Neural 4X seems like a legitimate EU trading firm with an appealing domain. However, this might not be the case. Read our Neural 4X review and learn everything about this investment firm before investing your money.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | neural4x.eu neural4x.uk |
| Blacklisted as a Scam by: | CONSOB |
| Owned by: | Notesco Limited |
| Headquarters Country: | Bermuda |
| Foundation year: | 2020 |
| Supported Platforms: | MT4 |
| Minimum Deposit: | $100 |
| Cryptocurrencies: | Yes – BTC, ETH, XRP |
| Types of Assets: | FX, commodities, indices, shares, cryptocurrencies |
| Maximum Leverage: | 1:300 |
| Free Demo Account: | Yes |
| Accepts US clients: | No |
What About Neural 4X Regulation?
Neural 4X is a brand owned by Notesco Limited, based in Bermuda. Knowing that this offshore country is not the most reliable headquarters and provides almost no regulatory supervision, we asked many questions.
Furthermore, the company has a UK domain as well and claims to be a part of Notesco UK Limited, a firm trading under the name IronFX.
In addition, we strongly advise you not to invest inGlobal Solution,Trading 360 andZivyard fraudulent brokers.
What’s Wrong With A Trading License?
Neural 4X is not regulated in Bermuda or any other Tier1 zone. The UK entity has an FCA license, but it’s unclear whether these two firms are anyhow related.
Simply speaking, investing your money with a Neural 4X broker means investing with yet another offshore scheme.
Neural 4X Warnings From Financial Regulators
After receiving numerous Neural 4X complaints, the Italian regulator added this company to the list of fraudulent firms, stating that despite its domain, the broker cannot provide legal financial services in the EU.
Virtually Anonymous Website
Yes, Neural 4X provided some information, but it’s far from enough. Since the broker is offshore, we need more assurance that funds are safe than stating who’s the owner and where the firm is based. There’s nothing on the banks where the funds are held nor the regulatory rules this company follows. Presuming it follows any. Furthermore, some facts, such as minimum deposit and commissions, are quite unclear, making investing with this firm even less desirable.
Fund Withdrawal Issues
Since Neural 4X is not regulated, it can follow its own rules. Meaning there are none. The company is taking money and showing fake accounts to customers. Still, once they decide to ask for the payout, suddenly, account managers are not available and the account access is frozen.
This happens with most offshore firms, so it’s recommended to avoid them. If, however, you’re already involved with Neural 4X, it’s time to seek help.
Traders About Neural 4X Scam
Neural 4X reviews are mainly negative, expressing clients’ frustration about withdrawals. They also state that account managers are asking them to access their devices via AnyDesk, just to steal all the money and disappear.
Also remember the names of theCTA Capitals,Expert Financial Solutions and HonorFX trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Supported Trading Platforms – Available Trading Software
If there’s one good thing, it’s the Neural 4X trading platform. Even though it’s announced that you have a wide selection, the truth is that the broker enables access only to MT4 via multiple devices. However, this platform is one of the best on the market, so we will not complain.
Yet, the reason to complain would be unregulated leverage of up to 1:300 and a rather high spread of 2.2 pips for the EUR/USD pair.
Online Trading Scams – Where It All Start?
Usually, a trading scam starts after you submit your information to the broker’s ad. Most offshore brokers will work on creating terrific ads, going exactly to the point – helping you make lots of money with a small initial deposit. However, most of these promises in the ad are just that – fake promises. The company will deliver nothing, and once you invest everything you have, most likely, they will vanish.
Neural 4X Trading Accounts
There are 3 Neural 4X account types.
Even though it’s stated that the Standard account requires no minimum deposit, you’ll be prompted to invest at least $100 when talking to account managers. If you try to process your card on your own, you will be prompted for a minimum of $500.
Another discrepancy that, together with the Neural 4X Bonus Policy, makes this firm a complete scam.
Neural 4X Range of Trading Instruments & Markets
Neural 4X enables trading on 5 major markets, including:
- Currency pairs
- Commodities
- Indices
- Shares
- Cryptocurrencies
Scammed by Neural 4X? – Tell Us Your Story
If you were a victim of a Neural 4X scam, let us know. Our chargeback specialists will be glad to explain to you the refund procedure and help you file a dispute.
But What Is A Chargeback?
This is a way for your bank to get your funds back from the merchant. Instead of waiting and letting scammers steal your life savings, take action! Contact us via online chat now, book a free consultation with one of our experts and get your money back!