T4Trade ReviewCategory: Reviews | Author: Trading Brokers | Date: April 27, 2023
T4Trade is an online trading broker where you can buy and sell various financial instruments including forex, stocks, indices and commodities. They can cater for both beginner and professional traders alike, with very good trading conditions including tight spreads, low commission fees and reliable trade execution speeds. The broker has account types to cater for all types of trading strategies with a minimum deposit of just $100 and a quick account opening process. Alternatively, you can open a free demo account to see what the broker has to offer and to brush up on your trading skills before making a commitment.
Pros & Cons
- User-friendly MT4 trading platform
- Over 300 trading instruments
- Tight spreads and no commission fees
- Good variety of account types
- Fast and easy deposits and withdrawals
- Educational resources for beginners
- Excellent 24/5 customer support
- Do not have MetaTrader 5 (MT5) platform
- Could add some cryptocurrency assets
Based in the Seychelles, T4Trade strive to provide traders with all of the trading products and services they require to make informed decisions and reach their trading goals. You can trade the financial markets with convenience on user-friendly platforms across all of your devices using a broker that operates with transparency.
T4Trade will provide the tools and support to help you develop your trading skills and unlock your potential. You can take advantage of very favourable trading conditions, including a good variety of accounts and flexible spreads across a range of assets.
It is good to see that T4Trade treat all clients the same, regardless of your investment size or prior trading experience. Simply choose the account that is best suited to your skill, knowledge, experience and trading goals. Excellent client support is on hand 24/5 to help you as and when needed.
T4Trade is a trade name of Tradeco Limited. Tradeco limited is authorised and regulated by the Seychelles Financial Services Authority (FSA). This can help to give traders some peace of mind and protection so that they can focus on their trading strategies.
Traders can enjoy trading with fast execution through the industry-leading MT4 trading platform. MT4 is well regarded for being very user-friendly and having a quick learning curve that makes it suitable for traders of all experience levels. You can trade manual and automated trading strategies in the MT4 platform.
Choose from 9 chart timeframes and multiple order types including instant execution, pending orders, limit orders and one-click trading. One of the main advantages of the T4Trade MT4 platform is its ease of use. You can seamlessly switch between the desktop, web and mobile MT4 app. This means you can analyse the markets and manage your positions from anywhere, at any time.
The MT4 platform comes fully loaded with all of the trading tools that you need to analyse the charts of your favourite symbols for potential trade opportunities. There are also thousands of free and paid add-ons that you can install to further enhance the already substantial capabilities of this leading platform. Whatever your idea for a trading strategy, you can bring it to life by creating customised trading templates for all of your charts. There are technical analysis tools and drawing objects to mark key price levels, identify trends and find price reversal points.
With T4Trade, you can always improve your trading knowledge with unique educational resources, including webinars, podcasts and trading videos. These are hosted by experts and can help you to sharpen your skills and become a better trader in the long run. This emphasis that the broker wants to encourage informed trading decision and cares about their trader’s success. You can learn in your own time and take advantage of a free demo account to put what you have learned into practice.
You will find plenty of choice when it comes to trading instruments at T4Trade as they have more than 300 financial instruments from 6 asset classes with some of the most competitive conditions. This includes major, minor and exotic forex currency pairs. There is also decent selection of stocks, indices, futures and commodities including precious metals like gold for trading. Whatever your interests, there is something for everyone to trade with minimal fuss.
T4Trade offer CFD trading which means that you can speculate on falling or rising prices without needing to physically own the underlying asset. This makes trading much more accessible and convenient for everyone. The difference between the price of the underlying asset from when you open and close the position is the profit or loss, minus the broker spread. CFD’s are flexible and can be traded with leverage to further enhance possibilities in the markets.
T4Trade have a nice variety of trading accounts which can cater for different types of trading style. You can choose between the Standard, Premium, Privilege and Cent accounts. The account type which you opt for depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis.
The accounts have zero commissions which can lead to substantial savings on trading fees and instant execution which ensures you get trades placed at the prices you expect with minimal slippage. The minimum position sizes start from 0.01 which is great if you want to get a feel for trading in a live trading environment with minimal risk.
The T4Trade live accounts can be separated into fixed and floating spreads. If you are using a strategy that depends on consistent spreads, then the fixed spread account might be ideal. If you are looking for the lowest spreads possible, then you might want to consider the floating spreads account. Either way, both options have very low spreads on par with some of the top brokers. This is especially the case when you consider that they do not charge a commission on top like most do.
The cent account is similar to the other accounts, with the only difference that dollars are denominated in cents. For example, if you deposit $100, this will be converted and added to the cent account as 10,000 cents. If you are a beginner that trading on the cent account can be a great way to brush up on your trading skills and develop a strategy that produces consistent results without taking any unnecessary risks. You can always switch to another account as and when you feel ready.
The maximum leverage is high, going all the way up to 1:1000. This is not something that many brokers offer. Account base currencies are USD, EUR and GBP. This means that you can save in currency conversion fees if using an account in your deposit currency.
T4Trade account managers and dedicated customer support can provide guidance and support you 24 hours, 5 days a week. They are always fast, polite and very helpful in their responses. This is important as you can get access to talk to a real human with minimal delay, something that is vital in the fast pace of the modern markets.
You can deposit funds into your T4Trade account using a good variety of convenient payment options including bank transfers, card and online payment processors. Keep in mind that bank transfers can take 24 hours to process and up to 3 working days to clear. Payment and funding authorisation are 100% automatic, whilst the client portal allows deposits and withdrawals using a simple, easy-to-use single interface.
Overall, T4Trade is a trading brokerage firm with a solid offering. They have everything that you need to get quick and easy access to the financial markets. You can trade across all of your devices on an intuitive trading platform with top trading conditions. There is a generous selection of financial instruments to choose from and account types for everyone. Beginners can get access to free educational resources and a demo account to practice trading online. When you are ready, you can open a real live trading account in just minutes with a deposit starting from just $100. This is all backed by 24/5 customer support.
All trading involves risk. It is possible to lose all your capital. You should consider whether you can afford to take the high risk of losing your money.