T4Trade Review – Important Facts About This Offshore Scam
T4Trade is part of Tradeco Limited registered in Seychelles. As a forex and CFD trading company, they should comply with some regulations. That’s what brings security to clients.
To classify regulators, you have multiple tiers. The Financial Securities Authority (FSA) of Seychelles belongs to the Tier 3 group and that’s the official regulator of this broker. Since they are providing services outside of Seychelles, they should comply as well with the regulations of those countries where they operate. Let’s take a look at this detailed T4Trade review to see more.
|Broker status:||Regulated / Offshore Broker|
|Regulated by:||FSA Seychelles|
|Regulators’ Complaints:||CNMV, FSMA|
|Owned by:||Tradeco Limited|
|Supported Platforms:||Web trader / MT4|
|Types of Assets:||Forex, Commodities, Indices, Shares, Futures|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is T4Trade A Legit CFD Broker?
If we start from a license, FSA is not like Tier 1 regulators FCA, BaFin or ASIC. Those are the most reputable ones with very strict rules. We wanted to check if T4Trade has any of those, and as you could guess yourself, they don’t.
Therefore, the rules they comply with are weak. Based on some T4Trade reviews conclusion is that this could make potential issues.
Even if the broker is regulated it still doesn’t mean it’s genuine. That’s why you look for Tier 1 regulation, which T4Trade doesn’t have. They are a highly risky broker with a very quickly deserved bad reputation.
Reasons for Using a Regulated Broker for Trading
Tier 1 regulators are the ones we always recommend. Most trading companies that are even sponsors of some fantastic sports teams are regulated by those.
With all due respect to FSA and other authorities, they are all lower tier for a reason. A regulated broker can provide you with security, proper education about trading, and stable trading conditions without a doubt.
Warnings From Financial Regulators
What’s wrong with this broker is that there is a warning issued against them by CNMV (Spain). Since T4Trade is fresh on the market, only since 2022 this is a very quick achievement.
Now we might say that those customer statements could be true.
If you take a look on Trustpilot, out of 109 reviews almost 15% are rated 1-star. All of them are screaming scam, unfortunately. If you don’t trust us, check it out yourself. Think twice before investing any of your funds here.
Trading software is almost as important as the license. If you don’t have stable and reliable software with adequate tools, then trading is pointless. Even though this broker provides access to the MT4 trading platform, conditions for trading are bizarre. Leverage goes up to 1:1000 which is too risky, and not allowed according to ESMA rules and Tier 1 regulations.
Web trader is nothing more than a basic platform with some technical and analytical tools and with a user-friendly interface. It is very simple to use and it’s suitable for beginners.
For some experienced traders that are looking for copy trading, social trading and EAs this is not a good choice. At least, the mobile version is available.
T4Trade Mobile Trading App
The mobile app for the T4Trade platform is available for both Android and iOS. It’s very good, considering that this broker is fresh in this business and without a reputation. This is getting its reputation higher. But not enough when we consider T4Trade reviews.
Another surprisingly good thing about this broker is that it offers the MT4 platform. Very high efficiency, fast executions and vast trading tools. A great choice for experienced traders. Once you get used to this one, you don’t look for a change. It’s available for any mobile device as well.
T4Trade’s trading instruments
It’s interesting how big a base of instruments this broker provides. It could be compared to some highly reputable brokers. This one doesn’t have Tier 1 regulation and that’s why we take everything with reserve. However, the assets available are:
|Forex||EUR/JPY, AUD/NZD, GBP/SGD|
|Commodities||oil, platinum, gold|
|Indices||DAX30, BE20, S&P 500|
|Shares||Amazon, Tesla, Pfizer|
Since this is CFD trading, and they offer leverage up to 1:1000, we would rethink investing any of the money here.
T4Trade’s Scam Activities – What Are The Countries Involved?
According to T4Trade reviews, the broker is offering their services to countries like:
- South Africa
Since all reviews could be made up, especially positive ones we are questioning all of this. So, wherever you are coming from think twice and double-check everything before investing.
List of T4Trade Account Types
T4Trade broker offers 4 different account types:
The minimum requirement for any of these accounts is 200$. The main difference between them is some minor benefits like tighter spreads. Another difference comes from the CENT account, which is defined in cryptos, not in fiat currency.
Offshore brokers tend to lure clients into depositing as much as they can. They will find any possible way to do that. Bonuses are one of the tricks from their sleeves.
According to any reputable regulation, bonuses are not permitted. So, you can see that’s just a trick. Anyway, they offer 3 bonuses:
Don’t fall for these cheap tricks!
T4Trade Deposit and Withdrawal Policies
As we mentioned about T4Trade reviews, clients had issues with withdrawals. That’s where these bonuses come into play. You can’t withdraw profits until you make a rollover at least 20 times bigger than your deposit plus bonus.
But excluding that, they offer different depositing and withdrawing options:
- Credit/debit cards
- Wire transfer
T4Trade Terms and Conditions
Even though this broker is FSA-regulated, their T&Cs are questionable. They didn’t get a warning without a reason.
Let’s just start with insanely high leverage. The only point of that is losing money as quickly as possible. Then the broker has reason to call you and pitch you for more money. Besides, the bonus policy is insane.
Scammed by a T4Trade Broker? – We Want To Hear Your Story.
In the end, if you got scammed somehow let us know. Our expert team can help you with fund recovery.
Book a free meeting today. Don’t waste any more time!
What Is the Chargeback Procedure?
If you used a card as a depositing method you can request a chargeback. Very simple procedure and a time-limited process. We suggest you do it with professionals. Contact us to help you with the first steps!
What Is T4Trade?
This is an offshore trading company offering FX and CFD trading with an FSA license.
Is T4Trade a Scam Broker?
According to all reviews and warnings we can say there could be potential issues with this broker. Even though they are regulated, but with low Tier regulation.
Is T4Trade Available in the United States or the UK?
They only offer services to clients coming from the UK. US clients are not permitted to trade with this broker.
Does T4Trade Offer a Demo Account?
No, this broker doesn’t offer a demo account. Only live account with a minimum deposit requirement of 200$.