Forex4you Review – is Forex4you Scam or Legit Broker?

Forex4You

3

Rating

3.0/5

Pros

  • FSC law
  • Segregated account
  • Demo Trading Account
  • MT4 along with WebTrader
  • 150 tools available

Cons

  • Not Licensed with the FCA
  • No reviews about TrustPilot

Forex4You supplies a thorough choice of tradable tools to customers. Included in these are shares, indices, commodities, cryptocurrencies and FX pairs. Customers may also profit from the generous welcome bonus package if enrolling to get a merchant account in this forex broker. Forex4You assert to have started 1.584 million balances together with 858.3 million orders implemented, and also an estimated 525,000 open orders on the store.
Among the others, customers obtain to relish generous leverage of 1:1,000 on financial devices, tight spreads, 0.1-second purchase implementation, cryptocurrency trading options, and also around the clock customer care and support. The whole quantity of financial tools available to customers is 150, where you can find 50 currency pairs, including 50 shares, 1-5 indices, and many digital commodities and currencies.

Overview/ desktop

Forex4You offers customers 5 stock types about 5 distinct account types. This business also provides traders using 1 9 trading platforms that are unique, together with CFD trading options out there. Forex4You might be possessed by E-Global Trade & Finance Group Inc, and entirely regulated by the FSC, under the auspices of the Securities & Investment Business Act of 2010. The business ‘s permit number is SIBA/L/12/1027. The financial statements (income statement, balance sheet, cash flow statement, etc.) are fully financed by KPMG (BVI) Limited.

This forex brokerage has its own headquarters at the British Virgin Islands, also with a rich history spanning 1-1 years, customers are ensured of trading using trading platforms that are dynamic. In 2013, Forex 4 You started its own societal trading platform called Share 4 You. This revolutionary development enabled anybody to benefit from the profits of online trading products and services. Fast forward to 2016, Forex 4 You announced that the launching of its own liquidity aggregator and order implementation technology called MarketPlace. In 2017, the corporation expanded across Asia with brand new offices in Vietnam and Thailand, and also the Share4You requests capped 50 million.

Forex4You has been given by IAIR Whilst the Best Forex Broker at Southeast Asia. Through time, the business has promised a steady boost in the amount of accounts that are active. Back in 2007 this number had been 692, also from 20 17 it climbed to 122,037. In 2017 alone, customers cash-back accounted for $815,320 and spouses benefit swelled into $4,806,940. This organization prides itself on innovation, ethics, worldwide provider, and endurance. It builds bridges and creates personal relationships with an emphasis on mutually beneficial ventures.

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Account Types

Forex 4 You includes 5 exceptional account options. These may be utilized to trade 5 stock groups, including 150 fiscal tools. All those 5 accounts kinds is recorded beneath:

  • Cent Account – an implementation rate of 1.18 minutes with leverage as little as 1:10 up to 1:1,000. There’s not any minimum deposit for this particular account, and also the forex contract size for 1 bunch is equal to 1000 units. The minimum trade volume is 0.01 good and also there are spreads as little as 1.5 pips. There are no commissions and fees, and also a maximum order amount of 500. Share 4 You is found for this account style.
  • Classic Account – that the timeless accounts have an implementation rate of 1.14 minutes with leverage starting 1:10 and moving upwards to 1:1,000. There’s not any minimum deposit to your own timeless account. The forex size is considerably larger with 1 bunch caked 100,000 and the minimum trade volume in 0.01 lot. Spreads beginning at two pips and you can find not any commissions. The most quantity of requests is 500.
  • Cent NDD (No Dealing Desk) – that is market implementation style accounts with implementation rates of 0.75 minutes. Impact starts at 1:10 and climbs to 1:1,000. There’s not any minimum deposit. The minimum trade volume is 0.01 good and also the floating spreads offer beginning in 0.1 pip.commissions are enforced on each individual lot at $10 and the highest sequence amount of 500 is in place.
  • Classic NDD (No Dealing Desk) – the forex store implementation account comes with an implementation rate of 0.51 minutes. Impact starts at 1:10 and climbs to 1:1,000. There’s not any minimum deposit. The forex contract size for 1 lot will be 100,000 and the minimum trade volume is 0.01 lot. The floating propagate starts at 0.1 pip.commissions are lower at $2 percent. A max of 500 requests is potential.
  • Pro STP – the forex store implementation account comes with an implementation rate of 0.37 minutes. Impact starts at 1:10 and climbs to 1:200. There’s not any minimum deposit and also the forex contract size for 1 bunch is currently 100,000. The minimum trade volume is 0.01 lot. The floating propagate starts at 0% and there’s a commission of 10 each year. The most quantity of requests is 500.

Trading Platform/ applications

A composite of proprietary trading technology and MetaTrader 4 is currently available. Every one of the trading programs might be traded out of 1 account at precisely the equal moment. The program might be downloaded and installed via the Google Play Store and also the App Store with powerful computer software for all apparatus. The mobile program features proprietary technology that permits users to get into the economic stores across the clock.

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MetaTrader 4 works on Windows, Android, along with iOS apparatus. This is the entire world ‘s strongest, instinctive, and operational Forex trading program. It features a plethora of features like forex graphs, a large number of trading currencies, comprehensive investigation, realtime upgrades, along with EAs for automated trading. The online trading platform, Forex4You comes with a clean-cut user-interface using amazing capabilities and customised applications. Desktop customers on Windows and Mac operating systems may get the downloadable stage, due to proprietary trading technology. In general, you can find 1-9 trading platforms encouraging 5 stock categories, along with an estimated 150 fiscal tools.

Deposit options

Multiple deposit options are encouraged, for example electronic techniques, bank cards, and bank wire transfer. Electronic payment methods consist of NETELLER, Skrill, and WebMoney. Bank cards include Visa and MasterCard, and also the option of a bank wire transfer is offered. The deposit options are found in USD or EUR. Customers are invited to confirm the fees and minimal deposit amounts/maximum deposit quantities of each deposit option. With the exclusion of bank transfers (1 – 3 trading days), all payments are instant. Accounts are ensured secure and safe, as a result of SSL encryption and confirmation procedures.

Markets

A vast assortment of stores is now supported in Forex4You. These generally include 50 FX pairs, including 50 shares, 1-5 worldwide indices, commodities including WTI (West Texas intermediate), Brent crude petroleum, and stone, and assorted digital monies for example Ripple (XRP), Ethereum (ETH), Litecoin (LTC), along with Bitcoin (BTC). As a whole, you will find 150 tools available to traders. These stores have been traded MetaTrader 4, Forex 4 You Mobile, WebTrader, and also the desktop client. CFDs are offered on 5 stock types.

Bonuses

Clients may profit from the generous 100% welcome bonus in their own trading accounts. The stipulations with the deposit bonus are all recorded onsite, below the application of the promotion. During writing, several coupon supplies were available for example: Trading Hero Contest using a share of cash awards valued at as much as $400 available every single week, even the 100% bonus offer at which traders may enjoy bonus surprises out of 5 percent – 100 percent, together with 5% bonuses simultaneously, using an infinite bonus sum. Still another intriguing promotional deal now being showcased could be that the Share 4 You currently anniversary bonus with $5,000 going to the man earning the 100 millionth trade.

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Customer Support

Customer service is standing by to aid customers with trading, technical, enrollment, banking, along with platform-related troubles. Customer service provides around the clock service to customers through many diverse stations. These generally include online service with live chat functionality, ticket service at the trader space, or even free calls utilizing the on-line program. For general questions, customers can easily contact the following email : [emailprotected] or [emailprotected], together with service available in numerous languages including Vietnamese, Mandarin, Hindi, Russian, Malay, Thai, and English.

Telephone service for English-speaking traders is found through the UK-based number: 44-207-193-9932. The customer support agents are courteous, professional, and up to date. It’s also beneficial to know this forex broker has offices located across Europe, Asia, and also the subcontinent. Telephone and email assistance is easy to get from Latvia, Malaysia, Thailand, India, and Vietnam. Customers needing additional service are served by calling support agents during the live chat role. Additionally, there are social media marketing services on Facebook, and YouTube.

Safety

Safety includes prominently in Forex4You. The corporation has been operating for 11 years now, also works based on some strict legal framework. It’s totally compliant with KYC and AML protocols, and also articles all appropriate information pertaining to hazard disclosure, and legal documentation, security of client funds (segregation of account ), and also complete regulation and licensing. The organization which works Forex4You – E-Global Trade & Finance Group Inc is fully governed by the FSC. It sports permit # SIBA/L/12/ / 1027. The business can also be independently audited by KPMG (BVI) Ltd. The ethics of customer balances are guarded in any way times, and complete confirmation of client ID is required for this objective.

Ease of Use

It really is unbelievably simple to browse 1’s way round this trading platform. Together with 150 monetary tools readily available, traders could not have a difficulty picking stocks and trading in their own leisure. The complete selection of data options, tools, and trading tools is found to aid customers. Mobile, Web, PC and Mac functionality would make it simpler to appreciate trading products and services.

Final Thoughts

Forex4You is a recognized broker with an extensive assortment of tools out there. This userfriendly broker provides multiple balances, each tailored to various kinds of traders. If you’re enthusiastic about trading forex, crypto, indices, commodities, or shares, most options abound.