Terms and conditions

1.   Object and scope of agreement

1.1 4less GmbH (hereinafter referred to as “forex4less”) provides users with a platform at www.forex4less.com which acts as an interface and contact to forex trading account brokers. Registered users can link existing forex trading accounts or contact forex trading account brokers to open a new account via the forex4less platform. In the event of users opening a forex trading account or linking an existing trading account via the platform, the broker pays commission for every trade under certain circumstances. Forex4less credits the majority of this commission to the user. 

1.2 The following general terms and conditions of business shall apply to all contractual relationships between forex4less and the user. forex4less shall not recognise any other terms and conditions, unless forex4less has explicitly approved them in writing. Any additional agreements shall be placed in writing to become effective.

2.   Conclusion of agreement
The user has to register as a registered user on the portal in order to take advantage of the services provided by forex4less. An agreement is concluded between the user and forex4less when the user applies to register (“registration”) and forex4less registers the user. 

3. User group and registration

3.1 Only natural persons over the age of 18 entitled to engage in business and legal entities may register as users.

3.2 Successful registration requires for the user to truthfully enter all data required during the registration process.

3.3 Once successfully registered, an activation e-mail is automatically sent to the e-mail address specified by the user. The user then has to click the link in the activation e-mail to confirm registration. This concludes the registration process.

4.   Commission and payment conditions

4.1 The daily commission generated and payments made are displayed in the user account.

4.2 The amount of commission varies and depends on the specifications of the respective brokers. forex4less credits the commission to the user account less a processing fee.

4.3 The commission is paid to the user only once the broker has paid the commission to forex4less and the payout reaches a total of USD 100.00.

4.4 The user can choose to receive payments via PayPal, Skrill or bank transfer. The user is informed about any fees payable for the use of these payment methods when selecting them. forex4less may limit or expand the choice of accepted payment methods at any time. The user shall be notified of any limitations in good time.

4.5 Commission shall be payable at the end of the month following the month in which the credit note has been received in the user account (payment into a registered user account).

4.6 The registered user shall check the lists prepared by forex4less and raise a complaint, if necessary. After the expiry of the invoicing period following the respective invoice, the invoice shall be deemed to have been accepted by the registered user.

5. Fees
Users can use the services provided by forex4less within the scope of this Agreement free of charge.

6.   Obligations of the registered user.

6.1 The user shall confirm to forex4less that all of the data required for registration has been entered truthfully and completely and that the user shall notify forex4less immediately about any changes to their personal data. 

6.2 In the event of incorrect information being provided, misuse (e.g. multiple registrations) or a serious tip-off regarding illegal practices engaged in by the user, forex4less may refuse to provide the services, particularly the issuance of credit notes, to the user, in whole or part thereof, and block the respective user’s access to the services. 

6.3 The user shall agree not to disclose the access data and passwords and prevent unauthorised access by third parties. The user shall notify forex4less immediately of any misuse of the access data the user becomes aware of. In the event of misuse, forex4less may block access to the content. The user shall assume liability for any misuse within their scope of control.

7.   Withdrawal
As the transactions between the user and broker are not subject to any contractual agreements between forex4less and the user, the withdrawal right shall explicitly apply only to the agreement concluded between forex4less and the user regarding the use of the forex4less platform.

Withdrawal right

You may withdraw from the agreement within 14 days without having to give any reasons. This withdrawal right remains effective for 14 days from conclusion of agreement. To exercise your withdrawal right, you must clearly notify us (e.g. by e-mail, fax or postal letter) at

4less GmbH
c/o Softwerft GmbH
Am Sandtorkai 54
20457 Hamburg

about your decision to withdraw from this Agreement. You may choose to use the withdrawal form template (below), but this is not compulsory. To exercise your withdrawal right it is sufficient to send your notification of your execution of withdrawal right before the expiry of the withdrawal period.

Consequences of withdrawal
If you withdraw from this Agreement, we shall reimburse you for all payments that we have received from you, including delivery fees (excluding additional costs resulting from you selecting another type of delivery than the favourably priced standard delivery offered by us) immediately and no later than 14 days from the date on which we receive your notification of withdrawal from this Agreement. We shall use the same payment method for such reimbursements than the one used by you for the original transaction, unless explicitly agreed otherwise with you. We shall never charge you any fees for such reimbursements.

Your 4less GmbH

Please note:
The withdrawal right shall expire early if the provision of services only started after the consumer has explicitly approved and confirmed knowledge of the fact that they shall lose their withdrawal right if the company fulfils all of the agreement and has provided all of the services.

Withdrawal form template 

Please complete this form and return it to us should you wish to withdraw from the Agreement. 
4less GmbH
c/o Softwerft GmbH
Am Sandtorkai 54
20457 Hamburg

I/we herewith withdraw from the Agreement concluded by me/us for the provision of the following services: 

Registration for use by forex4less

Ordered on: (DATE)
Name and address of consumer 
Signature customer 
(only for written withdrawal) 

8. Termination

8.1 forex4less may terminate the Agreement for good cause and with immediate effect. Good cause shall be, in particular, if the user violates material obligations arising from this Agreement or the user is suspected of engaging in illegal activities.

8.2 The Agreement may be terminated by either Party by giving four weeks’ notice. The user shall send their written termination to forex4less (per e-mail, fax or post).

8.3 This shall not affect the statutory right to termination for good cause.

9. Liability of forex4less

9.1 forex4less obtains information from sources that are regarded to be trustworthy. No liability shall be assumed with regard to the quality and accuracy of this information.

9.2 forex4less exclusively provides broker services between users and the respective brokers and is not party to the agreements concluded between the user and broker. The registered users therefore select the brokers and conclude investment transactions with the brokers at their own risk. forex4less shall not assume any liability whatsoever in this respect. 

9.3 The liability assumed by forex4less for injury to life, limb and health and compensation for acts of malicious intent and gross negligence shall not be affected by above exclusions and/or limitations of liability.

9.4 forex4less also shall not assume any liability for damages caused by force majeure, riots, war and natural disasters or other events within the scope of control of forex4less (e.g. strikes, lock-outs, traffic disruptions, official decrees in Germany or abroad) or technical faults caused through no party’s fault (such as the EDP system). Force majeure also includes computer viruses or malicious attacks of EDP systems by hackers if appropriate protective measures have been taken.

10. Data provision and protection

10.1 The user shall confirm to forex4less that all of the data required for brokering services has been entered truthfully and completely and that the user shall notify forex4less immediately about any changes. 

10.2 forex4less shall treat the personal data entered during the registration process and use of services as confidential and use it in accordance with data protection law.

10.3 The user is herewith being informed that forex4less collects, processes and uses personal user data in a machine-readable format for the purpose of fulfilling the contractual relationship. forex4less provides further information on data protection at https://www.forex4less.com/de/datenschutz.html.

11. Amendments to the general terms and conditions of business 
forex4less may change these general terms and conditions for business with future effect at any time without stating any reasons. If this is the case, forex4less shall notify the user of the amendment in good time. If the user fails to object to the amendment within four weeks from receipt of the amendment notification, the new version of the general terms and conditions of business shall become effective. forex4less shall inform the user of this consequence in the amendment notification. forex4less shall provide the respective current version of the general terms and conditions of business on its website.

12. Governing law and place of jurisdiction
These general terms and conditions of business shall be governed by the laws of the Federal Republic of Germany. In the event of the user being a business person, legal entity under public law or special trust under public law or if the user does not have a general place of jurisdiction in the Federal Republic of Germany, any disputes arising from or in connection with these general terms and conditions of business shall be exclusively resolved before the courts responsible for the location of the head office of forex4less.

13. Severability clause
If one or several provisions of these general terms and conditions of business are or become ineffective, this shall not affect the effectiveness of the remaining provisions. The Parties shall agree to replace the ineffective provisions with a provision which comes closest in meaning to the ineffective provision to be deleted. The same shall apply to any omissions found.