Forex4you

Forex broker Forex4you is registered in the British Virgin Islands (BVI) and holds a license from the Financial Services Commission (FSC) under the Securities and Investment Business Act of 2010 (SIBA). The BVI has always been one of the most popular jurisdictions for offshore forex brokers due to its simple setup process, confidentiality of owners and shareholders, and, most importantly, the relatively low paid-up capital requirement, usually ranging from $100,000 to $250,000 USD. Forex4you mainly serves investors from European and Asian countries, particularly from Southeast Asia. An illustration of this is the recognition they received with the “IAIR Southeast Asia Award 2017.” Awards are nice, but what accounts and spreads does this broker offer, what are its advantages? And most importantly — could it be that Forex4you is a scam? Let’s figure it out together.

Trading Conditions with Forex4you

Forex4you is primarily an MT4 trading terminal broker offering various account types for every kind of trader. Currently, they provide access to over 150 instruments, including Forex, commodities, stocks, indices, and cryptocurrencies. What sets the company apart from many competitors is that Forex4you has its own social trading network — Share4you ( visit online ). It allows anyone to copy the trades of successful traders and enables profitable traders to become so-called “leaders” and share their trades with others for generous rewards. This is truly an excellent service with all the necessary features for copy trading while remaining simple and intuitive.

One of the features of Share4you is the client’s ability to adjust the size of copied positions and set custom notes. Most platforms limit clients by percentage distribution of copied trades, whereas Share4you allows clients to set specific numbers that cap order size. In addition, Share4you provides a full report and profile of each leader, allowing users to view and copy their successful trades.
Besides reporting tools, Share4you also offers a feature that investors often overlook but that plays a crucial role — the ability to view all previous accounts of the leaders. For complete information about the Share4you social trading network, visit the official website

In the personal cabinet, traders can choose platforms (you can read more and download them on forex4you.com) and Cent, Classic, Cent NDD, or Pro STP accounts for Instant Execution and Market Execution trading. Instant Execution accounts have fixed spreads and NDD and SPT accounts have floating spreads, but what is more unusual is that Forex4you has no minimum deposit requirements for any type of account. Trading accounts can only be denominated in US dollars or euros, there are no other base currency options. All trading accounts provide similar trading conditions, except for a few differences that come from the type of execution.

Cent & Cent NDD accounts are great for novice traders who have decided to switch from demo trading to real one but are not yet ready to make a significant deposit. Cent accounts are usually used by traders to test new strategies and by experts in real market conditions. In addition to spreads, NDD accounts have a commission of $10 cents per lot. Classic & PRO STP accounts are suitable for traders with real experience and confidence in their trading style or with Expert Advisors ready to be deployed in a live environment. STP accounts have a trading commission of $8 per lot. Forex4you offers each account two different methods of order execution:

• Instant Execution. All orders are executed exactly at a specified price. No order can be opened or closed unless the trader accepts a certain price. This is the most suitable option for traders who value execution at a specific price. Traders who are not used to instant execution should keep in mind that not every EA is capable of trading with instant execution. In addition, trading during news and high market volatility can be very difficult or even impossible because there is no guarantee that the selected price level will have enough liquidity to execute the order.
• Market Execution. It guarantees the execution of an order “at any price” at the first available price, which in other words, when the broker has enough liquidity at a certain level to execute the order. It is worth noting that during times of high market volatility, orders are likely to be affected by slippage, although as long as the broker is decent, it is always possible to execute the order at a better price. Traders who prefer to fill an order at any relatively close price should always choose Market Execution.

Please note: all trading accounts have very low stop-out levels: for regular accounts the stop-out level is 10%, while for NDD/STP accounts it is 20%. The lower the stop-out level, the more money a trader can lose if proper risk management has not been implemented and trades are left unattended (Forex Trading Training).

Broker Quotes

Forex4you offers charts, a method of technical analysis where the trader can study and analyze price movements. These charts indicate the future price movement of an asset and is an important tool for technical analysis. There are two main methods of graphical analysis:

• Manual chart analysis involves the trader looking at the charts to determine the directions that will serve as a guide for selecting a trading position.
• Automatic chart analysis involves the use of automated software that can be plugged into charts as plug-ins, and this software identifies chart templates and displays their names on the charts. The trader can then already take actions based on the chart pattern created by the software.

There is also a fairly informative chart that compares all accounts and data related to the trading of major currencies and commodities.

Demo Account on Forex4you

Forex4you broker offers its clients a demo account, which gives traders a great opportunity to feel the real world of traders, to look at it from the inside, and to experience the functions of the platform without risking any real money. The demo account uses the MetaTrader4 (MT4) platform, which can be easily downloaded to both desktop and mobile devices. A demo account offers real market trading, full functionality with no money down, and no risk trading. A demo account can only be opened with a Cent account. Opening a demo account is relatively easy, although you have to provide a lot of personal information to do so.

Mobile Application

As mentioned earlier, Forex4you is an MT4 broker, but the company has also developed its own trading platform compatible with Windows and Mac. Forex4you Mobile App does not differ much from Mobile MetaTrader 4, but is visually more pleasant looking. The application is available in English, Chinese, Vietnamese, and Thai. The interface of the Forex4you MobileApp is user-friendly and at the same time has some features that are not presented in MetaTrader 4. One of the most notable features is Slippage Control – it allows traders to set a slippage limit and allows for zero slippage, but in this case, execution is not guaranteed at all times.

Equity Stop Loss is for traders who prefer to manage risk with specific numbers. Equity Stop Loss is the ideal solution, it allows you to forcibly close all trades as soon as the stock reaches a certain level. This feature is also available for MetaTrader, but only as an additional Expert Advisor. Last but not least, we should mention the liquidity pool monitoring, which displays the available amount of liquidity at prices from different liquidity providers.

Forex4you Bonuses

Forex4you quite often conducts interesting contests and promo campaigns. At the moment, the brokerage company offers three bonus programs:

• 40% Cashback Program. Participants can receive a 40% rebate on paid spreads and commissions. This offer is open to those without an active deposit credit bonus.
• 100% Deposit Bonus. You can pick your bonus level when funding your trading account. The higher the level, the more trading turnover is required. Your bonus is swiftly credited to your account as trading credit.

Current bonuses, promotions, deals, and useful services (for example, Expert Advisors, robot analytics, and VPS hosting) can be found at forex4you.com.

Deposit and Withdrawal

Forex4you offers several methods of depositing and withdrawing funds. Any deposits and withdrawals must be made using your own accounts, no third-party payments are allowed. Let’s find out more about deposit and withdrawal methods:

• Credit/debit card. Cards issued by VISA, Master Card, and Maestro are the only cards authorized for use at Forex4you through the SOREXPAY payment processor. By bank cards are charged with a transfer fee of 2.8% + a fixed fee of 0.5 USD.
• Alternative methods. Neteller and Webmoney (WMZ/WME) for all, and Skrill as an option for several regions. Neteller and Skrill have maximum deposit limits of $50,000 each, and on the other hand, Webmoney has no restrictions. Wallets are also available for Qiwi.
• Online banking methods. Bank deposits depend on the country at Forex4you. CIMB Bank, Verata Bank, and BCA are just some of the online banking methods that have been created for Indonesian clients. However, bank deposits are available in a very limited number of regions, mostly in Asia and a few CIS countries.

Complaints about Forex4you

Forex and financial trading are two topics that are often discussed on forums and social media platforms. While reading different opinions can be helpful, it’s important to note that negative comments often outweigh positive ones. This can lead to the impression that many services in this field are fraudulent and that it’s impossible to make real money by trading online. However, as we can see from our own experience, this is not always true.

Forex4you has to be one of the most controversial rating brokers, on a scale of 1 to 10, the broker would have an average score of 7.5 if you take into account both positive and negative reviews. Most of the negative reviews mention customer service, price manipulation, and occasionally unstable app performance. Positive trader reviews vary and mostly come from traders who tend to emphasize their extensive trading experience and have actually benefited from trades.

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Forex4you Broker Regulator

Forex4you has a weak regulatory framework, as it is regulated by only one authority — the Financial Services Commission (FSC) of the British Virgin Islands. The FSC is not considered a highly respected regulatory body among Forex traders, which can be seen as a weakness in the company’s overall regulatory structure.

• Check Forex4you’s license on the FSC website

User Agreement on forex4you.com

The broker provides all essential documentation to its traders, freely available on forex4you.com. Here you can find and read the full list of documents:

• Refund Policy.
• Know Your Customer Policy.
• Complaints Policy.
• Terminology.
• Risk Disclosure.
• End-User License Agreement.
• Free Account Exchange Agreement.
• Client Agreement.
• Rules.
• Anti-Money Laundering Policy.
• Partnership Agreement.

For example, the User Agreement contains important information regarding dispute resolution and claims. If a particular situation is not covered by the Client Agreement, Policy, or Risk Disclosure, the company may address the issue according to its own dispute resolution practices:

This document also includes standard information on the legal relationship between the company and the client, including key details such as the fact that a client may withdraw any amount of money from their account, but a minimum balance must always remain to avoid account closure:

Is Forex4you a scam?

Forex4you has been operating in the Forex market for several years and has a good reputation. There are not many complaints against the company, and the only notable issue seems to be the absence of Islamic accounts. Nevertheless, it is a reputable broker offering a wide range of trading instruments. It has its own social trading platform and a multi-currency trading robot that has received positive feedback.

The broker also offers a special account for beginners who wish to test their trading skills. Although the broker may not have the widest selection of deposit and withdrawal options, customer support can sometimes be slow, and there are access restrictions for clients from the USA and Japan. These minor issues should not lead us to assume that Forex4You is a scam. Instead, you can always open a demo account to test the platform’s reliability and explore new market opportunities.

Conclusion

Forex4you has long been popular among retail traders due to its commitment to providing high-quality service to every trader, regardless of their trading volume. This broker also offers Cent accounts, which are ideal for beginners with a small budget. The most notable feature of Forex4you is the absence of minimum deposit requirements for any of its accounts. This means that no matter the size of your trading volume, you’ll feel valued with this broker. Their Cent accounts make it easy for beginners to enter Forex trading and feel comfortable. Forex4You provides traders with almost everything they need, and the quality of its customer support is exceptional. This makes it an excellent choice for those who want to start trading without the hassle of large deposits.