T4Trade Review – Who Is Behind T4Ttrade.com?
T4Trade Review, Owned by Tradeco Limited, this broker runs a fraudulent operation. They offer access to various trading instruments: forex, metals, indices, commodities, futures, and shares.
Their commission is advertised as non-existent, while the leverage can be brought up to 1:1000. They also include the Live Floating and Fixed Spread (starting from 0 pips) in the advertisement.
This broker is new on the market, and we wouldn’t recommend you succumb to its charismatic appearance. Flashy images and promises of great success will not help you get returns on your investments.
|Address||F20, 1st Floor, Eden Plaza, Eden Island, Seychelles|
|Leverage||Up to 1:1000|
Is T4Trade a Reputable Broker? License and Fund Security
When considering whether to do business with T4Trade you might want to take a deeper look into its license.
Advertised as a regulated broker, T4Trade is operating under the Seychelles Financial Services Authority. Seychelles regulator is notorious for having liberal rules on giving out broker licenses.
Demanding less capital to get a license is not as alarming as allowing to do business without “Account Segregation” and “Negative Balance Protection”. These policies influence fund security greatly.
Their website also lists that Tradeco ltd. is part of a group with Damada Holding registered in Cyprus. This is misleading info to lure potential investors.
T4Trade Trading Platform Overview
T4Trade is operating using the MT4 (MetaTrader4) platform and WebTrader version.
MT4 is well established go-to platform for many brokers. It has a large number of charts and indicators, as well as advanced features, such as EAs and social trading.
However, you should note the broker’s offshore status and unregulated trading terms, such as incredibly high leverage. All this puts your funds at risk.
T4Trade Offers Exclusive Bonus
The offered bonuses include:
- 100% Supercharger Bonus,
- 40% Takeoff Bonus, and
- 20% Welcome Bonus, with a note that bonuses can’t be withdrawn.
There is no way of opting out of these bonuses. They are only there to be used usually as a way to lure you in.
They offer a prize for the best performers in their “Top Traders League” with a prize pool of 10,000$. The eerie image of empty winner brackets lingers on the “Top Traders” page as it reminds us of the fact that the only winner there is T4Trade.
Deposit and Withdrawal Methods at T4Trade
T4Trade is not displaying clearly what policies on deposits and withdrawals are. This is unusual, to say the least.
The company reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without entering one trade.
The FAQ section provides information that all deposits and withdrawals are 100% automated with a simple, easy-to-use interface.
If there are no clear policies on how to invest and withdraw your funds, the likely outcome is that each payout request will be denied and your investment account will eventually be frozen.
How They Execute the Scam
The amount of effort put into this fraudulent project is impressive. On the surface, everything is white-washed and easy to use. It’s much easier to put funds in than to take funds out of your account if you get any at all.
They start charging fees that they never advertised and should you stop trading with them they charge you fees for not trading. Very soon you are locked into investing more, or face losing all funds.
Fraudulent trading firms will do and say anything to hook you in. Once you make an initial deposit, they’ll do whatever they can to keep you investing and dissuade you from withdrawals. If you ever feel like the firm is more interested in your deposit than helping you trade, report it immediately.
We recommend you avoid this brokerage, as it turns out, it’s just a new fraudulent firm on the market with a misleading website.
Having an MT4 platform is not enough to compensate for the lack of transparency and hidden fees that await the unsuspecting victims.
It is operating under the Seychelles regulator (FSAS), leaving enough room for scam execution. Be warned, that this unscrupulous broker is involved in fraudulent trading activities.
If you have been scammed by this or any other fraudulent broker, we would be grateful if you could share it with us.
FAQs About T4Trade Broker
What Is The T4Trade Minimum Deposit Amount?
The minimum deposit amount advertised is $500.
What Are The Trading Instruments Available at T4Trade?
They offer access to various trading instruments: forex, metals, indices, commodities, futures, and shares.
What Account Types Does T4Trade Offer?
T4Trade offers 4 accounts: Cent, Standard, Premium, and Privilege. Those accounts differ in average spread ranging from 2.1 to 1.2.