Forex4you Forex Trade Platform and Broker Review

Forex4you Forex Trade Platform and Broker Review

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Forex4you Broker Review

Forex4you is an award-winning financial asset management firm that has been in operation since 2007 and is based in the British Virgin Islands. Forex4you’s main services include the provision of tradable forex and CFD instruments and other trading solutions.

Forex4you has between 50 and 100 employees and only has offices in the British Virgin Islands.

Is Forex4you Regulated?

Yes, Forex4you is regulated by the Financial Services Commission (BVI FSC) in the British Virgin Islands. The British Overseas Territory has a legal system that was developed in English common law.

BVI supports international business industries within its jurisdiction, and this is one of many reasons why it has gained rank amongst the top offshore jurisdictions in the world. 

Under the Securities and Investment Business Act, 2010 (SIBA), FSC promotes the license of BVI in complying with international best practices as well as common standards of the industry.

Forex4you’s regulation guarantees that the broker keeps client funds in segregated funds, separate from that of the broker, and to further reduce risks, client funds are kept in several banks simultaneously. This guarantees that investor funds are not at risk, even if Forex4you should become insolvent or otherwise unable to fulfill its financial obligations. 

Is Forex4you Regulated in the United States?

No, Forex4you is not regulated in Virginia or any other US state. 

Is Forex4you Regulated in Europe?

Yes, Forex4you is regulated in Europe by the Financial Services Commission (FSC) to perform forex broker and trading services in Europe.

Is Forex4you regulated in a Tier-1 Jurisdiction?

With Tier-1 jurisdiction, brokers are granted the license to offer services in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Forex4you website, Forex4you is not regulated in Tier-1 jurisdiction.

Is Forex4you regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction offers Forex4you with the necessary license to offer financial services and operate in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Forex4you is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Forex4you?

Forex4you offers forex traders its own proprietary trading platform along with the use of the popular MetaTrader 4.

  1. The Forex4you WebTrader offers forex traders a variety of functions and features including full trading control with the slippage function, equity stop-loss limits, access to a tick chart that boosts transparency, an overview of the available liquidity amount on prices provided by various providers.
  2. MetaTrader 4 offers Forex traders access to more than 150 financial instruments with Forex4you, the ability to use one-click trading, access to automation scripts as well as alerts, and a range of advisors and technical indicators, allowing forex traders to add a competitive edge to their trading.

Does Forex4you Have a News Blog for Forex News?

No, Forex4you does not have a news blog for forex news. However, there is an Article section offered that provides forex traders with valuable insights and opinions from professional forex traders.

Does Forex4you Have a Traders Dashboard?

No, Forex4you does not have a forex traders Dashboard on the official website.

Does Forex4you Have an Educational Section?

Yes, Forex4you offers a comprehensive educational section on the official website consisting of:

  1. Trading School
  2. Video Tutorials
  3. Articles and News

What is the content of Forex4you Forex Education?

The Forex4you trading school consists of the following sections:

  1. Forex Pre-School (15 Lessons).
  2. Forex Primary School (14 Lessons).
  3. Forex Secondary School (15 Lessons).
  4. Forex Trading University (15 Lessons).

The Forex4you Video Tutorials offers forex traders a variety of videos regarding MetaTrader 4, consisting of the following topics:

  1. “Trailing stop in MT4”.
  2. “Terminal Window Details”.
  3. “Customising MT4 Platform”.
  4. “Back Testing Expert Advisors”.
  5. “Installing Expert Advisors”, and more.

The Forex4you article section offers forex traders a vast number of articles that cover a wide range of topics including:

  1. “Best MetaTrader Brokers”.
  2. “Choosing a Top-Rated Forex Broker”.
  3. “Best Forex Trading Platform for Beginners”.
  4. “5 Qualities of the Best Forex Brokers”.
  5. “Your Quick Guide to Becoming a Successful Webinar Presenter”.

Is Forex4you Legit?

Yes, Forex4you is a legit Forex Broker and Trade Platform that has regulation through FSC to offer trading solutions and trading services to forex traders.

Is Forex4you Safe?

Yes, Forex4you is a reliable and safe Forex Trade platform where regulation, as well as client fund security, is concerned. Forex4you is regulated by the Financial Services Commission (FSC) in the British Virgin Islands.

Client fund security is of utmost importance and all client funds are kept in segregated accounts, separate from Forex4you’s own funds. To ensure that there is accuracy and transparency of records and compliance with the provisions of these regulations, the financial records of Forex4you are audited yearly by KPMG, a renowned world-class auditing firm.

Forex4you also offers transparent information regarding its operating capital and can provide proof that it is constantly increasing its share capital as well as a reserve. This is done to ameliorate financial disasters and/or risks that may occur as a result of market fluctuations.

Is Forex4you a Good Broker?

Yes. According to a Forex Suggest review, Forex4you is a good broker where security, trading speed, online support, and cryptocurrencies is concerned.

  1. In terms of security, Forex4you makes use of strict and high-levels of security protocols to guarantee the encryption of data, information, and transactions on its website and trading platforms.
  2. Where trading speed is concerned, Forex4you offers excellent trading speed by making use of a liquidity aggregator and proprietary order execution technology called “Marketplace”. This allows for the collection of quotes from liquidity providers and offers forex traders the best prices delivered to the trading terminal.
  3. Online support from Forex4you is offered through a live chat option, featuring prompt and helpful support agents that solve queries to the best of their ability.
  4. Cryptocurrencies offered by Forex4you as CFDs include Bitcoin, Litecoin, and Ethereum.

What is the Offering of Investment in Forex4you?

Offerings of Forex4you can be found below.

Feature Forex4you
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does Forex4you have Nasdaq?

Nasdaq is the US index that tracks the top technology stocks in the United States.

As a Nasdaq owner, Forex4you offers indices and shares CFDs to trade.

What are the Awards of Forex4you?

Forex Trading Platform Forex4you’s awards are listed below.

  1. Best Forex Broker Asia (2020) – Global Banking and Finance Review.
  2. Best Affiliate Partnership Program (2020) – International Business Magazine.
  3. Best Forex Affiliate Program (2020) – AtoZ Markets.
  4. Best Affiliate Partnership Program (2019) – International Business Magazine.
  5. Forex Broker of the Year (2017) – South East Asia IAIR Award.

How to Use Forex4you for Forex trading?

To use Forex4you, a forex trader should have the necessities below:

  1. Forex traders must be 18 years or older to register.
  2. Forex traders must have a valid ID and proof of their residential address (not older than 3 months).
  3. Enough disposable income and capital that can be used to trade.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Forex4you.

How to open a Forex trader account with Forex4you?

To open a Forex Trading Account with Forex4you, a trader should follow the steps below.

  1. Forex traders can visit the official Forex4you website and select the option to “Register”.
  2. Forex traders must first register on the website before they can open an account. This can be done by providing some basic information on the digital form such as mobile number, user-selected password, First and Last name, email address, and country of residence.
  3. Forex traders must provide the verification code that has been sent to the mobile number that they provided before they can continue.
  4. Forex traders can then proceed by selecting the account they wish to open followed by providing further basic information, employment and financial information, trading experience, and by submitting a copy of the trader’s valid ID and proof of residence.

What are the Forex Trader Account Types with Forex4you?

Forex Trading Platform and Financial Asset Management Institution Forex4you have 6 different account types that are offered.

Forex4you Account Types are listed below. 

  1. Demo Account

  2. Islamic Account

  3. Cent Account

  4. Cent NDD Account

  5. Classic Account

  6. Pro STP Account

  • Demo Account

Forex4you offers forex traders a free demo account that can be used either as a practice account, a risk-free account to test trading strategies or to explore what Forex4you has to offer without risking any capital.

  • Islamic Account

Muslim forex traders who follow the Sharia law are prohibited from earning and paying interest. Overnight fees are credited/debited on positions that are held open for longer after the trading day has concluded. With Forex4you, Muslim forex traders can convert any of the live trading accounts to an Islamic Account, exempting them from being subjected to these overnight fees or swap fees.

The trading conditions that forex traders can expect, according to the official Forex4you website, will depend on the account type that the trader chooses to convert.

  • Cent Account

With the Forex4you Cent Account, forex traders can trade in cents and they have the benefit of instant order execution as well as fixed spreads. This account is perfect for beginners who are learning to trade in a live environment.

The Forex4you Cent Account’s features are listed below.

  • Instant order execution.
  • Leverage from 1:10 up to 1:1000.
  • Margin call of 50%.
  • Swap-free option.
  • $0 minimum deposit requirement.
  • The minimum trade volume of 0.01 lots.
  • Stop-out level of 10%.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Limit and stop levels from one pip.
  • The ability to use hedging on this account.

 

  • Cent NDD Account

The Forex4you Cent NDD Account suits beginner forex traders and offers forex traders the ability to trade in cents with market order execution and floating spreads. The account features that forex traders can expect are as follows:

  • Market order execution.
  • Leverage from 1:10 up to 1:1000.
  • Margin call of 50%.
  • Swap-free option.
  • $0 minimum deposit requirement.
  • The minimum trade volume of 0.01 lots.
  • Stop-out level of 10%.
  • Floating spreads from 0.2 pips.
  • Commissions of $0.10 per lot.
  • Limit and stop levels from 2 pips.
  • The ability to use hedging on this account.

 

  • Classic Account

The Forex4you Classic Account is the most popular choice amongst forex traders who can proceed to trade without assistance. The features on this account are as follows:

  • Instant order execution.
  • Leverage from 1:10 up to 1:1000.
  • Margin call of 100%.
  • Swap-free option.
  • $0 minimum deposit requirement.
  • The minimum trade volume of 0.01 lots.
  • Stop-out level of 20%.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Limit and stop levels from one spread.
  • The ability to use hedging on this account.

 

  • Pro STP Account

The Forex4you Pro STP Account caters to more professional forex traders, offering them the best possible trading conditions. The Pro STP Account features are:

  • Leverage from 1:10 up to 1:1000.
  • Margin call of 100%.
  • Swap-free option.
  • $0 minimum deposit requirement.
  • The minimum trade volume of 0.01 lots.
  • Stop-out level of 20%.
  • Floating spreads from 0.1 pip.
  • Commissions of $8 per lot.
  • Unlimited limit and stop levels.
  • The ability to use hedging on this account.

How to Withdraw Money from Forex4you?

To withdraw money from Forex4you, the following should be done:

  • Forex traders can log into their Forex4you account on the official website and select “Financial Operations” from the menu options.
  • Forex traders can select “Withdrawal” from the options.
  • Forex traders can add their preferred payment method and indicate the amount they wish to withdraw, the trading account, and the currency.
  • Once done, forex traders can select “Withdraw” and the request will be sent to customer support.

How many days do deposits take with Forex4you?

This will depend on the deposit method that forex traders use with Forex4you. Some payment methods such as credit/debit cards and electronic payments can be instant whereas others such as bank transfers can take a few business days.

What are the costs and fees with Forex4you?

There are four types of costs with Forex4you namely commission charges, spreads, margin requirements, and swap fees.

Commissions are charged as a flat fee on trades and can be applied per lot, per side, per round turn, or according to the volume traded. The spread is the difference between the bid/asks spread expressed in pips.

Margin requirements are expressed as a percentage and Forex4you requires this at the start of the trade as collateral. Swap fees are either credited/debited to/from the trading account for trades that are kept open after the trading day has concluded.

What are the Trading Fees with Forex4you?

The Forex Trading Fees with Forex4you are below. 

The Forex4you Cent Account:

  1. Spreads: Fixed spreads from 2 pips.
  2. Commissions: None
  3. Margin call/requirement: 50%
  4. Swap rate: buy swap of -6.63 cents and sell swap of 0.21 cents on EUR/USD.

The Forex4you Cent NDD Account:

  1. Spreads: Floating from 0.1 pip.
  2. Commissions: $0.10 per lot.
  3. Margin call/requirement: 50%
  4. Swap rate: buy swap of -6.63 cents and sell swap of 0.21 cents on EUR/USD.

The Forex4you Classic Account:

  1. Spreads: Fixed spread from 2 pips.
  2. Commissions: None
  3. Margin call/requirement: 100%
  4. Swap rate: buy swap of -0.663 pips and sell swap of 0.021 pips on EUR/USD.

The Forex4you Pro STP Account:

  1. Spreads: Floating from 0.1 pip.
  2. Commissions: $8 per lot.
  3. Margin call/requirement: 100%
  4. Swap rate: buy swap of -0.663 pips and sell swap of 0.021 pips on EUR/USD.

What is the minimum deposit in Forex4you?

Forex4you does not have a minimum deposit requirement, however, forex traders are advised to deposit the following amounts per the account type:

  • Forex4you Cent and Cent NDD Account – $50.
  • Forex4you Classic Account – $500.
  • Forex4you Pro STP Account – $1,000.

What are the contract specifications in Forex4you?

Feature Forex4you
Forex Trading Yes
CFDs 74+
Forex Pairs 41+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 3
Social Trading  Yes

Does Forex4you have promotional offers?

Yes, Forex4you Trade and Exchange platform have promotional offers for both existing and new forex trading account holders. These promotional offers are as follows:

  1. 100% deposit bonus.
  2. 50% cash back program

Does Forex4you have a welcome bonus?

No, Forex4you does not have a welcome bonus.

A welcome bonus is an initiative that brokers often offer especially to new forex traders who register an account for the first time. This bonus offers forex traders trading credit that can be used towards trading before forex traders start using their own capital to trade.

Does Forex4you have a deposit bonus?

Yes, Forex4you offers a 100% deposit bonus.

The deposit bonus that Forex4you offers, according to the official website, ranges from 5% up to 100% and is an unlimited offer that can be applied with each deposit to the trading account. 

This bonus cannot be withdrawn, however, once the trading turnover shares reach 100% of the amount of the deposit bonus, real funds will be credited to the trading account and this can be withdrawn.

Is there a commission-free trade bonus in Forex4you?

No, Forex4you does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus in Forex4you?

No, Forex4you does not offer forex traders a VIP bonus.

Can you start trading with no money at Forex4you?

Yes, you can start trading with no money at Forex4you, however, forex traders are advised to make a minimum deposit of $50 on Forex4you Cent Accounts, $500 on the Forex4you Classic Account, and $1,000 on the Forex4you Pro STP Account to start trading.

How does leverage work with Forex4you?

The leverage that Forex4you offers gives forex traders the opportunity to open larger positions that could maximise their profit potential. However, this can also increase the risks that forex traders are exposed to.

According to the official Forex4you  official website, the leverage that forex traders are provided will depend on the equity of the trading account.

  • From $0 to $10,000 – leverage up to 1:1000.
  • From $10,000 to $100,000 – leverage up to 1:500.
  • From $100,000 to $250,000 – leverage up to 1:200.
  • From $250,000 and more – 1:100.

Where are the headquarters of Forex4you?

Forex4you is headquartered in Tortola, British Virgin Islands.

Who is Forex4you’s CEO?

The CEO of Forex4you is Marina Strauss according to an official Forex4you support agent. There is no additional information available on the Forex4you CEO as information cannot be given to staff members, according to the official Forex4you support agent.

What are the social media accounts of Forex4you?

Forex traders can follow Forex4you on the following social media accounts:

  • Facebook
  • YouTube
  • Instagram

How many employees do work for Forex4you?

According to official sources, Forex4you has between 50 and 100 employees.

What are the opinions about Forex4you?

Forex4you is a good and reputable broker that is known for its transparency, honesty, and excellent trading services and solutions. Forex4you offers comprehensive solutions to forex traders and caters to both beginners and professionals.

What are Forex4you Contests?

Trading contests are competitions or promotions that offer forex traders the chance to win cash prizes.

Forex4you offers forex traders a Trading Hero Contest and the chance to win up to $400 in prizes, with the first 30 most profitable forex traders becoming eligible for these prizes.

Does Forex4you have online support?

Yes, Forex4you offers online support to forex traders via a live chat option that is available on the official website. Support agents respond promptly and are extremely helpful in tending to queries. Forex4you online support can be contacted 24/7 and support is provided in multiple languages.

Does Forex4you offer demo accounts for Forex trading?

Yes, Forex4you offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

  1. Forex traders can visit the official Forex4you website and navigate to the “Trading” section and select “demo account”.
  2. Forex traders can complete the online application by filling in the required fields. A verification code will be sent to the mobile number that forex traders provide, and this must be entered into the field provided for this purpose.
  3. Once completed, forex traders will be taken to their personal areas where they will be given access to their demo account.

Does Forex4you have a mobile app for Forex trading?

Yes, Forex4you offers the Direct App for Android and iOS. 

Forex4you offers forex traders its own official mobile app that can be used to trade in multiple financial markets. The mobile application has a simple trading interface and offers forex traders advanced charting capabilities, customizable trading preferences, quick deposits and withdrawals, a useful economic calendar, and more.

Does Forex4you publish an economic calendar?

Forex4you offers forex traders an economic calendar on its official website, on the proprietary Forex4you WebTrader, and the Forex4you mobile app for trading forex.

The economic calendar is one trading tool that forex traders cannot go without. It offers forex traders an in-depth view of economic information that is scheduled to be released. Events such as these can impact financial markets and subsequently, the trading activities of forex traders.

What is the communication information of Forex4you?

Forex4you has one main telephone number and several additional telephone numbers according to different jurisdictions and languages. Forex4you also has one main local business address.

Forex4you can be contacted telephonically by using the following numbers:

Main/English: +44 207 193 9932

Hindi: 000 800 443 0039

Malay: 1 800 813 772

Mandarin/Cantonese: +44 207 193 9932

Thai: +66 2105 5727

Laos: +66 600 035 594

Indonesian: +62 007 803 321 2324

Vietnamese: +84 869 402 554

The official and main local business address for Forex4you is First Floor, Mandar House, Johnson’s Ghut, Road Town, Tortola, British Islands.

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