Forex4you Review and Tutorial

Forex4you is a setup forex representative contribution to the MT4 stage, just as different devices including duplicate exchanging signals, a monetary schedule, and market news. This audit plunges into the merchant’s contribution, covering everything from spreads to opening occasions. See whether Forex4you is the right decision for you.

Forex4you Details

E-Global Trade and Finance Group, Inc. (Forex4you) was set up in 2007. However, the dealer is enrolled in the British Virgin Islands but has been expanding universally since 2009, with workplaces in India, Thailand, and Vietnam. The organization is controlled by the British Virgin Islands Financial Services Commission (BVI FSC). 

With 13 years of involvement, Forex4you has procured numerous industry grants with more than 2 million exchanging accounts opened. In 2013, the organization dispatched its social exchanging administration, Share4you, and in 2016 the organization dispatched its liquidity aggregator, MarketPlace.

Trading Platforms

Forex4you

The representative offers an exclusive completely highlighted web terminal, just as a downloadable work area application rendition. The stage accompanies complete exchanging control with slippage work, value stop-misfortune, and complete login straightforwardness with tick graphs. Value investigation highlights are likewise accessible with various time spans from one moment, just as custom graphing devices.

MetaTrader 4

The downloadable MT4 stage is the most famous expert exchanging programming, offering a single tick exchanging usefulness, mechanization contents, counsels, and many specialized examination apparatuses. There’s likewise a financial news channel with refreshes from Dow Jones, an entire arrangement of orders, and an exchanging history channel.

Trading Markets

Forex4you offers more than 150 tradable instruments, comprising 50 money sets, including gold and raw petroleum, more than 15 significant files, including the FTSE 100 and 50+ organization stocks. Our audit was baffled to see that exchanging digital forms of money isn’t accessible, in any case.

Fees

Spreads are fixed from 2.0 pips in the Classic and Cent accounts. In the Pro STP account, live spreads for significant combines, for example, EUR/USD normally around 0.1 pips. 

Without commission exchanging is offered in the Cent and Classic records, yet expenses are charged at $8 per parcel in the Pro STP record and a dime for every part in the Cent NDD account. Trades are likewise applied naturally during rollover periods, which are significantly increased from Wednesday to Thursday.

Leverage

Influence limits at Forex4you differ contingent upon the value of the exchanging account. The greatest influence accessible is 1:1000 for accounts up to $10,000 and 1:100 for records of $250,000 and over.

Mobile Apps

The Forex4you exclusive stage is likewise accessible as a portable application, which works with iOS and Android telephones. The application offers a straightforward exchanging interface, with account the executives highlights, progressed outlining devices, tweaked exchanging inclinations, and a financial schedule.

The MT4 stage is additionally conveyed as a portable application; offering progressed usefulness, including 30 specialized markers, 3 sorts of diagrams, and 9 time periods. There’s additionally a news channel and continuous statements of financial instruments.

Payment Methods

Forex4you offers subsidizing by means of Neteller, Skrill, WebMoney, and bank cards. All store and withdrawal strategies are handled right away, aside from bank card withdrawals, which take 1 – 6 working days. 

Stores are sans expense; however withdrawals range from 0.8% to 2% for e-installment frameworks, while bank cards cost 2.5 + 2.5% (EUR or USD). The least stores and withdrawal limits start from $1.

Demo Account

A free demo account is offered for dealers who need to test drive the stages, look at the changed execution modes and test methodologies, all inside real economic situations. Just virtual cash is utilized, which means you can put recreated exchanges without gambling genuine capital.

Forex4you Bonuses

Forex4you offers advancements, including a month to month challenge, with freedoms to win up to $400. There is a 100% store reward just as a half cashback program. These are dependent upon specific exchanging necessities so try to check these in the agreements.

Regulation Review

E-Global Trade and Finance Group, Inc. is approved and authorized by the British Virgin Islands Financial Services Commission (BVI FSC). 

The BVI is a British Overseas Territory and subsequently works seaward management of financial services organizations. Commonly, it’s anything but obligatory for brokers under this purview to isolate customer reserves. Regardless, Forex4you professes to hold customer assets in an isolated record and additionally claims to embrace yearly reviews by a Big Four bookkeeping firm. 

The organization is accessible to customers around the world, from Kenya to Indonesia.

Additional Features

The most striking component on offer is the Share4you social duplicate exchanging instrument, which permits clients to imitate the action of experienced merchants consequently. The intermediary likewise offers forex investigation by means of Trading Central and FX Street. 

Moreover, there is some instructive substance on offer, including normal forex courses and the Trading School, with many exercises for novices and progressed dealers. There’s likewise a set-up of video instructional exercises with work area and versatile exchanging tips, in addition to normal market news and a financial schedule.

Account Types

Forex4you offers 4 record types: Cent, Classic, Cent NDD, and Pro STP. The base store across all records is $0, and the base exchange volume is 0.01 parts. All records gain admittance to Share4you and supporting capacities. Note that exchanging all resource classes is just conceivable in the Pro STP account. 

• Penny – Instant execution (1.29 seconds), 1000 greatest parcel size, fixed spreads from 2 pips, no commission, multi month history stockpiling 
• Exemplary – Instant execution (0.88 seconds), 200 greatest parcel size, fixed spreads from 2 pips, no commission, 90 days history stockpiling 
• Penny NDD – Market execution (0.81 seconds), 1000 greatest part size, gliding spreads from 0.1 pips, $0.10 per parcel commission, multi month history stockpiling 
• Expert STP – Market execution (0.59 seconds), 500 most extreme part size, gliding spreads from 0.1 pips, $8 per parcel commission, limitless history stockpiling 

Note that trade-free records are not accessible at Forex4you.

Benefits

There are advantages of exchanging with Forex4you, including: 

• Duplicate exchanging 
• $0 least store 
• Penny and standard parts 
• Gliding spreads from 0.1 pips 
• Sans commission exchanging accessible 
• Clear online application

Drawbacks

There are likewise disadvantages when exchanging with Forex4you: 

• Seaward controller 
• Digital currencies not advertised 
• US, UK, and EEA not acknowledged 
• Not however many instruments as different brokers

Trading Hours

The FX market opening occasions at Forex4you are from 00:00 on Monday to 23:00 on Friday. The exchanging terminal time is Central European Time (CET). You can discover explicit market hours by tapping on the instrument subtleties inside your exchanging stage.

Customer Support

Forex4you offers 24/7 help in 8 dialects, including English, Thai, Malay, and Mandarin. From the UK, the number is +44 207 193 9932; in any case, a rundown of complementary international numbers is accessible on the site. On the other hand, you could email client assistance at info@forex4you.com or reach out through the live talk.

Client Security

The MetaTrader 4 stage is a protected and confided-in programming, following undeniable level security necessities. This incorporates encryption conventions and two-factor validation. Forex4you isn’t straightforward around security in its restrictive stage.

Forex4you Verdict

Forex4you offers a respectable scope of services and four records for moment and market execution, with fixed and coasting spreads. The records are likewise novice cordial, with a $0 least store while supporting and scalping strategies. Dealers can again pick between the mainstream MT4 stage or the agent’s exclusive arrangement.

Accepted Countries

Forex4you acknowledges merchants from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and most different nations. 

Merchants can not utilize Forex4you from United States, Japan, Canada, Australia, Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden.

Alternatives to Forex4you

In the event that you are searching for options in contrast to Forex4you we have accumulated a rundown of the main 5 brokers that are like Forex4you beneath. This rundown of brokers like Forex4you is arranged by similitude and just incorporates organizations that acknowledge dealers from your area. 

• OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements. 
• Hantec Markets – Hantec Markets is a multi-controlled online FX specialist offering MT4 and a customized administration giving gigantic adaptability to suit any broker. 
• Worldwide Prime – Global Prime is a multi-directed exchanging dealer offering 100+ business sectors. 
• HYCM – Trade on the financial business sectors with minimal expense, utilized items at HYCM. 
• RoboForex – RoboForex is a multi-resource online dealer offering incredible exchanging helpers.

FAQ

Is Forex4you a scam?

Forex4you is an enlisted organization approved by the BVI FSC. In spite of its seaward area, we didn’t track down any warnings that would recommend a trick. However, dealers ought to thoroughly investigate the representative and look at online surveys in the event that they are uncertain.

How do I register with Forex4you?

You should finish the online application frame and then affirm your personality by presenting your ID and evidence of address. Whenever you have finished the confirmation cycle, you will actually want to sign in utilizing your web login subtleties.

What leverage is available at Forex4you? 

Influence at Forex4you relies upon your record balance yet is accessible up to a limit of 1:1000.

Does Forex4you offer signals? 

Forex4you offers the Share4you administration, where pioneers give exchanging signs to adherents who need to duplicate their exchanges.

Does Forex4you accept clients from Malaysia? 

Indeed, Forex4you acknowledges customers from Malaysia, Indonesia, and different nations in Asia, Africa, and South America. The assistance isn’t accessible to occupants in the USA, Japan, Canada, Australia, and the European Economic Area.