Forex4you quits Belarus, local website & office closed

Forex broker Forex4you has exited the Belarusian market as the country's forex market falls sharply. The broker's website, forex4you.by, and the local office in Minsk have been closed.

According to the National Bank of Belarus, the country's Forex market activity has significantly declined, with the number of clients falling by 85% between 2023 and 2024.

Forex4you was one of the first 32 firms to get a license in the Belarusian market when the regulatory framework was originally implemented. Today, only six locally licensed Forex firms remain.

However, the broker didn't release an official statement and explain the main reason for Forex4You's elimination from Belarus.

This year, Forex4you rebranded as Markets4you, and its website, mobile app, and client portal were revamped.

The company's CEO, Marina Strausa, stated that the rebranding centers around the company's “core values of competency, honesty, internationalism, and innovation.” She added that the Markets4you vision has been “to make trading accessible and more transparent.”

About Marktes4you

Established in 2007, Markets4you is an online forex broker headquartered in the British Virgin Islands. With a focus on competitive trading conditions, advanced trading tools, and good client assistance, the broker has been offering forex, stocks, commodities, and indices. Various trading accounts, including Cent Fixed, Classic Fixed, Cent Pro, Classic Pro, and Classic Standard, are available from the broker with no minimum investment required.

Download the WikiFX app now to stay updated on the latest forex news and make informed trading decisions.