Top Options
75/ 100
Min Deposit: $10
Min Trade Amount: 0.01 Lots
US Clients:
Bonus: 25% Welcome Bonus!
Leverage: 500:1
Free Demo Account:
Trading Platform: MT4, Mobile and iPad
Payment METHOD NAME Charge Time

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Full Review

About Forex4you

Forex4you is a forex brokerage brand owned by E-Global Trade and Finance Group. The company is based in British Virgin Islands and started operations in 2007. The company is regulated by the BVI Financial Services Commission. 

Special Offers and Bonuses

The following bonuses are offered on the Forex4you platform:

a)    There is a 25% account deposit bonus which is offered to new traders on the Forex4you platform.

b)    Frequent traders also have a special bonus incentive program. This helps traders receive the real value of a bonus spread that extends from 5% to 50%. Each standard lot transaction is awarded 2 points, and traders will get back 25% of the spread. After a period of three months, the percentage cash back is accessed and if it has totaled the bonus percentage they have chosen, then this amount is awarded to their real trading account.

Types of Trading Accounts

Several account types can be opened on Forex4you, mostly depending on the trader’s available capital and trading conditions.

a)    Cent Account: Traders can choose between a Cent Lite, Cent or Cent NDD account. This account requires a minimum deposit of between $1 and $10, and traders can use a leverage of as much as 500:1. In addition, there is the opportunity of using hedging and scalping functions on this account type. Minimum and maximum trade sizes are 0.01 lots and 100 lots respectively. The spread for the Cent and Cent Lite accounts are fixed and start from 2 pips, while the spreads for the Cent NDD account are variable and start from 1 pips, with a commission of $0.1 per 1 cent lot.

b)    Classic Account: The Classic NDD account charges as much as $8 per standard lot as commission, with variable spreads starting from 0.5 pips. Recommended minimum capital for Classic NDD is $100. Minimum and maximum trade size is 0.01 lots and 200 lots respectively. For Classic Lite, leverage is 500:1. Minimum and maximum trade size is 0.01 lots and 10 lots respectively, while spread is fixed and starts from 2 pips. Recommended capital is $100. For Classic account, minimum and maximum trade size is 0.01 lots and Unlimited respectively. Leverage maximum is set at 500:1, while recommended capital is $500.

c)     Pro STP Account: This is the account for professional traders, where scalping is allowed and ECN trade conditions are applied. Recommended capital is a minimum of $100, commissions on trades are $5 per standard lot, and spreads are variable starting from 0 pips, with a minimum and maximum trade volume of 0.01 lots and 200 lots respectively. Leverage maximum is 100:1.

d)    PAMM Account: This is the managed account service from Forex4you which allows traders to passively invest in the forex market. Spread is fixed (from 2 pips), and max leverage is set at 500:1. Trade sizes are a minimum of 0.01 lots and a maximum of 10 lots, or 1 lot for PAMM Cent accounts. Minimum capital is set at $100 per PAMM account. Minimum investor deposit is $20.

For all account types, use of expert advisors, hedging strategies and scalping is allowed.

Trading Platform Features

Forex4you offers the following platforms:

a)    Forex4you MT4: The MT4 from Forex4you allows traders all the benefits of an MT4 platform.

b)    MT4 Mobile: This is the MT4 platform designed for the various mobile devices such as iPhone, iPad, Android devices and tablets. They are downloadable from the respective app stores.

c)     MT4-ECN bridge platform specifically for Pro STP account holders. This platform is a product of

 

Commissions and Spreads

The commissions and spreads that are available for trading on Forex4you is given below:

Symbol Spread
Day Night
EURUSD 2 pips
0.2 $
2 pips
0.2 $
GBPUSD 3 pips
0.3 $
3 pips
0.3 $
USDCHF 3 pips
0.334 $
3 pips
0.334 $
USDJPY 2 pips
0.197 $
2 pips
0.197 $
USDCAD 3 pips
0.279 $
3 pips
0.279 $
AUDUSD 3 pips
0.3 $
3 pips
0.3 $
NZDUSD 4 pips
0.4 $
4 pips
0.4 $
EURAUD 10 pips
0.935 $
15 pips
1.402 $
EURCHF 3 pips
0.334 $
9 pips
1.003 $
EURGBP 3 pips
0.514 $
6 pips
1.029 $
EURJPY 3 pips
0.295 $
3 pips
0.295 $
EURCAD 8 pips
0.743 $
16 pips
1.487 $
GBPCHF 6 pips
0.669 $
18 pips
2.006 $
GBPJPY 6 pips
0.59 $
6 pips
0.59 $
AUDCHF 6 pips
0.669 $
18 pips
2.006 $
AUDJPY 6 pips
0.59 $
9 pips
0.885 $
AUDNZD 20 pips
1.739 $
30 pips
2.609 $
AUDCAD 8 pips
0.743 $
16 pips
1.487 $
CADCHF 8 pips
0.891 $
16 pips
1.783 $
CADJPY 6 pips
0.59 $
9 pips
0.885 $
NZDJPY 8 pips
0.787 $
8 pips
0.787 $
USDNOK 75 pips
1.208 $
75 pips
1.208 $
USDZAR 200 pips
1.869 $
200 pips
1.869 $
USDSEK 100 pips
1.464 $
100 pips
1.464 $
USDDKK 50 pips
0.908 $
50 pips
0.908 $
USDSGD 7 pips
0.563 $
12 pips
0.965 $
CHFJPY 6 pips
0.59 $
9 pips
0.885 $
EURNZD 20 pips
1.739 $
20 pips
1.739 $
GBPAUD 10 pips
0.935 $
15 pips
1.402 $
GBPCAD 10 pips
0.929 $
20 pips
1.858 $
NZDCAD 10 pips
0.929 $
15 pips
1.394 $
NZDCHF 10 pips
1.114 $
20 pips
2.229 $
EURHKD 45 pips
0.581 $
45 pips
0.581 $
USDHKD 14 pips
0.181 $
14 pips
0.181 $
USDMXN 150 pips
1.158 $
150 pips
1.158 $
GOLD 100 pips
1 $
100 pips
1 $
SILVER 5 pips
2.5 $
5 pips
2.5 $
AUDDKK 50 pips
0.908 $
150 pips
2.724 $
AUDNOK 100 pips
1.61 $
100 pips
1.61 $
AUDSEK 150 pips
2.196 $
150 pips
2.196 $
AUDSGD 20 pips
1.609 $
30 pips
2.413 $
CHFNOK 75 pips
1.208 $
150 pips
2.415 $
CHFSGD 24 pips
1.93 $
48 pips
3.861 $
EURDKK 50 pips
0.908 $
80 pips
1.453 $
EURNOK 100 pips
1.61 $
200 pips
3.22 $
EURSEK 100 pips
1.464 $
200 pips
2.927 $
EURSGD 20 pips
1.609 $
40 pips
3.217 $
GBPDKK 100 pips
1.816 $
200 pips
3.632 $
GBPNOK 200 pips
3.22 $
200 pips
3.22 $
GBPSEK 200 pips
2.927 $
200 pips
2.927 $
GBPSGD 30 pips
2.413 $
50 pips
4.022 $
NZDSGD 30 pips
2.413 $
50 pips
4.022 $
SGDJPY 16 pips
1.573 $
30 pips
2.95 $

Charting Packages

The charting packages available on Forex4you are the same charts and tools that come with the trading platforms on offer.

Education and Demo Accounts

There are a number of educational tools that traders can access on Forex4you.

a)    There is a forum in which traders can get access to in-depth articles that teach traders on strategies, technical and fundamental analysis. Interviews with experienced traders are also there to give traders an insight into the workings of the minds of the successful forex traders who have become multi-millionaires practicing this art.

b)    There is a forex ebook which is available as a free download.

c)     Traders can also get access to videos which give visual demonstrations on topical issues in forex trading.

Traders also get access to a free and unlimited demo account worth $100,000 of virtual money on MT4.

 

Customer Service

Forex4you Customer Support can be contacted through the following means:

1)    E-mail: [email protected]

2)    Phone:

Toll free (customer support): +44 207 193 9932

Australia: 1 800 447 830 (English) toll-free

Canada: 1 877 827 FX4U (English) toll-free

Malaysia: 1 800 813 772 (English / Malay) toll-free

Russia: 8 800 555 FX4U (Russian) toll-free

India: 000-800-100-4174 (English / Hindi / Marathi) toll-free

China: 400 120 0752 (Mandarin / Cantonese) toll-free

Indonesia: 1 800 813 772 (Indonesian) toll-free

Spain: 900 809 753 (English / Spanish / Catalan) toll-free

3)    LiveChat

Deposit and Withdrawals

Traders on Forex4you can perform account deposits and withdrawals as follows:

a)    Credit/debit Cards: Only VISA, MasterCard and Netpay cards are accepted.

b)    Bank wire transfers: All bank wires are to be sent to Forex4you’s account with PPF Banka (Swiss bank account with minimum deposit of $100,000) and OCBC Bank (regular deposits). Bank transfers made to PPF Bank will require a mandatory meeting with the bank officials.

c)     Electronic transfers via Neteller, Webmoney and Skrill.

d)    Payoneer MasterCard: The branded Forex4you MasterCard from Payoneer is available for withdrawals on all MasterCard ATMs worldwide. Funds can be withdrawn straight to the card, with fees as listed on the Payoneer website.

All newly added payment systems must undergo a 30-day waiting period for proper verification.

For withdrawals, all the methods listed above are accepted.

Deposit Limits

The minimum deposit amount allowed on Forex4you depends on account type and method of transaction. Credit/debit card deposits with Netpay has a maximum deposit of $9,999 per transaction, and $19,000 per month, while electronic payment such as Neteller have a maximum limit of $50,000. Other transaction methods such as Skrill, bank wires and WebMoney have no limits. 

Withdrawal Limits

Minimum and maximum withdrawal limits on Forex4you are as follows:

–       Bank wires: Minimum of $150; no maximum limits.

–       Neteller: Maximum of $2,500 per transaction

–       Payoneer: minimum of $20; no maximum limit.

–       Skrill: no limits

–       Credit cards: minimum of $10, and maximum of $2,500 per transaction.

–       WebMoney: no limits.

 

Conclusion

Forex4you is constantly updating and upgrading its services, with marked improvement on its forex product offerings in the last 2 years. It is a promising brokerage firm with a great future ahead of it if the improvements can be stepped up on all facets of its services.