T4Trade is a forex and CFD broker that claims to offer a variety of trading products and services. However, there are a number of red flags that suggest that T4Trade is a scam.
Company Overview
T4Trade is a relatively new broker, having been founded in 2022. The company is registered in Seychelles, which is a well-known offshore jurisdiction for shady brokers. T4Trade does not have any regulatory licenses, which means that it is not subject to any oversight or regulation.
Team
The team behind T4Trade is anonymous. There is no information available about the company’s management or founders. This is another red flag, as legitimate brokers typically have transparent ownership structures.
Services or Products
T4Trade offers a variety of trading products, including forex, CFDs, and cryptocurrencies. However, the company does not provide any information about its trading platforms or spreads. This lack of transparency is another red flag.
License and Regulations
T4Trade does not have any regulatory licenses. This means that it is not subject to any oversight or regulation. Their claimed regulation is not a real regulation. Because the Seychelles Financial Services Authority is not a regulatory organization.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why dealing with an unlicensed broker is risky. First, unlicensed brokers are not subject to any oversight or regulation. This means that they can operate with impunity and there is no one to hold them accountable if they steal your money.
Second, unlicensed brokers often use high-pressure sales tactics to lure unsuspecting investors into making deposits. They may promise unrealistic returns or offer generous bonuses that are too good to be true.
Third, unlicensed brokers may use fake trading software or manipulate prices to make it look like you are making money. This can give you a false sense of security and encourage you to deposit more money.
Legal Warning Against T4Trade
The Financial Conduct Authority (FCA), the UK’s financial regulator, has warned investors about T4Trade. The FCA has stated that T4Trade is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about T4Trade online. Some users have complained that they have been unable to withdraw their money from the platform. Others have said that they have lost money due to the company’s high spreads and fees.
Feedback About Their Trading
The trading conditions offered by T4Trade are not competitive. The spreads are high and the fees are excessive. This means that you are likely to lose money even if you make the right trades.
Feedback About Their Customer Service
The customer service offered by T4Trade is poor. Users have complained that they have been unable to get in touch with customer support and that the company has been unresponsive to their queries.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by T4Trade or another unregulated broker, there are a number of things you can do. First, you should report the scam to the relevant authorities. In the UK, you can do this by filing a complaint with the FCA.
Second, you can try to recover your money through a chargeback. This is a process that allows you to dispute a payment made with your credit or debit card.
Third, you can contact a financial recovery company. These companies specialize in helping people get their money back from scammers.
Our company will provide you with a free consultation call to provide you with some professional guidance and recovery service recommendations to help you recover the lost funds.
Final Thought
T4Trade is a scam broker. Do not trade with this company. If you have already lost money to T4Trade, there are a number of things you can do to try to recover your money.
