Score
Precision4x
The Virgin Islands|2-5 years| https://precision-4x.com/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
Contact number
+61 2790 83805
+1 347-460-7504
Other ways of contact
Broker Information
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Precision 4X Limited
Precision4x
The Virgin Islands
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- AustraliaASIC (license number: 001283966) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | Forex: 1:500*, Indices – 1:100, Commodities – 1:100, Metal 1:500, Crypto 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | 0 pip |
| Products | Forex, CFD’s, Commodities, Metal, Indices, Stocks, Crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | Forex: 1:500*, Indices – 1:100, Commodities – 1:100, Metal 1:500, Crypto 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | 1 pip |
| Products | Forex, CFD’s, Commodities, Metal, Indices, Stocks, Crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | Forex: 1:500*, Indices – 1:100, Commodities – 1:100, Metal 1:500, Crypto 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | 2 pip |
| Products | Forex, CFD’s, Commodities, Metal, Indices, Stocks, Crypto |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Precision4x · Company Summary
Note: Precision4x's official website: https://precision-4x.com/ is currently inaccessible normally.
| Precision4x Review Summary | |
| Founded | 2023 |
| Registered Country/Region | The Virgin Islands |
| Regulation | ASIC (Revoked) |
| Market Instruments | Cryptocurrencies, Stocks/Equities, Indices, Commodities, Forex/Currencies |
| Leverage | 1:500 |
| Spread | from 0.0 pips |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | Phone: +61 2790 83805, +1 347-460-7504 |
| Email: support@precision-4x.com | |
| Address: 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918. | |
Precision4x Information
Precision4x is an trading platform that provides access to cryptocurrencies, stocks, indices, commodities, and forex. It offers high leverage and supports trading through MetaTrader 4 (MT4). Despite these features, the platform is currently unregulated and its official website is inaccessible.
Pros & Cons
| Pros | Cons |
| Diverse Instruments | Non-functional Website |
| Lack of Transparency | |
| No Regulation |
Pros:
Diverse Instruments: Provides access to cryptocurrencies, stocks, indices, commodities, and forex.
Cons:
Non-functional Website: The absence of a functioning website indicates a lack of professionalism or operational issues within the company.
Lack of Transparency: The company's website is non-functional. Critical trading information such as demo accounts, leverage, spreads, and trading platforms is not provided.
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency.
Is Precision4x Legit？
 | Australian Securities and Investments Commission (ASIC) |
| Current Status | Revoked |
| Regulated by | Australia |
| License Type | Appointed Representative(AR) |
| License No. | 001283966 |
| Licensed Institution | PRECISION 4X PTY LTD |
Precision4x presents a complex situation regarding its legitimacy. The company, regulated by the Australian Securities and Investments Commission (ASIC), has had its license revoked. A revoked license typically raises concerns about compliance and transparency.
Investors should conduct thorough research and seek updated information from reliable sources to assess the current legitimacy and regulatory standing of Precision4x before engaging in any transactions or investments.
Market Instruments
Precision4x provides cryptocurrencies, stocks/equities, indices, commodities and forex trading.
Accounts
Precision4x Account Types:
- Standard Account
- VIP Account
- ECN Account
Minimum Deposit Requirement: 100 USD for all account types.
Leverage
| Asset Class | Max Leverage |
| Forex/Metals | 1:500 |
| Indices/Commodities/Cryptocurrencies | 1:100 |
Precision4x offers significant leverage across various asset classes, which can amplify both profits and risks for traders. With a maximum leverage of up to 1:500 for Forex and Metals, and 1:100 for Indices, Commodities, and Cryptocurrencies, traders have the potential to control larger positions relative to their invested capital.
While high leverage can enhance profit margins, it also exposes traders to substantial risks, including rapid and significant losses. Traders should exercise caution and implement robust risk management strategies when trading with such high leverage, ensuring they understand the inherent risks and are prepared to manage fluctuations in the market effectively.
Trading Platform
Precision4x offers MT4 trading platforms for Mac, Windows, iOS, Android, and Webtrader. Although MT4 is a beginner-friendly trading platform, Precision4x is not good for beginners due to its invalid regulation. In forex market, there are many regulated brokers offering MT4 and MT5, which are both popular trading platforms. You can choose any of them to start a secure trading.
Customer Service
Precision4x's support team can be reached through:
- Phone: +61 2790 83805, +1 347-460-7504
- Email: support@precision-4x.com
- Address: 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918
Conclusion
In conclusion, Precision4x offers diverse trading instruments with high leverage. However, its unregulated status raises significant concerns about its safety and legitimacy. The lack of complete and transparent information about its trading assets, account details, and other service sections can hinder a trader's decision-making process.
Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
Q&A
Is Precision4x regulated？
No. It has been verified that this broker currently has no valid regulation.
What is the minimum deposit for Precision4x？
$100.
Is Precision4x a good broker for beginners？
No. It is not a good choice for beginners. Not only because of its unregulated condition but also because of its inaccessible website.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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