Don't let the silly name scare you away, Forex4You is actually a quality broker. Forex4You is the online arm of the E-Global Trade & Finance Group Inc., which is registered in the British Virgin Islands and is currently in the process of obtaining a CySEC license in Cyprus.
Unlike many brokerages out there who try to get their clients to deposit as much as possible, with exagerated casino-like campaigns, they really want their clients to learn with minimum risk and to start trading only once they are 100% ready. Their customer service is happy to assist new traders, even those using a demo account, providing answers to any and all questions until each trader is ready to start working with a real account.
Another welcome aspect of the company is that they only offer 2 types of accounts. This keeps things simple and eliminates the confusion that often results from having too many options. Below is a chart highlighting the features of each account type:
Fixed spreads
Speed: 1-10 second(s)
Leverage from 1:10 to 1:500
Margin from 0.2% to 10%
No commission
ACCOUNT TYPE | CENT LITE | CENT | CLASSIC LITE | CLASSIC |
---|---|---|---|---|
Minimum deposit | $1 USD | $10 USD | $100 USD | $500 USD |
Annual interest | 2.5$ | 2.5$ | 4$ | 4$ |
Minimum lot size | 0.01 (0.0001) | 0.1 (0.001) | 0.01 | 0.05 |
Maximum lot size | 10 (0.1) | 100 (1) | 10 | No limit |
Minimum variation | 0.01 (0.0001) | 0.01 (0.0001) | 0.01 | 0.01 |
Maximum orders | 200 | No limit | No limit | No limit |
Margin Call level | 20% | 20% | 50% | 50% |
Stop Out level | 10% | 10% | 20% | 20% |
Stop and limit levels | 1x the spread | 1x the spread | 1x the spread | 1x the spread |
VIP accounts | No | No | No | No |
Swap-less accounts | Yes | Yes | No | No |
Account history | 1 month | 3 months | 10 months | No limit |
Open an account | Open an account | Open an account | Open an account |
Variable spreads
Speed: less than 1 second
One click trading & Market depth
Leverage from 1:10 to 1:500
Margin from 0.2% to 10%
Commissions on each trade
ACCOUNT TYPE | CENT NDD | Classic NDD | PRO |
---|---|---|---|
Minimum deposit | $1 USD | $1,000 USD | $3,000 USD |
Spread | Starting at 1 pip | Starting at 0,5 pips | Starting at 0,8 pips |
Commissions | $0.1 USD per lot | $8 USD per lot | $6 - $10 USD per lot |
Annual interest | 2.5% | 4% | 4% |
Minimum lot size | 0.01 (0.0001) | 0.01 | 0.10 |
Maximum lot size | 100 (1) | 200 | 200 |
Minimum variation | 0.01 (0.0001) | 0.01 | 0.01 |
Maximum orders | No limit | No limit | No limit |
Margin Call level | 20% | 100% | 100% |
Stop Out level | 10% | 20% | 50% |
Stop and limit levels | 2 pips | 2 pips | 0 |
VIP accounts | No | Yes | Yes |
Swap-less accounts | No | Yes | Yes |
Account history | 6 mois | No limit | No limit |
Open an account | Open an account | Open an account |
PAMM investor accounts (Percentage Allocation Money Management) allow investors to take advantage of the expertise of traders that provide a forex account management service.
PAMM trader accounts are for experienced traders that want to manage other investors' money.
The PAMM system automatically manages all investments that are made and all transfers between investors and traders.
Forex4You's social trading platform, Share4You, marks the beginning of a new era of "copytrading" with slippage of less than 0.01 pip. Both expert as well as novice traders will find the Share4you platform easy and convenient to use. Experienced traders can establish themselves as "leaders" and let the other traders copy their trading strategies: profits earned from successfully copied trades are then distributed between the leaders and the followers. Beginning traders or those who don't have the time to trade can use "follower" accounts to observe leading traders and choose the ones they want to "copy".
• This bonus arrives to your account in form of special type of loan (loan bonus). These funds cannot be lost as a result of trading. However, these funds cannot be withdrawn until the bonus conditions are met.
• Bonus amount depends on two factors: deposit amount and your own choice of the percentage (options between 5% and 50% are currently available).
• In order to withdraw the bonus the following condition must be met: 50% of spreads from all closed orders in last two months must equal to or be higher than the bonus amount received. If this condition is not met - bonus amount will be debited before the withdrawal. Moreover, bonus amount will be debited automatically after 2 months if the condition is not met.
06/06/18 Forex4You celebrates Share4you's 5th birthday with $5000 prize
04/06/18 Forex4You wins Le Fonti's Best Broker award
22/06/16 Forex4You introduces 2 new trading contests!
27/05/16 Forex4You introduces a new mobile trading platform
25/05/16 Forex4You has developed MarketPlace, its own liquidity aggregator
20/11/15 New Forex4you blog
12/10/15 Forex4You has reached the 1,000,000th client milestone