Market Cap:
$223B
BTC Dominance:
65.89%
btc:
$8,151.45
eth:
$176.93
xrp:
$0.25
Advertise
7/10
Overall Rating

Forex4you Review

Read this Forex4you broker review before opening your account. Is Forex4You a reliable Forex broker or is it a scam broker? Find out more with AtoZ Markets Forex broker review of Forex4You.

Forex4You Forex CDF online trading company was established in 2007 and is the brand name of holding company E-Global Trade and Finance Group Inc. The Forex brokerage firm is registered in the British Virgin Islands and specializes in offering forex trading online for retail traders all over the world. Forex4you is known of its extremely seriousness about client fund security, being regulated by the Financial Services Commission (FSC).

Overview

Company
7/10
Trust
7/10
Trading Platform
8/10
Account Types
8/10
Cryptocurrency
8 /10
Costs
7/10
Customer Support
8/10
Regulation
6/10

At AtoZMarkets.com we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, we go in-depth. Often we will also open live and demo accounts and test brokers directly!

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in the case of this Forex4you broker review. Please see the following article on how we conduct our broker reviews.

In this review, we look into Forex4you.

Company

7/10

As a known broker in the Forex exchange venue, Forex4you constantly increases the level of its share capital and reserves, which results in increasing the cumulative percentile ratio to clients’ assets increase from year to year. Its proven policy in the market, allows it fund adequacy which makes it doable for the company to mitigate any possible financial risks during the turbulent market times, but also to maintain and ensure a reliable functioning of the company in the long-term perspective. Keeping them in a variety of banks simultaneously, Forex4you ensures proper client fund segregation from the company’s operating funds, as measure for decreasing risks in the unlikely event that the company becomes insolvent. For the aforementioned, the company deals only with the regulated financial institutions, in addition to having multiple FIX API connections with several European regulated liquidity providers. Forex4you was granted many awards for its performance and well reputation, which are: 

  • Forex Broker of the Year 
  • South East Asia 2017 IAIR Award 
  • Best Quality Service 
  • FOREX Broker 2015 MENA Forex Expo 
  • Best Forex Broker in Russia and CIS 
  • 2013 Forex Expo Awards 
  • Award for creating social trading platform 
  • Forex market 2013 Forex Expo Awards 
  • Best Forex Broker - South-East Asia 2013 IAIR Award 
  • Best Forex Company in the field of affiliate programs 2013 RACE Awards

PROS
Support available in a number of different languages including Mandarin, Russian, Cantonese, Vietnamese, Malay and Thai.
A good choice of trading accounts.
Low spreads that are reasonable.
Customer support is responsive
Education center that is very informative
Payment options are good, and include support for Payoneer MasterCard
CONS
None, according to the surveys and customer feedback.

Trust

7/10

The company is regulated, operates for the last 12 years, and goes through yearly KPMG audit.

Trading Platform

8/10

Forex4you provides the cutting-edge proprietary technology or ever-popular MetaTrader 4 platform, Forex4you mobile app, Forex4you WebTrader, and Forex4you desktop. All were tailored for making trading from one account on multiple platforms available simultaneously and easily accessible.

 

Account Types

8/10

Starting with the Demo account, Forex4you gives those who want to have a feel about dealing with the company an opportunity for that. The Demo account allows going on a test drive and using the virtual money in a demo environment.

  • Cent account supports the following trading instruments: 40+ currency pairs, 2 commodities, and 35 stocks. This type of account is convenient for beginners wanting to test Forex4you service, those wanting to test an expert advisor, traders exercising a trading strategy with micro lots, and traders with small deposit amounts.
  • Cent NDD account, with support for the following trading instruments: 35+ currency pairs, 2 commodities, and 50+ stocks. It suits those who are beginners in the world of trading, allowing starting in cents with no minimum deposit amount, gets market order execution and floating spreads.
  • Classic account, which supports the following trading instruments: 40+ currency pairs, 2 commodities, and 35 stocks. This account is suitable for those more experienced traders, and traders aiming at excelling as a Share4you leader or a PAMM trader.
  • Classic NDD account, being described to be for “experienced market players”, and traders aiming at excelling as a Share4you leader, this type of account supports the following trading instruments: 35+ currency pairs, 4 commodities, 50+ stocks, and 5 cryptocurrencies.
  • Pro STP account, an account that supports the following trading instruments: 40+ currency pairs, 4 commodities, 50+ stocks, 15 indices, and 5 cryptocurrencies.

Forex4you accounts provide full freedom with floating spreads from 0 pips, one-click trading and level 2 quotes for visibility of market depth. The account has market execution with no requotes. Bitcoins are also available for trading. This type of account is recommended for those trading large volumes, traders exercising scalping strategy, and traders with expert advisors.

Cryptocurrency

6/10

Forex4you clients can trade popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin.

Costs

7/10

Customer Support

8/10

Forex4You has equipped itself with a capable support staff, which can be reached to through live chat, social media, email (info@forex4you.com), a ticket system, as well as through a live calling app, along with calling the toll-free phone numbers available. The broker’s main support number is +44207 193 9932.

Regulation

6/10

Forex4you is authorized and licensed by the Financial Services Commission (“FSC”) under the Securities and Investment Business Act, 2010 (“SIBA”) in the British Virgin Islands. The company adheres with all of the industry best practices and international standards, follows policies that focus on transparency, protection of customer interests and law-abiding performance. It sports license # SIBA/L/12/1027. The company is also independently audited by KPMG (BVI) Ltd.

Conclusion

As per our research, Forex4you is secure, reliable, regulated and provide a professional trading environment for clients who are new or professional in Forex or CFD trading. However, we always recommend to do your own research before opening an account with a forex broker.

Reviewed By

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