Is T4Trade a Scam? The Facts You Need to Know

The project provides spot and margin trading with a limited number of financial instruments. The management supports multiple trading platforms with different functionalities and high liquidity. The company is regulated by the offshore regulator FSA. However, customer reviews of t4trade.com are contradictory and typically negative. Therefore, let us verify if the company is a scam.

Company Highlights

Key T4Trade Trading Features

T4Trade provides access to several types of accounts varying in spreads. When registering, clients can choose between Standard, Premium, or Privilege accounts, as well as a cent account. The major drawbacks of such an approach are the lack of obvious distinctions between accounts and the lack of transparency to clients in general.

The minimum deposit for opening a trade is $50, but the official website fails to mention that. Users have to sign up and log into their own personal account to find out the actual amount. The recommended deposit for regular accounts is around $10,000 to $20,000.

Clients who trade with this broker enjoy the luxury of trading with fixed spreads. For the basic accounts, the spread is 1.8 pips, while the Privilege account reduces the spread to 1.1 pips. All accounts have the minimum lot size of 0.01. When opening an account, traders can use USD, EUR, or GBP as the account currency.

The leverage level is set manually during account opening, and the maximum leverage is 1:1000. Since there is an offshore authority regulating the company, this is a really big red flag. This type of highly leveraged trading exposes traders to significant risk of losses, and since there is no negative balance protection, clients will be able to accumulate debts to the broker.

In summary, the most significant disadvantages of the company’s trading terms are a lack of disclosure of the commissions, excessively high leverage, and an undisclosed figure for the initial deposit. Additionally, various penalties and restrictions are imposed on the website, which will be discussed in the next section.

Overview of Available Trading Instruments

T4Trade offers access to currency pairs, indices, commodities, futures, and stocks. However, there is no exact number of assets available. And if traders use the platform recommended by the administration, their trading opportunities will be significantly limited.

It should be noted that the official website contains numerous warnings about the risks associated with trading with the company. These warnings are addressed in particular to the financial instruments section. This problem is also exacerbated by the very high leverage offered on the platform.

T4trade.com Trading Platform Analysis

T4Trade clients can trade with WebTrader, TradeCopier, and MetaTrader 4. The official website and personal account section contain links to download programs. However, the full-featured mobile version is only partially supported.

Examining the web version of the platform reveals several weaknesses. The interface of the terminal is simple, with limited features offered. Liquidity issues are obvious and are directly related to leverage and financial losses incurred by clients. Stability in the terminal is poor, and there are significant delays in order execution.

Additional Services

T4Trade provides extra services regardless of the trading account. This means that clients get access to benefits the moment they make the minimum deposit amount. The administration supports features such as an economic calendar and a calculator. Educational resources consist of e-books, webinars, podcasts, and tutorial videos. The applicability of these resources is debatable, as much of the information provided is general in nature.

Other services also encompass customer support and expert guidance. There is also a bonus program offered, with deposit bonuses ranging from 20% to 100%. Bonus funds cannot be withdrawn and can only be used for trading.

Fee Structure. Are You Paying More Than You Should?

Information about trading commissions and dealer fees is not available on the main page of the site. Most of the data is present exclusively in electronic documents. Trading fees are close to zero, company representatives say. Nevertheless, the client agreement reserves the right for the company’s employees to unilaterally change trading conditions, including swap charges.

When funding your account, a service fee is charged, which is 10% of the deposit amount and has a maximum amount of $200. There is also an inactivity fee of $50 if the account is not used for one year, which will result in it being closed and the balance being written off.

Legitimacy of T4Trade

The T4Trade broker is run by Tradeco Limited under the regulation of the tier-3 offshore body. Financial Services Authority Seychelles (FSA). This is why the project has negative reviews and a very high leverage of up to 1:1000.

The main issue is that offshore regulators ignore industry best practices and fail to address clients’ complaints against scam brokers. In addition, obtaining an FSA license is much easier than getting the approval of European regulators or the UK’s Financial Conduct Authority (FCA).

Consequently, working with such a firm subjects users to financial and data security risks. It is improbable that lost money can be recovered through litigation. Moreover, transactions on offshore regulated platforms are usually made in cryptocurrency, which means they are non-refundable.

The Broker’s Past and Present

The T4Trade administration has a vague company description on the “About Us” page. As is common with spurious intermediaries, the text contains general claims of honesty, reliability, safety, and profitable partnerships. However, no specific information regarding the company’s founding date has been given.

A Whois domain search reveals new facts regarding the company. The dealing center was established only in 2024, as confirmed by additional verification using WebArchive.

Conclusion

We do not recommend trading with T4Trade. Although the company is regulated by an offshore regulator, it offers unprofitable trading conditions, e.g., high leverage. Most other features are unavailable, and educational materials are of ‌poor quality.

Weighing the Pros and Cons

Common Questions