Forex4you Broker Review 2023: Your Complete Guide

Forex4you Broker Review 2023: Your Complete Guide

In this comprehensive review, we explore Forex4you, a well-established forex broker that has been making waves in the industry. With a strong focus on providing traders with a feature-rich trading experience, we'll delve into every aspect, from trading platforms to fees and everything in between. By the end of this review, you'll have a clear understanding of whether Forex4you is the right choice for your trading endeavors.

Overview of Forex4you

Forex4you is the brainchild of E-Global Trade & Finance Group, Inc., founded back in 2007. Although initially rooted in the British Virgin Islands, the company has rapidly expanded its global presence, establishing offices in key locations like India, Thailand, and Vietnam. To add to its credibility, Forex4you is regulated by the British Virgin Islands Financial Services Commission (BVI FSC). With a history spanning 13 years, the broker has amassed numerous industry accolades, with over 2 million trading accounts opened. In 2013, Forex4you introduced its innovative social trading service, Share4you, and later, in 2016, they rolled out their own liquidity aggregator, MarketPlace.

Trading Platforms

Forex4you's Proprietary Platform

Forex4you offers a proprietary, fully-featured web terminal that can also be downloaded as a desktop application. The platform boasts comprehensive trading control, including slippage management, equity stop-loss, and full transparency with tick charts. Traders can enjoy price analysis features with various timeframes and custom charting tools, making it suitable for traders of all experience levels.

MetaTrader 4 (MT4)

For those who prefer the industry-standard, Forex4you provides the downloadable MT4 platform. This professional-grade software offers one-click trading functionality, automation scripts, expert advisors, and a plethora of technical analysis tools. Moreover, it includes a financial news feed with updates from Dow Jones, a full set of orders, and a trading history feed.

Trading Markets

Forex4you boasts a diverse range of over 150 tradable instruments. This selection includes 50 currency pairs, commodities such as gold and crude oil, and more than 15 major indices, including the FTSE 100, along with 50+ company stocks. While their offerings are extensive, it's worth noting that cryptocurrency trading is not available.

Spread and Leverage


Forex4you offers fixed spreads starting from 2.0 pips in the Classic and Cent accounts. In the Pro STP account, live spreads for major pairs, like EUR/USD, average around 0.1 pips. Commission-free trading is available in the Cent and Classic accounts, while fees are applied at $8 per lot in the Pro STP account. Additionally, swaps are automatically applied during rollover periods, with triple rates from Wednesday to Thursday.


Leverage limits at Forex4you vary according to the equity of your trading account. The maximum leverage available is an impressive 1:1000 for accounts up to $10,000 and 1:100 for accounts exceeding $250,000.

Mobile app

Forex4you ensures traders stay connected with its mobile applications. Their proprietary platform is available as an iOS and Android app, offering a user-friendly trading interface. With advanced charting tools, customized trading preferences, and an economic calendar, you can monitor your trades on the go. The MT4 platform is also accessible as a mobile app, equipped with 30 technical indicators, three types of charts, and nine timeframes. Both applications can be easily downloaded from the App Store or Google Play.

Payment Methods

Forex4you facilitates easy funding with options like Neteller, Skrill, WebMoney, and bank cards. Deposits and withdrawals are processed instantly, except for bank card withdrawals, which may take 1 to 6 working days. Deposits are typically fee-free, with withdrawal costs ranging from 0.8% to 2% for e-payment systems. Bank card withdrawals incur a 2.5% + 2.5% charge (EUR or USD), and minimum deposit and withdrawal limits start from $1.

Demo Account

For traders seeking a risk-free testing ground, Forex4you offers a free demo account. This feature allows you to explore different execution modes, test strategies, and experience real market conditions, all without risking your capital. It's a valuable tool for honing your trading skills before diving into live trading.

Bonuses and Promotions

Forex4you sweetens the deal with enticing promotions, including a monthly contest where you can win up to $400. They also offer a generous 100% deposit bonus and a 50% cashback program. Keep in mind that these promotions are subject to specific trading requirements, so be sure to review the terms and conditions.

Regulatory Overview

E-Global Trade & Finance Group, Inc. operates under the authorization and license of the British Virgin Islands Financial Services Commission (BVI FSC). While the BVI falls under British Overseas Territory, which entails offshore supervision of financial services companies, Forex4you stands out by holding client funds in segregated accounts. Additionally, the company claims to undergo annual audits by a prominent Big Four accounting firm. With its global accessibility, Forex4you serves clients across the world, from Kenya to Indonesia.

Additional Features

Forex4you packs a punch with its Share4you social copy-trading tool, enabling users to mirror the activities of experienced traders. They also provide forex analysis through trusted sources like Trading Central and FX Street. For those eager to learn, Forex4you offers educational resources, including regular forex seminars and the Trading School, which delivers dozens of lessons tailored to both beginners and advanced traders. Video tutorials, both for desktop and mobile trading, are also available, along with a stream of market news and an economic calendar.

Account Options

Forex4you offers a range of account types, catering to different trading styles:

  • Cent Account: Ideal for beginners with instant execution, no commission, and fixed spreads from 2 pips.
  • Classic Account: Instant execution, no commission, fixed spreads from 2 pips, and suitable for traders with some experience.
  • Cent NDD Account: Market execution, $0.10 per lot commission, floating spreads from 0.1 pips, designed for traders seeking flexibility.
  • Pro STP Account: Market execution, $8 per lot commission, floating spreads from 0.1 pips, and unlimited history storage. This account is the most versatile, offering trading across all asset classes.

Trading Hours

Forex4you caters to traders around the clock, with FX market opening times spanning from 00:00 on Monday to 23:00 on Friday. Keep in mind that the trading terminal time follows Central European Time (CET), but you can access specific market hours within your trading platform.

Customer Support

Forex4you prides itself on providing round-the-clock support in eight languages, including English, Thai, Malay, and Mandarin. For inquiries from the UK, you can reach them at +44 207 193 9932, and international toll-free numbers are listed on their website. Alternatively, you can contact their customer support via email at or engage in a live chat for swift assistance.

Security and Safety

While the MetaTrader 4 platform guarantees a secure and trusted trading environment with encryption protocols and two-factor authentication, Forex4you doesn't offer the same level of transparency regarding security in its proprietary platform.

Pros and Cons


  • Copy-Trading: Benefit from the wisdom of experienced traders.
  • Low Minimum Deposit: Start trading with just $0.
  • Cent and Standard Lots: Suitable for traders of all levels.
  • Competitive Spreads: Enjoy floating spreads as low as 0.1 pips.
  • Commission-Free Trading: Lower your trading costs.
  • User-Friendly Online Application: Get started with ease.


  • Offshore Regulation: Some may be cautious about the offshore regulatory status.
  • No Cryptocurrencies: If you're into cryptocurrencies, this broker may not be your best choice.
  • Geographical Limitations: Not available for traders in the US, UK, and EEA.
  • Limited Instruments: While diverse, Forex4you doesn't offer as many instruments as some other brokers.

In Summary, Forex4you emerges as a compelling choice for traders looking for a wide array of services. Offering four distinct account types, accommodating both instant and market execution, fixed and floating spreads, and minimal deposit requirements, Forex4you caters to traders of various backgrounds. Plus, the option to choose between the MT4 platform or their proprietary solution grants you added flexibility.

Forex4you Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.


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