Precision4x-Overview of Minimum Deposit, Spreads & Leverage
Abstract：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.
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Precision4x's license was revoked, and its current status shows that client transferring is prohibited.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 |
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