Forex4you Review
FOREX4YOU REVIEW
Forex4you is a British Virgin Islands-registered company, regulated by the FSC. They offer access to over 150 markets on Forex, indices, commodities, and stocks through their proprietary trading platform and MetaTrader 4.
For this review we focused on the website www.Forex4you.com; however, there are some services such as copy trading offered by www.Share4you (another E-Global Trade trademark) which are also covered in this review
Investor Protection & Regulations
Forex4 you is the trademark of E-Global Trade & Finance Group, Inc., a company based in the British Virgin Islands (BVI). This company was authorized and regulated by Financial Services Commission (FSC) from BVI.
Forex4you follows regulatory requirements that include:
- Holding customer funds in a segregated account from company funds.
- Providing negative balance protection policy and an annual audit by KPMG.
- Purchasing insurance from Nexus Underwriting Limited to protect your account against any security failure or negligence of the trading platform provider (such as Forex4 you).
Tradable Products
Forex4 you offers clients the ability to trade on more than 150+ markets. Some of the available markets for trading are Forex, indices, commodities and shares.
| FOREX | INDICES |
|---|---|
|
EURUSD |
UK100
|
|
GBPUSD
|
US500 |
|
USDJPY |
NAS100
|
|
EURJPY |
DAX30
|
|
Commodities |
Shares |
|
Brent Crude
|
Google |
|
Gold |
Facebook |
Trading costs for each type of account and the instruments traded are covered down below.
Forex4you is not just a company but also a trading platform that provides all of the essential tools required in order to trade Forex, Stocks, or Commodities with ease! You can sign up to their website and start trading as soon as you like after completing your registration form by uploading valid identification documents such as passport photo page, driver’s license, etc.
All transactions executed on Forex4you are through their secure SSL encrypted connection providing reassurance that customer data remains confidential at all times. Please note: Details about available assets taken from the Broker Forex4you website and trading platform were correct when this review was written; they may have changed since then.
Account Opening
Forex4you offers different account types depending on the customer’s situation – Cent accounts are available to clients who trade a minimum of $5,000/month. Classic accounts require no monthly transaction amount and come with all deposit fees being waived for the first 12 months; there is also an offer for free trading tools that can be used during this introductory period.
Cent NDD is just as it sounds-a Forex4you service where traders don’t have to deal with dealing desk charges, which you may get when using other brokers or investing platforms; finally, Pro STP features an even lower fee schedule than any other account type while having no restrictions in terms of withdrawal limits or timeframes between deposits and withdrawals.
In contrast, swap-free accounts are only available to predominantly Islamic countries though these accounts do not have commissions.
The broker doesn’t accept clients from the following regions:
UK, US, EEA/EU member countries, Japan, Singapore; Afghanistan- Bosnia and Herzegovina-Guyana-Iraq–Iran–Myanmar -Papua New Guinea -Syria – Yemen – Algeria Ecuador North Korea Andorra Somalia
Deposit & Withdrawals Options
There is not a single payment method that will work for everyone. Forex4you, however, offers many fee-free methods of payment: Debit/Credit Card and e-Wallets like Neteller, Skrill, and Webmoney.
Other deposit methods do include fees that are related to withdrawal fees in some cases; these include Perfect Money (fee), Fasapay (fee), Nganluong (no fee but requires ID verification) Bitpay (minimum $1 transaction with a 1% conversion charge), Docu(a minimum 0.5% commission on all transactions from customer’s bank account or credit card) Astropay ($2 per transaction plus 3% conversion charge).
Some other options for depositing and withdrawing funds through online broker include Netbanking/QR Code transfers in Asia as well as mobile payments such as Paytm India.
Information is subject to change. Refer to the website for recent updates. To deposit and withdraw funds, use the ‘Financial Operations’ button on the Trader Room.
Web & Desktop Trading Platforms
Broker Forex4you offers Windows, Mac, and Web clients the ability to trade on their proprietary trading platform that is also available for MetaTrader 4. Some of the features offered by Forex4you are shown below:
- Turbo Trader Platform: Their turbo trader platform is suitable for those who prefer a more professional style experience when executing trades. The design and layout make it easy to see all your positions at once, as well as quickly access up-to-date information about them
- MetaTrader 4 Desktop Software: For traders looking for a desktop software solution with rich functionality, the Forex4you MT4 desktop client will satisfy their needs. It includes advanced charting tools that enable you to know what’s happening in any time frame from one glance
Forex4you Web
- No download needed
- Multiple asset classes
- Incorporates TradingView Charts
- Can used on PC or Mac
Forex4you Desktop
- It is a downloadable trading platform that supports PC and Mac.
- The interface is simple enough for beginners, but it also has powerful tools and indicators so you can trade with the pros.
- You can even see when there are changes in trends through advanced charting capability.
Forex4you MetaTrader 4
- It is a fully customizable platform that comes equipped with multiple technical tools for automated trading and interactive charts.
- Maintains high performance on different devices
- Provides chat rooms to trade from
- Can be used as an individual or in cooperative teams
Mobile Trading Platforms
Forex4you offers customers the opportunity to trade and manage their account on the go with its Forex4you and MetaTrader 4 mobile trading apps. Features of both include.
- Trade & Manage Your Account On The Go
- Personalize Trading Preferences
Trading Features
Forex4you offers a variety of features, such as an AutoChartist plugin for MetaTrader 4 which allows users to access additional tools like risk calculators and market scanners. Plus this is on top of the additional services found in the MetaTrader Market place that can be accessed from the MT4 platform, with programming services for auto trading being one example.
Clients will also have access to copy trading offered by Share4you- clients can follow popular traders on Forex4you and once they decide to become leaders themselves, other traders may then copy their trades while paying them a commission each time they do so.
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 and inactive inactivity charges of 10 units of base currency after 24 months without trading can occur as well.
Bonus & Promotions
Forex4you offers multiple bonuses and promotions now including their Trading Hero Contest, 100% Deposit forex4you Bonus and 50% Cashback program. Each of these are set out in the following paragraphs:
- Trading Hero Contest: A monthly trading contest that rewards winners with cash prizes up to $400.
- 100% Deposit Bonus: A deposit bonus between 5-100%. There is no limit to how much you can receive a bonus for as there is no cap on this promotion.
- 50% Cashback Program: 50 percent cash back on trades, up to 10 Euro per lot traded when trading EUR/USD currency pairs (excluding current credit bonuses).
Customer Support
Forex 4you offers multilingual (English, Malay, Thai, Bahasa Indonesia, Hindi), 24/7 customer support via email and phone. Users can also call on the web-phone on website and submit tickets through their client portal.
Research
Forex 4you offers research material through their services, which are the following: news articles, analytics from Trading Central, WebTV with an economic calendar. Below is a brief summary of what these entail:
FXStreet News is a top ranked forex news service that provides analysis on the Forex Market. It has an Economic Calendar, which tells you about events and data releases impacting our global markets.
Trading Central offers technical analysis for six major currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD and AUDUSD. WebTV allows users to stream financial news online from Trading Central; AutoChartist is automated market scanning software proving live technical analysis across Forex Markets- clients can access services via their client portal whereas the Economic Calendar and WebTV can be accessed through FXStreet’s Education section of its website.
Trader Education
The Forex 4you website offers a variety of educational resources for traders. These include Trading School, MetaTrader 4 video tutorials, Seminars and trading articles. Below is an introduction to the different types of education available from Forex 4you.
- Trading school: This is complete 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: A collection of videos that show how to set up and use MetaTrader4 on PC, iOS (iPhone), and Android systems.
- Seminars: Forex4you provides in-person seminars through our partners and country offices around the world where qualified experts will guide you through the core principles of online forex trading.
- Articles and News: We are an information portal with articles and news on technical analysis, trading psychology, and the latest developments at Forex4you.
- Forex Calculator: Clients can also access a forex calculator that will calculate parameters such as contract size, margin, cost of a point and swap fees. It provides live spreads and limit & stop levels for all instruments too!
Trading Experience
Forex 4you offers a good service and clients can choose to trade with the broker’s commissions-free or commission-based. Clients have access to their proprietary trading platform for Windows, Mac, and Web as well as MetaTrader 4 platforms.
Share4you also offer a great value by allowing new traders to copy more experienced ones while enabling those who are experienced in Forex trading themselves an opportunity of earning additional revenue from all those who follow their signals.
The education material available is vast and informative with videos suitable for beginner traders, as well as advanced trading guides which are regularly updated so that they can be relevant at all times.
Conclusion
Forex4 you is a Forex, commodities, indices and share broker forex4 you established in 2007. It is licensed and regulated by the Financial Services Commission of the British Virgin Islands (BVI). The company offers clients access to over 150+ markets through its own proprietary trading platform as well as MetaTrader 4. This review focuses on www.Forex4you.com but also covers some services such as copy trading on www.Share4you from this website.
FAQ
It is in the British Virgin Islands, as a member of the Financial Services
First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, VG1110, British Virgin Islands
Forex4you makes money mainly through commissions, spreads and swaps on certain asset classes.
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.
The forex4you minimum deposit is $0 to open an account.
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.
The max leverage available is 1:1000 in most countries, and 1:2000 in Asia.
An account can be opened at the click of a button on the Forex4you website and can be done in just a few steps.
Yes, MetaTrader 4.
