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Score
Score
Regulatory Index3.92
Business Index6.54
Risk Management Index0.00
Software Index9.75
License Index3.92
Single Core
1G
40G
More
Danger
Danger
Warning
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Company Name
Tradeco Limited
Company Abbreviation
T4Trade
Platform registered country and region
Seychelles
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Garbage platforms deduct money directly and unable to withdrawal, everyone be careful, see the picture for evidence.
An email said I violated the regulations, and my money was deducted directly, and I was not allowed to withdraw money. Is there such a black platform?
I was trading normally on t4. After I made a profit, t4 deleted my profits on the grounds of illegal operations. My profitable orders were held for more than 24 hours, and there were no hedging, order brushing or other illegal operations. Please verify carefully. You deleted my order for 1 minute holding. That’s it. Please return my profits. Is it okay for your platform to make losses, but making profits through normal transactions is a violation?
In March 2024, Vietnamese customer service sent me daily "2024 Commodity Data Backtesting Reports," claiming, "The platform backtested a certain agricultural product trading strategy using the past three years of data, showing a 95% win rate and 20% monthly returns." They even included detailed backtesting curves and profit data. I believed them and invested 100,000 yuan, which I had saved for expanding my business. However, after just two weeks of trading, I suffered losses on five consecutive trades due to "erroneous data signals" from the platform, resulting in a total loss of 70,000 yuan! I confronted customer service, and they said, "Backtesting data only reflects the past. Market volatility in 2024 exceeded expectations, and losses are a normal risk." It was clear they were using fake backtesting reports to trick me into depositing money!
Unable to withdraw money, the account has been failed to log in, and the profit will be deducted. Can't get in touch with the platform now.
An email said I violated the regulations, and my money was deducted directly, and I was not allowed to withdraw money. Is there such a black platform?
My trading experience on the T4Trade platform was abysmal. The spreads fluctuated wildly during trading. For example, on the EUR/USD currency pair, the spread should normally be around 1.5-2 pips, but on T4Trade, I frequently encountered sudden increases of 5-8 pips, significantly increasing my trading costs. Statistics show that this type of abnormal spread occurs as often as 30% of the time in a week, severely impacting my trading returns. This platform is essentially a disguised scam for investors, and I strongly recommend against using it.
In August 2023, I made a gold trade on this platform, following all the platform's rules and even taking screenshots of the transaction history. This year, I wanted to withdraw 90,000 yuan in principal from my account for turnover, but the Vietnamese customer service suddenly said, "The system retrieved the 2023 data and determined that your transaction constituted 'abnormal fraudulent trading,' a violation. Your account has been frozen and a 30,000 yuan fine is required to unfreeze it." I was stunned. How could it be considered fraudulent trading when I only made one transaction? I confronted them with screenshots of the 2023 transaction and the timeline, but the customer service staff still refused to acknowledge their mistake, saying, "The platform's data confirms the system is correct. Either pay the fine or your account is permanently frozen."
I have a issue of profit deletion and I am contacting them to give it back, but there is no positive response from them. I just my money back.
Hello, I have opened an account with this company, t4, and my money has been stolen, 25 thousand US dollars. I advise everyone not to deal with this company.
I submitted a withdrawal request, but customer service said, "The system detected a 'minor discrepancy' between your ID information and your account data. Regular verification will take 30 days, but with an expedited fee, verification and withdrawal can be completed within 24 hours." I was stunned. My real-name verification had clearly passed when I opened the account, so why was there a discrepancy now? Customer service even sent me a screenshot of the abnormal verification data, which stated, "Match 89%, requiring expedited processing to 99%." They threatened me, "If I don't pay the expedited fee within 7 days, my account will be frozen and I will never be able to withdraw my funds!" After waiting for three days, the verification was still "pending."
Customer service used to send daily "data portfolio investment package profit reports," claiming, "The platform uses AI to analyze global market data and diversify funds into five low-risk sectors. Even if you lose money in one sector, you can make up for it in the others, ensuring guaranteed profits." They even posted screenshots showing "users earning 24,000 yuan in one month after purchasing the package." However, just three days after purchasing, three of the sectors plummeted, resulting in a 20,000 yuan loss in just one week! I contacted customer service, and they said, "Short-term fluctuations are normal; the data will adjust back." I waited another week, but not only did the market not recover, I lost another 30,000 yuan, for a total of 50,000 yuan! I confronted customer service, and they said, "The investment package is optimized based on historical data. The actual market has uncontrollable factors, and losses are borne by the user."
Choose this platform carefully. It’s no problem if your account loses money. If your account makes a profit, find a reason not to make a withdrawal.
The platform is too bad. It's okay to lose money on your account, but it's not okay to make a profit. I made some money, but I was told that the transaction was illegal and I could not withdraw the profits. There are no problems with all the orders in my account. They are all regular transactions. I can only say that this platform is terrible.
In November 2022, I made a stock trade on this platform. After closing the position, I had 60,000 yuan in principal remaining in my account. I took a screenshot and saved the balance. This year, I wanted to withdraw the money for my child's tuition, but when I logged into my account, I saw only 20,000 yuan! I contacted customer service, and they said, "The system has retrieved data from 2022 to date and shows that you've withdrawn 40,000 yuan, so your balance is fine." I confronted them with a screenshot of my 2022 balance and my bank statements, but the customer service staff insisted, "You photoshopped the screenshot, and the platform's data is correct." They even threatened, "If you continue to complain, I'll freeze the remaining 20,000 yuan under the 'malicious questioning of data' label."
After being introduced by a friend, I opened an account to trade on t4trade, and then the nightmare came. Don’t use this crappy and black platform. They don’t give out money on profit-making accounts. They will find various reasons to make things difficult for you. All my transaction orders have no trace. The problem is that they are all my own trading profits. The platform has been unable to give clear evidence and reasons from beginning to end, and it cannot prove that my transactions are illegal. Where are the violations in my transactions? Can you post my account transaction records? I will reserve the right to further protect my own rights and interests. If you still want to survive in this market, please treat every customer who trusts you carefully. You can terminate cooperation with me, but trading profits are all obtained through technical analysis. Profit, please pay off all the principal and profit before you can terminate the cooperation.
T4TradeReview Summary | |
Founded | 2000-03-17 |
Registered Country/Region | Seychelles |
Regulation | Unregulated |
Market Instruments | Forex/Indices/Commodities/Shares/Futures/Metals |
Demo Account | ✅ |
Leverage | Up to 1:1000 |
Spread | As low as 0.0 pips (EURUSD from 0.9 pips) |
Trading Platform | MT4(Windows/macOS/iPhone/iPad/Android) |
Min Deposit | / |
Customer Support | Facebook/Instagram/LinkedIn/Twitter/YouTube/TikTok/Telegram |
Live chat |
T4Trade is a global leader in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including forex, indices, commodities, shares, futures, and metals. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.0 pips and the minimum deposit is 0.
Pros | Cons |
MT4 available | High max leverage |
24/5 customer support | Some negative reviews |
Regulated | No Islamic accounts |
Spread as low as 0.0 pips (EURUSD from 0.9 pips) | |
Demo account available | |
Various tradable instruments |
FSA regulates T4Trade with license number SD029 and License Type Retail Forex License. However, the 'offshore regulated' current status is not as safe as the regulated one.
T4Trade offers 300+ market instruments, including forex, indices, commodities, shares, futures, and metals.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Commodities | ✔ |
Shares | ✔ |
Futures | ✔ |
Metals | ✔ |
Cryptocurrencies | ❌ |
Stocks | ❌ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
T4Trade has four account types: Standard, Premium, Privilege, and Cent accounts. Traders who want low spreads can choose a Privilege account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. The minimum spread, maximum leverage, and commission for Cent and Standard accounts are the same.
Account Type | Standard | Premium | Privilege | Cent accounts |
Average Spread | 1.8 | 1.6 | 1.1 | 1.8 |
Flexible Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 |
Min Lot Size | 0.01 | 0.01 | 0,01 | 0.01 |
Commission | ❌ | ❌ | ❌ | ❌ |
The spread is from as low as 0.0 pips (EURUSD from 0.9 pips), and the commission is 0. The lower the spread, the faster the liquidity. T4Trade is using fractional pips pricing for the client to benefit from rounding. Instead of 4 decimal places, it uses 5, and therefore the ten pips mark you see is 1.0 pip.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
T4Trade cooperates with the authoritative MT4 trading platform, which is available on the web. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems. TradeCopier is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Windows/macOS/iPhone/iPad/Android | Junior traders |
TradeCopier | ✔ | - | All Traders |
T4Trade accepts Bank Wire transfers and more for deposits and withdrawals. Deposits can take up to 24 hours to be processed depending on the chosen method. Bank Wire transfers can take up to 3 working days, depending on the bank.
There is a 100% supercharger bonus, 40% takeoff bonus, and 20% welcome bonus up to $2000.
T4Trade empowers traders with advanced tools like trading calculators, Trading Central features, and an economic calendar for 2025.
T4Trade is a Seychelles-based Forex broker, regulated by the Seychelles Financial Services Authority, offering diverse trading instruments and platforms. Praised for its customer-centric approach and commitment to fair trading, it scores 5.43 on WikiFX, lower than multi-regulated brokers. Thorough research and risk assessment are advised before trading.
At the conclusion of the highly anticipated Demo Trading World Cup event hosted by WikiFX, we had the pleasure of sitting down with T4Trade, one of the event sponsors, to discuss their experience and insights.
Global oil prices slid below $80 per barrel for the first time since January on Tuesday, extending a downward trend as growing concerns about global demand offset any bullish effects from an EU-led price cap on Russian oil sales.
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