Markets4you

Markets4you broker , formerly known as Forex4you, is a forex and CFD broker operated since 2007 by E-Global Trade & Finance Group and registered in the British Virgin Islands. The broker is known for its cent, copy trading and PAMM accounts, but according to its own official statement it does not serve users residing in Iran. Below, we review Markets4you based on Teagle's data.

What kind of broker is Markets4you?

Markets4you has about 19 years of history and offers trading in currency pairs, stocks, indices, commodities and cryptocurrencies on MetaTrader 4 and 5 and its own app. Teagle's tags for this broker include cent accounts, ECN accounts, Islamic accounts, scalping and hedging, use of expert advisors and trading during news. Teagle's expert also sees its range of instruments and accounts as a way to attract all kinds of traders.

Markets4you licenses and credibility

Teagle's license list shows two active licenses for Markets4you:

• FSC British Virgin Islands (No. SIBA/L/12/1027), active;
• Financial Services Commission (No. GB21026455), active.

Both licenses are offshore and in the weak regulatory tier, and Teagle's expert also lists "weak regulation" among this broker's drawbacks. Such licenses do not provide protection on par with bodies like the FCA or CySEC. To learn what this difference means in practice, read the article the difference between offshore and onshore brokers .

Does Markets4you serve Iranians?

No. In the footer of the broker's official website, Iran is explicitly listed among the countries that do not receive services. The Markets4you website does not support Persian either, and according to Teagle's experts it has no Persian support. This means any Iranian who opens an account with this broker is not considered an official client and must accept the risk of the account being restricted. For more on this type of risk, see brokers banned for Iranians and how to choose a safe broker .

Markets4you trading accounts

Markets4you has four accounts with floating spreads. In Teagle's table, the minimum deposit for all accounts is listed as zero, maximum leverage for all is 1:4000, and requote status is unknown:

• Classic Standard: spreads from 0.9 pips, no commission, margin call 100% and stop-out 20%; no Islamic version.
• Classic Pro: spreads from 0.1 pips with a $10 commission per lot; no Islamic version.
• Cent Standard: spreads from 0.9 pips, no commission, margin call 50% and stop-out 10%, with an Islamic version.
• Cent Pro: spreads from 0.1 pips with a 10-cent commission, with an Islamic version.

Cent accounts are useful for practicing with small capital; to learn more, read the best brokers for cent accounts . Leverage of 1:4000, however, is very dangerous, and a small market move can wipe out the entire account; before using it, see the leverage guide .

Markets4you platforms and services

Trading is done on MetaTrader 4, MetaTrader 5 and the Markets4you app for Android. Additional services include copy trading, PAMM, expert advisors and trading bots, education, an economic calendar, bonuses, cashback and rebates. If you plan to use the copy service, first read the copy trading guide .

Deposits and withdrawals at Markets4you

The payment methods recorded on Teagle include Volet, Skrill, Neteller, QR Code and online and offline banking, and deposits are free with all of them. The minimum deposit is $10 for Volet, Skrill and Neteller and $25 for bank methods and QR Code. Deposits and withdrawals are instant with most methods, while offline banking takes 1 business day. The withdrawal limit is $10000 for Volet, Skrill and offline banking and $2500 for Neteller and online banking. So despite the zero minimum deposit in the accounts table, in practice the minimum deposit depends on the payment method. No Rial payment method is recorded in Teagle's data.

Markets4you rating and risk on Teagle

Markets4you's final rating on Teagle is 2.46 out of 5, derived from the average of three sources: WikiFX 2.9, Forex Peace Army 2.58 and Trustpilot 1.9; Teagle user ratings have not been recorded yet. The Teagle Eye risk score for this broker is 51 out of 100, in the "medium risk" category; its 19-year history has lowered the score, while offshore licenses and low reputation ratings have raised it. There are also reports of slippage at this broker; we have explained the concept in the article slippage in forex .

Pros and cons of Markets4you

• Pro: low minimum deposit and cent accounts
• Pro: support for MetaTrader 4 and 5, copy trading and PAMM
• Pro: negative balance protection and a long track record
• Con: no services for residents of Iran
• Con: offshore licenses and weak regulation
• Con: no Persian support and reports of slippage

Who is Markets4you suitable for?

In the view of Teagle's expert, Markets4you is attractive for beginner traders with small capital, but it is not a suitable option for professional traders or users living in Iran. If you live in Iran, choose a broker that officially serves Iranians. To weigh alternatives, put Markets4you side by side with a cent-account competitor in the Markets4you vs RoboForex comparison .

Conclusion

Markets4you has a long track record and low-cost accounts for getting started, but its licenses are offshore and it has officially excluded Iran from its service list. If you still intend to use it, start with a small amount, choose low leverage, make a test withdrawal and follow the latest warnings on the risk warning page .