Forex4You Review


Forex4You is a well-established broker since 2007. Forex4You has headquarters in British Virgin Islands, India, Malaysia and Thailand. They are generally well-suited for Forex4You to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by FSC (BVI) SIBA/L/12/1027 and The Financial Commission 22.10.2019.


Company Information

Website
www.forex4you.com

Established
2007

Country
British Virgin Islands, India, Malaysia and Thailand

Regulation
FSC (BVI) SIBA/L/12/1027
The Financial Commission, 22.10.2019

Features

Bonus offers

Trading contests

Free education

Personal manager

PAMM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Vps

Account Information

Apart from the forex demo account, this broker offers Cent, Pro STP, Classic and Cent NDD. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Forex4You is up to 1:1000. Meanwhile, you can open an account with a starting capital of $1

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


Minimum Deposit

$1

Maximum Leverage

1:1000

Spread

Fixed

Commission

$10


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex4You also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Cent account, Forex4You specifically provides it with the following instruments and leverage:


Forex
1:1000

Gold & silver
1:100


Minimum Deposit $1000

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex4You also offers some instruments you would like to trade on, such as Forex, Gold & silver, Oil, Stocks, Futures and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Pro STP account, Forex4You specifically provides it with the following instruments and leverage:


Forex
1:200

Gold & silver
1:200

Futures
1:200

Indexes
1:200


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex4You also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Classic account, Forex4You specifically provides it with the following instruments and leverage:


Forex
1:1000

Gold & silver
1:100


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex4You also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Cent NDD account, Forex4You specifically provides it with the following instruments and leverage:


Forex
1:1000

Gold & silver
1:100

Payment Methods

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Forex4You also provides payment with Credit/debit cards




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Forex4You offers you MetaTrader 4, MT4 Web Trader (XOGEE) and MT4 Mobile (XOGEE).

Customer Support

Do you have any question or find any trouble related to Forex4You? If you do, you should reach Forex4You's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Chinese
Croatian
English
French
German
Hindi
Indonesian
Italian
Malay
Persian
Russian
Spanish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

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.




FAQ About Forex4You


Is Forex4You a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Forex4You is a good broker for you or not by reviewing the criteria. In general, Forex4You provides trading service in Forex , Gold & silver , Oil , Stocks , Futures , Indexes and CFD . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill, WebMoney and Wire transfer. The customer support is available via Email, Live chat, Office and Phone.


What is the minimum deposit for Forex4You?

The starting capital in Forex4You is $1.


Is Forex4You regulated?

Forex4You is regulated by FSC (BVI) SIBA/L/12/1027 and The Financial Commission 22.10.2019. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is Forex4You legit?

Forex4You is a brokerage company offering trading services for clients since 2007 with offices in British Virgin Islands, India, Malaysia and Thailand.


Give Your Review and Rate This Broker



2 Reviews


James Flynn

Jul 22 2020

I've been trading on Forex4you for over a year and had no complaints about deposits or WD. Forex4you mobile and MetaTrader applications are pretty cool. As a user who is still trying to adapt to Forex4you, I feel unusual because I can't WD in 30 days, while many other brokers do not enforce this rule. But overall, I am satisfied with this broker service.

PJ Sam

Jul 22 2020

Forex4you has launched a copy trading feature which is very helpful for novices. It is very suitable for me. Thank you!