RoboForex vs Forex4You - Fees Review included
Which broker is better RoboForex or Forex4You? Our expert assessment conducted according to TU’s own methodology showed that RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9.71 out of 10. Forex4You is one of the top brokers in the financial market with the TU Overall Score of 8.57 out of 10. Find out more about TU Overall Score.
| Feature | RoboForex | Forex4You |
|---|---|---|
Overall |
4.9 |
4.4 |
4.6 |
4.3 |
|
4.9 |
4.0 |
|
5 |
4.1 |
|
Investment Instruments |
4.8 |
4.8 |
Platforms and Charting Tools |
4.9 |
4.5 |
Deposit and Withdrawal |
4.8 |
4.4 |
Research |
4.9 |
4.5 |
Education |
4.8 |
4.4 |
Support |
5.0 |
4.5 |
Bonuses |
5 |
5 |
|
|
|
RoboForex vs Forex4You: Pros and Cons
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
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.
| RoboForex | Forex4You | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:2000 | Trading With Leverage up to 1:1000 |
| Near 9000 supported trading assets | 2 types of cent accounts | |
| Low trading and non trading fees | Share4You copy trading platform | |
| Passive income with copy trading | Forex bonuses | |
| Great bonus programs | Instant withdrawal of funds | |
| Instant withdrawal of funds | ||
| Best choice of Forex EA, Forex bots builder | ||
| Advanced trading platforms | ||
| Overall Cons | Lack of cryptocurrency tools when trading on the R Trader platform | Not a big choice of trading assets |
| A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime | High fees |
RoboForex vs Forex4You: Safety and Regulation
| Regulated By: | RoboForex | Forex4You |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC (Belize) |
BVI FSC (British Virgin Islands ) |
RoboForex vs Forex4You: Trading Conditions
| Trading Conditions | RoboForex | Forex4You |
|---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
MT4, Forex4You |
Max Leverage (Futures) |
1-2000 |
1-1000 |
Supported Markets |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Currencies, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
8700+ |
100+ |
Trading Accounts |
Pro, Pro Cent, ECN, Prime |
Cent, Cent NDD, Classic, Pro STP |
Base Account Currencies |
USD, EUR |
USD, EUR |
RoboForex vs Forex4You: Fees
Forex Trading Fees
| Fee | RoboForex | Forex4You |
|---|---|---|
Standard Account EURUSD Average Spread |
1.4 pips |
2 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$8 per lot |
ECN Account EUR Average Spread |
0.1 pip |
0.2 pip |
CFD Trading Fees
| Fee | RoboForex | Forex4You |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | RoboForex | Forex4You |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
RoboForex vs Forex4You: Trading Assets
| Asset Name | RoboForex | Forex4You |
|---|---|---|
Overall |
9700+ trading assets |
100+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
RoboForex or Forex4You: Investment Programs
| Asset Name | RoboForex | Forex4You |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Forex4You or RoboForex
| RoboForex | Forex4You | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
R StocksTrader, RoboForex Terminals |
Forex4You |
Others |
No |
No |
|
|
|
RoboForex vs Forex4You: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | RoboForex | Forex4You |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
RoboForex vs Forex4You: Research
| Research Type | RoboForex | Forex4You |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
RoboForex vs Forex4You: Education
| Education Type | RoboForex | Forex4You |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
Forex4You vs RoboForex: Support
| Support Features | RoboForex | Forex4You |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
RoboForex vs Forex4You: Forex Bonuses and Promo
| Promo | RoboForex | Forex4You |
|---|---|---|
Forex Bonus |
Welcome bonus $30 Classic first deposit bonus up to 120% |
5-100% deposit bonus |
Affiliate Program |
Up to 40% of trading commissions |
Up to 50% of referrals spread |
Other Promos |
||
|
|
|
Top 5 Reviews on Forex4You
-
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.
-
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.
-
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.
-
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.
-
Comment
Forex4you is a normal exchange. Sometimes the platform freezes, precisely when there is a strong movement in the cryptocurrency market. Then only limit orders work for me; it is impossible to place a market order. Forex4you has enough cryptocurrency markets; I am not interested in exotic ones. I withdraw only to Bitcoin and Ether wallets, withdrawals come quickly.
Top 5 Reviews on RoboForex
-
Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
-
Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
-
Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!