Concept4x Review

Is Concept4X Scam or Legit Broker?

No, it is not safe to trade with Concept4X as it is not regulated. Concept4X is owned by AllGreen Capital Ltd., which is an offshore company registered in Dominica (Read Dominica registered TradersWay Review).

• Dominica 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 Global Clearing Group, TradeToro, and more.

What is Concept4X?

Concept4X claims to be one of the world’s fastest-growing and best Forex trading platforms. With a fast learning curve, user-friendly interface, and excellent customer support, Concept4X offers its traders the best and ultimate online trading experience on the internet. The company was established as a new way for Forex traders to easily invest on a platform that is easy to use and easy to understand. They also develop advanced Forex strategies that guide traders in trading in stock markets.

• The company is located in a known offshore zone, which does not require minimum capital requirements that shows company sustainability, as well as does not regulate Forex businesses yet. Therefore, that means that the company operates on its own risk and management style while the client may face some manipulations or will not be compensated by any international organization in case of insolvency.

• According to the website, the broker has three different offices in three different locations, Wenlock (London), Dominica, and recently Cyprus. They also provide Cyprus contact number. However, there is no information about Concept4X regulation with the Cyprus regulator as well as UK’s FCA. 

• The broker is not regulated and has been misleading its clients with false information. Moreover, the Cyprus Securities and Exchange Commission has included Concept4X in its warning list:

“The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the following websites do not belong to an entity which has been granted authorization for the provision of investment services and/or the performance of investment activities.”

Concept4X Review Conclusion

We advise all investors and traders to avoid Concept4X and other brokers from Dominica. They do not hold any serious licenses and might often be spam brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

Concept4X Update

Recently the Concept4X website remains inactive, meaning the broker has muted 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.