenadines and does not provide proper safety terms and conditions. 

• Saint Vincent and the Grenadines (SVG) is a popular offshore jurisdiction for forex brokers due to its low set-up requirements and minimal regulation. Yet, the lack of regulatory oversight and lax requirements can also lead to potential risks for traders who choose to sign up with brokers registered with the SVG Financial Services Authority.

What is 4xbrands?

4xbrands is a Forex and CFDs broker. The company is owned and operated by 4Xbrands Ltd., registered in St. Vincent and the Grenadines, a popular offshore zone for forex firms. The broker doesn't provide much information about its trading conditions as well as about the location and contact details.

The only way of contacting the company is via "call request". The terms and conditions on the website mention Cyprus as the jurisdiction responsible for the brokerage, although the company doesn't seem to be regulated by any of the authorities.

• In addition, Italy's regulator CONSOB issued a warning against 4xbrands in February 2018:
  "The National Commission for Companies and the Stock Exchange has ordered, in accordance with art. 7-octies, letter b) of the TUF, the company 4Xbrands Ltd (www.4xbrands.com), to cease the infringement of art. 18 of Italian Legislative Decree no. 58/98 put in place through their respective website, consisting of the provision of investment services and activities to the Italian public, including through the internet network (resolutions n. 20288, 20289 and 20290 of February 7, 2018)."

4xbrands Review Conclusion

Trading with offshore brokers is extremely risky. Many of these brokers are scam companies trying to attract investments. We always recommend avoiding offshore brokers as 4xbrands and investing only with brokers that are regulated by reputable authorities alike UK’s FCA, Australian ASIC, or other similar regulators, that provide compensation and are strictly supervised. We advise signing in with reliable brokers such as BlackBull Markets, XM, and BDSwiss. 

4xbrands Update

We found the 4xbrands website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come.