Forex4You was established under E-Global Trade & Finance Group, Inc. in 2007, a British Virgin Islands (BVI) registered to carry company. the corporate offers online Forex trading services on a worldwide level. Their ability to individualize their customer service makes them popular among online trading, with the corporate taking notable steps to deal with grievances on other platforms where their services have gotten complaints.
The company is licensed by FSC. Though they state they’re regulated by an equivalent company, for the foremost part, the corporate expects that those under their umbrella to self-regulate. there’s relatively little that FSC can do when it involves legal matters. the corporate , however, states that they’re annually audited by KPMG and has insurance by Willis Group Holdings PLC.
Features
To date, the corporate has quite 1.5 million opened accounts and about 828 million total orders executed. The leverage goes up to 1:1000 with tight spreads; offers order execution from 0.1 seconds and a 25% deposit bonus. A user gets a replica trade service, free market analytics, 150+ tradable instruments and PAMM service. Forex4You also provide cryptocurrency trading and webinars and seminars to assist their clients.
The over 150 tradable instruments include Forex (50+ currency pairs), indices (15+), commodities (WTI, Gold, Brent and more), stocks (more than 50 companies) and cryptocurrencies (Litecoin, Bitcoin, Ripple, Ethereum). With only one account an individual can access the varied trading platforms offered. you’ll also access Forex4You on various devices, including the phone, tablet, and computer. The platform, like many other brokerage services, is predicated on Meta Trader 4.
Traders even have the chance to extend their income by becoming a social leader within the trading network by receiving a commission for normal each lot copied between $2, $4, $6 and $8.
Accounts
There are various accounts on offer on this platform and have different speed , leverage and forex contract size. there’s the Cent, Classic, Cent NDD, Classic NDD and Pro STP. the main difference with these accounts is that the execution speed: 1.12, 1.17, 0.72, 0.48 and 0.27 seconds respectively. All accounts have leverage from 1:10 to 1:1000 aside from Pro STP that features a 1:10 to 1:200.
What makes Forex4You unique from other trading sites is that it’s a minimum deposit of $0. that creates it ideal for traders starting out their trading journey and people with small budgets but still keen to form money through trading. They also accompany a minimum trading volume of 0.01 lot. Only the latter three accounts have commissions of a mean of 10 cents per lot.
Transfers
Forex4You offers withdrawal for money 24/7 from Visa, MasterCard, FastPay, Neteller, Skrill, and WebMoney.
Awards
Le Fonti, a media company that’s an independent source of international business analysis, in 2018 deemed Forex4You the Forex Broker us of the Year. The firm got an identical award South East Asia- IAIR Award in 2017 and 2015 they received the simplest Quality Service within the 14th MENA Forex Expo Dubai.
Other services
Those who wish to require a special approach in investing have the change to take a position in fund management. they will participate within the Forex market without having to trade. One only need have traders within the PAMM accounts manage the investments where an individual received a percentage of the profit as per the stipulated offer.
Forex4You offers a free analytics tool where an individual can predict an increase or fall in exchange rates before they happen . These are the Dow Jones where users can get their fix of stories reports and commentaries. As for the FX Street, clients get explanations of trading events and the way they affect the calendar. The Trading Central technical analysis does because it implies when it involves the six major currency pairs that’s EURUSD, USDCHF, USDCAD, AUDUSD, GBPUSD, and USDJPY. Trading Central WebTV is where users can access financial news online.
Pros
• Multiple accounts
• Multiple services including calendars, news, and analysis
• Offers to trade fund management
• are often used on various platforms
• Forex4You has insurance and audited by KPMG
Cons
• BVI is an offshore account can make people nervous should there be any upsets within the corporate
• Not FCA regulated
Conclusion
Overall, Forex4You has been around for a short time and has trusted affiliates including KPMG and Willis Group Holdings PLC. They even have awards from recognizable organizations from various countries where they likely offer services. Forex4You also offers resources that are useful for traders who are either seasoned or starting out.
The only area of concern is that they’re not a Forex regulated brokerage (like tradersway) and have their count during a haven. In such a case, one can only trust their dedication to serve their customers, both former and current as they are going out of their thanks to answer complaints on online forums
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