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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.
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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.
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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.
5 Comments
Lyra
Nov 20 2023
Omg I've been trading with Forex4you since 2020 but how come I never heard about their trading app?? This is so exciting. I can confirm that the broker is affordable and completely reliable so you don't need to worry about trading with them. My question is whether the trading app offers notification for its users. I think the purpose of mobile trading is to make trading more accessible for all traders and allow them to grab market opportunities at any time. Will I get notified if let's say my trade is in the red or if the market is in my favor?
Stefan
Nov 22 2023
Great question actually. Notification is indeed an important feature of a mobile app, especially if you're an active day trader. Well, in Forex4you app, you can get notifications via in-app notification bar, email, or SMS. For the in-app notification, you can only get notification for messages. For email, you can get notified for several things including news and service announcements, trading analytics, promotions, educational materials, trading schedule, and document updates. Meanwhile, for SMS, you can get notifications on deposits and withdrawals, and confirmation codes. This one requires you to verify your phone number first though.
Una
Nov 21 2023
I've always been intrigued by the idea of mobile trading because it sounds pretty simple. However, I don't know which app to use because they all seem promising to me especially the ones developed by well-known brokers like Forex4You. Is this app in particular suitable for beginners? Perhaps they offer educational contents like basic forex articles, live webinars, or something. I think that would be great because then you'd be able to study while commuting and stuff. Also, I want to know more about the app's security system. Is it safe to download? Does it have 2FA system to login?
Kiranaa
Nov 23 2023
I totally agree with you! Allowing traders to learn using their mobile phones is certainly a brilliant idea. I've been using Forex4you's app for a while and I've been looking the exact feature. So far, their strength lies in the market insights. You can gain a lot of insights from their economic calendars and trading ideas. You can incorporate them into your strategy to take opportunities on the markets. However, I wouldn't say such features are suitable for complete beginners because you need to work with the data first in order to gain profits. So they don't necessarily "teach" you how to do it.
In my opinion, this app is smooth and suitable for beginners, but only to some extent. The interface is very user-friendly, so it's easy to navigate. Opening trades are very simple and fast too. However, you'll still need to go to the broker's website to find educational articles and videos.
Also did you know that if you want to make suggestions to the broker, there's a Suggest Improvement feature that you can use from the menu? You can use screen recording, take a screenshot, or attach files from your gallery. Hopefully the educational feature will be added in the near future.
Fikri
Nov 27 2023
In terms of security, I think the app is pretty safe. At the start, you'll need to log in using your email and password. If you tick the "remember me" button, the system will warn you that such action might be risky because your data will be saved on that device. So if it's not your own device, don't tick the box. Aside from that, you can also set up a passcode or PIN to protect your account on top of the password. This also will make the sign in process even faster and more secure.