Forex4You offers clients the opportunity to get passive income using its proprietary copying service — Share4You. The platform is available in both web and mobile iterations. On Forex4You copy trading is carried out on a separate trading account called Share4You, which can only be accessed after registration.
Below you will find an overview of the copy trading platform. You’ll be able to find out about its functions and how to get started. Traders Union will also take a look at the reviews of the platform by actual clients of the copy service.
What is copy trading?
The first copy trading services appeared in 2010. Since then, the phenomenon has developed and expanded rapidly. The essence of copy trading is that the client can copy the trades of more experienced traders (also aka managing traders, strategy providers, or signal providers). After the user subscribes to the managing trader, all trades that he opens will be automatically copied to the user’s trading terminal.
Trade copy services are often used by beginners to make a profit without having sufficient skills or experience to work in Forex. Also, copy trading is used by investors to get additional profit. Such platforms can help increase a trader’s budget, but they do not guarantee 100% success. The risks of losing money remain.
What is Share4You from the Forex4You network in 2024?
The platform used for copying trading |
Share4You |
Regulators |
The British Virgin Islands |
Minimum investment for copying |
MT4 |
Commissions to managing traders |
Profit percentage - 5-50% |
Broker’s commissions |
Commission for a lot of fixed volume - from 2 to 8 USD; |
Deposit and withdrawal of funds |
Cards, Neteller, Skrill |
Markets for copying |
Forex, CFDs on stocks, commodities, stock indices, cryptocurrencies |
Number of instruments |
150+ |
EUR/USD average spread |
2 |
Network Scale |
1704 signal providers |
Review of the Forex4You copy trading platform
Share4You from Forex4You copy trading service looks technically well developed and convenient. To access the platform, you need to select the Share4You tab at the top left part of the screen. The interface of the copy trading platform looks like this.
Review of the Forex4You copy trading platform
Statistics of the managing traders
To view the statistics of traders-managers, you need to click on the trader’s profile. The copy trading platform Forex4You provides a statistical overview of each strategy provider. All information is presented in the form of infographics, pie charts, graphs, etc. The first infographic that the Forex4You copy trading service offers is the gain graphic. You can choose to view the daily, monthly, or total gain for the entire time of trading.
Share4you review - Statistics of the managing traders
Before copying trades, you can familiarize yourself with the risk statistics of a manager’s strategy. The broker offers infographics by the degree of risk of monthly trading. In this example, we can see that the strategy provider prefers low-risk trading. It also contains information on stop loss and maximum drawdowns for the selected period, which is also valuable data for assessing the risks of the strategy.
Share4you review - Risk history
Share4You also provides followers with growth data. The information is presented in the form of a graph. You can view statistics for different periods, from three days to the whole lifetime of the manager’s/your account. Also, you can see the total number of followers, the amount of capital of traders who copy trades, as well as the total amount of their gains.
Share4you review - Followers
Trading statistics
In the strategy provider’s account, you can also view trade statistics. There you can get the following information:
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statistics of trading tools used;
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detailed information about open trades.
On Forex4You, trades can be copied on standard and cent (micro) accounts. Information on trades on different types of trading accounts is provided separately. Data can be viewed by day, week, month, or for the whole time.
Share4you review - Trading statistics
News and reviews
Share4You is not only a copy trading platform but a social network for professional communication. The Forex4You copy service has a section with traders’ statistics where strategy providers can inform clients about account changes, about opening new trades as well as publishing trading recommendations, etc. Also, this section publishes ratings and user reviews. You can leave your review after subscribing.
Share4you review - News and reviews
Additional statistics
In the Stats section, traders can find additional information. For example, Frequently traded is quite interesting. Here you will find detailed information about the tools that the strategy provider works with the most. The broker indicates the following information:
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tool type;
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average profit;
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total number of trades;
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average loss;
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percentage ratio;
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total profit as a percentage.
Share4you review - Additional statistics
Share4You offers an interesting chart that includes the ratio of equity, balance, deposits, and withdrawals. The chart can also be configured for different timeframes, from three days to all-time viewing.
Share4you review - Balance
Pros and cons of copying trades on NAGA
👍 Pros
• Well-thought-out design
• Advanced statistics
• Convenient search with many filters
👎 Cons
• High commissions
• Broker regulation in an offshore jurisdiction
How to find the right trader to copy on Share4You
There are two sections for viewing strategy providers on Share4You:
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Leaders
here you will find an overview of all managers offering to copy trades;
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EA to Copy – Expert Advisors
are represented in this section. These are the most successful and popular strategy providers.
There is also the Watched tab. This list includes traders whose statistics you have already studied. This allows you to narrow your search and select strategy providers from among those you have already viewed.
Share4you review - The Watched tab
Traders search
In the list of strategy providers, you can view not only the account name and the username of the manager but also a brief overview of statistics. In the overview you will find the following data:
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gain for the last 30 days;
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total gain;
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dynamics of gain growth over the last 30 days;
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number of followers;
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followers growth for the last week;
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strategy’s degree of risk.
If you want to follow a specific trader, you can use the Search tab. Enter the manager’s username into the search tab and the system will give you the result.
Share4you review - Traders search
Search filters
The filter tool also helps the user to find and select a trader. On Forex4You Copy Trading, it is well-thought-out, and the broker offers a fairly large number of indicators to choose from. Share4You has five filter categories with different parameters. Take a look:
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Performance
gains for 30 days, profitable trades (data is indicated as a percentage, you can specify the minimum and maximum values);
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Risk
degree of risk (very high, high, medium, and low), drawdown, volatility;
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Commission
the type of the trader’s commission;
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Profile
profile working time, account type, account currency, the average time of trades, trading method, number of trading days per month, the capital. You can also set the filter criteria choosing “with photos only” and “with reviews only”;
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Social
the minimum and maximum number of followers;
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There is also a Featured Lists category.
The lists contain traders who meet certain requirements.
Share4you review - Search filters
How to start copying traders on Forex4You
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1
After you register and log in, you will see an overview of your current trading accounts. On the same screen, you can view subscriptions and statistics of traders whose trades you are copying. To access the Share4You tool, you need to click on Add Follower Account.
Share4you review - How to start copying traders on Forex4You
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After you go to the Share4You page, you can click on the trader profile in which you are interested. Be sure to pay attention to the account description. It may contain important information, for example, the size of the minimum deposit for copy trading. To follow a strategy provider, you need to click the Copy button to the right of the description.
2Share4you review - The trader profile
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3
Next, the system will ask you to set a budget for copying trades. The strategy provider can set a minimum size. After you select the amount that you are ready to allocate for this trader, you need to confirm the copy by clicking the Start To Copy button.
Share4you review - The start to copy button
Can I make money using Share4You?
Copying trades can be profitable on Forex4You. The profitability of traders depends on the trading tools the strategy provider employs, the degree of risk of the strategy, the amount you invest. According to the broker, the average return on the platform is 10% per month. If you want to know about other ways how to make money on Forex4you, read the Traders Union article.
Important!
However, you face risks when copying trades. You also run the risk of losing money just like when you are trading on your own. Therefore, it is necessary to competently approach risk management.
What does Share4You copy trading cost?
Forex4You and its Share4You copy trading platforms do not charge any additional commission. Trades are subject to standard commissions, depending on the type of trading account you choose. The level is the following:
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Cent – fixed spread of 2 pips; commission – 0%;
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Classic – fixed spread of 2 pips; commission – 0%;
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Cent NDD – floating spread from 0.1 pips, commission is 0.1 USD per lot;
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Pro STP – floating spread from 0.1 pips; the commission is 8 USD per lot.
Commissions on the platform are considered quite high, which worsens the impression of copy trading on Forex4You.
Also, there is a commission for strategy providers for copying trades. Fees can be charged in the following way:
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per lot of the fixed volume (from 2 to 8 USD);
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percentage of gains (5-50%).
The type and size of commissions are set independently by the strategy providers. You can select a trader with a preferred type by selecting the appropriate item in the filters.
Is Forex4You copy trading safe?
The Forex4You broker is registered in the British Virgin Islands. The company was licensed by the local regulator (BVI FSC). The license number is SIBA/L/12/1027. Due to the offshore registration of the company, we have lowered its reliability in this review.
We recommend that you pay attention to the leaders in the rating The Best Social Trading Platforms, where there are many companies registered in the EU, USA, UK, and Australia. We believe that these jurisdictions provide a higher level of control over the activities of financial institutions.
Summary
Share4You from Forex4You is an interesting copy trading service. The broker presents a well-developed platform that is quite convenient for traders. However, it cannot be called great, as only 1704 strategy providers offer their services here. For example, there are over 100 thousand signal providers on eToro. The process of selecting the parameters on Share4You is quick and easy. It is worth noting the small size of the minimum deposit for copy trading, which is only 50 USD.
However, the broker has fairly high commissions and spreads. In addition, many strategy providers charge high copy trading fees. Overall, however, Share4You can be considered good for both beginners and investors who wish to use copy trading to diversify their investments.
Expert’s opinion
From the point of view of the quality of execution, there are practically no issues with Share4You. The design is pleasing to the eye and well-developed. The choice of strategy providers for copy trading is quite convenient and there are filters with a large number of criteria. The advantage of Share4You is a large number of statistics about its managing traders. It is presented in a very convenient format, and you can view data on different timeframes.
The impression of the copy trading service is not the best one due to its high commissions and registration by a regulatory agency that is offshore. The British Virgin Islands is not the safest jurisdiction for Forex traders. However, for traders who want to learn how to trade by watching their more experienced colleagues, this option is not that bad.
Antony Robertson
Traders Union financial analyst
Reviews of Share4You
Share4You is a really cool platform! It is very nice and simple, I easily figured out all the processes without help from support. Many traders earn here. The platform really helps to increase the deposit! I am completely satisfied with the service.
John Creed
freelancer
London
I have been working with Share4You for three months, and I have not noticed any serious shortcomings. Nice interface, everything works quickly, and you can connect in three clicks. However, my profit in the first months was only 5%. This is a little disappointing.
Wattana Rocca
trader
Thailand
It is very difficult to trade on a platform with such high spreads. The high commissions of strategy providers are also unsavory. The choice of traders is relatively small, and therefore the successful ones make their copying fees too high.
Rupinder Montana
investor
India
FAQ
What terminal is used on Share4You?
Copy trading in Share4You is carried out on the MetaTrader 4 trading terminal.
What account currencies does Forex4You support?
For deposits and withdrawals, two base account currencies are used: USD and EUR.
What are the risks when working with the copy trading service?
Trading risks are the main ones. As in any investment field, you can both make money and lose it. To minimize risks, it is worth diversifying your portfolio and carefully considering the choice of signal providers.
Is there a limit on the number of traders you can follow?
No. You can follow any number of strategy providers.