Forex4you’s trading volume boosted by high interest in Share4you service, post-Brexit activity in Asia

Forex4you’s trading volume boosted by high interest in Share4you service, post-Brexit activity in Asia

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The trading volume and client equity of offshore forex broker Forex4you have been constantly increasing in the first 35 weeks of 2016, or roughly January-August, boosted by the dynamic Asian markets following the UK vote to exit the EU, as well as the increased interest in its Share4you social trading service by Asian clients, the broker said in a statement on Thursday.

forex4you-shareforyou-equityThe Asian market has shown increased interest Share4you, Forex4you’s auto-copy social trading platform, which has also contributed for the good results of the broker. The combined equity of Asian clients who use the Share4you service jumped by 944% in end-August 2016, compared to a year earlier.

“Our service industry is currently experiencing rapid growth in popularity in the Asian region. It’s true not only for us, but also for other companies,” said Alex Chew Eng Chun, the country manager of E-Global Trade & Finance Group. “Asia is certainly at the top of our list of priorities right now. Our Asian clients really value the transparency and clarity of trading with Share4you, and their appreciation drives us further in our development,” he added.

The UK voted on 23 June, 2016, to exit the European Union (Brexit), causing EU markets markets to experience deep volatility. In Asia, however, the markets were affected in a more positive way. The overall trading volumes in Asia jumped tenfold in the days following the Brexit vote, according to The Financial Times data.

In the weeks after the UK vote (week 25), Forex4you’s trading volumes increased to levels higher than before the referendum and have stayed that way ever since. Following is the broker’s trading volume (in millions of USD) by weeks:

forex4you-aug-2016

Forex4you also said that it expects to reach 100,000 active accounts by the end of 2016. It closed 2015 with 92,564 such accounts.

“After the adjustment of the active client accounts number for the last year, we expect rapid recovery of our key performance indicator in 2016 reaching not less than 100 000 of active user accounts by the end of the year,” said Marina Mikelsone, Forex4you COO.

Forex4you and Share4you are brands of E-Global Trade & Finance Group. The broker is based in the British Virgin Islands and is licensed by the local financial regulator, the Financial Services Commission (FSC). Forex4you’s clients can choose between Cent, Classic, and Pro demo and live trading accounts, as well as automated trading via PAMM accounts. It only provides services based on the MetaTrader 4 (MT4) forex trading platform.


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