Forex4You Fees Review

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Forex4You is a renowned international broker that provides access to over 60 currency pairs and CFDs on metals, energies, and indices. In terms of safety, the company is regulated by the Financial Services Authority (FSA) in the United Kingdom and the International Financial Services Commission (IFSC) in Belize.

The platform's commission fees are comparable to other large international brokers. Meanwhile, some Forex4You spread fees are comparatively lower than other brokers since the platform has a cheap ECN account. In this guide, we've prepared an overview of the commissions on Forex4You.

Accounts Fee Level Fee Terms

Cent

Average

Lot volume is 1,000 base units of currency, up to 1:1000 leverage, spread from 2 pips

Cent NDD

Low

Spread from 2 pips, 10 cents per lot commission

Classic

High

$0 minimum deposit, spread from 2 pips

Pro STP

Average

0.1 pips floating spread, $8 pr lot commission

Is Forex4You Cheap?

Forex4You's commissions are pretty attractive, considering that this is a large international broker. However, that's not to say it's the cheapest platform for trading.

The most considerable savings can be made on the ECN account, while the other accounts have average commissions compared to other brokers. Moreover, the minimum deposit for all accounts is $0, making the broker accessible to a wide range of traders.

Forex4You - Forex Spread and Fees

The main fees to consider when trading with Forex4You are the spreads and commissions. Other non-trading fees include the conversion and withdrawal fees.

The spread on a trading platform is the difference between the bid price and the asking price of a currency pair. When trading, you must take into account the spread as it will impact your entry and exit points. The larger the spread, the more costly it is to trade.

As you can see in the table below, the Forex4You spread for EURUSD, GBPUSD, and USDJPY is 2, 3, and 2, respectively. In comparison, RoboForex has a narrower spread of 1.4 to 2. Likewise, Exness also has a narrow spread, ranging from 1 to 1.3.

Since Forex4You has a larger spread, it is more expensive than its competitors. As a result, it may not be the best choice for scalpers who trade frequently and want to take advantage of small price movements. Day traders may also want to consider a platform with lower spreads.

Forex4You Spread Compared

Forex4You RoboForex (Pro-Standard) Exness

EURUSD

2

1.4

1

GBPUSD

3

2.0

1.1

USDJPY

2

2.0

1.3

Forex Trading Fees

Fee Forex4You Exness

Standard Account EURUSD Average Spread

2 pips

1 pip

Standard Account Fee

$0

$0

STP Account Fee

$8 per lot

$3.5 per lot

ECN Account EUR Average Spread

0.1 pip

0.1 pip

The trading fees encompass the spread and the commission. For example, when trading with Forex4You, there is no commission on the Standard account. On the other hand, the ECN account has a meager commission of $2 per lot.

However, it's important to note that the STP account has a trading fee of $8 per lot, which is relatively expensive. When compared to Exness, Forex4You fees are much higher.

As the table shows, Exness has the same fees for Standard and ECN accounts. However, its STP account's fixed fee is only $3.5 per lot compared to Forex4You's $8.

Forex4You CFD Spreads and Fees

Forex4You fees depend on the account you’re using. Therefore, it’s essential to be familiar with each account's commissions, spreads, swap rates, and margin calls. The Cent account is ideal for beginners who don’t want to pay commission fees.

Meanwhile, the Forex4you Pro STP Account is the most expensive among all four of the broker’s accounts since you have to pay a commission of $8 per lot. The table summarizes the commission fees for each account type.

Account Spreads Commissions Margin Call

Cent

From 2 pips (fixed)

None

50%

Cent NDD

From 0.1 pip (floating)

$0.10 per lot

50%

Classic

From 2 pips (fixed)

None

100%

Pro STP

From 0.1 pip (floating)

$8 per lot

100%

The Forex4You fees are much higher than Exness. While Exness takes a commission of $3.5 per lot, Forex4You charges a whopping $8. However, the commissions for the Standard accounts on both platforms are $0.

Forex4You Non-Trading Fees

Non-trading fees on a broker's website refer to charges other than commissions that may be incurred when using the services of a broker. These fees are sometimes referred to as "misc" or "other" fees on a broker's website. For example, non-trading fees can include charges for account maintenance, inactivity, and withdrawals from an account.

Does Forex4You Charge Inactivity Fee?

Yes, Forex4You charges an inactivity fee by deducing the balance from the trader's inactive trading account. For example, if you do not place a trade or have any open trades on the platform for 12 months or more, you will be charged an inactivity fee of $10 per month.

If you're using a different currency for your account, an equivalent of $10 will be charged as an inactivity fee. After an idle period of 24 months, Forex4You increases the fee to $20 a month.

Does Forex4You Charge Withdrawal Fee?

There are no Forex4You withdrawal fees as the broker does not charge a fee for withdrawal, deposit, or transfer between accounts. However, note that the payment system you use for withdrawals may charge a commission.

For example, if you make a withdrawal via bank transfer, your bank may charge a commission for the service. Moreover, all payment systems have restrictions, requirements, and transaction limits you need to follow.

Does Forex4You Charge Other Fees?

Non-trading fees can vary greatly from broker to broker. Therefore, it's essential to be aware of all the fees a broker charges before opening an account. That way, you can ensure that you're not being charged hidden or unexpected fees.

Besides the fees mentioned above, Forex4You does not charge any other fees. If you want more information about the Forex4You withdrawal fees due to the commission taken by the payment system, you can check the website of the payment system you use.

Forex4You Financing Rates

Equity Leverage

From $0 to $10 000

1:1000

From $10 000 to $100 000

1:500

From $100 000 to $250 000

1:200

From $250 000 and more

1:100

Forex4You Swap

The swap rates on a trading platform are the prices at which a trader can buy or sell currency pairs. The swap rate is the interest rate that a trader pays or earns for holding a position overnight. Swap rates are determined by the overnight interest rates of the currencies involved in the trade.

The swap rate is vital for traders to understand because it can impact their trading practices. Forex4You's swap rate is much higher than other brokers. Therefore, traders should be familiar with the table below.

Forex4you RoboForex Exness

GBPUSD short

-0,459

-0,1

-0,13

GBPUSD long

-0,493

-0,41

-0,16

EURUSD short

-0,085

0,19

-0,34

EURUSD long

-0,765

-0,76

-0,05

USDJPY short

-0,748

-0,8077

-0,04

USDJPY long

-0,272

0,0214

-0,36

Rebate From Traders Union

If you want to lower your Forex4You fees, simply register on Traders Union. When you open an account using TU’s partner link, you can receive compensation for your spreads on Forex4You.

For the ProSTP account, the compensation is $5 per lot. Meanwhile, for Class, Cent NDD, and Cent accounts, Traders Union gets reimbursement of 85% of the commissions and spreads. You will get 80% of this amount.

How to earn more with TU rebate?

Top 5 Forex4You Reviews

  • Forex4you

    urvis310@gmail.com

    17.05.2024

    Comment

    There is nothing as cool as having someone attending to your trading needs promptly. Forex4you customer service is responsive and they integrate flexible channels for contacting customer support teams. Recently I contacted them to inquire about trading bots. The customer service agent was quick to get back to me that they do not develop or sell trading bots.

  • Forex4you

    Hk7789051@gmail.com

    15.04.2024

    Comment

    As a beginner trader, you can trade with experienced traders strategies, profit, and cashout without knowing how to truly analyze the market on Forex4You. The share4You service is copy trading service where inexperienced traders follow the activity world class traders and can copy their trades. Start by signing up for share4you once you are logged in, you will be presented with a list of many traders you can copy from. I would use the filter to select a traders based on performance, risk, commissions, profile, etc. Using the filter helps you focus on the type of traders you want to copy. So to start copying, click on the trader you want to copy, enter the investment amount which must be equal or higher than the minimum, then click start copying to proceed. You will be redirected to deposit the investment amount you choose instead if you have not funded your account yet.

  • Forex4you

    bundalo.radovan@yahoo.com.hr

    04.04.2024

    Comment

    FOREX4YOU is a low-cost trading platform with a minimum trade volume of 0.01 for all five account types on Forex4You. The cent Pro and classic have a floating spread starting from 0.1 pips, the classic standard account starts from 0.9 pips while the fixed and classified accounts have a fixed spread starting from 2 pips. Since I trade with the pro cent account, I trade with leverage starting from 1:10 to 1:50 with a minimum trade volume of 0.01 lot and a floating spread of 0.1 pip.

  • Forex4you

    Zulqarnain099@gmail.com

    21.03.2024

    Comment

    Becoming a top trader is a mile you can cover without committing any funds if you trade with the Forex4You MT4 demo account. The trading environment you trade on the demo account is the same as the one you will be using when you trade on a real account. You have everything you need on the demo account, ranging from the chart types to the indicators, risk management tools, and unlimited opening of orders. One of my favorite indicators is the MACD and it is my favorite when I want to identify moving averages that are about adapting a new trend. To know when there is a new trend the MACD line (blue line) which is the faster moving average, crosses the signal line (red line) which is slower.

  • Forex4you

    sanel

    11.12.2023

    Comment

    Forex4you has a good service. Although I can’t say that there are no problems at all. Sometimes they charge a fairly high fee for copying trades. Although, I don’t understand why one account has a higher subscription fee than another. Alsol, it happens that the Forex4you platform malfunctions. But in general, you can trade profitably here.

FAQs

What are Spreads on Trading Platforms?

A spread is the difference between the bid and ask price of a security or asset. The bid is the highest price that a buyer is willing to pay for an asset, while the ask is the lowest price that a seller is willing to accept.

What are Forex4You Withdrawal Fees?

Forex4You does not have any withdrawal fees. However, you will have to pay the processing fees for the payment system, such as Nettler or credit card.

Is Forex4You Cheaper than Other International Brokers?

Forex4You has high trading fees as compared to many other international brokers. However, the lack of a minimum deposit and withdrawal fees makes it ideal for traders who want to save on non-trading fees.

Is Forex4You Good for Beginners?

Forex4You is a good choice for beginners as it has low minimum deposit requirements and provides access to a wide variety of assets. However, the broker's high fees may not be suitable for all traders.

Glossary for novice traders

  • 1 Broker

    A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.

  • 2 Trading

    Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.

  • 3 ECN

    An ECN, or Electronic Communication Network, is a technology that connects traders directly to market participants, facilitating transparent and direct access to financial markets.

  • 4 CFD

    CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.

  • 5 Leverage

    Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

Team that worked on the article

Alex Smith
Cryptocurrency and stock expert

Alex Smith is a professional day trader for a proprietary trading firm within the foreign exchange (forex) and crypto markets. His area of expertise is day trading and swing trading within the 15min-4hr time frames for both the London and NY open.

Jason Law
Contributor

Jason Law is a freelance writer and journalist and a Traders Union website contributor. While his main areas of expertise are currently finance and investing, he’s also a generalist writer covering news, current events, and travel.

Jason’s experience includes being an editor for South24 News and writing for the Vietnam Times newspaper. He is also an avid investor and an active stock and cryptocurrency trader with several years of experience.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).