Losses can exceed deposits
Like most brokers, Forex4You takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum 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.
|EUR/USD (Average: 0.7 pips)||Not offered||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||Not offered||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||Not offered||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||Not offered||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||Not offered||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||Not offered||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||Not offered||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||Not offered||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, Forex4You’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Forex4You vs. similar brokers.See all Spreads
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 $0. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
|Spread from:||$ 0.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 0.00||$ 6.00||$ 2.00|
|$6 more||$2 more|
|Visit Forex4You||Visit IG||Visit XTB|
All fees/prices are for informational purposes and are subject to change.
Forex4You offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by Forex4You below, along with the instruments offered by IG and XTB for comparison.
|FX / Currencies||Forex4You||IG||XTB|
|# of forex pairs offered||90||48|
|Major forex pairs||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|# of commodities offered||34||21|
|Index & Stock CFDs||Forex4You||IG||XTB|
|# of stocks offered||8000||1606|
|See Forex4You's Instruments||See IG's Instruments||See XTB's Instruments|
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
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. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Forex4You offers its traders below.
Forex4You support a wide range of languages including English, Russian, Spanish, Chinese, Hindi, and Indonesian.
Forex4You has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
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:
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. *Availability subject to regulation.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.forex4you.com on 01/09/2021.