Markets4you Broker Review 2024

Markets4you (formerly Forex4you) offers brokerage services to more than 3 million accounts, with a team of +200 members. The company provides 5 real accounts [Classic Standard, Classic Fixed, Classic Pro, Cent Fixed, Cent Pro] besides a demo account.

This broker offers "Share4you," a copy trading service with more than 1,000 professional traders available.

Markets4you Forex Broker - Company Information + Regulation

Markets4you is operated by E-Global Trade & Finance Group, Inc., a company that owns the intellectual property and trademarks associated with the Markets4you brand. This information is clearly outlined in the website's terms and conditions, which emphasize that all content on the site is the property of E-Global Trade & Finance Group, Inc.

Regarding regulation, Markets4you is overseen by the British Virgin Islands Financial Services Commission (BVI FSC), which is considered a low-tier regulator.

It's worth noting that while Markets4you is not regulated by a major financial authority, the company has built a strong reputation over the years, as evidenced by its numerous industry awards and positive client testimonials.

Summary of Specifics

To give you a quick overview of what Markets4you offers, here's a summary table of the broker's key features:

Account Types

Markets4you offers a variety of account types to cater to different trading styles and experience levels. Let's break down the main options:

• Classic Fixed: Instant execution, Fixed spreads from 2 pips, Zero commission
• Classic Standard: Market execution, Floating spreads from 0.9 pips, No commission
• Classic Pro: Market execution, Floating spreads from 0.1 pip, commission $3.5 per side
• Cent Fixed: Instant execution, Fixed spreads from 2 pips, No commission
• Cent Pro: Market execution, Floating spreads from 0.1 pip, 10 cents commission per lot
• Demo: for testing your strategies and improving your trading skills without any risks

All account types share some common features:

• Minimum deposit: $1
• Maximum leverage: Up to 1:4000
• Access to copy trading through the Share4you platform

Advantages and Disadvantages

Like any broker, Markets4you has its strengths and weaknesses. Let's take a balanced look at what this broker has to offer:

How to Open an Account and Verify on Markets4you

In this section of Markets4you review, we discuss the first thing you must do to get started with this broker. Here's a step-by-step guide to opening and verifying your account:

• Visit the Markets4you website;
• Click on the "Open Account" or "Create Account" button;

• Fill in the sign-up form with your personal information;
• Enter the verification code sent to your phone number or email in the website;
• Your account is created!

For account verification, complete your profile with your residence and identity details, then upload the required documents.

Platforms and Apps

Markets4you provides a range of trading platforms to suit different trader preferences:

Markets4you Proprietary Platform:

• Available as a desktop app, web trader, and mobile app;
• User-friendly interface with customizable features;
• Instant deposits and withdrawals;
• Advanced charting tools powered by TradingView;
• Fast execution with order execution times of 0.1 seconds.

MetaTrader 4 (MT4):

• Industry-standard platform for forex trading;
• Available for desktop, web, and mobile;
• Over 150 tradable instruments;
• Extensive library of technical indicators and expert advisors;
• One-click trading and automated trading strategies.

MetaTrader 5 (MT5):

• Next-generation platform with enhanced features;
• Available for computers, browsers, and mobile phones;
• Over 120 tradable instruments;
• Advanced charting and analysis tools;
• Improved stability and transparent trade history.

Commissions and Spreads

Markets4you prides itself on offering competitive trading conditions. Here's a breakdown of their commission and spread structure:

When it comes to deposits and withdrawals, the broker itself does not charge the trader for most payment options. However, third-party facilitators may charge a fee.

Deposit and Withdrawal Methods

Markets4you offers a variety of deposit and withdrawal options to cater to its global client base:

Deposit Methods:

• Credit/Debit Cards (Visa);
• E-wallets (Skrill, Neteller, Perfect Money, Volet, Astropay);
• Bank Wire Transfer & local Payment Solutions.

For larger transactions, Markets4you may request additional verification documents as part of their anti-money laundering controls. This is standard practice in the industry and helps ensure the security of all clients' funds.

Does Markets4you Offer Any Copy Trade and Investment Options?

Markets4you does offer copy trading and investment options, primarily through its "Share4you" social trading service, launched in 2013. Here's the key features and specifics of this platform:

• Easy to use interface for selecting and following traders;
• More than 1,000 leaders available for copying trades;
• Option to automatically copy trades or manually select which trades to follow;
• Ability to follow multiple Leaders simultaneously.

Tradable Markets and Symbols

Markets4you offers a diverse range of tradable instruments across various asset classes:

• Forex currency pairs;
• Commodities;
• Cryptocurrencies;
• Indices;
• Stocks.

Overall, this broker provides more than 150 assets for trading.

Bonus and Promotions

Markets4you offers several attractive bonuses and promotions to enhance the trading experience:

• 17^th Anniversary Promotions: Over $70,000 worth of prizes and rewards, running from May 6 to July 31, 2024
• 100% Deposit Bonus: Double your trading capital
• 40% Cashback: Receive 40% cashback on spread and commission paid during trades, available for clients without an active deposit credit bonus
• 130% bonus (only available for India): for every deposit made into the trading account

Be aware that some of these bonuses may not be available for all regions.

Customer Support Overview

Markets4you prides itself on providing comprehensive customer support to its global client base. Here's what you need to know about the customer support team on the broker:

• 24/7 customer support is available
• Multiple languages supported
• Available through live chat, email, and phone call

However, a drawback about this section of the broker is it lacks a separated FAQ page on the website, despite most other brokers.

Restricted Countries

While Markets4you serves a global clientele, there are some restrictions on who can use their services. The countries that this broker is not available for residents of is including but not limited to:

• United States
• Japan
• Canada
• Australia
• Iran
• European Economic Area (EEA) countries

These restrictions are likely due to international sanctions or regulatory requirements in these jurisdictions.

Awards & Achievements

Markets4you has received numerous industry awards, highlighting its standing in the forex and CFD trading community. In the list below, we will mention some of these awards:

• "Best Forex Broker Southeast Asia" (2023) - Global Business Magazine
• "Best Trading Platform" (2023) - Atoz Awards
• "Best Multi-Asset Trading Platform" & "Most Transparent Broker Global" (2023) - International Business Magazine
• "Best Copy Trading Platform - Asia" (2023) - Global Forex Awards Retail
• "Best Copy Trading Platform - LATAM" (2023) - Global Forex Awards Retail
• "Best Forex Broker Asia" (2023) - International Business Magazine
• "Best Broker of the Year" (2022) - Africa Forex Expo

Markets4you Broker Trust Scores

Trust is crucial in the forex industry, and one of the ways to determine a broker's trustworthiness is through checking users' and experts' scores and experiences. In this section, we discuss the broker's scores on relevant websites:

• Trustpilot User Score: 3.6 out of 5, based on 43 reviews
• Forexpeacearmy Users Rating: 2.8 out of 5, with +80 reviews

As mentioned above, Markets4you has an average score on Trustpilot and Forexpeacearmy.

Education resources

Brokers often have a separate section for educational materials for traders. Therefore, it could be important to some of you. Markets4you provides decent education resources for users:

• Technical analysis;
• Video tutorials on using trading platforms;
• Helpful articles on trading and investing topics;
• Economic calendar.

Meanwhile, one of the significant downsides of this section at the broker is the lack of a Forex glossary, which is often found on other brokers' websites.

Conclusion and final words

Markets4you, operated by E-Global Trade and Finance Group, Inc., is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and has received a 3.6/5 score on Trustpilot.

The broker doesn't charge trading fees on Classic Fixed, Classic Standard, and Cent Fixed accounts.