Forex4You is a Forex broker that has focused heavily on newcomers – even more than eToro. Forex4You tried to make the Forex market accessible to even the smallest and poorest traders in the world, and achieved this with different settings and micro pips. This approach is very welcome because it allows forex with real money and minimum risk to learn. You can open a Forex4You “cent” account. With a deposit of $ 20 (2,000 cents) you can trade as if you had two thousand dollars, but risk only a hundredth of the total amount. This is a very big advantage for forex beginners and novices.
Forex4You is unfortunately not regulated and that’s probably the only weak point we can find in our review. However, there have been no problems with Forex4You and both deposits and withdrawals always worked perfectly. Forex4You works with a fixed spread of 2
Forex4You works completely with MetaTrader 4 and 5. Some Forex traders experience slow connections when using MetaTrader 4 with Forex4You. We cannot confirm this, but would like to point out that for some traders a relatively slow trade is possible. This is not that hard for Forex beginners because there’s no need of super fast trades.
You can determine the bonus yourself. Between 5 and 25% of the deposit amount, anything is possible. Depending on how high you want your bonus.
Forex4You deposit options
At Forex4You you have the following deposit and withdrawal options: Visa, Master Card, Liberty Reserve, Moneybookers, WebMoney, Wire Transfer.
Forex4You Trading Figures
Minimum: 0.0001 lots
Leverage up to 1:500
Commodities: Oil, Gold
Number of currency pairs: 53
Minimum balance: $ 1
Spread: 2 pips (EUR / USD)
Forex4You is certainly one of the best forex brokers for beginners. As a beginner you can start with minimal risk with using the Forex4You micro pips. The support, payment options and additional options (raw materials, CFD, etc.), are all arguments for registering at Forex4You.
|+ Supports Metarader 4 (MT4)
|– Not regulated
|+ Perfect FX broker for beginners
|+ Low and fixed spreads