- What’s the minimum investment?
There are no minimum capital requirements at Forex4you – all traders are welcome! Since Forex4you offers cent accounts as well – it’s possible to start live trading even with 2-3 USD.
- How many orders do I have to open monthly?
It’s up to you – open as many as your trading strategy requires!
- Why cannot I trade on weekend?
All markets worldwide are closed on Saturday and Sunday.
- How do I withdraw funds?
It’s very simple – log in to Trader Room, click “Withdraw funds”, enter amount that doesn’t exceed your balance available. All withdrawals are processed within 24 hours.
- Is your company regulated?
On 5th day of September 2012 our company operating as Forex broker has acquired a license from FSC in BVI – a governmental body regulating all BVI companies operating in financial markets.
Certificate #: SIBA/L/12/1027
Category 1B. Dealing in Investments as Principal
Category 2. Arranging Deals in Investments
Please note that we do not provide services to US, UK, Singapore and Japan residents.
- Where is your Head office located?
The company is registered on British Virgin Islands under the 1384287 number in accordance with the Companies Act (Chapter 285) and International Business Companies Act (Chapter 291). Company’s head office is located at First Floor, Mandar House, Johnson’s Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands
- What are Forex Market timings?
Forex is open 24 hours a day 5 days a week starting from 0:00 GMT+2 on Monday until 22:00 GMT+2 on Friday. For more details regarding trading sessions see “Forex market hours” page.
- How much can I earn in Forex trading?
Potential profits depend on one’s trading skills and risk management techniques and cannot be guaranteed in advance.
- Do you provide any tips?
Trading strategy is entirely trader’s own responsibility, therefore we do not provide any tips. However before you start trading on the Forex market we suggest you get acquainted with the process using a demo account. This will help you understand the basics of Forex trading and allow you to develop your own strategies as the demo account has the same functions as the real account, but does not require money investments.
- Do you provide training in Forex trading?
Currently we do not offer any training materials or courses, however you are welcome to use a demo account available through the trading terminal which you may download from our website.
- Do you offer any welcome bonus or special offers going on?
For current bonus, contests and other special offers please visit the “Clients” section of the main page.
- What is the commission or brokerage fees you charge?
As a general rule, Forex brokers don’t charge brokerage fees but use “spreads” (difference between buy and sell prices) instead. Commission may be applicable for NDD accounts. List of our spreads and commissions is available on conditions page.
- What is the leverage you offer?
We offer 3 levels of leverage (1:10, 1:100 and 1:500) for all account types and trade instruments available at Forex4you.
- How is profit for FOREX market operations calculated?
Assuming you entered to buy USD/JPY for 2.0 lots on FOREX at 117.89. You closed at 118.40. What is your profit? By opening the transaction, you bought 200,000 USD and sold 117.89 * 200,000 = 23,578,000 JPY. By closing the transaction, you sold 200,000 USD and bought 118.40 * 200,000 = 23,680,000 JPY. The dollars cancel each other out and the yen surplus equals +102,000 JPY, which according to the transaction closing rate is +861.49 USD. This is your profit.
- How are positions on the FOREX market transferred to the next day?
Transferring of positions to the next day on the FOREX market takes place in the shape of market swaps, which may be either positive or negative depending on the interest rates and swap point sizes with the broker’s counterpart. Let’s assume the European rate is 4.25% and the American rate is 3.5%. If you have an open position to sell 1.0 EUR/USD lots, you need to sell 100,000 EUR. Therefore, you must lease them at 4.25% per year. By selling euros, we buy dollars, which we deposit at 3.5% per year. Thus, your expenses for the transaction will be (4.25-3.5) % per year, or, at the EUR/USD rate of 0.9000, 675 dollars per year, which equals 1.85 dollars per year. Thus, an open position to sell 1 EUR/USD lot on FOREX will deduct 1.85 dollars per day. If you stand to buy, similarly, $ 1.85 will be deposited to your account each day. In reality, the deduction is slightly larger and the deposit slightly lower than $ 1.85. This small difference is for the broker’s effort of transferring your position to the next day. The amount deducted/deposited for transferring a position is called storage. Storage for transferring a position from Wednesday to Thursday is tripled.
- What taxes apply to my income from FOREX market operations?
For physical persons, income from working on the FOREX market is subject to income tax for physical persons. Our company is not a tax agent and does not withhold tax. Customers pay their taxes personally.
- What is a lot?
A lot is a transaction unit on the market.
- What is stop loss?
A stop order tied to an open position. StopLoss closes a position upon reaching expected loss in order to protect a deposit from continued loss.
- What is take profit?
A limit order tied to an open position. Take Profit closes a position upon reaching an expected profit value.
- What is order level?
The price shown on the order.
- What is free margin?
The funds on a trading account that may be used to open new positions.
- What is your profit?
Our profit comes from market-making principles of FOREX brokers: this is forming a customer base with offsetting orders and making a profit using a system of hedging a multi-position with external counterparts, which is privileged information that is somewhat unique for each broker on the FOREX market. The customer market depth multi-position of a market maker is linked to the counterpart (the market), usually at a more lucrative price – according to statistics. The dealer is interested in the difference between the customer price and the more lucrative price of the counterpart, which makes up their compensation. Our company also allows to tie the positions of specific customers to the counterpart automatically.