Forex4you is a well-known forex broker that offers the MT4 platform as well as other features such as copy-trading suggestions, an economic schedule, and market information. This review goes into the broker's services, including spreads and opening times. Check out Forex4you to see whether it's the perfect place for you.
However, in this Forex4You review, we'll take a close look at how effectively the platform performs in its capacity. But also share the top Forex brokers for 2021 as an international multiple financial instrument trading platform for traders in 2021.
So without any time, let's move on to the article;
A comprehensive details of Forex4you
Forex4you was founded in 2007 which is based in the British Virgin Islands and has expanded worldwide since 2009. Their offices are available in Thailand, India, and Vietnam. However, the firm is licensed from the (BVI FSC). Forex4you has won multiple business awards, with over 2 million trading accounts opened and 13 years of expertise.
1. Platforms for Trading
The broker has a customized full-featured web terminal as well as desktop software that can be installed. The platform provides full trading control, which includes a slippage function, equity stop-loss, and full login visibility via tick charts. In addition, price analysis techniques and custom charting tools are provided with numerous time frames starting at one minute.
2. Market Trading
There are 150 trading instruments available at Forex4you, including 50 currency pairs and gold and crude oil commodities. However, 15 major indices, such as the FTSE 100 and 50+ corporate stocks. Although, we were unhappy to see that cryptocurrency trading is not available.
3. MetaTrader 4
The MT4 platform is the most widely used professional trading program. There are many features provided one-click trading, automation scripts, advisers, and hundreds of technical analyses. However, it also gives a complete set of orders and a trading record file.
4. Fees
In the Classic and Cent accounts, spreads start at 2.0 pips. Live spreads for big pairs like EUR/USD average about 0.1 pips on the Pro STP account.
The Cent and Classic accounts allow commission-free trading. However, the Pro STP account charges $8 per deal, and the Cent NDD account charges 10 cents per sale.
5. Leverage
The leverage restrictions in forex4you depend on the balance in the trading account. However, the highest leverage is 1:1000, which is up to $10,000, and 1:100 for accounts beyond $250,000.
6. Apps for mobile devices
The Forex 4you software platform is also offered as a mobile app for iOS and Android. Account management tools, powerful charting tools, customizable trading settings, and an economic calendar are all included in the app.
7. Methods of Payment
Forex4you accepts all forms of payment like Neteller, Skrill, WebMoney, and bank cards. However, all the deposit and withdrawal methods are handled quickly, except for bank card withdrawals, which take 1–6 business days.
Furthermore, deposits are free. In comparison, withdrawal fees range from 0.8 percent to 2 percent for e-payment systems and 2.5 + 2.5 percent for bank cards (EUR or USD). The minimum withdrawal and deposit amounts typically start from $1.
Is forex4you give Bonuses?
Yes, Forex4you has a number of promotions, such as a monthly contest where you may win up to $400. A 100% deposit bonus is also available, as well as a 50% cashback offer. These are limited to such trading requirements, so read the terms and conditions carefully.
Conclusion
In this review article, we have clarified that the Forex4you broker is a reliable platform where you can start your trading career. Although, they offer a MetaTrader 4, mobile app, and many more to their customers.