Forex4you Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

Forex4you Video Review

Investor Protection & Regulations

“Forex4you is the trademark of the E-Global Trade & Finance Group, Inc., a company based in the British Virgin Islands (BVI), authorised, licensed and regulated by the Financial Services Commission (FSC) of the BVI.”

Forex4you is the trademark of the E-Global Trade & Finance Group, Inc., a company based in the British Virgin Islands (BVI), authorised, licensed and regulated by the Financial Services Commission (FSC) of the BVI, an offshore regulation, as confirmed on the regulator’s register below:

Forex4you provides further security of client funds by following the below regulatory requirements:

• Holding Funds in a segregated account from company funds.
• Negative balance protection policy.
• Annual audit by KPMG
• Insurance from Nexus Underwriting Limited

Tradable Products

“Forex4you offers clients the ability to trade on more than 150+ markets covering Forex, Indices, Commodities and Shares.”

Forex4you offers clients the ability to trade on more than 150+ markets covering Forex, Indices, Commodities and Shares. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the Forex4you website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Forex4you offers clients several account types called Cent, Classic, Cent NDD and Pro STP as well as access to a demo trading account. Swap-free accounts are only available to predominantly Islamic countries.”

Forex4you offers clients several account types called Cent, Classic, Cent NDD (No Dealing Desk) and Pro STP as well as access to a demo trading account. Swap-free accounts are only available to predominantly Islamic countries. The table below shows a breakdown for each account and its features:

*Trading conditions may change from time to time. Refer to the broker website for the latest information.

Swap-free accounts are available only to predominantly Islamic countries and need to be requested specifically.

Users can open a new account in just a few steps. After clicking the ‘Open Account’ button on the broker’s homepage, users are asked to register with their phone, name, e-mail and country. After this, users will be asked to enter a verification code which will be sent to their phone or e-mail.

Following the verification step, users will be directed to the client portal and asked to submit proof of identity (passport or driving license) and proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal area is shown below:

The broker does not accept clients from the following regions: UK, USA, EEA, Japan, Singapore, Afghanistan, Bosnia and Herzegovina, Guyana, Iraq, Iran, Myanmar, Papua New Guinea, Syria, Yemen, Algeria, Ecuador, North Korea, Andorra, Somalia, Puerto Rico, U.S. Virgin Islands, America Samoa, Gaza Strip, Venezuela, Sudan, Nicaragua, Mali, Burundi, Congo, Central African Republic.

Deposit & Withdrawals Options

“Forex4you offers a variety of fee-free deposit methods including by Debit/Credit Card and e-Wallets such as Neteller, Skrill and Webmoney, however, some withdrawals do incur a fee.”

Forex4you has also a wide range of other payment methods available to clients in different countries. The broker offers a variety of fee-free deposit methods including Debit/Credit Card and e-Wallets such as Neteller, Skrill and Webmoney. Other deposit methods do include fees, and withdrawal fees do apply for some of these payment methods. Some of the other deposit and withdrawal options include Perfect Money, Fasapay, Nganluong, Bitpay, Docu, Astropay, Paytm (India), Internet Banking/Netbanking/QR/P2A (Asia), Offline Bank Transfer (Asia) and Mobile Payments (Asia).

The below tables show the fees, minimums and processing times for deposits and withdrawals:

*Information is subject to change. Refer to website for latest information.

To deposit and withdraw funds users will need to enter the client portal area, also called the Trader Room, and click on ‘Financial Operations’ followed by either ‘Deposit’ or ‘Withdraw’.

Web & Desktop Trading Platforms

“Forex4you offers clients the ability to trade on their proprietary trading platform suitable for Windows, Mac and Web. Additionally, the broker does offer the MetaTrader 4 desktop platform.”

Forex4you offers clients the ability to trade on their proprietary trading platform suitable for Windows, Mac and Web. Additionally, the broker does offer the MetaTrader 4 desktop platform. Some of the features for each platform are shown below:

Forex4you Web

• No download needed
• Multiple asset classes
• Incorporates TradingView Charts
• Can use on PC or Mac

Forex4you Desktop

• Downloadable on PC and Mac
• Simple interface with powerful functionality
• Multiple drawing tools and technical indicators.
• Advanced charting capability

Forex4you MetaTrader 4

• Fully customisable
• Multiple technical tools
• Automated trading
• Interactive charts

A screenshot of the Forex4you desktop platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Forex4you offers users the ability to access mobile trading on the go from the Forex4you and MetaTrader 4 mobile trading apps for Android and iOS systems.”

Forex4you offers users the ability to access mobile trading on the go from the Forex4you and MetaTrader 4 mobile trading apps for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The Forex4you mobile trading app provides a range of different features including:

• Trade and manage your account on the go
• Personalize trading preferences

The Forex4you mobile trading app is covered in more detail in the video review.

Trading Features

“Forex4you does offer additional features such as an AutoChartist plugin for MetaTrader 4 and users can also access copy trading services through Share4you.”

Forex4you does offer additional features such as an AutoChartist plugin for MetaTrader 4 which allows users to access additional tools such as risk calculators, market scanners, statistical tools and more. This is on top of the additional features found in the MetaTrader Market place which can be accessed from the MT4 platform such as programming services for auto trading.

Clients with Classic or Cent accounts will also have access to copy trading services offered by Share4you. Clients can follow the top traders on the platform and directly copy their trades or choose to become leaders and allow other traders to copy their activity, each time paying the leader a commission.

Commissions & Spreads

“Forex4you offers a range of commission-free and commission-based account types, but minimum spreads vary with each account.”

Forex4you offers a range of commission-free and commission-based account types. Cent and Classic accounts are commission-free but have larger spreads whereas Cent NDD and Pro STP are commission-based and have much smaller spreads.

The below table summarizes the commissions and spreads for each account type:

Overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge inactivity fees of 10 units of the base account currency after 24 months of no trading activity. The fee charged is based on a consolidation of all the accounts in the trader room, rather than per account.

Bonus & Promotions

“As Forex4you is registered in BVI, it does offer multiple bonuses and promotions including a Trading Hero Contest, 100% Deposit Bonus and 50% Cashback program.”

At the time of writing, Forex4you does offer multiple bonuses and promotions including a Trading Hero Contest, 100% Deposit Bonus and 50% Cashback program. Each bonus is summarised below:

• Trading Hero Contest: Monthly trading contest where the top 30 traders can win cash prizes of up to $400.
• 100% Deposit Bonus: A deposit bonus between 5% and 100% is given to all traders. There is no limit to the bonus amount that can be received.
• 50% Cashback Program: 50% cashback on trades, up to $10 per lot on all EUR/USD trades. This cannot be used in conjunction with any active credit bonuses.

Customer Support

“Forex4you offers multilingual 24/7 customer support via email, phone and live chat. Users can also call via the web-phone on the broker’s website and submit tickets via the client portal.”

Forex4you offers multilingual (English, Malay, Thai, Bahasa Indonesia, Hindi, Mandarin, Laos, Vietnamese, Russian, Gujarati, Tamil and Marathi), 24/7 customer support via email, phone and Live Chat. Users can also call via the web-phone on the broker’s website and submit tickets via the client portal.

After logging into the live chat we were connected to an agent who replied to our message within 10 seconds, as shown below:

Contact Information:

• Address: First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, VG1110, British Virgin Islands
• Email: info@forex4you.com
• Phone: +44 207 193 9932
• Social Media:
  • Facebook
  • LinkedIn
  • YouTube
  • Instagram

Research

“Forex4you offers a range of research material including News, Analytics through Trading Central, WebTV, AutoChartist Services and an Economic Calendar.”

Forex4you offers a range of research material including News, Analytics through Trading Central, WebTV, AutoChartist Services and an Economic Calendar. A brief summary is given below:

• FXStreet News: Exclusive forex news service ranked top by Twitter users worldwide for forex market analysis.
• FXStreet Economic Calendar: Identify important economic events or data releases impacting global markets
• Trading Central: Technical analysis for the six major currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, AUDUSD.
• WebTV: Provided by Trading Central which allows users to stream financial news online.
• AutoChartist: Automated market scanning services proving live technical analysis across forex markets.

Clients can access News, Trading Central and AutoChartist services via the client portal whereas the Economic Calendar and WebTV can be accessed via the Education section of the broker’s website.

Trader Education

“Forex4you offers several educational resources including a Trading School, MetaTrader 4 Video Tutorials, Seminars and Trading Articles.”

Forex4you offers several educational resources including a Trading School, MetaTrader 4 Video Tutorials, Seminars and Trading Articles. Below is a small summary of the educational resources available

• Trading School: The trading school is comprehensive and has four levels – Forex Pre-School, Primary School, Secondary School and Trading University covering the basics of forex to more complicated topics such as “How to trade Forex Divergences”.
• MetaTrader 4 Tutorials: Videos on how to set up and use MetaTrader 4 on PC, iOS and Android systems.
• Seminars: In-person seminars through Forex4you’s various partners and country offices around the world where qualified experts will guide you through the core principles of forex trading.
• Articles and News: Short but informative articles on forex trading covering Technical and Fundamental Analysis, Trading Psychology and more. The company news section also covers the latest developments at Forex4you.

Clients can also access a forex calculator designed to calculate basic parameters such as contract size, margin, cost of a point and swap fees. Additionally, it provides live spreads and limit and stop levels for all instruments.

Trading Experience

“Forex4you provides a great offering through commission-free and commission-based trading on 150+ financial instruments through the broker’s proprietary trading platform for Windows, Mac and Web as well as the MetaTrader 4 platform.”

From our observations, Forex4you offers a good service allowing clients to trade commission-free or commission-based across Forex, Indices, Commodities and Shares. Clients can trade from the broker’s proprietary trading platform for Windows, Mac and Web as well as the globally popular MetaTrader 4 platform.

Share4you also add a great value and can help new traders copy the trades of more experienced traders. Likewise, experienced traders can receive additional commissions from all those who copy their signals.

The education material available is both vast and informative with videos and articles suitable for beginner and advanced traders. The content is regularly updated, and clients also have the choice of attending in-person seminars across Forex4you’s various partners and country offices around the world.

FAQ

Is Forex4you regulated?

Yes, it is in the British Virgin Islands by the Financial Services Commission (FSC) of the BVI.

Where is Forex4you based?

First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, VG1110, British Virgin Islands

How does Forex4you make money?

Forex4you makes money mainly through commissions, spreads and swaps on certain asset classes.

How do I deposit in Forex4you account?

Funds can be deposited via payments methods such as Debit/Credit card and e-Wallets such as Neteller, Skrill and Webmoney, as well as Fasapay, Nganluong, Netbanking and QR.

What is the min. deposit at Forex4you?

The minimum deposit is $0 to open an account.

How do I withdraw money from Forex4you?

Withdrawals can be made from the client portal via payments methods such as Debit/Credit card and e-Wallets such as Neteller, Skrill and Webmoney, as well as Fasapay, Nganluong, Netbanking and QR.

What is the max leverage in Forex4you?

The max leverage available is 1:1000 in most countries, and 1:2000 in Asia.

How do I open an account with Forex4you?

An account can be opened at the click of a button on the Forex4you website and can be done in just a few steps.

Does Forex4you use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Forex4you is the registered trademark of E Global Trade & Finance Group, Inc., in the British Virgin Islands (BVI) that is authorised, licensed and regulated by the Financial Services Commission (FSC) of the BVI. The broker offers clients access to over 150+ markets across Forex, Indices, Commodities and Shares through its proprietary trading platform as well as the MetaTrader 4 platform.”

Forex4you was founded in 2007 and is the registered trademark of E-Global Trade & Finance Group, Inc., based in the British Virgin Islands (BVI) that is authorised, licensed and regulated by the Financial Services Commission (FSC) of the BVI.

The broker offers clients access to over 150+ markets across Forex, Indices, Commodities and Shares through its own proprietary trading platform as well as the MetaTrader 4 platform. The focus of this review is on www.Forex4you.com, however, there are some services such as copy trading offered by www.Share4you.com which are also covered in this review.

The broker offers a variety of commission-free and commission-based account types called Cent, Classic, Cent NDD and Pro STP as well as a demo trading account. Islamic (swap-free) accounts are available but only to clients in predominantly Islamic countries.

Deposits are waived for some payment methods, Forex4you offers a selection of popular payment methods such as Debit/Credit card, and e-Wallets such as Neteller, Skrill and Webmoney. Some of the other deposit and withdrawal options include Perfect Money, Fasapay, Nganluong, Bitpay, Docu, Astropay, Paytm (India), Internet Banking/Netbanking/QR/P2A (Asia), Offline Bank Transfer (Asia) and Mobile Payments (Asia). However, withdrawal fees do apply for some payment methods and the broker does charge inactivity fees after 24 months of no trading activity.

There is a range of research and educational materials available which include Trading Central and AutoChartist services, Trading School, News, Articles, Trading Videos and more. There are attractive bonuses and promotions including a monthly Trading Hero Contest, 100% first deposit bonus and 50% Cashback Program. The broker does offer multilingual 24/7 customer support via Phone, E-mail, Live Chat and WebPhone.

• A powerful proprietary platform for Windows, Mac and Web.
• Option of commission-free and commission-based accounts.
• Bonuses and promotions on offer.
• 24/7 customer support.