Forex4you is a forex broker located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
Forex4you accepts clients from all over the world, excluding USA, Canada, European Economic Area, Australia and Japan.
Forex broker offers the following underlying assets for trading.
|50+ Currency Pairs||Based on major and minor world currencies.|
|5 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.|
|14 Indice CFDs||Based on baskets of different blue-chip stocks and US Dollar Index.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|2 Energy Spot CFDs||Based on Crude Oil (WTI, Brent).|
|40+ Stock CFDs||Based on shares of US companies.|
Forex4you is a global forex & CFD brokerage company set up in 2007, and currently based in the British Virgin Islands where it is regulated by the BVI Financial Services Commission (BVIFSC).
Thanks to the much more relaxed regulations in the BVI, Forex4you is able to offer its clients significant trading leverage going as high as 1:1,000 on the most liquid trading assets. Compare this to brokers in for example the EU where the maximum allowed leverage is 1:30, and it is easy to understand that Forex4you indeed offers huge trading leverage. As always, however, this much leverage also requires a high level of discipline and risk management skills from the trader.
The trading instruments offered by Forex4you covers a range of different underlying assets, including more than 50 currency pairs, a good number of major stock indices, more than 40 individual stock CFDs, as well as various commodity CFDs. In addition, the broker is also testing the waters in the crypto world with a selection of 5 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP).
Moving over to trading platforms, Forex4you offers its own proprietary trading platform for both web and desktop, in addition to the well-known MetaTrader 4 (MT4).
The proprietary Forex4you webtrader, which is probably the platform most beginners will choose to start with, offers a nice and clean user interface. Charts are large and highly responsive, and the order management module of the platform is as easy to use as any platform we have tested. We are therefore confident that the Forex4you webtrader is a suitable choice for most new forex & CFD traders.
Once a new trader has signed up with Forex4you, it is time to choose which type of trading account to open. There are four choices when it comes to this, each one with its own pros and cons:
None of these account types requires any minimum deposit, but the Cent NDD Account and the Pro STP account are still most suitable for large traders as they rely on commissions on trades instead of wide spreads.
Interestingly, all the trading accounts offered by Forex4you varies in terms of the execution speed they offer to users. For instance, the Cent Account comes with an execution speed of 1.63 seconds, while the more elite Pro STP Account comes with an execution speed of just 0.37 seconds. As one can imagine, fast execution is key in forex trading, particularly for short-term traders and scalpers.
Lastly, all trading accounts can be opened with either USD or EUR as the base currency.
When it comes to funding methods, choices are a bit more limited with Forex4you than with many other brokers. However, the broker still accepts most standard methods, such as bank transfer, credit & debit cards, as well as the e-wallet platforms Skrill, Neteller, and WebMoney. Unfortunately, however, crypto deposits are not accepted by this broker.
On a final note, we would like to reiterate that we believe Forex4you is a decent choice for new forex traders in particular. Their proprietary trading platform is intuitive and simple to use, which is exactly what beginners in the forex market needs. The fact that the broker is regulated, although in a traditional offshore jurisdiction, also adds some credibility to its name.