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TF4L -

Score

1.54 /10
Danger

TF4L

United States

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

https://tradefutures4less.com

Influence

C

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Comparison

Expose

Exposure

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Score

Regulatory Index0.00

Business Index7.21

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Sanction

US NFA
2022-11-09
NFA orders Chicago, Ill. introducing broker Stage 5 Trading Corp. to pay a $75,000 fine
TF4L
Sierra Futures
STAGE FIVE

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0444666) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

TF4L · Company summary
TF4LReview Summary
Founded2013
Registered Country/RegionUnited States
RegulationNFA (Suspicious clone)
Market InstrumentsEquities, Forex, Interest Rates, Metals, Energy, Grains and Softs, Livestock
Demo Account✅
Leverage1:50
Spread/
Trading PlatformRithmic Trader Pro, CQG Integrated Trader, CTS Platform, Trading Technologies (TT)
Min Deposit$2,500
Customer SupportPhone: (312) 241-1982
Contact Form
Company Address: 700 N. GREEN STREET, SUITE 200, CHICAGO, IL 60642

TF4L, also known as Trade Forex 4 Less, is an unregulated broker based in United States. Its market instrument includes Equities, Forex, Interest Rates, Metals, Energy, Grains and Softs, and Livestock. Its license was suspected to be a fake clone. Currently, this broker has been disclosed by the regulator.

TF4L Review Summary

Pros & Cons

ProsCons
Wide range of tradable assetsSuspicious clone license
High minimum deposit requirement
Lack of transparency

Is TF4L Legit?

Regulated Country
Is TF4L Legit?
Regulated AuthorityNational Futures Association (NFA)
Regulated EntityStage 5 Trading Corp
License Type0444666
License NumberCommon Financial Service License
Regulatory Status Suspicious Clone
Is TF4L Legit?

What Can I Trade on TF4L?

Trading AssetAvailable
forex✔
metals✔
commodities✔
indices❌
energies✔
euqities✔
cryptocurrencies❌
options❌

Account Type

TF4L offers six types of accounts: Individual, Joint, LLC, Corporate, Partnership, and IRA. Each account requires a minimum deposit of $2500 and charges a commission starting from $0.49.

Account Type

Fees

TF4L claims to offer commission rates starting at $0.49 per side and as trading volume increases, commissions reduce automatically with rates as low as $0.25 per side for volume exceeding 20,000 contracts per month.

Monthly VolumeCommission Per Side
0-2000$0.49
2001-5000$0.40
5001-10000$0.35
10001-20000$0.30
20001+$0.25

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Rithmic Trader Pro✔/Experienced traders
CQG Integrated Trader✔/Experienced traders
CTS Platform✔/Experienced traders
Trading Technologies (TT)✔/Experienced traders
MT5❌Desktop, Mobile, WebExperienced traders
MT4❌Desktop, Mobile, WebBeginner

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Comments

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sdfer
more than one year
TF4L provides a variety of features and a user-friendly interface, but I experienced occasional delays and subpar customer support. The pricing, especially for premium options, seems a bit steep.
TF4L provides a variety of features and a user-friendly interface, but I experienced occasional delays and subpar customer support. The pricing, especially for premium options, seems a bit steep.
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2024-01-01 23:16
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