Forex4you Review & Rating 2023

Forex4you is a forex and CFD broker. Founded in 2007 by E-Global Trade & Finance Group, Inc., Forex4you has become one of the most reliable and user-friendly online trading platforms. With its innovative social trading platform Share4you, users can access the financial markets with little to no experience in trading.

Forex4you provides traders with a wide range of tools and services to help them make informed investment decisions. The platform offers a variety of features, such as real-time market data analysis, automated trading systems, and risk management tools.

Products Offered by Forex4you

Forex4you offers a variety of instruments for trading, including Forex, Contract for Difference (CFD) stocks, indices, cryptocurrencies, and commodities. Let's dive into the details of the products. 

Forex

Forex4you offers a wide range of currency pairs for trading. These include major, minor, and exotic currency pairs, such as EUR/USD, GBP/USD, USD/JPY, and AUD/CAD. With Forex4you, you can take advantage of the volatility of the forex market to profit from rising and falling prices.

Stocks

Forex4you offers an extensive selection of stocks to trade with. With close to 100 stocks, traders can find a variety of options to diversify their portfolios. The user-friendly trading platform provides traders with the tools they need to make informed decisions. With competitive spreads and low commissions, Forex4you is an excellent choice for those looking to trade stocks.

Indices

With over 15 indices available, traders can diversify their portfolios and gain exposure to different markets. Indices offered by Forex4you include the Dow Jones Industrial Average, S&P 500, DAX 40, Nikkei 225, EURO STOXX 50, FTSE 100, Hang Seng, ASX 200, and more. With these indices, traders can take advantage of the opportunities in the global financial markets and benefit from price movements in various sectors.

Commodities

Forex4you offers a range of commodities for trading, including silver, gold, and WTI. Silver and gold are popular choices for commodity trading, as they are widely recognized as stores of value and have a history of being used as currency.

Cryptocurrencies 

For traders interested in investing in cryptocurrencies, Forex4you offers a diverse range of options. With access to popular cryptocurrencies such as Bitcoin and Ethereum, as well as lesser-known altcoins, traders at all levels can take advantage of this dynamic market.

Forex4you Pros and Cons

Here are some of the pros and cons of using Forex4you.

Pros

Accessibility: Forex4you offers a range of account types, including Cent Fixed, Cent Pro, Classic Fixed, Classic Pro and Classic Standard accounts, which cater to traders of all levels. This allows for greater accessibility to the forex market for both novice and experienced traders.

Technology: The broker utilizes a range of technology to enhance the trading experience, including the MetaTrader 4, MetaTrader 5 demo and Share4you social trading platforms.

Regulation: Forex4you is regulated by the Financial Services Commission (FSC) in the British Virgin Islands, which provides clients with a level of protection and transparency in their dealings with the broker.

Education: The broker provides a range of educational resources for traders, including webinars, video tutorials, and market analysis. This can be particularly helpful for new traders who are looking to learn more about the forex market.

Cons

Limited asset selection: While Forex4you offers a range of trading instruments, including currency pairs, commodities, and indices, it provides a limited selection than some other brokers in the industry.

Limited customer support: Some clients have reported that customer support can be slow to respond to queries and may only sometimes be able to provide satisfactory solutions.

Availability: Not available in some countries due to regulatory restrictions, including USA, Canada, Japan, Australia and EEA (European Economic Area).

How to Open An Account With Forex4you?

Here's how you can open an account with them:

Step 1: Go to the Website

Go to the Forex4you website and click 'Open Account' at the top of the page.

Step 2: Complete the Registration Form

Fill out the registration form with your name, email address, contact phone number, and country of residence. Once you have completed the form, click 'Next' to proceed.

Step 3: Choose Your Account Type & Currency

Choose your preferred account type and currency for trading (USD or EUR). If you are still deciding which is best for you, use their handy comparison tool to help you decide. Next, select your leverage ratio (1:10 – 1:1000) based on your risk appetite. Then click 'Next' again to proceed further.

Step 4: Verify Your Account

To enjoy Forex4you’s full range of services, you must first verify your account by providing documents such as proof of ID and proof of address along with other relevant documentation required by law. Once the documents are verified successfully, your account is now ready for trading activity!

Awards

Forex4you was granted many awards for its performance and well reputation, which are: 

• Best Transparent Broker 2022 by FX Daily Info

• Best Women CEO in Performance, Asia by Global Business Review Magazine 2022

• Broker of the Year - India, 2022 by Forexrating

• Broker of the Year Asia 2021 by International Investor Magazine

• 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

Bonus & Promotions

Forex4you has a '100% deposit bonus', a '50% cashback' and 'refer a friend' program. 

100% Deposit Bonus

Forex4you offers an incredible 100% Deposit Bonus program that allows you to double your capital and earn more. You can deposit as much as you want, and Forex4you will double it! The bonus is available for traders from Thailand, Vietnam, Malaysia, Indonesia, India, Nigeria, and the Philippines. Choose the bonus level at the time of funding your trading account and enjoy up to 100% bonus with unlimited amounts! Start trading now and make more profits with Forex4you's 100% deposit bonus.

50% Cashback Program

Forex4you offers a 50% cashback program that will give you up to $10 back per lot on EUR/USD trades. This offer is available for all countries and is valid for non-partner clients with no time limit.

To take advantage of this offer:

• Switch your real trading account to the "Cashback" service.
• Log into your Trader Room and proceed to the "My funds" section and choose the tab "Bonus offers."
• Click on the "Get rebate bonus" button, and you are good to go!

Take advantage of this excellent opportunity to return the money spent on spreads and commissions. Sign up now for Forex4you's 50% Cashback Program!

Refer a Friend

Introduce your friends to the world of Forex trading with Forex4you and you could earn a cool $50 for every successful registration.

Whether you're based in India, Vietnam, Malaysia, the Philippines, Thailand, Laos or Nigeria, you can take advantage of this generous referral scheme. All you need to do is refer your friends to Forex4you and once they register successfully, you'll receive your cash rewards.

Not only will you get to share your love of trading with your friends, but you'll also get rewarded for your efforts.

Forex4you is a secured forex broker that takes security and trust very seriously. Here are some of the ways that Forex4you ensures the safety of its clients' funds:

Regulation: Forex4you is regulated by the Financial Services Commission (FSC) of the British Virgin Islands, a respected regulatory body. This means that Forex4you must meet strict financial and operational requirements to maintain its license, which assures clients that their funds are being handled responsibly.

Segregated Accounts: Forex4you keeps its clients' funds in segregated accounts, which means that client funds are kept separate from the broker's funds. This provides an extra layer of protection for clients' funds if the broker experiences financial difficulties.

Negative Balance Protection: Forex4you provides negative balance protection, which means that clients cannot lose more money than they have deposited in their accounts. This protects clients from potential losses that exceed their account balance.

Secure Payment Methods: Forex4you offers a variety of secure payment methods, including bank wire transfers, credit/debit cards, and e-wallets like Neteller and Skrill. These payment methods use advanced encryption technology to protect client's financial information.

Account Verification: Forex4you requires clients to go through a verification process before they can start trading, which helps to prevent fraud and ensure that clients are who they say they are.

Forex4you offers a variety of trading platforms to suit the needs of all kinds of traders. Whether you are a beginner or an experienced trader, there is something for everyone.

We will discuss the trading platforms offered by Forex4you and their features.

MetaTrader 4 (MT4)

MetaTrader 4 is a popular trading platform that traders worldwide are widely use. It offers a range of features, including advanced charting tools, technical analysis indicators, automated trading, and more. Forex4you provides both desktop and mobile versions of MT4 for traders.

MetaTrader 5 (MT5) Demo

MetaTrader 5 Demo is an advanced version of the MT4 platform that offers more features and tools for traders. It includes advanced charting options, technical analysis indicators, and an economic calendar. Forex4you also provides both desktop and mobile versions of MT5 for traders.

Forex4you WebTrader

Forex4you's WebTrader is an online trading platform that allows traders to access their trading accounts from any device with an internet connection. It includes real-time quotes, advanced charting tools, and a range of technical analysis indicators. WebTrader also offers one-click trading and the ability to set up customized trading signals.

Forex4you Desktop Platform

Forex4you is a desktop trading platform that provides traders with the tools they need to make informed decisions when trading forex. The platform is available for both Windows and MacOS operating systems, making it accessible to all types of traders. It offers a range of features, including advanced charting tools, real-time news feeds, and automated trading capabilities. With Forex4you, traders can easily access global markets from anywhere and manage their portfolios.

The platform is designed to be user-friendly and easy to navigate. It includes a variety of features that help traders stay on top of market movements, such as customizable charts, real-time news feeds, and automated trading capabilities. The platform also offers multiple account types to suit different levels of experience and risk appetite. Forex4you provides various educational resources to help new traders get up to speed quickly.

Mobile Trading

Forex4you offers a proprietary mobile trading app for both iOS and Android devices. These apps offer real-time quotes, advanced charting tools, and a range of technical analysis indicators. Traders can also set up customized trading signals and use one-click trading.

Forex4you offers several accounts that cater to different traders with varying risk appetites and trading styles.

Cent Fixed Account 

Forex4you Cent Fixed Account is an excellent option for those just starting trading. With no minimum deposit amount, you can trade in cents with market order execution and access to online trading accounts with some of the best trading conditions in the industry.

The account offers leverage from 1:10 to 1:1000. Minimum trade volume is 0.01 lot and spreads are fixed starting from 2 pips. The account allows you to start trading for as low as 1$. 

Cent Pro Account 

The Forex4you Cent Pro Account is an excellent choice for those looking to start trading in the foreign exchange market. With leverage from 1:10 to 1:1000, you can start trading with confidence. The minimum deposit is 0$, and the minimum trade volume is 0.01 lot. The stop-out level is 10%. You can also use Share4you with floating spreads from 0.1 pip.

Classic Fixed Account 

The Forex4you Classic Fixed Account is a great option for those looking to trade without assistance. It offers fixed spreads, instant execution, and a 4-digit quotations system, making it perfect for those looking for a reliable trading experience. 

Furthermore, the account has no minimum deposit amount so you can start immediately. Leverage from 1:10 to 1:1000 is available, with an execution speed of 0.82 seconds and no commissions charged. You can also benefit from the Share4you program, with fixed spreads from 2 pips and hedging allowed.

Classic Pro Account 

The Forex4you Classic Pro Account is an excellent choice for those looking to trade with full freedom. With floating spreads from 0.1 pips, one-click trading, and a level 2 quotes system that gives you market depth visibility, you can feel confident in your trading. 

Furthermore, this account has market execution with no requotes, so you know that your trades will be executed as fast as possible. Leverage from 1:10 to 1:1000 is available, with an execution speed of 0.53 seconds and a commission of 8$ per lot for FX. You can also benefit from the Share4you program, with hedging allowed.

Classic Standard Account

The Forex4you Classic Standard Account offers traders a unique opportunity to make the most of their trading. With a floating spread from 0.9 pip, no requotes, and no commission, you can enjoy a hassle-free trading experience. Leverage from 1:10 to 1:2000 is available for forex, with an execution speed of 0.82 seconds and no commissions charged. Swap-free Account is also available. It also allows you to take advantage of the hedging option, maximizing your profits without sacrificing security.

For traders interested in investing in cryptocurrencies, Forex4you offers a diverse range of options. With access to popular cryptocurrencies such as Bitcoin and Ethereum, as well as lesser-known altcoins, traders at all levels can take advantage of this dynamic market.

Forex4you offers a variety of commission structures for its traders. In the Cent Fixed, Classic Fixed, and Classic Standard accounts, traders are offered commission-free trading, meaning no additional charges when opening or closing positions.

However, in the Classic Pro account and the Cent Pro account, there are commissions for trades. In the Classic Pro account, traders will be charged an additional $8 per lot when opening or closing a position for forex. And in the Cent Pro account, there is a 10-cent per lot commission fee.

For those who want to benefit from competitive spreads while limiting their financial commitment to trading, Forex4you provides excellent options with their no commission accounts. With these two specialized accounts, you can access low fees and tight spreads without worrying about extra commissions.

Regarding deposit and withdrawal fees, Forex4you has a range of payment methods available to clients, including credit/debit cards, bank transfers, and e-wallets. Deposits are generally free, but some payment methods may have associated fees. Withdrawals are also generally free, but fees may be associated with specific payment methods or withdrawal requests that do not meet the broker's criteria.

Forex4you provides customers with a comprehensive customer support system. With 24/7 live chat, email, ticket system, and toll-free phone numbers in 9 different languages, customers can get the help they need quickly and easily. The customer service team is knowledgeable and friendly, providing helpful advice and solutions to any queries or issues that may arise. Whether you are a beginner investor or an experienced trader, Forex4you has you covered with reliable customer support.

Forex4you is regulated by the Financial Services Commission (FSC) of the British Virgin Islands under the Securities and Investment Business Act, 2010 (SIBA). This means that Forex4you must comply with the regulations and guidelines set forth by the FSC in order to maintain its license to operate as a financial services provider in the British Virgin Islands.

As a regulated broker, Forex4you must adhere to all industry best practices and international standards, including policies that focus on transparency, protection of customer interests, and law-abiding performance. Forex4you's license number is SIBA/L/12/1027, which can be verified on the FSC's website.

Additionally, Forex4you is independently audited by big 4 accounting firm., assuring the company complies with industry standards and regulations. These audits ensure that Forex4you's financial records are accurate and that the company maintains appropriate capitalization levels.

Overall, Forex4you is subject to regulatory oversight by the FSC, which helps ensure that the company complies with applicable laws and regulations. Through its adherence to industry best practices, transparency policies, and independent audits, Forex4you demonstrates a commitment to maintaining high regulatory compliance and customer protection standards.

After trying Forex4you and testing its different features, we are confident that this online trading platform offers an excellent experience for new and experienced traders. The interface is user-friendly and intuitive, making it easy to start trading. It also provides an impressive selection of currency pairs, stocks, indices, oil, and gold, giving investors plenty of options for diversifying their portfolios. 

Moreover, withdrawals are usually processed quickly, and the customer service team is always on hand to answer any queries or issues you may encounter. Forex4you is an excellent choice for those looking to take advantage of the many features offered by this reliable online trading platform.