T4Trade Review

Is T4Trade Scam or Legit Broker?

No, it is not safe to trade with T4Trade. Based on the information provided on the broker’s website, T4Trade is registered in Seychelles with license number SD029. The latter is a widely known offshore jurisdiction that lacks comprehensive guidelines and regulations. 

• The fact that T4Trade has an offshore registration is a red flag for those considering signing with it. Although the offering of the broker seems to be attractive, in Forex trading only properly licensed brokers from trusted jurisdictions can be fully trusted. Brokers registered in Seychelles, such as other non-trusted Brokers like Capitalix and GemForex are not trustworthy for investments. 

What is T4Trade?

Based on the information provided on the broker’s website, T4Trade provides a wide range of financial instruments (Forex, Metals, Indices, Commodities, Futures, and Shares ), featuring competitive spreads and flexible leverage options. T4Trade is dedicated to catering to the needs of both novice and experienced traders, offering interesting trading tools and conditions.

The broker has its own WebTrader App that is possible to access through any operating system (Windows, Android, MacOS, and iOS). Besides, the broker has a Trading Academy that includes various webinars, eBooks, videos, etc. 

The first impression about the broker is good, considering the offerings and features it provides, however, it lacks one crucial aspect – proper registration from a top-tier authority, which in Forex trading is a huge drawback. 

• We found that T4Trade is an offshore broker with a registered address of F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and is a trading name of Tradeco Limited. Tradeco Limited is authorized and regulated by the Seychelles Financial Services Authority with license number SD029. 
• Besides, T4Trade is not intended for EU residents as it is not licensed in that region. Additionally, T4Trade does not extend its services to residents of specific jurisdictions, including the USA, Iran, Cuba, Sudan, Syria, and North Korea.
• When we researched deeper, we were able to reveal real reviews and feedback from traders that were not really that positive. Although some traders mention being satisfied with the broker’s services, there are also a great number of reviews claiming that T4Trdae is a scam. Also, there is a chance that many of the good reviews about the broker are false and fabricated. 
• Moreover, we found that customers report inadequate withdrawals, and most traders are not satisfied with the withdrawal process. In fact, easy deposits and withdrawals are one of the key aspects for any broker, as money safety and accessibility is crucial.
• We strongly recommend traders be very careful while signing with the broker and better to avoid it. Remember, that this is not a properly regulated broker with sufficient protection schemes. Thus, your investments are always at risk. It is always safer to choose a regulated broker with licenses from top-tier authorities and feel at ease while trading. 

Overall T4Trade Ranking

We were able to reveal issues regarding regulations and reliability of T4Trade, thus we do not rank positively T4Trade, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• T4TradeOverall Ranking is 4 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

T4Trade Alternative Brokers

Because of the evident issues regarding T4Trade regulations here are much better Alternatives to T4Trade with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• eToro – Best for Copy Trading
• XM – Best selection of Educational Resources
• Pepperstone – Low Spreads and Competitive Trading Conditions

Deposits and Withdrawals

For deposits traders can choose from the available funding methods T4Trade offers, as Broker mentions its conditions:

• The processing time for deposits varies based on the chosen method. Bank wire transfers, for instance, may take up to 3 working days to be processed, depending on the respective bank.
• The broker specifies that profits can only be withdrawn using the Bank Wire method. Clients have the option to receive their initial deposit via the original payment method, and subsequently, profits will be transferred to their designated bank accounts. However, traders are required to submit a withdrawal request through their respective client portals for bank withdrawals.
• Yet, Based on the client’s feedback, we were able to reveal that the withdrawal process is not always satisfactory so the Broker claims empty promises which are not also overseen by regulators, and traders face problems in this aspect, to the extent that many are not able to withdraw their profits at all. 

Trading Platforms

T4Trade offers the well-known MT4 and WebTrader platforms to conduct trades. Also provider T4Trade’s mobile trading app and T4Trade’s Web trading app, enabling clients to trade online, anywhere, directly from their phone, by gaining direct access to more than 300 trading instruments. 

• T4Trade’s Web trading app is compatible with various operating systems, such as IOS, Windows, and Android.

T4Trade Review Conclusion

Based on the available information we have gathered about T4Trade, it appears that the broker may not be reliable and trustworthy. Despite the appealing features and offerings, its registration in an offshore zone is a significant red flag for traders. Furthermore, negative trader feedback and reviews are additional reason to be cautious and refrain from signing up with this broker.

Instead, we always recommend choosing a broker that has gained its name through years of seamless operation and great trading conditions. Also, a license from a top-tier authority is a must, if you want to engage in trading with minimal risks. Find a broker with a license from reputable authorities, such as FCA, ASIC, or CySEC, such as  Go Markets, BlackBull Markets, and FP Markets.

• Overall ranking and experience for T4Trade is Negative