Forex4You Review – Is it a Scam or Legit Broker (2023)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

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

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
Tradable assets:
Might be a CFD.
Forex (35), cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4:Yes
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.

Social trading:No

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?

Forex4You allows funding your account via VISA, MasterCard, Neteller, Skrill, WebMoney.

⚖️ 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.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCA £/€/$ 50 In-house built platform 1.0 PIPs ¹
  • The World's Leading Social Trading Network
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review

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.

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