|Regulation||FSC-Financial Services Commission|
|Address||First Floor, Mandar House, Johnson's Ghut, PO Box 3257 Road Town, Tortola, British Virgin Island|
|CS Phone||44 207 193 9932|
|Languages||English, Russian,Hindi, Malay,Vietnamese, Thai,Mandarin/Cantonese|
|Trading Platforms||MetaTrader4, Web Trader|
|Trading Platform Timezone||N/A|
|Web based trading||Yes|
|Other Trading Instrument||Cryptocurrency|
|Maximal Leverage||1 is to 1000|
FOREX4YOU REVIEW CONTENT:
- REGULATION AND TRADERS’ PROTECTION
- FOREX4YOU TRADABLE PRODUCTS & ACCOUNTS
- Cent Account
- Classic Account
- Classic NDD (Non-Dealing Desk) Account
- Cents NDD (Non-Dealing Desk) Account
- Pro STP
- Demo Account
- FOREX4YOU NOTABLE FEATURE/S: SHARE4YOU, CENT ACCOUNT
- WITHDRAWAL METHODS AND DEPOSIT
- TRADING PLATFORMS: MT4, PROPRIETARY PLATFORM, MOBILE APP
- FOREX4YOU TRADER EDUCATION AND RESEARCH
- CUSTOMER SUPPORT
- FOREX4YOU REVIEW SUMMARY: What do we think?
BROKER REVIEW: FOREX4YOU
Forex4you is an online Forex/CFD broker that was established in 2007. The Forex4you brand has been owned and operated by E-Global Trade and Finance Ltd from conception till today.
Forex4you already has a sizable brokering history after only more than a decade in the business. It has been specializing in online trading service through and through. You’ll see that this broker has achieved several milestones in that period. Forex4you provides both Dealing Desk and No Dealing Desk models.
Click on its website, check the About Us page, and in there, you’ll have a quick trip down its history. Rightfully so, Forex 4you takes pride in establishing advanced services to its clients. One of these advancements is the launch of Share4You, its social trading platform.
Another great thing about Forex4you is its Cent Account, which lets you trade in cents. Take note of that: cents. It’s the first of its kind, and many traders dig it. Its execution time doesn’t also lag compared with other types of accounts.
Slowly but surely, this broker expanded and grew to be among the most in-demand trading service provider. You wouldn’t feel surprised, however, if you check its features. Let’s dig in this Forex4you review, and into each of these notable features.
REGULATION AND TRADERS’ PROTECTION
The company is presently based in the British Virgin Islands (BVI) and is authorized as a Forex and CFD broker by the BVI Financial Services Commission (FSC) with the license SIBA/L/12/1027. Regulation is, therefore, one of the steps implemented for investor protection. Additional investor protection comes from periodic audits of the company’s accounts.
Traders’ funds’ segregation is yet another measure of investor protection applied by Forex4you. Though there isn’t much information about what banks these funds, it is believed that these funds are held in a variety of banks, all separate from the banks that hold the company’s operational funds.
FOREX4YOU TRADABLE PRODUCTS & ACCOUNTS
With Forex4you you have the opportunity to trade more than 150 assets like Indices, Commodities, Currencies, Stocks, and Cryptocurrencies.
Furthermore, Forex4you offers five account types, and each has reflected trade conditions that fit different types of traders. Here is the list of all the accounts:
The report offers users with leverage of 1:10 to 1:1,000 and a USD 0 minimum deposit. The maximum contract size is one lot (USD 1,000). The minimum trade volume is 0.01 lots.
Similarly, Classic account has the same features as the Cent Account, however one lot as equivalent to USD 100,000. The execution time is 1.18 seconds.
Classic NDD (Non-Dealing Desk) Account
This type of account offers a value of 1 lot is USD 100,000, and commissions are charged at USD 8 per Lot. The faster execution time of 0.59 seconds. Spreads start from 0.1 pips.
Cents NDD (Non-Dealing Desk) Account
The execution time is 0.73 seconds. Commissions are paid for trades: USD 10 per Standard Lot.
STP account, on the other hand, is for professional traders, and it offers ECN-style conditions. The value of 1 lot is USD 100,000, and maximum leverage here is pegged at 1:200. Commissions are charged at USD 10 per lot, and the spreads are floating, starting from 0 pips.
The broker also offers, as any adequate brokerage, a demo account, which permits beginner traders to test new strategies and trading techniques. Account opening is easy, as there is an Open Account button found on the homepage of the website. Click it, and that’s it! Afterward, you’ll have to fill in a secure online form and fill in the info on your name, address, net worth, trading experiences, etc.
FOREX4YOU NOTABLE FEATURE/S: SHARE4YOU, CENT ACCOUNT
Social trading doesn’t only let you copy a successful strategy. It also enables you to see through another trader’s eyes and understand how he or she makes trading decisions. Forex4you’s social trading platform, so-called Share4You, lets you do this. You also get advanced tech tools at your disposal.
Furthermore, on the website, you can view who’s doing great and who’s going through a bumpy ride. Along with their trades’ win percentage, you can see their recommendations. If you think the strategy fits your personality and goals, you can copy it.
Now, for the Cent Account, it’s basically what you think it is. This type of account lets you trade in Cents rather than in whole dollars. That might sound a little weird at first, or too cheap. But it’s a great way to kick off a trading career.
Think of Cent Accounts as your cheap test drive into the highways and byways of the trading world. You can also test an Expert Advisor through it, or exercise micro-lot trading.
Furthermore, if you want others to copy your strategy on your Cent Account, you can mark it as a Share4You leader account. You can receive commissions of up to USD 8 for every lot that your followers copy.
WITHDRAWAL METHODS AND DEPOSIT
Forex4you presents deposit and withdrawal options for every single trader. Overall, nearly all withdrawals and are made using personalized accounts and payment systems.
In addition, here are the all payment options on Forex4you:
Credit or Debit Card: Cards issued by VISA and MasterCard are the only cards permitted for use on Forex4you.
E-payment methods: The e-payment methods include Web money, Neteller, and Skrill. Additionally, Skrill and Neteller grant usage other lesser e-payment methods that are country-specific.
Online banking methods are country-specific. Verata Bank, CIMB Bank, BCA have been created explicitly for Indonesian clients. Transactions are instant.
Notably, there have not been any issues or reports of funds lost in transit or missing.
TRADING PLATFORMS: MT4, PROPRIETARY PLATFORM, MOBILE APP
Forex4you provides traders with the MT4, web, and desktop versions, as well as the proprietary platform from Forex4you. It is possible to trade forex and CFDs with MetaTrader on various asset categories. On the other hand, Forex4you offers the MT4 platform as a WebTrader, desktop application for Windows PC, Mac OS, and as a mobile app.
Traders will be able to choose from a variety of tools, as found on the MT4: Gann tools, indicators, channels, Fibonacci-based tools, line tools, etc.
The Forex4you Web Trader is a web-based platform, designed by the in-house software team of Forex4you. Besides, this software also has a desktop version for Mac and Windows. It offers a unique trading interface for its clients, which includes:
- Interactive chart for price visualization.
- Candlestick, line, and bar charts.
- Summary of open and closed orders, as well as pending orders.
- Liquidity pool and asset listing.
- Order window on the top right corner of the interface.
- Various tools, indicators, and a tick chart.
FOREX4YOU TRADER EDUCATION AND RESEARCH
Forex4you offers profound and information educational material. The broker company also has very comprehensive webinars that have a schedule that displays upcoming lessons. Besides, Forex4you have also seminars that are operated through its various partners.
The broker company tries to provide market news and technical analysis through the Analytics section on the Forex4you website. Trading analysis on Forex4you comes from Trading Central, which has collaborated with the brokerage and is also a third-party service. The report covers the six major currency pairs: USD/CHF, USD/JPY, EUR/USD, GBP/USD, USD/CAD, and AUD/USD. The news section comes from the Dow Jones newswires service and streams more the 200 market news releases to the clients of Forex4you either via the MT4 platform or via the Analytics section of the Trader Room.
Customer support on Forex4you is available on a 24/5 basis. In detail, the customer support desk is reachable, has country-specific phone numbers, online calling system, and live chat. Also, languages supported include English, Russian, Hindi, Cantonese, Vietnamese, Malay, Mandarin, and Thai.
- Live Chat: This is available using various buttons on every page of the website. It takes less than 10 seconds to get a response from the customer support staff.
- Email: firstname.lastname@example.org, email@example.com, and firstname.lastname@example.org.
- Phone Number: +44 207 193 9932
- Online call via a web app.
- Online ticket submission in the Trader Room.
- Social Media: Facebook.com/forex4you and Instagram.com/forex4you_share4you.
FOREX4YOU REVIEW SUMMARY: What do we think?
Forex4you is another of those brokers that use technology to their advantage. This is not surprising since it started its journey in the brokering world at a time when tech is booming.
In fact, it’s a whole new experience for traders who have used other more conventional means to trade. With the advent of more natural and better trading methods, you surely need a broker that can ride the wave and help you use it to your advantage.
For newer traders, Forex4you undoubtedly makes the learning curve less steep. So, if you’re a newbie, you won’t feel like you’re treading unfamiliar lands. Because of the social trading feature, you don’t feel like you’re all by yourself. Cent trading makes it cheaper than ever.
Overall, Forex4you succeeds in encouraging traders to take their shot at trading through cheap and easy trading schemes. To conclude, this broker is what you need if you want low-risk and comfortable trading conditions.
So, thank you for taking the time and reading our Forex4you review. We hope it was helpful!
They did not approve my withdrawal request. I am very frustrated.
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Bad trading services. Do not deal with them.
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I am now facing so much trouble because of their trading schemes. Avoid these people.
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