Forex4You.com Review

2.831 · 76 REVIEWS
Updated: Jul 23, 2020 · Visit site  · Is this your company?

Forex 4 You are forex brokers. Forex4You offers the MetaTrader 4 foreign exchange trading top platform. Forex4you.com offers over 35 currency pairs, gold, silver, cfds, bitcoin and other cryptocurrencies for your personal investment and trading options.

Forex4You.com

Other websites of this company include forex4you.org and eGlobal-Forex.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $1
Established: 2007
Address: First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, Virgin Islands, British
Contact: info@forex4you.com, +44 207 193 9932
Regional offices:
Regulators: BVI FSC #SIBA/L/12/1027
Prohibited countries:
Trading platforms: MT4, WebTrader, Forex4You
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (35+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (65+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
Scalping: Yes
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WebMoney
Withdrawal Methods: VISA, MasterCard, Neteller, Skrill, WebMoney

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2.831 · 76 REVIEWS
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Traders Reviews

Daniel,
, Switzerland,
Dec 21, 2015,
Guest

I started trading with forex4you one month ago. I thought it is a very good broker so far. What changed my mind was the spread on EURCHF shortly before market closing time. On friday, December 18th, 2015 it was 56 pips. That's insane and almost blew my account. NDD, ok... Max 10 pips, ok... But 56?!
 
Reply by Viktor Smirnov submitted Apr 24, 2016:
Dear Daniel, A significant widening of a variable market spread usually may occur during low liquidity period, when the difference between supply and demand decreases. Usually it may occur at night time. In particular 23:00 (CET) is a time, when banks are applying calculations of rollover. During this time number of market participants decreases as well as market liquidity. This kind of situation causes spread to be wider.
viswanathan,
tamilnadu, India,
Jun 21, 2015,
Guest

Forex4you is one of the best broker. Withdrawals are fast. But the credcard deposit sorexpay gateway is blocked in some banks in India. If the add allied wallet or paypal, it will be easy to deposit money for traders like me from India

2014-02-23 1Star Forex4you all the things like deposit, withdrawal, ib commission etc. are well. In NDD accounts, the orders will be open in the quoted price. But in forex4you NDD account, all orders are opened with re-quotes. If Forex4you will rectify the requotes, it will be one of the best broker in future. Will you solve the problem Forex4you?

Added by Juris Leznins on 2014-02-28
Content: Dear viswanathan,

Forex4you offers several account types.

DD accounts have instant order execution. In this type of execution it possible to get requotes, but as our statistics shows the average count of requotes which our clients get is extremely low.

NDD accounts have market execution where orders are executed immediately, without long queues and requotes. It is possible to get slippage or price improvement.

All account types and conditions you can find online on our website here http://www.forex4you.com/en/account/conditions/

Yours sincerely,
Forex4you
 
Noman Khalid Abbasi,
Pakistan, Pakistan,
Feb 27, 2015,
Guest

very very Good and Cooperative Broker...
i give him 100 out of 100 points...
my account number is
3030702
E-global cent 2
every thing is alright...
fast withdrawal
best customer support etc...
and i also have a suggestion if you make ur spread more better then you will be No 1 in forex Market... stay blessed... :)
 
German Resident,
, Germany,
Oct 17, 2014,
Guest

Funding my account was a bit complicated, but ok, when first doing this, they have to check some things, identity and so on.
Some months later, I was runing out of margin. To solve the problem I made a new fund via creditcard, as done before.
Again I had to do all the bureaucratic things, and there was some emergency by runing low on margin. By night, the support checked, it I had done the right things. All ok, they confirmed, but the amount can only be added to my account by day, when payment department is working.
Next day I wrote a new mail, asking to quickly adding the money to my account, because it is very urgent.
Not possible, they said, mails are done in strictly order of coming in. I have to wait.
Late in the afternoon I got a new mail, confirming all is ok with my fund, but payment department is closing now and the fund will be added to my account tomorrow.
2 hours later my account was wiped out by automatic closing all positions because of no margin left. Thank you very much!!!!!
One week later I then had the money in my account, while my creditcard was charged imediately one week before. Seems they are not really interested in satisfying their customers.
 
Reply by JurisL submitted Oct 27, 2014:
Dear Client, We are sorry to learn that you have been dissatisfied with the service we have provided and can confirm that we conducted investigation into your concerns . During investigation of the reported issue, it has been, for fact, identified that your deposit in question had been credited to your account 2953908 with delay. This unfortunate event was due to our Payments department erroneously missing your pending deposit authorization. We sincerely apologize for the frustration this error has caused you and can assure you that we have taken proper measures to prevent this issue from occurring ever again. Nevertheless, after looking into your trading history of account 2953908, where your deposit was sought to be credited, we were unable to establish any negative consequences (such as Stop Out) of this delay. While we understand the frustration the issue has caused, it follows from the the information reflected above (the result of our investigation) that we are sorry to say that we unable to uphold your complaint. Yours sincerely, Forex4you
Ambresh Singh,
Uttar Pradesh, India,
Oct 9, 2014,
Guest

I don't know why some people say that this broker is bad. I open my first account in Jan 2012 . And till now I am very satisfied with this broker. His local agent Mr. Harsh Kamdar talk with me in my language & Deposit and withdrawal are so fast I can't believe first time. All done in my Indian currency and personally I advise all my Indian to if he want open any forex account then only one best option is - Forex4you.com
 
Sandy Tave,
Santo Domingo, Dominican Republic,
Jun 2, 2014,
Guest

Bad broker, stay away! When I opened my account, they blocked an amount of dollars of my card, a month ago and since I'm wating my money, they say that sent it, but is not true, If you deposit they blocked your deposit for 30 days. I think that a lost my money,
 
Reply by JurisL submitted Jun 17, 2014:
Dear Sandy, Before the deposit of funds via credit card, client is informed that: a) Deposit amount will not be available for withdrawal or transfer for 30 days. b) A random sum varying from 0.01 to 5 USD will be blocked for verification purposes, this sum automatically returns to the bank account within 5-20 working days. As indicated by your trading history, your trade orders were forcefully closed due to reaching required margin level of 10% (Stop out level indicated in Trading conditions). Yours sincerely, Forex4you
Hicham,
agadir, Morocco,
May 20, 2014,
Guest

the most bad customer support i ever seen . i was try to get my account verefied . i did upload my documents
but they say i need to submit the other side of my id card and i did and the utlitty ill should be clear also i did
and later i did got this message :

Submitted documents:

Photo ID proof: Verification failed
The submitted document cannot be accepted as identity proof, because it does not contain bearer's signature. Please submit alternative document.
Utility bill: Verification failed
Please kindly arrange a Bank stamp on the provided document.

they say my id card wich is in french language should have my signature on it i don't know i they kidding or they are serious
and the bank statment should have the bank stamp on it .
so i don't recommend this broker to anyone i did open account with xm and exness and verify it with the same documents with no problem
 
Reply by JurisL submitted May 28, 2014:
Dear Hicham, E-Global Trade & Finance Group, Inc. is authorized and regulated by the FSC under the Securities and Investment Business Act, 2010 License#: SIBA/L/12/1027. According to regulation rules all documents that are reviewed during verification process have strict rules and must be submitted in accordance to KYC policy, AML procedures and Customer Agreement. Please be informed, that we can only accept documents supplemented in English or with English translation. Also, if you are unable to provide official translation in this case, you can provide driving license or passport. Most of the time, passport has English translation. Regarding question of your bank statement, in order to verify your bank statement our company due to security reasons can ask for a stamp on it. All actions during verification process are used in order to secure your personal information and funds on your account. Yours sincerely, Forex4you
Mohamad Nabil,
Kedah, Malaysia,
May 1, 2014,
Guest

Minus, because they dont have multi terminal to control multiple account. The only option is on copy trade.

2014-03-10 3Star They are not bad, their local agent is quite co-operatives. But if you want to withdraw directly through the local banks, it can be a headache.
 
UK Resident,
London, United Kingdom,
Mar 23, 2014,
Guest

On 21/03/2014 they blocked my account saying that they no longer deal with UK Residents, they did say they would close my open trades and refund my balance as yet they have not. Has anybody else from the UK had the same experience?
 
Reply by JurisL submitted Mar 25, 2014:
Hello, Regarding your case please get in touch with our customer support specialist. You can reach our customer support specialists via phone +442071939932, email ? info@forex4you.com or Live Chat. You can find all possible communication channels on our contact page http://www.forex4you.com/en/about/contacts/ Yours sincerely, Forex4you
Dr. Shaila Habib,
Rajshahi, Bangladesh,
Dec 16, 2013,
Guest

Bad Broker. Worst experience with them for their huge spread/spike issue. Stay away from them .
 
Reply by JurisL submitted Jan 22, 2014:
Dear Dr. Shaila Habib, Forex4you offers to our customer?s two types of execution: instant execution with fixed spread and market execution with variable spread. Under typical conditions within the day variable spread is lower than fixed spread. But in the moments of reduced liquidity, for example, during the holidays or when the market is closing, as well as during important news when market volatility increases, of course, it is possible that variable spread will be increased depending on the conditions provided to us by our liquidity providers. Yours sincerely, Forex4you