4xincome Review

Is 4xincome Scam or Legit Broker?

No, it is not safe to trade with 4xincome. 4xincome is owned by Sky Hub Limited, which is an offshore company registered in St. Vincent and the Grenadines.

• St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CF Merchants, Monfex, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

What is 4xincome?

According to the website, 4xincome is a social trading and investment company that "allows its users to watch the financial trading activity of other users, copy them, and to make their own trades." It offers a wide range of trading instruments – over 60 currency pairs, CFDs, Spot metals and Indices, and over 180 Share CFDs. 

• However, the broker doesn't provide any information about its regulation and most probably it is not supervised by any authority. One more suspicious thing is that they don't provide any contact information, so the user needs to "request a call" and leave his phone number and probably receive hundreds of calls from the company that looks like one more offshore investment scam. 

4xincome Review Conclusion

We recommend all investors and traders avoid 4xincome and other brokers from St. Vincent and the Grenadines. It is not advisable to trust your funds to unregulated or offshore brokers, as many of them run investment schemes. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HYCM and BlackBull Markets.

4xincome Update

Recently 4xincome website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.