Forex4you Review 2021

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Forex4you Facts & Figures

Forex4you offers retail trading on a choice of top trading platforms.

• Best Forex Broker Asia 2020 - Global Banking & Finance Review
Bonus100% deposit bonus
InstrumentsForex, CFDs, stocks, indices, commodities
Demo AccountYes
Min. Deposit$0
Payment MethodsCredit Card, Neteller, RBK Money, Skrill, Visa, Webmoney
Min. Trade0.01 lots
Regulated ByBVI FSC
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Margin TradingNo
Auto TradingYes
Social TradingYes
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Start trading on the markets with CFDs.
FTSE Spread1.1
GBPUSD Spread0.3
Oil Spread2.6
Stocks SpreadVariable

Take positions on the FX market with leverage.

GBPUSD Spread0.3
EURUSD Spread0.1
EURGBP Spread0.3
Risk Warning – Your capital is at risk

Forex4you is an established forex broker offering the MT4 platform, as well as additional tools including copy-trading signals, an economic calendar and market news. This review dives into the broker’s offering, covering everything from spreads to opening times. Find out if Forex4you is the right choice for you.

Forex4you Details

E-Global Trade & Finance Group, Inc. (Forex4you) was established in 2007. The broker is registered in the British Virgin Islands but has been expanding globally since 2009, with offices in India, Thailand and Vietnam. The company is regulated by the British Virgin Islands Financial Services Commission (BVI FSC).

With 13 years of experience, Forex4you has earned multiple industry awards with over 2 million trading accounts opened. In 2013, the company launched its social trading service, Share4you, and in 2016 the company launched its own liquidity aggregator, MarketPlace.

Trading Platforms


The broker offers a proprietary fully-featured web terminal, as well as a downloadable desktop app version. The platform comes with full trading control with slippage function, equity stop-loss and full login transparency with tick charts. Price analysis features are also available with multiple timeframes from one minute, as well as custom charting tools.

Forex4you WebTrader
Forex4you WebTrader

MetaTrader 4

The downloadable MT4 platform is the most popular professional trading software, offering one-click trading functionality, automation scripts, advisors and dozens of technical analysis tools. There’s also a financial news feed with updates from Dow Jones, a full set of orders and a trading history feed.

Forex4you MetaTrader 4
Forex4you MetaTrader 4

Trading Markets

Forex4you offers over 150 tradable instruments, consisting of 50 currency pairs, commodities including gold and crude oil, over 15 major indices including the FTSE 100 and 50+ company stocks. Our review was disappointed to see that trading in cryptocurrencies isn’t available, however.


Spreads are fixed from 2.0 pips in the Classic and Cent accounts. In the Pro STP account, live spreads for major pairs such as EUR/USD average around 0.1 pips.

Commission-free trading is offered in the Cent and Classic accounts, but fees are charged at $8 per lot in the Pro STP account and 10 cents per lot in the Cent NDD account. Swaps are also applied automatically during rollover periods, which are tripled from Wednesday to Thursday.


Leverage limits at Forex4you vary depending on the equity of the trading account. The maximum leverage available is 1:1000 for accounts up to $10,000 and 1:100 for accounts of $250,000 and over.

Mobile Apps

The Forex4you proprietary platform is also available as a mobile app, which works with iOS and Android phones. The app offers a simple trading interface, with account management features, advanced charting tools, customised trading preferences and an economic calendar.

Forex4you mobile app
Forex4you mobile app

The MT4 platform is also delivered as a mobile app, offering advanced functionality including 30 technical indicators, 3 types of charts and 9 time frames. There’s also a news feed and real-time quotes of financial instruments.

Forex4you MT4 mobile app
Forex4you MT4 mobile app

Both apps are available for download from the App Store or Google Play.

Payment Methods

Forex4you offers funding via Neteller, Skrill, WebMoney and bank cards. All deposit and withdrawal methods are processed instantly, apart from bank card withdrawals, which take 1 – 6 working days.

Deposits are fee-free but withdrawals range from 0.8% to 2% for e-payment systems, whilst bank cards cost 2.5 + 2.5% (EUR or USD). Minimum deposits and withdrawal limits start from $1.

Demo Account

A free demo account is offered for traders who want to test drive the platforms, compare the different execution modes and test strategies, all within real market conditions. Only virtual money is used, meaning you can place simulated trades without risking real capital.

Forex4you Bonuses

Forex4you offers promotions, including a monthly contest, with opportunities to win up to $400. There is also a 100% deposit bonus as well as a 50% cashback programme. These are subject to certain trading requirements so make sure to check these in the terms and conditions.

Regulation Review

E-Global Trade & Finance Group, Inc. is authorised and licensed by the British Virgin Islands Financial Services Commission (BVI FSC).

The BVI is a British Overseas Territory and therefore operates offshore supervision of financial services companies. Typically, it’s not compulsory for brokers under this jurisdiction to segregate client funds. Nonetheless, Forex4you does claim to hold client funds in a segregated account and also claims to undertake annual audits by a Big Four accounting firm.

The company is available to clients worldwide, from Kenya to Indonesia.

Additional Features

The most notable feature on offer is the Share4you social copy-trading tool, which allows users to automatically replicate the activity of experienced traders. The broker also offers forex analysis via Trading Central and FX Street.

Forex4you copy trading terminal
Forex4you copy trading terminal

In addition, there is some educational content on offer, including regular forex seminars and the Trading School, with dozens of lessons for beginners and advanced traders. There’s also a suite of video tutorials with desktop and mobile trading tips, plus regular market news and an economic calendar.

Account Types

Forex4you offers 4 account types: Cent, Classic, Cent NDD and Pro STP. The minimum deposit across all accounts is $0 and the minimum trade volume is 0.01 lots. All accounts get access to Share4you and hedging capabilities. Note that trading all asset classes is only possible in the Pro STP account.

Note that swap-free accounts are not available at Forex4you.


There are benefits of trading with Forex4you, including:


There are also drawbacks when trading with Forex4you:

Trading Hours

The FX market opening times at Forex4you are from 00:00 on Monday to 23:00 on Friday. The trading terminal time is Central European Time (CET). You can find specific market hours by clicking on the instrument details within your trading platform.

Customer Support

Forex4you offers 24/7 support in 8 languages, including English, Thai, Malay and Mandarin. From the UK, the number is +44 207 193 9932, otherwise, a list of international toll-free numbers is available on the website. Alternatively, you could email customer support at or get in touch via the live chat.

Client Security

The MetaTrader 4 platform is a secure and trusted software, complying with high-level security requirements. This includes encryption protocols and two-factor authentication. Forex4you is not transparent around security in its proprietary platform.

Forex4you Verdict

Forex4you offers a decent range of services and four accounts for instant and market execution, with both fixed and floating spreads. The accounts are also beginner-friendly, with a $0 minimum deposit while supporting hedging and scalping techniques. Traders can also choose between the popular MT4 platform or the broker’s proprietary solution.

Accepted Countries

Forex4you accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.

Traders can not use Forex4you from United States, Japan, Canada, Australia, , Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, , Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden.

Alternatives to Forex4you

If you are looking for alternatives to Forex4you we have compiled a list of the top 5 brokers that are similar to Forex4you below. This list of brokers like Forex4you is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  4. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  5. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.


Is Forex4you a scam?

Forex4you is a registered company authorised by the BVI FSC. Despite its offshore location, we didn’t find any red flags that would suggest a scam, but traders should thoroughly research the broker and check out online reviews if they are unsure.

How do I register with Forex4you?

You will need to complete the online application form and then confirm your identity by submitting your ID and proof of address. Once you have completed the verification process, you will be able to sign in using your web login details.

What leverage is available at Forex4you? 

Leverage at Forex4you depends on your account balance but is available up to a maximum of 1:1000.

Does Forex4you offer signals? 

Forex4you offers the Share4you service, where leaders provide trading signals to followers who want to copy their trades.

Does Forex4you accept clients from Malaysia? 

Yes, Forex4you accepts clients from Malaysia, Indonesia and other countries in Asia, Africa, and South America. The service is not available to residents in the USA, Japan, Canada, Australia and the European Economic Area.

Forex4you offers retail trading on a choice of top trading platforms.

Forex4you vs Other Brokers

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