Forex4you Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our analysis of Forex4you confirms it as a moderately appealing option for traders interested in Forex and CFDs. The broker provides a well-rounded trading platform, but it may not stand out for traders seeking comprehensive educational resources or advanced features.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Broad Platform Options: Forex4you supports popular trading platforms including MetaTrader 4 and MetaTrader 5, and also offers a proprietary platform.
- Copy Trading Available: Traders can engage in copy trading, benefiting from the strategies of more experienced traders.
Cons
- High Risk Trust Score: With a trust score of 61, Forex4you is considered riskier than competitors who have Tier-1, Tier-2, or Tier-3 licenses, according to ForexBrokers.com.
- Limited Forex Pairs: Offers only 43 forex pairs, which may be less than what is available at larger brokers.
Ratings Summary
- Investment Types - 6.5/10
- Commissions & Fees - 7.0/10
- Trading platforms - 7.5/10
- Research - 6.5/10
- Mobile Apps - 7.5/10
- Education - 7.5/10
- Overall - 6.8/10
Can I trust Forex4you?
Forex4you, with a trust score of 61, indicates High Risk, lacking major regulatory oversight.
Forex4you is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - None
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - BVI Financial Services Commission (FSC)
Is Forex4you good for beginners?
Forex4you is not the best option for beginners, as it does not offer beginner or advanced education videos. This can limit new traders from fully understanding the market and developing robust trading strategies.
| Feature |
Forex4you
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | No |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | No |
Forex4you commissions and fees summary
Forex4you's commission and fees structure is average, with no special discounts for active traders or VIPs, and no inactivity fees. The lack of clarity on the spread costs for EUR/USD pairs compared to the industry average of 1.08 also makes it difficult to fully evaluate its cost efficiency.
| Feature |
Forex4you
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Mini | N/A |
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | No |
Forex4you trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Forex4you is a good choice for traders looking for reliable trading platforms, as it offers highly rated tools and platforms, including both MetaTrader versions and its own proprietary platform.
Trading platforms offered: Forex4you provides MetaTrader 4, MetaTrader 5, and a proprietary platform.
Trading tools: The broker offers trading signals and various analytical tools.
Copy trading: Forex4you supports copy trading and even promotes it through their Share4you platform.
| Feature |
Forex4you
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Mobile trading apps at Forex4you
Forex4you provides well-rated mobile trading apps compatible with most devices.
| Feature |
Forex4you
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
How do I open an account with Forex4you?
- Visit the Forex4you website.
- Navigate to the registration page.
- Provide required personal details.
- Complete the verification process.
- Fund your account and start trading.
What can I trade at Forex4you?
At Forex4you, traders can access 43 forex pairs and 150 total tradeable symbols, considerably lower than the industry average of 3,623 symbols.
| Feature |
Forex4you
|
|---|---|
| Tradeable Symbols (Total) | 150 |
| Forex Pairs (Total) | 43 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Account funding at Forex4you
Forex4you supports bank wires, Neteller, and credit card deposits, as well as Skrill, offering a versatile range of funding methods to accommodate various preferences.
| Feature |
Forex4you
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About Forex4you
Forex4you was founded in 2007 and has established itself in the forex and CFD trading industry. Despite lacking major regulatory oversight, it provides a range of trading platforms and tools that cater to various traders.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.