It is crucial to read the broker review before trading with the broker. You can find the Forex4you review in detail below. E-Global Trade & Finance Group Inc. owns Forex4you, which became operational in 2007. Users have created more than two million trading accounts in the last 13 years, according to the company’s published records. The %100 deposit bonus, as well as Share4you, the company’s patented social trading technique, are the foundations of its popularity. Forex4you obtains market analysis and analysis via FXStreet (in six different languages) and Trading Central, and newbie traders have exposure to an outstanding teaching system. Interactive-Brokers, Sucden Financial, IG Markets, LMAX are its key liquidity providers. MarketPlace, the platform’s liquidity aggregator, was introduced in 2016. The accounts of the platform are audited by KPMG, an Anglo-Dutch accountancy company. Forex4you welcomes investors from all around the world, but it focuses mostly on Asia.
Creating an Account
Contents
New accounts are created via a simple web application. Investors should submit their full name, e-mail address, mobile number, and passcode. Forex4you is a certified FX broker that requires user identification. This criterion can be met by presenting a photo of the user’s ID and proof of residence documentation that is obtained recently (in the last 3 months).
Regulation of Forex4You
The operator of Forex4you is governed by the Financial Services Commission of the BVI (British Virgin Islands). E-Global Trade & Finance Group Inc has a spotless legal history and is covered by Willis Ltd. in the United Kingdom for a total of $5,000,000 in insurance. The platform keeps client money separate from business funds, employs authorized liquidity providers integrated through FIX API, and uses comprehensive risk managing.
The independent auditor is KPMG, a Big Four accountancy company, and the platform offers yearly reports and data on its progress. These reports can be downloaded in PDF format from their webpage. Forex4you is a reputable brokerage firm that goes to great lengths to provide a safe, dependable, and technologically sophisticated marketplace for its users. The shown growth demonstrates the effectiveness of its strategy.
Forex4You Review – Fees
The majority of the platform’s earnings come from commissions and spreads. Although this broker renounces deposit costs, withdrawal charges determined by the payment gateway might occur. Following a year of inactivity, a monthly 10 USD inactivity charge (or its currency equivalent) is applied; most rivals impose an inactivity cost far quicker. The 50 percent payback plan, which is open to non-partner customers, makes the entire pricing scheme all the more attractive. NDD and STP execution methods are available on this platform.
Investment Options
Trading in more than forty currency pairings and fifty stocks, four commodities, and fifteen indices are available on the platform, which is a decent selection for beginner traders. Forex4you does not give a comprehensive asset list.
Platforms
Forex4you uses both the Meta Trader 4 platform and its own unique trading platform, Forex4you WebTrader, Desktop, and Mobile. The platform, with its improved efficiency and simple user interface, is an appealing choice for traders.
Slippage management and info from the liquidity pool are noteworthy aspects. The Meta Trader 4 platform is used by automated traders.
There are almost 20 trading platforms and 150 products available according to Forex4you.
It’s easy to fund the accounts, and traders may do it by going to their own trading area. There are more than 50 basic currencies accessible for live trading accounts.
Forex4You Review – Features
At Forex4you, the Share4you social trading method is a one-of-a-kind feature. It enables investors to monitor over a thousand Share4you Leaders or technique suppliers. More than 70% of all replicated trades are positive, according to the platform, making it one of the most effective social trading services. Share4you Leaders can utilize automatic trading methods since the platform has no constraints on techniques.
Analysis&Training Materials
The platform doesn’t conduct its own research and instead relies on FXStreet for market comments and a financial forecast. Dow Jones provides further market coverage. Users may follow indicators in the Trader Room via Trading Central. Forex4you’s overall analysis skills continue to compete, and it provides manual traders with a solid variety of equipment.
The platform provides a competitive offering in the area of education. Users have access to a comprehensive trade school that is divided into 4 divisions and contains 59 high-quality lectures. It is among the most detailed on the market and is completely free. There are 17 video lessons and more than 20 articles to go along with the school. The platform also holds seminars, although only in Asia at the moment. Forex4you’s total instructional value is among the most valuable assets it provides to customers, and it distinguishes them from its competitors.
Care of Clients
Forex4you offers customer care in 8 different languages 24 hours a day, 7 days a week. The ideal way of contacting them is through web chat or site call, but there are also other options such as e-mail, Trader Room, and phone. Most users may not want help from this very well-run broker because the Q&A page addresses the most typical inquiries, and it clearly explains trade features. Forex4you provides 24-hour service in the event of an emergency.
Payment Methods
Bank transfers, credit/debit cards, Neteller, WebMoney, and Skrill are all accepted by the broker. The minimal input is between 1 to 10 US Dollars, and processing periods are described as instantaneous. 1 to 20 US Dollars is the minimum withdrawal size. Although the broker does not charge a fee for deposits, it does charge for withdrawals. Charges from a third-party payment gateway could also occur.
Forex4You Review – Final Thoughts
Forex4you is an international brokerage firm with a strong presence in Asia, where it has hosted a number of seminars. Another of Forex4You’s most valuable features is its great educational resources for beginner traders, which is one of the most comprehensive among free resources accessible from any broker or a different source. Including sources from DowJones, FXStreet, Autochartist, and Trading Central, the analysis instruments give traders an additional competitive edge. Traders have the option of using either the Meta Trader 4 or the exclusive Forex4you trading platforms. The large bonuses add to the allure, as well as the Share4you social trading technique, which was created in-house, and it has drawn over 1,000 indicator providers. With over 2 million accounts created since its establishment, the broker ensures a safe trading environment and excels at increasing the number of clients.
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