Is Time4X a regulated forex broker or a scam?
It is not safe to trade with Time4X as it is an offshore unregulated broker. That means, the Time4X is a scam and not overseen and does not comply with strict international rules that provide protective measures to the traders.
|🗺️ Registered in||St. Vincent and the Grenadines|
|🗺️ Type of License||Offshore License|
|🛡️ Is Time4X safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
Time4X is owned by the : FAH Investment LTD. It is an offshore Forex broker registered in the St. Vincent and the Grenadines with a Financial Services Authority. It is risky to deal with the offshore registration brokers as in average it takes $2000 to get the license. The main advantages of having an offshore license are low costs, speed of formation (it takes only a few weeks to get one) and tax free. Comparing the license from UK’s Financial Conduct Authority, that costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits. In case, of obtaining Italian trading license with the CONSOB, the company would need to have EUR 50,000 of corporate capital.
We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HotForex and Eightcap.
Yet, it is always great to hear your personal opinion about Time4X. So you may share your experience or thoughts or discuss them below or ask us for additional information.
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