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When you think we’ve exposed all scams, here comes T4Trade. The platform claims to offer a 20 percent welcome bonus and a 40 percent take-off bonus. These are the promotional features t4trade.com is using to attract investors. Those who sign up with the platform face misery and pain. Withdrawing even the said bonus on the platform is a problem. And that’s why we have to expose the store. Here’s our complete T4TRADE REVIEW.
There’s no history or background information about the platform. We don’t know when the platform came into existence or who runs it. As a result, we have several complaints from investors who lost funds with the platform. And that’s why we are here to expose the rot.
T 4 Trade is a platform willing to take your funds and rip you off. It has done so countless times before to naïve investors. Those who signed up in the last couple of weeks have faced the wrath of the platform.
No one gets to withdraw, and this makes it a scam. However, there’s a reason why naïve investors sign up with the platform. It has to do with the bonuses on offer. And these are traps set to attract naïve investors.
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T4Trade is a platform willing to divulge information far away from investors. But unfortunately, the platform’s homepage leaves members guessing what features are available. And this is another red flag. Every platform should inform members of what to expect before signing up.
The platform appears as a legit trading platform with a dark blue theme website design. The people behind the platform know what they are doing. And that gives the platform the appearance of a professional trading platform.
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Before you invest in any platform, experts recommend doing due diligence. First, try and find out what makes the platform tick. Then, seek the experiences of other investors before signing up with the store.
T4Trade offers three account types on the platform, each offering a different set of features. The accounts include Standard, Premium, and Privilege. However, all the accounts have one thing in common, high leverage.
Here’s a closer look at each of these accounts;
It’s the most basic account, and the platform claims are best suited for newbies. There’s no quote on the acceptable minimum deposit with the standard account. The leverage is 1:1000, way above the industry recommended leverage. Spreads start from 2.1.
With the premium account, there’s the same leverage position of 1:1000. Spreads start from 1.7 pips with investors using three base currencies. Again, a dedicated account manager is available 24/7, with no commissions.
Spreads start from 1.2 pips with the most exclusive account of the three. The account has the same trading features as the other two mentioned accounts. There are fixed spreads only during the midnight sessions.
The account features leave a lot to be desired. One of the red flags with the accounts is the failure to quote the acceptable minimum deposit. Each of these accounts has a problem as the platform seeks to take complete advantage.
Once you decide to open an account, the account manager will reach out. The account manager claims the more you deposit, the higher your chances of winning. These are false claims as no one gets to profit from the trading on the platform.
Regulators have stepped in to protect investors from such platforms. The acceptable minimum deposit with trading accounts in all jurisdictions is €$250. Any platform asking for a higher amount is taking investors for a ride.
There’s also the issue of high leverage of 1:1000. Regulators, too, have moved to protect investors from such high leverage. As a result, the maximum acceptable leverage is 1:100, while retail traders in the States enjoy 1:50 maximum leverage.
Despite claiming to offer fair trading conditions, there’s no demo account. This is because the platform wants investors to believe everything the platform sells. Therefore, a demo account is crucial as it helps indicate the outcome of trades.
The only positive aspect of the platform is the availability of the MT4 trading terminal. However, despite having a world-class trading platform, it’s useless. You won’t withdraw after using the platform’s advanced tools.
These are not professional account managers but hired call agents. These agents earn their commission by convincing members to deposit more funds. Then, the agent will call you and claim to have a lucrative open position.
To profit from the position, all you have to do is deposit more funds. Once you make a mistake, the account manager disappears. The platform moves quickly to replace the account manager with a new one.
Attempts to get a hold of the previous manager hit a wall. The platform will throw a series of excuses. These include claiming that the manager is on leave and you’ll have to wait for their return.
There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. For example, you can trade commodities such as coffee, cotton, crude oil, etc.
Forex trading is at the center of the platform’s activities. You get to trade in the forex arena and use high leverage and uneven spreads. Only major currencies with the platform fail to offer exotic and minor pairs.
Available indices include DAX, Dow Jones, S&P 500, and more. These indices give day traders a chance to trade on the world’s biggest stage. Moreover, indices are priceless as they help shape the prices of international products and services.
Lastly, we have stocks from leading companies. These stocks are a mine for traders. You get to trade stocks from leading companies from all over the world. These include stocks from the manufacturing, tech, and textile industries.
The disclaimer at the footer of their homepage indicates Tradeco Limited as the parent company. There are no license or registration documents of the company. The company claims residency in Seychelles, making it an offshore-based platform.
We don’t have any information on staff members working for the platform. There’s no name mentioned regarding the CEO or founding members. And that makes T4Trade an anonymous trading platform.
The problem with anonymous trading platforms is that there’s no way of recovering funds from such. Moreover, these platforms often change hands and fail to offer any transparency. That’s why we insist on avoiding anonymous platforms.
You won’t get to see anyone heaping praise on the platform. And that’s because the platform is a scam. No users have made any profit or withdrawn from the platform. And that’s what makes it a scary platform.
T4Trade is not a licensed or registered platform. So please stay away from it.
There’s no fund safety with a platform failing to segregate funds. The platform also fails to offer insurance cover for deposits made by investors. Please stay away from the platform as there’s no DDoS protection of SSL encryption to protect users.
The platform is a scam.
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