How to open an account with Forex4you?
Becoming a Forex4you customer is easy, here is the full tutorial on how to open an account and verify with Forex4you。
Founded in 2007, Forex4you is a foreign exchange brokerage company that provides online trading services to global traders. Their biggest advantage is that they are always committed to developing new and innovative technologies to improve customer satisfaction。As a result, the broker currently has more than 2.5 million registered trading accounts and has executed more than 1.2 billion trades.。
Forex4you, which has been offering its services since 2007 and has the most flexible trading conditions, is headquartered in the British Virgin Islands and is currently regulated by the British Virgin Islands Financial Services Commission (BVIFSC), the local financial regulator.。
After opening an account with Forex4you, due to the relatively loose policy of BVIFSC, traders can choose leverage up to 1: 1000。Of the 4 available accounts, two use instant execution (Cent and Classic) and the remaining two require market execution (Cent NDD and Pro STP)。Traders who choose an instant execution account do not need to pay a trading commission, but the spread (minimum) is 2 points。On the other hand, the market execution account type can provide 0.Floating spreads from 1 point, but commissions from $8 per lot。
Forex4you does not offer no overnight interest feature and is not Sharia compliant。However, the broker offers an alternative to platform trading, so if traders feel restricted by MetaTrader 4, they can try to trade on another platform with a new interface, available on WebTrader and mobile applications。
Forex4you also highlights its own social trading platform, Share4you, which allows all traders to trade as leaders or followers.。The two sides are mutually beneficial, the master can get additional fees from the followers, and the followers can copy the transaction, making the transaction easier and more reliable, because the trading signals come from more experienced traders。
In addition to innovations in trading platforms and social trading facilities, Forex4you is also quite transparent in terms of forex currency pair liquidity providers, but there are no dedicated pages introducing contract specifications for other categories of assets.。
Forex4you has very limited payment methods, only bank transfer, Neteller, Skrill, WebMoney and credit cards (Visa and Mastercard), with more than one million accounts worldwide。
What sets it apart is the Residual Cent account, which allows traders to trade at contract sizes as low as 1,000 units per lot.。This ultra-small trading volume often eludes traders who want to trade with minimal risk in a real account.。However, as retail traders seem keen to take on more risk, the number of brokers offering the cent function is dwindling。However, Forex4you still offers cent accounts, and there are two types, so beginners can choose whether the spread is higher than the commission。
All in all, if you want flexible trading conditions and have an advanced social trading platform, Forex4you is one of your preferred forex brokers。In addition, the Remaining Cents account even offers an interesting option for experienced traders looking for an alternate account to try out new strategies.。However, since the company is incorporated in an offshore jurisdiction, the use of the account for large capital transactions is not strongly recommended.。
Forex4you account opening steps
Log in to the Forex4you official website and click "Open Account"。
Fill in the registration form with your personal information such as mobile phone number, full name and email。Don't forget to set a password for your account and make sure the password meets all requirements。When finished, click "Confirm and Continue"。You will receive a text message with an account verification code。Enter the verification code and click "Confirm and Continue"。Congratulations, your Forex4you account has been created! The next step is to verify your account in order to take full advantage of the broker's services。
Forex4you Account Verification
As mentioned above, you must complete the account verification process to enjoy the full benefits of Forex4you. Each new user needs to upload two types of files:
Proof of Identity
To verify your identity, you can upload one of the following file types:
Passport Voter License Driver License National Electronic Identity Card Digital NIN Sheet NIN Sheet with Affidavit (Print) Digital Identity Card (Print and Electronic)
The document must be valid and valid for more than one month at the time of verification, and all information must be clearly visible and the document must not be damaged。You can choose to upload a color photo or color scan of the document, please note that it must be both sides, and the corners cannot be cropped。
Proof of Address
To verify your address, you can upload one of the following file types:
Public utility bill Bank statement ID card without affidavit (print) Voter's license Driver's license
The document must be valid and not older than 3 months at the time of validation。The name and address in the document must be the same as the name and address in the registration data.。If the ID is valid and contains an address, it can be used for both identity and address verification。
Account verification steps
Just open the trading room and click on the banner at the top of the screen to upload the file。Enter your personal information and click "Upload File" to proceed to the next step。Upload the file you prepared。All requirements will be displayed on the screen, please make sure your documents meet the requirements。Then, wait for the broker to approve your file。
A few moments after completion, Forex4you will send an email to your registered email address。
Conclusion
Forex4you is an ideal broker for beginners and professional traders, offering a wide range of convenient tools and innovative technologies to further enhance the trading experience for your clients.。For example, you can choose multiple account types and trade according to your ability。You can also try their copy trading service Share4you, which is popular among traders today。
Forex4you is a forex and CFD broker with more than 15 years of industry experience driving change in the global online trading industry - increasing transparency and making trading truly accessible to everyone through instant market execution, multiple trading platforms, free market analysis, and multiple account types。
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