Forex4you is the brand name of the trading service launched by E-Global Trade & Finance Group, Inc. in 2007. This broker had a steady growth. In 2013, it released Share4you, a social trading service, which is the first of its kind and introduced a new concept to approaching the financial markets. This social trading service pioneered the boom of online social trading a year later.
Forex4you Licenses and Awards
Forex4you operates under the company E-Global Trade & Finance Group, which is licensed and regulated by the Financial Services Commission or FSC in the British Virgin Islands. Under FSC’s Securities and Investment Business Act, Forex4you is obliged to comply with the international standards on operating financial institutions. These standards are predefined by large agencies such as the International Monetary Fund and the International Organization of Securities Commissions.
Forex4you has received several awards in its years of service, though this broker reiterates that their most valued achievement is their clients’ trust. It was awarded the Best Affiliate Partnership Program 2020 by the International Business Magazine, which it also earned in the previous year. It also garnered AtoZ Markets’ Best Forex Affiliate Program, marking a success in its partnership programs. It received two awards from the International Business Magazine, the Best Forex Customer Service Broker 2019 award and the Best Affiliate Partnership Program 2019 award. It also received two consecutive awards from Le Fonti, the Forex Broker of the Year 2018 and 2019.
Forex4you Review of Services
Forex4you offers high-grade professional services, including webinars, promotions, educational tools, and Copy Trading. This review of services will focus on Forex4you’s most prominent features, and those that are most sought after by customers.
Trading Platforms
Forex4you provides ample choices for a trading platform. Clients can choose a desktop, web, or mobile platform, and even switch from time to time. It provides the classic MetaTrader4, which contains hundreds of tools and features that traders can use for trading and market analysis. It has an intuitive interface, a customization feature, and the ability to use trading bots.
Another platform provided by this broker is the Forex4you WebTrader. This is a unique and full-featured web platform that has a user-friendly interface, high-grade technology, and useful features. For traders who prefer a desktop platform, Forex4you also offers an installable version that is compatible with Windows and MacOS. It was developed using proprietary technology, resulting in an intuitive interface, fast execution, and high-grade features that provide a smooth trading experience overall.
Copy Trading
This feature allows any trader to replicate another’s trades. It is most recommended for beginners as it allows them to participate in the market through a user-friendly social trading experience and learn about the success of each trade they replicate. With this tool, beginners can connect with expert traders and begin their successful journey through following them. This feature offers instant and precise replication of trades, guaranteeing reliability.
Of course, for a beginning trader to start copy trading and get access to Share4you’s most successful traders, a leaderboard is provided for everyone to see. Traders are ranked with the rate of gains they achieved for the month and for the year. The number of followers of a specific expert trader is also provided to inform how many traders are copying his or her trades. Not only that, their risk level is also shown, with some traders being low, medium, and high risk.
Education & Analytics
Every broker provides research and educational materials to their clients. It is an important, and most often necessary feature. Forex4you provides basic research tools such as an Economic Calendar, forex articles, video tutorials, and analytical tools. But aside from that, they also offer a trading school and Trading Central.
The trading school is basically like an online course for trading in the financial markets. It covers topics like forex, factors into price movements, currency pairs, trading terminologies, and STP and ECN brokers. These are very informative and beneficial learning tools that beginning traders and even professionals can review.
On the other hand, Trading Central is the leading provider of technical analysis in the industry. Data from Trading Central is compiled by market experts and analysts. It is also certified by the world’s regulatory agencies, including the U.S. Securities and Exchange Commission.
Forex4you Conclusion
Forex4you is a brokerage firm with an innovative philosophy. It aims to create a more transparent and accessible online trading industry. It has opened over two million trading accounts with 957 orders executed. It supports eight languages and has garnered 12 awards in its 13 years of service. It is a very promising broker–and one that delivers results. For these reasons, Forex4you is undeniably a recommendable broker for beginning and professional traders.