Forex4You Broker review
Company | E-Global Trade & Finance Group, Inc. |
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Founded in | 2007 |
Online since | 2007 |
Offices in | India, United Kingdom |
Payment options | Credit/debit cards, Liberty Reserve, Liqpay, Moneybookers, QIWI, WebMoney, Wire transfer, andex.Money |
Demo Platforms | Meta Trader 4 |
Account currencies | Euro, United States Dollar |
Currency pairs | AUD/CAD AUD/CHF AUD/DKK
AUD/JPY AUD/NOK AUD/NZD AUD/SEK AUD/SGD AUD/USD CAD/CHF CAD/JPY CHF/JPY CHF/NOK CHF/SGD EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HKD EUR/JPY EUR/NOK EUR/NZD EUR/SEK EUR/SGD EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/DKK GBP/JPY GBP/NOK GBP/SEK GBP/SGD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/SGD NZD/USD SGD/JPY USD/CAD USD/CHF USD/DKK USD/HKD USD/JPY USD/MXN USD/NOK USD/SEK USD/SGD USD/ZAR |
Regulated by | Not Regulated |
US Traders welcome? | No |
Bonus? (detailed) | |
Website available in (languages) | Arabic, Chinese, Croatian, French, German, Indonesian, Japanese, Malay, Persian, Russian, Spanish, Thai, |
Support available in | Catalan, Chinese, English, German, Hindi, Indonesian, Malay, Marathi, Russian, Spanish |
Support methods | Email, Live Chat, Office, Phone |
Account Types (micro standard executive islamic) | Cent Lite (Instant), cent (Instant), Classic Lite, Classic, Cent NDD, Classic NDD, Pro STP, Cent Lite (Market), Cent(Market), Classic Lite (Market), Classic(Market), Cent NDD (Market), Classic NDD (Market) |
Minimum account size | $1 |
Minimum position size | 0.0001 Lot |
Spread type | Fixed |
Minimum spread on EUR/USD, pips | 2 Pips |
Expert advisors | Allowed |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:500, Gold & Silver – 1:500, CFD – 1:10, Stocks – 1:10, Furures – 1:10 |
Trading platforms | Meta Trader 4, Meta Trader 5 |
Digits after the dot in quotes | 5 |
Margin call level | 20% |
Stop-out level | 10% |
Number of currency pairs | 53 |
· Interest rate on funds | Yes |
Bonus offers | Yes |
Free education | Yes |
MAM accounts | Yes |
Affiliate program | Yes |
Islamic accounts available | Yes |
· Hedging | Yes |
Overnight interest rates (swaps) | Yes |
Trailing stop | Yes |
Pending orders | Yes |
One-click trading | Yes |
Mobile trading | Yes |
Automated trading | Yes |
Forex4You broker is has it’s headquarter in London and is registered in British Virgin Islands and also have their satellite offices in Moscow, Mumbai and many other major cities all over the world. They offer many facilities to their customers like interest rate on funds, bonus offers, fee education, PAMM and MAM accounts and also Islamic accounts. They also provide Affiliate program for their customers. They have a host of payment options which include credit cards, debit cards, Liberty Reserve, Liqpay, Moneybookers, QIWI, WebMoney, wire transfer and Yandex.Money. With so many options it becomes easy for the traders to make deposits as well as withdrawals. They have their offices in India and United Kingdom. You can have United States Dollar and Euros as account currencies. Their website as well as the customer support service is multilingual and available in 12 and 10 languages respectively. The customer support services can be availed via email, live chat, office and phone.
The demo account is also made available to the clients free of cost and the trading platform offered is the most respected one in the forex market that is Meta Trader 4. They offer different types of trading account and hence the traders are at large to select the one which suits their trading needs the most. The minimum amount required to open an account with them is $1 and the minimu position size is just 0.0001 lots. Their spread type is fixed which allows the customer to know the cost of trade before putting the order. They also allow the use of Expert Advisor which further makes their trading experience smooth and easy. They allow the clients to trade in gold, silver, CFD, Stocks and futures other than forex and the maximum leverage offered is 1:500. They also allow the traders to do hedging while trading.
Reviews have become one of the best medium by which you can access the performance and services of a company. The reviews posted online for forex4you is good and shows that there are many happy customers. Many of them have posted in their reviews that it is great broker for beginners and give some great bonuses and have extremely good pro-accounts. Many of them like their demo and cent accounts which has easy to use trading platform. Many of them like the fact that the leverage is up to 1:500 and that they allow the use of Expert Advisor. The payment options are many and most of the traders have written that withdrawal of funds is easy with Forex4You traders. They offer 58 currency pairs which include most of the major pairs and also some of the exotic pairs and this is liked by many traders. They offer traders the liberty to trade in gold, silver, CFDs, futures and stocks along with forex are like by many. The only drawback is that it is not regulated. The average rating given to the company by its users is 5.1 out of 10.