Forex4you Review

Forex4you was founded in 2007, and over the past 16-year period, it has opened two million accounts and one billion orders have been executed. This broker is located in the British Virgin Islands and is licensed and regulated by the local regulator, the Financial Services Commission (BVI FSC), regarded as a tier-3 regulator and others including SVG.

In this Forex4you review, we determined that this broker is global, with a presence in Asia and Africa. Trading accounts opened and currently advertised on the website total 1.4m.  The customer base is primarily located in Southeast Asia, India and Russia, with multilingual support available.

The company has won numerous industry awards, including Best Partnership Program 2022 from International Business Magazine, Best Forex Broker Asia 2023 from International Investor Awards, and Best Trading Platform 2023 from AtoZ Markets. In 2013, it launched its proprietary social trading platform Share4you, which allows traders to learn and earn by copying the trades of other more experienced traders. Experienced traders can also benefit by sharing their trades to earn more.

Forex4you provides a wide range of general educational resources, from webinars to video tutorials, plus a trading school.

Forex4you strives to establish long-term relationships with clients and partners.

Forex4you offers 150+ trading instruments, including trading 50+ forex pairs and CFDs for indices, commodities (gold, Brent and WTI), and stocks of the largest and best-known companies. Multiple trading platform options provide customers with MT4 and MT5 capabilities and proprietary systems that support the firm’s copy-trading service, Share4you.

Forex4you provides a detailed list of tradeable instruments on its website. Customers and reviewers claim the number of assets supported is sufficient for the majority of traders, especially beginners.

Forex4you Trading account types

Forex4you provides five account types, along with a free demo account. A detailed comparison of each account is provided on the website under the “Trading” tab, but a summary of each available account type is as follows:

• Cent Fixed: permits trading in cents in 80+ instruments with fixed spreads from 2 pips. Ideal for beginners making small deposits or those wishing to test a trading strategy in real time. Forex trading can be started from $1.
• Classic Fixed: permits trading in 80+ instruments with fixed spreads from 2 pips. This account is for a variety of trader types, but the experienced trader aspiring to be a leader in the copy-trading network may be particularly suited.
• Cent Pro: permits trading in cents in 95+ instruments with floating spreads from 0.1 pips and a commission of $10 per lot. Ideal for beginners with small deposits or those wishing to test a trading strategy in real-time with micro lots.
• Classic Pro: permits trading in cents in 120+ instruments with floating spreads from 0.1 pips, a commission of $8 per lot, and no minimum deposit. Ideal for professional traders with large volumes.
• Classic Standard: permits trading in 120+ instruments with floating spreads from 0.9 pips and zero commissions. Ideal for more experienced traders with large volumes.

All accounts benefit from fast execution speeds. Base currency options are for USD and EUR. Leverage runs from 1:10 to 1:1000, depending on your trading account’s equity. The upper limit for the Classic Standard account has been raised to 1:2000, but this account cannot be used for Share4you copy trading.

Forex4you Commission and fees

Forex4you provides tight spreads, and account classifications vary from fixed to floating and from a commission basis to no commission. To help traders make a more informed choice, a comparison of each account type is presented on the firm’s website.

Fixed spreads start at 2 pips, and floating from 0.1 pips. An inactivity account fee of $10, 10 Euros or 750 Rupees or equivalent chosen currency per month applies if there has been no trading for 12 months as per the Client Agreement.

Forex4you Platforms and tools

Forex4you offers the popular MetaTrader family of trading platform products, including

Forex4you MT4, MT5 for demo account, and associated mobile apps. To its credit, the firm also provides its proprietary software system, both desktop and web-accessible versions, with associated mobile apps.

Forex4you Research

A complete trading school is available for beginners. Analytical research support includes news, an economic calendar from FXStreet, technical analysis updates on major currency pairs from Trading Central, and a variety of webinars. New Forex4you Indonesia, Hindi and Indian customers will find the website can be read in multiple languages, including Malaysian, Thai, Vietnamese, Indian and Bengali.

Forex4you ? Mobile trading app

MT4 mobile apps are supported, MT5 for demo account, and a Forex4you mobile app is available on the Apple Store and Google Play. Following the Forex4you login, you can trade on the go.

Should I trade with Forex4you?

If you are a trader that prefers more liberal promotional and leverage options than those provided by more conservative regulators , then Forex4you may be worthy of your attention. There are account types for both beginners and experienced traders, which offer alternative fee structures and product portfolios that can accommodate a variety of trader needs on both MT and proprietary platforms.

Forex4you operates client fund segregation which allows it to separate client funds from the company’s operating funds, helping to minimise risk. The firm prides itself on the development of cutting-edge technologies and innovations, which help to set it apart from its competitors.

A free demo account can provide a trial run before your final decision.

Pros and Cons

Pros:

• Tight spreads, both fixed and floating, and leverage levels above those allowed by more conservative regulatory standards
• A wide range of generous promotions and competitions offered
• MT4, MT5 for demo account, and proprietary trading platforms supported
• Trading school and video tutorials

Cons:

• Based in a foreign locale with offshore regulatory oversight
• No residents accepted from the US, Canada, Japan, Australia, Israel, or the European Economic Area

FAQs

What trading platforms does Forex4you offer?

Forex4you offers MetaTrader 4 and 5 platform products and a proprietary desktop and web trader version. Platforms can also be accessed via mobile apps, and the broker supports an internally developed copy-trading system.

Is Forex4you regulated?

Forex4you operates out of the British Virgin Islands and is authorised and regulated by the Financial Services Commission (BVI FSC), a tier-3 level regulator, alongside that held with SVG. In compliance with regulatory standards, client funds are segregated from company operating funds, and only major global banks are used as liquidity providers for added safety considerations.