Forex4you Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0 USD
- MT4
- MT5
- Forex4you
- BVI FSC
- 2007
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0 USD
- MT4
- MT5
- Forex4you
- BVI FSC
- 2007
Our Evaluation of Forex4you
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Forex4you is one of the top brokers in the financial market with the TU Overall Score of 8.57 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Forex4you clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Forex4you is an all-in-one broker for active and passive trading, rates well for both novice traders and professional level traders.
Brief Look at Forex4you
The broker Forex4you started in 2007. The company provides a full range of active and passive trading services in the Forex market. The company runs its operations in the British Virgin Islands, under the license BVI FSC (license number SIBA/L/12/1027). Forex4you is committed to responsibility and professionalism. In 2018, according to Le Fonti, the company was awarded the ‘Best Broker’ which is the highest award achievable, and prior to this it has consistently won and received nominations for awards including ‘Forex Broker of the Year’ and ‘Best Service Quality’ nomination. Read more about Forex4You Available Countries.
- best trading conditions for novice traders;
- no trading restrictions on scalping and algorithmic trading;
- the possibility of passive income - social trading platform Share4you;
- the broker has an insurance for $10 million on a contingency basis;
- there are cent accounts with a minimum transaction amount of 2 cents.
- customer support responds to customer inquiries within 8 hours, even on weekends.
- Relatively high fixed fees on Pro accounts.
- Traders from the U.S, Canada, Japan, and EU countries cannot use services of the broker.
TU Expert Advice
Financial expert and analyst at Traders Union
Forex4you has established itself as a reliable partner that offers high quality trading conditions. There are cent accounts for beginners as well as professional ECN accounts with narrow market spreads. I would specially focus on the responsible approach to forming the rating of traders on the Share4you social trading platform, which allows traders to rank managers by risk level.
The brokerage company Forex4you is suitable both for those who just start to get acquainted with trading through to professional traders who build their own trading systems and entice investors to them. The broker has been cooperating with the Traders Union for more than a year, and during this time there have been no significant complaints about the work of this broker. Any issues that do arise, the customer support resolves quickly and with maximum benefit for the client.
The company's website allows you to quickly evaluate, analyze and compare all offers of active and passive trading. Due to a comprehensive full-featured service and a ‘client-first’ approach, the company gains the rightful leading position in the Traders Union ranking of Forex brokers.
- You are a novice trader and you want to start with favorable conditions. The broker offers a free demo account and a cent account with a minimum deposit of $1.
- You are a professional who wants maximum income from copy trading. Forex4you’s proprietary copy trading service is unique in paying additional bonus up to $8 per copied lot to signal providers.
- You want to trade on pro accounts with minimum fees. Forex4you offers floating spread from 0.1 pips on its Pro account, but the fee of $8 per lot is quite high.
- You need a long history of trades. Many traders analyze their trades over several years. Most Forex4you’s user accounts store 1-3 months of trading history. Only the Pro account provides for generating the history over the entire past year.
Forex4you Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4, Forex4you, МТ5 |
|---|---|
| 📊 Accounts: | Demo, Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, Classic Standard |
| 💰 Account currency: | EUR, USD |
| 💵 Replenishment / Withdrawal: | WebMoney, Neteller, Skrill, VISA, MasterCard |
| 🚀 Minimum deposit: | From 0 USD |
| ⚖️ Leverage: | Up to 1:2000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 — 200/1000 |
| 💱 Spread: | From 0.1–2.0 pips |
| 🔧 Instruments: | currency pairs, CFDs on stocks, stock indices, metals, and energies |
| 💹 Margin Call / Stop Out: | 50-100%/10-20% |
| 🏛 Liquidity provider: | MarketPlace (unique aggregator) |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Instant Execution, Market Execution |
| ⭐ Trading features: | Cryptocurrency trade; Relatively narrow spread; Free analytics |
| 🎁 Contests and bonuses: | Up to 100% for replenishment, up to 50% cashback |
Trading conditions at Forex4you are among the most attractive ones on the market. First of all, there are no requirements for the minimum deposit amount: according to the conditions, the replenishment amount is from $0 for all types of accounts. With a minimum transaction volume of 0.01, the trader is offered a leverage of up to 1: 1000, which is one of the largest values on Forex. Stop Out Level is 10–20% depending on the type of account.
Forex4you offers 150+ trading instruments, such as Forex pairs, indices, commodities, and stocks. Also, standard and cent accounts, cash back, as well as bonus and partnership programs are available. Forex4you provides access to the Share4you copy trading platform as a passive income option. Each trader can be both an investor and a signal provider.
Forex4you offers cent, classic, and professional accounts, which differ in spread. There are fixed spreads starting from 2 pips and floating spreads starting from 0.1 pips. Pro accounts have fixed fees per lot, which are $0.10 on the Cent Pro account and $8 on the Classic Pro. Copy trading on the Share4you platform is available on each of the accounts, except for the Classic Standard. The lock is allowed on all account types. Deposit and withdrawal methods include Visa/Mastercard cards and electronic payment systems, such as WebMoney, Skrill, and Neteller.
Forex4you Key Parameters Evaluation
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Radovan Bundalo 
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RS Belgrade 
There are cent accounts
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Trading Account Opening
To start earning with Forex4you and save on spreads using Traders Union, you need to take the following steps:
Register on the Traders Union website and follow the affiliate link to the broker website. On the main page, click the "Open Account" button.
Log in using the following information: phone number that will be used as your login, your first and last name, email address. A confirmation number will be sent to the specified phone number or email (at trader’s option), after entering the number the registration is completed. Before replenishing your account, do not forget to go through verification.
The following is available in the Forex4you personal account:
There are also many other useful functions and features:
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most recent analytics updated every 1-3 minutes. The section has a calendar that helps you find news in the archive;
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performance and profitability statistics for affiliate programs with infographics;
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trading statistics using the social trading platform Share4you;
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customer support (question or complaint) with an option to attach any files.
Regulation and Safety
Forex4you activities are regulated by the British Virgin Islands Financial Services Commission BVI FSC (license number SIBA / L / 12/1027).
BVI FSC — international regulator acting within the legal framework of European legislation. Strict control of regulatory requirements to the licensees — the guarantee of broker’s responsible performance and the safety of traders’ money in segregated accounts.
Advantages
- Segregated accounts, in accordance with all requirements of the regulator
- Negative balance protection
- Providing support in controversial matters involving an independent judge
Disadvantages
- The regulator does not consider the claims of private traders with minor amounts
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cent Fixed | from $0.2 | Yes |
| Cent Pro | From $0.01 | Yes |
| Classic Fixed | From $20 | Yes |
| Classic Pro | From $1 | Yes |
| Classic Standard | from $9 | Yes |
There are swaps (commission for transferring the position to the next day). We also made a comparative analysis of trading commissions in Forex4you with similar indicators of competitors. Based on this comparison, each broker was assigned a level from low to high by this criterion.
| Broker | Average commission | Level |
|---|---|---|
|
$12.6 | |
|
$1 | |
|
$8.5 |
Account Types
Forex4you offers several types of accounts to choose from. These are accounts for both the novice and professional traders. They differ in the speed of orders execution, the type / level of spread, the presence / absence of a commission.
Account Types:
Before opening a main account, you can check the broker's capabilities and the platform functionality on a demo account.
Forex4you is a company with an innovative philosophy where both the novice and professional traders will have a comfortable environment for implementing any type of strategies.
Forex4you - How to open, deposit and verify a trading account | Firsthand experience of TU
Deposit and Withdrawal
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Forex4you provides an instant money withdrawal upon the request of the trader. There are no restrictions on the number of requests. The withdrawal fee depends on the chosen electronic payment system.
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5 replenishment and withdrawal options are available: WebMoney, Skrill, Neteller, VISA and MasterCard credit cards.
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Money is credited instantly when withdrawing to electronic systems. When withdrawing to VISA and MasterCard credit cards, crediting may take up to 6 business days.
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Withdrawal and replenishment currencies — EUR, USD.
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For trading over $1,000, verification is required.
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There are withdrawl limits per each. For example, it is possible to withdraw up to $2,500 via Skrill.
Investment Options
Forex4you is the perfect broker for those who wish to combine active trading with passive investment. Technological platforms and best trading conditions allow to traders optimize the profitability of passive investments with minimal risks. PAMM accounts, social trading and diversified investment portfolios are the most popular services not only for investors, but also for traders who receive an additional commission with their help.
Share4you — a new way of copy trading
Share4you — fully automated copy trading platform that does not require downloading, knowledge or trading experience. The idea of this platform is that a trader conducting active trading gets into the broker rating. A potential investor selects a trader and joins his account. Trades are automatically copied to the investor's account. In case of a successful trading, the investor pays a predetermined commission from his profit to the trader.
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The number of traders that an investor can connect to is not limited. Thus, the investor can form his own investment diversified portfolio of many traders with strategies of different risk levels.
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An investor can at any time disconnect an account from a trader. This minimizes risks if it seems to the investor that the trader has started to conduct higher-risk trading or there is a possibility of loss.
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Instant copy speed. Copy trading speed on the Share4you platform is several milliseconds (ms), which is one of the highest rates on the market.
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Broker’s own risk assessment system.
Any person can be both an investor and a trader. The investor’s personal account displays the performance of copy trading and the average portfolio return. To become a trader, you just need to start trading - the account automatically gets into the rating with the assignment of a risk level. The higher the rate of return, the higher gets the position in the rating and the greater the chance to attract investors.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Forex4you affiliate program
Partnership programs provide the opportunity to earn additional income by inviting new active clients through a referral link. Forex4you offers the following partnership programs:
The Affiliate. This is a three-tier partnership program for developing a sub- partner network. The reward is up to 50% of spread and fees of the first-tier clients, up to 16.7% - from the second-tier clients, and up to 5.6% - from the third-tier clients.
The Agent. It is a one-tier program offering a reward up to 65% of each referral’s spread and fees.
ProSTP MarkUp. This is a program with a flexible approach to the formation of the partner’s fee. The reward is $7-$15 per each standard full lot traded by a referral.
The broker offers comprehensive free informational and technical support including marketing materials, assistance in developing campaigns, landing pages, widgets, banners, etc.
Additional Trading Tools
Forex4you offers several useful tools for comfort trading and fast decisions, namely:
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Economic calendar with additional filters. The calendar features information on future main events influencing asset price. Filters can help you quickly find necessary news and assess the degree of their possible impact.
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Plug-in for МТ4 with the Autochartist chart tools. It recognizes chart patterns, Fibonacci patterns, and finds main levels where it provides signals. It is provided free of charge upon account verification.
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Dow Jones news feed and Trading Central analytics. These tools feature main news, signals, and data of technical indicators. They are available in the user account upon registration.
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Trader’s calculator. This is a tool which calculates general expenses on spread, swap, margin amount, etc. according to basic input data.
Customer Support
The broker’s customer support is ready to provide any assistance 24 hours a day, 7 days a week.
Advantages
- There is a live chat and phone support
- Multilingual support
Disadvantages
- Doesn't always give the most complete answers
There are several ways to contact Customer support:
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directly by phone numbers indicated on the site;
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by email;
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via chat on the broker's website;
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via feedback form.
Customer support is available from the broker's website and from your personal account.
Contacts
| Foundation date | 2007 |
|---|---|
| Registration address | First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands |
| Regulation |
BVI FSC
Licence number: SIBA/L/12/1027 |
| Official site | forex4you.com |
| Contacts |
+44 207 193 9932
|
Education
To support trading, a separate analytical section has been created on the site with tools that will be of interest not only to the novice, but also to professionals.
Every tool listed above can be tested on a demo account.
Comparison of Forex4you with other Brokers
| Forex4you | RoboForex | Pocket Option | Exness | AMarkets | Libertex | |
| Trading platform |
MT4, MobileTrading, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App | Libertex, MT5, MT4 |
| Min deposit | No | $10 | $5 | $10 | $100 | 100 |
| Leverage |
From 1:10 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
| Level of margin call / stop out |
100% / 20% | 60% / 40% | 30% / 50% | No / 60% | 50% / 20% | 50% / 50% |
| Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | Yes | Yes | No | No | No | No |
Detailed Review of Forex4you
Forex4you is one of the leading companies providing services in the Forex market. The company sets the implementation of innovative data transfer technologies as its priorities, as it will reduce the trading time to a few milliseconds. Forex4you also introduces new trading tools that open up even more opportunities for traders to earn money. Forex4you is planning to expand the range of trading instruments by adding over 10 major cryptocurrencies.
A few figures about Forex4you that will be interesting for traders choosing a broker:
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1.4 million open trading accounts;
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more than 1 billion of executed transactions;
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more than 12 years of work in the Forex market.
Forex4you — the best broker for active and passive investment
Forex4you — one of those brokers who combine reliability, adaptability and optimal set of features for traders. The company offers several types of accounts: cent accounts - for beginners, classic and professional accounts. Forex4you simultaneously operates two schemes: transactions on cent accounts are satisfied within the system according to the B-Book scheme, transactions on classic and professional accounts are displayed on the foreign market using the STP and ECN mechanism (A-Book scheme). This allows the broker to guarantee traders order execution with an average speed of about 400 ms.
Traders registered with this broker work on the most popular platform - MetaTrader 4. Busy lifestyle fans use the company's copyright web service and the Forex4you mobile application. Those who own smartphones on the Android and iOS operating systems work simultaneously from multiple accounts.
Forex4you useful services:
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Autochartist. Software that allows you to build graphic shapes;
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Trading Central. Forecast made by technical analysis. By using the service, the trader can simultaneously get analysis of up to 6 currency pairs;
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Dow Jones News. With this service traders can get the news before they appear in the news feed - a tool to trade on fundamental analysis.
Advantages:
insurance of trader's risks by an independent company in case of unforeseen situations;
segregated accounts - customer accounts separated from the brokerage account for operations;
5 asset classes with over 150 CFD tools, including cryptocurrencies;
relatively narrow spread. There are accounts with fixed and floating spread;
there is a social trading platform with instant copy trading and a unique risk assessment system;
there is free analytics.
There are no restrictions on strategies - hedging and locking are allowed, there are no requirements for the minimum hold time in the market.
User Satisfaction