|Registered Country /Region
||British Virgin Islands
||BVI Financial Services Commission (FSC)
||MetaTrader 4, MetaTrader 5, Forex4you (Desktop & Webtrader)
||Forex, CFDs, Indices, Commodities, Stocks
||Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, Classic Standard
|Account Currency Options
||From 0.1 pips on EUR/USD for Cent Pro and Classic Pro account
||Vary depending on account types
|Deposits & Withdrawals
||VISA, MasterCard, WebMoney, Neteller, Skrill
||Email, Phone, Live Chat
||Daily market analysis, educational articles, webinars, and trading tools
*Note: The information may be subject to change, and it's recommended to check the official website for the most updated information.
Overview of Forex4you
Forex4you 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.
Forex4you'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 Forex4you 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, Forex4you 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.
Is Forex4you legit or a scam？
Yes, Forex4you 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.
Pros and Cons
Forex4you 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 Forex4you.
|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 Forex4you 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
Forex4you 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, Forex4you 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, Forex4you 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.
|Wide range of trading instruments
|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
Forex4you 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.
How to open an account？
To open an account with Forex4you, you will need to visit their website and follow the account opening process.
Go to their website and click on the “Open an Account” button.
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.
After that, you will need to verify your identity and address by providing copies of your ID card and utility bill.
Finally, you will need to fund your account to start trading. Forex4you offers several convenient payment methods, including credit/debit cards, bank transfers, and electronic wallets. Once your account is funded, you can start trading immediately.
Forex4you 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 Forex4you 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.
Spreads & Commissions (Trading Fees)
Forex4you 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.
Apart from trading fees, Forex4you 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, Forex4you 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, Forex4you 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.
Forex4you 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, Forex4you also offers its proprietary trading platform, Forex4you, which provides a seamless and user-friendly trading experience across all desktop and mobile devices.
Deposit & Withdrawal
Forex4you 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.
Forex4you, a forex broker, provides a range of bonus programs to enhance the trading experience for its clients. Two notable bonus offerings by Forex4you include the 100% deposit bonus and the 50% cashback program:
100% Deposit Bonus: Forex4you 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.
50% Cashback Program: Forex4you 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.
Forex4you 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. Forex4you'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
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
Forex4you 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, Forex4you 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. Forex4you also 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, Forex4you 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.
In conclusion, Forex4you 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. Forex4you 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.
Q: Is Forex4you regulated？
A: Yes, Forex4you is regulated by the Financial Services Commission (FSC) in the British Virgin Islands.
Q: What is the minimum deposit to open an account with Forex4you？
A: Forex4you do not have a minimum deposit requirement, meaning you can start trading with any amount you wish.
Q: What trading platforms does Forex4you offer？
A: Forex4you offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as the Forex4you proprietary platform, which is available on desktop and mobile devices.
Q: What is the maximum leverage offered by Forex4you？
A: Forex4you offers a maximum leverage of up to 1:1000, depending on the type of account you have.
Q: What educational resources does Forex4you offer？
A: Forex4you offers a range of educational resources, including articles, trading schools, video tutorials, webinars, and more, aimed at helping traders improve their skills and knowledge.