T4Trade Review Updated 2022: Scam or Legit?

T4Trade is one of the premier CFD and Forex brokers in the market today, providing trade on over 350 different assets. Even though it’s a new forex broker, the platform is still doing good in the financial field.

In case you didn’t know yet, T4Trade has the trading name Tradeco Limited. They are also authorized and regulated by the Seychelles Financial Services Authority with license number SD029. At the moment, the broker concentrates on global marketers and is putting out all its efforts to offer its clients top-notch services.

Would you like to know more about this trading broker? Read further to learn more.

Is T4Trade a Scam?

The ideal way to determine the safety of a forex broker is to ensure whether a global financial authority controls and regulates it. When it comes to T4Trade, you can guarantee that it’s not a scam because it’s a legit broker.

In reality, they have been regulated by the Seychelles Financial Services Authority. On top of that, the brokerage company keeps its client’s funds in segregated bank accounts. All such points, including the lack of complaints, prove the legitimacy of this platform.

Trading Instruments You Can Use

With T4Trade Review, you can access a broad spectrum of financial markets. The platform provides more than 350 assets for trade-in. Some of the key trading instruments you can find on the platform are the following:

·        Indices

·        Precious metals

·        Cryptocurrencies

·        Commodities

·        Forex

Accounts Available for Traders

Traders can choose from three account options from T4Trade. These accounts include Platinum, Gold, and Silver. New traders can also utilize the free demo account before entering the trading.

·        Standard Account – This is perfect for traders who are not comfortable with forex trading and can be the ideal option. Features include:

-        Customized investment news

-        Dedicated account manager

-        Leverage: 1:100

-        Hedging allowed

 

·      Premium account – This is perfect for traders who have a decent knowledge of the financial markets. It includes the features from the Standard account. The additional features are:

-        Swap discount

-        Fifth decimal

-        Free VPS

 

·        Privilege account – This type of account is perfect for professional and seasoned traders. The features include:

-        Customized investment news

Spreads, Commissions & Fees

The broker platform provides a commission-free trading experience to its users. Nonetheless, there are some fees that each trader must consider before they sign up. Also, the broker charges inactivity fees for holders who aren’t active for over ninety days and charges currency conversion fees.

Meanwhile, the platform provides tight spreads from 0.07 points.

Pros & Cons of T4Trade

Pros

·        It provides high leverage

·        It has strong data encryption

·        Cross-platform trading is available

·        Customer support 24/5

·        Simple and quick account opening process

·        Well-regulated broker

Cons

·        MetaTrader5 is not available

Final Thoughts

Compared to other forex brokers available, it’s no doubt that T4Trade is a market leader in the industry, providing a unique set of trading products and a sophisticated trading platform. On top of that, the broker puts a lot of effort into making sure it can fulfill the demands of each trader on the market.

Although it’s still young, the platform has already proved it can offer one of the best trading services on the market.

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