Review of Share4you Copy Trading Platform from Forex4You

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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?

layers

The platform used for copying trading

Share4You

currency

Regulators

The British Virgin Islands

coins

Minimum investment for copying

MT4

discount

Commissions to managing traders

Profit percentage - 5-50%

wallet

Broker’s commissions

Commission for a lot of fixed volume - from 2 to 8 USD;

wallet

Deposit and withdrawal of funds

Cards, Neteller, Skrill

markets

Markets for copying

Forex, CFDs on stocks, commodities, stock indices, cryptocurrencies

settings

Number of instruments

150+

dollars

EUR/USD average spread

2

node

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

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.

Review of the Forex4You copy trading platform

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.

Review of the Forex4You copy trading platform

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.

Review of the Forex4You copy trading platform

Share4you review - Followers

Trading statistics

In the strategy provider’s account, you can also view trade statistics. There you can get the following information:

  • statistics of trading tools used;

  • 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.

Review of the Forex4You copy trading platform

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.

Review of the Forex4You copy trading platform

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:

  • tool type;

    tool type;

  • average profit;

    average profit;

  • total number of trades;

    total number of trades;

  • average loss;

    average loss;

  • percentage ratio;

    percentage ratio;

  • total profit as a percentage.

    total profit as a percentage.

Review of the Forex4You copy trading platform

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.

Review of the Forex4You copy trading platform

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:

  • Leaders

    Leaders

    here you will find an overview of all managers offering to copy trades;

  • EA to Copy – Expert Advisors

    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

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:

  • gain for the last 30 days;

  • total gain;

  • dynamics of gain growth over the last 30 days;

  • number of followers;

  • followers growth for the last week;

  • 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

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:

  • Performance

    gains for 30 days, profitable trades (data is indicated as a percentage, you can specify the minimum and maximum values);

  • Risk

    degree of risk (very high, high, medium, and low), drawdown, volatility;

  • Commission

    the type of the trader’s commission;

  • 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”;

  • Social

    the minimum and maximum number of followers;

  • There is also a Featured Lists category.

    The lists contain traders who meet certain requirements.

Share4you review - Search filters

Share4you review - Search filters

How to start copying traders on Forex4You

  • 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.

    After you register and log in
    Share4you review - How to start copying traders on Forex4You

    Share4you review - How to start copying traders on Forex4You

  • 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.

    2
    Share4you review - The trader profile

    Share4you review - The trader profile

  • 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.

    Next, the system will ask you to set a budget
    Share4you review - 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:

  • Cent – fixed spread of 2 pips; commission – 0%;

  • Classic – fixed spread of 2 pips; commission – 0%;

  • Cent NDD – floating spread from 0.1 pips, commission is 0.1 USD per lot;

  • 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:

  • per lot of the fixed volume (from 2 to 8 USD);

  • 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.

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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

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

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

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

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.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

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
Author and editor at Traders Union

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!