Forex4you mobile trading app offers a convenient solution to open and close trades whenever and wherever you are. Is it really worth using? Find out all about it in this article.
A mobile trading app offers quick access to various financial markets, providing charts and price changes in real time so that you won't miss a single pip. With only a few taps and swipes on your smartphones or tablets, you are empowered to trade diverse instruments, such as forex, stocks, commodities, and more.
If you are interested, you might want to start with Forex4you mobile app. According to our independent research, it seems that there isn't much buzz going on about this application yet. However, it is worth considering that Forex4you is a leading broker that offers high-quality trading conditions.
In fact, it is one of your best options for combining reliability, adaptability, advanced technology, and favorable features for traders.
Forex4you mobile trading app claims to provide many useful features to manage your account better and trade anywhere. It is simple to use and suitable for both beginners and professionals. You can open and close orders, modify your account setup, utilize various trading tools, and more.
The app is available for free on all major operating systems, including Android and iOS. It is never a problem what type of device you own because the app is always present. On Google Play Store, the application has been downloaded over 100k times, whereas in the App Store, the app has quite a high rating of 4.7 given by 21 users.
Forex4you Mobile App Specifications
- Available on: Android and iOS
- Device Compatibility: Android 5.0 or later, iOS 15.0 or later
- Trading Instruments: Forex, Stocks, Commodities, Indices, Cryptocurrencies
- Account Types: All MT4 accounts
- Time Frames: 1M, 5M, 10M, 15M, 30M, 1H, 4H, 1D, 1W
- Chart Types: Candle bar, Colored bar, Line, Hollowed Candle, Mountain, Baseline, Heikin Ashi
- Languages: English, Bengali, Hindi, Indonesian, Malay, Russian, Simplified Chinese, Spanish, Thai, Vietnamese
What Does Forex4you App Look Like?
The app itself has a simple trading interface with a minimalistic design. The dominant color is white with small accents of bright green, which makes a great combination of color palettes. There is also a dark mode that you can activate for higher convenience. Navigating is very easy to do even if it's your first time using the app.
According to user reviews on Forex4you, it seems that there is no problem with the downloading process. It is worth mentioning that the app size on iOS is 186.4 MB, which is quite large in general. The app might take up some storage in your device so free up some space before downloading.
If you trade with the Forex4you mobile app, you can benefit from most of the features with ease. Find everything you need on the front homepage. This app is always accessible as long as you have internet connected to your device.
Providing services since 2007, Forex4you is mostly out of the spotlight even though their trading conditions can be regarded as one of the most flexible among other forex brokerages. Setting headquarters in the British Virgin Islands, this broker is currently under the regulation of local financial regulatory called the BVI Financial Services Commission (BVIFSC).
After opening an account with Forex4you, traders can choose leverage as high as 1:1000, thanks to the relatively loose policy from BVIFSC. Forex4you divide their account types by execution. Between the 4 accounts available, two adopt instant execution (Cent & Classic) while the remaining two call for market execution (Cent NDD & Pro STP). For traders choosing accounts with instant execution, there will be no trading commissions charged, but the spread is a bit high as it settles on 2 pips range (at the minimum). On the other hand, account types with market execution can give a floating spread from 0.1 pip despite charging a commission starting from $8 per lot.
Forex4you provides no Swap-Free feature, so this broker is not Sharia-compliant. Still, it is quite interesting to note that this broker provides an alternative on platform trading, so traders can try to trade on another platform with a new interface should they feel restricted by MetaTrader4 limits. The said platform is uniquely Forex4you's trading technology, which is available on WebTrader and Mobile App.
Forex4you also highlights their own Social Trading platform hailed as Share4you, which allows all traders to play as either Leaders or Followers. Both sides have mutual advantages, as Leaders are granted additional fees from their Followers while the Followers can copy trades which makes their transactions a lot easier and reliable as the signals come from more experienced traders.
Beyond their innovations on trading platforms as well as Social Trading facilities, Forex4you is quite transparent on their forex pairs' liquidity providers. However, they don't have a certain page dedicated to their Contract Specifications for other class assets.
Payment methods in Forex4you are quite limited, only available in Bank Transfer, Neteller, Skrill, WebMoney, and Credit Cards (Visa and Master Cards). This broker claims to have more than a million accounts all over the world, so it is believed that Forex4you is one of those forex brokers who perform steadily even if their popularity doesn't soar extremely high because of intense marketing schemes.
What makes trading in Forex4you stands out from is the remaining Cent Account which allows traders to trade with a contract size as low as 1000 units per lot. The ultra-small trading volume has been infamous for traders who want to trade in a real account with very minimal risk. However, the numbers of broker offering Cent features are gradually lessening as retail traders seem to keen on taking more risks. Yet, Forex4you maintains their Cent Account offering, not only in one type but in two types of execution so beginners can make their own choice on spread over commission or otherwise.
All in all, Forex4you is one of the preferred choices for a forex broker if you look for flexibility in trading conditions and an advanced platform in Social Trading. Also, the remaining Cent Account offers an interesting option even for experienced traders who look for spare accounts to try out new strategies. Nevertheless, it is not highly recommended for trading with big money as the company is registered in an offshore jurisdiction. Forex4you also tends to fly under the radar as the broker rarely generates buzz in the brokerage industry.
Forex4you Application Features
Forex4you offers all kinds of trading features that can be utilized to your advantage. Ranging from fundamental features like opening and closing orders to more advanced initiatives such as financial news, customized charts, and so on.
1. Trading Instruments
There are no less than 160 trading instruments available on the broker's site as well as the app. In general, these instruments are classified into several broad groups: forex, commodities, indices, and stocks.
Forex trading has never been easier with Forex4you mobile app. There are over 50 currency pairs available on the app spanning major, minor, and exotic pairs. Tight floating spreads from 0.1 pips on certain accounts, while zero commission accounts offer fixed spreads from 2 pips.
Some of the most popular commodities are available, covering metals and energies. Some of the traders' favorites are gold, silver, WTI, and Brent crude oil. As for indices, the FX broker offers 14 different choices including S&P 100 and FTSE 100.
Lastly, there are more than 50 primary company shares to choose from. Overall, the app offers a very diverse range of instruments, allowing you to trade in various markets whenever you want.
2. Various Account Types
There are six account types on the app to cater to the needs of different trader types. You can switch between multiple accounts seamlessly with the app. A single user can open a maximum limit of 12 accounts per type and 50 in total. The available account types are as follows:
- Demo – practice forex trading in a safe, risk-free environment for free. Test your strategy and get your hands on the full features of the platform using virtual money provided for all clients.
- Cent Fixed, Cent Pro – comes with low spreads and commissions suitable for those who decided to give forex trading a try.
- Classic Standard, Classic Fixed – offers standard pricing and favorable conditions for any type of retail trader.
- Classic Pro – specifically designed for advanced traders with a background in finance who wish to trade in large sizes. Enjoy some of the most competitive commissions in the industry.
3. Account Setup and Verification
Other than choosing the account type, the Forex4you app also provides the registration service right from the comfort of your smartphone. Create a new account or log in to existing ones, then access the full feature immediately. The verification process is also available.
To verify your account, you will be asked to provide the following documentation:
- Proof of Identity: international passport, digital national ID, voter card, or driving license
- Proof of Address: bank statement, national ID, utility bill, voter card, or driving license
There is an option to log in using face ID detection, but some users have faced an issue with this feature where they had to enter credentials every time they open the app, even with the "remember me" option already activated. If you have a similar issue, try to reinstall the app and make sure you use the latest version.
4. Diverse Trading Functionality
Similar to the web version, the app also allows traders to get convenient access to a variety of trading features. This includes advanced and personalized charting tools. Make a list of your favorite charts to make better-informed decisions.
Opening trades in this app is very effortless. Create pending orders using all of your available accounts. Simply select the asset, open trades, set stop loss, and take profit from a single page! Don't forget to check the economic calendar for upcoming key events and find opportunities to get the highest profits.
5. Market Insights
The app offers several resources and materials to make your trades successful. You can read financial news to find out what are the hottest headlines in the financial world. Use the information to form a reliable strategy, complete with calculated risks and potential profits.
View detailed statements and order reports by trustworthy authors. Discover what works and what doesn't for you by learning every day. Don't waste any opportunity to learn new things and eventually, you will reach the top.
6. Deposits and Withdrawals
Users can now fund accounts and make withdrawals from anywhere using their smartphones. Use a method of your choice such as bank transfer, e-wallets, or credit cards. Straight out of the bat, e-wallets offer instant deposits and withdrawals of less than a few hours. Bank transfer may take longer to process, but the safety is guaranteed.
To start trading, there is no minimum deposit that must be fulfilled. Just keep in mind that there is a minimum transaction size of 0.1 lots. The broker does not charge deposit fees, but there are withdrawal fees of 0.8-2.5% depending on the payment provider.
Is Forex4you Mobile App Worth to Use?
Overall, Forex4you mobile app provides everything a trader needs to enter and exit financial markets comfortably, anywhere and at any time. The interface is simple and easy to navigate so users can easily use the app when they're on the go.
The multifunctionality of the app is a defining feature that every trader could benefit from, regardless of trading experience. Most features on the app are also available on the site so you can switch between the two easily depending on your needs. You can create orders, set risk management tools, use advanced charting tools, and gain new insights from the latest news using any platform that is most convenient for you.
Forex4you is a forex and CFD broker with more than 15 years of experience in the industry. The company seeks to contribute to the global change in the online trading industry — bringing more transparency and making trading truly accessible to all with instant and market execution, multiple trading platforms, free market analytics, as well as multiple account types.