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Forex4you Account Types

Forex4you Account Types

 

 

Overall Rating

4.7/5

Rated #243 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC BVI

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Forex4you provides four different account types e.g., Cent Account, Classic Account, Cent NDD Account, and PRO STP Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about Forex4you account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Forex4you Overview

Forex4you is NDD and STP broker which is based in the British Virgin Islands with regulation through BVI FSC. Forex4you offers a variety of trading services along with flexible account types, the option for social trading and market analysis to traders from around the world.

Forex4you describes itself as a broker which focuses on transparency as well as ease of access to the online trading world. Forex4you was established in 2007 and through the years, it has grown both in strength and numbers to become a globally recognized brand.

Forex4you has around 1.7 million customer accounts and has, to date, executed more than 700 million orders. Forex4you possesses its own liquidity aggregator as well as order execution technology called ‘Marketplace’.

This allows the broker to collate quotes from various liquidity providers to offer traders the best possible prices. There are two different trade executions available namely instant and market execution. The type that traders are offered will depend on the type of account they choose.

Traders have access to more than 150 financial instruments which can be traded through the popular, powerful, and user-friendly MetaTrader 4.

 

Forex4you Account Types

Forex4you offers traders a choice between four trading accounts, each with its own trading conditions. These accounts are designed to cater to traders according to their individual trading needs, objectives, experience, and styles.

Forex4you offers traders tight spreads and competitive commissions. There is adequate leverage offered and provision is made for both fixed as well as floating spreads.

 

Forex4you Account Features

 

Cent Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Instant execution.
  • Execution speed of around 1.26 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Maximum of 500 orders.
  • Margin Call level of 50% and Stop-out level of 10%.
  • Access to bonuses and promotions.
  • Hedging allowed.

 

Classic Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Instant execution.
  • Execution speed of around 0.84 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Fixed spreads from 2 pips.
  • Commission-free trading.
  • Maximum of 500 orders.
  • Margin Call level of 100% and Stop-out level of 20%.
  • Access to bonuses and promotions.
  • Hedging allowed.

 

Cent NDD Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Market execution.
  • Execution speed of around 0.80 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Floating spreads from 0.1 pips.
  • Commissions of $0.10 per lot.
  • Maximum of 500 orders.
  • Margin Call level of 50% and Stop-out level of 10%.
  • Access to bonuses and promotions.
  • Hedging allowed.

 

PRO STP Account

When making use of this account, traders can expect some of the following features:

  • No minimum deposit requirement.
  • Market execution
  • Execution speed of around 0.55 seconds.
  • USD or EUR as the base account currency.
  • Leverage from 1:10 up to 1:1000.
  • The minimum trade volume of 0.01.
  • Floating spreads from 0.1 pips.
  • Commissions of $8 per lot.
  • Maximum of 500 orders.
  • Margin Call level of 100% and Stop-out level of 20%.
  • Hedging allowed.

 

 

Forex4you Demo Account

Forex4you offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore Forex4you’ trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Forex4you offers traders the option of opening a demo account. The demo account can be used on the MetaTrader 4 for whichever need or purpose the trader may have.

The general duration during which the demo account is available in 30 days, after this, traders will not be able to access the demo account with their login details.

 

Overall Rating

4.7/5

Rated #243 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC BVI

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Forex4you Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Forex4you does not offer Muslim traders the option of converting their live trading account into that of an Islamic Account. This means that Muslim traders who make use of Forex4you must ensure that positions are closed before the trading day ends.

Any positions that are kept open overnight will be charged or credited with swaps depending on whether the trader has taken a long or a short position, which is against Sharia law.

 

Forex4you Pros and Cons

✔️ PROS ❌ CONS
Regulated Offshore regulation
Variety of accounts offered Limited education
Adequate leverage offered Limited financial instruments offered for trade
No minimum deposit requirement Numerous countries restricted from using this broker
The latest news, as well as Dow Jones commentaries, offered Islamic account option not offered
The technical analysis provided by Trading Central
Social Trading offered through the proprietary Share4you
AutoChartist available
Demo account offered
Both floating and fixed spreads offered

 

You might also like: Forex4you Minimum Deposit

You might also like: Forex4you Demo Account

You might also like: Forex4you Fees and Spreads

You might also like: Forex4you Sign up Bonus

You might also like: Forex4you Islamic Account

 

 

Forex4you at a Glance

Broker’s Name Forex4you
Headquartered The British Virgin Islands
Year Founded 2007
Regulating Authorities BVI FSC
Countries not accepted for trade United States, Japan, Australia, Canada, and EEA residents
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:1000
Minimum Deposit $0
Deposit Options
  • Neteller
  • Skrill
  • WebMoney
  • Credit/Debit Cards
  • Local Deposits
  • Bank Wire transfer
Withdrawal Options
  • Neteller
  • Skrill
  • WebMoney
  • Credit/Debit Cards
  • Local Deposits
  • Bank Wire transfer
Platform Types MetaTrader 4.
OS Compatibility Windows, Linux, macOS, web browsers, Android, iOS
Tradable Assets
  • Forex
  • Indices
  • Stocks
  • Commodities
  • Cryptocurrency
  • Metals
  • Energies
  • CFDs
Languages supported on Website English, Malaysian, Vietnamese, Bangla, Hindi, Thai, Chinese (Simplified)
Customer Support Languages Multilingual
Customer Service Hours 24/7

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Forex4you?

You can trade the following financial instruments:

  • Forex
  • Indices
  • Stocks
  • Commodities
  • Cryptocurrency
  • Metals
  • Energies
  • CFDs

 

Which platforms are supported by Forex4you?

MetaTrader 4.

 

Does Forex4you offer leverage?

Yes. Traders have access to leverage up to 1:1000.

 

What spreads can I expect with Forex4you?

You can expect spreads that start from 0.1 pips.

 

Does Forex4you charge commission?

Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions:

  • Cent NDD – $0.10 per lot.
  • Pro STP – $8 per lot.

 

Are there additional charges on the Islamic account?

No. Forex4you does not offer the option for an Islamic Account to Muslim traders.

 

Is Forex4you regulated?

Yes. Forex4you is regulated by BVI FSC.

 

Is Forex4you a recommended forex trading broker for experts and beginners?

Yes. Forex4you caters to both beginners and experts.

 

What is the overall rating out of 10 for Forex4you?

6/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Forex4you offer a demo account?

Yes.

 

For how long is the demo account valid?

Demo accounts are generally available for 30 days.

 

Does Forex4you offer the option of an Islamic Account?

Yes. Forex4you does not offer the option of an Islamic Account.

 

Which live trading accounts does Forex4you offer?

  • Cent Account
  • Classic Account
  • Cent NDD Account, and
  • PRO STP Account.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR
  • GBP

 

Deposits and Withdrawals

 

What is the minimum deposit for Forex4you?

$0.

 

How do I make a deposit and withdrawal with Forex4you?

  • Neteller
  • Skrill
  • WebMoney
  • Credit/Debit Cards
  • Local Deposits
  • Bank Wire transfer

 

Does Forex4you charge withdrawal fees?

Yes. Withdrawal fees are charged according to the payment method that the trader uses.

  • Neteller – a service fee of 2$.
  • Skrill – a service fee of 1%.
  • WebMoney – a service fee of 0.8%.
  • Credit/Debit Cards – 2.5 EUR/USD along with 2.5%.

 

How long does it take to make a withdrawal?

This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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