Introduction:
Founded in 2006, T4Trade is relatively a newcomer in the Forex Industry; despite this, it has emerged as one of the best Forex brokers in such a short time.
T4Trade, with registered address of F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, is a trade name of Tradeco Limited.
The Group includes Damadah Holding Limited with registration number HE 324249 and registered address at 365, Agiou Andreou, Efstathiou Court, 2nd Floor, Flat 201, 3035 Limassol, Cyprus.
Tradeco Limited, with registration number 8422971-1, is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029.
In addition, the platform provides industry-best services to its clients by offering to trade on Forex, CFDs on Indices, Stocks, Commodities, Cryptocurrencies, etc.
Moreover, the advanced and user-friendly trading platforms such as MT4, WebTrader, and mobile apps have added to the broker’s popularity.
Continue reading this detailed T4Trade review to learn more about the broker and its way of working.
Is T4Trade Legit or Scam?
The broker operates legitimately and hasn’t been involved in any T4Trade scam since starting. Moreover, the brokerage platform is well regulated by a global financial watchdog.
Here are some of the points that prove why T4Trade is a legit broker:
- Registered in Seychelles under license no HE 324249.
- Regulated by the Seychelles Financial Services Authority.
- Keeps Clients’ Funds in Segregated Accounts.
- The broker abides by all the laws of the EU, MiFID, and Investors Compensation Fund (ICF).
Major Trading Instruments Available:
Currently, the platform offers 350+ assets to trade-in. In addition, traders can access these markets through the most advanced and user-friendly platforms offered by the broker: MT4, WebTrader, and Mobile application.
The list of available trading instruments is as follows:
- 45+ Forex Pairs
- 30+ Cryptocurrencies
- 20+ Commodities
- 15+ Major Stock Indexes
- 150+ Stocks
Types of Accounts Offered:
The broker primarily offers three types of trading accounts to its clients. Alternatively, you can also use a demo trading account if you’re new or hesitate to enter the market.
The three primary trading accounts offered by the broker are as follows:
Standard Account:
This account type is best for traders with no or little knowledge about the markets and the trading. Here are some features of this account type:
- Hedging Allowed
- Wide Range of Currency Pairs
- Fifth decimal
- Dedicated customer support
- Spreads as low as 0.07
- Maximum leverage of 1:200
Premium Account:
This account type is specially created for traders with a good understanding of financial markets. Here are some of the features:
- Hedging Allowed
- Free VPS
- Fifth decimal
- Dedicated account manager
- Webinars and videos
- Swap discount 25%
- Spreads as low as 0.05
- Maximum leverage of 1:400
- Wide Range of Currency Pairs
VIP Account:
This account type best suits the seasoned and professional traders only. Some of the features of this trading account include:
- Hedging
- Fifth decimal
- Swap discount of 50%
- News and price alerts
- Dedicated account manager
- Webinars and videos
- Offers top products
- Free VPS
- Spreads as low as 0.03
- Maximum leverage of 1:500
How to Open an Account on T4Trade?
The account opening process of this brokerage platform is hassle-free and fully digital, meaning there’s no requirement for physical verification.
Here’s a step-by-step procedure for opening an account on this platform:
- Firstly, visit the official website of the broker.
- Click on the ‘Open Account’ button, and you’ll be redirected to the application form.
- Fill out all the required information such as name, country, contact number, and email address for verification.
- Now, upload a copy of the government-issued identity for the verification process.
- After that, choose a preferred platform and make a deposit to get started.
Customer Support:
The multilingual support team of T4Trade works round the clock to solve all of its clients’ queries. In addition, the team is so professional and responds quickly.
Users can contact the customer support team through a variety of channels, including:
- Email id: support@T4Trade.com
- Live Chat Option
- ‘Contact Us’ Form
Fees, Commissions, and Spreads:
The platform offers commission-free trading, as the broker earns from spreads. These spreads are variable according to different accounts and asset types.
Spreads for different account types are as follows:
- Standard Account – From 2.2 Pips
- Premium Account –3 Pips
- VIP Account – From 0.7 Pips
On the other hand, the broker charges overnight fees for holding positions overnight. In addition, there’s an inactivity fee for accounts inactive for more than 60 days.
Pros and Cons:
Pros:
- Well Regulated by the global financial watchdog
- Offers Advanced and User-friendly Platforms: MT4, WebTrader, and Mobile App
- Access to 350+ financial markets
- Higher Leverage
- Tight Spreads starting from 0.07 pips
- Multilingual Customer Support
- Commission-free Trading
Cons:
- MetaTrader5 Not Available
Conclusion:
Overall, T4Trade provides a best-in-class trading experience to clients seeking access to a diverse range of markets and asset classes.
Clients can access all the tools and features they need to start trading with over 350 financial products available through the MetaTrader4 and web platforms.
In addition, the educational resources available on the website provide useful information for both novice and experienced traders.
