Forex4you Overview
Founded in 2007, Forex4you is driven to provide transparent trading services accessible to traders from all over the world. It houses copytrading infrastructure and offers multiple trading platforms.
Discover the advantages of trading with Forex4you by reading this broker review in full.
Forex4you Background & Safety
Since its inception in 2007, Forex4you has served more than 2 million trading accounts in total, with over a hundred thousand of them as active accounts at present. Thirteen years in the industry, Forex4you does not stop introducing innovative trading solutions and improving its trading conditions.
The brand is owned and operated by E-Global Trade & Finance Group Inc. In 2013, the broker launched its ground-breaking social trading service, Share4you. This trading solution enabled any trader to participate in the financial markets and trading activities regardless of their trading background.
Forex4you continued to develop advanced trading solutions in the succeeding years. In 2016, it launched its cutting-edge technology investment, MarketPlace – the broker’s own liquidity aggregator and order execution technology. It was followed by developing its own industry-leading WebTrader, mobile applications, and desktop platforms.
Forex4you has become a global brokerage brand and it has a number of offices in several parts of the world. The broker’s main office is located in the British Virgin Islands and is authorized and regulated by the BVI FSC (Financial Services Commission) under the Securities and Investment Business Act. Its global service coverage, however, is restricted in some countries like Japan, Canada, USA, Australia, and the European Economic Area.
Being a global brand, Forex4you is a recipient of multiple international recognitions including Best Affiliate Partner Program 2020 by International Business Magazine, Best Forex Affiliate Program 2020 by AtoZ Markets, and Forex Broker of the Year by South East Asia 2017 IAIR Award
Forex4you Features & Fees
Financial Instruments
Forex4you provides a comprehensive selection of financial instruments including forex, indices, stocks, commodities, and cryptocurrencies.
Account Types
As shown in the above reference, Forex4you offers four account types in Cent, Classic, Cent NDD, and Pro STP.
Among the four featured account types, Pro STP is the fastest account as its execution speed is at an average of 0.58 seconds. The Cent account has the slowest execution speed at 1.25 seconds.
All four account types have the same leverage levels of up to 1:1000. More interestingly, all of them do not have a required minimum initial deposit upon account opening. However, traders still need to fund their registered accounts with the broker in order to trade and access the financial markets.
The Cent account has the lowest contract size with 1000 as 1 lot. Meanwhile, the Pro STP 1 lot is equivalent to 100,000 forex contract size. In terms of the minimum trade volume, all four accounts are at 0.01 trade lot. The maximum trade lot, however, is different for each account with the Cent account having the largest at 1000 lot while the Classic account having the smallest at 200 lot.
In terms of spreads and commissions, both the Cent and the Classic accounts have zero commission fees and fixed spreads starting from 2.0 pips. The other two account types have floating spreads starting from 0.1 pips.
Funding Methods
Forex4you offers an array of convenient ways to deposit and withdraw funds from the clients’ trading accounts. With a 24/7 request coverage, account users can opt for bank cards, internet banking, or electronic payment systems anytime. Some of these options include Neteller, Skrill, WebMoney, VISA, and Mastercard.
No service fees apply for any deposit option chosen by the account user. On the other hand, withdrawal transactions incur varying service fees depending on the payment method used.
Promotions
Forex4you makes trading more interesting to its clients by introducing several promotions including the Trading Hero Contest, 100% Deposit Bonus, and 50% Cashback Program.
Forex4you Trading Platforms & Tools
Forex4you has its proprietary trading platform to offer to its clients as well as the industry popular MetaTrader 4.
Forex4you mobile is the mobile app version of Forex4you’s cutting-edge technology. It is powered with advanced trading charting tools, customized trading preferences, profile verification, provision for deposit and withdrawal transactions, and a built-in economic calendar. With its simple trading interface, Forex4you mobile is very convenient and user-friendly.
Fore4you’s MT4 offering is nothing short of the standard as it is equipped with more than 150 instruments, one-click trading, automation scripts and alerts, and advisors and technical indicators.
For traders who are into web-based trading, the Forex4you WebTrader is the best option. This fully-featured web-based trading software is an award-winning platform. It has some of the most vital functionalities such as Trading Control, Slippage, Equity Stop Loss, Tick Chart, and Liquidity Pool. Lastly, the Forex4you Desktop is the other version of the broker’s proprietary platform. Available to Windows and macOS computers, the platform has the same features as the WebTrader.
Bottom Line
With a number of advanced platform options and features plus access to several asset classes, Forex4you is a good broker to try. With no minimum initial deposit, enjoy trading with industry-leading trading solutions and competitive trading conditions.
