When diving into the world of forex trading, one of the most crucial decisions you’ll make is selecting the right broker. Two names that frequently come up in discussions are Forex4you and FXTRADING.com. Both brokers have built a solid reputation in the industry, but which one is better for you? In this article, we’ll compare the two across key areas like regulations, account types, trading platforms, fees, and customer support to help you make an informed decision.
This table provides a quick overview of the differences between the two brokers.
| Feature | Forex4you | FXTRADING.com |
|---|---|---|
| Founded | 2007 | 2014 |
| Regulation | FSC (British Virgin Islands) | ASIC (Australia), VFSC (Vanuatu) |
| Account Types | Cent, Classic, Pro STP | Standard, Pro |
| Max Leverage | Up to 1:2000 | Up to 1:500 |
| Trading Platforms | MetaTrader 4, Forex4you Platform | MetaTrader 4, MetaTrader 5 |
| Commissions | None on Cent and Classic accounts | Commission on Pro Account ($3.5/lot) |
| Spread | Wider on commission-free accounts | Tight on Pro Account, wider on Standard |
| Social Trading | Share4you (copy trading) | Not available |
| VPS Hosting | Not available | Available for automated trading |
| Customer Support | 24/5 via chat, email, phone | 24/5 via chat, email, phone |
Company Background and Regulations
Forex4you:
Founded in 2007, Forex4you has been around for over a decade, steadily growing its user base. It is owned by E-Global Trade & Finance Group, Inc., and is regulated by the Financial Services Commission (FSC) of the British Virgin Islands. Although it is not regulated by top-tier regulators like the FCA or ASIC, it still adheres to industry-standard practices and maintains transparent operations.
FXTRADING.com:
FXTRADING.com is a newer broker, established in 2014, but it quickly gained popularity in the trading world. It is regulated by the Australian Securities and Investments Commission (ASIC), which is widely considered one of the most stringent financial regulators globally. FXTRADING.com also holds a regulatory license from the Vanuatu Financial Services Commission (VFSC), further enhancing its credibility.
Verdict:
If regulation and security are your top priorities, FXTRADING.com has a slight edge due to its ASIC regulation, which is highly respected in the forex world. However, Forex4you is still a safe option, particularly for traders focused on offshore brokers.
2. Account Types and Trading Conditions
Forex4you:
Forex4you offers a wide range of account types tailored to different types of traders, from beginners to professionals. The main account types include:
- Cent Account: Ideal for beginners with very small deposits, allowing you to trade in cents.
- Classic Account: Suitable for traders looking for standard trading conditions.
- Pro STP Account: Designed for experienced traders who prefer tighter spreads and faster execution.
FXTRADING.com:
FXTRADING.com also provides multiple account options, but with a focus on simplicity and professional trading conditions. Their main accounts include:
- Standard Account: This account has a commission-free structure with slightly higher spreads.
- Pro Account: Offers tighter spreads with a small commission per trade, making it ideal for experienced traders.
Both brokers offer competitive leverage options, but Forex4you stands out for offering leverage up to 1:2000, which is significantly higher than FXTRADING.com’s 1:500.
Verdict:
For beginners or traders looking for a low-risk start, Forex4you’s Cent Account is an attractive option. On the other hand, if you’re a professional trader looking for tighter spreads and faster execution, FXTRADING.com might be more appealing.
3. Trading Platforms
Forex4you:
Forex4you offers both the popular MetaTrader 4 (MT4) platform and its proprietary Forex4you web-based platform. MT4 is a preferred choice for many traders due to its advanced charting tools, ease of use, and the ability to run automated trading strategies through Expert Advisors (EAs). The Forex4you platform, while not as widely known, provides a user-friendly interface with essential features.
FXTRADING.com:
FXTRADING.com offers both MetaTrader 4 and MetaTrader 5 (MT5), which is an upgraded version of MT4 with additional features like more timeframes, an economic calendar, and improved order management. Traders looking for more advanced tools and multi-asset trading might appreciate the flexibility that MT5 brings to the table.
Verdict:
Both brokers provide MT4, but FXTRADING.com gains an advantage by offering MT5, which is ideal for traders who want access to more advanced features and multi-asset trading. If you’re satisfied with MT4 or a simple trading platform, Forex4you will meet your needs.
4. Fees and Commissions
Forex4you:
Forex4you has a competitive fee structure, especially for its Cent and Classic accounts. There are no commissions for these accounts, but spreads are slightly wider. For Pro STP accounts, spreads are tighter, and there is a small commission per trade.
FXTRADING.com:
FXTRADING.com’s Standard Account offers commission-free trading, but the spreads are wider. For traders using the Pro Account, the spreads are tighter, but there is a commission of $3.5 per lot. Overall, their fees are in line with industry standards, and professional traders might find the lower spreads attractive despite the commission fees.
Verdict:
Both brokers have transparent fee structures, but Forex4you is more beginner-friendly with no commissions on many accounts. FXTRADING.com is better for professional traders who are comfortable with paying commissions for tighter spreads.
5. Customer Support
Forex4you:
Forex4you offers 24/5 customer support through live chat, email, and phone. The broker is known for its prompt responses and helpful support team. The website is available in multiple languages, which is a plus for non-English-speaking traders.
FXTRADING.com:
FXTRADING.com also offers 24/5 customer support through live chat, email, and phone. The broker prides itself on delivering quick and professional assistance to traders. While the website and support are mostly in English, they do provide support in other languages upon request.
Verdict:
Both brokers offer solid customer support, but Forex4you may have a slight advantage if you’re looking for multilingual support.
6. Additional Features
Forex4you:
One standout feature of Forex4you is its Share4you social trading platform, where you can follow and copy the trades of successful traders. This is an excellent tool for beginners or traders who prefer a more hands-off approach.
FXTRADING.com:
FXTRADING.com offers VPS hosting for traders using automated strategies, ensuring that Expert Advisors (EAs) run without interruption. This can be a crucial feature for serious traders who rely on algorithmic trading.
Verdict:
For those interested in social trading, Forex4you provides a unique advantage with its Share4you platform. For traders focused on automated strategies, FXTRADING.com’s VPS hosting might be more attractive.
Conclusion
Both Forex4you and FXTRADING.com are reputable brokers, but they cater to slightly different types of traders. Forex4you is excellent for beginners, thanks to its Cent Account, social trading feature, and simple platform. On the other hand, FXTRADING.com is a great choice for professional traders, especially those who require advanced trading tools, lower spreads, and algorithmic trading options.
Ultimately, your choice between Forex4you and FXTRADING.com depends on your trading experience and what features are most important to you. Both brokers are reliable, but understanding your own trading style and needs will help you make the best decision.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.