Forex4Money Review – is it scam or safe?

Forex4Money Review – is it scam or safe?  explained by professional Forex trading experts the “ForexSQ” FX trading team

Forex4Money Review – is it scam or safe?

Forex4Money has three types of live trading accounts, plus a swap-free Islamic account. There is also a demo account for testing purposes. Strangely, the demo account does not come with free virtual money and in practice the tradig platform cannot be properly tested.

The broker’s tradable asset portfolio includes forex, CFDs on commodities, indices and stocks and binary options.

Forex4Money is owned by the company Forex International Gain Ltd – registered in the offshore zone Vanuatu and regulated by the local Vanuatu Financial Services Commission (VFSC).

We have always maintained that dealing with offshore brokers could be riskier – some of them are nothing but a scam whose only purpose is to take its clients’ money and disappear. Naturally, not all of them are this, but overall the offshore regulators do not provide very robust oversight and do not have very strict requirements, thus providing lower level of client protection.

Generally, it is advisable that traders choose properly regulated forex brokers, preferably by UK’s FCA or the Australian Securities and Investment Commission (ASIC). Both watchdogs are known for their strict requirements and tight oversight.

Trading platform

Forex4Money offers its own web-based trading platform. It appears to be very basic, with only a few options. The price charts and the economic calendar are provided by Investing.com.

Promotions

Forex4Money offers promotions such as welcome bonus and several types of cashback and rebate bonuses. They are subject to additional terms and conditions.

Methods of payment

Forex4Money accepts payments through credit and debit cards and the online payment systems PayPal, Asia Pay and PayDollar.

Forex4Money Review – is it scam or safe?Conclusion

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