Score
Precision4x
The Virgin Islands|2-5 years| https://precision-4x.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：PRECISION 4X PTY LTD
License No.：001283966
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
The Virgin Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskAccount Information
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Website
precision-4x.com
Server Location
Singapore
Website Domain Name
precision-4x.com
Server IP
43.229.86.103
Company Summary
Note: Precision4x's official website https://precision-4x.com/ is currently inaccessible normally.
| Precision4xReview Summary | |
| Founded | 2023 |
| Registered Country/Region | The Virgin Islands |
| Regulation | ASIC (Revoked) |
| Market Instruments | Cryptocurrencies, Stocks/Equities, Indices, Commodities, Forex/Currencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | Variable spread |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Tel: +61 2790 83805, +1 347-460-7504 |
| Email: support@precision-4x.com | |
| Address: 6547 N Academy Blvd #2266 Colorado Springs, Colorado 80918 | |
Precision4x was registered in 2023. It uses MT4 as its trading platform, and offers trading services on cryptos, stocks, commodities, forex, and so on. The leverage can be up to 1:500. Nevertheless, it is not strictly regulated, so potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| MT4 provided | Inaccessible website |
| Multiple market instruments | Revoked ASIC license |
| No demo accounts |
Is Precision4x Legit?
Precision4x's license was revoked, and its current status shows that client transferring is prohibited.
 | Australia Securities & Investment Commission (ASIC) |
| Regulatory Status | Revoked |
| Regulated by | Australia |
| Licensed Institution | PRECISION 4X PTY LTD |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 001283966 |
What Can I Trade on Precision4x?
On Precision4x, customers can trade Cryptocurrencies, Stocks/Equities, Indices, Commodities, and Forex/Currencies.
| Tradable Instruments | Supported |
| Forex/Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks/Equities | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Precision4x offers 3 types of accounts: Standard, VIP, and ECN.
| Account Type | Min Deposit | Max Leverage | Spread | Commission |
| Standard, VIP, ECN | $100 | 1:500 | Variable spread | 0 |
Leverage
For forex and metals trading, the leverage is capped at 1:500;
While for indices, commodities and cryptocurrencies trading, the leverage is up to 1:100.
| Asset Class | Max Leverage |
| Forex/Metals | 1:500 |
| Indices/Commodities/Cryptocurrencies | 1:100 |
Generally speaking, when the leverage is high, potential risks may also be high. Therefore, careful considerations are needed.
Trading Platform
Precision4x uses MT4 as its trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mac, Windows, iOS, Android, and Webtrader | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Deposit Option | Min Deposit | Commission | Processing Time |
| Bank Transfer | $100 | / | 3-5 business days |
| Tether | ❌ | Instant | |
| PAY | ❌ | Instant | |
| Help2Pay | ❌ | Instant |
| Withdrawal Options | Commission | Processing Time |
| Bank Transfer | / | 3-5 business days |
| Tether | $5 if withdrawing less than $100 | Within 1 business day |
| PAY | Within 1 business day | |
| Help2Pay | Within 1 business day |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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