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FORYOU Forex Broker provides real users with * positive reviews, 1 neutral reviews and 7 exposure review!

FORYOU Broker Review

1.60

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Business

Influence E

License

VFSC Revoked

FORYOU Review 8

Latest All(8) Neutral(1) Exposure(7)
Neutral

The real purpose of this scammer called FORYOU is for your money! I'm one of the victims and now I'm almost desperate... There is no hope of getting my money back. I'm going to give up...

fengyunwaihui168
2023-03-09
Exposure
Cheating

Well they contacted me through my art platform saying that they needed 20 illustrations, but that they could only pay in crypto, I had already worked with crypto before so I said yes... however this time they told me that the money was allocated in FORCOEX.com and that I would have to create an account there, to be able to pay myself, I didn't see it wrong... and well, I created the account. The next day they transferred me 2000 dollars (the job was for 4k but they paid me half to start, they even made me sign an NDA and a freelance work contract) Well that same day of the transfer I wanted to make the withdrawal to my wallet, but I couldn't, because I had to pay 0.01 BTC to confirm my wallet. Well that was the first scam and I didn't see anything wrong with wanting to confirm so I sent the BTC which was approximately $150, of course I wanted to withdraw and I couldn't, they told me that I had to deposit 0.03 BTC to confirm the INSURANCE PAYMENT, for not being from the UK I had to make that deposit and in 3 days they returned it to me,,, I made the damn deposit, and dps told me that I had to make another TAX deposit of 20% in total I deposited 2000 dollars .. and apparently they have more than 83 equal pages... unfortunately I realized it late and lost 2k... sad, but it's a lesson. That I will never enter these exchanges without knowing, and I will only accept crypto if it is directly to my wallet.

ale7837
2022-10-25
Exposure

The withdrawal is unavailable since February. The platform is out of contact.

FX1629410206
2020-05-26
Exposure
The platform has shut its website and withdrew from the market.

FORYOU has shut its website and withdrew from the market.

12337154
2020-02-13
Exposure
Fuya Finance deducted commissions at random, and now can't get back in the background

Fuya Finance deduct my commissions at will. I should have got more than a thousand, but only more than 400 in fact. And my book value lose more than 2,000. Now I can't log in the background. I can't get any money left.

jerry。
2019-08-20
Exposure
FORYOU fraud platform

There were teachers who gave order recommendation on the platform.At first,his recommendation was accurate.After gaining a little money,I always made losses.With the reverse order recommendation given by the teacher, I made all loss of my borrowed money,more than 200 thousand yuan.The remaining money in account was unable to withdraw.The teacher asked me to add more fund to earn them back doubly.After I refused him,I was blacklisted.Now the withdrawal was unavailable.I couldn’t make ends meet.

追回薇 lpm764
2019-08-20
Exposure
Earning money is impossible,and loss is normal.

I opened an account and conducted trading in FORYOU.Having earned 2600,I was told by salesman that my withdrawal was unavailable because of loss.The clients should bear the cost as orders being left alone,which means they can never earn money.Earning money is impossible,and loss is normal.The withdrawal on the first day was 1980,while 1890 the second day.Are you kidding me? Who taught you that?

FX9926064720
2019-07-25
Exposure
Slide off point network

Do a order a day break net dozens of times, can't do, technology again good also want to lose money, still have even sometimes not warehouse, stop loss position cannot pull 2 times, a lot of problems, can make money is immortal estimate

好心情10547
2019-01-19

  

Foryou 2025 Review: Everything You Need to Know

  In this comprehensive review of Foryou, we delve into the broker's offerings, user experiences, and expert opinions. Overall, Foryou presents a mixed picture, with some users praising its low-cost trading options and user-friendly platforms, while others raise concerns about regulatory oversight and withdrawal issues. Notably, the broker operates under the British Virgin Islands Financial Services Commission (BVI FSC), which may not provide the same level of security as tier-1 regulators.

  Note: It is essential to recognize that different entities operate under the Foryou brand in various regions, which can affect the trading experience. This review aims to provide a balanced and accurate assessment based on the available information.

  

Rating Summary

Category Rating (out of 10)
Account Conditions 7.5
Tools and Resources 6.5
Customer Service & Support 7.0
Trading Experience 7.8
Trustworthiness 5.5
User Experience 6.0

  We evaluate brokers based on user feedback, expert analysis, and available data to ensure a comprehensive understanding of their offerings.

  

Broker Overview

  Founded in 2007, Foryou operates under the umbrella of e-Global Trade & Finance Group, Inc., based in the British Virgin Islands. The broker offers a variety of trading platforms, including the widely recognized MetaTrader 4 (MT4) and its proprietary web trader. Traders can access a range of asset classes, including forex, commodities, indices, and stocks. However, regulatory scrutiny is a concern, as the broker is only licensed by the BVI FSC, which does not carry the same weight as more stringent regulatory bodies.

  

Detailed Review

  

Regulatory Regions

  Foryou operates primarily in regions where it is licensed by the BVI FSC. However, it does not accept clients from the United States, Canada, the European Economic Area (EEA), and several other countries. This limited availability may deter some potential clients seeking a more globally recognized broker.

  

Deposit/Withdrawal Currencies

  Foryou supports deposits and withdrawals in USD and EUR. However, it does not currently offer cryptocurrency trading options, which may be a drawback for traders interested in digital assets. The minimum deposit requirement is notably flexible, with some accounts requiring no initial deposit.

  

Promotions and Bonuses

  Foryou offers various promotions, including a welcome bonus and cashback programs. However, the specifics of these promotions can vary by region and may not be available to all users. The lack of transparency regarding these offers has raised some concerns among users.

  

Tradable Asset Classes

  Traders can access over 150 financial instruments, including major and minor currency pairs, commodities like gold and silver, and various indices. However, the limited selection of forex pairs compared to other brokers may be a disadvantage for some traders.

  

Costs (Spreads, Fees, Commissions)

  Foryou's trading conditions are competitive, with spreads starting from 0.1 pips on certain accounts. However, withdrawal fees ranging from 0.8% to 2% may affect overall profitability. The broker offers different account types, including cent and classic accounts, which cater to various trading strategies and risk appetites.

  

Leverage

  Foryou provides high leverage options, with ratios up to 1:2000 available on certain accounts. While this can amplify potential profits, it also increases the risk of significant losses, especially for inexperienced traders.

  

Allowed Trading Platforms

  Foryou supports multiple trading platforms, including MT4 and its proprietary platform. The availability of mobile trading apps enhances accessibility for traders on the go. However, the user interface of the proprietary platform has received mixed reviews, with some users finding it less intuitive than MT4.

  

Restricted Areas

  Foryou does not accept clients from several jurisdictions, including the USA, Canada, and the EEA. This limitation may hinder its ability to attract a broader client base, particularly in regions with stringent regulatory requirements.

  

Customer Support Languages

  Foryou offers customer support in multiple languages, including English, Malay, Thai, and Vietnamese. The availability of 24/7 support is a positive aspect, although some users have reported delays in response times.

  

Final Rating Summary

Category Rating (out of 10)
Account Conditions 7.5
Tools and Resources 6.5
Customer Service & Support 7.0
Trading Experience 7.8
Trustworthiness 5.5
User Experience 6.0

  

Detailed Breakdown

  •   Account Conditions: Foryou offers a variety of account types, including cent and classic accounts, catering to both novice and experienced traders. The flexibility in minimum deposits is a significant advantage, allowing traders to start with minimal capital.

  •   Tools and Resources: While Foryou provides essential trading tools, the educational resources available may not be as comprehensive as those offered by other brokers. Users seeking in-depth training may find this lacking.

  •   Customer Service & Support: The availability of multilingual support and 24/7 service is commendable. However, response times may vary, and some users have expressed dissatisfaction with the quality of assistance received.

  •   Trading Experience: Foryou's trading platforms, especially MT4, are well-regarded for their functionality and user-friendliness. The proprietary platform's usability has received mixed feedback, with some users finding it less intuitive.

  •   Trustworthiness: The regulatory status of Foryou raises concerns, as it is only licensed by the BVI FSC. This lack of strong regulatory oversight may deter potential clients seeking a more secure trading environment.

  •   User Experience: Overall user feedback is mixed, with some praising the broker's low-cost trading options and user-friendly platforms, while others report issues with withdrawals and customer support.

  In conclusion, Foryou presents a mixed bag of features and experiences. While it offers competitive trading conditions and a user-friendly platform, concerns about regulatory oversight and customer service persist. Traders should carefully weigh these factors before deciding to engage with Foryou.

FORYOU review