Is Forex4You Scam or Legit Broker?

Forex4You is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

About Forex4you
🗺️ Registered inBritish Virgin Islands
🗺️ Type of LicenseOffshore License
🛡️ Is Forex4you safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Forex4You?

Forex4You is an offshore Forex and CFD broker owned and operated by E-Global Trade & Finance Group, Inc., based in the British Virgin Islands. Forex4You has a license from the BVIFSA (British Virgin Islands Financial Services Commission). The website provides multiple offices of the company based in Latvia, Thailand, Malaysia, India, and Vietnam.

The main contact phone number is from the UK, although they do not mention having an office there and are not licensed to provide financial services in the UK.

Overall Forex4You Ranking 

After researching Forex4You we found multiple issues, mostly connected with safety and regulations, thus we do not rank positively Forex4You, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Forex4You Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

 

RankingForex4YouFP MarketsXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading conditionsEducation

Forex4You Alternative Brokers

Based on our finds and issues with the safety of Forex4You here are much better Alternatives to Forex4You with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

Forex4You Deposits & Withdrawals 

The broker offers various deposit and withdrawal options, including Bank Transfer, Credit/Debit Cards and e-wallets such as Skrill, Neteller, Webmoney. The broker operates withdrawals 24/7. However, as Forex4You is unregulated there is no strict guarantees on payment procedures. 

Forex4You Review Conclusion

We recommend avoiding trading with offshore regulated brokers and dealing only with brokers authorized and regulated by reliable regulators, such as UK’s Financial Conduct Authority (FCA), and checking the list of the FCA-regulated entities. Sign in with reliable brokers such as BlackBull MarketsGT Global, FBS. 

  • Overall ranking and experience for Forex4You is Negative

Forex4You Update

Based on our research, Forex4You is curently available only in Russian and might be not suitable for traders from other countries. 

No news available.

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