T4Trade

T4Trade Information

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 and Cons

Is T4Trade Legit?

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.

What Can I Trade on T4Trade?

T4Trade offers 300+ market instruments, including forex, indices, commodities, shares, futures, and metals.

Account Type

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.

T4Trade Fees

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.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

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).

Deposit and Withdrawal

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.

Bonus

There is a 100% supercharger bonus, 40% takeoff bonus, and 20% welcome bonus up to $2000.