The popular Forex broker Forex4you is registered in the British Virgin Islands and was opened in 2007. Part of the E-Global Trade & Finance Group, Inc. The broker is regulated by FSC. The main office of the company is located in Moscow. In addition, there are in different countries of the world, for example in the UK, India and Malaysia.
The broker currently has over one hundred and twenty thousand active clients and 1.6 million accounts. The company offers a fairly low threshold for entering financial markets to complete transactions and create an investment portfolio.
How Forex4you works
To start working with the site, you need to register and enter your personal data, such as email and phone number. After SMS with confirmation, you will have to go through the verification process (you must provide copies of documents that prove your identity and indicate the registration address) to open a real trading account.
The available working functionality is not so extensive. The client can use MetaTrader4 and Forex4you Terminal. In MT4, users can make transactions on currency pairs, make purchases of shares or conclude CFDs, purchase futures. Traders have access to different types of accounts, including PAMM accounts. The use of automated advisors will make trading on the platform easier and more convenient. But many clients complain that orders may not be executed due to delays on the company’s servers.
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Commissions such as the BVI FSC are responsible for the safety of traders on the platform. Among the shortcomings of the site’s security system, one can note the lack of two-factor authentication.
As a pleasant bonus, Forex4you clients can use the affiliate program. It means making money by attracting new customers to the site. In addition, the broker often runs a variety of temporary bonus programs.
The support team works pretty well. There are two options for communication: by phone and via chat on the company’s website. Outside of peak loads, users can receive a chat response within a couple of minutes.
Briefly about the Forex4you broker
- Established: 2007
- Money deposit and withdrawal options: WebMoney, Visa and MasterCard, QIWI, YandexMoney, Moneybookers (Skrill), Neteller, W1 Wallet One, Currency bank transfer
- Minimum deposit for a user: $ 50
- Minimum trade size: 0.01 of a standard lot
- Spread: 2-3
- Leverage: 500: 1
- Trading terminal: MetaTrader 4, MetaTrader 4 MultiTerminal
- Trading instruments: currency pairs, stocks, options, futures