Forex4you Review 2017

Forex4you Review 2017

Forex4you Review 2017

At this moment in time, Forex4you is one of the most reputable brokers in the forex and CFD trading industry. This year they are celebrating their tenth anniversary in the business, which gave us an opportunity to take a look at the company’s offer and see what they have in their arsenal. Given their longevity and reputation, they have to have some pretty interesting features, right? Well, our team sifted through every part of their website and will now share the conclusions with you.

As all our other articles of this kind, Forex4you review will also be very detailed and bring you absolutely everything you need to know about this esteemed brokerage. So don’t hesitate to put a couple a minutes aside to read it.

Prepare to discover something amazing! Let’s get started, shall we?

PROS

CONS

– available across the globe

– PAMM accounts

– excellent MT4 platform

– numerous education materials

– flexible financial requirements

– unique mobile app

– easy to contact

– money transfer fees always applied

 

 

Forex4you Review | First steps

We will start our Forex4you analysis with a short glance at the login process. We have to emphasize here that this broker is available in many different countries, including India, Indonesia, Italy and many other places. Even Thai traders can enjoy this website freely and in their own language, no less. Now, if you want to open an account with this company, you can do so very easily. Simply click on the wallet above the “Open an account” invitation on the main page and you will be taken to a page where you can examine account types more closely (you can also do that in this very analysis just below). Once you decide which account type is right for you, click on it, click the button to open an account and you will be taken to the registration screen. Fill out the forms and your forex4you.com login will be complete. Everything in this process is very smooth, so the whole thing flows without any interruptions, but to give you an idea of what to expect here we will continue this Forex4you review with an examination of the available account types. Read on!

Forex4you Registration

Forex4you Registration

Forex4you Review | Regular live accounts

There are a lot of account types we need to go through, so we will split this part of the review into several sections. This one will be dealing with the more usual live accounts, of which you have three options. The first one is your Forex4you Cent Account, which is something between a demo account and a full-fledged live account. The reason we say that is because you get to be a part of the market with this account by making investments of just two cents. You can practice and test things with the lowest possible financial risk to you, which will certainly be attractive to people who are making their first steps in this industry. In addition, this account type is also swap-free, which makes it a perfect Forex4you Islamic trading account, as well.
Apart from the Cent Account, you can also choose the Classic Account. This is the standard package you expect to get when signing up with a company like this and the most popular Forex4you account type at the moment. With it, you get to trade in dollars and euros, receive news from Dow Jones, potentially make use of very high Forex4you leverage (it can go up to 1:1000!), plus there are several other interesting perks. In short, you will be satisfied with the offer. Finally, there is also the Pro Account for which the broker states that it was made with „scalpers and robots“ in mind. High execution speed, spreads starting from 0 pips, no limit/stop levels… all these features are a part of this particular package, so take a moment to think what you as a trader need and how you’re going to be trading and then make your choice.

Forex4you Classic Account

Forex4you Classic Account

However, one more thing needs to be said about the first two Forex4you account types that we mentioned in this paragraph. They can both be used as NDD (no-dealing-desk) accounts. If you go for these versions, there will be some commissions to pay, but in return you will get faster execution and lower spreads, as well as unlimited history storage time. At the end of the day, everything is up to you, but there are more accounts to analyze in this Forex4you broker review, so stay with us.

Forex4you Review | PAMM Accounts

Yes, there are more options when it comes to selecting your account, and the following two we find particularly interesting. This is because these two are Forex4you PAMM accounts and represent a whole new way for people to make a profit in this industry. You can open a PAMM account for traders or for investors, depending on the role you want to take. Each account has to have at least 100 USD of initial capital, with at least 20 USD coming from each investor. If you’re a trader, once you have the capital, then it’s all up to you to show your skills and attract new investors. On the other hand, if you simply don’t have the time to analyze the market constantly and really dive into all of its details, the PAMM account for investors is for you. After you open it, simply look for a competent trader with a fair offer and invest in his or her knowledge and skill. The trader will then open trades for both of you and both of you can end up profiting from this arrangement. The whole idea is to reduce risk for all sides and make trading skills into something more desireable and marketable. To be honest, we love it and hope more brokers will include this in their offer in the future. However, there is still one more account type we have to analyze in our Forex4you review. Don’t go away!

Forex4you PAMM Account

Forex4you PAMM Account

Forex4you Review | Demo Account

No serious broker would allow itself to have an offer without a way for traders to test things out first. To do that on this website, you have to create your Forex4you demo account, which is very easy to do. Simply fill out a short form and that’s it. As is customary with these types of accounts, you don’t need to pay anything to get started or use real money while trading. There is no financial risk involved whatsoever, but you still get all features a live account has. Experience live market trading, use analytical tools, create your trading strategies and so much more without any stress or fear of losses. Once you feel ready to trade with real money, you can easily upgrade this account to one of the account types we mentioned earlier. The broker really does everything in its power to make sure you prepare yourself thoroughly for all potential trading challenges, but at the same time keeps everything very simple and accessible. There is just one thing you need to do before you start, though, and that is to download the Metatrader 4 terminal. Yes, that is the platform you will be using here, so we should now dedicate this Forex4you broker review to that particular subject. Stay tuned and see why this is the most popular platform in the world!

Forex4you Demo Account

Forex4you Demo Account

Forex4you Review | MT4 trading platform

Yes, Forex4you trading platform is a Metatrader 4 platform, so let’s take a quick look at what you can do with it on this website.
As you would expect, what you get here is nothing short of excellent. Your orders are executed instantly, quotes are numerous and constantly updated, plus you have a whole lot of tools and features designed to help you make the right choice at your disposal. A huge number of instruments and indicators can be used to analyze the data coming your way, you can set alarms and alerts to warn you of specific market conditions and, as mentioned earlier, you even get news updates from Dow Jones. Naturally, you also have an economic calendar to help you plan ahead. Even a one-click script is available here to further help you make the most of your trading time.

Forex4you MetaTrader 4

Forex4you MetaTrader 4

Keep in mind that you will have to download your Forex4you MT4 platform, but this can be done from the broker’s website and will not incurr any additional costs. In other words, you get it completely free. Through this terminal you will be able to monitor literally every aspect of the market thanks to its excellent and user-friendly design. Even if you’re a complete beginner, you will get the hang of things very quickly. Naturally, you can also use this thing on your mobile devices, but that deserves a separate paragraph of this Forex4you review.

Forex4you Review | Mobile app

Given how serious this broker is, it is no surprise that Forex4you also comes as a mobile app. You simply cannot compete in this industry without it, so let’s take a look at what this product has to offer.
You have to know that the Forex4you app is a unique piece of software developed by this very broker to help traders react quickly to all market movements. It is completely free and can be dowloaded to both Android and iOS devices, meaning pretty much everyone should have access to this product. You can even download instructions along with it. This will be both your Forex4you Trader Room (the area you can access when you complete the login) and a trading platform on your mobile device and therefore you can expect pretty much the same level of quality you get on the MT4 platform.
As far as the features are concerned, we will mention some of them, but the list is actually too long to fit in this paragraph. First of all, it’s interesting to note that the app comes with tips on how to use it, which is very commendable. Next, you have a lot of choices in front of you, from more than 150 different assets and over 100 indicators to ten different timeframes, two types of charts (candle and stick) and even two interface types. In short, mobile trading has never been easier or more comprehensive than this, and we honestly believe you will enjoy it. We still have some very important topics to discuss in this Forex4you review, though, so we should be moving on. Find out what’s next on the agenda.

Forex4you Mobile Platform

Forex4you Mobile Platform

Forex4you Review | Deposit

It’s time to talk money! All those accounts and trading features aren’t worth very much if you don’t have anything to trade with, so let’s take a look at how you can transfer your funds to your trading account. Once you log in and access your Trader Room, click on the „Add funds“ button and you will be able to start depositing. Forex4you deposit methods come in three separate groups: bank wire transfers, bank cards (Visa and MasterCard) and e-wallets including Skrill, WebMoney, Neteller and FasaPay. Now, the numbers vary quite a bit depending on the method you choose, which means you should carefully examine the options you have.
Forex4you minimum deposit requirement is a good example of that because it doesn’t exist for Skrill and WebMoney, Neteller will ask for 2$, the cards 1$, and bank transfers cannot be lower than 100$, but even this depends on the bank. It’s a very similar story with maximum deposits – the first two have no limits, just like some banks, but otherwise you can deposit up to 50,000$ via Neteller. Don’t forget about deposit fees either, because you will have to pay them if you’re using credit cards (1.3% +0.50$) or WebMoney (1% + a WebMoney fee of 0.8% up to 50$). All in all, you really have a lot of flexibility in this respect and should be able to find the perfect way to fund your account. Once you do that, you can gain some extra value. However, that is a story for the next part of Forex4you review. 

Forex4you Deposit Methods

Forex4you Deposit Methods

Forex4you Review | Bonus

Brokers often reward their clients for depositing with them. This one is no exception, but Forex4you bonus policy has some interesting twists. As soon as you make a deposit in the Trader Room, you will see what we mean.
You see, you are the one who gets to choose the size of your bonus (between 5% and 25%) which will then be credited to your total account balance. Next, you will have to reach the turnover requirement and after you do that the bonus amount will automatically be added to your account balance. What is interesting to note is that you get a part of the spread for each trade you make. They can also go as high as 25% and once their total reaches the amount you received from the broker your turnover requirement will be fulfilled. It is important to say that you can have up to five active bonuses at a time. Of course, you can make even more deposits, but you will not receive any additional funds for them and the wagering requirements will be fulfilled in the order you received your bonuses. In other words, you can’t clear your third bonus first, then the second one etc, but have to clear them in the exact order you received them.
If you decide to participate in the Forex4you bonus program, you can also expect various gifts from the broker every now and again. These promotions can include additional bonuses or returns of the commissions you pay, which is always a very nice surprise when it happens. We also have some very interesting information regarding Forex4you no deposit bonus. At the moment of writing this guide it is still not available, but we were assured by the broker that they are working on it and will implement it very soon. So be sure to check if the no deposit bonus is available when you finish this article. Once you get the bonus and start making profit, however, you will naturally want to initiate a withdrawal. The following part of Forex4you review will show you how that is done.

Forex4you Review | Withdrawal

We’ve reached probably the most important financial topic of every analysis of this type – we are about to take a look at the withdrawal process. We discussed the conditions for withdrawing bonuses in the previous analysis, so this will be a more general overview.
Forex4you withdrawal works pretty much in the same way as the broker’s deposit process. The same methods are available (bank wire transfers, credit cards and electronic payment systems). Minimum withdrawal also depends on the method you’re using, and it can vary from just 0.02$ (Skrill and WebMoney) to 150$ for bank wire transfers. Most methods don’t have an upper limit to how much you can withdraw, but that does not apply to the credit cards, which have a 2000$ limit per transaction, and Neteller, whose limit is 2500$. However, no matter how you’re withdrawing, you can expect some sort of Forex4you withdrawal fee. It ranges from 0.5% for FasaPay and 0.8% for WebMoney to 40$ or 20€ if you go for bank wire transfers. Visa and MasterCard cards will charge you 2.50$ + 2.5%, so do a bit of calculating and see which method is best for you. We also have to mention that these processes will be executed instantly if you choose to go with the e-wallets, but may take up to six days otherwise. After testing each and every one oft he available methods, we are happy to say that no withdrawal problems were detected. Not a big surprise there when you consider the broker’s reliability, but our Forex4you review will bring you more on that in the next part.

Forex4you Withdrawal Methods

Forex4you Withdrawal Methods

Forex4you Review | Contact and support

If there’s one thing you don’t need to worry about, it’s Is Forex4you Safe. They are a regulated broker, with an FSC licence, numerous safety features and excellent support. The latter is what we will be disussing here.
First of all, contact with the broker can be made in a variety of different ways. There are several phone numbers you can call, each of them dedicated to a separate country (from Spain and Russia to China and Thailand) and all of them without any charges. Likewise, you also have several e-mails you can use, depending on the nature of your inquiry. Online chats are also available, be it via the live chat app or via the Trading Room. You can even send them a fax if you need to. But no matter which contact method you choose, the support will always be excellent and very quick. We can vouch for that ourselves.

Forex4you Contact

Forex4you Contact

Another thing that needs to be said about Forex4you support is that they have several international offices you can get in touch with. Their branches are found in Thailand, India and Malaysia, so it’s pretty clear the company has focused on Asia quite a bit. That can also be seen from the selection of languages in which this website is available – traders from India, Indonesia, Malaysia, China and Vietnam can all use their own languages, apart from the standard offer of English, Spanish, German, French and many other choices. In short, no matter where you’re trading from, this company will provide you with everything you need, including an excellent education package. That’s right; this is what follows in this Forex4you review, so keep reading!

Forex4you Review | Education

Rookie traders have nothing to worry about because the educational package you get on this website is really impressive and will help you master forex trading in no time at all. What can you expect there? Well, let’s take a look.
When you get to the website, you will immediately notice the „For Beginners“ tab at the top of the screen. After you click it, several subsections will appear in front of you. Naturally, if you don’t know anything about this kind of trading, the best thing you can do is start with the basic definition of forex trading and everything related to that. Next, you have the Forex4you webinars which deal with an array of interesting topics, one of which is the Share4you service which allows you to copy trades. The website’s main page even has a leaderboard of the users who use this service, so you can easily see who you should copy. There is also an e-Book for you to use, a detailed glossary and a detailed education center containing more than 70 different lessons. Here you can lean absolutely everything about trading psychology, which trading strategy to use, how to analyze the market and so much more. To top this section off, we have to say that Forex4you has an excellent FAQ section with dozens of questions divided into four main categories. Therefore, if even after you go through all the materials you still have any questions, just come here and get the answer you need. With that, we can almost conclude this Forex4you review, but we simply had to write this last part. We talked to some people who trade with this company and asked them if they have anything negative to report. Here’s what they said!

Forex4you Education

Forex4you Education

Forex4you Review | Complaints

Are there any Forex4you complaints you need to worry about? Well, after ten years in the industry and everything we said in the rest of this guide, you can be sure that this broker is as reliable as they come. Still, what do traders say?
Well, there are several complaints that we noted, like the fact that you cannot use your American Express cards or Paypal to transfer money, but these options are very rare in this business, so we wouldn’t take their absence as a big flaw. Some people claimed that they had withdrawal problems, but we have to emphasize here that they failed to provide us with any evidence for that. Since we tested every method available and never encountered anything suspicious, we honestly can’t back this claim up. Similar things could be heard about the trading platform too, but this is really ridiculous. MT4 is the most popular trading software in the world for a very good reason, and this website clearly demonstrates that.
We also have to say that among the people we interviewed those with several years of trading experience had overwhelmingly good impressions. They knew how trading is done, so they were very pleased with the options they got.
With that, it’s time to bring this Forex4you review to a close. If you need a shorter version of it, just check out what we say in our conclusion.

Forex4you Review | Conclusion

Yes, that’s pretty much everything we had to say in this Forex4you review. It was a rather lenghty one, but given the broker’s significance in the world of online trading, we believe we had a very good reason for that. Just by taking a look at the account selection you have here, it will become pretty obvious that you’re dealing with a top-tier company. Demo accounts, Cent account, even PAMM accounts and more can all be opend within just a couple of minutes. All trading is done on a Metatrading 4 platform, which has proven itself to be the most reliable trading software in the world on numerous occasions and is used to its very limits by this broker. Of course, it also comes in a mobile version. You can also count on some interesting bonuses here, which is always nice if you want to feel appreciated when you’re trading, while the money transfers function without the slightest problem. The broker is professional, reliable and people simply love trading here. Therefore, if you want to be sure you’re trading with the best, do not hesitate to open an account here. You’ll enjoy every trade you make.

Author's overall rating:
Author: Ben Prescott
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.