Our Forex4you Review
Introduction
Using the title ‘A Company with Innovation Philosophy’ Forex4You has been working and gaining trust among the traders since 2007 under the mother company E-Global Trade & Finance Group. According to a statistics Forex4You executed almost 786 million orders through its 1.4 million trading accounts up to February 2018. And to trust a broker, this figure is pretty enough for a retailer. And that’s why thousands of positive Forex4You reviews of this broker has beat its silly negative reviews online. However, you may have your own queries for opening your trading account. And that’s why today we’ll discuss Forex4You from the top to bottom for you.
Forex4You Regulations & Background
Forex4You is authorized and licensed under the famous regulatory body FSC (Financial Services Commission) under the Security and Business Act, 2010 (SIBA) focusing on three main duties: Transparency, Law-Abiding Performance, Customer’s Interests Protections. And from 2007, they are ensuring this three main duties properly according to Forex4You reviews from the traders all around the world.
Forex4You Reliability & Safety of Funds – Is Forex4You a scam?
According to a statistic, this broker got 1,18,303 active accounts, 7,017,445 partner payouts, 2,77,573 client rebates, 2,78,932 most profitable trade in 2016. So, in a nutshell the trading profile of Forex4you is strong & trustworthy. Additionally, this broker also has separate active program for client’s fund protection.
First of all, the client’s fund is protected under the regulation of Financial Services Commission (FSC) and segregated & separated from company’s operating fund. Besides, funds are also kept in different banks simultaneously to decrease risk. Finally, clients can use trading tools by themselves to maximize the profit & limit the losses. As a result, client’s fund remain risk free & protected.
Forex4You Trading Platforms
Like the other good brokers, Forex4You also offers Meta Trader 4 platform for their clients. For mobile traders, Forex4You are giving MT4 download option for IOS, Android & Windows Phone apps also. Additionally, Forex4You has their own customized WebTrader so that clients can make money more easily. Using your Trader Room login credential, you can easily login to the web trader & still if you face problem, their customer support will help you as much as they can. You can have the following facilities in WebTrader:
- Trading Control
- Slippage
- Equity Stop Loss
- Tick Chart
- Liquidity Pool
Forex4You Deposits & Withdrawals Options
You can deposit and withdrawal your funds through Neteller, Skrill, WebMoney, Visa/Master Card & Bank Wire Transfer. Among them Neteller & Skrill doesn’t charge any fee for deposit or withdrawal. For WebMoney it need 1% + 0.8% from both ends and for Visa card 1.3% + 0.5 USD from both end. Bank wire transfer needs the regular bank charges. However, Forex4You doesn’t support Paypal or Bitcoin those are very popular methods now a day.
Minimum Initial Deposit & Leverage
All Forex4You account has 0 USD minimum deposit & the leverage varies from 1:10 to 1:1000 depends on different accounts. But for per deposit the minimum amount depends on the payment method you’ll use to deposit your fund.
Forex4You Commissions & Spreads
For Cent & Classic account Forex4You doesn’t charge any commissions. But for the other types of accounts the commissions vary from 8 USD to 10 USD per lot. Besides, for each trading a very small amount of spreads also cut by them. It varies from 0 pips to 2 pips depends of the account types. But in that case, we must mention that the spread is really lower than other brokers. This is a very good feature of Forex4You.
Forex4You Trade Types/Instruments
Forex4You supports only currencies & indices. They don’t have a facility to trade commodities, CFDs, ETFs & stocks. This is a bad part of this broker. So for advance trading, you should look for other broker who supports wide range of trading instruments.
Forex4You Account Types
Cent Accounts: You can open a cent account with only 1 USD. This type of account is perfect for beginners. The main features are:
- Leverage: 1:1000
- Minimum Deposit: 0 USD
- Spread: From 1.5 Pips (Fixed)
There is another type of account similar to this type having almost half execution time called Cent NDD accounts.
Classic Accounts: This is the account for the money makers, who have a few experiences in trading. The main features of this account type are:
- Leverage: From 1:10 to 1:1000
- Minimum Deposit: 0 USD
- Spread: From 2 pips (Fixed)
There is another type of account similar to this type having almost half execution time called Classic NDD accounts.
PAMM Accounts
Percentage Allocation Money Management or PAMM accounts are suitable for the money makers who have their own investor list.
Pro Accounts: If you are a professional trader who processes a large amount of bank transaction regularly, then you are eligible for this account. The main features are:
- Leverage: From 1:10 to 1:200
- Minimum Deposit: 0 USD
- Spread: From 0 pips (Floating)
Forex4you Islamic Account/ Swap Free
For Islamic countries like Forex4You Indonesia offers opening Islamic accounts. You can also swap your other account type also. But for some reason this offer may not be available for you. So, if you want such type of account, you can directly contact with Forex4You support. They’ll help you in this matter.
Forex4you Login
Forex4you Login is available for both PC & mobile ensuring a user-friendly interface with all the trading platform facilities. Besides, Forex4You login is not limited to any country, or locked region. Rather you can login to Forex4You from all around the world.
Forex4you Affiliate/Partnership
Along with your FX trading, you can also participate in the partnership program of Forex4You. The most amazing fact is that they offer 3-level affiliate program where you can not only affiliate commission from your referral sign ups, but also earn from the clients of your referred partners. So, after a certain time, you can earn self-generating affiliate revenues from this broker. Furthermore, you can also work as their agent with a handsome income.
Forex4You Customer Support
Forex4You offers multilingual customer support for English, Hindi, Russian, Malay, Mandarin, Cantonese, Thai etc. However, English support is 24 * 7 and for other languages the support section remains open for 5 days a week in local office times. The medium of support is email, phone or live chat. So, from account opening to all levels of advance support, you can contact and get the help from experts.
Bonuses and Promotions
Like other brokers, Forex4You also has some bonuses for its traders. The most basic and common bonus is 25% deposit bonus program which allow you to get back 5% to 25% bonus from your deposited amount. Apart of this bonus, you can also get 50% cashback bonus which offers up to 10 USD per lot on Euro/USD trade. You can also get rebate from the spread & commission also. Additionally, you can also enjoy some promotional services like free news & signals, free auto chartist software and VPS hosting etc.
Forex4You Pros & Cons
| PROS | CONS |
| Having Good Regulation & Client’s Fund Safety Feature. | Low variety of deposit & withdrawal method. |
| Lower Spread. Maximum 2 pips per lot. | |
| Bonus & Promotions are good enough for a newbie. |
Frequently Asked Questions
Is Forex4You regulated?
- Forex4You is regulated under Financial Services Commission (FSC).
Where is Forex4You based?
- Forex4You is a British company.
How does Forex4You make money?
- It earns money by spread & a small commissions from every trade made by the traders.
How to deposit in Forex4You account?
- Using Neteller, Skrill, WebMoney, Visa / Master Card & Bank wire you can deposit in Forex4You.
How to withdraw money from Forex4You?
- The withdrawal methods are almost same like deposit methods.
How to open an account with Forex4You?
- The account opening is very simple. You just need to press the ‘Sign Up’ button on their official site & fill the sign-up form.
Is Forex4You reliable?
- According to the overall trading volume, regulations & background, Forex4You, you should rely on Forex4You.
Does Forex4You use MetaTrader?
- Forex4You uses MetaTrader 4 which is available for all levels of users. You can download it for PC, Android or IOS devices.
Is Forex4You a scam?
- Although, this broker has many complaints from clients, the overall performance and activity are reliable for traders.
How safe is Forex4You?
The client’s funds are safe under the rule of FSC. Besides, they also have some risk control feature to protect client’s fund.