Forex4you is an offshore broker that was founded in 2007 and has grown to become a global brand. They claim to have over 1.7 million customer accounts and over 700 million executed orders. The broker offers over 150 tradable instruments, spread across currency pairs, indices, stocks, commodities, and cryptocurrencies. They provide clients with their own trading platform, as well as the widely acclaimed MetaTrader 4 platform, and with their flexible account types, they support social trading. However, they do not provide adequate educational resources, and their regulation is limited.
Forex4you Review Introduction
In this Forex4you review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Forex4you.
Forex4you Platforms & Tools
The broker provides clients with their proprietary Forex4you Platform and the famous MetaTrader 4 (MT4) platform. Forex4you Trading Platform is available as a web trading terminal, installable desktop applications for Mac and Windows computers, and mobile trading apps for iOS and Android compatible devices. The platform is equipped with different charts, including the tick chart.
MT4 is the standard platform for trading forex and CFDs. It is user friendly and comes with a lot of trading tools, including automation tools. The broker provides different versions of the MT4 platform — a web trading terminal, a desktop application for Windows, and mobile trading apps for Android and iOS devices.
Aside from the tools in the platforms, the broker also provides additional useful tools, such as Share4you for copy-trading, Economic Calendar, Autochartist, Dow Jones financial news and analysis, and Trading Central.
Forex4you Research & Education
Forex4you occasionally schedules webinars on their website, and the videos of previous webinars are made available on the website for traders to view at their own time. Available webinar videos are focused on introducing traders to the basic forex trading principles. Apart from the webinar videos, there are no other educational resources, like articles or ebooks.
Forex4you Trading Accounts
The broker offers a variety of account types, with a $0 minimum deposit and maximum leverage of 1:1000. Here are the account types:
- Cent Account: for newcomers who want to try out live trading with minimum risks
- Classic Account: the standard account for all traders
- Cent NDD: has a commission of 10 cents per lot
- Pro STP: for professional and expert traders, has a commission of $8 per lot
Forex4you Account Funding
Forex4you accepts various payment methods for account funding and withdrawals. They include credit/debit cards, like MasterCard and Visa cards; electronic payment systems, like Neteller, Skrill, and WebMoney; and online banks, such as Permata Bank, Danamon, and CIMBBANK, for Indonesians.
Forex4you Customer Service
The broker offers a multi-lingual customer support service that is available from Monday midnight to Friday 11 p.m. they can be reached via live chat, phone lines, and email.
Forex4you is a brokerage brand owned and operated by E-Global Trade & Finance Group, Inc., a financial trading company registered in the British Virgin Islands. The company is authorized and regulated by the Financial Services Commission (FSC) of the British Virgin Islands. Their financial records are audited yearly by KPMG, a renowned auditing firm.
Forex4you Review Summary
Forex4you is an offshore broker that offers a range of trading services, with flexible trading account types, social trading, and powerful trading platforms. But they are not adequately regulated.
It is worth mentioning that some of the trading products and services in this Forex4you review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Forex4you broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.