Tag: 4XP

February 07, 2014 BY Gerald Segal

4XP shut down? Sure seems so

BVI cease trading order, funds frozen, kicked out of FMRRC, phones go unanswered.... LeapRate Exclusive... It seems as though retail forex broker 4XP is no longer operating, at least as far as money-in money-out is concerned. LeapRate has been contacted by (former) 4XP clients who have been unable to withdraw funds, a theme which we've…

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October 02, 2013 BY Gerald Segal

CySEC warns investors about Forex Place (4XP)

Is this payback for 4XP running "We're not in Cyprus" ads during the EU-Cyprus bailout crisis? Cyprus financial regulator CySEC has sent out a release warning investors against Forex Place Ltd (also known in the industry as 4XP), and their website www.4xp.com, stating that they are not and have never been licensed by CySEC. A…

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May 07, 2013 BY Gerald Segal

Forex brokers find ways to exploit the Cyprus situation

Ads and landing pages have been popping up with "We're not in Cyprus" type ads. Forex brokerages (at least some) had been known years ago, rightly or wrongly, for advertising which goes beyond 'aggressive' and borders on 'offensive'. Well it seems as if some of that type of advertising is back in vogue, following the…

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