Is Forex4You a Scam?

Forex4you is a well-known company that offers an excellent trading platform for Forex and CFDs. It has many features and options, allowing traders to choose from various equities, indices, and currencies. As well as offering a free demo account, the platform provides a commission-free minimum of 2 pips. However, there are some recurring charges, such as a $10 monthly inactivity fee, that must be paid if you don’t make any trades in the first twelve months.

Trading in 40+ currency pairs

Forex4you is a popular Forex trading platform that offers a variety of underlying assets. Its services include more than 40 individual stock CFDs and various commodity CFDs. The company also offers an ECN account with narrow market spreads.

The platform has been operating since February 2007. Forex4you has opened more than 2,200,000 accounts in the years since its establishment. As a result, the company has developed a mediocre reputation among its clients. However, it is also a reputable trading partner.

The company offers four types of trading accounts, each of which has advantages and disadvantages. Traders are advised to consider their objectives, risk exposure, level, and willingness to be exposed to that risk.

Trading in four commodities

If you’re looking for a new forex broker, you may want to check out Forex4you. They offer four commodities and over 40 currency pairs. Their trading platform has been around for over a decade, and the company has accrued more than 2,200,000 registered accounts. However, it’s essential to do a bit of research before diving in. For instance, does the company have any real customer support? Or does it offer any education? The latter is essential, as not every forex broker is created equal.

50+ equities and 15 indices

If you’re going to trade Forex on the Web, you might want to consider a broker offering both desktop and WebTrader options. In addition to standard hedging and execution features, you can trade in one or both currencies. Aside from the apparent forex pairs, Forex4you also caters to digital currency investors with crypto-currencies such as Litecoin, Ethereum, and Ripple.

For a start, you get the usual suspects, such as market and news coverage from DowJones and FXStreet, plus automated trading signals and signal management from Trading Central. You’re also thrown in the mix with a whopping 150 CFD trading products, spanning equities, commodities, and currencies.

Commission-free minimum of 2.0 pips

Forex4you is a forex broker offering commission-free trading on over 150 tradable instruments. They offer four different account types. There are also several payment methods. These include Visa, MasterCard, WebMoney, and Neteller. You can sign up for an account with just a click of a button on their website.

The MT4 platform is Forex4you’s mainstay and offers a complete set of orders, dozens of technical analyses, and automation scripts. It’s also one of the most popular professional trading software programs around.

Offers a free demo account

Forex4you is an offshore-based broker offering retail trading services to clients around the globe. It provides various tools for its clients to trade, including desktop and mobile applications.

The broker offers a variety of currency pairs, indices, commodities, and equities. It also offers social trading with Share4you, which allows traders to follow and copy other traders.

Traders must register with a phone number and a first and last name. They can then choose from several payment options, such as debit and credit cards, e-Wallets, and wire transfers. However, some of these methods require conversion fees.

Regulations

Forex4you is a purported internet trading platform based in the British Virgin Islands. It offers a proprietary web terminal and a downloadable desktop app. The broker’s website claims it has been operating for thirteen years and has a solid reputation. However, there are several negative reviews on the Internet.

For instance, there are claims that the broker’s spreads are fixed, that it charges fees on withdrawals and that it denies profits when investors lose. These claims sound suspiciously like conspiracy theories. But is it true?