Forex4you – Forex Broker review

Forex4you – Forex Broker review
3.2 (64%) 5 votes

E-Global Trade & FinanceRead Forex4you forex broker review, rating and detail information for their services below. Forex4You founded in 2007 in British Virgin Islands as a brand of E-Global Trade & Finance Group, Inc. They are one of the very few forex brokers who have cents trading accounts. This is one of the best account type for unskilled forex traders to learn trading with less risk.

KPMG, one of the Big Four auditors of the world, confirming that although not the best time for financial markets, the Forex4you figures are still showing dynamic growth and are fully in line.

Regulation

Forex4you is regulated the Financial Services Commission (“FSC”) under the Securities and Investment Business Act, 2010 (“SIBA”).

Awards

Forex4you won the following awards for its product offerings and services.

  • Forex Broker of the Year – South East Asia 2017 IAIR Award
  • Best Quality Service – FOREX Broker 2015 MENA Forex Expo
  • Best Forex Broker in Russia and CIS – 2013 Forex Expo Awards
  • Award for creating social trading platform – Forex market 2013 Forex Expo Awards
  • Best Forex Broker – South-East Asia 2013 IAIR Award
  • Best Forex Company – in the field of affiliate programs 2013 RACE Awards
  • Forex broker of the Year – Le Fonti Awards 2018
  • Forex Broker of the Year – South East Asia 2017 IAIR Award
  • Best Quality Service – FOREX Broker 2015 MENA Forex Expo
  • Best Forex Broker in Russia and CIS – 2013 Forex Expo Awards
  • Award for creating social trading platform – Forex market 2013 Forex Expo Awards
  • Best Forex Broker – South-East Asia 2013 IAIR Award
  • Best Forex Company in the field of affiliate programs 2013 RACE Awards

Trading Platforms

Forex4you Platforms
Forex4you Platforms

Forex4you provides MetaTrader 4 platform free of charge. They also provide Mobile trading app onto the smartphone. Although the MetaTrader 5 is also available for download at the website, it is available only for demo accounts and testing. MT4 platform is so powerfully that traders can download it for a PC or for Mac IOS and smartphones. Forex4you recently launched their WebTrader Platform. There is no download necessary for this platform.

Commissions & Spreads

The spreads at Forex4you are in the form of fixed and floating spreads. They haven’t charged any commission for their services. But there is a slight spread applicable. For classic NDD (Non-Dealing Desk) accounts, spreads starts from 0.75 pips. For classic NDD (Non-Dealing Desk) accounts, spreads starts from 0.75 pips. Classic account uses fixed spreads of 2.0 pips. Forex4you Cent account is not required any minimum deposit.

Payment options

Forex4you Supports credit cards, wire transfers, Neteller, Skrill, WebMoney and FasaPay for deposits and withdrawal. Bank wires take up to 2 days for settlement. They also have option to withdraw funds via a Payoneer Mastercard.

Support

Customer support at Forex4you is responsive and there are several ways which you can get in touch with the support team such as email, Live chat, telephone 24/5. You also have the benefit of multi-lingual support which is Malay, Mandarin, Cantonese and Hindi.

Share4You Review

Share4You is a social trading network service which is the newest venture of forex4you. It not only allows you to copy the trading orders of others but allows other to copy your orders also. Still now Share4You helps more than 80 million trades to copy. The person who got 100 million trades, won $5000 instantly.

Forex4you Detail Information

Company E-Global Trade & Finance Group, Inc.
Founded in 2007
Offices in Azerbaijan, British Virgin Islands, India, Latvia, Malaysia, Russian Federation, United Kingdom
Payment options Credit/debit cards, Neteller, Skrill, WebMoney, Wire transfer
Demo platforms MetaTrader 4
Account currencies Euro, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/DKK AUD/JPY
AUD/NOK AUD/NZD
AUD/SEK AUD/SGD
AUD/USD CAD/CHF
CAD/JPY CHF/JPY
CHF/NOK CHF/SGD
EUR/AUD EUR/CAD
EUR/CHF EUR/DKK
EUR/GBP EUR/HKD
EUR/JPY EUR/NOK
EUR/NZD EUR/SEK
EUR/SGD EUR/USD
GBP/AUD GBP/CAD
GBP/CHF GBP/DKK
GBP/JPY GBP/NOK
GBP/SEK GBP/SGD
GBP/USD NZD/CAD
NZD/CHF NZD/JPY
NZD/SGD NZD/USD
SGD/JPY USD/CAD
USD/CHF USD/DKK
USD/HKD USD/JPY
USD/MXN USD/NOK
USD/RUB USD/SEK
USD/SGD USD/ZAR
Regulated by FSC (BVI), SIBA/L/12/1027
Website available in Chinese, Croatian, English, French, German, Hindi, Indonesian, Italian, Malay, Persian, Russian, Spanish
Support available in Catalan, Chinese, English, German, Hindi, Indonesian, Malay, Marathi, Russian, Spanish
Support methods Email, Live chat, Office, Phone
Trading server time zone CET
VPS for traders Coming soon
Conditions for VIP traders Individual approach and special conditions for clients with $50,000 or more.

Forex4you Features

  • Interest rate on funds
  • Bonus offers
  • Free education
  • PAMM accounts
  • MAM accounts
  • Affiliate program
  • Islamic accounts available

Account Types

Forex4you has five trading accounts. Above all, they have Cent account which has no minimum deposit. Although they recommend minimum $1 deposit for the same.

  • Cent (Instant)
    • Hedging
    • Trailing stop
    • Pending orders
    • Browser-based platform
  • Pro STP
    • Hedging
    • Trailing stop
    • Pending orders
    • Browser-based platform
  • Classic (Instant)
    • Hedging
    • Trailing stop
    • Pending orders
    • Browser-based platform
  • Cent NDD (Market)
    • Hedging
    • Trailing stop
    • Pending orders
    • Browser-based platform
  • Classic NDD (Market)
    • Hedging
    • Trailing stop
    • Pending orders
    • Browser-based platform

Forex4You Review and Rating

Forex4You has become one of the most popular with retail traders because of its commitment in providing quality service and cent account. They also have a bonus program of up to 25% on deposits. Their support is not biased for any trading volume.

Support
90%
Platform
80%
Bonus
60%
Commission
60%
Leverage
70%

Pros

  • Multi Language Support
  • Good Low Spreads
  • Reliable and Transparent Broker
  • Response Customer Support
  • Support for Payoneer MasterCard
  • Good Educational Center
  • Choice of Accounts
  • Demo Account
  • Meta trader available

Cons

  • Insufficient Description of Trading Platforms
  • Less Bonuses or Promotions
  • Occasional requotes
7.2

Average Score

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5 thoughts on “Forex4you – Forex Broker review”

  1. With the flexible broker Forex4you I am trading in Forex market since 2 years. This is the only broker who don’t restrict any types of trading platform to use. And I am using their most popular mt4 trading platform which has almost all types of trading tools. Like- great technical features, trading indicators, MQL language support to create trading robots, easy access without any technical error, smart bridge of technology, wide range of trading techniques etc.

  2. I cannot say anything good about Forex4you. Despite the broker is large and has a lot of clients, they do not have reliable regulation or lisences. So they easily may get broke and all the clients will lose their money forever. A friend of mine traded with them. He said that the conditions are average but the risks are higher than average.

  3. Advantages of Fx4u-asia:

    1. 100 financial instruments
    2. 24 hour customer support
    3. Leverage from 1:10 up to 1:500
    4. Different options to add/withdraw funds
    5. Spreads from 2 pips
    6. No minimum investment requirements
    7. Full-featured control panel
    8. Offices in 10+ countries

    So convenient that you cant resist!

  4. I am using Forex4you from last around 2 years, and I found this is good while it comes to deposit/Withdraw the money. They have great mobile apps /Meta trader. Overall I am satisfied and I would recommend it.

  5. I have been trading with Forex4You for a few months now and I have not experienced any problems to date. Deposit and withdrawal are quite simple and pain-free process. They are quite good. They have had no re-quote so far.

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