T4Trade ReviewREVIEW
May 15, 2023
T4Trade is a comparatively new addition to online trading services available in the UK. The business is regulated and licensed by the Seychelles Financial Services Authority (FSA Seychelles), a Tier 3 regulator, which means a level of financial security and customer privacy is assured. Clients’ funds are segregated, and there is negative balance protection.
This article explores what this retail broker offers and whether T4Trade is suitable for a potential investor.
Source: t4trade
Markets
The multi-asset coverage currently available with this broker includes FX pairs, metals, indices, commodities, futures, and shares. Continuous innovation seems to be a fundamental part of the DNA of T4Trade, and the list of assets is tailor-made to meet traders’ expectations in 2023. T4Trade offers 300+ assets for account holders, which is more than enough for diversification.
In terms of maximum leverage, it’s currently capped at 1:1000. This figure only applies to major currency pairs and is lower when trading more volatile instruments like stocks. Speaking of trading costs, T4Trade offers fixed spreads, overnight swaps and commissions on trades which all seem very competitive.
Source: t4trade
Platforms and Tools
T4Trade Web Trader App is a new trading platform. It facilitates access to a trading account from any device. Requiring no installation, its simple user interface makes it convenient for traders of all experience levels to place trades and manage their account as required.
Similarly, T4Trade Mobile Trader App is a proprietary platform designed by the broker for both Android and iOS users. It helps the user keep track of the market’s performance on a mobile device so they can trade when on the go.
A third platform of choice is MetaTrader 4, another acclaimed multi-device solution for CFD trading. Also, T4Trade states that it will be bringing MetaTrader 5 to its clients in the near future.
Trading Account Types
Standard, Premium, Privilege and Cent are the four account options when signing up with T4Trade. The main difference between them is trading costs. If the average spreads for a Standard account are at 1.8 pips, that figure drops to 1.1 pips with the Privilege account.
The broker allows trading accounts denominated in several currencies, including USD, EUR, and GBP. There are multiple funding options available, depending on your country of residence. A trading academy where traders can study various market resources is helpful. There is also a Live TV widget to keep traders updated with the latest news, a feature rarely available with other brokers.
Source: T4Trade
Summary
T4Trade offers a comprehensive trading system addressing a broad range of needs. Signing up with this broker unlocks a rich package of trading features. The FSA regulation, transparency and professionalism indicate the brand could be in for the long run with a clear goal of providing the best service to its customers.
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.