Forex4you Broker Review

 

To understand whether Forex4you is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.

is forex4you scam

For how long the company is in the market?

  • Forex4you is in the market since 2007.

What are the main advantages here?

  • Forex4you has cent accounts, which means that clients can start trading on a real account with any deposit. Also, Forex4you has its PAMM platform which might be interesting for Forex investors and traders who want to attract funds for management.

Did you find any reasons not to work with this broker?

  • The important thing about Forex4you is that it is not regulated by European organizations such as FCA and CySEC.

Does Forex4you have swap-free (Islamic) accounts?

  • We did not find an option to open a swap-free account with Forex4you.

What is the minimum deposit amount?

  • The minimum deposit to start trading on a cent account is around $10.

Is this broker regulated?

  • Forex4you is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act, 2010 (“SIBA”) in the British Virgin Islands (“BVI”). Under SIBA regulation, the FSC promotes the BVI’s license regime to comply with international best practices and common standards of industry predefined by such organizations as the International Monetary Fund and the International Organization of Securities Commissions.

Anything special about spreads and margin leverage?

  • The maximum margin leverage is 1:1000 which one of the highest in the market. Please remember that trading with a high margin leverage is very risky!

Forex4you Features

Minimum deposit$1
Cent account
ECN account
Typical spread2
Avg rebate per lot$7.80
Quote accuracy5
Execution typeIE/ME
Max leverage1:1000
Trading platformMT4
Est since2007
RegulationBVI FSC
Pamm accounts
VPS service
Mobile Trading
EAs/Robots
Minimum trade size0.01
Islamic account

Open Account

Trading CFDs carries a high degree of risk. It is possible to lose all your capital.

Youtube Review

Suspicious reviews that we found

Its horrible broker. Run away as far as you can guys. AVOID!!! Asked representative will I get my new MT4 password to email same way I get to the phone number and been told YES. And after that it became a nightmare. My funds were locked for 30days as it was uploaded with new debit card. I asked customer support to send me a new pasaword by email. Guess what- no ways!!! I spoke through the online website phone line but even there they were unable to help cause the ONLY way to change password for mt4 on their stupid system is to send it by txt message.WTF?!!! And even after I changed my number I needed to fill forms online to sort the things out. Instead of few simple clicks I spent 2days . So be aware, run away from this ridicoulus and useless broker.*

*We found this review on Forexpeacearmy.com. The client had an issue with password restoration, we do not know if the issue was solved by the customer support, hopefully, it was.

7 COMMENTS

  1. The minimum deposit amount allowed on Forex4you depends on account type and method of transaction. Because I do not have much to invest that is why I choose to trade with them. They are experienced and supportive forex broker in the market. You can call the the lowest spread and fastest execution broker also. They are regulated and trustworthy.

  2. I opened an account with this company but I could never started to trade due to problems to verify my account. I felt attracted by good trading conditions, especially spreads and I’ve read positive comments about this broker, that’s why I decided to open an account but they don’t allow to trade if you don’t verify your account first. I am trying to do it since February and managers don’t accept my documents. They always give me excuses and ask me for new documents but I am exhausted of this situation. At least, I didn’t deposit any amount of money.

  3. It’s good. The platform was hard to understand at first, but am ok with it now. I prefer the Dollar account since my pip value is bigger with it. The Cent account looks like child’s play. Still, this is a decent broker.

  4. Forex4you is the best broker,
    —-simple opening account
    —-No deposit and withdrawal fees (Moneybookers).
    —-Swap-free accounts are available
    —-online support is very nice

  5. I can see some people talking about delays in withdrawals here. Kindly read on their site as regards to stoppage of funding via Bank Wire and also limited amounts to be withdrawn via Bank Wire. If you are using Liberty Reserve or any other form of payment, you will not have a problem. Chat with their support and stop giving this good broker a bad name!

  6. I opened an account with these guys after months of searching for a broker. 4 digit quotes and easy to fund. Made my first withdrawal today to my moneybookers account. It took 5 mins!! for the money to reach my account.

  7. We have been using forex4you for about 5 years ( previously eglobal ) and am totally satisfied with them as a broker.
    Now they have gone to forex4you there support is quicker and we have never had or know of anyone having a problem getting there funds.

    There Cent accounts are the best there are, I do agree you get the occasional requote around peak times but its not STP so what can you expect.

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