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Saxo , Markets4you Broker Comparison

Do you want to know which is the better broker between Saxo and Markets4you ?

In the table below, you can compare the features of Saxo , Markets4you side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Saxo
8.24
Regulated
Under guarantee
Above 20 years
ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP account,Classic account,Platinum account
--
£1,000,000
--
--
0.00
--
--
--
Markets4you
5.22
Offshore Regulatory
Under guarantee
--
15-20 years
FSC
VISA,Skrill,Neteller
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Classic Standard,Cent Pro,Classic Pro,Classic Fixed,Cent Fixed
--
0$
1:1000
from 0.9
20.00
--
0.01
--

Saxo 、 Markets4you BrokersRelevant information

Saxo 、 Markets4you BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of saxo, forex4you lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

saxo
Saxo Review Summary in 10 Points
Founded 1992
Headquarters Hellerup, Denmark
Regulation ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS
Market Instruments Forex, stocks, futures, options, bonds, ETFs and CFDs
Demo Account Available
Leverage 1:100
EUR/USD Spread 0.4 pips
Trading Platforms SaxoInvestor, SaxoTraderGO, SaxoTraderPRO
Minimum deposit HKD10,000
Customer Support 24/5 phone, email

What is Saxo?

Saxo is a Danish investment bank founded in 1992. It provides online trading and investment services in multiple assets, including stocks, bonds, forex, options, futures, and CFDs, through its proprietary trading platforms. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including the Danish Financial Supervisory Authority, the UK Financial Conduct Authority, and the Monetary Authority of Singapore. The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.

What Type of Broker is Saxo?

Saxo is a multi-asset broker that offers access to a wide range of financial instruments, including forex, stocks, bonds, ETFs, futures, options, and more. The broker provides trading services through its advanced trading platforms and caters to both retail and institutional clients. Saxo operates as a hybrid broker, offering both direct market access (DMA) and market making services.

Saxo's website

Pros & Cons

Saxo is a well-established and reputable broker with a range of trading platforms, instruments, and research tools.

However, the broker's high fees, minimum deposit requirement, and lack of negative balance protection may not be suitable for all traders. Additionally, some users have reported poor customer service experiences.

Pros Cons
• Wide range of financial instruments available • High minimum deposit requirement
• Access to multiple markets and exchanges • Fees and commissions may be higher than competitors
• User-friendly trading platforms • Inactivity fee for dormant accounts
• Advanced trading tools and research • Limited educational resources
• Regulated by top-tier financial authorities • Limited customer support options

Overall, it is important for traders to carefully consider their own needs and preferences before choosing Saxo or any other broker.

Saxo Alternative Brokers

There are many alternative brokers to Saxo, each with their own unique features and benefits. Some popular alternatives include:

  • Interactive Brokers: A well-established broker with a wide range of trading instruments and low commissions.

  • TD Ameritrade: Offers a powerful trading platform and a variety of educational resources.

  • E*TRADE: A popular broker with a user-friendly platform and no account minimums.

  • IG: A global leader in online trading, offering a wide range of markets and advanced trading tools.

  • Plus500: A broker known for its user-friendly platform and tight spreads.

Ultimately, the best alternative broker for you will depend on your specific trading needs and preferences. It's important to research and compare different brokers to find the one that best fits your individual needs.

Is Saxo Safe or Scam?

Saxo is a legitimate and reputable broker with a long track record of providing reliable trading services. It is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Danish Financial Supervisory Authority (DFSA). Additionally, Saxo is a member of several investor protection funds, such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients' funds up to a certain amount in case of the broker's insolvency. Therefore, based on its regulation and investor protection measures, Saxo can be considered a legitimate broker.

How are you protected?

Saxo is a regulated broker, with licenses from multiple reputable regulatory authorities and a long-standing history of providing financial services. The broker takes extensive measures to protect client funds, including segregating them from the company's assets and offering negative balance protection.

Additionally, Saxo offers various security features, such as two-factor authentication and encryption, to ensure secure trading.

More details can be found in the table below:

Security Measures Description
Regulation FSA, FINMA, FCA, ASIC, DFSA
Segregated Accounts Client funds are held in segregated bank accounts to protect them in case of insolvency.
Two-Factor Authentication As an extra layer of security for client accounts
SSL Encryption The Saxo website and platform are secured with SSL encryption to protect user data
Investor Compensation Scheme A member of the Danish Investor Compensation Scheme, which provides additional protection to clients in case of insolvency

It's important to note that while these measures provide some level of protection for clients, there is always some level of risk involved in trading financial instruments, and clients should always be aware of the risks before making any trades.

Our Conclusion on Saxo Reliability:

Based on the information available, Saxo appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years. However, we also find that some users complain about their bad experience with Saxo. Take care!

Market Instruments

Saxo offers a wide range of trading instruments across multiple asset classes, including

  • Forex: More than 180 currency pairs, including majors, minors, and exotics.

  • Stocks: Over 40,000 stocks from 36 global exchanges, including NYSE, NASDAQ, LSE, and more.

  • Futures: Over 200 futures and options across a variety of asset classes such as commodities, indices, and bonds.

  • Options: A wide range of options on stocks, indices, and futures.

  • Bonds: Trade a wide range of government and corporate bonds, including sovereign bonds from developed and emerging markets.

  • ETFs and CFDs: Access to over 3,000 ETFs and CFDs on indices, commodities, and stocks.

trading asset classes

Accounts

Saxo offers a range of account types designed to suit the different needs of its clients. The account types offered by Saxo are:

  • Classic Account: A traditional account with minimum funding of HKD10,000, which offers a range of trading tools and resources.

  • Platinum Account: A premium account for high-net-worth individuals, with a minimum funding requirement of HKD 1,500,000.

  • VIP Account: An exclusive account for ultra-high-net-worth individuals, with a minimum funding requirement of HKD 8,000,000.

account types
  • Islamic Account: A Sharia-compliant account for clients who follow Islamic finance principles.

  • Corporate Account: An account for companies, partnerships, and other legal entities.

  • Joint Account: An account for two or more individuals who want to trade together.

Each account type has its own unique features and benefits, such as lower pricing, higher leverage, and dedicated account managers. Saxo also offers a free demo account for clients to practice trading before committing to a live account.

Opening an account with Saxo Bank

It takes only about five minutes and a short online form to open an account. Clients will need to submit the standard verification documents required by KYC and AML rules, but the procedure should be quick and easy, and they will have access to their account in minutes.

open an account

Leverage

Saxo offers leverage up to 1:100 for forex trading. Professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.

However, the maximum leverage may vary depending on the instrument being traded and the client's location. It is important to note that trading with high leverage carries a higher level of risk, and traders should always exercise caution and use risk management strategies.

Spreads & Commissions

Saxo offers variable spreads, which means that the spreads can change depending on market conditions. The typical minimum spreads for popular instruments are as follows:

EUR/USD: 0.4 pips

USD/JPY: 0.6 pips

GBP/USD: 0.9 pips

AUD/USD: 0.6 pips

USD/CHF: 1.2 pips

USD/CAD: 1.5 pips

Saxo also charges commissions on some products, including stocks, ETFs, and futures. The commission fees vary depending on the specific market and the size of the trade. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission per lot
Saxo 0.4 pips $3
Interactive Brokers 0.1 pips $2
TD Ameritrade 0.7 pips free
E*TRADE 1.0 pips free
IG 0.75 pips free
Plus500 0.8 pips free

Please note that commission rates may vary depending on the specific account type and trading volume. Additionally, some brokers may offer different spreads and commissions for other currency pairs or financial instruments. It's important to do your own research and carefully consider the costs and fees of each broker before making a decision.

Trading Platforms

Saxo offers its own proprietary trading platform called SaxoTraderGO. It is a web-based platform that can be accessed from any device with an internet connection. In addition to SaxoTraderGO, Saxo also offers SaxoTraderPRO, a desktop-based trading platform that is designed for advanced traders who require additional functionality.

SaxoTraderGO is highly customizable, allowing traders to arrange the interface to suit their preferences. It provides access to a wide range of trading tools and features, including charting tools, technical analysis indicators, and news feeds. The platform also includes a comprehensive range of order types, including market, limit, stop, and trailing stop orders.

SaxoTraderGO

SaxoTraderPRO is a professional-grade trading platform that offers advanced trading tools and features. It is designed for active traders and includes a range of tools that allow traders to monitor multiple markets and instruments simultaneously. The platform also includes advanced charting tools and a range of order types, including conditional orders and algorithmic trading capabilities.

SaxoTraderPRO

Saxo also offers SaxoInvestor, which is a user-friendly trading platform suitable for beginner investors who are interested in a wide range of asset classes. It provides a simple and intuitive interface with basic research tools and features, making it easy for investors to buy and sell stocks, ETFs, bonds, and mutual funds. However, advanced traders may find the platform's lack of advanced tools and customization options limiting.

SaxoInvestor

Overall, Saxo's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform
Saxo SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
Interactive Brokers Trader Workstation, WebTrader, IBKR Mobile
TD Ameritrade Thinkorswim, Web Platform, TD Ameritrade Mobile App
E*TRADE Power E*TRADE, E*TRADE Web, E*TRADE Mobile
IG IG Trading Platform, IG Web Platform, IG Trading App
Plus500 Plus500 WebTrader, Plus500 Mobile App

Deposits & Withdrawals

Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for deposits and withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.

Minimum deposit requirement

Saxo has different minimum deposit requirements depending on the type of account you open and your country of residence. For example, the minimum deposit for the Classic account is HKD10,000.

However, these amounts can vary depending on your location and the specific account type. It's important to check with Saxo directly or on their website for the most up-to-date information on minimum deposit requirements.

Saxo minimum deposit vs other brokers

Saxo Most other
Minimum Deposit HKD10,000 $100

Saxo Money Withdrawal

To withdraw funds from your Saxo account, you need to follow these steps:

Step 1: Log in to your Saxo account using your credentials.

Step 2: Click on the “Account” tab located on the top right corner of the screen.

Step 3: Click on “Withdraw Funds” from the account menu options.

Step 4: Select the account you wish to withdraw funds from, enter the amount you want to withdraw, and select the currency you want to withdraw in.

Step 5: Choose the preferred withdrawal method from the available options and provide the necessary details such as bank account information or credit/debit card information.

Step 6: Review the details of your withdrawal request and click on “Submit.”

Note that Saxo may require additional verification or documentation before processing your withdrawal request. The processing time for withdrawals may vary depending on the chosen method and your bank's processing time.

Fees

Swap costs, sometimes called overnight fees, are assessed on overnight open positions at Saxo Bank. These are expressed as interest and, depending on the trader's position, might be either charged to or credited to his or her account.

Traders of the Muslim faith, for whom the payment of interest is forbidden, are out of luck with Saxo Bank because they don't have the option of opening an Islamic account. With the wide variety of deposit currencies offered by Saxo Bank, customers will have a decreased chance of incurring conversion fees.

Amounts credited to your account are converted from their original currency at the mid-point FX Spot rate plus/minus the margins and spreads indicated below. This includes both trading fees and profits/losses incurred as a result of your trading activities.

Fees for account inactivity are also a reality for inactive accounts. After the initial six months, the rate increased to $150, which is quite a bit.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
Saxo Free Free $150 after six months of inactivity
Interactive Brokers Free $0-$10 $20/month if account balance < $2,000
TD Ameritrade Free Free Free
E*TRADE Free $0-$25 Free
IG Free Free $18/month after 24 months of inactivity
Plus500 Free Free $10/month after 3 months of inactivity

Customer Service

Saxo provides customer support through several channels, including phone, email, and social media (Facebook, LinkedIn, Twitter and YouTube). The broker offers 24/5 customer service in multiple languages, including English, Chinese, French, German, Italian, Japanese, Portuguese, and Spanish.

social networks

Saxo also provides a comprehensive help center on its website that includes an extensive knowledge base, FAQs, trading guides, and video tutorials. The broker's customer service is generally considered to be of high quality, with knowledgeable representatives who are responsive and helpful.

FAQs
Pros Cons
• 24/5 customer service through multiple channels • No 24/7 support service
• Dedicated support for VIP clients • Phone support may have long wait times
• Extensive FAQ section on the website • No dedicated account manager for non-VIP clients
• Personalized support for complex trading needs • No local offices in some countries
• Multilingual support available for non-English users

Note: These pros and cons are subjective and may vary depending on the individual's experience with Saxo's customer service.

Education

Saxo Bank provides excellent market research in addition to a wealth of instructional resources like video courses, webinars, and events. Saxo Bank's SaxoStrats Experts group consists of eight analysts and strategists who are tasked with providing coverage of the various asset classes available to customers. It's apparent that this broker places a high value on its research team and recognizes the significance of this service, both for its clients and as a global investment bank. The classes are a wonderful way for newcomers to get their feet wet and become acquainted with the resources that are at their disposal. Videos are easy to follow and understand, helping novice traders quickly get up to speed and lay a solid groundwork from which to expand their knowledge. Saxo Bank specialists will be hosting webinars.

Conclusion

In conclusion, Saxo is a well-established broker. The broker offers a wide range of trading instruments, including forex, stocks, options, futures, and CFDs, and provides access to various markets worldwide. Saxo also offers an advanced trading platform and a user-friendly mobile app, making it easy for traders to access the markets on the go.

While Saxo has some of the highest fees in the industry, the broker's competitive spreads and tight execution make it a popular choice for traders. Additionally, Saxo's robust educational resources and customer support make it an ideal choice for traders of all skill levels who want to improve their knowledge and skills in trading.

Overall, Saxo is a multi-asset broker that offers a comprehensive suite of trading tools and services to help traders achieve their investment goals. However, potential clients should carefully consider the fees and minimum deposit requirements before opening an account. Also, dont forget check their user reviews on the Internet.

Frequently Asked Questions (FAQs)

Q 1: Is Saxo regulated?
A 1: Yes. It is regulated by ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS.
Q 2: Does Saxo offer demo accounts?
A 2: Yes.
Q 3: Does Saxo offer the industry-standard MT4 & MT5?
A 3: No. Instead, it offers SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO.
Q 4: What is the minimum deposit for Saxo?
A 4: The minimum initial deposit to open an account isHKD10,000.
Q 5: Is Saxo a good broker for beginners?
A 5: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
forex4you
Markets4you Basic Infromation
Registered Country British Virgin Islands
Founded in 2007
Regulation BVI Financial Services Commission (FSC)
Platforms MetaTrader 4, MetaTrader 5, Markets4you (Desktop & Webtrader)
Trading Instruments Forex, CFDs, Indices, Commodities, Stocks
Minimum Deposit $0
Maximum Leverage 1:1000
Account Types Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, Classic Standard
Account Currency Options USD, EUR
Spreads From 0.1 pips on EUR/USD for Cent Pro and Classic Pro account
Commission Vary depending on account types
Demo Account Available
Islamic Account No
Deposits & Withdrawals VISA, MasterCard, WebMoney, Neteller, Skrill
Customer Support Email, Phone, Live Chat
Education Resources Daily market analysis, educational articles, webinars, and trading tools
Bonuses Program Yes

*Note: The information may be subject to change, and it's recommended to check the official website for the most updated information.

Overview of Markets4you

Markets4you is a popular forex broker that operates globally, with its headquarters located in the British Virgin Islands. The broker has been providing forex trading services since 2007, offering a wide range of trading instruments, including forex, stocks, commodities, and indices, and it prides itself on offering its clients competitive trading conditions, advanced trading tools, and exceptional customer support.

The broker offers various types of trading accounts, including Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, Classic Standard, with no minimum deposit required. These accounts differ in terms of their leverage, and spreads, and maximum leverage can be adjusted up to 1:1000.

Markets4you's commitment to innovation and convenience is evident in its trading platforms, which include the popular MetaTrader 4 platform, MetaTrader 5 platform, as well as the proprietary Markets4you platform. Both platforms are user-friendly and offer a range of advanced features, including real-time charts, technical analysis tools, and a variety of order types.

In terms of customer support, Markets4you provides a 24/7 customer service team that can be reached via live chat, email, or phone. The broker also offers multilingual support in a variety of languages, including English, Russian, Chinese, and Spanish.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

basic-info

Is Markets4you legit or a scam?

Yes, Markets4you is regulated. The broker is licensed and regulated by the Financial Services Commission (FSC) of the British Virgin Islands, an offshore regulated body, under registration number SIBA/L/12/1027.

Traders may prefer brokers regulated by more established and well-known regulatory bodies, such as the FCA or ASIC. Offshore regulation, in most cases, can still provide a level of security for traders, as brokers are still required to adhere to certain regulatory standards and comply with the laws of the country where they are registered.

regulation

Pros and Cons

Markets4you offers several advantages such as a wide range of trading accounts, user-friendly platforms, no minimum deposit requirements, and several educational resources. However, there are also some disadvantages, including a limited number of tradable assets, high trading fees for some accounts, and no support for popular e-wallet payment methods. Potential clients should weigh these pros and cons before deciding to open an account with Markets4you.

Pros Cons
  • Low minimum deposit requirement
  • Limited range of tradable instruments
  • Multiple account types to suit different traders
  • Offshore regulation (only)
  • No minimum deposit requirements
  • Limited educational resources
  • Generous leverage up to 1:1000
  • Limited deposit and withdrawal options
  • Access to multiple popular trading platforms, MT4, MT5 and Markets4you trading platform
  • Limited customer support options outside of standard business hours
  • Copy trading and PAMM investment options
  • No inactivity fees
  • Bonuses and Promotions offered
  • Multiple customer support channels

Market Intruments

Markets4you is a broker that provides traders with an impressive range of 150 trading instruments, which is a testament to its commitment to meeting the diverse needs of its clients. The broker offers 50 currency pairs, which include majors, minors, and exotics, enabling traders to trade on popular pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as lesser-known pairs. Furthermore, Markets4you allows traders to trade commodities such as gold, brent, and wti, making it a great choice for those who wish to diversify their portfolios. Additionally, the broker provides traders with access to 12 major indices, which include the S&P 500, NASDAQ, FTSE 100, and more, giving them the opportunity to take advantage of the stock market's volatility. Finally, Markets4you offers over 50 company stocks that span different sectors such as technology, healthcare, and energy, among others, which can help traders to build a well-rounded portfolio.

market-instruments
Pros Cons
  • Wide range of trading instruments
  • No cryptocurrencies
  • Availability of exotic currency pairs
  • No trading in futures or options
  • Competitive spreads on major currency pairs
  • Limited selection of individual stocks
  • Availability of commodity trading
  • Limited selection of bonds and fixed income assets
  • Access to global stock indices
  • No trading in ETFs or mutual funds
  • High leverage options available up to 1:1000
  • Limited selection of metals
  • Access to Copy Trading and PAMM services

Account Types

Markets4you offers a variety of account types to cater to different trading needs and preferences of their clients. These account types include Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, and Classic Standard. The Cent Fixed and Classic Fixed accounts are ideal for beginners or those who want to start trading with small amounts, as they offer fixed spreads and require no minimum deposit. The Cent Pro and Classic Pro accounts, on the other hand, are designed for more experienced traders who want to trade with higher volumes and lower spreads. The Classic Standard account is the most versatile of all, providing traders with variable spreads and allowing them to trade with any amount of deposit.

With these account types, traders have the flexibility to choose the one that best suits their trading style and objectives. The absence of a minimum deposit requirement in all account types is particularly attractive, as it allows traders to start trading with any amount they feel comfortable with.

account-types

How to open an account?

To open an account with Markets4you, you will need to visit their website and follow the account opening process.

  1. Go to their website and click on the “Open an Account” button.

open-account

2. Then, you'll need to fill out some basic information, like your name and email address. After that, just follow the steps to verify your account.

open-account

3. After that, you will need to verify your identity and address by providing copies of your ID card and utility bill.

4. Finally, you will need to fund your account to start trading. Markets4you offers several convenient payment methods, including credit/debit cards, bank transfers, and electronic wallets. Once your account is funded, you can start trading immediately.

Leverage

Markets4you offers a maximum leverage of up to 1:1000, although it depends on the account entity. This means that traders can potentially amplify their profits up to 1000 times. However, it's important to remember that high leverage also comes with a higher risk of loss, and traders should carefully consider their risk management strategy before trading with high leverage.

However, its worth mentioning that in the homepage of Markets4you the highest leverage is 1:2000, while in the account types the maximum amount is only 1:1000. You may consult the customer support to verify the specific condition.

leverage

Spreads & Commissions (Trading Fees)

Markets4you offers a diverse range of account types that cater to the varied trading needs of its clients. The Cent Fixed and Classic Fixed account types are suitable for novice traders as they offer comparatively wider spreads of 2 pips with no commission charged. On the other hand, experienced traders can opt for the Cent Pro and Classic Pro account types, which offer tighter spreads from 0.1 pips with a commission of $10 cents and $8 cents per lot respectively. The Classic Standard account type is another option available for traders looking for tighter spreads of 0.9 pips with no commission charged.

Spreads and commissions are subject to change based on market conditions and volatility. Therefore, traders are advised to keep a close eye on the current trading fees and account terms and conditions before making any trades.

Spreads & Commissions
spread-commission

Non-Trading Fees

Apart from trading fees, Markets4you also charges some non-trading fees. One of the most significant non-trading fees is the inactivity fee. If you do not trade for 90 consecutive days, Markets4you will charge an inactivity fee of $10 per month until you resume trading or your account balance is zero. Another non-trading fee that you may encounter is the withdrawal fee, which varies depending on the payment method you choose. For example, if you withdraw funds using a bank wire transfer, Markets4you will charge a fee of $10. Additionally, if you use a payment system like Skrill or Neteller, you may be subject to a fee of up to 3.5% of the transaction amount. Therefore, it is essential to consider these non-trading fees when choosing a payment method and managing your account to avoid unnecessary charges.

Trading Platforms

Markets4you offers multiple trading platforms, including popular and well-established MetaTrader 4 and MetaTrader 5 trading platforms, which provide a stable and robust trading experience for both novice and experienced traders. These platforms are renowned for their advanced charting and analytical tools, multiple order types, and customizable interface, which can be tailored to suit the preferences of individual traders. Additionally, Markets4you also offers its proprietary trading platform, Markets4you, which provides a seamless and user-friendly trading experience across all desktop and mobile devices.

Trading Platforms

Deposit & Withdrawal

Markets4you offers several payment methods for both deposit and withdrawal, making it easier for clients to manage their funds. The available payment methods include Skrill, Neteller, WebMoney, Visa, and Mastercard. The minimum deposit amount varies depending on the chosen payment method. For Skrill, Neteller, and WebMoney, the minimum deposit amount is $1. For Visa and Mastercard, the minimum deposit amount is $10.

Withdrawals can be processed through the same payment methods as deposits. Withdrawals via e-wallets like Skrill, Neteller, and WebMoney are processed within 24 hours, while withdrawals via Visa and Mastercard take 2-5 business days to process. The minimum withdrawal amount for e-wallets is $1, and for Visa and Mastercard, it is $10. There are no withdrawal fees for all payment methods.

Before withdrawing funds, clients need to verify their accounts by submitting the necessary documents for verification. The verification process typically takes up to 1 business day, after which clients can proceed with their withdrawals.

deposit-withdrawal

Bonuses Offered

Markets4you, a forex broker, provides a range of bonus programs to enhance the trading experience for its clients. Two notable bonus offerings by Markets4you include the 100% deposit bonus and the 50% cashback program:

100% Deposit Bonus: Markets4you offers a generous 100% deposit bonus to eligible clients. This bonus provides traders with additional trading capital by matching their deposit amount. For example, if a client deposits $500, they will receive an additional $500 as a bonus, effectively doubling their trading funds. This bonus can be a valuable tool for increasing trading potential and exploring new opportunities in the market.

bonus-offered

50% Cashback Program: Markets4you also features a 50% cashback program. Under this program, traders can earn a cashback on their trading volume. The cashback is a percentage of the spread or commission paid on each trade, depending on the specific account type and trading conditions. This cashback is credited back to the client's account, providing an additional financial benefit and reducing the overall trading costs.

bonus-offered

Customer Support

Markets4you offers customer support via various channels to assist their clients with any inquiries or issues they may have. The broker has a responsive and knowledgeable support team that is available 24/7 to assist clients. Markets4you's customer support can be reached via email, phone, live chat, and even social media platforms such as Facebook and Twitter. Additionally, the broker provides a comprehensive FAQ section on their website, which covers a wide range of topics and may answer many common questions that clients have.

Below are the details about the customer service.

  • Language(s): English, melayu, Chinese, Thai language, Vietnamese, Bengali, Indian

  • Service Hours: 24/7

  • Email: info@forex4you.com

  • Phone Number: +44 330 027 1824

  • Address: First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands

  • Social media: Facebook, Instagram, YouTube

customer-support
customer-support

Educational Resources

Markets4you provides a range of educational resources to help traders improve their trading skills and knowledge. The broker offers a variety of articles covering different topics related to forex trading, including technical analysis, fundamental analysis, and trading strategies. Additionally, Markets4you has a trading school that provides a comprehensive course on forex trading, suitable for both beginners and advanced traders.

Video tutorials are also available to help traders understand the different aspects of trading, such as how to use the trading platform and how to perform technical analysis. Markets4youalso conducts webinars and seminars, which are led by experienced traders and cover a wide range of topics, such as trading psychology, risk management, and market analysis.

Moreover, Markets4you provides an economic calendar that displays important economic events and their impact on the financial markets. Traders can use this tool to stay up-to-date with the latest news and plan their trades accordingly.

educational-resources
educational-resources

Conclusion

In conclusion, Markets4you is an offshore-regulated forex broker that offers a wide range of trading instruments, including forex, commodities, indices, and stocks. The broker has a variety of account types that cater to different trading needs, with no minimum deposit required. Markets4you offers high leverage up to 1:1000, and competitive spreads starting from 0.1 pips with some of their account types. The broker also offers excellent customer support and a variety of educational resources to help traders improve their skills and knowledge.

However, there are some limitations, such as the lack of regulatory oversight from a top-tier regulatory body and the limited availability of certain payment options.

FAQs

Q: Is Markets4you regulated?

A: Yes, Markets4you is regulated by the Financial Services Commission (FSC) in the British Virgin Islands.

Q: What is the minimum deposit to open an account with Markets4you?

A: Markets4you do not have a minimum deposit requirement, meaning you can start trading with any amount you wish.

Q: What trading platforms does Markets4you offer?

A: Markets4you offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the Markets4you proprietary platform, which is available on desktop and mobile devices.

Q: What is the maximum leverage offered by Markets4you?

A: Markets4you offers a maximum leverage of up to 1:1000, depending on the type of account you have.

Q: What educational resources does Markets4you offer?

A: Markets4you offers a range of educational resources, including articles, trading schools, video tutorials, webinars, and more, aimed at helping traders improve their skills and knowledge.

Are the transaction costs and expenses of saxo, forex4you lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive saxo and forex4you are, we first considered common fees for standard accounts. On saxo, the average spread for the EUR/USD currency pair is -- pips, while on forex4you the spread is from 0.9.

Which broker between saxo, forex4you is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

saxo is regulated by ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC. forex4you is regulated by FSC.

Which broker between saxo, forex4you provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

saxo provides trading platform including VIP account,Classic account,Platinum account and trading variety including --. forex4you provides trading platform including Classic Standard,Cent Pro,Classic Pro,Classic Fixed,Cent Fixed and trading variety including --.

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