Video tutorials are also available to help traders understand the different aspects of trading, such as how to use the trading platform and how to perform technical analysis. Forex4you also conducts webinars and seminars, which are led by experienced traders and cover a wide range of topics, such as trading psychology, risk management, and market analysis. Forex4you offers customer support via various channels to assist their clients with any inquiries or issues they may have. The broker has a responsive and knowledgeable support team that is available 24/7 to assist clients. Forex4you’s customer support can be reached via email, phone, live chat, and even social media platforms such as Facebook and Twitter. Additionally, the broker provides a comprehensive FAQ section on their website, which covers a wide range of topics and may answer many common questions that clients have.
Their cent accounts make it easy for novice traders to immerse themselves in Forex trading and feel comfortable. Forex4You offers traders almost everything they need, and the quality of their support services is excellent. Forex4you offers several advantages such as a wide range of trading accounts, user-friendly platforms, no minimum deposit requirements, and several educational resources. However, there are also some disadvantages, including a limited number of tradable assets, high trading fees for some accounts, and no support for popular e-wallet payment methods. Potential clients should weigh these pros and cons before deciding to open an account with Forex4you.
Spreads and commissions are subject to change based on market conditions and volatility. Therefore, traders are advised to keep a close eye on the current trading fees and account terms and conditions before making any trades. As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. Forex4you does not require any minimum deposit to be made when opening any of the available accounts.
Forex4you applies swaps just like any other Forex broker – automatically at the time of rollover (when an order is rolled over to the next calendar day). Swaps are tripled from Wednesday to Thursday and increase or decrease according to national interest rates. Swaps are applied to all types of trading accounts, as accounts without swap are not available.
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Financial risks are mitigated but maintained to ensure that the company functions in a reliable and trustworthy manner. All client funds are kept in segregated accounts and forex4you only deals with regulated financial institutions.
Forex4you makes provision for educational tools in the form of webinars and seminars along with a blog. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific set of the largest companies of a nation or they can represent a specific stock market. The cashback can be then withdrawn with the available options in the withdrawal page.
Forex4you is first and foremost an MT4 trading terminal broker, offering different types of accounts for every type of trader. They currently give their traders access to more than 150 instruments, including Forex, commodities, stocks, indices and cryptocurrencies. What sets the company apart from a number of competitors is that Forex4you has its own social trading network – Share4you (go online). It allows anyone to copy trades of successful traders and allows profitable traders to become so-called “leaders” and share their trades with others for a generous reward.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
- Forex4you provides a range of educational resources to help traders improve their trading skills and knowledge.
- It is also one of the few forex brokers that have Cent accounts, which are ideal for novice traders with a small budget.
- If you do not trade for 90 consecutive days, Forex4you will charge an inactivity fee of $10 per month until you resume trading or your account balance is zero.
- The webinars have a schedule that displays upcoming webinars along with one that provides access to webinar sessions that have already been recorded.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. There is also a fairly informative chart that compares all accounts and data related to the trading of major currencies and commodities. Share4you gives you the opportunity to multiply your income by becoming a leader on a Share4you social trading network.
Additionally, the broker provides traders with access to 12 major indices, which include the S&P 500, NASDAQ, FTSE 100, and more, giving them the opportunity to take advantage of the stock market’s volatility. Finally, Forex4you offers over 50 company stocks that span different sectors such as technology, healthcare, and energy, among others, which can help traders to build a well-rounded portfolio. Forex4you is a global online trading service with a clear vision to bring a higher level of transparency to the online trading industry, and to make trading truly accessible to all. Since its inception in 2007, Forex4you was able to establish itself as a leading online trading service provider trusted by traders from all over the world. To date, Forex4you has more than 1.7 million active trading accounts and has successfully executed more than 700 million orders through its multi-platform trading systems.
Deposit & Withdrawal
I would advice you stay away from this company they made withdrawal of my money look almost impossible but am glad i was able to get my money back after they stopped responding to my mails. Forex4you is weak in terms of regulation, because it has only one regulator – the FSC in the British Virgin Islands. This website is using a security service to protect itself from online attacks.
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This is the most popular professional Forex trading software available, with outstanding tools & features for trading and conducting market analysis. On the Cent and Classic accounts no commission is charged but, on the Cent NDD and the Pro STP account $ 10 cents per lot and $ 8 per lot is charged, respectively. Forex4you is an offshore broker who is not under such strict compliance or regulation and traders have access to higher leverage.
Forex4you Review – 19 key points quick overview:
The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. Forex4you provides traders with a choice between four different accounts, Cent, Classic, Cent NDD and Pro STP accounts.
To better understand your issue and provide solution, if possible, please share data you’ve used during registration process. You should have already received request from Trustpilot for additional data provision to us. The process of opening an account with https://forexhero.info/ is simple and surprisingly fast.
The interface of the Forex4you MobileApp is user-friendly and at the same time has some features that are not present in MetaTrader 4. One of the most notable features is Slippage Control – it allows traders to set a slippage limit and allows for zero slippage, but in this case execution is not guaranteed at all times. The “ProSTP Markup” affiliate program is a relatively common affiliate program, but not widely used because affiliates can choose their own markup, which creates a less favorable environment for the trader. Clients can log in with any login created and switch between affiliate accounts without leaving their accounts. Forex4you allows its clients to make internal transfers between their own trading and commission (affiliate) accounts. Internal transfers are instant and usually take no more than a few seconds.
The company claims to check all documents of new traders in less than 5 hours on average if the package of documents was submitted within a week and the application comes from an individual. Full functionality, as well as the ability to deposit funds, becomes available as soon as the documents are successfully checked. While financial markets have long been a target for fraudsters, the foreign exchange market is especially vulnerable due to the sheer volume of transactions. With an average daily turnover of $6.6 trillion, the FX market is the most appealing area for money launderers to escape with their wealth.
➡️ Trading control – that allows for full trading control along with the use of a slippage function, allowing traders to set the limit to suit their trading strategies. Such a bonus is but a way to compensate traders for choosing a certain broke, since once the account is opened, the trader will have the same expenses as any other. There is a commission charge of 10 cents per lot charged on the Cent NDD account and $ 8 per lot on the Pro STP account.
➡️ 100%deposit bonus gives traders the opportunity to earn more with your capital. Whatever you deposit into your trading account will be doubled by Forex4 You. Forex brokers tend to lure new traders with offers of attractive deposit bonuses. Forex4you strictly prohibits third-party payments and the account from which deposits are made and to which withdrawals will be made must be registered in the same name as that of the trading account. Equity Stop Loss is for traders who prefer to manage risk with specific numbers.
Part of this is also ensuring that clients do not risk more than the original funds they invested. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too. Moreover, since 1 August 2018 The European Securities and Markets Authority (ESMA) has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader.
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Therefore, it is essential to consider these non-trading fees when choosing a payment method and managing your account to avoid unnecessary charges. In terms of customer support, Forex4you provides a 24/7 customer service team that can be reached via live chat, email, or phone. The broker also offers multilingual support in a variety of languages, including English, Russian, Chinese, and Spanish. Demo accounts are also widely used by more experienced traders who want to experiment with other asset classes.
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