Forex4You Review: Key Features, Accounts And Tools

What is Forex4you?

The E-Global Trade and Finance Group established Forex4you as its first online trading platform in 2007. After Forex4you, this finance group later established Share4you in 2013, a social trading service.

They also went on to launch MarketPlace in 2016, an order execution and liquidity aggregator technology. The capability of this trading platform allowed them to bag numerous awards, such as:

• Best Transparent Broker Award in 2022 from FX Daily Info
• Broker of the Year Asia Award in 2021, from International Investor Magazine

These awards are a good sign that Forex4you is an appealing option for the modern internet trader. We’ll take a look at why customers prefer it over other forex brokers out there.

Features of Forex4you

All forex trading platforms come with their own unique features. I signed up for an account at Forex4you so I could get firsthand experience of their available features.

Innovation

The Forex4you broker platform is an online platform that adapts with the times. This platform is always engaged in bringing out new technologies that have set them apart from their competitors.

Honesty

Trust is a huge deal in the financial market, and this trading platform understands that. They’ve cultivated a good reputation for being honest with their clients and themselves.

This is something that I experienced personally, as I got a call shortly after opening an account with this platform. A real customer service staff (not a chatbot) contacted me to ask about my experience. They were also prepared to assist me in navigating the platform effectively. The personal touch boosted my confidence in the company.

International Presence

Even though most Forex4you employees live in Europe and Asia, this platform is used all over the world. Their global reach allows them to understand the differences in culture between countries, enabling them to serve their customers better.

Competency

Forex4you has extensive knowledge of the forex market thanks to their parent company, E-Global Trade and Finance SVG LLC. With this knowledge, they can keep a good level of skill in all of the services they offer.

Regular Audits

The Big Four accounting firm audits Forex4you’s accounts every year. This shows that all funds that you keep on this platform are in good hands and can be accounted for.

Pros and Cons of Forex4you

Forex4you is a trading platform that comes with many benefits, but like any platform, it has a few drawbacks as well.

Pros

• There’s no minimum deposit for any account
• There are numerous accounts that cater to the needs of various traders
• The presence of an integrated copy trading service
• Share4you copy trading offers passive income opportunities

Cons

• There are only a few payment options that are accepted by this platform
• USD and EUR are the only currencies for operating any account
• There is no MT5 platform

Forex4you Accounts

I noticed that there are 5 account types on this platform, and each one suits a specific kind of trader.

We’ll break down the features and trading terms of each so that you can determine if one is suitable for you.

• Cent Fixed Account
• Classic Fixed Account
• Cent Pro Account
• Classic Pro Account
• Classic Standard Account
• Demo Account

Cent Fixed Account

The cent fixed account is a special account that allows you to trade in cents, which makes it very cost-effective. You can test your new indicators, new strategies, and new advisors with this account while only risking small amounts.

It’s also suitable for traders who use a micro trading strategy. This account supports more than 80 instruments and also allows hedging and scalping.

Features of the Cent Fixed Account

• Instant execution of trades
• Execution speed of 1.23 seconds
• Leverage goes from 1:10 to 1:1000
• Forex contract size for one lot is 1000
• Minimum trade volume is 0.01 lot
• Fixed spread of 2 pips
• No commission paid
• Margin call of 50%
• 1 month storage time of history
• Stop out level of 10%
• Maximum order of 500

Classic Fixed Account

The classic fixed account suits advanced traders and other individuals who like to trade without assistance. You can also use this account if you wish to excel as a Share4you leader.

This is one of the Forex4you account types that supports more than 80 instruments and allows for hedging and scalping. This account also supports 5-digit quotations as well.

Features of the Classic Fixed Account

• Execution speed of 0.82 seconds
• Leverage goes from 1:10 to 1:1,000
• Forex contract size for one lot is 100,000
• Minimum trade volume is 0.01 lot
• Margin call of 100%
• Storage time history of 3 months
• Stop out level is 20%
• Fixed spread of 2 pips
• No commission paid
• Maximum order of 500

Cent Pro Account

This is an account for traders who want to make lower deposits. This account supports more than 95 instruments and also allows hedging. If you prefer using a micro-trading strategy while trading, then I recommend you use this account.

Features of the Cent Pro Account

• Execution speed of 0.80 seconds
• Leverage goes from 1:10 to 1:1000
• Forex contract size for one lot is 1000
• Minimum trade volume is 0.01 lot
• Floating spread of 0.1 pips
• Margin call level of 50%
• Storage time history of 1 month
• Stop out level of 10%
• Commission is 10 cents per lot
• Maximum order of 500

Classic Pro Account

The Classic Pro Account gives you complete freedom and Forex4you spreads as low as 0.1 pips. It also offers level 2 quotes, hedging, market execution, and no requotes. You get access to more than 120 instruments, with 500 as your maximum lot.

You should go for the Classic Pro Account if you want to exercise the scalping strategy or trade large volumes. This Forex4you account type is also suitable for traders with expert advisors.

Features of the Classic Pro Account

• Execution speed of 0.37 seconds
• Leverage goes from 1:10 to 1:1000
• Forex contract size for one lot is 100,000
• Minimum trade volume is 0.01 lot
• Storage time of history is 1 year
• Margin call level of 100%
• Floating spread of 0.1 pips
• Commission is 8 cents per lot
• Maximum order of 500

Classic Standard Account

This is a new Forex4you account that comes with a floating spread of 0.9 pips. It also comes with no requotes and no commission. This makes it perfect for advanced traders who trade large volumes.

Features of the Classic Standard Account

• Leverage goes from 1:10 to 1:2000
• Forex contract size for one lot is 100,000
• Minimum trade volume is 0.01 lot
• Storage time of history is 1 year
• Margin call level of 100%
• Stop out level of 20%
• Floating spread of 0.9 pips
• Commission is 8 cents per lot
• Maximum order of 500

Demo Account

I recommend you start with the demo account if you’re just getting started on your trading journey. You can try this account for free and enjoy the full functionality of the Forex4you platform. Trading with this account offers no risk, as you’ll be trading with virtual funds.

The demo account is also good for traders who want to try out new strategies in a risk-free environment. You can also go for this account when you want to test the various features offered on this platform. This includes the types of execution modes and spreads.

To open a demo account, you just need to visit your dashboard and click the “Add Account” button. This would show you the different accounts available, from which you can choose a demo account.

When you open this demo account some funds would be automatically added for trading. Of course, you can also increase it as you wish before you start trading with it.

Forex4you Deposits and Withdrawals

Forex4you offers many payment methods that traders can use to deposit and withdraw funds from their accounts.

The 24-hour Forex4you withdrawal and deposit methods include electronic payment systems, credit cards, and internet banking.

Deposits

• Neteller: minimum deposit of $2 and maximum deposit of $10,000.
• Skrill: minimum deposit of $1 and maximum deposit of $10,000.
• Webmoney: minimum deposit of $1 and maximum deposit of $10,000.
• Astropay: minimum deposit of $10 and maximum deposit of $10,000.
• VISA: minimum deposit of $10 and maximum deposit of $10,000.

Withdrawals

• Neteller: minimum deposit of $2, maximum deposit of $2,500, and service fee of 2%.
• Skrill: minimum deposit of $1, maximum deposit of $10,000, and service fee of 1%.
• Webmoney: minimum deposit of $1 and maximum deposit of $10,000, and a service fee of 0.8%.
• Astropay: minimum deposit of $10 and maximum deposit of $10,000, and a service fee of 0%.
• VISA: minimum deposit of $20 and maximum deposit of $20,000, and a service fee of $2.5 + 2.5%.

Trading Instruments

Trading instruments or securities is one of the many markets in which you can invest.

When you follow the Forex4you login procedure and create an account, you get access to more than 120 instruments. Of course, the number of instruments that you can use is all dependent on the account that you open.

Take note that you can only gain access to these instruments once you verify your account, which requires submitting some essential information for the platform to review. This process is to deter fraudsters, making the platform safer for everyone. Nonetheless, the trading instruments on this platform can be divided into 4 categories, and they are:

• Forex trading, with 50+ currency pairs.
• Commodities trading with WTI, gold, Brent, etc.
• Indices trading with more than 15 indices.
• Stock trading with stocks from more than 50 companies.

Forex4you Platforms

You can access Forex4you’s trading services through a variety of platforms. I used some of these platforms to access my Forex4you account and I noticed that they all offered the same trading experience.The Forex4you trading platforms include:

• Forex4you Desktop: Software download for Windows OS and Macintosh OS
• Forex4you Mobile: Download the Forex4you app for Android and iOS devices.
• Forex4you WebTrader: This web-based platform requires a good browser and a strong internet connection.
• Meta Trader 4 (MT5): Download the MT4 platform for computers or smartphones.
• MetaTrader 5 (MT5): Download the MT5 platform for computers or smartphones.

Share4you

share4you is the Forex4you copy trade platform, which allows experts to share their trades for amateurs to follow and make a little profit, while the expert gets their cut. The commission that comes from each copied lot can go as high as $8 per copied lot. That means the more followers an expert has, the higher their potential income can be.

Accessing the Share4you page is easy. At the top of your profile page, you’ll see a tab with “Share4you” written on it. Click on it and you’ll be taken to Share4you, where you’ll see the various traders that you can follow.

Training

I was glad to see that the Forex4you education platform is a center that offers solid learning resources.

It’s good for people who are just starting to learn about forex, binary options trading, trading commodities, and other forex trading instruments. It’s also good for people who need to brush up on certain aspects of the forex market.

The Forex4you education platforms provide access to educational materials like video tutorials, articles, and news blog posts, spanning different levels that are labeled as grades – Forex pre-school to primary school, secondary school, and finally, trading university.

Security

Forex4you uses client fund segregation and advanced risk control systems to secure client funds. This is also why it only deals with regulated and credible liquidity providers.

This platform is also always adding to its reserves and share capital to make sure it has enough capital. With this, you can be assured that the platform will function well in the long term.

The Finance Services Commission oversees E-Global Trade & Finances SVG LLC’s operations. This is an international organization that resolves disputes in the international foreign exchange market. This allows Forex4you to better protect the interests of its clients.

Regulation

Forex4you is insured by Willis Group Holdings PLC, and it also holds a license from the BVI FSC.

E-Global Trade & Finances SVG LLC, the company behind Forex4you is registered under the jurisdiction of Saint Vincent and the Grenadines with registration number 1440 LLC 2021.

Forex4you Analytical Tools

Nicolas Darvas said, “I believe in analysis and not forecasting.” You should, too. For this purpose, you should be on the lookout for good forex analysis tools. Forex4you offers numerous analytical tools that you can use to improve your trades, and they include:

• Economic Calendar
• Trading Central technical analysis
• Trading Central WebTV
• Forex news
• Forex Calculator

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