Online trading may be made more transparent and accessible, according to Forex4you, a firm founded on these principles. As a result of its early success, the broker is now a well-known name in the industry. 1.7 million user accounts and 700 million orders have been executed, according to Forex4you.
The ‘Marketplace’ liquidity aggregator and order execution system used by Forex4you is its invention. Liquidity suppliers’ offers are gathered, and the best pricing is presented to the clients’ terminals. Depending on the trading account, two execution options are available: immediate and market. There are over 150 different trading instruments to choose from. When compared to other online brokers, who provide tens of thousands of trading products, this is a bare-bones offering.
Forex4You has a variety of account options for its customers.
Inexperienced traders are encouraged to open a cent account. Those who like to experiment with smaller sums of money before making a big bet on the Forex market. Open Cent and Cent NDD accounts are available for investors with lesser budgets. There is, of course, a demo account for individuals who like to practice before making a real investment.
For those who have opted to trade Forex professionally, the availability of a Pro Account is a definite plus point. Traders who want to make a career out of Forex trading will be swayed by larger volumes and the finest spreads.
As with any respectable brokerage, the broker also provides a demo account for beginning traders to experiment with various trading methods and tactics. There is an Establish Account button on the website’s homepage that makes it simple to open an account. That’s all there is to it! In the next step, you’ll need to fill out a secure online form and provide information about yourself, such as your name and address, net worth, trading history, etc.
Islamic Account at Forex4you
An Islamic Account is designed exclusively for Muslim traders who closely adhere to Sharia law. The legislation forbids its adherents from paying any sort of interest, including overnight costs, because it is considered wasteful or exploitative. Traders who maintain positions open for longer after the trading day has ended are charged overnight fees, and this sort of account allows them to avoid such costs or interest if they hold positions open for longer.
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Muslim traders at Forex4you do not have the option of changing their live trading account to an Islamic account. Any open positions will be charged or credited with swaps overnight, depending on whether the trader took a long or short position, which is against Sharia law.
Forex4you Customer Support
To ensure that all of its customers’ issues are addressed, Forex4you provides 24/5 customer support through a variety of channels. Joining forums and blogs allows you to contact other traders all around the world. So, you may benefit from other traders’ knowledge and seek them for assistance with any difficulties or queries you may have.
According to most clients who have tried Forex4you trading, it is a great option for novice traders who have no prior expertise in the Forex market. When it comes to practicing trading on a demo account or with real money, it provides a perfect setting for doing so without the need for a huge quantity of capital. For more information to gather, follow us every day.
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