- Excellent selection of trading platforms
- Wide array of tradeable instruments
- Phenomenal customer care and support
- Great reputation and well established
- Only one type of trading platform offered
- Located offshore
- No cryptocurrency trading
Forex4You is a highly innovative and extremely reputable online trading brokerage that serves the international markets by providing their clients access to various financial assets to trade across the global markets. Forex4You’s mission is to contribute to the ever evolving online trading industry by bringing more transparency to the industry and make trading accessible to all. Forex4You is owned and operated by E-Global Trade & Finance Group, Inc. and was founded in 2007. Since the brokerages establishment, they have had over 1.5 million trading accounts opened and have executed over 838 million orders. Therefore, Forex4You has seen great success and is trusted and used by the masses.
Forex4You is based offshore in the British Virgin Islands with their headquarters located at First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands. Though the brokerage is located offshore, they are still licensed and regulated by a reputable regulatory authority known as the FSC under the Securities and Investment Business Act. Therefore, Forex4You is a reputable online trading brokerage with dedicated customers from around the world, but how do you know if they are right for you? After all, there are numerous viable online trading brokerages to choose form. We make this decision easier for you by dissecting all aspects of the Forex4You online trading brokerage and display the results here in our in-depth review below.
Forex4You provides their traders with the most popular and best online forex trading platform of all time, MetaTrader 4 (MT4). The MT4 trading platforms available to traders include the downloadable desktop MT4 platform, the web based MT4 Web Terminal platform, and the mobile MT4 trading platform. All MT4 trading platforms have been intuitively designed to provide a seamless trading experience for all experience levels of traders. The platforms allow traders to participate in automated trading with advanced algorithmic trading strategies called Expert Advisors (EAs). As well, traders can conduct extensive technical analysis via the advanced charting package that comes complete with numerous technical indicators, drawing and analysis tools, chart types, and time frames. Traders can also benefit from one click trading directly from the charts for a lightning fast and seamless trading experience. All in all, traders will not be disappointed with the suite of MT4 trading platforms provided by Forex4You.
Traders at Forex4You have access to the global financial markets and an extensive array of tradeable assets totaling over 150. The markets and extent of tradeable assets in which traders can trade include over 50 forex currency pairs, 8 of the most popular commodities, over 15 major global indices, and more than 50 of the world’s most successful company stocks. All in all, traders have access to the most lucrative financial assets with favorable trading conditions such trading on leverage of up to 1:500 on certain assets and low and competitive spreads.
Fees and Commission
Forex4You provides their traders with favorable trading fees that are incorporated into the spread on each trade. Traders at Forex4You can also benefit from zero commission trading and competitive spreads compared with the online trading industry standards. As well, traders can choose certain account types that impose fees via both spreads and commissions. See below, the associated trading fees with the different account types offered at Forex4You.
- Fixed spreads from 1.5 pips
- Zero commissions
- Fixed spreads from 2 pips
- Zero commissions
Cent NDD Account
- Floating spreads from 0.1 pips
- Commissions of $0.10 cents per lot
Classic NDD Account
- Floating spreads from 0.1 pips
- Commissions of $0.08 cents per lot
Pro STP Account
- Floating spreads from 0 pips
- Commissions of 10 base currency per lot
Security and Fairness
Forex4You is one of the most reputable online trading brokerages available and they implement the latest and greatest security standards to protect their clients funds and personal information. The brokerage is licensed and regulated by the FSC under the Securities and Investment Business Act and are also audited on an annual basis by KPMG (BVI) Limited. Therefore, the Forex4You brokerage must maintain transparent and reputable with all of the trading services they provide. Another security measure is the implementation of SSL encryption on all transmitted data as well as highly advanced and secure firewalls on their online trading platform and servers. Also, client funds are segregated from the brokerages funds to further protect the client in the event of broker insolvency or fraud. All in all, Forex4You is a safe, reliable, and fair online trading brokerage.
Like most other aspects of Forex4You, the customer support provided is of excellent quality. Customers can reach support representatives 24 hours a day, 7 days a week via email, live chat, support tickets, and telephone. Support is available in 7 different languages with localized telephone support in 5 different countries. In addition to these methods of support, traders have access to an extensive FAQ page and various educational content around the site.
The Forex4You online trading brokerage is of premium quality as they provide traders with exceptional trading platforms to choose from, a wide array of tradeable financial assets, phenomenal customer support, good trading conditions, and low commissions and fees. The brokerage is also highly reputable and well established. All in all, if you’re looking for a competent, reliable, and highly capable online trading brokerage then Forex4You could be the right broker for you.
The following are the common questions that customers inquired about Forex4You.
Is Forex4You regulated?
Yes, it is regulated by the the FSC under the Securities and Investment Business Act.
Is Forex4You a scam?
No, Forex4You is a legit broker with an excellent reputation.
Where is Forex4You based?
Forex4You is based offshore with their headquarters located at at First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands.