XM vs Forex4You - Fees Review included
Which broker is better XM or Forex4You? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. Forex4You is one of the top brokers in the financial market with the TU Overall Score of 8.3 out of 10. Find out more about TU Overall Score.
| Feature | XM | Forex4You |
|---|---|---|
Overall |
4.5 |
4.4 |
4.9 |
4.3 |
|
4.3 |
4.0 |
|
4.4 |
4.1 |
|
Investment Instruments |
4.4 |
4.8 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.4 |
Research |
5 |
4.5 |
Education |
5 |
4.4 |
Support |
4.6 |
4.5 |
Bonuses |
5 |
5 |
|
|
|
XM vs Forex4You: Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | Forex4You | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Trading With Leverage up to 1:1000 |
| Strong research tools | 2 types of cent accounts | |
| Strong education | Share4You copy trading platform | |
| Big Forex bonuses | Forex bonuses | |
| Free deposit and withdrawal | Instant withdrawal of funds | |
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads | Not a big choice of trading assets |
| High fees |
XM vs Forex4You: Safety and Regulation
| XM | Forex4You | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
£85,000 €20,000 |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
No |
Yes |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
XM vs Forex4You: Trading Conditions
| Trading Conditions | XM | Forex4You |
|---|---|---|
Minimum Deposit |
$5 |
$1 |
Trading Platforms |
MT4, MT5 |
MT4, Forex4You |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-1000 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Currencies, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
1300+ |
100+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Cent, Cent NDD, Classic, Pro STP |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR |
XM vs Forex4You: Fees
| XM | Forex4You | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,2 |
2,0 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,2 |
0,3 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
10-100 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs Forex4You: Trading Assets
| Asset Name | XM | Forex4You |
|---|---|---|
Overall |
1300+ |
100+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes |
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 |
XM or Forex4You: Investment Programs
| Asset Name | XM | Forex4You |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Forex4You or XM
| XM | Forex4You | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
Forex4You |
Others |
No |
No |
|
|
|
XM vs Forex4You: Deposit and Withdrawal Methods
| XM | Forex4You | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs Forex4You: Research
| Research Type | XM | Forex4You |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
XM vs Forex4You: Education
| Education Type | XM | Forex4You |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
Forex4You vs XM: Support
| Support Features | XM | Forex4You |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XM vs Forex4You: Forex Bonuses and Promo
| Promo | XM | Forex4You |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
5-100% deposit bonus |
Affiliate Program |
Multi tier affiliate program |
Up to 50% of referrals spread |
Other Promos |
||
|
|
|
Top 5 Reviews on Forex4You
-
Comment
I opened a cent account with Markets4you and was pleasantly surprised by the ability to trade with a minimum lot size of just 0.01. This is a real find for testing advisors and strategies. The platform makes it easy to combine active trading with passive investments through Share4you. Over the past three months, I managed to grow my deposit from $30 to $55 just by copying trades and making a few independent entries in oil.
-
Comment
I was really impressed with the level of support at Markets4you — they respond to any inquiry within 8 hours, even on weekends. I contacted them about an issue with bonus display, and they resolved it quickly by manually crediting a $25 deposit bonus. The bonus program itself is very beneficial: I received a 30% bonus on my first deposit, and there are frequent cashback offers of up to 50% through promotions. Everything is transparent, and all bonuses are clearly visible in the personal account.
-
Comment
Markets4you is the best option for those just starting out in trading. You don’t need any capital to begin — the minimum deposit starts from $0! On a cent account, you can place trades from as little as 2 cents, which allows you to practice and test strategies without risk. In six months, I haven’t had any losses, but I managed to grow $10 into $54 just by using steady money management and trading EUR/USD with a low spread.
-
Comment
I chose the broker Markets4you almost by chance — I liked the conditions for the minimum deposit, as you can actually start from $0, which is a unique offer in the market. At first, I used a demo account, then deposited $30 and started testing a standard account. I was impressed by the low spreads — for EUR/USD they consistently stayed around 0.2–0.4 pips, even lower than the stated minimum. After a month of active trading, I managed to earn $68 in net profit. The high leverage was a big help — I traded with 1:500 leverage, which shows how flexible the broker is, allowing access to larger volumes even with small deposits.
-
Comment
I was looking for a broker to test scalping, and it was important that there were no restrictions and that spreads were tight. I registered with Markets4you after a friend’s recommendation — no minimum deposit required and transparent commissions. In the first month, I was slightly in the red but then turned a profit; now I have $300 in my account, with $60 being net profit over the last six months. I also want to highlight the fast verification process and the cashback loyalty program, which returns about $10–15 per month.
Top 5 Reviews on XM
-
Comment
XM Group offers convenient support — available five days a week via chat and email. I once had to resolve a verification issue, and everything was handled within 30 minutes. I was pleased with the wide selection of terminals: although all are MetaTrader, there are 16 different versions for various devices. I trade on both my smartphone and laptop without any problems. Another plus is the full report on all commissions and transparent conditions — I’ve never encountered any hidden fees.
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
-
Comment
I discovered XM Group through the Traders Union rankings — the company ranked among the top brokers. I was impressed by the range of instruments: over 1,000 tradable assets, including 55+ currency pairs, stocks, indices, commodities, and even palladium and platinum. Spreads are very tight, with no markup on most pairs. I especially appreciated the execution speed: 99.35% of orders are filled in less than a second, and I can confirm that personally — I haven’t experienced any delays or requotes. Over the past four months, I’ve made around $700 trading currencies and commodities.
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.