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Forex4you: broker with high reputation
Forex4you has been running its business for 14 years. The official website reads that 2.4 million traders have opened accounts with the broker over this time. As of March 2021, a trade turnover measured $68+ billion. The company has deserved its good name in the CIS countries that has been confirmed by numerous reviews from Russian traders. If you are thinking about whether to choose Forex4you as a broker, this article would be helpful for you.
Basic details on Forex4you
The brokerage company was established in 2007. Over the time of fruitful operation, it has won 13 industry awards. One of the latest achievements is the Best Affiliate Program award gained in 2020 from the International Business Magazine and AtoZ Markets. Forex4you holds an appropriate license and has a legal address in the British Virgin Islands. The company’s activities are supervised by the British Virgin Islands Financial Services Commission (BVI FSC). The broker goes through an annual financial audit and cooperates with European liquidity providers.
Forex4you offers clients 4 types of accounts and pledges the best trading conditions.
Food for thought
Forex4you does not give priority to learning courses, though it arranges webinars and seminars as well as offers practice on a demo account. Another weighty advantage for inexperienced traders is a Cent account that enables them to manage small trading volumes. Mature traders decide in the broker’s favor because it ensures rapid deposit/withdrawal of funds. A lot of brokers promise almost instant money withdrawal, but actually, traders wait for a few days until they will be able to take out their earnings. Sadly, it is not uncommon that brokers keep clients on edge, withholding their funds. Forex4you clearly stands out from all the rest. The company processes requests for a money withdrawal for 64 minutes on average. Besides, traders are pleased with a fast speed of order execution that varies from 0.53 to 1.23 seconds.
The broker’s strong point is copy trading. The Share4you service gives even beginners the opportunity to earn money. A client can monitor trading activities of others through subscription and duplicate trades. Apart from that, the official website contains section with analytical materials, news, and a trader’s calculator. The website is translated into 6 languages. The information is presented in a clear concise manner. Clients are not overwhelmed by information but they have everything they need for trading near at hand.
Feedback from clients
The lion’s share of reviews is positive. Traders appreciate that Forex4you permits them to withdraw funds to bank cards without any commissions. Among other advantages, traders praise rapid registration and inexpensive fees to service an account. Scalpers point out the possibility to open up to 500 orders in parallel with minor slippage even in volatile markets. At the same time, one of the most common complaints about the broker’s trading conditions is the lack of MetaTrader5.
This is a broker with vast experience. I’ve been in the market since 2012 and the broker had been already working. I opened an account with them at that time. The company has evolved since then and a lot has changed for the better, though it seemed to be a decent broker long ago. I still trade with them now and then. The broker is registered in the British Virgin Islands. As far as I now, an offshore company under this jurisdiction is generally viewed as reliable. The broker’s 10-year operation in the industry proves that it can be trusted. You can handle your account through WebMoney or bank cards. Another option is Scrill and Neteller, though these payment systems charge high commissions. Trading accounts can be both STP and NDD. There is also a Cent account. Personally, I trade on an NDD account and recommend you the same. Everything works fine. The company used to have the PAMM service. Now it promotes its Share4you service, the system of copy trading.
Forex4you has been operating in the online trading industry for 14 years. It never rests on its laurels. Bearing in mind the impressive collection of awards and steady improvement of the quality of its services, we can affirm that the broker is in tune with the needs of the modern trading community. If you have no trading background, you should not rely on a comprehensive training course with the broker. Nevertheless, a beginner can certainly make good use of a demo account, a Cent account, and a decent toolkit of expert advisors available at Forex4you. This resource enables a novice trader to accumulate vast knowledge and practical skills. The company is able to provide a fast speed of order execution and money withdrawal. It has not blemished its reputation with swindling clients out of money. All in all, being on the right path for long years, Forex4you has made a name for itself as a trustworthy broker to trade with.
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