Forex4you

Information

Forex4you, operating under E-Global Trade & Finance Group, Inc., has been offering Forex trading services since 2007 and has expanded its portfolio to include various trading activities. As part of its comprehensive service offering, Forex4you engages in Forex trading, PAMM-account systems, a copy trading service known as Share4you, and ensures client fund safety with significant deposits stored in Swiss bank accounts. Additionally, they focus on educating traders and offer a multi-level affiliate program.

Regulation and License Forex4you

Forex4you is registered in the British Virgin Islands (BVI) under the number 1384287 and regulated by the BVI Financial Services Commission (BVIFSC) with the license number SIBA/L/12/1027. The broker is also regulated by FSC Mauritius. Their liquidity providers include prominent banks and financial institutions like Sucden Financial Limited, Boston Technologies, and INTL FCStone Inc., among others​.

Trading Platforms and Account Types

Forex4you offers several trading platforms, including MetaTrader 4 and their proprietary WebTrader, which provides features like Trading Control, Equity Stop Loss, and a Liquidity Pool. The broker caters to different types of traders with accounts such as:

1. DDE Accounts (Cent and Classic): These accounts involve a dealing center and are suitable for beginners.
2. NDDE-Accounts (Cent NDD and Classic NDD): Offering direct access to the interbank market without the participation of a dealing center.
3. STP PRO Account: Designed for professional traders, this account type provides end-to-end processing of applications with high-speed performance​​.

Features and Services:

• Share4you Copy Trading Service: This allows clients to copy the trades of professional traders. The service also offers the option to scale trades and choose leverage independently​.
• Educational Resources: The broker provides educational resources, making it a good option for novice traders. They offer a free demo account and a cent account with a minimum deposit of just $1, ideal for beginners to start trading under favorable conditions​.
• Client Fund Safety: Client funds are segregated, and Forex4you offers negative balance protection, although there’s a lack of a compensation scheme​.
• Global Presence: Forex4you serves a wide client base globally, with significant popularity in countries like Thailand, Vietnam, Russia, and India​.
• Customer Support: The broker provides multilingual customer support in English, Hindi, Russian, Malay, Mandarin, Cantonese, and Thai, with varying support times depending on the language​.

Fees and Commissions

Forex4you’s commission structure varies with the account type. For instance, the Classic Pro account has a commission of $8 per lot, which is above the market average. Spreads and swaps are also critical cost factors, with the minimum spread for the EURUSD pair being 0.9 pips on standard accounts​.

In conclusion, Forex4you presents itself as a versatile broker suitable for a range of traders, from beginners to professionals. Its regulatory framework, account options, and additional services like copy trading and educational resources make it a comprehensive choice for individuals looking to engage in Forex trading. However, potential clients should consider the fee structure and lack of a compensation scheme when making their decision.

Frequently Asked Questions about Forex4you