T4Trade Review 2023: Is It a Safe & Legit Broker?

About T4Trade

The question of which forex broker to use is one of the most challenging for traders. The abundance of available online forex brokers makes selecting the best one more challenging. But don’t worry as T4Trade is one such broker that quickly rose to the top of forex broker rankings. T4Trade is authorised and regulated by the Seychelles Financial Services Authority.

T4Trade Overview

Official Website https://www.T4Trade.com/
Headquarters F20, 1st Floor, Eden Plaza, Eden Island, Seychelles
Regulated Seychelles Financial Services Authority (FSA)
Market Instruments Forex, Metals, Indices, Commodities, Futures, Shares
Product Offered T4Trade WebTrader App, WebTrader, MetaTrader4
Minimum Initial Deposit $50, $250 (for Affiliates)
Maximum Leverage 1000:1
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
TradingView No
Trading fees No
Inactivity fee 3%
Withdrawal fee No
Supported currencies USD, EUR, GBP
Customer Support 24/5 via Live Chat & Email Support

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The broker offers its customers superb trading services. Using this broker, traders have access to world-class platforms. All they need to get started is a trading account and a solid grasp of the global financial markets. With generous sign-up and deposit bonuses, the broker promises to provide inexperienced investors with the best trading experience possible.

T4Trade’s leading trading platforms also provide trading on a number of asset classes, including forex, metals, commodities, stocks, and indices, as well as other asset classes. But that’s not all. There is still a lot to discover about this broker. To learn more about the services this broker offers, read this T4Trade review.

T4Trade User Interface

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T4Trade User Experience

Regardless of the version you choose to use, T4Trade’s focus on the user experience has resulted in a seamless user experience. Each desktop and mobile app version has a range of movable features that let users customise the trading platform to suit their particular needs and preferences. Users can customise the dashboard using the multi-language option to match their native language. The mobile app’s single-screen presentation of trader positions and balances makes it easy to manage your assets quickly. T4Trade makes it easy to initiate, execute, and monitor trades on both the web and mobile platforms.

Features of T4Trade

T4Trade offers all the tools for research and analysis that you would anticipate from a significant online broker. Customers of T4Trade have access to a broad range of trading opportunities on both the web platform and mobile apps. Beyond that, users of T4Trade can find the following features:-

Licensed and Regulated

T4Trade is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029.

Security of Funds

Client funds are held in segregated accounts with top-tier banks.

Fast Execution

T4Trade ensures the fastest possible trade execution for their clients.

Features of T4Trade

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A Wide Range of Financial Instruments

You can trade over 300 trading instruments across 6 asset classes including forex, shares, metals, futures, commodities and indices.

The Best Prices

T4Trade provides traders with low spreads and competitive and reliable pricing.

Dedicated Support 24 Hours a Day

The more you demonstrate that you value your clients, the more likely it is that they will return and refer others to you. In light of this, T4Trade provides excellent customer service to its clients and makes this one of its top priorities. Customers can contact customer service representatives by phone, email, etc. To assist consumers quickly, there is also a FAQ section that includes simple answers to complex questions.

Flexible Leverage up to 1:1000

Due to the ability to accelerate prospective returns, leveraged trading has grown to be a very alluring choice for traders and investors. You can gain greater exposure to the market as T4Trade offers flexible leverage up to 1:1000.

Spreads Starting from as Low as 0.0 Pips

Since top forex brokers compete for your business, several now provide zero-spread trading accounts as an added perk. You can also discover spreads that begin at zero pips.

For Forex traders who use scalping as a trading strategy, low spreads are crucial. In the long run, these lower your trading expenses, especially if you are a frequent trader. Trading using a zero-spread account, as long as there are no additional commissions or fees, makes it simple to initiate and exit a transaction without worrying about racking up trading charges.

T4Trade Bonuses: Trade with Extra Boost

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T4Trade Review: Pros and Cons

Pros Cons
 Licenced via offshore jurisdiction.  It has non-transparent fees.
 Offers MetaTrader 4 platform.  Offers improper bonuses.
 Offers competitive fixed and floating spreads.
 Simple & fast deposits and withdrawals.
 Dedicated customer care professionals.

T4Trade Trading Platforms

T4Trade Web Trader App

Because T4Trade offers a brand-new online trader app, consumers may trade easily from any device. The app is simple to install on Android, Mac, Windows, and iOS. After signing up with T4Trade, you can use the Client Portal to access the Web Trader App. You can enjoy a seamless trading experience on your mobile with the Web Trader app. The mobile trading software enables users to swiftly and easily place orders. Additionally, you can analyse market data on the go, including equities, commodities, stock indexes, etc. The app will send alerts no matter where you are to inform you about the most recent happenings in your portfolio.

WebTrader

Some customers consider installing trading software a little inefficient. Traders can trade on MT4 WebTrader without downloading extra software. Many traders worldwide find WebTrader to be appealing due to its user-friendly layout. You can trade forex without installing any additional software on your devices from any browser or operating system.   You may start trading and access all of your account information with just a few clicks. The WebTrader software offers one-click trading and many charts for comparing assets.

MetaTrader 4

MT4 is one of the best trading platforms for traders. This is a renowned platform for its built-in features, which include fast trade execution, a variety of trade execution modes, a toolbox for analysis, and order history. The programming language on which MT4 is based makes it appropriate for novice traders who are not highly involved in developing their own algorithms for their trading strategies. Thus, if you’re a beginner, MetaTrader4 is the best trading platform for you.

T4Trade MT4 Platform

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Market Instruments by T4Trade

The asset and contract classes that can be traded collectively comprise trading instruments. Each of the instruments listed below is distinct and has qualities that make it advantageous to trade with them. To reach your financial objectives, diversify your portfolio by investing in various instruments depending on your risk tolerance.

Forex

Foreign exchange, the world’s most common transaction category, is also offered by T4Trade. FX markets enable flexible trading because there are no restrictions on trading volume. Many participants in the foreign exchange market might benefit from the likelihood of making gains by analysing the price movement of trading assets, currencies, and securities.

Metals

Precious metals like gold, silver, palladium and platinum are a useful way to diversify a portfolio and hedge against inflation.

Indices

Indices are an ideal way to trade a basket of stocks and diversify a portfolio across different sectors.

Commodities

Commodity trading offers lots of trading opportunities due to their low or negative correlations. You can trade a wide range of commodities, including crude oil.

Market Instruments by T4Trade

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Futures

A futures contract is a legal agreement to buy or sell a particular commodity asset or security at a predetermined price at a specified time in the future. Futures contracts are most frequently used for trading goods such as soybeans, cocoa, crude oil, etc.

Shares

A share is an equity ownership stake in a firm. Any gains the company makes that are distributed to shareholders as dividends are their property. Most portfolios typically are built on shares, which historically have outperformed other investment options over the long term.

T4Trade Account Opening Process

The forex broker offers traders three different types of accounts to select from. There are five steps in opening different trading accounts:-

  1. The first step is to visit the company website.
  2. Sign up to create an account.
  3. Enter your first and last name, email address, country code, phone number, and password in the given fields of the trading account.
  4. Users should also fill in the trading account type, instrument details, and other informational fields.
  5. Traders must deposit a minimum of $50 before moving on to the final step.
  6. This registered broker requires identification verification, proof of address, and a minimum deposit. Therefore, at this point, traders must present identification verification documents.

T4Trade Account Sign Up Process

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T4Trade Account Types

The T4Trade website offers different trading account types to meet your trading needs. Professional traders can pick the best account based on their requirements, risk tolerance, and trading tools and objectives because these accounts come with various spreads and conditions.

Standard

The standard account’s average spread is 2.1, with maximum leverage up to 1:1000. For new users, it also provides a demo account. This account has three basic currency options: USD, EUR, and GBP.

Premium

The maximum leverage for the Premium account is 1:1000, and the average spread is 2.1. This account offers the three fundamental currencies of USD, EUR, and GBP.

Privilege

The Privilege account’s maximum leverage is 1:1000, and its typical spreads are 1.2. The USD, EUR, and GBP are the three basic currencies available on this account.

However, to give more details on benefits you will get in particular account, check the below tables:-

Live Floating and Fixed Spread

Live Floating and Fixed Spread Standard Premium Privilege
Average Spread 2.1 1.7 1.2
Flexible Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000
Base Currency USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP
Min Lot Size 0.01 0.01 0.01
Commission No No No

Cent Account

Cent Account Standard
Average Spread 2.1
Flexible Leverage Up to 1:1000
Base Currency USC
Min Lot Size 0.01
Commission No

T4Trade Leverage & Margin Requirements

Flexible leverage is available at T4Trade up to 1:1000. Additionally, the minimum lot size in this location is 0.01.

T4Trade Fees

The broker does not mention deposit and withdrawal fees on the website or in the Client Services Agreement. They may charge a 3% administration fee for no trading activity. No refunds after making a deposit are some very disturbing clauses in the agreement.

Deposit and Withdrawal Methods

Deposits and withdrawals with T4Trade are simple processes. T4Trade allows traders to deposit and withdraw funds through various methods. Skrill, Neteller, bank transfer, credit/debit cards are some of the most often used deposit and withdrawal methods on the platform. The processing time varies depending on the payment method and is free for deposits and withdrawals.

Trading Commissions and Fees

The broker makes no clear mention of deposit or withdrawal fees. If they determine that your account has no trading activity, they may levy a 3% administration fee against you by the Client Services Agreement.

T4Trade Academy

Webinars

One of the best methods to learn about the forex market is through webinars. T4Trade is a suitable platform for traders to learn about the market through free webinars.

Podcasts

Podcasting is a powerful and more contemporary platform for regulated brokers and agents looking to network and broaden their audience. T4Trade is also putting forth a lot of effort in this regard. Each episode of the T4Trade series, hosted by eminent professionals, provides traders with useful strategies, insights, and new developments.

Forex Podcast from T4Trade

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Video on Demand

Through videos, the T4Trade platform also provides trading advice and market observations. You may obtain daily updates and the most recent financial news with just a one-minute video.

T4Trade Restricted Countries

T4Trade does not provide its services to citizens of the following countries:-

  • USA
  • Iran
  • Cuba
  • Sudan
  • Syria
  • North Korea

T4Trade Security Measures

T4Trade, a trustworthy company, has strict security regulations. Users have routinely given it good ratings on many reviews on different websites. Your account, personal data, and financial assets are safe with them since their security measures have been meticulously created, tested, and put into place by the Seychelles Financial Services Authority. These precautions include guarded paperwork as well as digital safeguards. T4Trade is an overall safe platform.

T4Trade Customer Support

This is one of the best-regulated brokers who have established strong foundations for an advanced and transparent trading environment for all investors, including 24-hour multilingual assistance and a wide range of services.

The customer service team is prepared to offer you an unmatched degree of assistance by answering all your questions.

The support system puts a lot of effort into providing multilingual support, meeting and exceeding its clients’ expectations. The broker recognises that trading is a demanding endeavour, so they make an effort to be accessible around-the-clock and to respond to any of your enquiries in a helpful and informative manner.

T4Trade Live Chat Support

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T4Trade Review: Conclusion

T4Trade, based in Eden Plaza, Eden Island, Seychelles, is a trustworthy brokerage platform with many alluring trading conditions. Both novice and experienced investors can implement their preferred trading strategy with the help of a robust selection of assets, trading tools, and educational materials. With seamless movement between online, mobile, and desktop versions, finding what you’re searching for is simple. T4Trade’s reputation as a user-friendly solution is further strengthened by its excellent customer support choices. Overall, T4Trade’s comprehensive platform has everything investors may require to implement their trading plan completely.

FAQs

Is T4Trade a Legit Broker?

It is 100% legitimate because of the Seychelles Financial Services Authority’s authorisation. Our T4Trade review has already covered the details of its regulations.

Is T4Trade Safe or Scam?

The brokerage firm is completely safe and gives fantastic trading conditions and advantages.

Is T4Trade Regulated in the UK?

No.

Do T4Trade Offer Bonuses?

Yes, T4Trade offers 3 bonuses. The 100% Supercharger Bonus, the 40% Takeoff Bonus up to $4,000 and a 20% Welcome Bonus with up to an extra $2,000. Terms and conditions apply. The bonus cannot be withdrawn.

What Is T4Trade Minimum Deposit?

The minimum deposit is $50.

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