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T4Trade Review 2024

By:
Plamen Stoyanov
Updated: Jan 24, 2024
Overall Rating
3.8
  • Trust
    2.3
  • Fees
    3.4
  • Platforms and Tools
    3.9
  • Tradable Instruments
    4.9
  • Customer Support
    3.7
  • Research
    4.4
  • Deposit and Withdrawal
    4.9
  • Account Types and Terms
    4.1
  • Education
    4.3
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on T4Trade

    Established in 2021, T4Trade is an emerging CFD broker based and regulated in Seychelles, serving traders globally. The broker offers access to a diverse portfolio of over 300 tradable instruments across major asset categories.

    T4Trade provides various account options, incorporates the widely-used MetaTrader 4 platform, and features an innovative copy trading service named ‘TradeCopier’.

    My analysis indicates that T4Trade’s fees are above the industry average, and the broker offers limited client protection.

    T4Trade Pros and Cons

    Pros Cons
    • Best execution policy
    • Diverse account types
    • Wide choice of FX pairs and commodities
    • Low Bitcoin spread
    • Only one Tier-3 regulation
    • Limited choice of platforms

    T4Trade Highlights for 2024

    • Offshore Regulation: T4Trade operates a single entity that is licensed offshore by FSA Seychelles. It adheres to some of the essential safety requirements.
    • Varied Prices: I assessed T4Trade’s spreads, swaps, and commissions and determined that, in some cases, they fall below the industry average and, in others, exceed it.
    • Best Execution Policy: The broker has issued a ‘best execution policy’ guaranteeing delivery of optimal price feeds under prevailing market conditions.
    • Copy Trading: Signal providers and signal followers can take advantage of T4Trade’s ‘TradeCopier’ service for copy trading.
    • In-House Podcast: T4Trade has developed its own podcast, offering traders valuable insights into trading.

    What Sets T4Trade Apart?

    T4Trade has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments.

    Who is T4Trade For?

    T4Trade and its services are generally geared towards copy trading. Those interested in following the strategies of successful traders can use the ‘TradeCopier’ service to search for a trading system that best matches their goals, needs, and means on the market, whereas signal providers can use it to promote their strategies and earn performance fees.

    I performed my tests on a Standard T4Trade trading account using the desktop and mobile app versions of the MetaTrader 4 platform. The account was opened with the Tradeco Limited entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.

    T4Trade Main Features

    ☑️ RegulationsFSA (Seychelles)
    🗺 Supported Languages
    English, Indonesian, Dutch, Portuguese, Czech, Arabic, Spanish, Chinese, Vietnamese, German, Bulgarian, French, Greek, Hebrew, Italian, Japanese, Korean, Polish, Romanian, Russian, Turkish, Hindi
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities, Futures
    💵 Min Deposit$100
    💹 Max Leverage1:1000 (FSA)
    🖥 Trading Desk TypeSTP, No dealing desk
    📊 Trading PlatformsMT4
    💳 Deposit OptionsLocal Transfer, Neteller, Skrill, Credit Card, PerfectMoney, Wire Transfer, Debit Card, GooglePay, Cryptocurrencies, Paysafe
    💳 Withdrawal OptionsWire Transfer, Local Transfer, Neteller, Skrill, Credit Card, PerfectMoney, Debit Card, Cryptocurrencies, Paysafe
    🤴 Demo AccountYes
    🗓 Foundation Year2021
    🌎 Headquarters CountrySeychelles
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    T4Trade Full Review

    Trust

    2.3
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    T4Trade has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms. I determined that T4Trade is generally transparent.

    T4Trade Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about the single entity operating under the T4Trade trade name:

    • Tradeco Limited is licensed and regulated by the Financial Services Authority (FSA) in Seychelles under license number SD029. We rate the FSA as a Tier-3 regulator.
    Tradeco Limited’s licensing info on fsaseychelles.sc

    We have summarized the most essential aspects of T4Trade in terms of regulation and safety in the table below:

    Entity Features Tradeco Limited 
    Country/Region Seychelles, Eden Island
    Regulation FSA
    Tier 3
    Segregated Funds Yes
    Negative Balance Protection Yes
    Compensation Scheme  No
    Maximum Leverage  1:1000

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

    Here is what you need to be looking for in a broker in terms of safety mechanisms:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. T4Trade ensures the segregation of client funds.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. T4Trade ensures negative balance protection.
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Clients of Tradeco Limited are not protected by such a compensation scheme.
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with T4Trade is 1:1000.

    Is T4Trade Safe to Trade With?

    T4Trade is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    I tested T4Trade’s transparency by checking the availability of essential information on the website. Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way.

    I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning T4Trade’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment.

    In summary, my research indicates that T4Trade can be regarded as having a sufficient level of trust and stability due to the following factors:

    • Regulated by the FSA Seychelles
    • Has issued a ‘best execution policy’
    • Adheres to most safety requirements
    • Has easily accessible legal documents

    Fees

    3.4
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    T4Trade offers commission-free trading and above-average floating spreads. Its overnight fees are average for the broader industry. The broker does not charge deposits and withdrawals but has issued an inactivity fee.

    T4Trade’s Trading Fees

    T4Trade’s Spreads

    I tested T4Trade’s spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 15 December 2023. The results are shown in the table below:

    Instrument Live Spread AM Live Spread PM
    EURUSD 1.9 pips 1.8 pips
    GBPJPY 2.8 pips 3.2 pips
    Gold (XAUUSD) 38 pips 38 pips
    Crude Oil 0.04 pips 0.04 pips
    Apple NA 0.32 points
    Tesla NA 0.34 points
    Dow Jones 30 3.0 basis points  3.0 basis points 
    Germany 40 4.5 basis points  4.5 basis points
    Bitcoin $19 $19

    Broken down by asset class and compared to the broader industry, T4Trade offers low spreads on cryptocurrencies and share CFDs, average spreads on commodities, average-to-high spreads on indices, and high spreads on currency pairs.

    T4Trade’s live spreads data on the website

    T4Trade’s Swaps

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $9.75 Credit of $1.01
    GBPJPY  Credit of $10.50 Charge of $37.85

    My tests indicate that T4Trade’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.

    T4Trade’s Non-Trading Fees

    T4Trade does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade.

    Are T4Trade’s Fees Competitive?

    The competitiveness of T4Trade’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. However, the broker’s spreads on currency pairs are quite elevated.

    Accounts Comparison

    I have compiled the table below to help you better understand the difference between the trading fees on T4Trade’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.

    To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

    Account Type* Spread  Commission** Net Cost
    Standard 1.9 pips $0 $19
    Premium 1.5 pips $0 $15
    Privilege  1.0 pips $0 $10

    *The numbers in this chart are only illustrative and subject to change over time

    **Round-turn commission

    My tests indicate that T4Trade’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.

    Platforms and Tools

    3.9
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    T4Trade incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. T4Trade also supports copy and automated trading.

    MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve.

    MT4 is suitable for copy trading. It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go.

    MT4’s depth of markets tool

    However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. While it is true that MT4 has earned its reputation for being the first majorly successful retail platform, pretty much setting the standard for what such a platform must offer, its rugged design and mostly outdated charting tools make it obsolete. At least when it comes to executing penetrating technical analysis.

    T4Trade’s Desktop MetaTrader 4 Platform

    MT4’s main panel

    General Ease of Use

    MetaTrader 4 is easy to navigate because of its simplistic design. It could be argued that MetaTrader set the standard for how retail platforms should be organized. Account info is displayed at the bottom of the screen; charts occupy the middle portion of the window; a watch list of selected instruments and tools screen is positioned on the left side of the window; and a panel with various settings and configurations can be found at the top of the window.

    Charts

    I consider the chart screen a platform’s most important feature. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action.

    MT4’s chart screen

    I have broken down the available analytical tools and chart configurations below:

    • 30 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next. The problem with MetaTrader 4, in my opinion, is that applying 2 or more indicators to the chart obscures price action rather than contextualizing it. This is due to the ruggedness of MT4.
    • 24 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels. Despite the rather big collection of drawing tools, the ruggedness of MT4 makes it difficult to discern price action behavior.
    • 9 timeframes. MT4 allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term.
    • 3 chart types. Price action can be represented as a line, bars, or candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

    Orders

    Order placing window

    I have broken down the available order types on the MetaTrader 4 platform below:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    My Key Takeaways After Testing the MetaTrader 4 Platform

    One of the best things about MT4 is its simplified order execution. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. The absence of an instrument search bar illustrates this.

    As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. But MT4 is not such a platform. I found its charting capabilities quite rigid and ineffective. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis.

    T4Trade’s MT4 Mobile App

    A watchlist of selected instruments (left), chart screen (middle), and order placing screen (right)

    T4Trade’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

    My Key Takeaways After Testing MT4’s Mobile App

    MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed.

    Tradable Instruments

    4.9
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    T4Trade offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With T4Trade?

    I have broken down the available instruments with T4Trade below:

    • 84 Currency Pairs
      Major, Minor, Exotic
    • 18 Commodities
      Metals, Agriculture, Energy, Futures
    • 146 Share CFDs
      US (93), UK (20), EU (33)
    • 19 Indices
      US, UK, EU, Asia
    • 35 Cryptocurrencies
      Major and Minor
    • 9 Futures
      Indices, Currencies
    Forex Commodities 
    EURUSD | GBPJPY | AUDCAD | GBPCHF | USDBRL | CHFNOK Gold | Crude Oil | Wheat | Platinum | Sugar | Cotton | Corn | Rice
    Share CFDs Indices
    Apple | Tesla | Microsoft | Boeing | Facebook | Barclays | Siemens AG EUR50 | GER40 | CAC40 | NETH25 | Swiss20 | HK50 | Italy40 | Jpy225
    Cryptocurrencies Futures
    Bitcoin | Ripple | Litecoin | Dogecoin | Iota | Cardano | Tron | Ethereum | EOS E-mini S&P 500 | E-mini Dow | Euro Futures | Yen Futures | Corn | Wheat

    Compared to the broader industry, T4Trade offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies.

    My Key Takeaways After Exploring T4Trade’s Tradable Instruments

    T4Trade has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure.

    Customer Support

    3.7
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    T4Trade offers 24/5 support over live chat and email. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. There is no option to reach T4Trade’s support by phone.

    The easiest way to get in touch with T4Trade is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.

    Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about T4Trade’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model.

    My conversation with T4Trade’s customer support

    Deposit and Withdrawal

    4.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    T4Trade works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. Transaction times vary but are generally within the norm.

    T4Trade’s Deposit Methods

    Payment Method Currencies Fee Processing Time
    Bank Wire EUR, USD, GBP, AUD, JPY, CHF, PLN, RUB, HUF $0 Up to 3 business days
    Credit/Debit Card EUR, USD, GBP $0 Up to 24 hours
    Google Pay USD, EUR, GBP, AUD, CHF, CZK $0 Up to 24 hours
    Apple Pay USD, EUR, GBP, AUD, CHF $0 Up to 24 hours
    Skrill EUR, USD, GBP $0 Up to 24 hours
    Neteller EUR, USD, GBP $0 Up to 24 hours
    Digital Assets BTC, USDT $0 Up to 24 hours
    Local Agent Not Specified $0 Up to 24 hours
    Perfect Money EUR, USD $0 Up to 24 hours
    Paysafe Card EUR $0 Up to 24 hours

    T4Trade’s Withdrawal Methods

    Payment Method Currencies Fee Withdrawal Time
    Bank Wire EUR, USD, GBP $0 Up to 8 business days
    Credit/Debit Card EUR, USD, GBP $0 Up to 8 business days
    Skrill  EUR, USD, GBP $0 Up to 24 hours
    Neteller EUR, USD, GBP $0 Up to 24 hours
    Digital Assets EUR, USD, GBP $0 Up to 24 hours
    Local Agents EUR, USD, GBP $0 Up to 24 hours
    Perfect Money EUR, USD, GBP $0 Up to 24 hours
    Paysafe Card EUR, USD, GBP $0 Up to 24 hours

    Most deposit and withdrawal requests are processed by T4Trade within 24 hours. Transaction times may, however, vary. In most cases, payments to and from T4Trade accounts are free of charge, though third-party banking fees may apply. The only time the broker may charge a $55 handling fee is for withdrawals below $300. Withdrawal requests above this amount are free of charge.

    Account Types and Terms

    4.1
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    T4Trade offers four retail account types, including a Cent account geared toward beginners with a minimum deposit requirement is $100. The broker supports three base currencies: USD, EUR, and GBP. Additionally, swap-free trading is available through T4Trade’s Islamic Accounts.

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.

    What Account Types Does T4Trade Offer?

    I have broken down the features of T4Trade’s account types below:

    Account Type Standard  Premium Privilege  Cent
    Spread from 1.8 pips 1.6 pips 1.1 pips 1.8 pips
    Commission $0 $0 $0 $0
    Base Currency USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP USD
    Minimum Deposit  $100 $1000 $10,000 $100
    Maximum Leverage 1:1000 1:1000 1:1000 1:1000
    Minimum Lot Size 0.01 0.01 0.01 0.01 
    Islamic Account Yes Yes Yes Yes
    Demo Account Yes Yes Yes Yes

    I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses). However, the combination of commission-free trading and floating spreads from 1.8 pips exceeds the industry average. The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.

    I did not find any specific feature in T4Trade’s offering to say that the broker is better suited for high-frequency or longer-term trading.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    T4Trade’s Execution Model

    T4Trade utilizes market execution. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where T4Trade’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds.

    T4Trade’s Account Opening Process

    T4Trade’s account registration form

    The account creation process with T4Trade is straightforward and quick. You can go at your own pace, though realistically, you will be done with everything within an hour. I have summarized the step-by-step process below:

    • Step 1. Click the ‘Sign Up’ button at the top-right corner of the main page.
    • Step 2. Fill in your personal details, such as your name, date of birth, and phone number.
    • Step 3. Choose your trading account type, base currency, and maximum leverage.
    • Step 4. Upload proof of ID and proof of address to verify your account.

    Why is a Demo Account Important?

    T4Trade offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    T4Trade’s Restricted Countries

    T4Trade does not target residents of the EU where it is not authorized. T4Trade does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria, and North Korea.

    Research

    4.4
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    I appreciated T4Trade for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective.

    T4Trade’s economic calendar

    Research Tools

    I have broken down the several types of research content below:

    • Economic Calendar. The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities. T4Trade’s calendar is available from the client portal.
    • Daily Video Breakdowns. These cover the day’s most important trading events. Videos usually last between 2-3 minutes and provide traders with a breakdown of the day’s highlights, such as inflation numbers releases, interest rate and policy decisions by central banks, and more.
    • Podcast. I appreciated T4Trade’s podcast for covering a wide array of trading topics, ranging from the ABCs of trading to more complex topics about the psychology of trading.
    T4Trade’s podcast

    My Key Takeaways After Exploring T4Trade’s Research Content

    While I appreciated T4Trade for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments.

    Education

    4.3
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    T4Trade offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading.

    T4Trade educational guides

    I quite enjoyed T4Trade’s educational guides covering very basic trading topics that novice traders are likely to ask. They do not delve particularly deep into the subject matter or examine more complex topics but are quite useful as a starting point. I also appreciated the vast amount of over 150 written articles that are available from T4Trade’s blog section of the website. Traders also have access to the broker’s four educational e-books.

    In my estimation, T4Trade’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. Unfortunately, there is no database of past webinars. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars.

    T4Trade’s educational e-books

    The Bottom Line

    T4Trade is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.

    The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform.

    Traders can also benefit from T4Trade’s wide range of educational materials, covering the basics of trading, and well-informed research content. The broker also stands out for its advanced copy trading capabilities

    On the other hand, T4Trade does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average.

    My overall impression of T4Trade is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders.

    FAQ

    T4Trade is headquartered in Eden Island, Seychelles.
    The company holds one Tier-3 license from an offshore regulator. It provides most essential safety mechanisms, such as segregated funds and negative balance protection.
    T4Trade offers a wide range of tradable instruments and a platform with an easy learning curve. It also provides a good selection of educational and research materials. However, its trading fees exceed the industry average.
    T4Trade clients can deposit funds via wire transfer, credit/debit card, e-wallets, and crypto-wallets.
    The minimum deposit requirement with T4Trade is $100.
    Withdrawals can be processed via wire transfer, credit/debit card, e-wallets, and crypto-wallets.
    Transaction times may vary between 3 to 8 business days.
    The maximum leverage for retail traders with T4Trade is 1:1000.
    The account can be opened from the main page of the website.
    T4Trade incorporates the popular MetaTrader 4.
    Yes, T4Trade offers a demo account.
    Yes, T4Trade is suitable for scalping.
    Yes, auto-trading is available via MetaTrader 4’s Expert Advisors (EAs) feature.
    Yes, hedging is allowed with T4Trade.
    No, T4Trade is not suitable for spread betting.
    T4Trade does not provide VPS.
    Depends on the particular asset class. For instance, the Forex market is open 24/5, whereas shares of U.S. companies can be traded during the New York Stock Exchange (NYSE) open – Monday to Friday from 09:30 a.m. to 4 p.m. EST.
    T4Trade does not operate a bank.
    No, T4Trade operates as an STP broker without a dealing desk.

    See T4Trade Full Information

    Headquarters CountrySeychelles
    Foundation Year2021
    RegulationsFSA (Seychelles)
    Publicly TradedNo
    Number Of Employees37
    Trading Desk TypeSTP, No dealing desk
    Trading PlatformsMT4
    Restricted Countries
    Cuba, North Korea, Iran, United States, Syria, Sudan, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
    Supported Languages
    English, Indonesian, Dutch, Portuguese, Czech, Arabic, Spanish, Chinese, Vietnamese, German, Bulgarian, French, Greek, Hebrew, Italian, Japanese, Korean, Polish, Romanian, Russian, Turkish, Hindi
    Min Deposit$100
    Max Leverage1:1000 (FSA)
    Deposit OptionsLocal Transfer, Neteller, Skrill, Credit Card, PerfectMoney, Wire Transfer, Debit Card, GooglePay, Cryptocurrencies, Paysafe
    Withdrawal OptionsWire Transfer, Local Transfer, Neteller, Skrill, Credit Card, PerfectMoney, Debit Card, Cryptocurrencies, Paysafe
    Time to Withdrawal3
    Time to Open an Account9
    Crypto
    Ethereum, Dogecoin, Bitcoin, Litecoin, Ripple, TRON, Cardano, EOS, IOTA
    Products
    Currencies, Stocks, Crypto, Indices, Commodities, Futures
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, French, German, Greek, Hebrew, Hungarian, Hindi, Indonesian, Italian, Japanese, Korean, Latvian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Thai, Turkish, Vietnamese
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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    T4Trade products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.