Abstract: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.
TF4LReview Summary | |
Founded | 2013 |
Registered Country/Region | United States |
Regulation | NFA (Suspicious clone) |
Market Instruments | Equities, Forex, Interest Rates, Metals, Energy, Grains and Softs, Livestock |
Demo Account | ✅ |
Leverage | 1:50 |
Spread | / |
Trading Platform | Rithmic Trader Pro, CQG Integrated Trader, CTS Platform, Trading Technologies (TT) |
Min Deposit | $2,500 |
Customer Support | Phone: (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.
Pros | Cons |
Wide range of tradable assets | Suspicious clone license |
High minimum deposit requirement | |
Lack of transparency |
Regulated Country | ![]() |
Regulated Authority | National Futures Association (NFA) |
Regulated Entity | Stage 5 Trading Corp |
License Type | 0444666 |
License Number | Common Financial Service License |
Regulatory Status | Suspicious Clone |
Trading Asset | Available |
forex | ✔ |
metals | ✔ |
commodities | ✔ |
indices | ❌ |
energies | ✔ |
euqities | ✔ |
cryptocurrencies | ❌ |
options | ❌ |
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.
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 Volume | Commission Per Side |
0-2000 | $0.49 |
2001-5000 | $0.40 |
5001-10000 | $0.35 |
10001-20000 | $0.30 |
20001+ | $0.25 |
Trading Platform | Supported | 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, Web | Experienced traders |
MT4 | ❌ | Desktop, Mobile, Web | Beginner |
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