Beware 4xCube is an Offshore-Licensed Broker. It is NOT SAFE to trade.
- Company name:
4xCube Limited. 4xCube Technologies Ltd. 4xCube Group.
- Registration Address/ License:
Cook Islands. UK. Offshore License, No Regulation.
4xCube is a CFD and Forex broker that states their 20-year experience across different markets and clear, true STP/ ECN trading environment, which is accessible through unparalleled safety of trading accounts. The given information about the broker’s registration is rather unclear and confusing than confirming an authorized service delivery, despite the fact that the firm established this year 2018. The company behind the 4xCube brand is registered in the UK, while the leads going to the Cook Islands also with its claimed registered license.
However, in fact, the Cook Islands license from FSC (Financial Supervisory Commission) is an offshore one and is a very small Island, not a reputable financial location with the strictest investment firm establish standards. Your investment and trading itself might be at risk due to the fact the broker holds an only offshore license and not any other compared to a financial service licenses like UK’s DCA or Australian ASIC. Simply offshore firm means there is no strict and high check on the firms’ operation before its establishment or along the operating process. The offshore authority does not require high professionalism or follow of customer protection, therefore most often offshore broker deliver service as they wish. For that reason, it is the highest risk investment, as the trader never know what to expect.
Unfortunately, we can’t recommend 4xCube due to the lack of serious regulation, as long as safety measures always go first the regulated status is the only that can confirm the implemented security. Overall, we would better advise choosing among the Regulated brokers from the resected and reputable entities that prove their status with the constant check on of the operation by the industry authorities.
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