Forex4you Review 2019 | Is Forex4you a Scam or Legit Forex Broker?
Rating breakdown
Forex4you Overview
Forex4you is an offshore FX and CFD brokerage company that began a revolution to match EU & UK brokerage standards. This FX and CFD broker has grown to offer brokerage services to more than 1.5 million traders worldwide.
| # | Broker's Features | FOREX4YOU Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ✔ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ❌ |
| # | Swaps | ❌ |
| # | Demo account | ✔ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Forex4you.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Forex4you offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.
Tradable Products: Forex4you offers the opportunity to trade more than 150 assets, distributed across several asset classes such as Currencies, Indices, Commodities, Stocks, and Cryptocurrencies.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Forex4you is N/A.
Features: Forex4you allows traders to copy other more experienced traders, and also allows experienced traders sell their signals using the proprietary Share4you platform.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Forex4you recommended minimum capital is $1.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Forex4you is regulated by FSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Forex4you provides investor protection via continuous audit of the broker’s records, robust funds security via account segregation, internal risk control mechanisms and capital adequacy.
Languages Available: Next lets have a look at each broker's different Language options. Forex4you offers Chinese, English, Malaysian, Russian, Thai.
Payment methods: Next lets have a look at each broker's payment options. Forex4you offers redit Card, Cryptocurrencies, Moneybookers, Neteller different payment methods for each account types.
Deposit and withdrawal: Forex4you presents a number of deposit/withdrawal options that can be used by clients all over the world. There is a deposit/withdrawal method for every trader, no matter the location, onForex4you.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Forex4you makes MetaTrader 4, Proprietary available to clients.
Web & Desktop Trading Platforms: The MT4and MT5 platforms are provided by Forex4you as a WebTrader, mobile apps and a desktop application that can be downloaded from the website.
Mobile Trading Platforms: The mobile version of the MT4 platform is provided by Forex4you, as well as a proprietary mobile application. Simply enter your phone number to get the link with which to download the authentic versions of the proprietary mobile app from Forex4you at the Google Play and App Stores.
Trader Education
Forex4you has a very comprehensive trader education suite. Apart from webinars and seminars, Forex4you used to maintain a blog which featured illustrative articles on virtually every subject matter in forex and CFD trading. However, the blog has been discontinued.
Promotions
Being an international, offshore FX broker, Forex4you is not bound by the restrictions on bonuses and promos as is the case with brokers based in Europe and the UK. Several promotions and bonuses are available.
Support
Forex4you has various means of providing customer support, and these are available on a 24/5 basis. Reach the customer support desk using live chat, country-specific phone numbers, email and the online calling app. Support is available in several languages.
Recup
Forex4you is an offshore broker operating from the BVI and a network of regional offices. It also works with local partners that are able to promote the brand and organize local seminars. It is regulated by the FSC and offers investor protection in the form of clients’ account segregation, customer identification, regular auditing and increase in capital adequacy ratios.
Final Thoughts
To compete with the top-tier brokers, Forex4you needs to review its regulatory policies and aim to site a branch in Europe to at least get a top-tier brokerage license which will boost investor confidence.
Trading Experience
Forex4you brokerage service is suitable for entry-level and intermediate-level traders. Expert traders will not find the tools they use for their kind of trading style on Forex4you