Forex4You appeared in 2007. Although the company was registered in British Virgin Islands, it had clients from CIS countries. At the first stage the company’s turnover was barely $50 million a month, but today the amount is estimated at hundreds of billions. This broker can not be called an online company, due to the presence of tens of real offices in several CIS countries, as well as in India, Latvia and Malaysia. The total number of clients, according to the information on the company website, is half a million.
Types of accounts and client service
It is stated about the three types of accounts: cent, standard and professional, as you can choose PAMM-account, or transfer funds into the trust management of a professional trader from among employees. Support works round the clock to promptly help your client, which can be in different time zones. Online chat widget is also added to the website.
Study materials and analytics capabilities
If you decide to use your broker as a training center, you won’t succeed. We haven’t found any articles or videos on the site. But analytical resources are provided at no extra charge.
Information about Forex4you
The company is authorized to conduct operations in the market of currency pairs, as well, this type of activity allows customers to generate income from transactions in commodities. . Depending on the level of investment and/or knowledge, the client can choose from several accounts the one that best suits their needs. The company’s goal is to make stock trading accessible to any player, even those with no specialized education or experience. This sounds unusual, given the complete absence of training materials.
Types of trading accounts
The company offers three main accounts. Below — more details about each of them:
CENT — it is the most basic account with simple registration. Particularly to earn here will not work, but to experience the sweet feeling of victory or the pain of defeat, with virtually no financial losses, is quite possible, because the maximum level of risk is up to $ 10. In spite of a modest initial deposit, the execution speed remains high, up to 1.81 sec. With spreads, everything is also very simple, their maximum level — 2 points. The financial leverage for such a minimal account is small — from 1:10 to 1:500. There are bonus programs to encourage clients.
CLASSIC is a standard account for traders who have already had experience in trading and are able to conduct exchange activities without any support. The minimum deposit is not obligatory, it is enough to deposit 1 dollar to start work, but the company recommends to have on account at least 500 American dollars. There are three accounts which are part of the CLASSIC group, they are: Classic Lite, Classic and Classic NDD. The execution speed is no different from the cent account, slippage is possible. Spreads are limited to 2 pips, the Classic NDD account has a $8 fee for a standard lot. Leverage with a maximum of 1:500. We recommend that you understand the principles of margin trading as thoroughly as possible. Before you choose maximum leverage for trading, because it can bring a big risk for you. Bonus programs are available for this account as well.
PRO — account for the most experienced traders with minimum spreads from 0.5. Commission reaches 5 dollars per traded lot. The professional account is given for trading on the currency and commodity exchange market. As a rule, professionals are used to work with their own money that’s why their leverage is limited to 1:100. The recommended minimum for this account type is $100. Spreads start from zero pips. This account doesn’t offer any rewards or bonuses.
Forex4you has been cooperating with Metatrader for a long time and offers its clients the convenience and wide range of instruments for professional analytics and developing your own strategy. This line of MT platforms also includes mobile versions for people. Who appreciate the convenience of working away from the desktop computer. In terms of features, the difference between the PC version and the iOS and Android versions is insignificant. Request processing is almost instantaneous, quotes change in real time, and the charts are drawn as simply as possible even for a person who is just taking his first steps in the world of financial opportunities.
Methods for depositing and withdrawing funds
You can deposit your own funds to the platform from your bank account, just click on the option — «Add funds» in your personal cabinet, then decide on the currency and enter the amount.
There is a 30-day moratorium on withdrawals, keep this in mind when planning your financial actions. The procedure itself from the moment of request to the moment of money receipt takes up to two days. Amounts over $1,000 are additionally checked by the financial department. Moreover, the method of withdrawal of funds must be the same as the method of depositing a trading account.
To ask for support from the Forex4you broker is possible through a phone call, and e-mail, and using the online chat, the latter method is the most convenient, based on the customer reviews.
Forex4you is a licensed broker with a regulator in the Virgin Islands. In addition to the rules of the controlling organization, the company adheres to its own rules and practices accepted by the international community. The company’s principles are based on the protection of customer data and information on financial transactions. The company operates in strict compliance with current regulations and legislation.
Reviews of Forex4you broker and its partnership and rewards programs
The company offers cooperation in different directions, including the possibility of starting an online broker’s representative or opening an office in your country. You can become a part of the team of professionals.
If the client trades with the broker for 3 months, he/she can count on the return of 25% of the spread. The credit is automatically credited to the loaned funds. This should motivate the client to work permanently and increase the turnover.