There are so many Brokers today that offer good trading services that it is difficult to choose one to trade, in this entry I bring you one of those Brokers in which you can trade Forex and CFDs, because it provides investment services of first quality, this Broker is called Forex4you, this company belongs to the corporation EGlobal Trade & Finance Group which is characterized by offering financial services to retail customers.
Like other Brokers the main objective of Forex4you is to offer the best trading service and they have a good company that supports that accompanied by the necessary regulations and authorizations, specifically is regulated by the financial services commission “FSC” based on “The Securities and Investment Business Act of 2010” and “SIBA” in the British Virgin Islands “IVB” with license number SIBA/L/12/1027.
The E-Global Trade corporation & Finance Group founded this Broker in 2007 and since then they have been providing high quality financial services to each and every one of their clients, they have been behind the fact of wanting to become the best Forex and CFD Broker, however the competition is a little tough although they focus on offering high quality in everything, from my point of view the best Broker is Markets and I even made an entry of the Best Forex Brokers of 2018 where you will find a Top 5 of the best platforms and of course first place that Broker, I invite you to see it.
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Forex4you Account Types
Committed to quality this Broker offers different types of accounts that adapt to the needs of each Trader, if you are going to trade with them then choose the one that best suits you, you must bear in mind that each and every account does not have a minimum deposit required, however it is recommended to deposit an amount equal to or greater than 100 dollars or the equivalent to that amount in EUR and this revolves around the type of account that is opened. Also remember that by the ESMA measures for residents of European countries the maximum leverage is restricted from 1:2 to 1:30 depending on the asset that is used to trade in any type of account.
Classic and Classic NDD Account
These account types are similar, what differentiates one from the other is that the Classic allows instant execution and the NDD has a market, the maximum leverage for both types of account is variable and ranges from 1:10 to 1:1000 depending on the amount of money invested.
The minimum lot for both types of accounts is 0.01 and the maximum is 200, the orders that can be executed simultaneously have a maximum of 500 and the margin call is 100% accompanied by a Stop Out level of 20%; for the Classic account the Stop would start from a spreads and for the NDD from 2 pips.
Each and every one of the operations that are carried out are stored in a personal history, for the Classic account only the last six months of operations are stored and for the NDD the registry of operations is from the moment the account was opened up to the present time no matter how many years pass. The Classic account has no lot commissions and the NDD has a commission of $8 per standard lot.
Account Cent and Cent NDD
Just like the two previous types of accounts these are similar and both share certain features with Classic accounts, however some things vary, the maximum leverage equally remains variable from 1:10 to 1:1000, the minimum lot is 0.01 and the maximum lot is 1,000 (800 more compared to Classic accounts).
The Stop Out level starts at 10% and the margin call is from 50% with a limit on Stop Out levels exactly equal to the Classic account, rest all other features are equal, it is recommended that the minimum deposit be equal to 200 dollars.
Pro STP Account
The Pro STP account is good for people who like to trade with speculations in the market without having requotes, the average execution speed is 0.22 seconds, spreads are variable and start at 0.0 pips, commissions for each lot are 10 dollars, the maximum leverage to be trading with option to make market speculations is reduced to 1:10 to 1:200.
The minimum lot for trading on this account is 0.01 and the maximum is 200, the maximum number of orders on the market is 500, the Stop Out level is 20% with a 100% margin call, as such this account is good for those Senior Traders who like to perform speculative trading on the Forex market.
Forex4you Trading Platforms
Forex4you trading platforms are reduced to one, so to speak, since they are all based on MT4, it does not have different platforms to the one mentioned above because everything runs on that basis. With Forex4you’s MetaTrader 4 you can execute orders instantly, quotes are updated quickly, automation scripts are available to automatically pilot certain trading functions, among other advantages within the market.
As I said this Broker bases all trading platforms on MT4, but to be more specific I will point out such platforms:
- MetaTrader 4 for computers with Windows, MAC and Linux operating systems.
- MT4 for iPhone and iPad.
- MT4 for Android.
All the mentioned platforms are 100% downloadable to be used in the devices where they can be executed, they cannot be used without downloading them, although there are online versions for not downloading such platforms, this Broker does not offer them but this does not remove the fact that Forex4you is an excellent financial entity to operate in Forex and CFD contracts.
How to deposit and withdraw funds from Forex4you?
Making deposits and withdrawals from Broker Forex4you is very easy, for this you can use the following payment methods:
- OCBC Bank.
- Bangkok Bank.
- Blueorange Bank.
- Novo Banco.
- Visa/Master Card credit or debit cards (for deposits only).