Forex4you Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Forex4you fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of 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.
💰 Account currency: | EUR, USD |
🚀 Minimum deposit: | From 0 USD |
⚖️ Leverage: | Up to 1:2000 |
💱 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% |
Forex4you Commissions and Fees
Traders Union experts analyzed Forex4you trading conditions. Cent Pro and Classic Pro have fixed fees per each full lot of $0.1 and $8 respectively in addition to spreads. There are no deposit fees, but withdrawal fees are 0.8-2.5% subject to the payment method.
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Forex4you Minimum deposit
How to Start Making Profits — Guide for Traders
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
Brokers similar to Forex4you
When analyzing Forex4you, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Forex4you and other brokers.
Comparison of Forex4you with other Brokers
Forex4you | RoboForex | Pocket Option | Exness | FBS | FreshForex | |
---|---|---|---|---|---|---|
Trading platform |
MT4, Mobile Trading, MT5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, Mobile Trading |
MT4, Mobile Trading |
Min deposit |
No |
$10 |
$5 |
$10 |
$1 |
No |
Leverage |
From 1:10 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
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 0.2 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
$5 |
$30 |
Cent accounts |
Yes |
Yes |
No |
No |
Yes |
Yes |
Forex4you | RoboForex | Pocket Option | Exness | FBS | FreshForex | |
---|---|---|---|---|---|---|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Crypto |
No |
No |
Yes |
Yes |
No |
No |
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Stock |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
ETF |
No |
Yes |
No |
No |
No |
No |
Options |
No |
No |
No |
No |
No |
No |
Could I recommend Forex4you to a beginner trader?
Based on the results of the analysis, Traders Union experts have concluded that the fees charged by the broker are average. There are companies with lower fees. The broker offers a low minimum deposit, but average fees do not make this broker a good choice for novice traders.
Author at Traders Union
FAQs
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.