T4Trade : withdrawal, scam. What is the broker worth in 2023 ?
We are talking to you today about the broker T4Trade. Have you ever heard the name somewhere? It is recommended by many trading influencers who promote it. We take a tour of this broker to introduce you to its services, its registration process and its fees. We also give you our opinion and that of users. T4Trade, a scam ?
T4Trade is a new broker that offers services in the trading of financial assets such as FOREX and indices.
It is an offshore brokerbased in the Seychelles and it is regulated by the national regulatory body, the FSA Seychelles (Financial Services Authority Seychelles) which is not always a sign of absolute confidence in a platform. These regulations are easy to obtain compared to the approval by the AMF in France.
T4Trade offers a well-designed and easy-to-use website even if the platform has a bit of a “casino” side which can be a little reassuring for a trading broker.
What services does T4Trade offer ?
T4Trade is a fairly traditional broker that offers basic trading services. The main markets are :
We note that the broker T4Trade does not highlight its cryptocurrency offer at all despite the fact that they offer it through their services. It’s sad and hard to understand. A negative point for confidence in the broker.
To trade with T4Trade, everything happens via their website. It is well done and easy to understand. The broker often offers contests to earn capital to trade.
Features of the T4Trade site
On its website, T4Trade explains its various services and the markets it offers. It is obviously also from the site that you can register on the platform.
The T4Trade site offers an “Academy” section, a fashion among brokers. This section offers different educational content.
There are webinars about FOREX, podcasts that talk about FOREX and video content about trading, FOREX, psychology, etc.
We feel with this section that FOREX is clearly the favorite subject of the broker since he mainly talks about this asset.
This kind of section is quite appreciable and the contents found there are interesting and well designed.
T4Trade also regularly organizes a competition which they call “League of the best traders”. It is a tournament organized every month between traders who must try to present the best results.
The prizes to be won seem interesting. Currently, $10,000 is put into play by the platform.
Trading platforms available on T4Trade
To trade, T4Trade allows you to use 2 trading platforms :
If you choose MetaTrader 4, you receive credentials after registering on T4Trade. These are used to link your T4Trade account to MT4 to start trading.
The WebTrader is a trading tool available via a web browser.
In the same way as most brokers, T4Trade offers applicable leverage effects on the prices on which you trade. These levers are used to multiply the movements on a course.
They are used by traders and are great for increasing the income generated from trading. It should be kept in mind that the levers are dangerous and can make you lose all your capital quickly.
The leverages offered by T4Trade go up to 1:1000.
T4Trade registration, fees and spreads : start trading
To register on T4Trade, it is very simple. Just go to their website t4trade.com and click on “Register” at the top right.
You must then fill in basic information about yourself and the account you want to create. You have the choice between fixed and variable spreads. You also choose the starting bonus you prefer and your leverage.
We advise never to use leverage higher than 1:200.
Once you have completed the form, it is sent to the broker for validation. When he has approved your request to create an account, you must verify your identity and make a first deposit to start trading.
There is no charge for T4Trade registration.
There is little information available regarding other types of fees on the platform.
To get paid, brokers apply spreads on the prices of the financial assets they sell.
The spread is the difference between the buy price and the sell price of an asset. This is what constitutes the main fee that the broker takes on an investor’s trades.
Here is an example of the spreads applied by T4Trade in FOREX (foreign currencies) :
How to withdraw on T4Trade ?
If you are a client of the T4Trade broker and want to withdraw funds, here is how you should go about it.
When you are logged into your account, you see the main menu on your left which allows you to access different features. This is where you find your performance dashboard.
In this menu, look for the “Transactions” tab. Click on it and you will see a sub-menu open. Then click on “Withdrawal“.
You arrive on the T4Trade withdrawals page on which you will find the different ways to withdraw capital.
You have the choice between :
Digital assets (cryptocurrencies)
When you select a withdrawal method, you arrive on a page that allows you to fill in the banking information and the amount you wish to withdraw.
When you have filled in the various fields. Click “Submit“. There are no fees associated with withdrawals.
T4Trade review : should we be wary ? Is it a scam ?
T4Trade is one of those offshore brokers whose real legitimacy is rarely known. Their services are comparable to other similar brokers and seem to be decent.
However, the attractive “casino” aspect of their site may push back because it may seem like a way to attract customers with a “gaming” image.
Investing and trading is not a game at all and you have to be wary of what you see, from brokers or investors.
Our T4Trade opinion is mixed and we advise you to remain vigilant in relation to this broker.
We went to check their rating on Trustpilot, the famous review site. Here is a summary of T4Trade reviews :
They reap an overall rating of 3/5, which is an acceptable average rating. However, when you read the different opinions, you see a lot of problems mentioned.
These are recurring problems with unscrupulous brokers, but we read a lot of opinions from customers who have great difficulty withdrawing money from the platform.
T4Trade withdrawals seem like a very complicated story. The kind of platform where depositing is easy but withdrawing impossible. Some complain of non-existent customer service.
You should always pay attention to the platforms on which you register. Read reviews on the Internet before signing up. We cannot say that T4Trade is a scam or not.
But we still advise you to remain vigilant with regard to this broker.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and shall not be held liable, directly or indirectly, for any damage or loss caused as a result of using any goods or services highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
Risk Warning: Trading financial instruments and/or crypto-currencies involves high risks, including the risk of losing all or part of your investment, and may not be suitable for all investors. Crypto-currency prices are extremely volatile and can be affected by external factors such as financial, regulatory or political events. Trading on margin increases financial risk.
Before deciding to trade in financial instruments or crypto-currencies, you should be fully informed of the risks and fees associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and tolerance for risk, and seek professional advice if necessary.