Investors around the world have heard the name Forex4you exchange more or less. In the following article, Betomon will provide the most detailed, comprehensive, and objective Forex4you trading platform reviews for investors to refer to.
Information regarding the Forex4you trading platform
In 2007, Forex4you was established in the Virgin Islands under the guarantee of Willis Group Holdings PLC. Forex4you’s operations are licensed and regulated by the UK Virgin Islands Securities and Exchange Commission.
In addition to its market-leading liquidity order matching tool MarketPlace, Forex4you is widely recognized globally for its superior Share4you social trading network service.
After more than 15 years of operation and developing its position in the financial market, Forex4you has received numerous achievements including:
More than 748 billion orders were traded with the opening of 1.4 million accounts.
Consistently winning prizes for the top broker of the year between 2013 and 2019
In 2020, Forex4you was ranked by Global Banking & Finance Review as Asia’s Leading Forex Broker
Forex4you was also recognized as the Forex broker with the best affiliate program by AtoZ Markets and Global Business Magazine.
The leading agency of the Forex4you exchange is E-Global Trade & Finance Group, Inc. This exchange is licensed by the BVI FSC ((British Virgin Islands Financial Services Commission) with number SIBA/L/12/1027.
In addition, Forex4you also has many policies to ensure customer deposits:
- To strengthen the exchange’s capital, Forex4you continues to increase reserve and share capital while avoiding the use of customer deposits.
- User deposits and company operating funds are completely segregated
- Forex4you cooperates with FIX API and leading European liquidity providers
- Forex4you applies advanced risk management technology helping investors trade with the least amount of risk.
- Forex4you is additionally guaranteed by Willis Group Holdings PLC.
With the strict regulations as above, in 2016, Forex4you was recognized by the Luxembourg Ministry of Finance as a reputable and legal brokerage.
Trading requirements of Forex4you
Trading products
Forex4you offers 150 products from the most favored investment product categories.
- Forex: Providing over 50 major, minor, and exotic currency pairs that are traded the most frequently
- Commodities: including oil, gold and other precious metals
- Stock indices: 15+ stock indices sourced from global major markets
- Stocks: 50 stock codes with the highest trading volume
Forex4you does not yet provide modern products such as cryptocurrencies, index funds,…
Types of Forex4you Accounts
There are five account types available on Forex4you: Cent, Classic, Cent NDD, Pro STP và Standard Pro STP. Account types at Forex4you typically have the common characteristics as follows:
- Do not margin required
- Maximum leverage: 1:2000
- Minimum trading volume: 0.01 lot
Traders who prefer commission-free and fixed spreads can select the Cent or Classic accounts, which have a fixed spread of 2 pips. Cent NDD and Pro STP accounts apply floating spreads from only 0.1pips but offer commission fees from $8 – $10/lot. In particular, ProSTP accounts are commission-free and floating spreads from only 1 pip.
You can select an appropriate account type based on your trading purposes.
Trading platform on Forex4you
Forex4you supports trading through the MT4 and MT5 platforms. As having numerous analytical tools and features, these are the two most frequently used trading platforms available today.
- Offering a wide variety of charts and time frames
- Supporting trade with EA
- Easy-to-use interface
- Updating the economic calendar and market news quickly.
Specifically, MT5 facilitates better trading for investors by supporting 24 advanced graphic objects and 30 indicators.
To optimize clients’ trading experiences, Forex4you offers platforms that can be installed on desktop PCs and mobile devices. Additionally, the order matching speed and analysis capabilities across devices are very smooth and relatively similar. As a result, you can trade effectively whether at your desk or on the go.
Deposit and withdrawal methods
Forex4you accepts up to 9 deposit and withdrawal methods, which include:
Forex4you platform supports deposits/withdrawals via electronic system
The Forex4you exchange allows deposits and withdrawals using Bank Cards and Internet Banking.
The deposit process is immediate (or up to 15 minutes for bank transfers). There is a 0.8% deposit fee for each withdrawal order.
The money will be transferred to the destination account instantly (or up to a maximum of 2 – 5 business days) and the withdrawal process costs from 2.5% + 2.5 USD/EUR.
Processing of deposits and withdrawals should normally happen instantly. However, intermediary systems frequently take longer to process orders during peak hours.
Customer service of Forex4you platform
Since 2017, Forex4you has operated in Vietnam, presently having locations in Da Nang, Hanoi, and Ho Chi Minh City. Vietnamese investors can easily contact the customer support team through the following channels:
- Chat directly on the website
- Phone number: 028.73004102 (Free of charge, from Monday to Friday, 07:00 – 22:00)
- Email: info@forex4you.com
- Facebook: facebook.com/forex4you
- Instagram: instagram.com/official_forex4you/
The speed of resolving support requests from Forex4you is very fast. Investors will trade more easily thanks to the committed and professional customer support staff.
Additional information about Forex4you
Share4you – Profit from the experiences of professionals
As mentioned at the beginning, Forex4you is renowned for its Share4you platform. This platform also offers many other benefits in addition to assisting investors in Copytrade. Besides the ability to follow and replicate the trades of investment experts, Share4you offers a high-risk control function to support beginners in trading with the lowest risk.
Additionally, this platform matches orders very quickly. In specific, rather than charging for each copy as other brokers do, you only have to pay the expert a commission if you win an order.
Attractive promotions of Forex4you
Promotions are another factor that contributes to better investors’ trading experience along with the quality of the trading platform. At Forex4you, some of the promotions available are:
- Bonus 100% of deposit with no limit on bonus amount
- HANDS-ON REWARDS program with prizes up to $50,000
- CONQUER THE PEAK program with prizes up to $8,000
- Refer friends to trade at Forex4you and receive $50 right away.
- Trading competition with prizes up to $400
Forex4you trading platform review on advantages and disadvantages
The Forex4you trading platform reviews listed below are not only detailed but also objective in terms of pros and cons.
Benefits
- Forex4you offers a diverse range of products and accounts for investors to select.
- Low minimum deposit, high leverage ratio.
- Competitive commission fees in comparison Forex4you to many other exchanges.
- Effective and easy-to-use copy trading platform.
- Multiple withdrawal and deposit options with rapid processing.
- Pro STP and Cent NDD accounts offer low spread costs.
- Execute numerous attractive promotions for investors who participate.
- A professional and dedicated customer service team.
Drawbacks
Aside from the advantages, the Forex4you trading platform has some disadvantages such as:
- Do not be authorized by reputed regulatory organizations.
- Problems or errors frequently appear during the investor account registration process.
- There are still certain limitations on the Forex4you platform that negatively impact the investor experience.
- Fixed spreads are relatively high.
- Is Forex4you trustworthy or not? Should I trade at Forex4you?
Many reports argue that Forex4you is a fraud, that it keeps clients’ orders, doesn’t permit withdrawals,… Nevertheless, contrary to what the information websites claim, Forex4you is a reliable Forex exchange. So why is there the above information?
First of all, Forex4you has only lately begun operations in Vietnam and still needs time to refine the system. Slow withdrawal and delayed order situations are basically system-related problems, and all of these issues have been resolved by Forex4you.
Secondly, there is a lot of unhealthy competition among the Forex brokers in Vietnam, spreading bad news from competitors is entirely possible.
Thirdly, Forex investment is still unregulated in Vietnam. As a result, all investment platforms are warned about the high risks.
Finally, the trust of foreign investors and more than 15 years of operation indicate Forex4you’s reputation. We should wonder how the exchange has survived for so long if it isn’t functioning reliably.
Conclusion
Forex4you is a reputable Forex trading platform with more than 15 years of operation in the world market. The trading conditions at Forex4you are also completely appropriate for new investors, especially with the diversification of account types, low transaction fees and modern risk management technology. Forex4you is a highly recommended option for those seeking a trustworthy Forex exchange and simple trading for beginners.
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