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Forex4you is an online trading platform that offers services in the forex and CFD markets. Established in 2007 by E-Global Trade & Finance Group, Inc., the company’s mission is to provide quality online trading services with low investment requirements for retail clients. Over the years, Forex4you has introduced various technologies and expanded its services, including the launch of the social trading service Share4you in 2013.
For beginner traders, Forex4you offers cent accounts, allowing trading with smaller amounts, making it easier to start without significant financial risk. The platform also provides access to multiple trading instruments and platforms, catering to diverse trading preferences.
Forex4You Key Features
- Variety of Account Types: Cent and Classic accounts with options for both fixed and floating spreads.
- Leverage Options: Leverage up to 1:4000, allowing traders to maximize their trading potential.
- Multiple Trading Platforms: Access to MetaTrader 4, MetaTrader 5, Forex4you Desktop, and WebTrader platforms.
- Copy Trading Service: Share4you platform enables users to copy trades from experienced traders.
- Educational Resources: Offers articles, trading school, and video tutorials to enhance trading knowledge.
Forex4You Regulatory Status & Licenses
Forex4you is a brand of E-Global Trade & Finance Group, Inc., which is registered in the British Virgin Islands (BVI) under registration number 1384287. The company is authorized and regulated by the BVI Financial Services Commission (FSC) under the Securities and Investment Business Act, 2010, with License#: SIBA/L/12/1027.
While the BVI FSC provides a regulatory framework, it is considered a mid-tier regulator. Some traders may prefer brokers regulated by top-tier authorities, such as the UK’s Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), which enforce stricter standards.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| BVI FSC | SIBA/L/12/1027 | Segregated Funds | Not Specified | British Virgin Islands |
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Forex4You Trading Instruments
Forex4you offers a wide range of trading instruments, allowing traders to diversify their portfolios. The platform provides access to over 150 instruments across various asset classes, including Forex, Indices, Commodities, and Stocks.
| Asset Class | Number of Assets | Leverage (up to) | Spreads (Typical) |
|---|---|---|---|
| Forex | 50+ | 1:4000 | From 0.1 pip |
| Indices | 10+ | 1:100 | Variable |
| Commodities | 5+ | 1:100 | Variable |
| Stocks | 100+ | 1:10 | Variable |
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Forex4You Trading Platforms
Forex4you supports multiple trading platforms to cater to different trading styles and preferences. Users can choose between the popular MetaTrader platforms and Forex4you’s proprietary platforms.
| Platform | Availability | Features |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile | Advanced charting, automated trading (EAs), wide range of indicators |
| MetaTrader 5 | Desktop, Mobile | Enhanced features over MT4, more timeframes, additional order types |
| Forex4you Desktop | Desktop | User-friendly interface, integrated tools, customizable layouts |
| Forex4you WebTrader | Web-based | No installation required, accessible from any browser, real-time analysis |
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Forex4You Forex4You Mobile App
For traders who prefer trading on-the-go, Forex4you offers mobile applications compatible with both iOS and Android devices. These apps provide full trading functionality, real-time quotes, and account management features.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Forex4you App | 4.5/5 | 4.4/5 |
| MetaTrader 4 App | 4.7/5 | 4.6/5 |
| MetaTrader 5 App | 4.6/5 | 4.5/5 |
Forex4You Account Types
Forex4you offers various account types to suit different trading needs and experience levels. Each account type has its own set of features and trading conditions.
| Account Type | Minimum Deposit | Leverage (up to) | Spreads | Commission |
|---|---|---|---|---|
| Cent Pro | $0 | 1:4000 | From 0.1 pip | $0.10 per cent lot |
| Classic Pro | $0 | 1:4000 | From 0.1 pip | $7 per lot |
| Classic Standard | $0 | 1:4000 | From 0.9 pip | None |
Each account type is designed to cater to different trading strategies and experience levels, providing flexibility for both beginners and experienced traders.
In conclusion, Forex4you offers a comprehensive trading environment with a variety of account types, trading instruments, and platforms. While the regulatory oversight is from a mid-tier authority, the broker provides features that may appeal to both novice and seasoned traders.
Forex4You Commissions & Fees
Forex4you has a transparent fee structure that varies based on the type of account. Understanding these fees is crucial for traders to manage their trading costs effectively. Below is a detailed breakdown of the commissions and fees associated with different account types:
| Fee Type | Cent Account | Classic Account | Pro STP Account |
|---|---|---|---|
| Spread (EUR/USD) | From 2.0 pips | From 2.0 pips | From 0.1 pips |
| Commission per Lot | None | None | $8 |
| Inactivity Fee | None | None | None |
| Deposit Fee | None | None | None |
| Withdrawal Fee | Varies | Varies | Varies |
Note: Withdrawal fees depend on the payment method chosen.
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Forex4You Deposit & Withdrawals
Forex4you offers a variety of deposit and withdrawal options to cater to the diverse needs of its clients. The processing times and fees vary depending on the chosen method. Below is a comprehensive table detailing the available payment methods:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | None | Varies | 1-3 business days |
| Credit/Debit Card | None | Varies | Instant |
| Skrill | None | Varies | Instant |
| Neteller | None | Varies | Instant |
| WebMoney | None | Varies | Instant |
| FasaPay | None | Varies | Instant |
| Perfect Money | None | Varies | Instant |
| Cryptocurrency | None | Varies | Up to 1 hour |
Note: Withdrawal fees and processing times can vary based on the specific payment provider and the client’s country of residence.
Forex4You Customer Support
Forex4you provides robust customer support to assist traders with their queries and concerns. The support team is accessible through multiple channels, ensuring that clients receive timely and effective assistance. Below is an overview of the available support channels:
| Support Channel | Availability | Response Time | Languages Supported |
|---|---|---|---|
| Live Chat | 24/7 | Immediate | English, Chinese, Hindi, Russian, Spanish, Thai, Vietnamese, Indonesian |
| Email Support | 24/7 | Within 24 hours | English, Chinese, Hindi, Russian, Spanish, Thai, Vietnamese, Indonesian |
| Phone Support | 24/5 | Immediate | English, Chinese, Hindi, Russian, Spanish, Thai, Vietnamese, Indonesian |
| FAQ Section | 24/7 | Instant Access | English, Chinese, Hindi, Russian, Spanish, Thai, Vietnamese, Indonesian |
Note: The availability of language support may vary depending on the time of day and the specific support channel.
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Forex4You Education & Research
Forex4you is committed to empowering its traders by providing a wealth of educational resources and research tools. These resources are designed to enhance trading skills and keep traders informed about market developments. Below is a summary of the educational and research materials available:
| Resource Type | Availability | Quality |
|---|---|---|
| Educational Articles | Yes | Comprehensive and regularly updated |
| Video Tutorials | Yes | High-quality, covering various topics |
| Webinars | Yes | Interactive and insightful |
| Market Analysis Reports | Yes | In-depth and timely |
| Economic Calendar | Yes | Detailed and up-to-date |
| Trading Glossary | Yes | Extensive and informative |
Note: Access to certain resources may require account registration.
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Forex4You Google Reviews & Reputation
Forex4you has garnered various reviews across multiple platforms, reflecting its reputation in the trading community. Below is a summary of its ratings:
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Satisfaction | 4.0 | 3.8 | 4.5 | 4.4 |
| Customer Support | 4.2 | 4.0 | N/A | N/A |
| Platform Usability | 4.3 | 4.1 | N/A | N/A |
| Educational Resources | 4.1 | 3.9 | N/A | N/A |
Note: Ratings are subject to change and may vary based on user experiences.
Forex4You Bonuses & Promotions
Forex4you offers several bonuses and promotions to enhance the trading experience:
- 100% Deposit Bonus: Double your deposit up to five times per account, with no limit.
- 50% Cashback Program: Reduce trading costs for clients in non-partner accounts.
- Trading Hero Contest: Monthly contest on live demo accounts, rewarding the top 30 most profitable traders, with a top prize of $400.
Note: Terms and conditions apply to all bonuses and promotions.
Forex4You Advantages & Disadvantages
Understanding the pros and cons of Forex4you can help traders make informed decisions. Below is a balanced overview:
| Pros | Cons |
|---|---|
| Variety of Account Types | Limited regulatory oversight |
| High Leverage Options (up to 1:4000) | Withdrawal fees vary by method |
| Multiple Trading Platforms | Limited number of forex pairs |
| Comprehensive Educational Resources | Mid-tier regulatory authority |
| Copy Trading Service (Share4you) | Not available to residents in certain countries |
Note: Pros and cons are based on available information and user feedback.
Final Thoughts
Final Rating: 4.0 out of 5
Forex4you offers a comprehensive trading environment suitable for both beginners and experienced traders. With a variety of account types, high leverage options, and multiple trading platforms, it caters to diverse trading preferences. The availability of educational resources and the Share4you copy trading service further enhance its appeal. However, potential clients should be aware of its regulatory status and carefully consider the associated risks.