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The Company. Security of Funds
Forex4You is an FX broker that offers online trading of currency pairs, stocks CFDs as well as precious metals on using the MetaTrader4 platform.
In 2007, the company was founded. Forex4You is a trademark of E-Global Trade & Finance Group, Inc. It is which is a company that offers financial services. It is that is registered within the British Virgin Islands and licensed by the BVI Financial Services Commission.
The BVI Financial Services Commission is the only Financial Services Regulator in the region. Although it has a statutorily regulated status however, BVI is a jurisdiction that British Virgin Islands currently still permits companies to be situated outside of the United States. Additionally, BVI-registered financial service companies are not subject to many of the same regulations that brokers located within UK or the US or UK have to meet. For instance, BVI-registered broker do not have to participate in an incentive scheme, and do not have to meet any capital requirements for minimum capital.
If you are planning to invest more funds we suggest to pick between UK, Swissor other brokers that are well-regulated in which your money will be secured. If you prefer offshore companies for some reason Forex4You is a good option. It is not compared with all the new brokers, but they choose an offshore location as their base of operations because of the cost-effective registration process and light regulatory touch, if there is there is any. Forex4You is a prestigious broker with more than 10-years of knowledge in the field. Furthermore is that this broker provides an appropriate segregation of funds for clients and is a reliable, well-regulated liquidity providers.
Trading Conditions
Minimum Initial Deposit
To sign up for an account with Forex4You you must make a deposit of just $1 to open Dealing Desk accounts, which is an acceptable amount given the more relaxed regulations. By contrast, ForexBrokerInc registered in Marshall Islands demands $100 from clients to start as a minimum, and LiteForex has a minimum deposit of $10.
Spreads & Commissions
Forex4You offers both fixed and variable spreads. Fixed spreads are offered via Forex4You’s Dealing Desk (commission free) Cent and Classic accounts. They are worth 2 pips for EUR/USD, which is the average spread for Forex market.
Variable spreads, on other hand, average 0.3/0.2 pip on EUR/USD. These spreads include a commission of $8/$10 per standard lot, respectively (on the Classic or Pro account). In essence, the costs for trading for variable spread accounts are approximately 1.2 pip, including commission and is also an average.
Comparatively, LiteForex offers variable spreads that average 1.1 pip on EUR/USD on their ECN account. You can look up and examine live spreads from the top 15 broker here.
Maximum Leverage
In terms of leverage, the highest leverage that the broker is 1:1000. These leverage ratios are thought to be excessive, but numerous offshore brokers provide similar ratios: LiteForex, for instance also offers leverage as high as 1:1000 as well as ForexBrokerInc offers leverage up to 1:500. This leverage level allows traders to make huge profits when markets are moving to their advantage However, this can result in huge losses in the event that the market is against them.
You can find an index of FX brokers who offer leverage that is greater than or equal to 1:500..
Trading Platform
Forex4You provides its customers with the traditional forex market trading system MetaTrader4 (MT4). It is accessible as mobile and desktop versions.
MetaTrader 4 is the preferred option for the majority of professionals in trading. It offers everything the features a trader requires with a range types of indicators that are technical, an a sophisticated charting tools, a vast variety of Expert Advisors (EAs) as well as a robust back-testing environments. Traders can download pre-made trading strategies or design their own trading strategies and let the software take over the task.
Furthermore, Forex4You has partnered with Plug and Cloud (Infobox subsidiary) to provide customers with the option of a Virtual Private Server (Virtual Private Server) which lets them execute automated algorithms all day, seven days per week from an online machine.
Additionally, this broker has also developed an own platform for trading copy named Share4You. It allows instant auto-copying of orders service for transactions made through Forex4you.
Promotions
Additionally, this broker also offers its customers the possibility of a 25% deposit bonuses, through the possibility of recouping up to 17.5 percent from the spread. This offer is not applicable to STP Pro accounts.
Methods of Payment
Forex4You account withdrawals and deposits are possible using the following payment methods:
– Bank wire transfer;
Credit/Debit card Visa, MasterCard;
E-wallets: Skrill (Moneybookers), FasaPay, WebMoney, Neteller and China UnionPay.
The broker has recently announced that it will pay 100% of commissions on deposits made through e-payment platforms Neteller as well as Skrill and 1.5 percent of the fees charged to clients of other payment platforms it works with.
Conclusion
Forex4You is a prestigious FX broker that operates under the looser regulations of the BVI’s Financial Services Commission.
| Forex4you Summary | |
|---|---|
| Forex4you Details | Information |
| Regulators | FSC |
| Country |  Cook Islands |
| Base Currencies | USD, GBP |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4, MT5 |
| Established Year | 2007 |
| Website Language | English |
| US Clients | |
| Forex4you Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| Forex4you Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Wire transfer, Visa Card, Master Card |
| Forex4you Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Forex4you Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1.500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | 1 USD |
| Islamic Account | |
| Forex4you Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Forex4you Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +44 207 193 9932 |
| info@forex4you.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands |
