Forex4U

Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.

AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverage1:2000
Minimum DepositNo minimum deposit (Cent Fixed Account)
Year Established2007
RegulationFinancial Services Commission (FSC) of the British Virgin Islands
Payment methodsBank wire transfers, credit/debit cards, e-wallets (Neteller, Skrill)
Publicly Traded
Employees>100
Type of BrokerForex and CFD broker
MT4
MT5
Trading AssetsForex, CFD stocks, indices, commodities, cryptocurrencies
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Accessibility: Forex4you offers a range of account types, catering to traders of all levels.
  • Technology: Utilizes MetaTrader 4, MetaTrader 5, and Share4you for an enhanced trading experience.
  • Regulation: Regulated by the Financial Services Commission (FSC) in the British Virgin Islands, ensuring client protection.
  • Education: Provides webinars, video tutorials, and market analysis for continuous learning.
Cons
  • Limited asset selection: Offers fewer trading instruments compared to some competitors.
  • Limited customer support: Some clients reported delays in customer support responses.
  • Availability: Not accessible in certain countries due to regulatory restrictions.

Introduction

In the dynamic realm of online trading, where precision and innovation intersect, Forex4you stands out as a beacon of reliability and user-friendly accessibility.

Established in 2007 by E-Global Trade & Finance Group, Inc., Forex4you has transcended mere brokerage status, evolving into a comprehensive platform that caters to the diverse needs of traders worldwide.

At the heart of Forex4you’s success is a commitment to innovation, evident in the introduction of Share4you—a pioneering social trading platform that redefines how traders, irrespective of their experience level, engage with financial markets.

Share4you goes beyond conventional trading platforms, fostering a collaborative ecosystem where users can seamlessly connect, learn, and replicate the strategies of seasoned investors.

Tools and Services

Forex4you’s journey is characterized not only by longevity, but by a continual quest to empower traders.

The platform doesn’t merely facilitate trades; it equips users with an array of tools and services that elevate their decision-making capabilities.

Real-time market data analysis, automated trading systems, and robust risk management tools are integral components that reflect Forex4you’s commitment to providing more than just a trading platform.

Visit Forex4U official website

Products Offered

Forex

Navigating the diverse world of Forex with Forex4you reveals a spectrum of currency pairs, from major to exotic combinations.

The platform enables traders to harness the inherent volatility of the forex market, empowering them to capitalize on both upward and downward price movements.

Stocks

The stock market offerings by Forex4you are expansive, offering nearly 100 stocks that allow traders to diversify their portfolios comprehensively.

The user-friendly trading platform, coupled with competitive spreads and low commissions, positions Forex4you as an excellent choice for those exploring the dynamics of stock trading.

Indices

With over 15 indices available, Forex4you empowers traders to diversify across various markets.

Indices, including the Dow Jones Industrial Average, S&P 500, and EURO STOXX 50, provide avenues for traders to capitalize on global market movements and sector-specific trends.

Commodities

Forex4you extends its product offerings to the commodities market, including silver, gold, and WTI.

Recognizing the historical significance of these commodities as stores of value, traders can strategically position themselves in these markets.

Cryptocurrencies

In acknowledgment of the surging interest in cryptocurrencies, Forex4you offers an extensive range of options.

From popular choices like Bitcoin and Ethereum to lesser-known altcoins, the platform caters to traders at all levels, enabling them to navigate the dynamic and ever-evolving cryptocurrency market.

Account Opening Process

The simplicity of the account opening process with Forex4you further enhances its user-friendly approach.

From visiting the website to completing the registration form and choosing an account type, the process is streamlined for both newcomers and experienced traders.

The mandatory account verification adds an extra layer of security, ensuring the integrity of the trading environment.

Open Account

Awards

Forex4you’s accolades, including “Best Transparent Broker 2022” and “Broker of the Year Asia 2021,” underscore its commitment to excellence.

Recognition from reputable entities such as FX Daily Info and International Investor Magazine further solidify Forex4you’s standing in the industry.

Bonus & Promotions

The bonus and promotion programs offered by Forex4you add an exciting dimension to the trading experience:

100% Deposit Bonus

The 100% deposit bonus program allows traders to double their capital, providing a lucrative opportunity to enhance their trading endeavors.

This bonus is particularly appealing for traders in specific regions, including Thailand, Vietnam, Malaysia, Indonesia, India, Nigeria, and the Philippines.

Check all Bonuses

50% Cashback Program

Forex4you’s 50% cashback program provides an avenue for traders to receive up to $10 back per lot on EUR/USD trades.

This offer, applicable to all countries and with no time limit, adds a valuable dimension to managing trading costs.

Refer a Friend

The refer-a-friend program encourages traders to share the benefits of Forex4you with their peers.

With a $50 reward for every successful registration, traders can spread their passion for trading and reap financial rewards.

Trust

Trust is a crucial factor in online trading, and Forex4you takes several measures to instill confidence in its clients:

  • Regulation: Being regulated by the Financial Services Commission (FSC) in the British Virgin Islands implies adherence to strict financial and operational requirements, providing clients with a sense of security.
  • Segregated Accounts: The practice of keeping client funds in segregated accounts ensures an additional layer of protection in the event of any financial challenges faced by the broker.
  • Negative Balance Protection: Forex4you’s commitment to protecting clients from potential losses exceeding their account balance showcases a client-centric approach.
  • Secure Payment Methods: The provision of secure payment methods, including advanced encryption technologies, safeguards clients’ financial information.
  • Account Verification: The mandatory verification process adds an extra layer of security, preventing fraud and ensuring the authenticity of clients.

Trading Platform

The robustness and versatility of Forex4you’s trading platforms contribute significantly to its positive reputation:

MetaTrader 4 (MT4)

As a widely used platform globally, MT4 provides traders with advanced charting tools, technical analysis indicators, and automated trading options.

The availability of both desktop and mobile versions enhances accessibility.

MetaTrader 5 (MT5) Demo

Building on the success of MT4, the MT5 demo offers additional features like advanced charting options and an economic calendar.

Forex4you ensures accessibility by providing both desktop and mobile versions.

Forex4you WebTrader

The online trading platform, Forex4you WebTrader, stands out for its accessibility.

Traders can access their accounts from any device with an internet connection, benefitting from real-time quotes, advanced charting tools, and technical analysis indicators.

Forex4you Desktop Platform

Designed for both Windows and macOS operating systems, the Forex4you desktop platform provides traders with the tools they need for informed decision-making.

Features like advanced charting tools, real-time news feeds, and automated trading capabilities contribute to a seamless trading experience.

Mobile Trading App

The proprietary mobile trading app for iOS and Android devices ensures that traders can stay connected to the markets on the go.

Real-time quotes, advanced charting tools, and one-click trading contribute to the effectiveness of the mobile trading experience.

Account Types

Forex4you caters to a diverse audience with various risk appetites through its range of account types:

  • Cent Fixed Account
  • Cent Pro Account
  • Classic Fixed Account
  • Classic Pro Account
  • Classic Standard Account

Each account type is designed to meet the specific needs of traders, offering flexibility and choice.

Click to see all the Account types offered

Cryptocurrency

While Forex4you ventures into the cryptocurrency market, the offering, with a score of 7/10, suggests room for further expansion and enhancement.

The inclusion of popular cryptocurrencies like Bitcoin and Ethereum is a positive step, but expanding the range could attract a broader audience interested in diverse digital assets.

Costs

The cost structure at Forex4you demonstrates flexibility, catering to different trader preferences:

Commission Structures

  • Cent Fixed, Classic Fixed, and Classic Standard Accounts: Commission-free trading.
  • Classic Pro and Cent Pro Accounts: Commissions apply.

Deposit and Withdrawal Fees

Deposits are generally free, offering flexibility to traders.

While some payment methods may have associated fees, the overall approach to withdrawals is mostly fee-free, with conditions aligned with the broker’s criteria.

Customer Support

Forex4you places a strong emphasis on customer support, recognizing its pivotal role in ensuring a positive trading experience:

  • 24/7 Live Chat: Accessibility to real-time support around the clock.
  • Email: A formal channel for communication.
  • Ticket System: Streamlining query resolution through an organized system.
  • Toll-Free Phone Numbers in 9 Languages: Recognizing the diversity of its user base, Forex4you provides toll-free support in nine languages.

This comprehensive customer support infrastructure positions Forex4you as a broker committed to assisting traders at every step of their journey.

Regulation

Forex4you’s commitment to regulatory compliance is underscored by its status as a regulated broker under the Financial Services Commission (FSC) of the British Virgin Islands.

This regulatory authority is renowned for upholding stringent standards in the financial services sector, ensuring that brokerages maintain transparency, financial stability, and fair business practices.

Adherence to Industry Best Practices

Forex4you’s affiliation with the FSC signifies its commitment to adhering to industry best practices.

The FSC, as a reputable regulatory body, sets benchmarks for financial institutions to safeguard the interests of clients and maintain the integrity of the financial markets.

Forex4you’s consistent compliance with these practices reinforces its dedication to providing a secure and trustworthy trading environment.

Undergoing Rigorous Independent Audits

The commitment to transparency goes beyond regulatory requirements, as Forex4you voluntarily subjects itself to rigorous independent audits.

These audits, often conducted by reputable accounting firms, verify the accuracy of financial records, ensuring that it maintains appropriate capitalization levels.

This proactive approach aligns with industry standards and serves as a testament to Forex4you’s commitment to accountability.

Strengthening Credibility Through Continuous Adherence

While the current regulatory score reflects a strong commitment, Forex4you understands that the journey to excellence is an ongoing process.

The broker recognizes the dynamic nature of the financial industry and the evolving regulatory landscape.

As such, Forex4you remains steadfast in its commitment to continuous adherence to regulatory standards.

Potential Expansion of Regulatory Coverage

A forward-looking stance involves considering avenues for the potential expansion of regulatory coverage.

While Forex4you’s current regulation under the FSC provides a solid foundation, it acknowledges the importance of exploring additional regulatory frameworks.

The pursuit of multiple regulatory licenses, aligning with various reputable authorities globally, can further enhance the broker’s credibility on a global scale.

This proactive strategy not only instills confidence in existing clients but also attracts new traders who prioritize a broker’s commitment to regulatory excellence.

In essence, Forex4you’s regulatory framework is not just a mandatory compliance measure; it is a cornerstone of the company’s commitment to maintaining the highest standards of integrity, security, and transparency.

By embracing continuous improvement and considering broader regulatory coverage, Forex4you aims to solidify its position as a trustworthy and credible partner in the dynamic world of online trading.

Traders can take confidence in the company’s proactive approach to regulatory matters, knowing that Forex4you is dedicated to upholding the highest standards of professionalism and ethical conduct

Conclusion

In the expansive realm of online trading, Forex4you emerges as a platform that not only meets but exceeds the expectations of traders.

Beyond providing a seamless and user-friendly interface, the platform equips traders with an array of tools and resources that foster informed decision-making.

The innovative Share4you social trading platform reflects a commitment to creating a collaborative trading community.

Forex4you’s recognition through various awards attests to its performance and reputation within the industry.

The bonus and promotion programs further sweeten the deal for traders, offering additional avenues for enhancing their trading capital.

Its commitment to transparency and client protection, evident through regulation, segregated accounts, and negative balance protection, instills trust among its user base.

The trading platforms offered by Forex4you cater to diverse preferences, from the widely used MetaTrader 4 to the advanced features of MetaTrader 5 and the accessibility of WebTrader.

The mobile trading app ensures that traders can engage with the markets anytime, anywhere.

With many account types, Forex4you accommodates different risk appetites, providing flexibility for traders at every level.

While the cryptocurrency offering is a positive step, there is room for expansion to capture the growing interest in digital assets.

In the realm of costs, Forex4you strikes a balance with commission-free accounts and low spreads.

The customer support infrastructure is robust, ensuring that traders receive assistance promptly and efficiently.

Regulation under the Financial Services Commission (FSC) adds a layer of credibility, although further expansion of regulatory coverage could bolster confidence among traders.

In conclusion, Forex4you stands as a reliable and innovative platform that caters to the diverse needs of traders.

Whether you are a novice venturing into the world of trading or an experienced investor seeking advanced tools, Forex4you offers a comprehensive and feature-rich trading experience.

As with any investment decision, traders are encouraged to conduct thorough research and consider their individual preferences and risk tolerance before engaging with the markets through Forex4you.

Visit Forex4U website

FAQ – Frequently Asked Questions

What is Forex4you, and when was it founded?
Forex4you is a forex and CFD broker founded in 2007 by E-Global Trade & Finance Group, Inc. The platform has evolved into a reliable and user-friendly online trading platform.
What makes Forex4you's social trading platform, Share4you, innovative?
Share4you is an innovative social trading platform that allows users to access financial markets with little to no trading experience. It fosters a collaborative environment where traders can connect, learn, and replicate strategies.
What financial instruments can I trade on Forex4you?
Forex4you offers a diverse range of trading instruments, including forex, CFD stocks, indices, cryptocurrencies, and commodities. This includes major, minor, and exotic currency pairs, an extensive list of stocks, various indices, and popular cryptocurrencies.
How can I open an account with Forex4you?
To open an account, visit the Forex4you website, click ‘Open Account,’ complete the registration form, choose your account type and currency, verify your account, and start trading.
What awards has Forex4you received for its performance?
Forex4you has been honored with awards such as Best Transparent Broker 2022, Best Women CEO in Performance, Broker of the Year Asia 2021, and numerous others recognizing its excellence in the industry.
What bonus and promotion programs does Forex4you offer?
Forex4you provides a ‘100% deposit bonus,’ a ‘50% cashback’ program, and a ‘refer a friend’ program, offering additional opportunities for traders to enhance their capital.
How secure are my funds with Forex4you?
Forex4you ensures the security of funds through regulation by the Financial Services Commission, segregated accounts, negative balance protection, and the use of secure payment methods.
What trading platforms are offered by Forex4you?
Forex4you offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and a proprietary desktop platform. Mobile trading is also supported with dedicated apps for iOS and Android.
Can I trade cryptocurrencies on Forex4you, and what options are available?
Yes, Forex4you provides a diverse range of cryptocurrency options, including popular choices like Bitcoin and Ethereum, as well as lesser-known altcoins, catering to traders at all levels in the dynamic cryptocurrency market.
How does Forex4you ensure regulatory compliance and transparency?
Forex4you is regulated by the Financial Services Commission (FSC) in the British Virgin Islands, adhering to industry best practices and subjecting itself to independent audits. This commitment to regulatory standards and transparency underscores the broker’s dedication to providing a secure and trustworthy trading environment for its clients.

Resources

Opinions of Forex4U

Excellent0%
Very good0%
Average0%
Poor0%
Terrible0%

User Reviews

There are no reviews yet. Be the first one to write one.

Write your opinion


Article written, edited and reviewed by

adam-rosen-brokfolio

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

emily-clark-brokfolio

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
Emily's work ethic? Oh, it's like a caffeine-fueled engine, chugging away with laser-sharp precision. Seriously, without her juggling skills, our growth wouldn't have hit turbo mode.
But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

4.2/5 - (264 votes)

Last updated: April 11, 2024