T4Trade review
Introduction of the broker T4Trade
T4Trade is a relatively new broker on the market, established in 2021, offering a wide range of trading instruments through the MT4 platform. This broker is regulated by the Seychelles Financial Services Authority (FSA), which provides a certain degree of credibility, although it is only a Tier-3 regulation, which is not as significant compared to Tier-1 jurisdictions such as those in Europe or the UK.
T4Trade offers a wide range of trading instruments through the MT4 platform and is regulated by the Seychelles Financial Services Authority (FSA). They offer various types of trading accounts, including Standard, Premium, Privileged, and Cent accounts.
Platforms and Fees
The broker provides access to trading via the MT4 mobile app and web version of MT4. Additionally, it offers the TradeCopier app. This service allows users to either become a "Strategy Follower" and copy the successful trading strategies of top traders or become a "Strategy Provider," allowing others to copy these trades. The minimum deposit for these platforms is set at $250.
T4Trade does not charge fees for deposits or withdrawals, although third parties may charge their own fees depending on the chosen payment method. However, it charges a $50 fee if there is no activity on the account for 30 days!
Free Education
Since the broker does not have licenses or permits in the EU, there is an opportunity to use the broker for education. T4Trade provides a comprehensive set of educational tools and resources, including trading calculators, an economic calendar to track important market events, analytical tools from Trading Central for expert opinions, and Live TV for up-to-date market news.
Additionally, it offers an extensive library of e-books, regularly held webinars led by experienced traders and analysts, podcasts featuring interviews with experts, a wide range of educational videos on demand, and materials on trading psychology to help traders cope with the psychological challenges associated with trading.
Ratings and User Experiences
T4Trade has an average rating of 4.15 out of 5 on Reviews.io based on 160 reviews, with a high number of customers rating the services as excellent. On Realreviews.io, the situation is slightly different, where T4Trade has an average rating of 3.3 out of 5 based on 26 reviews.
On Sitejabber, T4Trade has a rating of 4.5 stars out of 151 reviews. Most users are generally satisfied with the conditions and the variety of available assets. However, some reviews express concerns about the broker's trustworthiness, citing issues with withdrawals and the possibility of fake positive reviews.
Is T4Trade a Scam or a Safe Broker?
T4Trade has been in the online trading market for a short time and lacks necessary regulations. The short period of operation and lack of regulation raise concerns about its reliability and safety. Therefore, we cannot classify it as a safe broker, and it is better to avoid it for now.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51 - 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Number of CFD asset classes | 5 |
| Broker type | MM, STP |
| Customer support |
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| Deposit from | 250 EUR/USD |
| Spreads | 1.8 EUR/USD *The value is indicative from the broker's website. The spread amount is variable. |
| Real Stocks and ETFs | |
| Platforms |
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| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Indicies |
| Established | 2020 |
| Location | F20, 1st Floor, Eden Plaza, Eden Island, Seychelles |
| Last update: | |
Pros
Cons
Licences and regulation
T4Trade is the trading name of Tradeco Limited (hereinafter referred to as the "Company"), which is regulated by the Seychelles Financial Services Authority and holds a securities dealer license number: SD029.
