In this Forex4You Review, we are going to take a look at the offer that this broker prepared for its traders. Forex4You operates on the financial market since 2007. When it comes to trading platforms, the broker features Forex4you and WebTrader and MetaTrader 4. The Forex4You minimum deposit is 1 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Forex4You Review
| Website address: | forex4you.com |
| Operated by: | E-Global Trade & Finance Group, Inc. |
| Licensed and authorised by regulatory bodies: | BVI FSC |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +44 207 193 9932 |
| Available deposit methods: | VISA, MasterCard, Neteller, Skrill, WebMoney |
| Available withdrawal methods: | VISA, MasterCard, Neteller, Skrill, WebMoney |
| Minimum deposit: | 1 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Variable |
| Tradable assets: Might be a CFD. | Forex (35), cryptocurrencies (5) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | Forex4you and WebTrader |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:1000 |
| Social trading: |  |
Random reviews of competing FX & CFD brokers: Bitcoinoie, AVFXCapital, Finmaxfx and Trade360
Frequently Asked Questions
🧐 Is Forex4You a Scam?
In accordance with our research, Forex4You is a broker licensed and regulated by the BVI FSC. While it is a good thing that the broker is regulated, the BVI FSC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Forex4You is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Forex4You minimum deposit?
In order to start trading with Forex4You, you have to deposit at least 1 USD.
📵 What deposit and withdrawal methods Forex4You supports?
⚖️ Would you recommend me choosing Forex4You?
We don’t have our own personal experience with Forex4You. However, the broker is regulated by the BVI FSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Forex4You.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
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 can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 06.09.2023 at 11:42 GMT.
