4xhub is a broker allegedly based in Malaysia but regulated by LFSA, a license provider from the province Labuan. Yet, it’s all a lie. And we exposed it. Read this 4xhub review and get all the details before you involve yourself with this scheme firm.
| Broker status: | Regulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | 4xhub.com 4xhub.com.au |
| Blacklisted as a Scam by: | N/A |
| Owned by: | 4xHub Limited |
| Headquarters Country: | Malaysia |
| Foundation year: | 2021 |
| Supported Platforms: | MT4 |
| Minimum Deposit: | $100 |
| Cryptocurrencies: | Available |
| Types of Assets: | Forex, indices, commodities, cryptocurrencies |
| Maximum Leverage: | 1:100 |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
Is 4xhub a Secure And Regulated Platform?
4xhub claims to be a brand of 4xHub Limited, based in Malaysia and regulated in Labuan. We got no results after reviewing the LFSA register by name and the regulation number. It means that 4xhub is another unregulated scheme trying to pass as legitimate. Sadly, it’s not licensed, and your funds are not safe.
How Unsafe Is An Unlicensed Broker?
Unlicensed brokers are free of any supervision. Basically, they can provide any trading conditions they want, keep your funds together with companies, and easily vanish. That’s what happened too many times before, and that’s what we believe will also happen here.
Also, we recommend you not to invest in the fraudulent brokersGlobal Profit,XE PrimeandAltoFX.
Is 4xhub a Legit Broker or a Scam?
4xhub is an unlicensed online trading broker. It was never regulated or registered as a business in Malaysia. The consumer index is 1, indicating you should not trust the website.
Traders’ Experiences With 4xhub
With everything being said, you can already guess how 4xhub reviews look. Defrauded investors are trying to seek help from the regulators, but it doesn’t work. Since the firm is not actually licensed, no authority would take responsibility and reimburse the victims. Most of them have filed police reports and have to find alternative recovery solutions.
If you find yourself scammed, it’s of utmost importance to report it right away.
4xhub Use MetaTrader4 Platform – Available Software
4xhub offers one of the best platforms there are, MT4. This is a terrific trading software with many charts and indicators. It enables social trading and automated trading, making the investment process relatively easy. However, having no license significantly impacts how we feel about this particular MT4.
4xhub Mobile Trading
The MT4 comes with a mobile app available for Android and iOS. Logging in and managing your trades is quite easy.
MAM / PAMM – Multi Account Manager
The company claims to offer Multi Account Manager software, an additional solution sourced from a specialized yet not named firm. Using this software, trades are allocated from the MT4 to a software acting as a money manager, placing trades for you. Funds are distributed by balance and equity allocation, and that’s how the profit is split. Numerous people’s funds are transferred to the same place, the money manager decides about the trade, and the payoff is divided according to the amount of invested funds. Since everything about this software seems blurry, starting with the no-name developer, we vote against it.
All About 4xhub Accounts
There are 3 4xhub account types:
The difference in funds is quite big, so we checked what you could get. The more you upgrade your account, the spread and other costs are lower. That’s about it.
4xhub Broker – Countries Of Service
4xhub trading scam is mainly active in:
- Australia
- US
- Singapore
- China
4xhub Range of Trading Instruments & Markets
4xhub is missing one of the largest assets, shares. Customers can invest in:
- Currency pairs – around 60 pairs
- Commodities – gold, oil, silver
- Indices – 10 global indices
- Cryptocurrencies – BTC, XRP, ETH
Also remember the names of theFinanceCapitalFX,Trade UnionandDualixtrading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Customer Support – Communication Channels
4xhub contacts its customers in various ways. The broker advertises its services on Google, Instagram, and Facebook, getting personal information such as phone numbers and email. Once the employees of 4xhub get ahold of it, they will start calling and sending all kinds of lures and promotions, trying to get as many clients.
Once you invest, an account manager will contact you, allegedly to assist. In fact, this person will try and find the best way to get to your online banking, whether through AnyDesk, TeamViewer, ScreanLeep, or any other tool. From there, your funds are pretty easy to steal.
Minimum Investment Amount
The company has quite a low initial deposit, standing at $100. However, it’s not enough. Despite the low start, your account manager will never let it stay there. Since the company is unregulated and the broker can tell anything, they will pressure you to upgrade and invest more. And when you give all your life savings, the broker will simply disappear.
The Importance of Legal Documents
Any legitimate broker needs to have transparent Terms and Conditions, a Privacy Policy, and other legal documents. Clients have to know exactly who they’re dealing with and what are the conditions of their investment. However, 4xhub and similar bogus firms don’t care. We haven’t found any legal documents and no information about any relevant trading terms.
4xhub Trading Conditions
Again, we have solid trading conditions serving as a lure.
About Leverage And Spreads
The spread starts at 0.8 pips, which is relatively lower than average. This may look like a good idea before you remember that the firm is unregulated and is not after commissions but after your entire deposit. Besides, the leverage is fixed at 1:100. EU and UK regulators have a limit of 1:30, while in the US and Australia, this limit is 1:50. And 4xhub goes above it all.
4xhub Deposit, Withdrawal Methods, And Fees
If you’re still interested in depositing with this firm, which we don’t believe in, here is the basic information.
What Payment Methods Does The Broker Accept?
The company accepts deposits via:
- FasaPay
- Skrill
While these e-wallets are solid, there’s an issue. When a firm is not legitimate and there are no Terms and Conditions, you have no idea how you can withdraw your funds. Even worse, you don’t know how much withdrawals will cost and are there any hidden terms.
Scammed by 4xhub Broker? – Let Us Hear Your Story
If you were scammed by a broker 4xhub, let us know. Our chargeback specialists will evaluate your case during a free consultation and see how we can help you recover the stolen money.
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the fraudulent transaction. Contact us via online chat, get in touch with our experts, and let’s start the process. It’s important to act before the broker vanishes. There’s no better time than now.