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Forex4you Review
Forex4you general information
Founded in: | 2007 year |
Headquarters: | British Virgin Islands |
Offices in the country: |
British Virgin Islands, Vietnam, India, Malaysia, Thailand |
Minimum Deposit: | 20 $ |
Website: | www.forex4you.com |
Website languages: |
English, Vietnamese, Indonesian, Spanish, Italian, Chinese, Malay, Russian |
Execution model: | NDD, STP |
Deposit currency: | USD, EUR, RUB |
Support languages: |
English, Vietnamese, Indonesian, Spanish, Chinese, Malay, Russian, Thai, Hindi |
Regulated by: |
FSC (British Virgin Islands) license №SIBA/L/12/1027 |
Mobile trading: | iOS, Android |
Types of offered accounts: |
Demo accounts (with a time limit), Standard Accounts, STP accounts, Cent accounts, Swap free accounts, VIP accounts |
Trust management: | PAMM |
Affiliate program: | Yes |
Forex4you Forex broker description
Forex4you is a trademark name for e-global trade and finance group that is a trader in forex. The company was established in 2007 and has achieved a lot of success in its activities over the years. It has now achieved the distinction of being a global brand with branches all over the world to serve its many international clients.
Trading Accounts
For you to be able to trade at Forex4you, you will need a trading account that will allow you to execute your trades. Forex4you has a variety of trading accounts, each with its own special features that suit different client preferences. These accounts include:
- The demo account.
- The cent account.
- The cent NDD account.
- The classic account.
- The classic NDD account.
- The pro STP account.
The Demo Account
The demo account is an account type that has been designed to meet the needs of newbie clients to the concept of trading. Most of these clients have little or no experience on trading and are not willing to risk their funds yet in trading. Trading in this type of account is virtual in that the conditions are real but the funds are virtual.
The Cent Account
The cent account is also designed for newbie traders or rather traders who want to stake low funds in trading. This account as the name suggests deals in cents.
- Among the features of this account include:
- Access to tan 80 trading instruments.
- Hedging and scalping are allowed.
- Instant execution of trades.
- No commissions are charged for this account.
- A swap-free account.
- No minimum deposit.
The Cent NDD Account
The cent NDD account is an account that is suitable for beginners with some slight experience and wants to trade efficiently.
Its features include:
- Access to more than 95 trading instruments.
- No requites.
- Fast execution speeds.
- The commission is charged at 10 cents per lot.
- No minimum deposit.
- Allows hedging
The Classic Account
This is an account suitable for experienced traders who can trade efficiently without any help. This account is seen as a step to being a professional trader. The following are some of its features:
- Access to over 80trading instruments.
- Allows hedging and scalping.
- No minimum deposits and commissions.
- Instant executions.
- Leverages of 1:1000.
The Classic NDD Account
An account for experienced traders which gives them access to advanced technologies to aid them in the fast execution of trades.
The following are the features of this account type.
- More than 95 trading instruments available for trading.
- Cryptocurrency trading is available.
- No requotes.
- The commission is charged at $8 per lot.
- No minimum deposits.
- Floating spreads from 0.1 pips.
The Pro STP Account
The pro STP account is an account type for professional traders and is suitable for traders with large trading volumes, traders who want to scalp as a strategy or traders with expert advisors. Its features include the following.
- Access more than 120 trading instruments.
- Commissions charged 10 units of base currency per lot.
- Very quick executions speeds.
- Floating spread from 0 pip.
- Allows hedging.
The Company. Security Of Funds
Forex4you is a very credible company that has managed to make a great name for itself courtesy of its versatile products that cater to or different clients' needs. This has made it become a global brand with a presence in most of the countries with the number of accounts being opened increasing each day. As a result, it has been forced to adapt to this changes in clients' numbers by expanding its operational languages to eleven languages.
Forex4you has invested in the most qualified personnel with experience in the forex sector who can effectively help clients in their various arising issues. This staff also helps in offering advisory services to the clients as well as ensuring their information and funds are kept safe.
Forex4you is also compliant with its licensing having received all its valid licenses from the concerned regulatory bodies in all the territories it runs its operations. Some of the licenses received include:
- A license to operate in the British Virgin Islands approved by financial services commission (FSC)
In compliance with the FSC, in relation to the storage of clients' funds, Forex4you is dedicated to the security and safety of clients’ funds. This is in a bid to uphold its integrity as a trustworthy dealer and also for good relations between t and its clients. Among the measures put across to ensure the safety of clients’ funds is:
- Capital adequacy meaning it raises its capital through other means meaning that at no moment will the firm be dependent on clients’ funds.
- Segregation of accounts that is having a separate account from the one having the clients' funds to prevent mix-ups.
- Credible liquidity providers who will step in to recover clients’ funds in case of liquidation.
- Adapting risk management strategies that will prevent an instance of the firm’s liquidation.
Trading Conditions
Minimum Lot And Step
The minimum lot and step for classic accounts stands at 0.01 and the minimum step is 0.01.
Leverages
Leverages start from 1: 1000 to 1:100.
Trading Platforms
Forex4you has invested in the best platforms ever that come with perks such as fast execution speeds, user-friendly interface and easy accessibility to its many clients. These are the platforms that Forex4you uses.
Forex4you Mobile App
The mobile application is a downloadable application that will enable you to trade anywhere so long as you have your handset with you. Its benefits are:
- Ease in accessibility.
- Compatible with a host of operating systems such as ios and android.
- Provides superb charting and drawing tools.
- Fast execution rates.
Forex4you Web Platform
The web platform is the platform that you can access with your browser either through your pc or mobile phone device. It has the same perks as the mobile app on top of being compatible with most browsers.
Forex4you Desktop
This is an installable platform for both windows and also MAC devices. It provides awesome charting tools and excellent execution speeds.
Promotions
The following are the promotions currently being offered by Forex4you.
- Trading hero contest where any member with an active account is legible to win cash prizes of up to$400 every second week.
- 100% deposit bonus on depositing.
Withdrawals And Deposits
Withdrawals and deposits are very simple and you can use the various compatible fund transfer channels that have been approved. These channels are like credit cards, wire transfer, electronic transfer, and e-wallet channels. The transactions are quick and the maximum it takes is for bank transfers which can take up to three days.
Little or no transaction fees are charged for the clients’ best experience.
BRIEFLY ABOUT Forex4you
In conclusion, this is among the best forex traders that you can come across. Its credibility is supported by the many awards it has won and also the favorable forex4you customer comments and reviews. Its many account types will give a client a range of choices of what to pick befitting him or her. A very recommendable trader to all types of traders both experienced, professionals and newbies.
Trading accounts of Forex4you
- Cent
- Classic
- Cent NDD
- Classic NDD
- Pro STP
- PAMM Classic
- PAMM Cent
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 50 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 36
CFD's1:10 Metals1:100
|
Stop Out:
| 10 % |
Minimum position size:
| 0.0001 лотов |
Maximum position size:
| 1 лотов |
Max. number of orders:
| 500 |
Execution type:
| Instant Execution |
Swap Free:
| Yes |
VIP Account:
| Yes |
Spread type:
| Fixed |
Decimal places:
| 4 characters |
Margin Call:
| 50 % |
Speed of execution:
| 1.3 sec. |
Commission:
| Not |
Interest rate:
| 7 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 500 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 36
CFD's1:10 Metals1:100
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 200 лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Fixed |
Decimal places:
| 4 characters |
Margin Call:
| 100 % |
Speed of execution:
| 1.01 sec. |
Commission:
| Not |
Interest rate:
| 12.5 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 50 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 36
CFD's1:10 Metals1:200
|
Stop Out:
| 10 % |
Minimum position size:
| 0.0001 лотов |
Maximum position size:
| 1 лотов |
Max. number of orders:
| 500 |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 50 % |
Speed of execution:
| 0.65 sec. |
Commission:
| 10 USD-cents for 1 cent lot |
Interest rate:
| 7 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:1000
Number of currency pairs: 36
CFD's1:10 Metals1:200
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 200 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 100 % |
Speed of execution:
| 0.35 sec. |
Commission:
| 8 USD for 1 lot |
Interest rate:
| 12 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro RUB - Russian Ruble |
Trading instruments:
| Forex1:200
Number of currency pairs: 39
CFD's1:10 Metals1:200
Energy sources1:200
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 200 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 100 % |
Speed of execution:
| 0.2 sec. |
Commission:
| 10 units of base currency for 1 standard lot |
Interest rate:
| 4 % per year |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| Forex1:1000
Number of currency pairs: 39
CFD's1:10 Metals1:100
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 100 лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Fixed |
Decimal places:
| 4 characters |
Margin Call:
| 50 % |
Speed of execution:
| 1.74 sec. |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 20 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| Forex1:1000
Number of currency pairs: 39
CFD's1:10 Metals1:100
|
Stop Out:
| 20 % |
Minimum position size:
| 0.0001 лотов |
Maximum position size:
| 1 лотов |
Max. number of orders:
| 100 |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Fixed |
Decimal places:
| 4 characters |
Margin Call:
| 50 % |
Speed of execution:
| 1.74 sec. |
Commission:
| Not |
Phone trading:
| Not |
Monitoring of Forex4you's Pro STP account
Forex4you spreads All spreads Forex4you
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Forex4you quotes All quotes Forex4you
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Forex4you swaps All swaps Forex4you
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | -9.9 | -9.25 | 6.6 | 1.58 | 5.85 | -3 | -2 | -13.75 |
Short | 9 | 4.58 | -13 | -4.88 | -11.38 | 0.75 | 0.15 | 6.15 |
Contacts of Forex4you
Recent customer reviews of Forex4you
Advantages: Good educational features
Disadvantages: Can’t solve withdrawal issues
Comment: I can’t suggest Forex4you to anyone because I was completely scammed; they have no human empathy at all. first they lure you into investing which I put in just over 6000, I requested a withdrawal but have yet to receive an approval. When I contact their customer service, the just paste some automated answer to me and do not resolve the problem. they Keep away and avoid trading here. Nonetheless, I'm thrilled and grateful that I found a reliable company like benarmstrong-trades. com which I’m earning from, another thing about Forex4you is the limited trading features available for traders. A lot of people are really complaining
Advantages: Minimum deposit is only $1. High leverage. Allows copy trading. Good trading conditions for novice traders.
Disadvantages: None
Comment: I've been working with this broker for almost six months, and I can say that I've never had any difficulties with withdrawal or deposit. I used to work with a few brokers in the past, and they didn't provide me with the same experience, so I'm glad that I won't have to look for the best broker and check a ton of reviews anymore. Even if you're just a beginner, it won't be a problem for you to start trading with this company.
Advantages: Low transaction costs, easy to match orders
Disadvantages: They require clients to comply with anti-money laundering and anti-terrorism financing laws.
Comment: n general, the trading conditions for retail investors are quite good compared to other brokers. I am quite satisfied when my account is profitable and easy to withdraw.
Forex4you news & press-releases
All news Forex4youWe are happy to announce the launch of our most efficient and easy-to-use Forex4you platfirm for trading on Forex market! Forex4you trading platform will be available in two different options: Standard desktop application – ...
Read moreDear clients, Today we are launching trading cryptocurrency on real accounts for our clients. Now every Forex4you client will be able to trade on world most popular cryptocurrency – Bitcoins. Cryptocurrency trading is avai ...
Read moreGreat news everyone! We have released new and modern website for our Partners! To develop new partner website we hired skilled professionals in the WEB design and now we are happy to introduce convenient and functional web ...
Read moreForex4you webinars and seminars
Hosted by Yew Chong Lee, Forex4you is happy to present a webinar about social trading. Even with your little information about tra ...
participateForex4you bonuses, contests and promotions
All bonuses, promotions, contests Forex4you
Be the best trader in Forex4you’s exciting Trading Hero Contest! Put your trading skills to test and stand a chance to win up to $400 cash priz ...
participate
Forex4You’s deposit bonus is back and it’s bigger than ever! Avail up to 100% worth of deposit bonus to boost your trading funds an ...
participate
Are you looking for an exciting way to level up your trading? Then join Forex4you’s Trading Hero contest! Every month, Forex4you holds a contes ...
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