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forex4you (https://www.forex4you.com/en/?affid=ae89d5a) Review.
There's no shame in admitting that when we think of a major online Forex/CFD brand, forex4you (https://www.forex4you.com/en/?affid=ae89d5a) is not the first one that comes to mind... That said, if it actually were, there would be absolutely nothing wrong with that. You see, forex4you (https://www.forex4you.com/en/?affid=ae89d5a) is an industry veteran, it sports a global reach and it offers some outstanding services. On top of all that, it has a decent reputation as well.
The About Us page of the broker's website paints a very impressive picture, by using just a handful of numbers to describe the operation.
The broker plays host to some 1.6 million accounts. It is probably true though that only a fraction of those are active accounts, but that still makes an impressive number.
In addition to that, the broker has thus far executed more than 873 million orders. Launched in 2007, it has been around for more than a decade now, and the services it offers are available in 8 different languages.
In 2013, the broker launched Share4You, which is considered to be the first proper social trading service and as such, quite a revolutionary accomplishment at the time...
In 2016, the brokerage was further upgraded through the addition of a new liquidity aggregator and the overhauling of the order execution technology.
As mentioned above, the brokerage has managed to uphold a more than decent reputation among traders over the years. Given the age of the broker, this is no small accomplishment. Of course, this does not mean that there is nothing but positive trader feedback out there, but rather that the overwhelming majority of the feedback is indeed good.
The corporate entity behind the forex4you (https://www.forex4you.com/en/?affid=ae89d5a) brand is E-Global Trade and Finance Group Inc, based in the British Virgin Islands. The exact address is First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands.
While the regulatory reputation of the jurisdiction is not particularly impressive, the broker is nonetheless regulated by the local FSC. Its license number is SIBA/L/12/1027. In addition to that, the financial statements released by the company are regularly audited by an independent, specialized 3rd party.
What exactly does this regulation mean in terms of service availability though? forex4you (https://www.forex4you.com/en/?affid=ae89d5a) obviously does not serve clients from the US and Japan. Since it is not regulated in any shape or form in the EU either, the broker's services are not available in the EEA.
Why would a rank-and-file trader want to join this broker, knowing all the above?
In addition to being reputable, the broker can in fact make some of its clients quite profitable too.
According to the official website, in 2017, forex4you (https://www.forex4you.com/en/?affid=ae89d5a) registered over 122,000 active trading accounts, paying out more than $800k in client cash-back. Partners' profits totaled more than $4.8 million.
The broker is - beyond the shadow of a doubt - an innovator, and as such, it is always at the cutting edge of the industry. It is competent and its reach - despite its restrictive regulatory status - is a truly global one. It has offices in several countries all over the world, including Thailand and Vietnam. Apparently, the operator maintains employees in Europe too.
Honesty and transparency are some of the core values of the brokerage, and that means that their support staff is efficient and trader-friendly as well.
The broker offers no fewer than 5 real money accounts, none of which feature any minimum deposit requirements at all. While this is certainly a refreshing take, it has to be pointed out that more or less substantial deposits will have to be made, depending on the account type one opts for.
The most basic real money account is the Cent one, which supports USD and EUR as base currencies, and which is the most accessible for newcomers to the trading game.
The execution speed on this account type is 1.15 seconds. The trading conditions are obviously not the best the broker has to offer. The spreads are fixed and they start from 1.5 pips.
No commissions are charged and hedging is allowed.
The Classic Account offers quicker execution, and largely similar trading conditions, with the difference that the fixed spreads start from 2 pips on this one.
Like the Cent account, this account type offers access to the bonus program of the broker too.
Those looking for lower spreads will probably opt for the Cent NDD Account . This account option features floating spreads, starting from as little as 0.1 pips. In turn though, it charges commissions of 10 cents per traded lot.
The Classic NDD Account ups the stakes a little bit, featuring rather similar trading conditions for those not interested in the Cent scene. These trading conditions translate to variable spreads from 0.1 pips, and commissions of $8 per lot.
At the top of the account-type ladder, the Pro STP Account reigns supreme. Featuring the best market execution the broker has to offer, the Pro STP account offers spreads from 0 pips. The maximum available leverage on this account type is 1:200. The commission is 10 base currency per lot. Unlike the above detailed accounts, the Pro STP one does not feature access to the bonus scheme of the broker.
PAMM accounts are also available.
Not being tied by EU regulation, the broker is apparently free to offer monetary rewards to its traders for the trading volumes they log and the deposits they make. Such a reward is the 50% cash back the broker touts, through which hundreds of thousands of dollars find their way back to traders.
There's also a 100% deposit bonus as well as periodic Trading Hero Contests.
The broker offers a decent selection of trading platforms, spearheaded - at least as far as we are concerned - by MT4. Other than that, the broker also offers its own version of a WebTrader, its own desktop trader as well as a mobile trading app.
MT4 hardly needs to be introduced to anyone who has ever had any online trading dealings before. The platform - which is nothing short of a fully customizable trading environment - is the best in the world, charting-, analysis-, as well as features-wise. EAs are obviously among the most attractive features of MT4.
The other trading platforms feature forex4you (https://www.forex4you.com/en/?affid=ae89d5a)'s proprietary technology, which - while it is not MT4 - is nothing to sneeze at either. Both the web- and the desktop traders feature user-friendly interfaces and a surprising number of useful trading tools.
The broker supports the usual combination of electronic payment systems and bank cards. Neteller, Skrill and WebMoney are all in the lineup, as are MasterCard and VISA. All deposit/withdrawal methods support USD as well as EUR.
Through bank cards, the minimum deposit is obviously 1 base currency unit. Through Neteller, this minimum is 2 USD. Only the bank card options and WebMoney feature deposit fees.
The handiest way to contact forex4you (https://www.forex4you.com/en/?affid=ae89d5a) support is through the Live Chat feature. Other available support channels are the ticket system in the trader room, email ([email protected]) and phone support in several languages (English number is +44 207 193 9932).
forex4you (https://www.forex4you.com/en/?affid=ae89d5a) is a decent trading destination, no matter how we turn it around. It offers a good account-type selection, good trading platforms and reasonable trading conditions. While the regulatory status of the broker could be more solid, its healthy reputation makes up for this shortcoming.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
forex4you (https://www.forex4you.com/en/?affid=ae89d5a) overview.
Our opinion Recommended License CySec Trading software MetaTrader 4, MetaTrader 5 (demo) Trading conditions.
Address First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands, Phone number: +1-284-494-1576 E-mail: [email protected]
(https://www.forex4you.com/en/?affid=ae89d5a).org Official website www.forex4you (https://www.forex4you.com/en/?affid=ae89d5a).com.
forex4you (https://www.forex4you.com/en/?affid=ae89d5a) was established in 2007 on the territory of Virgin Islands (Great Britain). Irrespective of the fact that this broker began with small business dealings total amount of which did not surpass even $50 million, forex4you (https://www.forex4you.com/en/?affid=ae89d5a) took its stand in Forex top-rating of the best brokers very soon.
Its activity was noticed by Forex experts among which were big financial institutions, honored printed press and others. This broker was also warmly welcomed by common traders judging by their forex4you (https://www.forex4you.com/en/?affid=ae89d5a) feedback. The company won its first prestigious award "The most dynamically developed Dealing Center" in a year of its five-year-old anniversary, confirming its speedy rate of increase.
Nowadays all forex4you (https://www.forex4you.com/en/?affid=ae89d5a) clients may rest assured for soundness of invested capital, because the broker offers:
all assets segregation for its clients; cooperation with largest global banks, allowing its customers with solid investment to feel themselves secure, as the amounts: from $100 thousand are kept in reputable Switzerland from $500 thousand are kept in PPF Banka and OCBC.
Conformance of forex4you (https://www.forex4you.com/en/?affid=ae89d5a) activity to all international standards is checked regularly by FCS - special commission effecting control over the quality of financial service. Whereas the audit of this broker is carried out by an honored company KPMG, the scope of activity of which includes control of financial liabilities, flow of funds examination, all assets insurance and so on.
The last issue deserves a special attention. Company's activity is insured therefore in case of critical situations forex4you (https://www.forex4you.com/en/?affid=ae89d5a) customers will still receive their capital. If one pays attention to acceptable confidence level of the company, the forex4you (https://www.forex4you.com/en/?affid=ae89d5a) testimonials demonstrate very vividly the current state of affairs. This very point plays one of the most important roles for this company.
Observation of forex4you (https://www.forex4you.com/en/?affid=ae89d5a) reviews and its activity in the modern world necessitates turning attention to trading terms survey, which may be called not without vanity one of the best on the market. At the moment forex4you (https://www.forex4you.com/en/?affid=ae89d5a) offers four types of accounts excluding the training demo-account, which is used by broker's customers for their trading strategies and full-time Forex work testing.
For starting cooperation with this broker forex4you (https://www.forex4you.com/en/?affid=ae89d5a) survey testifies that one may have only one dollar, because a special cent account "Lite" enables to explore Forex even by means of such minimal deposit. As a matter of fact it has restrictions on maximal lot size and money orders quantity which instantly disappear with the next trading account "Cent" demanding only $10 for its setting up. To obtain possibility of the more healthy return forex4you (https://www.forex4you.com/en/?affid=ae89d5a) offers two dollar accounts "Classic Lite" and "Classic" demanding $100 and $500 for their setting up.
A credit leveraging rate ranges from 1 to 10 up to 1 to 500 and this is quite enough for trading strategies of all kinds, whereas broker's commission for trading operations execution is equal to zero. Money order opening is performed with minimal delay whereas the flat amount of spread leaves no doubt in regard to profit margin and enables to estimate paper profit and risks. Making a forex4you (https://www.forex4you.com/en/?affid=ae89d5a) survey it is important to mention that the solid annual interest is added to the deposit funds, which makes a good bonus for Forex traders.
For investments the forex4you (https://www.forex4you.com/en/?affid=ae89d5a) overviews advise of using the best PAMM accounts, allowing new comers to make use of experience of professional traders for making much of capital. For those investors who want to open and close transactions independently applying the knowledge of Forex experts there is an exclusive social Share4you mechanism. You may find its description on the forex4you (https://www.forex4you.com/en/?affid=ae89d5a) official site.