Another Forex broker that offers a technically easier start for the new Forex traders was added to my Forex broker list today — Forex4you. Although they claim to be on-line since 2007 I’ve never heard about this broker until several days ago, but they look worth looking at. It’s a MetaTrader 4 broker with very easy starting conditions. You only need $1 to open a real trading account and you can trade with the volumes as low as 0.0001 of the standard Forex lot. Other Forex4you’s highlights include:
- 2 pips spread on EUR/USD
- Up to 1:500 leverage
- Electronic payment systems accepted: WebMoney, Liberty Reserve and e-gold (a rare occurrence)
- CFD trading is available
- Annual interest rate on account balance — 7%, 8%, 10% or 12.5% depending on the account type
- Not regulated by any financial authority
