4XPrimeTrade Review Is 4xprimetrade.com Legit Or Scam

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4XPrimeTrade Review: 4Xprimetrade.com Dilly Forex Scam

4XPrimeTrade Review: 4Xprimetrade.com Dilly Forex Scam

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Last Updated: Jan 28, 2020 @ 9:17 am

4XPrimeTrade (4Xprimetrade.com) is another overrated Crypto Currency investment platform scamming from anyone who signs up and deposits. 4X Prime Trade is claiming to be a firm Crypto Currency investment solution. With claims of having over 17,000 investors, 4XPrime Trade is trapping unsuspecting investors. Members who already signed up are coming out and showing their disgust with this platform. Want to know more? Read this detailed 4XPRIMETRADE Review for more information.

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4XPrimeTrade Review

With a number of complaints sent our way, we decided to investigate this platform. What seems to be a promising platform is becoming another online scam. Without verifying the authenticity of this platform, investors are signing up without a second thought. It is our duty to defend the good Forex trading name and this is achieved by exposing these scams. 4XPrimeTrade is another rotten Crypto Currency trading platforms stealing from anyone who signs up. You should keep reading this honest review and find out the tricks used.

Professionals scam artists are known to clone websites and fool unsuspecting investors. What you need to start making money is above board and authentic Crypto Currency tools. 4X Prime Trade is already proving to be a nuisance in the Crypto world. With claims of refusing members to make withdrawals, it is time to expose their website. Thanks to our years of trading experience, we know how to spot tricks used by scammers. Make sure to stay away from any platform which shares similar characteristics.

About 4XPrimeTrade

According to the disclaimer at the footer of the homepage, they claim to be located in the UK. What we noticed is they have refused to reveal any contact details apart from an email address. When you check at the disclaimer, they claim telephone numbers are available for VIP Members only. It is weird to think a platform fails to give their contact details to any member. 4XPrimeTrade is a classic example of a scam artist who wants to remain anonymous for obvious reasons.

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4XPrime Trade has also put up a Google Map at the footer of their homepage. Is this supposed to show their actual location? Scam artists will do or say anything to make sure you sign up with them. Most scammers will post fake location details just to attract investors in the European hemisphere. Anonymity is a huge problem with this platform as no one knows the founding members. Names of people running this platform still remains a mystery which makes it impossible to track the owners.

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Is 4XPrimeTrade licensed or registered?

After checking with a few regulatory bodies, we are sure 4XPrimeTrade is not licensed. If they are actually based in the UK, you would expect them to be regulated by the FCA. Sadly, the FCA has no Crypto investment company registered with such a name. It is proof we are dealing with an unlicensed and unregistered platform. Investors who sign up should know funds are never safe with unregulated entities. Funds are easily lost in the hands of illicit online scam platforms.

Why has this platform failed to give users any information regarding their licensing status? An honest broker will post copies of their license certificates for all to see. Others post their license number at the bottom of their homepage for users to verify. It seems 4X Prime Trade is never going to disclose their regulation status. We now have proof 4XPrimeTrade is operating under false pretense. Security of funds is not a priority to them as they just want investors to deposit funds with them.

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Advantages of 4XPrimeTrade

After carefully going through their website, we could not come up with any advantage. Without a valid trading license, it means the owners don’t follow strict industry guidelines. We also suspect these scam artists are only out to steal funds from anyone who signs up. With withdrawal complaints coming from all parts of the world, there is foul play. Resist any attempts to sign up with this platform or else become their next victim. Ensure you block any calls you receive from their call agents.

Disadvantages of 4XPrimeTrade

Accounts offered

4XPrimeTrade is furnishing users with four different account plans. The four plans include Starter, Premium, Deluxe, and Exclusive. Even with their most basic account, minimum trading requirement is still high. The platform is charging $300 to $1,000 for the Starter account plan. It should be noted the acceptable and set minimum trading requirement is set at $250. Another problem with these plans is a guaranteed ROI which is impossible in the real trading world.

Deposit and Withdrawal

Depositing funds with this platform has been made easy and fast. Depository channels include American Express, Bitcoin Cash, MasterCard, Payeer, Visa, among others. It is easy for anyone to deposit funds since channels are available globally. What still remains to be a huge problem with this platform is withdrawal of funds. How can users be blocked from accessing their funds?

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Fake claims

If this broker had the number of investors mentioned, we could have heard it on social media platforms. Even the most experienced traders in the UK have never heard of this platform. It is clear we are dealing with a scam artists who will post fake claims just to lure investors.

Unknown platform

Another problem we noticed with this platform is lack of any information regarding their trading platform. It is scaring to know users are signing up to trade with an unproven platform. The scam artists also fail to give users a demo account which means they are up to no good. Without a proven trading platform, it is difficult to know the effectiveness of the platform. In terms of execution, how fast is their platform? Is their platform stable enough? Does their platform have necessary security features?

Are funds safe with 4XPrimeTrade?

It is clear to see funds are not safe with this platform as no member has made any withdrawals. Segregation of accounts is also another problem as 4XPrimeTrade is pooling funds in one account. It is also possible users are depositing funds straight to an unknown third party account. Is it the reason why they fail to disclose information regarding who handles funds?

Is 4XPrimeTrade a scam?

Without a shadow of doubt, we are dealing with a broker with a wanting reputation. 4XPrimeTrade is a scam which is about to steal from any investor who deposited funds with them. It is sad that such scam artists operate in the lucrative Forex market. All authorities should come together and shut down this platform. What seems to be a lucrative platform is turning out to be a total scam. Stay away from 4x Prime Trade or become their next scammed member.

Bottom line

With all facts revealed, we have no other option but to add this platform to our scam blacklist. Ensure you warn your friends from signing up with this platform.

You can also opt for authentic and genuine Forex robots for a chance to make sustainable profits.

Wishing all investors a happy and prosperous trading experience.

4XPrimeTrade Review – is it scam or safe?

4XPrimeTrade says to be a UK based company offering crypto currency investment solutions to clients all around the world. What is more, 4XPrimeTrade say to be using some advanced investment techniques to guarantee hourly returns of up to 100%.

Account type Min. deposit Max. leverage Spread s
Starter Plan $300 n/a n/a
Premium Plan $1000 n/a n/a
Delux Plan $5000 n/a n/a
Exclusive Plan $20 000 n/a n/a

We all agree that this sounds fantastic and yet there are a number of questions that make us quite uneasy about 4XPrimeTrade offer – despite their claim to be a legit financial company registered in the UK, they are not regulated by the local Financial Conduct Authority (FCA) as the should be, if they want to target UK customers or customers from the broader EU.

Also, you should be extra cautious if someone promises you guaranteed returns, so if you are considering investing your funds with 4XPrimeTrade, better read the following lines.

4XPrimeTrade Advantages:

We usually do try to list any possible advantages a broker might offer its clients and yet, with 4XPrimeTrade there are simply no positive sides.

4XPrimeTrade Disadvantages:

4XPrimeTrade claims to be owned and operated by 4Xprimetrade Ltd., a UK company registered on 66 Great Suffolk Street, London, United Kingdom, SE1 0BL. As we already noted all companies offering financial services from British soil should be licensed and authorized by the local Financial Conduct Authority.

A FCA license guarantees that the broker maintains at all times operational capital of no less than 730 000 EUR, keeps all clients money in a segregated, form its own, protected form creditors trust account, files regular reports, allows external audits and participates in a client compensation fund basically insuring your trading capital for up to 85 000 GBP.

And the problem here is that 4XPrimeTrade is not registered with the FCA and that makes their operations in the UK or on any other regulated market completely illegal.

Also, when we checked their contact address in Google, it turned out a number of other unregulated financial companies appear to be headquartered in the same place. On top of that all those companies – 4XProTrade, FairCryptoMarkets, IndexCryptoMarket, FXCryptoGain, TradExpertFX, FXTradeBox, FXCryptOption, together with 4XPrimeTrade basically have identical websites, which makes us suspect that what we have here is a serial scam.

Our best advise is to avoid unregulated websites like 4XPrimeTrade at all cost and trade only with properly regulated brokers, like the ones, licensed and authorized by the FCA. Here you may check our list of UK regulated brokers:

What 4XPrimeTrade is basically offering are managed accounts, which they claim will be earning you hourly returns of between 33% and 100%, 100% guaranteed. See for your self:

What you should have in mind here is that 4XPrimeTrade act as a market maker, which means they make money whenever traders lose. So, when they offer you to manage your account, this basically means they will have an incentive to lose your money in their own pockets – this is called conflict of interest.

Also be aware that 4XPrimeTrade reserves the right “to change the rules, commissions and rates of the program at any time” and at their sole discretion without notice. See for yourself:

Skrill not available as payment method

Despite the various logos of e-wallets displayed on their homepage, as we proceeded with our registration the only payment methods available turned out to be Bitcoin, Ethereum, some major credit cards and bank wire. You can not pay with Skrill for example and this is notable, because of the new anti scam policy adopted by the money transfer company a year ago. According it Skrill partners only with properly licensed brokers and as we already established – 4XPrimeTrade does not have a license whatsoever. Here you may check our list of brokers, accepting payments with Skrill:

4XPrimeTradeis a unregulated website, which seems to be a part of a serial scam – one of a dozen identical websites, released by scammers one by one, after the previous scam website has been exposed. Once again be sure to trade only with proven and properly regulated brokers like the ones licensed and authorized by the FCA in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC) – probably the three best known financial regulators in the industry.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Gary Strong / 4xprimetrade.com

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Gary Strong aka Antonio Diego has created yet another scam website called 4xprimetrade, this is in addition to 10xpartners club which is still actively scamming investors out of thousands of $$$$$$. Once again he is using fake registration documents and his prime reason for doing this is to steal any funds that he receives into this ficticious forex brokerage. Anything to do with Gary Strong is a total scam.

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Fake Report – Companies House Confirms Gary Strong is not the owner

A simple company house search will confirm Gary Strong is not the owner – false news hosted on a fake website that makes money from fake reports.

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