Forex4you is a popular online broker that's been making waves in the industry since 2007. This platform offers a user-friendly experience for traders of all levels, from beginners to seasoned pros. With access to over 50 currency pairs, stocks, indices, and commodities, Forex4you provides a diverse range of trading options. What sets them apart? Their innovative social trading platform, Share4you, allows novice traders to copy the strategies of experienced investors. Plus, their proprietary MarketPlace technology ensures you get the best available prices.
What is Forex4you all about?
Forex4you is an international online forex broker that has been providing trading services since 2007. As part of the E-Global Trade & Finance Group, Inc., Forex4you is registered in the British Virgin Islands and regulated by the British Virgin Islands Financial Services Commission (BVI FSC).
Forex4you has achieved significant milestones, executing over 1 billion orders and paying out more than $26 million in commissions to partners. The company prides itself on innovation, honesty, competence, and building long-term relationships with clients. In 2020, Forex4you was named the “Best Forex Broker Asia” by the Global Banking & Finance Review.
| Key feature | Details |
|---|---|
| Regulations | BVI FSC (Virgin Islands, British) |
| Supported Languages | English, Hindi, Malaysian, Thai, Indonesian, Vietnamese |
| Products | Currencies, Stocks, Crypto, Indices, Commodities |
| Min Deposit | $0 |
| Max Leverage | 1:1000 (BVI FSC) |
| Trading Desk Type | Dealing Desk, No dealing desk |
| Trading Platforms | Proprietary, MT4 |
| Deposit Options | Neteller, Webmoney, Skrill, Visa |
| Withdrawal Options | Neteller, Webmoney, Skrill, Visa |
| Demo Account | Yes |
| Foundation Year | 2007 |
| Headquarters Country | Virgin Islands, British |
What are the Account Types provided by Forex4you?
Forex4you offers a variety of account types to cater to the needs of different traders. The main account types include Cent Fixed, Cent Pro, Classic Fixed, Classic Pro, Classic Standard, and Demo.
1. Cent Fixed
The Cent Fixed account is designed for beginners, offering instant execution, leverage from 1:10 to 1:4000, and a minimum deposit of $0. The forex contract size is 1 lot = 1,000, with a minimum trade volume of 0.01 lot. This account features fixed spreads from 2 pips and no commission. It is also available for the Share4you copy trading service.
2. Cent Pro
For those who prefer market execution, the Cent Pro account is an excellent choice. It offers leverage from 1:10 to 1:4000, a minimum deposit of $0, and a forex contract size of 1 lot = 1,000. The minimum trade volume is 0.01 lot, with floating spreads from 0.1 pip and a commission of 10 cents per lot. This account is ideal for beginners wanting to test the service or an expert advisor and is available for the Share4you copy trading service.
3. Classic Fixed
The Classic Fixed account is the most popular choice among traders with some experience who are ready to trade without assistance. It offers instant execution, leverage from 1:10 to 1:4000, and a minimum deposit of $0. The forex contract size is 1 lot = 100,000, with a minimum trade volume of 0.01 lot. Fixed spreads start from 2 pips, and there is no commission. This account is available for the Share4you copy trading service.
4. Classic Pro
For traders seeking market execution with standard lot sizes, the Classic Pro account is a suitable option. It offers leverage from 1:10 to 1:4000, a minimum deposit of $0, and a forex contract size of 1 lot = 100,000. The minimum trade volume is 0.01 lot, with floating spreads from 0.1 pip and a commission of $8 per lot. This account is also available for the Share4you copy trading service.
5. Classic Standard
The Classic Standard account is designed for traders dealing with large volumes and using expert advisors. It features market execution, leverage from 1:10 to 1:4000, and a minimum deposit of $0. The forex contract size is 1 lot = 100,000, with a minimum trade volume of 0.01 lot. Floating spreads start from 0.9 pip, and there is no commission. However, this account is not available for the Share4you copy trading service.
6. Demo Account
Forex4you also offers a Demo account for traders who want to test the broker's trading features before signing up for a live account. This free account allows traders to familiarize themselves with the trading platforms and conditions without risking real money.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Cent Fixed | $0 | 1:1000 | From 2 pips | No |
| Classic Fixed | $0 | 1:1000 | From 2 pips | No |
| Cent Pro | $0 | 1:1000 | From 0.1 pip | 10 cents/lot |
| Classic Pro | $0 | 1:1000 | From 0.1 pip | $8/lot |
| Classic Standard | $0 | 1:1000 | From 0.9 pip | No |
Trading Platforms | Versatility at Your Fingertips
Forex4you understands that every trader has unique preferences when it comes to trading platforms.
That's why they offer a wide range of options to cater to all types of traders:
- MetaTrader 4 (MT4):
The most popular trading platform in the world, MT4 is known for its user-friendly interface, advanced charting tools, and extensive customization options. Forex4you offers MT4 on desktop, web, and mobile devices, ensuring that you can trade on the go.
- Forex4you WebTrader:
For those who prefer a web-based trading experience, Forex4you's proprietary WebTrader platform is an excellent choice. With its intuitive design and powerful features, you can easily access your trading account from any web browser.
- Forex4you Mobile:
Stay connected to the markets with Forex4you's mobile trading app, available for both iOS and Android devices. The app offers a seamless trading experience with real-time quotes, one-click trading, and advanced charting capabilities.
- Forex4you Desktop:
If you prefer a downloadable platform, Forex4you's Desktop platform is perfect for you. Available for both Windows and macOS, this platform offers a smooth trading experience packed with features.
Deposits and Withdrawals | Quick and Secure
Forex4you supports a wide range of deposit and withdrawal methods, ensuring that you can easily manage your funds:
Forex4you does not charge any fees for deposits or withdrawals. However, some payment providers may impose their own fees. Withdrawal requests are processed within 8 hours on average, ensuring that you receive your funds quickly.
Asset Classes | A World of Trading Opportunities
Forex4you offers the following main asset classes for trading:
- Forex:
Forex4you provides access to over 50 currency pairs, including major, minor, and exotic pairs. Traders can speculate on the price movements of these currency pairs and take advantage of the highly liquid forex market.
- Commodities:
Traders can access popular commodities such as gold, Brent crude oil, WTI crude oil, and more. Commodities trading allows investors to diversify their portfolios and hedge against inflation or market volatility.
- Indices:
Offers trading on more than 15 major global indices, such as the S&P 500, FTSE 100, DAX 30, and others. Index trading enables traders to gain exposure to entire market sectors or economies without having to invest in individual stocks.
- Stocks:
The broker provides access to more than 50 popular stocks from leading companies worldwide. Stock trading allows investors to participate in the growth and profitability of individual companies across various sectors.
| Asset Class | Number of Instruments |
|---|---|
| Forex | 50+ currency pairs |
| Commodities | Gold, Brent, WTI, etc. |
| Indices | 15+ major indices |
| Stocks | 50+ company stocks |
Common Queries Related to Forex4you
Who can become a Forex4you Client?
Anyone can become a Forex4you client, except for residents of certain countries, including the United Kingdom, Latvia, Japan, Singapore, the United States, and European Economic Area residents.
How do I verify my account with Forex4you?
To verify your account, you need to provide two documents: proof of identity (ID card, passport, or driver's license) and proof of residence (utility bill or bank statement).
What are the minimum lot Sizes and Steps for Trading with Forex4you?
For Cent accounts, the minimum lot and step in the trading terminal are equal to 0.0001. For Classic accounts, the minimum lot is 0.01, and the minimum step is 0.01.
What is the Leverage offered by Forex4you?
Offers leverage based on the equity of your trading account, ranging from 1:1000 for accounts with equity up to $10,000 to 1:100 for accounts with equity of $250,000 and more.
How can I deposit funds into my Forex4you Account?
To deposit funds, log in to your Trader Room, go to ‘My funds,' click on ‘Deposit,' choose your preferred payment method, enter the amount, and confirm the transaction.
What are the Forex market opening hours for Forex4you?
The Forex market opening hours for Forex4you are from 00:00:01 Monday to 23:00:00 on Friday.
How can I contact Forex4you's Customer Support?
You can contact Forex4you's customer support via live chat, email (info@forex4you.com), or telephone. The broker offers multilingual support 24/7.
Conclusion | A Reliable Partner for Your Trading Journey
Forex4you caters to both novice and experienced traders. The broker's commitment to transparency, customer support, and long-term relationships has earned it a generally positive reputation among clients. While some users have reported issues with leverage changes and order closures, Forex4you remains a solid choice for those seeking a well-rounded trading experience, particularly with its unique features like the Share4you social trading platform and the user-friendly mobile app.
