Detailed review on the broker forex4you
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Review forex4you

8,6 / 10

Forex4you is a forex brokerage company, which offers affordable initial terms with minimal risk, unlike most brokers whose terms and conditions are risky for novice traders and leave them little or no opportunity to understand on their first deposit how to make money in the forex market

All trading involves risk. Only risk capital you’re prepared to lose.
Review forex4you
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About Forex4you

Forex4you is a forex brokerage company, which offers affordable initial terms with minimal risk, unlike most brokers whose terms and conditions are risky for novice traders and leave them little or no opportunity to understand on their first deposit how to make money in the forex market.

This Forex4you review will describe the main aspects and peculiarities of the Company.

It has been in business since 2007, is owned by Virgin Islands-registered E-Global Trade & Finance Group, Inc. E-Global Trade & Finance Group, Inc. is regulated by the Financial Services Commission (BVI FSC), registration number: SIBA/L/12/1027.

Forex4you mainly works with investors from European and Asian countries: Russia, Ukraine, South-East Asia. As an example, one of the awards we received is the "IAIR Southeast Asia Award 2017".

What makes the broker interesting for its clients?

International Forex4You broker is attracting more and more new clients thanks to the following options:

  • conducting trading activities on forex, CFD;
  • investing using PAMM-accounts;
  • conducting social trading;
  • VPS hosting;
  • educational materials about trading on financial markets.

History of Forex4you broker 

Forex4you was founded in 2007 with a central office in the CIS countries. Initially, it was also possible to earn on Forex with the broker by trading binary options. However, after a few years this feature was removed completely, as this trading format did not meet a number of regulatory restrictions.

In open 2008 there was a multi-level affiliate program. And another year later, the number of orders completed by clients was 10 million units. In 2012, a PAMM trading service for investors was introduced and the Share4you trademark (social trading service) was patented. Since 2014, the company has been active in the social sphere and has sponsored several sports teams. This period also marks the beginning of partnerships with some major financial centers, including Bangkok Bank.

Already in 2017, the team was awarded the IAIR Award as "Best Forex Broker in South East Asia".

Now the number of active client accounts has exceeded the figure of 1.75 million.

Forex4you's history shows how important it is to build a loyal customer support system since its inception, fighting for its status as a trusted financial partner.

Forex4you Company awards 

Forex4you is the holder of multiple awards confirming its expertise and reliability: 

  • Best Broker 2018 by Le Fonti
  • Forex Broker of the Year South East Asia 2017 IAIR Award
  • Best Service Quality FOREX Broker 2015 MENA Forex Expo
  • Best Forex Broker Russia and CIS 2013 Forex Expo Awards
  • Forex market social trading platform 2013 Forex Expo Awards
  • Best Forex Broker South-East Asia 2013 IAIR Award
  • Best Forex Company in affiliate programs 2013 RACE Awards

Forex4you account types 

Account types
Account types

A special registration form can be found on the official Forex4you website. In it you need to specify the type of deposit and specify all the necessary data about the user.

The broker offers the following account options to choose from:

  • Cent
  • Classic
  • Cent NDD
  • Pro STP

Cent account

The cent account allows you to trade cent lots with instant execution and fixed spreads. A great choice for beginners or those wishing to test a new strategy or Expert Advisors.

When making use of this Forex4you account type, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Instant execution.
  • Execution speed of around 1.26 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Maximum of 500 orders.
  • Margin Call level of 50% and Stop-out level of 10%.
  • Access to bonuses and promotions.
  • Hedging allowed.

Classic Account

A popular choice for traders with trading experience. Fixed spreads, Instant execution, 4-digit quotes and no minimum deposit - ideal for successful trading.

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Instant execution.
  • Execution speed of around 0.84 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Maximum of 500 orders.
  • Margin Call level of 100% and Stop-out level of 20%.
  • Access to bonuses and promotions.
  • Hedging allowed.

Cent NDD Account

The Cent NDD account is a perfect solution for those starting their journey to trading success. Trade in USD or EUR cents with no minimum deposit restrictions, market order execution and floating spreads. 

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Market execution.
  • Execution speed of around 0.80 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Floating spreads from 0.1 pips.
  • Commissions of $0.10 per lot.
  • Maximum of 500 orders.
  • Margin Call level of 50% and Stop-out level of 10%.
  • Access to bonuses and promotions.
  • Hedging allowed.

PRO STP Account

Full freedom - floating spreads from 0.1 pips, one-click trading, depth charting and market depth charting. Market execution without requotes.

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Market execution
  • Execution speed of around 0.55 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Floating spreads from 0.1 pips.
  • Commissions of $8 per lot.
  • Maximum of 500 orders.
  • Margin Call level of 100% and Stop-out level of 20%.
  • Hedging allowed.

 Forex4you demo account

To create a free demo account, you need to create a personal Forex account. You do not need to verify your profile for this. There is a button "Create demo account" in the interface of the user's cabinet. Once you click on it, you are offered to find out what Forex4you does and what benefits are available to traders. Demo trading involves the use of 100,000 virtual dollars on the account in the Metatrader 4 trading terminal. Leverage is fixed at 1:500.

Demo account user interface on Fore4you website
Demo account user interface on Fore4you website

The list of assets is not limited - more than 100 financial instruments are available to demo users. You can make unlimited number of deposits during testing and opening transactions on DEMO. There are no time limits for using virtual account.

It's convenient that you can monitor statistics of your own results through the main Personal Cabinet. Its functionality allows switching between the main and DEMO accounts in one click.

Forex4you PAMM account 

Forex4you has had a rather interesting PAMM account service for several years. Service PAMM-accounts Company Forex4you gives the opportunity to all wishing to receive income from trading in the Forex market, through investments in professional managing traders. In this case, you do not need to learn and get specialized knowledge for trading. All that is needed is just to choose one or more managers, in PAMM accounts, which you will then invest.

At the moment the choice of managers is large enough and there is someone to choose from in order to try out this service.

 A few advantages of investing in PAMM accounts Forex4you:

  • You can invest in PAMM accounts from 20 to 5000 USD
  • You can invest in an unlimited number of managers
  • You can invest additional funds at any time of the day or night
  • Broker offers a bonus program for investors

At this time, the minimum amount of money that a manager can invest is 100 USD to open a PAMM account, and maximum 1000 USD for one managed account. In the future, the minimum amount to open a PAMM account will be 1000 USD. This means that the company "Forex Finance U" cares about its customers and gives the opportunity to open an account only to serious traders who intend to trade and increase their own deposit, and not to play the stock market. Because a trader who opened an account with 1000 USD will not risk it and consequently will not risk investors' money. Although, there are also many good managers among accounts at 100 USD.

Forex4you trading platform

Access to trading is provided by the MetaTrader4 trading platform (the "junior" version of MetaTrader5). Many clients and experts point this out as one of the drawbacks. The Forex4you MT5 migration is not planned now. In addition, users can trade directly through their web browser. The add-ons WebTrader and Forex4you Desktop (Windows, MacOS X) are available free of charge. If you prefer, you can also use the mobile version of the terminal.

Forex4you MT4

The most popular professional Forex trading platform that includes various tools for trading and market analysis. It supports creation and use of robots.

This platform is available for downloading on the official website of the broker in Android, iOS and Windows desktop versions.

Forex4you mobile application

Our proprietary technology gives you access to the financial markets at anytime, anywhere. It is convenient and user-friendly - see for yourself.

The application is available for download from the broker's official website in Android and iOS versions.

Forex4you WebTrader

Unique and full-featured web-based Forex trading platform, developed with proprietary technology.

Forex4you Desktop

Unique and full-featured Forex trading platform for Windows and MacOS, developed with our own technology. Simple and user-friendly interface and wide range of functions.

Forex4you trader room on MetaTrader4 platform interface
Forex4you trader room on MetaTrader4 platform interface

Forex4you broker’s financial instruments and assets 

The company provides its clients with more than 150 trading tools. They can be divided into six groups:

  • Currency pairs with fixed and floating spreads. 99 assets in total.
  • Cryptocurrencies: 5 most popular coins.
  • Exchange indices: 31 names.
  • Shares of American, Russian, foreign companies: 63 assets.
  • Metals: gold, silver.
  • Commodities: Brent and WTI crude oil, as well as natural gas.

Deposit and withdrawal of funds, fees and taxes

In this block we will talk about depositing and withdrawals from Forex4you.

Deposit methods

You can top up your Forex4you account in 6 ways:

  • Visa/Mastercard - no commission
  • Yandex money (5.5% commission)
  • Payment systems Neteller and Skrill instantly and without commission
  • Webmoney (WMR, WMZ, WME) charge 1% of transfer amount
  • Qiwi Wallet charges 4.5% of the deposit amount

When funding a Forex4you account, it is important to note that you can withdraw money only for the purse through which the deposit was made on the balance. To deposit money to your balance, click deposit/withdrawal in the broker's control panel and proceed to the page where you specify the amount, choose the payment system and click deposit.

Withdrawal methods

The company offers the following ways to withdraw your profits:

  • Bank cards Visa and MasterCard (Dollars, Euro)
  • Yandex money (RUB)
  • Webmoney (WMZ, WME)
  • Skrill (EUR, USD)
  • Neteller (EUR and USD)

Limits

  • Now we are going to check what are the minimum and maximum amounts for withdrawal:
  • Bank cards - minimum amount 20 USD or 20 EUR, maximum amount 2000 USD or 2000 EUR
  • Webmoney - minimum 1 USD or 1 EUR, maximum 10000 USD
  • Skrill - min 1 USD or 1 EUR, maximum 10000 USD
  • Neteller - min 2 USD, maximum 2,500 USD

Commissions

When withdrawing funds from Forex4you the following commissions are established:

  • Visa, MasterCard - $2.5, 2.5€ + 2.5%.
  • Webmoney - 0.8% (maximum 50$ or 50€).
  • Skrill - 1%.
  • Neteller - 2% (min 1$, max 30$).

Payment speed

Now let's see how long it takes to withdraw funds from Forex4you. In the section "Deposit and withdrawal" on the broker's website we find information:

  • To a bank card - from 2 to 6 working days.
  • To electronic payment systems - instantly.

Withdrawals to the card actually come in 4, maximum 5 working days. However, withdrawal to electronic wallets can not be called instant, as a rule, it takes a few hours (maximum - 1 day, although the regulation is 2 working days).

Also, the website says that the withdrawal is carried out 24/7. This distinguishes the company from its competitors. Recall that most brokers process withdrawal requests only on weekdays (usually during the financial department opening hours).

This information is true, we have more than once ordered withdrawal on weekends, and all requests were processed within 24 hours at most (usually within a few hours).

Other peculiarities of withdrawal

There are few things you should take into consideration when withdrawing money from Forex4you:

  • To use a bank card and when depositing or withdrawing more than $1000 you need to go through a verification procedure, which takes on average 5-6 hours.
  • Withdrawal is available only to the payment system that was used for deposit.
  • In order to "connect" another payment system you need to confirm it. 

What is meant by "confirm"? You must deposit the account with this payment system for any amount (the minimum amount available may be). After that after 30 days the withdrawal will be available by this method.

General conclusion

Forex4you has long been quite popular with retail traders because of its commitment to providing quality service to every single trader, regardless of their trading volume. It is also one of the few forex brokers that has Cent accounts, which are ideal for novice traders with a small budget. 

The most important feature of Forex4you is that no minimum deposits are required for any of their accounts. Regardless of the size of the trading volume, this broker will make you feel - special. Their cent accounts make it easy for novice traders to immerse themselves in forex trading and feel comfortable. Forex4you offers traders just about everything they need, and the quality of their support services is superb. 

Positive and negative sides

Pro’s of Forex4you Broker Con’s of Forex4you Broker
Optimal trading conditions for novice traders The platforms offered are MT4 and Forex4you's own development. No MT5 platform
No trading restrictions for scalping and algorithmic trading - the support team sometimes answers within 24 hours The regulator does not consider claims of private traders with insignificant amounts
Opportunity for passive income - social trading platform Share4you
Broker is insured to the amount of USD 10 mln. contingency insurance
There are cent accounts with minimum transaction amount from 2 cents
SUMMARY
RECOMENDED
Easy to use
10 / 10
Reputation
9 / 10
Minimizing Fees
8 / 10
Customer support
6 / 10
Deposit/withdrawal
10 / 10
Build-in Analytics
9 / 10
8,6
PROS
+
Optimal trading conditions for novice traders
+
No trading restrictions for scalping and algorithmic trading - the support team sometimes answers within 24 hours
+
Opportunity for passive income - social trading platform Share4you
+
Broker is insured to the amount of USD 10 mln. contingency insurance
+
There are cent accounts with minimum transaction amount from 2 cents
CONS
-
The platforms offered are MT4 and Forex4you's own development. No MT5 platform
-
The regulator does not consider claims of private traders with insignificant amounts
Broker: Forex4you
Founded in: 2007
Minimum deposit: $0
Demo account: Free
Commissions & fees: 0,1 - 0,2 %
Regulation: BVI FSC
Types of Trading:
Forex
Binary Options
Digital Options
Stocks
Crypto
Visit official website
Broker’s statistic
Broker: Forex4you
Founded in: 2007
Minimum deposit: $0
Demo account: Free
Commissions & fees: 0,1 - 0,2 %
Regulation: BVI FSC
Types of Trading:
Forex
Binary Options
Digital Options
Stocks
Crypto