Reason to avoid: Offshore license
Listed Date: July 29, 2018
Top 3 Regulated Forex Brokers
- Company name: E-Global Trade & Finance Group, Inc.
- Registration/license: British Virgin Islands
- Registration/license requirement: USD 2,000
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 UK, although they do not mention having an office there and are not licensed to provide financial services in UK. We recommend to avoid trading with offshore regulated brokers and to deal with the brokers, authorized and regulated by reliable regulators, such as UK’s Financial Conduct Authority (FCA), and to check the list of the FCA regulated entities to ensure they are.