Forex4You one way: Forex.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Forex4You offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . Forex4You puts all client funds in a segregated bank account and uses tier-1 banks for this. Forex4You have been established since 2007, and have a head office in British Virgin Islands.
Before we dive into some of the more detailed aspects of Forex4You’s spreads, fees, platforms and trading features, you may want to open Forex4You‘s website in a new tab by clicking the button below in order to see the latest information directly from Forex4You.
Open a demo account Visit Forex4You
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.
PROS
- Segeregates client funds
- Established in 2007
- Regulated by BVI
- Min. deposit from $1
CONS
- Not FCA Regulated ( See alternatives )
What are Forex4You's spreads & fees?
Like most brokers, Forex4You take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum fixed spreads listed on Forex4You’s website. The colour bars show how competitive Forex4You’s spreads are in comparison to other popular brokers featured on BrokerNotes.
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EUR/USD
Not offered $0.00 per lotThe average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
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USD/JPY
Not offered $0.00 per lotThe average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
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GBP/USD
Not offered $0.00 per lotThe average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
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Bitcoin
Not offeredThe average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
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Gold
Not offeredThe average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
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DAX30
Not offeredThe average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, Forex4You's
minimum spread for trading EUR/USD is N/A pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Forex4You vs. similar brokers.
How much does Forex4You charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Forex4You at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.
| Forex4You | Plus500 | AvaTrade | |
|---|---|---|---|
| Spread from: | $0.00 | $6.00 | $7.00 |
| Typical overnight fee: | $0.00 | $9.40 | $5.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $0 | $15.4 | $12 |
| $15.40 more | $12.00 more | ||
| Visit Forex4You | Visit Plus500 | Visit AvaTrade |
Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.
What can you trade with Forex4You?
| FX / Currencies | Forex4You | Plus500 | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 61 | 59 | |
| Major forex pairs | Yes | Yes | |
| Minor forex pairs | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | |
| Cryptocurrencies | Yes | Yes |
| Commodity CFDs | Forex4You | Plus500 | AvaTrade |
|---|---|---|---|
| # of commodities offered | 17 | 16 | |
| Metals | Yes | Yes | |
| Energies | Yes | Yes | |
| Agricultural | Yes | Yes |
| Indiced & Stock CFDs | Forex4You | Plus500 | AvaTrade |
|---|---|---|---|
| # of Stocks offered | 1816 | 99 | |
| UK Shares | Yes | Yes | |
| US Shares | Yes | Yes | |
| German Shares | Yes | Yes | |
| Japanese Shares | Yes | Yes | |
| See Forex4You's Instruments | See Plus500's Instruments | See AvaTrade's Instruments |
What’s the Forex4You trading experience like?
1) Platforms and apps
Forex4You offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Forex4You also offer their custom Forex4You platform.
See Forex4You's Platforms
Forex4You also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See Forex4You's platforms Your capital is at risk.2) Executing Trades
With Forex4You, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Forex4You offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Forex4You offer margin up to on currencies.
Finally, we’ve listed some of the popular funding methods that Forex4You offers its traders on the right.
3) Client support
Forex4You support a wide range of languages including English, Russian, Spanish, Chinese, Hindi, Indonesian
Forex4You have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.
4) What you’ll need to open an account with Forex4You
As Forex4You is regulated by BVI, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Forex4You’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Forex4You you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.forex4you.com on March 21, 2018.