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Forex4you offers a free access to AutoChartist for all verified clients. Read this tutorial to find out everything about it.
Forex4you is one of the leading brokerage firms in the market. Started off in 2007, the company's mission is to provide the best trading service in terms of "low investment requirements and quality" for retail traders.
One of the notable benefits that you can get from Forex4you is free access to Autochartist. This incredible tool is able to offer reliable trading signals as well as other useful features that can help you improve your trade results significantly.
Normally, brokers would require traders to do certain tasks in exchange for premium trading tools or services, like making deposits or fulfilling certain trading milestones. However, this is not the case here.
Quite the contrary, getting access to Autochartist on Forex4you is actually really easy and requires no money. All you need to do is sign up with the broker, create a verified account, and download the Autochartist plugin for your MT4 trading platform. There is no need to pay any monthly fee or fulfill trading requirements to get full-time access. Here's the complete tutorial.
Contents
How to Get Autochartist on Forex4you
Forex4you offers access to Autochartist tools completely free of charge for all verified clients. The idea is to give clients the opportunity to improve their trades with powerful trading signals.
In Forex4you, Autochartist is available on both the desktop and the mobile version of MetaTrader 4 as an additional indicator. You can easily install the Autochartist plugin from your Trader's Room after you completed the registration and verification process. In order to do so, here are the steps that you should follow:
1. Visit Forex4you's official website and click "Open Account" to create a new live trading account.
2. Enter your personal information such as full name, email address, mobile number, country of residence, etc. You can also enter a referral code if you have one. Once you're done, click "Confirm & Continue".
3. Check your email inbox to verify your email address. If you can't find the verification email, check the "Spam" box.
4. You can now log in using your account credentials (phone number or email address and password) and enter your Trader's Room.
5. The next step is to verify your account. Normally, you'll get a pop-up reminder on the top of the screen, but if you don't see one, you simply need to click on your profile name and select "Verification". You will be asked to upload a copy of several required documents.
6. Wait for the broker's approval. Keep in mind that this process can take some time depending on the broker. You will be informed once the process is completed or you can check the status on your profile.
7. Once your Forex4you account is fully verified, open your Trader's Room and go to the Analytics section by clicking the "Trading Signals" button on the sub-menu.
8. Click on the tab "Free Autochartist MT4 Plugin" and apply it to your MT4 trading platform.
In short, all you need to do is create a live account and complete the verification process. Then you can install the Autochartist plugin on your MT4 platform and access all the features for free.
To further ensure its reliability and clients' satisfaction, the Autochartist software is constantly updated so that it's able to provide the most up-to-date information on the market.
If you have any questions or issues, the company offers an excellent customer support service that can be reached through phone or email 24 hours a day, so you can get fast assistance whenever you need it.
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.
Free Autochartist Benefits on Forex4you
Autochartist Limited (Ltd.) is a company that provides technological solutions for traders based on financial data. The tool basically provides trading signals and is able to detect at least 1000 actionable trading opportunities per month in real time. Aside from that, it works as a market scanner whose purpose is to point out important market movements and identifies basic price levels.
When it comes to accuracy, Autochartist is considered pretty consistent. According to recent studies, the accuracy of Autochartist signals is between 63% and 82%. This means, out of every 100 trades made using these signals, then at least 63 of them would be profitable. Thus, it's a perfect solution for practically all kinds of traders who wish to improve their trades with signals.
By applying Autochartist signals from Forex4you and Autochartist, you can access these benefits for free:
- Chart Patterns: Get insights on how chart patterns are supposed to look and how you can identify these patterns on the chart.
- Fibonacci Patterns: Automatically identify Fibonacci patterns on the chart to get clear visuals of the Fibonacci levels at which support and resistance are expected based on the golden ratio theory. Not only that,
- Key Levels: This refers to the horizontal lines of support and resistance to fit your decisions linearly so you can buy/sell proportionally. Apart from that, key levels are also important to set reversal or breakout points.
- Emerging Patterns: Autochartist is able to determine patterns that are still forming. It has a recognition system that's able to find patterns instantly when the price touches the last point of resistance and support levels that are required to complete the shape of a pattern.
The Bottom Line
All in all, Autochartist on Forex4you is a must-try feature that can easily be accessed after completing the verification process. Available on both the desktop and the mobile version of MT4, the software offers more flexibility to access all the features whenever you want. Just simply install the plugin and receive regular signals to improve your performance in no time.
Just keep in mind that Autochartist only provides signals and not trading recommendations. The broker has no responsibility for the inaccuracies or incompleteness of the data provided by Autochartist, so please be mindful when incorporating the signals into your strategy. Make sure to consider the risks and confirm the validity of the signal before using it in live markets.
FAQ on Forex4you's Autochartist
- What are the pros of Autochartist?
It provides reliable trading signals suitable for any trading strategy, is completely free of charge for all verified clients, is able to recognize patterns easily on the chart, can be used in MetaTrader 4 (desktop and mobile), and can be used to trade in all financial markets supported.
- Is there any drawback to Autochartist?Yes, there is. Beginners may depend on Autochartist signals for technical analysis.
- Is Forex4you a safe broker?
Yes, Forex4you is a trusted brokerage firm with over 15 years of experience in the industry. The company has facilitated more than 1 billion executed transactions from 1.4 million opened trading accounts. It is a fully regulated broker that operates under the watch of the authority in the British Virgin Islands under the license BVI FSC (license number: SIBA/L/12/1027). On top of that, the company also has multiple security measures such as using a segregated account to keep clients' funds, offering Negative Balance Protection, and providing support in controversial matters involving an independent judge. - Can I try Autochartist features on a Demo account?
Unfortunately, no. You'll need to open a live trading account and complete the verification process in order to access Autochartist for free.
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.
15 Comments
Madeline
May 19 2023
As a beginner, I can say that Autochartist is indeed highly useful when it comes to providing trading signals. I've been using their service in the past few months and most of the signals were great! It's definitely suitable for traders with busy schedules (like me) or those who want to save research time. Obviously, you still need to check the accuracy of each signal by looking for confirmation signals, but overall, using Autochartist was one of the best decisions I've made in trading.
But that aside, I'm very interested in Forex4you. My current broker is pretty expensive for my standard, so I'm looking for new options with lower spreads and commissions. How much is the trading cost in Forex4you?
Bobby H.
May 19 2023
Hey, I'm glad you're satisfied with AutoChartist. It's also one of my favorite technical tools to use these days. Now, regarding your question. As far as I know, Forex4you offers pretty good trading conditions. For the Cent Account, the spread starts from $0.2 and for the Classic Account, the spread starts from $20. Spreads can be fixed or floating depending on the account type. The minimum deposit is very low though, only $1. And the maximum leverage is 1:1000 which is pretty high I must say.
Chacha
May 20 2023
Hi, I just wanted to add that Forex4you also offers two bonus programs: the 100% deposit bonus and the 50% cashback program. The former basically rewards traders for making deposits, offering an opportunity to double the capital and earn more. The best part is that the bonus amount is unlimited, so you can deposit as much as you want and it will be instantly doubled. You can have a maximum of 5 deposit bonus activated at one time.
Meanwhile, the cashback program offers 50% from your paid spreads and commissions. Just simply trade as usual and earn cash backs! You can get up to $10 cash back per lot on EUR/USD trades. However, you won't be eligible for the bonus if you have other active credit bonuses on your current account.
Douglas
May 19 2023
I've always wanted to try Autochartist myself because I've heard so many good things about it lately. I'm relatively new around here, so I still don't know much about brokers in the market. Can you guys recommend me reliable brokers that offer Autochartist, or is Forex4you really is the best one out of them all? To be completely honest, I'm not sure what to look for in a broker, so it's difficult to choose. My friend told me that my broker choice may affect my trading outcome, so it's very important. Help me out please.
Bonny
May 20 2023
You know what? Your friend was totally right. Choosing a broker is one of the most crucial steps in trading, so you need to pick wisely. Right of the bat, I think Forex4you is a great choice to trade with Autochartist. Why? First of all, it offers MT4, which is arguably the standard platform for beginners. Second of all, the broker is regulated. This is important to ensure their reliability and transparency. Lastly, Forex4you offers Autochartist for free.
As the author mentioned, you simply need to register and complete the verification process to get access to Autochartist. Not only that, they also offer two other useful tools, namely the dow jones news and Trading Central. So regardless of your trading style, the broker is great.
Johnson
May 20 2023
For beginners who are interested in using Autochartist, a feature available in platforms like Forex4you, there might be some initial concerns about its advanced nature. However, Autochartist can be a valuable tool once you understand how to utilize it effectively. With that in mind, how can beginners make the most out of Autochartist's features? Specifically, could you provide guidance on how to interpret and apply the signals it provides? For example, understanding chart patterns and identifying them on the actual chart, recognizing Fibonacci patterns and their corresponding support and resistance levels based on the golden ratio theory, utilizing key levels for decision-making, and leveraging Autochartist's ability to identify emerging patterns that are still forming.
Benny
Jun 18 2023
@Johnson: No worries, mate! When it comes to Autochartist, beginners might have some initial concerns about its advanced features, but once you get the hang of it, it can be a ripper tool! To make the most out of Autochartist's features, it's all about understanding and applying the signals it provides. Learn about different chart patterns like triangles and head and shoulders, and use Autochartist to spot 'em on your charts. It's also a bonza tool for identifying Fibonacci patterns and their corresponding support and resistance levels based on the golden ratio theory. Keep an eye out for key levels like support and resistance, trendlines, and breakouts that Autochartist highlights. And don't forget to be on the lookout for emerging patterns that are still forming - they can give you a fair dinkum early entry signal. So, mate, get to know these features, use Autochartist's alerts, and combine it with your technical analysis skills to make some top-notch trading decisions!
Messi
Jun 23 2023
Just little bit tickle about Forex4You. It said in the article, they are really regulated with BVI regulator, however I am more interested in segregated account things that talked in the article. So, I want to ask, how does a segregated account work in the context of Forex trading? Can you explain the purpose and benefits of using a segregated account to keep clients' funds? In what ways does a segregated account enhance the security and protection of clients' funds? Additionally, what other security measures does Forex4you employ to ensure the safety of clients' funds, such as Negative Balance Protection and support in controversial matters?
Antonio
Jun 27 2023
@Messi: Let me break down to you!
In Forex trading, a segregated account is a separate bank account where Forex4you, a regulated broker, keeps clients' funds separate from its own funds. The purpose is to protect clients' money and provide distinct ownership. It enhances security and protection in the following ways:
Benefits: A segregated account prevents the mixing of clients' funds with the broker's operational funds. It reduces the risk of misappropriation or misuse of funds. In case of the broker's insolvency, clients' funds are ring-fenced and can be returned more easily.
Security Measures: Forex4you employs additional security measures. Negative Balance Protection ensures clients can't lose more than their deposits, preventing them from owing the broker. In controversial matters, they offer support for dispute resolutions and complaints, ensuring fair outcomes.
These measures enhance the safety of clients' funds by creating a legal and operational separation. Even if the broker faces financial difficulties, clients' funds remain protected. Segregated accounts, along with other security measures, contribute to trust, peace of mind, and the overall safeguarding of clients' assets in Forex trading with Forex4you.
Rashford
Jun 30 2023
Is it true that brokers receive payments from Autochartist for providing their services? In the FAQ section of Forex4you's Autochartist, it is mentioned that the tool is completely free of charge for all verified clients and offers reliable trading signals suitable for any trading strategy. However, I'm curious to know if there is any financial arrangement between brokers like Forex4you and Autochartist.
Additionally, it is highlighted that Autochartist can recognize patterns easily on the chart and is compatible with MetaTrader 4 (desktop and mobile), allowing traders to utilize it across various financial markets. Considering these features and the fact that the tool is offered for free, I'm interested to learn how brokers benefit from providing Autochartist to their clients. Do brokers receive compensation or any form of payment from Autochartist for making this tool available to their traders? Understanding the potential financial arrangements between brokers and Autochartist will help me evaluate the value and reliability of the service.
Brandon
Jul 22 2023
As a beginner trader considering using Autochartist, I'd like to be well-informed about its potential drawbacks. What are the possible disadvantages or challenges that beginners may face when relying on Autochartist's signals and features? Are there any risks associated with blindly following the signals without understanding the underlying market analysis? Additionally, could Autochartist's automation and convenience hinder a beginner's learning and understanding of technical analysis? I want to make sure I fully understand the pros and cons before incorporating Autochartist into my trading strategy since the article also stated about the disadvantage of Autochartist for beginners. Any insights or advice on how to use it effectively as a beginner would be greatly appreciated. Thank you!
Nanbi
Jul 24 2023
Sure, happy to help! While Autochartist can be a powerful tool for traders, including beginners, there are some potential disadvantages to be aware of. One of the main risks is the temptation to blindly follow the signals without understanding the underlying market analysis. It's essential for beginners to remember that trading involves risks, and relying solely on automated signals may not always lead to successful trades. Additionally, the convenience of using Autochartist's signals may hinder a beginner's learning and understanding of technical analysis, which is a crucial skill for long-term trading success. To use Autochartist effectively, beginners should combine it with their own analysis, gain knowledge of the market, and use risk management strategies. Learning from each trade, whether it's a win or a loss, is vital to becoming a well-rounded trader. Taking a cautious and educated approach to using Autochartist can help beginners navigate its potential disadvantages and improve their overall trading skills. Happy trading and remember to keep learning and growing in your trading journey!
Charlie
Jul 22 2023
Hey there! I'm interested in Autochartist and would like to verify some information. So, let's talk about how free access to Autochartist on Forex4you can potentially improve my trading results. Considering Forex4you's mission to provide a top-notch trading service with a focus on low investment requirements and quality, how does Autochartist play a role in achieving this goal? Could you tell me more about the reliable trading signals and other useful features of Autochartist that can significantly boost my trade outcomes if I use it? Additionally, I'd like to explore how Forex4you's approach to providing Autochartist without any financial commitment differs from other brokers who often require traders to perform specific tasks or make deposits for accessing premium trading tools! Thank you!
Roger
Jul 23 2023
Absolutely! I want to tell you about the Autochartist on Forex4you with simple terms! So, having free access to Autochartist on Forex4you can really give your trading game a boost. It provides valuable insights and reliable trading signals, helping you spot potential trade opportunities and patterns in the market, which ultimately improves your decision-making. With Autochartist, you'll stay updated on market movements, identify key levels, and manage risks more effectively, enhancing your overall trading performance. Plus, the great thing is that you get access to other useful features too, like pattern recognition, volatility analysis, and risk calculators. The best part is that Forex4you offers Autochartist for free, without any financial commitments, which is way different from other brokers who often make you do certain tasks or pay extra fees for similar tools. So, with Autochartist on your side, you can focus on trading strategies and goals without any barriers. Happy trading, and let me know if you have any more questions!
Nicholas
Jul 24 2023
I think it is very worth it to try Autochartist especially if it is free! Autochartist is like your best buddy in the trading world! For technical users, it's a total game-changer. It's like having a super-smart trading assistant that helps you spot potential trading opportunities effortlessly. You know those cool patterns that can give you a heads-up on market movements? Autochartist is a pro at recognizing them! It'll show you chart patterns, Fibonacci patterns, and even key support and resistance levels.
Oh, and that's not all! Autochartist gives you reliable trading signals too. It's like having a personal trading guru whispering in your ear, "Hey, this looks like a great trade setup!" So, you don't need to spend hours analyzing the charts yourself. Autochartist does the heavy lifting for you!
And guess what? It's user-friendly too! You don't have to be a trading wizard to use it. Whether you're a newbie or a seasoned trader, Autochartist has got your back. It'll make your technical analysis a breeze and save you so much time.
The best part is that Forex4you offers Autochartist for free! Yep, no hidden fees or sneaky tricks. They want to make your trading journey smoother and more successful. So, with Autochartist by your side, you can take your technical analysis skills to the next level and trade like a pro. Happy trading, my friend! You got this!