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Forex4you Review 2024

Last updated Jun 17, 2024
Forex4you is trusted. Tested via live trading.

Highlights of Forex4you

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Trading Assets
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MetaTrader 4MetaTrader 5Forex4you
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Forex4you is a broker with many years of market experience, providing its clients with a variety of trading instruments and platforms.

On one hand, the broker offers attractive features such as a Cashback program and various analytical tools. On the other hand, certain aspects like commissions and limited funding methods may pose challenges for traders.

Forex4you is best suited for intermediate and experienced traders who seek flexibility in trading platform choices and value analytical tools. Beginners might need more educational materials, which are somewhat lacking on the broker’s website.

Pros and Cons of Forex4you


  1. Variety of trading accounts.
  2. Cashback program.
  3. Variety of trading platforms.
  4. Many analytical tools.
  5. Fast and professional response of the support service.


  1. Swaps are above the market average.
  2. Limited deposit methods.
  3. Limited product selection.

Forex4you Broker Overview

Foundation Year2006
Official Website
Regulated in CountriesBritish Virgin Islands, Saint Vincent and the Grenadines, BelarusMore Details
Minimum Deposit
  • 1 USD
  • 1 EUR
Spreadfrom 0.1 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Indices
  • Stocks
  • Precious Metals
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Forex4you
Email Support
Hotline Phones
Social Media

Forex4you broker is a brand of E-Global Trade & Finance Group, Inc., and provides its clients with online trading services.

The company offers access to the interbank market using the No Dealing Desk (NDD) model, which provides direct market access without dealer intervention and Dealing Desk Execution (DD) involving a dealer.

Forex4you is in the top 10 of the following ratings:

Forex4you Review Summary

Our ratings are based on a detailed and objective methodology developed by our team of experts. If you want to learn more about how we evaluate brokers, please refer to our evaluation methodology. Continue reading to delve into the details of our review and learn all the nuances of working with Forex4you.

Reliability and Regulation

Legal EntityRegulator

Since 2007, Forex4you has been registered and regulated in the British Virgin Islands (BVI), and since 2021, the broker has also been regulated in Belarus.

Forex4you is more focused on traders from Asia: India, Vietnam, Thailand, Malaysia, Indonesia, and Bangladesh.

Account Opening


The registration process on the Forex4you broker's website is quite simple and intuitive. The website navigation is user-friendly, allowing for quick and uncomplicated account creation. All that is required from the user is to fill out a standard registration form with basic contact information. Access to the personal account is also greatly simplified and available directly from the homepage of the website.


The broker's website features straightforward navigation. To create a personal account, fill out the registration form by providing your contact phone number, which will later be used as a login, first and last name in Latin characters, e-mail, and the country of your residence.

Forex4you registration form
Forex4you registration form


To verify your account on Forex4you, you must provide two documents to prove your identity and confirm your residential address.

Identity Verification

As proof of identity, you can use one of the following documents:

  • Passport;
  • Driver's license;
  • Identity card.

Ensure that the document is valid and all information is legible.

Proof of Residence

For proof of residence, the following documents are acceptable:

  • Utility bill (not older than 3 months);
  • Bank statement (not older than 3 months).

The document must contain your current address and be issued in your name.

Minimum Deposit

One of the advantages of Forex4you is the absence of minimum deposit requirements. This means you can start trading without any initial investments. Such an approach makes the broker accessible to traders with any budget, whether they are beginners wanting to test their skills in the market without significant investments or experienced investors.

Account Types


Forex4you offers a variety of account types, catering to the needs of different categories of traders. From beginners looking for opportunities to start trading with minimal risks on Cent accounts to professionals preferring to handle large volumes and use expert advisors on Classic Pro accounts. Such diversity allows traders to choose the most suitable account type for themselves.

Trading Accounts

Classic StandardClassic FixedClassic ProCent FixedCent Pro
Account CurrencyUSD, EUR
Minimum Deposit1 $1
Trading PlatformsMetaTrader 4MetaTrader 5Forex4you
Spreadfloatingfrom 0.9 pipsfor EURUSD~ 0.9 pipsfixedfrom 2 pipsfloatingfrom 0.1 pipsfor EURUSD~ 0.2 pipsfixedfrom 2 pipsfloatingfrom 0.1 pipsfor EURUSD~ 0.1 pips
Commission per Tradeper 1 lot~ 4 $per 1 lot~ 5 $
Trading AssetsForexIndicesStocksPrecious MetalsForexPrecious MetalsForexIndicesStocksPrecious MetalsForexPrecious Metals
Opened Positionsup to 500
Margin Call / Stop Out100% / 20%50% / 10%
Demo Account
Islamic Account

For those who want to try their hand at trading without risking significant funds, cent accounts from Forex4you are suitable. Accounts can be opened in euros or US dollars.

Classic accounts are more suitable for those who have fully mastered the skills of independent trading in the Forex market and for fans of copy-trading services.

Professional market participants capable of operating with large volumes prefer the Classic Pro account. Scalpers will also appreciate this type of account, as it allows closing a trade just 1 second after opening. The use of advisors is permitted, and market access is guaranteed.

Demo Account

After completing the registration process, opening a demo account is the optimal option for getting acquainted with the broker and gaining practical trading skills.

The educational account from broker Forex4you is no different from a real one, but it does not require account funding for trading. It can be accessed from the personal account area.

The system will automatically close and delete the demo account if there has been no activity for 90 calendar days.

Islamic Account

The broker offers the opportunity to open a Swap Free account, an excellent solution for Muslim traders who follow Sharia principles and avoid paying or receiving interest for carrying positions over to the next day. These conditions are available on two types of accounts: Cent Fixed and Cent Pro.

Share4you – Copy Trading Service

The Forex4you broker's website provides a list of professional traders for all clients whose trades can be utilized via the copy trading platform.

Share4you – Copy Trading Service
Share4you – Copy Trading Service

A very convenient addition to this service is the ability to scale trades, that is, to project a trade from the Leader in a different volume. For example, the original trade is made at 0.1 lots but copied at 0.0001 lots.

A trader can also independently choose the leverage for their account and, if necessary, stop trading and close a position at their discretion.

Trader statistics in Share4you service
Trader statistics in Share4you service

If you trade well on Forex, you can also become a leader of the Share4you service. This can be done by opening an account with Forex4you and specifying in your client's area that your account is a leader account. Then, you set the commission size (from $2 to $8 per copied lot) and earn money for having your trades copied.



In our opinion, the commissions of the Forex4you broker are above average. The commission per lot on the Classic Pro account is higher than the market average, which can increase expenses for active traders. However, the spreads offered by the broker are average, making them competitive. On the other hand, high swaps can become a problem for long-term investors.

Trading Commissions

At Forex4you, the commission structure varies depending on the type of account chosen. On the Classic Pro account, the main expense is represented by the commission per lot, while on other accounts, the key cost elements are spreads and swaps.

Commission per Trade

On the Classic Pro account, the central trading commission is the commission per lot, which is $8. Compared to the market averages, such a commission is high.

Below is the commission per lot one way for the EURUSD pair at different Forex brokers:

BrokerIC MarketsRaw SpreadPepperstoneRazorForex4youClassic ProRoboforexECNFxProStandard
Commission per lot$3.5$3.5$4$2.16$0.00

Spreads and Swaps

For other accounts, the critical trading expenses are spreads and swaps. The spread for a standard account is considered average for the market, with the minimum spread for the EURUSD pair being 0.9 pips. However, it should be noted that the swap on these accounts is higher than most competitors, which can be problematic for traders who prefer long-term trading.

Below is a table of spreads and swaps for major currency pairs on the Classic Pro account.

AssetAverage spreadSwap longSwap short
AUDUSD0.3 pips-4.00 pips0.90 pips
EURUSD0.2 pips-7.00 pips2.10 pips
GBPUSD0.8 pips-2.63 pips-1.13 pips
NZDUSD0.3 pips-1.38 pips-1.13 pips
USDCAD0.5 pips0.00 pips-4.00 pips
USDCHF0.6 pips5.85 pips-12.75 pips
USDJPY0.3 pips15.60 pips-30.25 pips

Inactivity Fee

The broker charges an inactivity fee if there is no activity on a client's trading account for 12 months. After 12 months of inactivity, the fee is 10 USD/EUR or the equivalent in another currency, depending on the account currency. After 24 months, this amount doubles to 20 USD/EUR. The fee is charged until the account balance reaches zero or the client resumes trading. Clients are notified about the inactivity fee one month before it is charged. If an account is subject to an inactivity fee, access to it is restricted.

Cashback Program

The broker Forex4you offers its clients a unique opportunity to get a refund of a part of the paid commissions through the Cashback program. This program allows traders to receive back up to 40% of the paid spread and commission, making trading even more profitable.

Key Benefits

  • Refund of up to 40% of the paid spread and commission.
  • Opportunity to receive up to 8$ per lot on the EURUSD pair.
  • The program operates without time limits.

How to Activate the Program?

To activate Cashback, traders must connect their real trading account to this service. This can be done in the personal area by selecting the 'Deposit / Withdrawal' section and the 'Bonuses' tab. After that, press the 'Enable Rebate Bonus' button.

Participation Terms

  • There should be no active credit bonuses on the trading account.
  • The account should not be registered under an affiliate code.
  • Compliance with MTP (Minimum Trade Points) and MTT (minimum trading time is 3 minutes) conditions is required.
  • A credit bonus is not available with an active Cashback program.
  • Cashback is not paid for trades that result in a negative balance on the client's account.

This program will be an excellent addition for those who want to maximize their profits by minimizing trading expenses.

Deposit and Withdrawal


The range of available payment methods at Forex4you is limited — bank transfers and the option to use cryptocurrencies are absent. Moreover, the withdrawal time can take up to 6 business days, which may be inconvenient for traders who prefer a quick withdrawal of funds.

Account Funding Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
from 2 to 10000 USD
from 1 to 10000 USD
from 25 to 6000 USDfrom 1200 to 500000 RUB
from 25 to 6000 USDfrom 1200 to 500000 RUB

Deposits to the Forex4you trading account are processed instantly.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
from 2 to 2500 USD
from 1 to 10000 USD
from 1 to 10000 USD
from 1200 to 75000 RUB
from 1200 to 75000 RUB

Withdrawals take from 2 to 6 business days.

Specifics of Transfers on Forex4you

When working with Forex4you, traders should consider several specifics related to account funding and withdrawals:

  1. Account Verification. If you plan to deposit or withdraw 1000 USD or more or use VISA or MasterCard, you must undergo a verification procedure. This standard security measure usually takes less than half a business day.

  2. Limits and Restrictions. Each electronic payment system has its limits and restrictions. Detailed information can be found on the official payment system websites.

  3. Additional Documents. Sometimes, the company may request other documents confirming the funds transfer to the trading account. This is done solely for security purposes and to prevent fraud.

  4. Currency Conversion. If the transfer of funds requires currency exchange to USD or EUR, the conversion will be carried out at the internal rate of Forex4you.

  5. Third-Party Transfers. The company does not accept transfers from third parties. All payment details used for account funding must belong to the owner of the personal account.

Markets and Products


Forex4you offers its clients access to various markets, including currency pairs, metals, CFDs on stocks, and indices. Such diversity allows traders to create multiple trading strategies and diversify their portfolios. However, despite the range offered, the broker lacks categories such as energy carriers, cryptocurrencies, and soft commodities. Moreover, compared to some competitors, the total number of CFDs may seem insufficient for experienced traders.

Which markets are available?

BrokerIC MarketsForex4youPepperstone
Precious Metals7220
Energy Carriers54
Soft Commodities816


The maximum leverage on Forex4you varies depending on the funds in the trading account.

Trading InstrumentMax. Leverage for Retail Traders
Precious Metals

It should also be noted that Forex4you reserves the right to change the leverage to 1:25.

Trading Platforms


Forex4you offers users a wide range of trading platforms, including the popular MetaTrader 4 and 5 terminals and their proprietary Forex4you platform. These highly functional platforms provide traders with all the tools for effective trading. Clients can efficiently execute orders, adjust various settings, and use an extensive catalog of charts and indicators. Furthermore, the availability of mobile versions of the platforms allows traders to trade on the go, making the trading process even more convenient.

MetaTrader 4 and 5

For its clients, Forex4you provides the most functional trading terminals to date, MetaTrader 4 and MetaTrader 5, which require no additional software and can be downloaded directly from the broker's official website.

These platforms allow for instant order execution, ensure complete confidentiality of transactions, and are filled with an extensive catalog of charts, indicators, and other tools.

For the convenience of clients, it is possible to take advantage of all the benefits of the MT4 and MT5 terminals not only on desktop computers but also on mobile devices. You need to download iPhone, iPad, or Android applications to do this.

Forex4you Platform

The broker also has its development - the Forex4you trading platform. The platform is available online and in desktop and mobile applications.

Forex4you trading platform
Forex4you trading platform

The Forex4you terminal allows trading with one click, setting stop losses and pending orders, viewing balance, equity, and margin, creating reports for a specified period, and much more.



Forex4you provides an extensive set of analytical tools that give traders all the necessary information for making informed trading decisions. However, although the set of tools offered is impressive, some traders may feel the lack of deeper fundamental analysis from the company's experts.

Forex News

The broker's clients have access to more than 250 unique news summaries at any time of the day. These news are available in 6 languages. In addition, automatic calendar headlines provide 40-50 news items daily.

Economic Calendar

This tool publishes all key economic events with a detailed explanation of their possible impact on the market.

Forex4you Economic Calendar
Forex4you Economic Calendar

Trading Central Technical Analysis

Clients can receive professional technical analysis for six major currency pairs. This service is available in the personal account under the "Analytics" section.

Technical Analysis by Trading Central on Forex4you
Technical Analysis by Trading Central on Forex4you

Trading Central WebTV

Forex4you provides the opportunity to watch financial news online, allowing clients to stay informed about the latest market events.

Autochartist Program

This powerful software provides regular trading signals and automatically identifies Forex market patterns, models, stocks, and indices. It is available to all verified clients and can be used in MetaTrader 4 as an additional indicator.

Autochartist on the MetaTrader platform
Autochartist on the MetaTrader platform



Forex4you is focused on educating its clients and offering diverse and influential educational resources.


A fundamental source of knowledge for traders, Forex4you's articles cover a wide range of topics, from the basics of forex to advanced trading strategies. Easily readable and informative, they are designed to master the material quickly.

Forex4you Articles
Forex4you Articles

Trading School

Perfect for beginners and those looking to refresh their knowledge. The Forex4you Trading School brings together fundamental aspects of forex trading, making it easier to understand and make trading decisions.

Forex4you Trading School
Forex4you Trading School

Video Tutorials on MetaTrader 4

These concise and informative video tutorials are designed to teach the basics of working with the MetaTrader 4 platform, one of the most popular platforms for forex trading.


Offering a deeper understanding of financial markets and trading strategies, these webinars are conducted by professional traders and analysts, making them a valuable resource for learning.


Forex4you actively organizes seminars worldwide, providing training from professional forex instructors. Topics range from the basics of candlestick patterns to advanced trading techniques.

Forex4you Seminars
Forex4you Seminars

Customer Support


Despite the variety of communication channels and quick response in most cases, issues pointed out in negative reviews lower the overall rating of Forex4you's technical support.

Contact Information

For any technical questions, 24 hours a day, 7 days a week, you can contact the technical support service. For this, there are:

  • phone: +44 330 027 1824
  • online chat
  • email:

Reviews of Technical Support

Reviews of Forex4you's technical support present a mixed set of opinions. Many traders rate the company's services highly, emphasizing the platform's convenience and the support team's professionalism. It is noted that the technical support team responds quickly and competently to client requests.

However, negative reviews claim the company freezes accounts and deletes profits without explaining why. Some users complain about issues with fund withdrawals and a lack of responses to their inquiries. Sometimes, traders have resorted to third-party organizations to recover their funds.

Overall, the reviews indicate that while many clients are satisfied with Forex4you's services, there are certain risks associated with working with this broker.


Forex4you is a broker with years of experience in the market, offering its clients a variety of trading instruments and platforms. On one hand, the broker provides exciting opportunities such as the Cashback program and various analytical tools. On the other hand, certain aspects, such as commissions and limited deposit methods, may pose particular difficulties for traders.

Forex4you is probably most suitable for intermediate and experienced traders looking for flexibility in choosing trading platforms and value analytical tools.


Is Forex4you legit?

Yes, Forex4you is a legitimate broker with many years of market experience, regulated by the Financial Services Commission (FSC) of the British Virgin Islands.

Which country is Forex4you from?

Forex4you is based in the British Virgin Islands.

Is Forex4you an ECN broker?

No, Forex4you is not an ECN broker. It operates as a market maker.

How does Forex4you make money?

Forex4you makes money primarily through spreads and commissions on trades executed by its clients.

Is Forex4you good for beginners?

While Forex4you offers a range of trading tools and platforms, it might not be the best choice for beginners due to the limited availability of educational materials.

Does Forex4you offer a demo account?

Yes, Forex4you offers a demo account for traders to practice and familiarize themselves with the platform.

How can I open an account with Forex4you?

You can open an account with Forex4you by visiting their website, clicking on the "Open Account" button, and following the registration process.

How can I delete my Forex4you account?

To delete your Forex4you account, you need to contact their customer support and request the closure of your account.

What is the minimum deposit for Forex4you?

The minimum deposit for Forex4you is $1.

What is the maximum leverage on Forex4you?

The maximum leverage offered by Forex4you is 1:1000.

How do I deposit funds in a Forex4you account?

You can deposit funds into your Forex4you account via various methods including credit/debit cards and online payment systems like Skrill and Neteller.

How do I withdraw money from Forex4you?

You can withdraw money from Forex4you by logging into your account, selecting the withdrawal option, and following the instructions for your chosen withdrawal method.

Does Forex4you provide VPS?

No, Forex4you does not provide VPS (Virtual Private Server) services.

Is Forex4you suitable for scalping?

Yes, Forex4you is suitable for scalping, allowing traders to open and close positions quickly.

Is Forex4you suitable for auto-trading?

Yes, Forex4you supports auto-trading through various trading platforms and tools.

Is Forex4you suitable for hedging?

Yes, Forex4you allows hedging, enabling traders to open opposite positions to manage risk.

Is Forex4you suitable for spread betting?

No, Forex4you does not offer spread betting services.

Visit Forex4youTrading CFDs carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.