T4Trade broker definitely has an interesting and colorful website, displaying information about bonuses, unregulated leverage, and everything else that Tier 1 regulators prohibit.
As this is the case, we wanted to ensure that you won’t be scammed by this offshore firm, which was the main reason for our T4Trade review. Please read carefully.
T4Trade is a brand of Tradeco Limited, registered in Seychelles. Thus, T4Trade regulation comes from the Tier3 zone, the Financial Securities Authority of Seychelles. While this may provide small comfort, we want to explain the main difference between Tiers.
For instance, Tier1 regulators such as FCA, ASIC, and BaFin ensure that companies follow strict rules, limit risks, and have compensation funds.
On the other hand, the FSA of Seychelles requires brokers to fill out a basic form containing company information, details about the person in charge, banks, and lawyers.
Upon review, brokers have to pay a registration fee of around $2,000, and they’re free to provide financial services. As you can tell, it’s not quite the best way to ensure that clients won’t be scammed, and there’s no way for the FSA to reimburse those who file a complaint.
Note that a Tier3 license is worth nothing without Tier1 regulation, and don’t fall for the broker’s story.
As per our review, the T4Trade trading scam is mainly active in:
Once you open the broker’s website from any non-EU IP, you will see a notification that the firm operates only in the EU and the EEA zone. Yet, it has no regulation for such services.
Scammers have various ways of contacting their victims. For instance, T4Trade Forex broker calls its existing and potential customers numerous times, convincing them to accept the offer.
If you decline calls or block all broker numbers, you may be approached via email. The firm will send you all kinds of offers and promotions, luring you into a trap.
If you have never registered for investing, you may be approached via social media or dating apps. Scammers tend to contact their victims via Instagram and Facebook messages, telling a story about making millions and convincing you to try this fantastic financial opportunity they found.
Besides, you may be approached by potential dating prospects on Tinder, Bumble, or Grindr. Fraudsters discovered a way to mix romance and financial schemes, targeting both men and women.
You may be in touch with a potential love interest for months before they’ll propose a joint investment.
Don’t trust people you’ve never met, and stick with the good old rule – if it sounds too good to be true, it probably is.
The broker T4Trade has quite a solid support team trying to get ahold of their victims in any way possible. They will call and email you, pressuring you to invest right here and right now.
Once you make the initial deposit, you’ll be assigned an account manager who will assist you and educate you about the platform. For this purpose, an account manager may prompt you to download TeamViewer or AnyDesk, remote desktop software.
This way, they’ll have access to your online banking and be able to access your funds and quickly transfer them to the company or themselves.
Be careful, and don’t let anyone you don’t trust access your device or personal information.
If you check Trustpilot, you will find that T4Trade reviews are quite solid. The broker is rated average, with a score of 3.5 stars.
However, note that new investment firms tend to write their own reviews initially, while clients’ real opinions come after they defraud enough people. That’s precisely what happened to the broker T4Trade, and we will share a few recent comments.
“Worst experience ever. I’ve been trying to withdraw with them for near enough 3 weeks. Every time I message they have an excuse.
I have sent emails, checked with them over chat. They say they will send me a code so that I can track the transfer they cant even send that.”
“So they said they had issues with the server or something
basically all my money got stolen out of my account by the owners of the broker self.
they said the profit you made on the trade during that time will be extracted, they extracted over 1.8K for 1trade?
litterally my whole account got wiped out and istarted trading with hard earn money on it!!!!!!”
The only good thing about this entire review would be T4Trade trading platform. The company offers MT4, one of the best industry software with the largest number of charts and indicators. However, here’s the issue.
Regulated EU and UK brokers have leverage limits set at 1:30 or 1:50 for the Forex market, reducing risks. T4Trade provides leverage of up to 1:1000, overexposing your funds and ensuring you lose everything you invested in within minutes.
T4Trade login is enabled through a dedicated Android and iOS app. Yet the same issue with unregulated trading conditions stands.
If you’re not a fan of MetaTrader or simply prefer a web-based platform, this broker gives you access to a proprietary WebTrader.
T4Trade traders can access five markets, including:
The spread starts at 2.1 pips for the Standard account to 1.2 pips for the Privilege account. Allegedly, the company charges no fees for any accounts, so the logical question is how they make money.
If a trading firm doesn’t charge small commissions, it means their utmost goal is not legitimate profit but your entire deposit.
There are 4 T4Trade account types, including:
The main difference is the spread and base currency since the Cent account is based on crypto and USC. T4Trade’s minimum deposit wasn’t disclosed, so you’ll have to get this information from the broker.
T4Trade enabled Demo account, but that’s just another lure. If you think that everything goes well, you may be relaxed and feel good about investing.
Yet, the real struggle will start when you deposit real funds and need to get a withdrawal.
Global Fraud Protection has years of experience dealing with scheme firms and can assist you in this matter. Don’t let scammers run with your life savings, let’s stop them together. Act now!
T4Trade is an online Forex and CFD trading provider based offshore. Since the firm has an offshore license, you can easily be defrauded. If it happens, contact us for assistance with the refund.
T4Trade broker never specified its minimum deposit requirements.
You can trade CFDs on commodities, indices, shares, and futures, but not crypto.
The broker never mentioned withdrawals or specified the time to receive the funds.
Yes, T4Trade offers a Demo account, but the real problem starts with the initial deposit.
T4Trade is an online Forex and CFD trading provider based offshore. Since the firm has an offshore license, you can easily be defrauded. If it happens, contact us for assistance with the refund.
T4Trade broker never specified its minimum deposit requirements.
You can trade CFDs on commodities, indices, shares, and futures, but not crypto.
The broker never mentioned withdrawals or specified the time to receive the funds.
Yes, T4Trade offers a Demo account, but the real problem starts with the initial deposit.
The post T4Trade Review – What We Discovered About T4Trade.com Platform appeared first on Global Fraud Protection.
