One of the most interesting of this broker are its automated trading services (PAMM managed accounts) and social trading, especially its copytrading network for Forex trading, which is analyzed later.
Type of broker
Country of origin
The instruments that this broker offers to trade are the following:
- Forex Market: More than 100 currency pairs in the Forex spot market, from the most important like the EUR/USD and USD/JPY to other more exotic.
- Commodities: Gold and Silver in the spot market.
- Contracts For Difference on Shares: CFD based on 36 of the major shares in the stock market including IBM, Coca Cola, CISCO, Intel, Google and other.
- Contracts For Difference on Futures: CFD based on Futures on the main stocks indexes and commodities such as grains, oil, gas and others.
- Cent Lite Account: The recommended minimum deposit to start trading with this type of trading account is $1. The minimum transaction size is $0.02 (0.0001 lots) and it offers fixed spreads from 2 to 3 pips for major currency pairs like EUR/USD and GBP/USD.
- Cent Account: For the Cent Account the recommended minimum deposit to start trading is $10. The minimum transaction size is $0.2 (0.001 lots) and it offers fixed spreads from 2 to 3 pips for major currency pairs like EUR/USD.
- Classic Lite Account: The recommended minimum deposit of capital to start trading in the Classic Lite account is $100. The minimum transaction size is $2 (0.01 lot) and it offers fixed spreads from 2 to 3 pips for major currency pairs.
- Classic Account: For these trading accounts the recommended minimum deposit to start trading is $500. The minimum transaction size is $10 (0.05 lots) and offers fixed spreads from 2 to 3 pips for major currency pairs like the EUR/USD.
- Cent NDD Account: This account requires a minimum deposit of $1 to start trading. The minimum transaction size is $0.02 (0.0001 lot) and it offers variable spreads from 1 pip for major currency pairs.
- Classic NDD: For this type of account is recommended to deposit a minimum capital of $1000. The minimum transaction size is $2 (0.01 lot) and it offers variable spreads from 0.5 pip for major currency pairs. It provides a better trading conditions for VIP customers.
- Pro STP Account: This is a type of trading account designed for professional traders which offers a ECN/STP execution. For this reason all trading orders go directly to the bank (one of the liquidity provider of this broker) for their execution. It charge a commission from $6 to $10 for each traded lot. Among other advantages this account offers a very fast order execution with a duration of just 0.4 seconds without re quotes. In this case the spread is not charged and the client only has to pay a fee for any traded lot. This account allows the use of any trading strategy, even those based on scalping and the use of any automated trading system (Experts Advisors). The recommended capital to start trading with this account is $3000.
Main Advantages of Forex4you
- It offers regular bonuses for real trading account opening and for trading activity.
- This broker offers offers Non Dealing Desk and Dealing Desk (Market Maker) accounts.
- Good costumer service.
- Free analysis reviews of the market.
- A lot of instruments for trading.
- Free technical analysis.
- Several options to deposit and withdrawal funds.
- This broker offers an interest rate on account balance.
- Extremely low minimum account size and trade amount.
- Forex4you allows the use of automated trading systems (Forex Autotrading) through the trading platform Metatrader 4.
- This broker allows trading strategies based on scalping.
- Forex4you regularly organizes trading contests (weekly and monthly) with cash prizes for cent accounts and classic accounts.
- This company offers a service of PAMM managed accounts.
- This company has implemented a social trading service called Share4you, which allows to copy and follows the trade of successful traders with years of experience in the market.
- It offers the possibility to make money by promoting the services of Forex4you through a Multilevel Forex affiliate program.
Main Offers of Forex4you
- The company offers a promotion that consist in a return of 25% of spread sum if the trader make a proper trading volume in their account. In other words, this broker pays to be an active trader.
Other Categories of this broker
- CFD Broker.
- Gold Broker.
- Silver Broker.
- Metatrader 4 Broker.
|Company||E-Global Trade & Finance Group, Inc.|
|Minimum account size||$1.00 for all trading accounts.|
|Minimum lot size||0.0001 lot.|
|Spreads||-For the Dealing Desk accounts the spreads are fixed and range from 2 pips for EUR/USD.-For the Non Dealing Desk accounts the spreads are variable and range from 0.3 pips for EUR/USD.|
|Demo account||Yes, with no limit of time.|
|Link to the website||Forex4you Website|