|Headquarter||British Virgin Islands|
|Dealing Desk & No Dealing desk||Both|
|Standard Account & ECN Account||Yes|
|Deposit & Withdraw method||Skrill, Neteller, Webmoney, Local Bank, Visa card|
WHAT IS FOREX4YOU ?
This is a broker that provides trading Forex, Gold, Index CFDs, and more, we often call it Forex Broker.
ESTABLISHMENT AND REGISTRATION
Forex4you is a trademark of E-Global Trade & Finance Group group. Started in 2007, authorized and regulated by BVI FSC under the Securities Trading and Investment Act on British Virgin Islands, 2010 License number: SIBA / L / 12/1027.
In 2013, Forex4you started implementing the “Copy trade” service called Share4you.
ACCOUNT TYPES AND COMMISSION
There are 4 types of trading accounts with leverage up to 1: 1000.
Cent Account & Classic Account:
Dealing desk account and no commission fee.
Cent NDD Account:
No Dealing desk account, with commission fee of 10 cents / 1 cent lot.
Pro STP Account:
executing STP order is No Dealing desk, with commission fee of 8 usd / 1 lot. For this account, Forex4you announced on the website the speed of execution is fastest.
Remember, Pro STP accounts in this broker are equivalent to ECN accounts in other brokers.
LIQUID PROVIDER ON FOREX4YOU AND LIVE QUOTES
The liquid providers at Forex4you include LMAX, SUCDEN-SMART, IG-GROUP on Pro STP server. There you can see as forex and Gold trading pairs. What is the order volume? What liquidity provider? Buy or sell? What is the spread at that time.
FREE SERVICES FROM TRADING CENTRAL
Technical Analysis Center “Trading Central” is the third party partner associated with Forex4you. They will be provided free of charge to all Forex4you guests.
DowJones News is a form of news that is continuously updated for up to hours.
SHARE4YOU – COPY TRADING SERVICE
Share4you service is in fact Copytrade. Of course, it’s not free and the fee will depend on Share4you’s Leader. For example, the copy will have to pay a percentage of profit, or a fee per transaction volume.
Share4you is for all people. However, it still has the same risk of loss as when you trade by yourself because Leader is also professional, not as good as “Holy”.
DEPOSIT AND WITHDRAWAL METHODS
The relatively stable offer in terms of number of deposit and withdrawal methods.
Free deposit for almost all including: Ngan Luong, Skrill, Neteller, Webmoney.
Withdrawals are 1% for Skrill, 2% for Neteller, 0.8% for Webmoney, no fees for NganLuong.
- Cent Account support.
- Share4you – Copytrade support even for Cent Account. Which almost, no forex broker allows this advantage.
- Not many products traded.
- Trading is supported on one Metatrader 4 (MT4) platform only.
- Poor in terms of Regulation.