Forex4you Overview
| Website | forex4you.com |
| Year Founded | 2007 |
| Countries of Registration | British Virgin Islands, St Vincent & The Grenadines, Belarus |
| Website Languages | English, Spanish, Hindi, Bengali, Malay, Simplified Chinese, Thai, Vietnamese, Uzbek, Russian |
| Regulators | BVIFSC, SVGFSA, НБ РБ |
| Broker Type | STP, MM |
| Dealing | A-book, B-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Forex4you, Share4you |
| Trading Assets | Currencies, Indices, Stocks, Metals |
In a world where financial markets can feel overwhelming, Forex4you emerged as a beacon for traders seeking simplicity and accessibility. Founded over a decade ago, this broker has dedicated itself to empowering both novice and seasoned traders alike. With a commitment to offering a diverse range of trading instruments—from currencies to indices and metals—Forex4you caters to a global audience, speaking multiple languages to ensure no trader feels left behind. At the heart of Forex4you's offering are its robust platforms, including the widely respected MetaTrader 4 and 5, as well as its innovative Share4you copy-trading service. Whether you’re a beginner eager to dip your toes into the markets with a Cent account or a skilled trader looking to capitalize on market movements with leverage, Forex4you provides the tools and support needed for success. By prioritizing a client-centric approach, Forex4you continues to nurture a community where traders can learn, grow, and thrive in their financial journeys.
Brief look at Forex4you
Forex4you is a retail forex & CFD broker operating since 2007 under E-Global Trade & Finance Group, Inc. Regulated by the BVI FSC, the brand offers 150+ instruments across forex, indices, stocks and metals. Traders can choose between Cent and Classic accounts (including Pro tiers) with market execution and leverage up to 1:1000. Platforms include MetaTrader 4, MetaTrader 5, a proprietary mobile/ web platform, and the Share4you copy-trading service.
Pros
- Leverage up to 1:1000 on Cent and Classic accounts
- MT4/MT5 plus proprietary web & mobile platform
- Share4you copy trading is integrated
- Cent account for micro-lot practice and small deposits
- Segregated client funds
Cons
- Licensed offshore (BVI FSC), no FSCS/ICF protection
- Cryptocurrencies not listed among available instruments
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Forex4you Reviews
I recently signed up with Forex4you and I must say, the experience has been quite good. The demo account allowed me to practice trading with MT5 before committing to a real account. The minimum deposit is reasonable, and the trading spreads are competitive. Overall, I would recommend this broker.
9/15/2023Forex4you has been a fantastic broker for me. The app is easy to download and use, and I love the account types available. The leverage options are flexible, which is great for my trading style. I also appreciate their fast withdrawal time; I've never had issues cashing out.
10/2/2023My experience with Forex4you has been mixed. The login process can be a bit slow at times, and while the demo account is helpful, I found the bonus offers not as appealing compared to other brokers. The spreads are average, but I expected more from a broker of their size.
8/18/2023I've been trading with Forex4you for a few months now, and I'm pleased with their services. The MT4 platform is user-friendly, and I love the rebate program they offer. It's great for reducing costs while trading forex. Overall, a solid broker worth considering.
9/28/2023Forex4you has exceeded my expectations! Signing up was straightforward, and the minimum deposit was within my budget. I appreciate the variety of account types, and the customer support has been helpful whenever I needed assistance. The trading conditions are quite favorable.
10/10/2023Leave a Review
Is Forex4you regulated?
| Companies | E-Global Trade & Finance Group, Inc., E-Global Trade & Finance SVG LLC, ООО 'Ф-ИКС ФО Ю' |
| Countries | British Virgin Islands, St Vincent & The Grenadines, Belarus |
| Regulators | BVIFSC, SVGFSA, НБ РБ |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Forex4you Account Types
| Property | Classic Standard | Classic Pro | Classic Fixed | Cent Pro |
|---|---|---|---|---|
| Min Deposit | $1 | $1 | $1 | $1 |
| Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Spread Type | Floating | Floating | Fixed | Floating |
| Execution | Market | Market | Instant | Market |
| Min Spread | 0.9 pips | 0.1 pips | 2 pips | 0.1 pips |
| Fee | No | $8 per 1 lot | No | $10 per 1 lot |
| Max Leverage | 1:500 | 1:500 | 1:1000 | 1:1000 |
| Stop Out | 20% | 20% | 20% | 10% |
| Margin Call | 100% | 100% | 100% | 50% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Forex4you Funding and Fees
| Base currencies | USD, EUR |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC), Tron (TRX), Tether (USDT), USD Coin (USDC) |
| Inactivity fee | $10 monthly after 12 months of inactivity |
| Interest on margin | |
| Withdrawal Fee |
Forex4you Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Forex4you, Share4you |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
Forex4you Trading Assets
| Currencies | 40 |
| Indices | 13 |
| Stocks | 89 |
| Cryptocurrencies | 0 |
| Bonds | 0 |
| Metals | 2 |
| Energies | 0 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Forex4you Support
| info@forex4you.com | |
| Phone | +44 330 027 1824 |
| Telegram | Telegram |
| YouTube | YouTube |
Forex4you Alternatives
| Broker | Forex4you | AMarkets | Alpari | RoboForex | XM | FreshForex |
|---|---|---|---|---|---|---|
| Type | STP, MM | ECN, STP | ECN, MM | MM, STP, ECN | MM | MM, STP, ECN |
| Minimum Deposit | $1 | $100 | $50 | $10 | $5 | $25 |
| Regulators | BVIFSC, SVGFSA, НБ РБ | FSC, MISA, SVGFSA | MISA, NBRB | BFSC | BFSC, CySEC, ASIC, DFSA | SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Forex4you, Share4you | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | average | low | average | low | low | high |
| Leverage | 1:1000 | 1:3000 | 1:3000 | 1:2000 | 1:1000 | 1:2000 |
| Assets | Currencies, Indices, Stocks, Metals | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks (CFDs), Cryptocurrencies, Metals, Energies |
Is Forex4you Right for You?
Forex4you stands out for its impressive leverage of up to 1:1000, which is particularly appealing for traders seeking high-risk, high-reward opportunities. The broker offers a variety of trading platforms, including MetaTrader 4 and 5, alongside a proprietary platform and the Share4you copy-trading service. Additionally, the availability of Cent accounts allows for micro-lot trading, making it accessible for beginners with smaller capital. However, potential users should be aware of some significant drawbacks. Forex4you operates under offshore regulation from the BVI FSC, which may raise concerns regarding the security of client funds, as there is no coverage from systems like the FSCS or ICF. Moreover, cryptocurrencies are not available among the trading instruments, limiting options for those interested in digital assets. In conclusion, Forex4you is recommended for experienced traders who can leverage high-risk strategies and are comfortable with offshore regulation. Conversely, beginners or those seeking robust investor protection may want to explore other brokers that offer stronger regulatory oversight and a wider range of assets, including cryptocurrencies.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
