Overall Forex4you can be described as low risk and has an overall rating of 7 out of 10. Forex4you offers a maximum leverage ratio of 1:1000 with no minimum deposit amount required to open an account and is regulated by BVI and FSC.
Forex4You at a glance
| 🔍 Broker's Name | Forex4you |
| 📍 Headquartered | British Virgin Islands |
| 📅 Year Founded | 2007 |
| ⚖️ Regulating Authorities | BVI FSC |
| 🌐 Countries not accepted for trade | United States, Japan, Canada, Australia, , Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, , Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 🚀 Sign up bonus | Yes |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | · Bank wire transfer · Credit and debit cards · Neteller · Skrill · WebMoney |
| 💳 Withdrawal Options | · Bank wire transfer · Credit and debit cards · Neteller · Skrill · WebMoney |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | · Forex Currency pairs · CFDs · Commodities, and · Indices |
| 👨💼 Languages supported on Website | Multiple |
| 👥 Customer Support Languages | Multiple |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Forex4you Review – 19 key points quick overview:
Forex4You at a glance- Forex4you Overview
- Forex4you Safety and Security
- Forex4you Sign-up Bonus
- Forex4you Minimum Deposit
- Step by step guide to deposit the minimum amount
- Forex4You Account Types
- Forex4You Account Features
- Forex4you Demo Account Features
- How to set up a Demo Account – Step by Step
- Forex4you Trading platforms
- Forex4you Fees and Spreads
- Forex4you vs Fibo Group vs FXGT – A Comparison
- Forex4you Current Popularity Trend
- Forex4you Customer Reviews
- Pro and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
Min Deposit
USD 0
Regulators
BVI FSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex4you Overview
According to research in South Africa, Forex4you is an offshore broker based in the British Virgin Islands which was launched in 2007 as a trademark under which E-Global Trade & Finance Group, Inc. launched online trading services.
Forex4you offers traders over 150 tradeable instruments which include several currency pairs, indices, stocks, commodities as well as cryptocurrencies. In addition, Forex4you also provides traders with a variety of account types and use of reliable trading platforms.
Not only does Forex4you cater for professional and advanced traders, but for beginners as well. Forex4you is transparent in offering a full insight pertaining to server uptimes, order execution speeds and the provision of relevant statistics.
Forex4you Safety and Security
Forex4you is authorized and regulated by BVI FSC and the company is therefore required to ensure that the level of share capital and reserves do not fall below a certain amount, and that it is increased yearly.
Financial risks are not only mitigated but also maintained to ensure that the company functions in a reliable manner. All client funds are kept in segregated accounts, apart from company funds and Forex4you only deals with regulated financial institutions.
Forex4you also ensures that there is innovative risk management technology and the constant development thereof. Part of this is also ensuring that clients do not risk more than the original funds they invested.
Forex4you Sign-up Bonus
Forex4you offers a welcome bonus to new traders who choose to register for a real account with the broker. This is offered as a 100% deposit bonus, allowing new traders to double the first deposits they make into their account. This represents an attractive sign-up bonus from Forex4you.
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
Forex4you Minimum Deposit
The minimum deposit amount required to open a broker account with Forex4you is $0. Having no minimum deposit requirement means that traders can choose to invest an amount that best suits their trading needs and portfolio.
That said, it is always recommended that traders maintain a minimum balance of at least $100 while trading to avoid going into a negative balance.
Step by step guide to deposit the minimum amount
Simply choose the payment method that suits you best
Do not forget to see the withdrawal and deposit conditions page for more detailed information, like deposit limit per transaction, fees, and processing time
To make a deposit to your account, you need to go in the Trader Room then to ‘My funds’ and then click on ‘Deposit’
Choose the payment system you are planning to use for deposit, enter the amount of funds and click on ‘Deposit’
Min Deposit
USD 0
Regulators
BVI FSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex4You Account Types
Forex4you offers four account types, which consist of the Cent, Classic, Cent NDD, and Pro STP accounts. Traders can also open a free demo account to test out the broker’s trade features before signing up for a live account. Unfortunately, Forex4you does not offer an Islamic Account at this stage.
Forex4You Account Features
Cent Account
The Cent account allows you to trade in cents, with instant order execution and fixed spreads. This is a great account to practice trading or to test your new strategies, advisors, and indicators.
Cent Accounts are perfect for the following types of traders:
Beginners wanting to test drive our service
Those wanting to test an expert advisor
Traders exercising a trading strategy with micro lots
Traders with small deposit amounts
| Cent Account |
|
| 📈 Leverage | from 1:10 to 1:1000 |
| 💰 Minimum deposit | 0$ |
| 📊 Forex contract size | 1 lot = 1 000 |
| 🌐 Minimum trade volume | 0.01 lot |
| 💻 Fixed spread | from 2 pips |
| 💳 Commission | No commission |
| 👉 Open a account | 👉 Click Here |
Cent NDD Account
The Cent NDD account is designed for those starting out in trading. Using this account, you can trade in cents with no minimum deposit amount, get market order execution and floating spreads.
As such, the Cent NDD account is perfect for the following types of traders:
Beginners wanting to test drive our service
Those wanting to test an expert advisor
Traders exercising a trading strategy with micro lots
Traders with small deposit amounts
| Cent NDD Account |
|
| 📈 Leverage | from 1:10 to 1:1000 |
| 💰 Minimum deposit | 0$ |
| 📊 Forex contract size | 1 lot = 1 000 |
| 🌐 Minimum trade volume | 0.01 lot |
| 💻 Fixed spread | from 0.1 pip |
| 💳 Commission | 10$ cents per lot |
| 👉 Open a account | 👉 Click Here |
Classic Account
The Classic Account is the most popular choice among traders who are ready to trade without assistance. Users of the Classic Account can trade with fixed spreads, instant execution, 4-digit quotations and no minimum deposit amount.
As such, the Classic Account is perfect for the following types of traders:
Market players with some experience
Those ready to trade without assistance
Traders aiming at excelling as a share4you leader
| Classic Account |
|
| 📈 Leverage | from 1:10 to 1:1000 |
| 💰 Minimum deposit | 0$ |
| 📊 Forex contract size | 1 lot = 1 000 |
| 🌐 Minimum trade volume | 0.01 lot |
| 💻 Fixed spread | from 2 pips |
| 💳 Commission | No commission |
| 👉 Open a account | 👉 Click Here |
Pro STP Account
The Pro STP Account has floating spreads from 0.1 pips, one-click trading and level 2 quotes for visibility of market depth. The account has market execution with no requotes.
This account offers free analytics (Dow Jones, Trading Central, Autochartist), market and instant order execution, no requotes or rejections on market execution accounts, tight spreads and the use of any expert advisors and strategies.
The Pro STP Account is perfect for the following types of traders:
Traders trading large volumes
Traders exercising scalping strategy
Traders with expert advisors
| Pro STP Account |
|
| 📈 Leverage | from 1:10 to 1:1000 |
| 💰 Minimum deposit | 0$ |
| 📊 Forex contract size | 1 lot = 1 000 |
| 🌐 Minimum trade volume | 0.01 lot |
| 💻 Fixed spread | from 0.1 pip |
| 💳 Commission | 8$ per lot |
| 👉 Open a account | 👉 Click Here |
Forex4you Demo Account Features
The demo account from Forex4you allows users to test the trading features of the MetaTrader 4 platform using virtual currency. In this way, users can learn how to use MT4 while also testing out the Forex4you trading conditions before risking real money in a live trading environment.
To change your demo account to a real account, you must open a real account by registering your Trader Room (if you do not have it yet). Login to your Trader Room, then go to ‘My accounts’ and click on ‘New account registration’. Here you can open a real trading account which is valid for real trading.
How to set up a Demo Account – Step by Step
Opening a demo account with Forex4you will consist of one of the two following steps:
Step 1 : Click on “open demo account”
Click on the “open demo account” option.
Step 2 : Fill out the form
Provide basic personal information requested.
Min Deposit
USD 0
Regulators
BVI FSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex4you Trading platforms
Forex4you provides traders a choice between their own in-house trading platform and MetaTrader4.
Forex4you WebTrader
This trading platform has proprietary and award-winning technology. There are no downloads involved with this trading platform and it can be accessed on the web by most internet browsers.
Some of the Forex4you WebTrader features include, but is not limited to:
Trading control – that allows for full trading control along with use of a slippage function, allowing traders to set the limit to suit their trading strategies.
Slippage – stop orders can also be done through the slippage function. Traders can open either buy stop or sell stop orders starting with 0 slippage.
Equity Stop Loss – Traders can set their own equity limit which can be used for compulsory order closing.
Access to tick charts with full transparency along with standard timeframes.
Access to the liquidity pool – this allows traders to view the available liquidity amount on prices which are provided by a variety of liquidity providers.
Forex4you Desktop
This trading platform is not only unique and simple to use, but it provides a variety of useful trading features. This platform can be downloaded on desktops using either Windows or Mac as the operating system.
The features of the Desktop platform include, but is not limited to:
Trading Control
Slippage
Equity Stop Loss
Tick Charts
Liquidity pool, and more
Forex4you Mobile
The Forex4you mobile app places trades in the palm of the hand of traders. It allows them to trade on the go, from anywhere in the world through a simple and quick download of the app on either the App Store or Google Play.
The mobile app provides traders with access to the following:
An interface which is simple to use
Advanced trading tools
Customized trading preferences
Profile verification for added security
The ability to make deposits and request withdrawals
Access to an economic calendar
In addition, traders are also able to open and close positions, create pending orders, personalize charts, and list their favourites, switch between multiple accounts and so much more.
Forex4you Fees and Spreads
Forex4you has the following spread list available to traders:
Forex4you offers fixed spreads from 2.0 pips in the Classic and Cent accounts. In the Pro STP account, live spreads for major pairs such as EUR/USD average around 0.1 pips.
Commission-free trading is offered in the Cent and Classic accounts, but commissions are charged at $8 per lot in the Pro STP account and 10 cents per lot in the Cent NDD account.
Forex4you vs INAM FOREX vs Fibo Group – A Comparison
| 🔎 Broker | 🥇 Forex4you | 🥈 FINAM FOREX | 🥉 Fibo Group |
| 💰 Minimum Deposit | None | None | $50/R800 |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ No |
| ➕ Max. Leverage | 1:1000 | 1: 40 | 1:1000 |
| 💵 Currency Pairs | 50 | 27 | 38 |
| 🚀 Open an Account | 👉 Click Here | 👉 Open Account | 👉 Open Account |
Forex4you Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Forex4you” is entered into Google’s search engine over a given period of time.
Min Deposit
USD 0
Regulators
BVI FSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex4you Customer Reviews
So far so good
So far so good. From perspective of my experience this broker got really decent and competitive trading conditions among others. No problems with deposit withdrawals process.
Forex4you Pro and Cons
| ✔️ Pros | ❌ Cons |
| Multiple account types catering for traders of different experience levels | No USA, Japan, or EEA clients |
| Segregation of client funds | Only USD and EUR as base currencies |
| Regulated by BVI FSC | Not a lot of payment options to choose from |
| Active social platform available | Fees when making deposits or withdrawing funds |
| No minimum deposit required on any accounts | |
| Maximum leverage of 1:1000 depending on account equity |
Conclusion
Judging from what Forex4you has to offer, it is a broker that specifically targets both beginner and intermediate traders. The tools and services provided does not really cater for professional traders who trade at high volumes.
Forex4you is strictly regulated and has a competitive offering with regards to pricing, tradeable instruments and the trading platforms provided. In addition, provision is also made for a safe trading environment.
Commissions are low and in addition, the fact that there is no minimum required deposit is a great benefit and when keeping this in mind, the fact that there are fees associated with withdrawals is not such a large issue.
You might also like: Forex4You Account Types Overview
You might also like: Forex4You Demo Account – Step by Step
You might also like: Forex4You Fees and Spreads
You might also like: Forex4You Minimum Deposit
You might also like: Forex4You Sign up Bonus
Disclaimer
There is a high level of risk involved with trading financial instruments and traders need to ensure that they evaluate their objectives, risk exposure and willingness to be exposed to risk before trading financial instruments.
There is a risk of losing amounts which exceed the trader’s initial deposit and therefore traders can consult independent and professional third-parties for additional advice before deciding to invest in these instruments, according to research in South Africa.
Frequently Asked Questions
How many instruments can I trade with Forex4you?
Forex4you offers over 150 tradable instruments, consisting of 50 currency pairs, commodities including gold and crude oil, over 15 major indices including the FTSE 100 and 50+ company stocks.
Which platforms are supported by Forex4you?
MetaTrader 4.
Does Forex4you offer leverage?
Yes. Leverage is offered on a variable basis depending on the account type. The maximum leverage available is 1:1000 for accounts up to $10,000 and 1:100 for accounts of $250,000 and over.
Is Forex4you regulated?
Yes, Forex4you’s parent company, E-Global Trade & Finance Group, Inc. is authorized and licensed by the British Virgin Islands Financial Services Commission (BVI FSC).
While this is deemed offshore regulation, Forex4you ensures proper client fund segregation — separating client funds from the company’s operating funds.
What is the overall rating for Forex4ou?
The overall rating for Forex4you is 8/1
There are no reviews yet. Be the first one to write one.
