Forex4you — scam or reliable forex broker? Full breakdown (2025)

Forex4you is an international offshore forex broker operating since 2007. It stands out with no minimum deposit, its own social trading service Share4you, and more than 1.5 million registered accounts worldwide. But is Forex4you a scam or a trustworthy broker? In this review, we examine the company’s terms, licensing, and trader feedback to answer that question.

Key facts about Forex4you: the broker is incorporated in the British Virgin Islands and holds a BVI FSC license (offshore regulator). Over 17+ years it has opened 2.9M+ trading accounts and attracted 52K+ partners globally. In 2013 the company launched Share4you, a copy‑trading service that lets newcomers automatically mirror trades of experienced leaders. Forex4you sets no entry threshold — you can start with as little as $1. Officially, the broker offers 150+ instruments (FX pairs, stocks, indices, commodities) and leverage up to 1:4000. The company undergoes annual Big Four audits (KPMG), states full segregation of client funds, and mentions Lloyd’s insurance. Below we cover everything — from account types and spreads to client reviews.

• Extremely low entry barrier. No set minimum deposit — you can start with any amount; cent accounts are available for practice.
• Broad platform choice. MetaTrader 4/5, a web terminal, and the Forex4you mobile app — convenient for trading from any device.
• Share4you social trading. A built‑in copy‑trading service that lets newcomers mirror the trades of experienced leaders.
• Fast 24/7 withdrawals. Requests are processed promptly; many clients receive e‑wallet payouts within hours; popular payment methods supported.

• Offshore regulation. Licensed offshore (BVI) with no EU/US approvals, which reduces appeal to larger, risk‑averse investors.
• Limited asset list. Compared to rivals, the stock list — and especially crypto — is modest (crypto either absent or limited to a few major coins).
• Basic education. The broker’s training content is not extensive; beginners may want more webinars and structured courses.
• Mixed support reviews. Some traders report slow handling of complex cases, though support is available 24/7 in multiple languages.

Broker regulation and reliability

Licenses and registration.

Forex4you is operated by E-Global Trade & Finance Group, Inc., registered in the British Virgin Islands. The broker is authorized and regulated by the BVI FSC (Financial Services Commission BVI) under license SIBA/L/12/1027. The company also has an entity in the offshore jurisdiction of Saint Vincent and the Grenadines (SVGFSA). Previously Forex4you was licensed in Belarus (via the National Bank) and was among the first 32 companies to obtain a local license. However, in September 2024 the broker closed its Minsk office and exited Belarus due to declining activity there. Clients from the USA, Canada, the EU, Japan, and Australia are not accepted (no licenses in those regions). In short, the company’s regulatory status is offshore without oversight by top‑tier regulators such as the FCA or CySEC. This does not automatically make Forex4you a scam, but large balances carry higher risk than with EU‑licensed brokers.

Client fund safety.

The broker states it follows high financial stability standards. First, Forex4you publishes annual reports with limited assurance by KPMG, an independent Big Four auditor. According to the 2022 report, the company had 117,032 active client accounts; total client balances reached $64.87M, and the largest account held over $11M. Regular audits add transparency — not every offshore broker discloses such data. Second, Forex4you declares full segregation of client funds — traders’ money is kept separate from the company’s own funds at several banks. That means client money is not mixed with operating funds and, in a hypothetical insolvency, should be protected. Third, negative balance protection is in place: traders cannot lose more than they deposit. For example, on sharp moves the broker will automatically close positions to prevent the balance going negative. Finally, Forex4you says it works only with major regulated liquidity providers in Europe to support fair execution.

Despite these measures, overall reliability is best described as medium. BrokerNotes gives it 6.8/10 and flags High Risk due to the lack of Tier‑1/2 licenses. Analysts advise against keeping very large sums at Forex4you beyond potential coverage. BrokerChooser likewise notes that the broker trails market leaders on jurisdictional strength and oversight. At the same time, the firm has operated for over 18 years without major scandals, which indirectly supports its soundness. Balanced takeaway: exercise caution with large investments; for small trading and learning, Forex4you is acceptable from a safety standpoint.

Geographic reach.

Forex4you is an international broker focused primarily on Asia and the CIS. The head office is registered in the BVI, with entities in Saint Vincent and, until recently, Belarus. Service offices and reps have operated in Russia, Malaysia, India, Vietnam, Thailand, and other growth markets. European and US traders are not accepted (per the Terms of Service). The core client base is in Southeast Asia, the Middle East, India, and Russian‑speaking countries. The broker highlights 2M+ clients worldwide and multilingual 24/7 support, letting traders get help in their language at any time. This global expansion without an EU/US footprint reflects a focus on regions with less stringent broker rules but strong demand.

Forex4you account types

Forex4you offers several account types tailored to different experience levels:

• Cent Account. Ideal for beginners who want to trade micro‑lots with minimal risk. Balances are shown in cents (1 dollar = 100¢); 1 lot equals 1,000 units of the base currency. Tiny positions from 0.01 lot are available, which is just 0.0001 of a standard lot. There is no minimum deposit — you can start from $1. Leverage on the cent account reaches 1:1000 (and for some instruments up to 1:4000), which can accelerate small deposits but also raises risk. Spreads are fixed or moderately floating — typically around 1.5–2 pips on EUR/USD. For standard (non‑ECN) accounts Forex4you states spreads from 2 pips. Orders are filled by Market Execution, i.e., at the best available price without requotes. Cent accounts are designed for learning, strategy testing, and getting used to the platform with real money but tiny amounts. In practice, cent accounts help beginners build discipline: you feel real trading while mistakes cost pennies.
• Classic Account. A standard USD account aimed at traders with some experience. Balances and trading are in normal dollars; 1 lot equals 100,000 of the base currency. A recommended deposit is from ~$100 to handle drawdowns comfortably. Forex4you offers two Classic variants: Classic Standard and Classic Pro. Both now use market execution (in the past, Classic Standard could be instant). Classic Standard has zero commission with spreads from ~0.9 pip. The spread is floating, slightly wider than on PRO accounts because broker revenue is embedded in the spread. It suits a wide audience who prefer no explicit commission and trade swing/position rather than chasing ultra‑tight spreads. Classic Pro caters to more advanced users: spreads from 0.1 pip, but a commission is charged per lot. The commission is $7 per 1 standard lot (round turn), i.e., about $3.5 to enter and $3.5 to exit. On larger volumes this often works out cheaper, since total costs (spread + commission) are lower. Leverage on Classic can be up to 1:1000 (automatically reduced as account size grows). Classic accounts provide access to the full range: 50+ FX pairs (majors, minors, exotics), main indices, about 50 leading stocks, and commodities. Compared to cent, Classic suits those ready to operate with at least a hundred dollars and want the full market experience.
• Professional Pro STP (ECN). For experienced traders and scalpers, Forex4you offers Pro STP, which aligns with the newer Classic Pro. It is effectively an ECN‑style account routed to interbank liquidity (via the broker’s aggregator). Key benefits — minimal spreads (from ~0.1 pip on majors) and very fast execution (from ~0.1 s). Orders are processed with NDD (No Dealing Desk): no manual dealing, routing to liquidity providers instead. No requotes; slippage can be positive or negative depending on market conditions. Commission on Pro is around $7 per lot (may vary slightly, e.g., $8). Maximum leverage is 1:200–1:500 depending on asset (FX up to 1:500, lower on stock CFDs). Pro STP is designed for larger volumes, scalping, and algorithmic strategies where every pip matters. There are no minimum holding‑time restrictions — positions may be closed seconds after opening, which is key for high‑frequency styles. All strategies are allowed: hedging (locking), news trading, and EAs/algos — no penalties for “unwelcome” tactics. Many regulated brokers restrict scalpers; offshore firms like this tend to allow more freedom.

Swap‑free and demo accounts.

For clients in regions where interest is prohibited (Islamic markets), Forex4you offers Swap‑free accounts. This mode is available on selected account types (e.g., Cent or Classic Standard): overnight swaps are not charged; instead, a fixed rollover fee is applied after two days, which is not tied to interest rates — meeting Sharia requirements. The “Islamic account” option is enabled on request via support. The broker also provides free demo accounts on MT4 or MT5. Demos are not time‑limited (they remain active while in use) and let beginners practice with no risk. A sensible approach is to trade on demo for a month or two before going live. Forex4you supports that — registration takes a couple of minutes, you receive virtual funds, and can practice, learn the terminal, and test strategies.

Trading conditions: spreads, fees and execution

Spreads and commissions.

Your trading costs depend on the account type. On standard (Cent/Classic Standard) accounts there is no per‑trade commission — the broker earns via the spread. Fixed spreads on popular pairs (EUR/USD, GBP/USD) are usually ~2 pips on Cent and ~2–2.5 pips on Classic Standard in calm markets. On floating‑spread accounts, quotes can be tighter: real floating spread on EUR/USD often ~1–1.2 pips. On Pro STP, spreads are minimal — from 0.1–0.2 pip on EUR/USD, close to interbank levels. A commission of about $7 per lot (0.07% of notional) applies. In pip terms, at 1 lot EUR/USD, $7 equals ~0.7 pip; add a 0.2‑pip spread and the all‑in cost is ~0.9 pip — still cheaper than ~2 pips on Standard. Swaps (overnight funding) follow market rates and are listed instrument‑by‑instrument on the site. For example, EUR/USD might be around −$6/lot/day on sells and +$1 on buys (illustrative). On Swap‑free accounts, swaps aren’t charged; a periodic fee is applied instead. A plus — no hidden fees: there’s no inactivity fee and no account maintenance charge. Just watch payment‑processor fees on withdrawals (covered below).

Leverage and margin requirements.

Forex4you advertises one of the highest maximum leverages — up to 1:4000. That level is available on Cent and Classic for small balances and FX only. For instance, on a Cent account with $10 you can select 1:1000 or 1:2000. Leverage of 1:4000 is typically promotional or granted to a limited set of clients with very small balances — treat it as a marketing peak. On Pro STP, leverage is capped at 1:500, and as equity grows beyond certain thresholds (e.g., >$20k) it may drop to 1:200 or lower under risk policies. Typical margin levels: Margin Call at ~50%, Stop Out at ~20% on Classic (Cent can be 50%/10%). That means at 50% margin you get a warning; at 20% the broker starts force‑closing losing positions. Negative balance protection ensures the account won’t go below zero at Stop Out — any negative residual is zeroed by the broker. Overall, leverage and margin settings are flexible; clients can adjust leverage from 1:1 up to the maximum to fit their risk management.

Order execution and allowed strategies.

Forex4you uses two execution modes: instant execution on older fixed‑spread accounts (rare today) and Market Execution on current accounts. Market Execution fills at the best available price without requotes, though the fill can differ slightly from the requested price (slippage). Trader feedback cites quick execution: ~0.1–0.5 seconds — essentially instant for retail. The broker says it uses a liquidity aggregator with multiple providers, which helps with speed and fill probability. Scalping is fully allowed. The minimum holding time is just 1 second, after which a position can be closed. There is no ban on “locking” (hedging): you can hold long and short in the same symbol. Any EAs and algos are permitted in MetaTrader — the broker does not police your tactics. Unlike some old‑school dealing desks, Forex4you has no rules like “no closes before 2 minutes” or “no news trading.” This is a big plus for active traders: you can trade around news spikes, use high‑frequency algos, grid systems, etc. If you scalp heavily with high leverage, the broker may move you to a professional, commission‑based plan — not to block your strategy but to align pricing.

Platforms and instruments

Trading platforms.

Forex4you clients can choose from several platforms:

• MetaTrader 4 (MT4). The classic forex terminal known to most traders. MT4 offers a simple interface, thousands of indicators and Expert Advisors, and extensive customization/automation. Forex4you provides MT4 for Windows plus mobile MT4 for Android/iOS. Many traders stick with MT4 for its reliability and vast community. All Forex4you account types are available via MT4.
• MetaTrader 5 (MT5). The newer terminal from MetaQuotes. MT5 adds more timeframes, an extended market toolkit (calendar, Depth of Market), multi‑asset trading including stocks, and an improved strategy tester. If you plan to trade stock CFDs or a wide set of assets, MT5 can be convenient. Forex4you supports MT5 on similar terms to MT4 — you pick the platform when opening an account. Note: some MT4 EAs don’t work on MT5, so veterans often stay on MT4. The choice is personal, and the broker lets you use both.
• Forex4you WebTrader. For those who prefer not to install software, Forex4you built a browser‑based terminal. It opens in your browser and lets you trade from any computer. Core functions are available: charts, technical analysis, order management. The interface is intuitive — if you’ve used other web terminals, you’ll adapt quickly. A notable perk is integration with Share4you: you can browse leaders and subscribe right from the web cabinet. WebTrader is handy when you need quick access from a different device — e.g., to close a trade without your own PC.
• Forex4you mobile app. A proprietary iOS/Android app combining trading and account management. You can open/close trades, track quotes, and view charts with a set of indicators. The app includes an economic calendar, a news feed, and push alerts. Funding and withdrawals are available inside the app, effectively giving you a full trader’s cabinet on your phone. User reviews note a clean design and stable operation. Over time it has become a capable alternative to MetaTrader for on‑the‑go trading, and you can even copy Share4you leaders from the app.

MT4 vs. MT5 for Forex4you clients.

Beginners often ask whether to choose MT4 or MT5. There is no single right answer: MT4 remains the forex workhorse. At Forex4you, MT4 offers all core instruments: ~50 FX pairs, metals, oil, indices, and stock CFDs (via a plugin). MT5 brings a better DOM and volume handling, useful for scalpers, and scales well with many instruments and simultaneous accounts. If you plan to use Share4you copy trading, the platform choice matters less — copying is server‑side; you can monitor via web or MT4. Forex4you gives you freedom to mix both: you can even run MT4 and MT5 accounts in parallel. If you already rely on MT4‑only indicators/EAs, staying on MT4 is fine. If you’re new or want extended analysis tools, try MT5.

Additional tools.

Forex4you terminals (especially the proprietary one and MT4) integrate helpful services:

• Autochartist. Automated pattern recognition for technical analysis. Forex4you provides Autochartist free — in the client area or as an MT4 plugin. It scans markets 24/7 and alerts when patterns (e.g., triangles, head‑and‑shoulders) or key levels form. Useful to help beginners avoid missing setups.
• Signals and research. The site hosts daily market overviews, news, and trade ideas. Forex4you also partners with Trading Central. In MetaTrader, clients can receive Trading Central signals and Dow Jones news. These resources aid situational awareness, especially for newer traders.
• MarketPlace and more. The web cabinet includes a marketplace‑style view of Share4you leaders. You’ll also find partner offers, bonus promos, and other services. The broker runs trader and partner contests from time to time — details are shown in the cabinet. These extras make the ecosystem feel more complete.

Services: copy trading and investing

Share4you — social trading platform.

This is Forex4you’s flagship service launched in 2013. How it works: experienced traders register as Leaders and link a live trading account to Share4you. They keep trading normally, and their trades are broadcast into the Share4you system. Newcomers or investors sign up as Subscribers and choose one or more leaders from the rankings. When a leader opens a trade, an analogous position opens on subscribers’ accounts (proportional to balance or a chosen factor). That way, even without experience, a client can mirror profitable traders and potentially earn by following them. Leaders are paid for copied lots. The leader sets the fee — for example, $4 or $8 per lot. The fee is paid by the broker from spread or via an extra subscriber commission (depending on plan). In short, Share4you is classic copy trading that makes trading more accessible.

How to join Share4you?

If you already have a Forex4you account, connecting is simple: log in to your Client Cabinet and open Share4you. You can enroll as a leader (you’ll need own funds and a positive track record) or find leaders to copy. The ranking has filters: sort by return, risk level, subscriber count, account age, etc. Each leader has a public stats page — equity curve, max drawdown, trade list. As a subscriber, you analyze this and decide whom to copy. Activation is one click; all new leader trades will be mirrored on your account. In settings you can choose the copy ratio (e.g., 100% of leader volume or less if your capital is smaller). The process is transparent: you always see what’s being copied and the leader’s fee. You can disconnect any day. Share4you enables passive investing under traders’ strategies without transferring your funds to them.

PAMM and other investing.

Forex4you previously offered classic PAMM accounts where investors pooled funds with a manager. Today the company focuses on Share4you and has discontinued PAMM. In the current setup there is no separate PAMM product — social trading runs via copying. On the plus side, that simplifies life for investors (no complex PAMM allocations; funds remain in your own account). Some may miss the profit‑share PAMM model, but Share4you is flexible enough to bridge that gap by matching investors and traders. Beyond copy trading, Forex4you offers partner programs (see below) as a non‑trading way to earn — e.g., become an IB and get paid on referred clients’ volume.

Deposits and withdrawals

Funding methods.

Forex4you supports a wide range of deposit options to fit regional preferences. Visa/Mastercard, bank wire (SWIFT), e‑wallets, and even crypto are available. Among e‑wallets: Skrill, Neteller, WebMoney, QIWI, YooMoney, FasaPay, Perfect Money, etc. For example, WebMoney or Skrill deposits are instant; minimum $1; broker fee 0%. Cards typically have a $10–20 minimum; funds credit instantly or within an hour; broker fee 0% (your bank may take ~2.5%). Local payment rails are available in certain regions: local banks in SE Asia, online banking in India, and regional services in Latin America. The cabinet shows the full list for your country. All payments are protected (SSL); the account currency is usually USD; other currencies are converted at system rates. With no formal minimum deposit — even $1 — the broker is appealing to beginners.

Withdrawal speed and fees.

Withdrawals are a strong point. The broker positions itself as offering 24/7 payouts, and this is largely accurate. The site shows an average processing time of 27 minutes. This mainly applies to e‑wallets: many clients receive Skrill/Neteller funds within an hour, even at night or on weekends. Forex4you has automated withdrawals for several methods, minimizing manual handling. Bank cards and wires take longer — usually 1–3 business days, depending on bank processing. In practice, VISA cards may see ~4–5 days. Minimums vary by method: from $1 on WebMoney/Skrill, from $20 to cards, from $100 by bank wire. The broker doesn’t charge internal withdrawal fees except in abuse scenarios (e.g., no trading activity). Payment systems may charge: cards ~2.5% + $2.5, WebMoney 0.8%, Skrill ~1%, Neteller 2% (often capped). Factor these in: withdrawing $100 to WebMoney might net ~$99.2; $1,000 to a card could cost ~$27.5. Many traders pick e‑wallets or crypto (where available) to reduce costs.

Policy and conditions.

Forex4you processes withdrawals around the clock, seven days a week — a notable edge over brokers who pay out only on business days. Traders report that even weekend requests usually complete within a day. Standard rules apply: withdrawals typically go back to the original funding source. If you deposited via Skrill, you withdraw to Skrill (up to the funded amount). This is standard AML practice. Identity verification is required before the first payout — upload documents online; typical KYC review takes 2–24 hours. To enable a new withdrawal method, make a small deposit from it first; for a new card, a minimal top‑up is often required, and withdrawals become available after ~30 days. While not always convenient, these steps protect your funds. Overall, Forex4you has a strong reputation for timely payouts when rules are followed.

No minimum deposit.

One more highlight: you can start at Forex4you with any amount — even $1. Many competitors set a bar: for example, FxPro from $100, AMarkets from $100, RoboForex from $10. At Forex4you the formal minimum is $0. Of course, you can’t trade with zero balance, but the lack of a barrier lets newcomers experiment without fear. You can deposit $5–10 to experience real trading — something you can’t do at brokers with $500 minimums. For hesitant beginners, this low entry point is a clear advantage.

Broker bonuses and promotions

Deposit bonuses.

Forex4you periodically runs promotions with deposit bonuses. At the time of writing there is a 100% welcome bonus — the first deposit is doubled. For example, deposit $100 and see $200 on balance ($100 own funds + $100 bonus). Bonus funds are not withdrawable immediately; you must meet a trading volume requirement. Typical industry terms apply at Forex4you — e.g., around 1 traded lot per $1 bonus (figures vary). The welcome bonus is one‑time and usually capped (e.g., up to $500). The broker also runs recurring 5–25% top‑up bonuses — sometimes on the first 2–3 deposits. Campaigns change, so check “Promotions” on the official site for the latest. Taking a bonus is optional: if you dislike turnover rules, simply skip it. Many newcomers appreciate the extra buffer; just read the rules carefully (bonuses may be removed on withdrawals or deep drawdowns).

Cashback and rewards.

There is a loyalty program returning part of your trading costs. Under Cashback/Rebates or Prime‑style rewards, the broker pays daily credits based on monthly volume. E.g., 10 lots/month — $10 back; 50 lots — $50 back (illustrative). The idea is to reduce your net spread/commission via refunds. Some promos have offered up to 40% spread cashback. Rewards are credited daily to the trading account and can be withdrawn or reused. Active traders thus see lower all‑in costs — a competitive plus.

Referral program (Invite a Friend).

Alongside the professional IB offering (below), there is a simple client referral scheme. Invite a friend with your link and, after verification and a small trading threshold (e.g., 1–3 lots), you receive a fixed reward — for instance, $50 per referred trader. Sometimes the reward is split (part on signup, the rest after trading). Spam and misleading advertising are prohibited, but if you have real prospects, both you and the friend can benefit. Get your referral link/code in the cabinet and share it. Often the newcomer also gets a welcome perk, making it win‑win. With a wide network, referral income can become meaningful.

Igor Lementov - Financial Expert and Analyst at Trading-Today.net