CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex4You

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Home » Reviews » Forex4You

Forex4You Review

Pros

  • Segregates client funds
  • Established in 2007
  • Regulated by BVI
  • Min. deposit from $1

Cons

A minimum deposit of $1 is required for a live account. Forex4You, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.

Regulated by BVI. Forex4You puts all client funds in a segregated bank account and uses tier-1 banks for this. Forex4You has been established since 2007, and has a head office in the British Virgin Islands.

Before we dive into some of the more detailed aspects of Forex4You’s spreads, fees, platforms and trading features, you may want to open their website in a new tab by clicking the button below in order to see the latest information directly from them.

VISIT FOREX4YOU

Disclosure: If you sign up with a broker through one of our links, we may receive a commission.

What are Forex4You’s spreads & fees?

Forex4You like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.

The commissions and minimum spreads shown here are taken from Forex4You’s website.

ForexForex4YouCity IndexXTB
EUR/USD(Average: 0.7 pips)0.1 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)0.1 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)0.1 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)0.1 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)0.1 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)0.1 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)0.1 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)0.1 pips0.5 pips0.1 pips

The spreads are variable and are displayed for information purposes.

As you can see, Forex4You’s minimum EUR/USD spread is 0.1 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.

The table below compares the costs of trading one lot of EUR/USD with Forex4You vs. similar brokers.

SEE ALL SPREADS

How much does Forex4You charge to trade 1 lot of EUR/USD?

You would likely spend $15 if you bought one standard lot of EUR/USD (100k units) with Forex4You at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.

Forex4YouIGXTB
Spread from:$ 1.00$ 6.00$ 2.00
Commission:$8.00$0.00$0.00
Total cost of a 100k trade:$ 9.00$ 6.00$ 2.00
$3 less$7 less
VISIT FOREX4YOUVISIT IGVISIT XTB

Fees and quotes are displayed for information purposes and could change.

What can you trade with Forex4You?

Over 120 different instruments, including 50 currency pairs, are available to trade at Forex4You. Below, we’ve summarized all of Forex4You’s several types of instruments, as well as the instruments given by IG and XTB for comparison.

FX / CurrenciesForex4YouIGXTB
# of forex pairs offered50+9048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsForex4YouIGXTB
# of commodities offered43421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalNoYesYes
Index & Stock CFDsForex4YouIGXTB
# of stocks offered50+80001606
UK sharesNoYesYes
US sharesYesYesYes
German sharesNoYesYes
Japanese sharesNoYesYes
SEE FOREX4YOU’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit Forex4You

What’s the Forex4You trading experience like?

1) Platforms and apps

The popular MT4 forex trading software is available from Forex4You. See our MT4 broker comparison for a list of the best MT4 brokers. Forex4You also offers their Forex4You platform, which is unique to them. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.

They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.

SEE FOREX4YOU’S PLATFORMS

Still not sure?

Open a demo account and learn how to trade.

2) Executing Trades

Minimum and maximum trade size depends on the instrument and trader with Forex4You. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Forex4You offers STP execution.

Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.

We have included a list of some of the most common funding options that Forex4You provides to its traders.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account
  • Islamic account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

Forex4You offers support in many languages like English, Russian, Spanish, Chinese, Hindi, and Indonesian.

4) What you’ll need to open an account with Forex4You

Forex4You is regulated by the BVI, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:

  • a colour copy of your passport, driver’s license, or other government-issued identification
  • a three-month utility bill, bank or credit card statement that shows your current address

You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.

You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.

To begin the on-boarding process with Forex4You, you can go to their website.

Forex4You

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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