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Nov

Forex4you Review 2023 MT4 Spreads & Minimum Deposits Unpacked

Also Forex4You is regulated in its local jurisdictions including major financial regulators like British Virgin Islands Financial Services Commission (BVI). Forex4You has been facilitating trade on the financial markets for over 16 years. All funds deposited to Forex4You are held in segregated bank accounts for security. Forex4You is regulated by British Virgin Islands Financial Services Commission (BVI) so can be considered legit. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.

This article provides a list of best forex indicators for traders who want to make consistent profits. Learn more about this subject and learn how to choose the right one for your needs. There are a lot of factors and components involved in trading forex.

  • Forex4you provides traders with an easy-to-use tool to effectively handle their deposits and withdrawals.
  • A minimum deposit of $5 is required to start copying trades via share4you.
  • Traders are get to choose either a Cent, Classic, Cent NDD or Pro STP accounts for trading with instant and market execution.
  • Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.

Modern brokers like Forex4You provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Forex4You may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Forex4You trading profitability. Forex4you is an international brokerage firm with a strong presence in Asia, where it has hosted a number of seminars. Including sources from DowJones, FXStreet, Autochartist, and Trading Central, the analysis instruments give traders an additional competitive edge. Traders have the option of using either the Meta Trader 4 or the exclusive Forex4you trading platforms.

When you fund money to Forex4You, money is in a segregated bank account that is separate from Forex4You company’s funds. As a regulated broker, Forex4You cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Forex4You. Instead, your Forex4You funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Forex4You.

Forex Brokers We Recommend

Founded in 2007, the broker has grown in strength and numbers and has become a global brand. Forex4you claims to have over 1.7 million customer accounts and executed over 700 million orders. Traders must provide their name, e-mail, phone number, and a desired password. Forex4you is a regulated Forex broker, and account verification is mandatory. New traders can satisfy this requirement by submitting a copy of their ID and one proof of residency document not older than three months. The Share4you copy trading system is a unique feature at Forex4you.

  • By doing this, affiliates’ goals and the success of the traders they introduce to the platform are aligned.
  • This is a high-risk investment and you should not expect to be protected if something goes wrong.
  • Although the broker does not charge a fee for deposits, it does charge for withdrawals.
  • With a focus on teamwork, Forex4you offers affiliates committed support and makes sure they have the resources and knowledge needed to maximize their marketing tactics.
  • Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation.

The service is not available to residents in the USA, Japan, Canada, Australia and the European Economic Area. Forex4you accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and forex4you review most other countries. The MetaTrader 4 platform is a secure and trusted software, complying with high-level security requirements. This includes encryption protocols and two-factor authentication. Forex4you is not transparent around security in its proprietary platform.

Regulation and Security

Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. As part of our Forex4You review, we review customer service options, response times and problem resolution effectiveness on the Forex4You trading platform. The Forex4You trading platform supports multiple languages, which includes English, Russian, Spanish, Chinese, Hindi, Indonesian. It’s essential to note that the trading instruments offered under the Forex4You brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Forex4You trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

Forex4you Mobile App Review: Is it Worth Using?

Before you jump in, though, read our in-depth review of Forex4you. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

Can you make money with Forex4You?

Simple and free market scanning tool is available online and as a plugin for MetaTrader, Autochartist is one of the most popular tools employed by traders worldwide. This feature is of course available for MetaTrader, but only as an add-on Expert Advisor. As it was mentioned earlier – Forex4you is primarily an MT4 broker, but the company has also developed own trading platform, which is compatible with Windows and Mac. Forex4you allows their clients to make internal transfers between own trading and commission (partner) accounts. Internal transfers are instantaneous and usually take no more than few seconds to complete.

Forex4You Minimum Deposit

Deposits are fee-free but withdrawals range from 0.8% to 2% for e-payment systems, whilst bank cards cost 2.5 + 2.5% (EUR or USD). Provides technical analyst research which uses pattern recognition to help investors with decision-making. This service is provided only for 6 currency pairs – AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF and USD/JPY. Last, but not least is Liquidity pool monitor, which displays the available liquidity amount on prices from different liquidity providers. Forex4you Mobile App, it doesn’t differ much from Mobile MetaTrader 4, but it is visually more pleasing and provides traders with all the necessary functionality. Though, there are no educational contents, beginners can benefit from demo accounts, recorded webinars and Share4you.

Clients can also receive support via a web calling feature on the website. This feature allows a website visitor to call the customer care from the website using the client’s computer microphone and speakers. Forex4you I opened a small account and was trading with this company and made a profit of $30.

To further enhance security, we encourage traders to always look for the lock sign on their browser when using Forex4You web trading platforms. In addition, currency conversion fees may apply if the Forex4You withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Forex4You. Awareness of these Forex4You fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Forex4You funds. Please be aware that trading in financial assets with Forex4You carries a risk of loss. Forex4You trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools.