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T4Trade Review

T4Trade Review 2022: Why You Should Avoid This Offshore Broker

Every trader wants the best trading conditions, a superior platform, and excellent market prices. As more and more Forex trading platforms emerge to meet your trading needs, so do fraudulent brokers determined to separate you from your money. 

Are you thinking of trading with T4Trade? T4Trade is a recent offshore broker with irresistible bonuses and leverages. But is it safe to invest with T4Trade? Read this in-depth T4Trade review before committing your hard-earned money.  

If you’ve already traded with T4Trade and lost your money, we can help you recover it. Our team of experienced experts has helped many investors get their cash back. Schedule a free consultation today. 

T4Trade Review: General Overview

T4Trade is a new offshore broker in the Forex market with no history or background information. 

It features a colourful website and claims to be a global leader in online trading. It promises unsuspecting investors the ultimate trading experience with massive sign-up and deposit bonuses. 

T4Trade overview

T4Trade offers trading in over 300 instruments across six asset classes with CFDs on forex, metals, indices, commodities, futures, and shares. 

An Honest Look at T4Trade

T4Trade is a brand owned by Tradeco Limited, with its address in Eden Island, Seychelles. The group also includes another broker called Damadah Holding Limited, operating from Cyprus. 

It has no physical presence in the UK, Germany, or Italy despite targeting the EU and international markets. 

It claims to provide good trading conditions, and you can choose from different trading accounts with fixed and floating spreads. 

T4Trade registration info

Is T4Trade Regulated?

T4Trade’s parent company is authorized and licensed by the Seychelles Financial Services Authority (FSA). This is a huge red flag. Seychelles is an offshore jurisdiction with Tier 3 licensing that doesn’t come close to Tier 1 regulators like the FCA, NFA, or ASIC. 

Offshore regulators have lenient policies that make it easy for scammers to obtain a license. Nearly all fraud brokerages that offer services to international audiences are either unregulated or find a haven in offshore countries. 

Regulators like the FCA, NFA, or ASIC ensure brokers follow strict rules, limit risks, and have compensation funds. The FSA has no strict rules for its brokers, can’t provide the necessary guarantees to investors, and simply lacks the capacity and resources to oversee an internationally operating broker like T4Trade. 

Nothing stops T4Trade from getting away with fraudulent activities while operating under the guise of an offshore license. They don’t require brokers to have negative account protection, client account segregation, or participate in compensatory schemes for insuring your funds from bankruptcy or fraud. 

T4Trade Trading Conditions

T4Trade offers different trading accounts with various spreads and conditions. You can choose standard, premium, or privilege accounts. 

T4Trade account types

The average spread improves as you move from the standard to the privilege account. Scammers use such tactics to get investors to pay the highest minimum for access to better trading conditions and features. 

T4Trade is mysterious about the initial deposit required across the account levels, which is uncommon among regulated brokers. There is also no difference between account types except for the average spreads. 

Can You Trust T4Trade?

At first glance, T4Trade looks like a legitimate, ideal broker. But don’t let the smooth interface and sleekly designed website fool you. Trading with T4Trade is risky, as you’ll discover in the next section of this T4Trade review as we uncover T4Trade scam signals.

1. High T4Trade Leverages

T4Trade offers pretty high leverages of up to 1:1000 across all accounts. It’s a common feature of trading scams meant to lure you in by taking advantage of your human nature to seek the highest possible returns on your investment. 

Only offshore brokers like T4Trade can offer such leverages. Leveraged trading features significant risks, which is why leverage caps are out in place to protect investors. Reputable brokers under the European Securities and Markets Authority (ESMA) can only provide retail traders leverages of 1:30. 

2. No Reversals Allowed at T4Trade

T4Trade seems hellbent on holding on to any money that enters your account, no matter what. Hidden in the Client Services Agreement are some very disturbing clauses. T4Trade does not allow you to make any reversals or chargebacks after making a deposit.

Simply attempting such action intentionally or unintentionally is forbidden and attracts a fee of EUR 60. This highly irregular and standard scamming practice prevents you from reversing your cash. 

No reversals allowed

3. High T4Trade Inactivity Fees

The inactivity policy at T4Trade is very exploitative. The broker reserves the right to charge an administrative fee if your trading activity falls below the normal trading threshold. There’s no mention of what the normal trading threshold is, only that the company will determine it from time to time. 

If you don’t trade or fund your account within a year, T4Trade will charge you an administrative fee of 50 USD. 

4. Numerous Customer Complaints

T4Trade has not been in the forex market for long, yet it has received numerous complaints from previous customers. Common issues customers face include:

  • Withdrawal attempts are denied over and over again
  • Zero help from the support team
  • High-pressure sales strategies from agents and third parties recommending the broker
T4Trade scam

5. Zero T4Trade Social Media Presence

No social media presence in this age of connectivity is a huge red flag for any company. A brokerage firm must be accessible to be trustworthy. T4Trade is purposefully hiding in the shadows, restricting its access to an email address and contact form. 

Zero social media presence

Such outdated accessibility works well for scammers because it leaves no traces in the general public, and they can easily scam you, rebrand and disappear. 

T4Trade Review Conclusion: Avoid This Offshore Scam!

T4Trade is a scam hidden behind an offshore license, a sleek website, huge bonuses, and alluring leverages. Despite its promises, T4Trade remains vague about its services, and you’re likely to come out of it with empty pockets and a broken heart. 

Stay away from this offshore broker to avoid losing your investment and peace of mind!

Talk to our skilled and trustworthy professionals if you’ve lost money trading with T4Trade. We can help you get your money back. Book a free consultation today.

Author

Alan Tepfer

Alan Tepfer has been a pioneer of funds recovery for the victims of online trading scam victims for almost five years. His experience in chargebacks, online trading, and banking spans for close to a decade.

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