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Forex4you
United Kingdom
04 Jan 2007 (18 Years)
Last online: No recent activity
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3.60/5
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Forex4you
Company Information
Get to know Forex4you
Forex4You is an online Forex trading company that provides a platform for users to trade Forex in real time over the Internet. The Forex4You website contains information to educate users on the basics of online Forex trading, and offers demo and live accounts to allow clients to trade online. Forex4You was founded in 2007 in the British Virgin Islands. The company is headquartered in London, where all records are maintained. Forex4You has several affiliates internationally, and operates offices in the United Kingdom, Russia, Malaysia, India, and Cyprus. The site run by Forex4You reviews the company’s mission, which is to bring a recently exclusive trading market to the general public. While Forex trading used to be reserved for financial professionals and wealthy clients, a Forex4You review reveals that their mission is to allow Forex trading for users that require only small initial investments. Forex4You reviews their approach to Forex trading, which includes consumer education and practice trading before live trading online. Forex4You provides a large education section on their site for users who are new to online Forex trading. A Forex4You review reveals that the site provides extensive information on the basics of what Forex trading is, through the use of a “Forex Training†program available for free. The training module by Forex4You reviews the advantages of Forex trading by providing an assessment of risk and how the Forex4You is designed to decrease user risk via low minimum transaction values. Additionally, the site offers information to help users understand the psychological side of trading to prepare them to make sound financial decisions. Users may also register for a demo trading account to trade in real time with no financial risk, before beginning to trade online with their personal funds. Finally, Forex4You offers phone, email and chat support for their clients, to guide users through the mechanics of trading, and help ensure the financial success of their clients.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Forex Retail Broker
Software
Meta Trader 4
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Forex4you Reviews
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Summarization
Forex4you Broker Review: A Comprehensive Guide for Traders
Overview and General Information
Forex4you is a popular online trading broker offering a range of instruments, including forex, cryptocurrencies, and CFDs. This review delves into its features, benefits, and drawbacks to help you determine if it's the right fit for your trading needs.
| Company Name | Forex4you |
| Parent Company | E-Global Trade & Finance Group, Inc. |
| Location | British Virgin Islands |
| Regulatory Body | Financial Services Commission (BVIFSC) |
| License Number | SIBA/L/12/1027 |
History and Background of Forex4you
Founded in 2007, Forex4you initially launched its online trading services under the same trademark. Over the years, the company has demonstrated significant growth and expansion, introducing new technologies and broadening its service offerings. Key milestones include the 2013 launch of the Share4you copy trading service and the innovative 2016 MarketPlace liquidity aggregator.
Regulations and Licensing
Forex4you is regulated by the Financial Services Commission (BVIFSC) in the British Virgin Islands under license number SIBA/L/12/1027. For transparency and accountability, KPMG (BVI) Limited conducts annual audits of the company's financial statements.
Forex4you Products and Services
Trading Instruments and Platforms
Forex4you provides access to various financial markets through multiple trading platforms.
- Trading Platforms:
- MetaTrader 4 (MT4):Available on Android, iOS, Linux, and various smartphones.
- Forex4you WebTrader:A proprietary web-based platform for convenient browser access.
- Forex4you Mobile Trading Platform:Designed for on-the-go trading, managing trades anytime, anywhere.
- Tradable Assets:
- Forex Pairs:Trade over 50 currency pairs.
- Cryptocurrencies:Trade 5 cryptocurrency pairs, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
- Indices CFDs:Trade 14 CFDs on major and minor world indices.
- Metal Spot CFDs:Trade Gold and Silver CFDs.
- Energy Spot CFDs:Trade Crude Oil (WTI, Brent) CFDs.
- Stock CFDs:Trade over 40 CFDs on shares of US companies.
Additional Services
- Share4you Copy Trading:Replicate experienced traders' strategies, simplifying trading and enabling learning through observation.
- MarketPlace Liquidity Aggregator:Access the best available pricing with ultra-fast, stable, and secure execution.
- Contests and Promotions:Forex4you regularly offers contests and promotions for added value.
Trading Conditions and Features
- Execution Speed:Cent Account: 1.63 seconds; Pro STP Account: 0.37 seconds.
- Leverage:Up to 1:1,000 on the most liquid assets.
- Account Types:DDE, NDDE, and STP PRO, each with distinct features and benefits.
- Funding Methods:Bank transfers, debit/credit cards, Skrill, Neteller, WebMoney, and Яндекс.Деньги.
Customer Support and Contact Information
Contact Methods
- Phone:+44 207 193 9932
- Email:Accessible through the website.
- Chat:Available through the website.
Support Availability and Quality
- Customer Service Hours:24/7 support.
- Response Time:Immediate email responses (targeted).
- Support Channels:Newsletters, callbacks, phone, chat, and email.
Pros and Cons of Forex4you
Advantages
- Multiple Trading Platforms and Assets:Including cryptocurrencies.
- Copy Trading (Share4you):Learn and profit from experienced traders.
- MarketPlace Execution:Efficient and reliable order execution.
- User-Friendly Platforms:Suitable for beginners.
Disadvantages
- Limited Educational Resources:More comprehensive materials would be beneficial.
- High-Risk Trust Score:BVIFSC regulation carries higher risk than Tier-1, Tier-2, or Tier-3 licenses.
- Limited Forex Pairs:Fewer pairs compared to some larger brokers.
Forex4you Review Conclusion
Who Should Use Forex4you?
- Beginners:User-friendly platforms and simple trading conditions.
- Professional Traders:Advanced tools and fast execution speeds.
Final Verdict
Forex4you offers a well-rounded trading platform with reliable execution and diverse tools. It's recommended for traders seeking reliable platforms and tools, especially beginners valuing simple and intuitive interfaces.
Frequently Asked Questions (FAQs)
Is Forex4you regulated?
Yes, Forex4you is regulated by the Financial Services Commission (BVIFSC) in the British Virgin Islands.
What is the minimum deposit?
The minimum deposit is $50.
What trading platforms are available?
Forex4you offers MetaTrader 4, Forex4you WebTrader, and a mobile trading platform.
Is copy trading available?
Yes, copy trading is available through the Share4you service.
How fast is order execution?
Execution speed varies by account type. The Cent Account has an execution speed of 1.63 seconds, while the Pro STP Account has an execution speed of 0.37 seconds.
What funding methods are available?
Funding methods include bank transfers, debit/credit cards, Skrill, Neteller, WebMoney, and Яндекс.Деньги.
Are there special services for beginners?
While no specific services are exclusively for beginners, the platform is generally user-friendly and suitable for beginners.
Are there any promotions or contests?
Yes, Forex4you regularly holds contests and promotions.
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