About Company
Forex4you was established in 2007. It is a CFD broker that offers affordable trading solutions accessible to retail clients. Apart from these innovative platforms, the firm enjoys competitive pricing while offering a variety of account types, most notably providing services to traders in their own right. It is known to provide an array of services ranging amongst different financial instruments with tailor-made client services characteristics.
Pros and Cons
Pros
- Broad Platform Options: Forex 4 You supports popular trading platforms including MetaTrader 4 and MetaTrader 5, alongside its proprietary platform
- Copy Trading Available: Traders can engage in copy trading, leveraging the strategies of more experienced traders
Cons
- High Risk Trust Score: With a trust score of 61, Forex 4 You is considered riskier than competitors holding Tier-1, Tier-2, or Tier-3 licenses
- Limited Forex Pairs: The platform offers only 43 forex pairs, which may be fewer than those available at larger brokers
Security
Their security deals with how funds are safeguarded for their client. Forex4you is regulated by the Financial Services Commission (FSC) of the British Virgin Islands with a license number SIBA/L/12/1027. The broker must safeguard the money of clients on account with:
- Accounts which are segregated from those of any other institution as they are held at reliable financial institutions.
- Negative balance protection is offered for its retail clients.
- Robust encryption methods for safe online operations.
Instruments Available for Trading
Forex4you offers clients access to trade numerous financial instruments including:
- Forex: Major, minor, and exotic currencies are available.
- CFDs: NASDAQ, S&P500, and FTSE100 indices.
- Commodities: Gold and silver, as well as crude oil and some agricultural products.
- CFDs on global equities.
Types of Account
Cent Pro
| Minimum deposit | 0 |
|---|---|
| Commission | 0.1 |
| Available tools | 0 |
| Leverage, min | 1:10 |
| Leverage, max | 1:4000 |
| Margin call level | 50 |
| Stop-out level | 10 |
Classic Pro
| Minimum deposit | 0 |
|---|---|
| Commission | 0.1 |
| Available tools | 0 |
| Leverage, min | 1:10 |
| Leverage, max | 1:4000 |
| Margin call level | 100 |
| Stop-out level | 20 |
Classic Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 0.9 |
| Available tools | 0 |
| Leverage, min | 1:10 |
| Leverage, max | 1:4000 |
| Margin call level | 100 |
| Stop-out level | 20 |
Charges and Commissions
Forex4you keeps a mouth-watering fee structure:
- Trade Charges: Starting at 0.1 pips in Pro STP accounts with commission-based pricing. Wider spreads are expected for classic and cent accounts.
- Non-Trade Charges: Deposits are without charges while withdrawals depend on the payment system; inactivity is charged at 90 days of dormancy.
Trade Platforms
Forex4you offers its own in-house trading platforms along with third-party solutions:
- Forex4you Terminal: has a self-made platform as it's fully web-based and whose extra feature set includes analytics.
- MetaTrader 4 (MT4): standard trading platform and probably the best option for the serious trader needing advanced charting along with brilliant automated trading options.
- Social Trading Platform: has integrated copy trading amongst its features, allowing profitable traders' strategies to be imitated.
They can be used on desktop, web, and mobile platforms, making them very flexible and accessible for the traders.
Customer Service
Customer support agents are well versed in languages such as:
- Live Chat: address complaints immediately at the site.
- Email Support: between response time is at worst 24 hours.
- Phone Support: Regional phone support for clients from each region.
Round the clock support corresponds to the trading hours globally.
| Website | |
|---|---|
| Headquarters | Virgin Islands, British |
| Telephone | En: 44 330 027 1824 Hindi: 000-800-443-0039 Malay: 1 800 813 772 Chinese / Cantonese: 44 207 193 9932 Thai: 66 02-0260692 Indonesian: 620078033212324 Vietnamese: 028-73004102 / 12032673 |
| Customer support | 24/7 - phone, email, live chat |
| Partner programs | Yes |
Account Opening
Opening an account with Forex4you comes in this simple procedure:
- Online entrance of personal and financial information in a submission form.
- Preparation and provision of needed verification documents, like proof of an address and identity.
- Funding of account by a preferred payment method.
Deposits and Withdrawals
Forex4you accepts a variety of payment methods:
- Modes: Bank Transfers, Credit and Debit Cards, Skrill, Neteller, and Local Internet Banking.
- Time periods: Upon deposit, most transactions are posted immediately, while withdrawals take 1-3 business days.
- Fees: No deposit fees, for withdrawals, it depends on the instruments.
FAQ
Is Forex4you a regulated broker?
Yes, Forex4you is regulated by the Financial Services Commission (FSC) of the British Virgin Islands.
What sorts of platforms are there available at Forex4you for trading?
For trading, Forex4you has its proprietary Forex4you Terminal, MetaTrader 4 (MT4), and also a Social Trading platform.
What is the minimum deposit required to open an account?
Deposits begin at $1 for Cent accounts and their minimum deposit increases as per the account type.
What is the maximum leverage available on Forex4you?
It offered the broker buys of up to 1,000 leverage, depending on account type and instrument.