Introduction:
T4Trade is one of the leading Forex and CFD brokers, offering trade on more than 350 different assets. Despite being a new forex broker, it is still doing well in the financial sector.
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.
Currently, the broker is focusing on the world-wide markets and is putting out all of its efforts to provide its customers with world-class services.
To learn more about this broker, continue reading this article till the end.
Is T4Trade Legit or Scam?
The best way to find out the safety of a forex broker is to make sure whether a global financial authority regulates it or not.
In this series, T4Trade is a legit broker, having been regulated by the Seychelles Financial Services Authority with licence number SD029
Moreover, the brokerage firm keeps clients’ funds in segregated bank accounts. All these points, including lack of T4Trade complaints, prove the legitimacy of this brokerage platform.
Available Trading Instruments:
With T4Trade, traders can access a wide range of financial markets. The platform offers 350+ assets for trade-in. Some of the major trading instruments available on the platform include:
- Forex
- Commodities
- Cryptocurrencies
- Precious Metals
- Energy
- Indices
Types of Accounts Offered:
When trading with T4Trade, traders have three account options to choose from: Silver, Gold, and Platinum [get today’s current gold-to-silver ratio]. In addition, new traders can also use a demo account for practice.
Here’s a brief overlook at the available account types:
Standard Account:
For traders who aren’t comfortable with forex trading, this account type can be a perfect choice for them. Features of the Standard account include:
- Hedging Allowed
- Leverage – 1:100
- Dedicated account manager
- Customized investment news
- Base currencies include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, etc.
Premium Account:
Traders who have good knowledge of the financial markets can start with a premium trading account. Some of the additional features of this account type include:
- Hedging Allowed
- Leverage – 1:100
- Dedicated account manager
- Customized investment news
- Free VPS
- Fifth decimal
- Swap discount
- Base currencies include GBP/USD, EUR/USD, USD/JPY, NZD/USD, AUD/USD, USD/CHF, USD/CAD, EUR/GBP, and more
Privilege Account:
This account type is especially for seasoned and professional traders. Some of the advanced benefits of this account type include:
- Customized investment news
- Free VPS
- Fifth decimal
- Swap discount
- Base currencies include GBP/USD, EUR/USD, USD/JPY, NZD/USD, AUD/USD, USD/CHF, USD/CAD, EUR/GBP, and more
- Hedging Allowed
- Leverage – 1:100
- Dedicated account manager
How to Open an Account on T4Trade?
The account opening process of T4Trade is quite quick and simple. Here’s a step-by-step guide to make you understand better:
- On the homepage, click on the ‘Trade Now’ button.
- Now, fill out your personal information, such as First name, last name, email address, country code, phone number, and password, and click on submit button.
- After that, complete the questionnaire part and answer all these questions properly.
- Now, complete the verification process by uploading a copy of the government-issued identity card.
- After the verification process, you’ll need to deposit a minimum amount of $250 to start trading.
Customer Support:
T4Trade offers exceptional customer service to its clients. The professional support team responds quickly to customers’ queries.
Moreover, the broker offers customer service through a variety of channels, including telephone, email, and live chat. Here are complete details:
- Email: support@T4Trade.com
Fees, Commissions, and Spreads:
The broker offers a commission-free trading experience to its clients. However, there are some fees that every trader should consider before signing up.
The broker charges currency conversion fees and an inactivity fee for account holders who are not active for more than 90 days.
On the other hand, the brokerage platform offers tight spreads starting from 0.07 pips.
Pros and Cons:
Pros:
- More than 350+ assets to trade-in
- Advance and User-friendly Trading platform
- Well Regulated broker
- Cross-platform trading available
- Easy & Fast account opening process
- One-click access to the market
- Offer high leverage
- Strong data encryption
- Trading platforms are accessible to all browser
- Customer Support 24/5
Cons:
- MetaTrader5 Not Available
Conclusion:
In comparison to other forex brokers throughout the world, T4Trade is a market leader, offering a diverse set of trading products as well as a sophisticated trading platform.
The broker is putting in a lot of effort to ensure that it can fulfil the demands of every investor on the market.
Even though the broker is relatively young, it has already demonstrated that it provides one of the top trading services on the market.
The company is legitimate, and it is licensed by a global financial body. Overall, T4Trade is one of the greatest brokers on the market, with unrivalled safety and security features, and is highly recommended by many.
