4T Forex Review

Read our full 4T review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased 4T opinion allows our readers to decide whether 4T is a reliable broker.

4T Forex Broker History

4T has an interesting history dating back to 1998. The domain 4t.com was registered back in 1998, but the company currently operating the website, 4T Limited, was established in 2019. So, the starting point for the broker is 2019, which still makes it very experienced in the Forex brokerage industry. The broker is registered in Seychelles and Dubai, UAE, which enables it to offer trading services to Asian and European markets, including the UK. The broker claims to be offering top-notch services with cutting-edge technology.

4T broker safety

When it comes to safety, 4T is overseen in Seychelles and Dubai. The broker in Seychelles is 4T Limited and is authorized and regulated by the Seychelles Financial Services Authority (FSA). The 4T Global Markets Financial Services L.L.C is licensed by the UAE Securities and Commodities Authority (SCA). There is also a 4T Technology GmbH, which is registered and located in Switzerland.

4T is mainly a CFDs broker and it warns its clients about the inherent risks of these speculative asset classes, which is respectable.

The broker keeps client funds in segregated bank accounts as it is required by regulators. This is the critical policy for trader fund safety, which prevents the broker’s employees from touching the trader’s deposited money.

The broker does not mention negative balance protection on its website, indicating that it does not offer this policy. The NBP is an important policy that prevents traders from losing more than their initial investment and in this case, they might become liable if they go into minuses because of leveraged trading. The broker is a part of the investor compensation fund, which is also an important policy.

4T Broker Review of Accounts

When it comes to trading accounts, the broker has a simplistic approach. It offers standard and professional account types. The standard account is a commission-free account and has spreads while the professional has commissions and offers 0 pips trading on major Forex pairs. However, there is a huge difference in minimum deposit amounts.

4T Standard Account

The standard account is a trading account for general Forex trading. It offers a 100 USD minimum deposit and has spread from 1 pip on major FX pairs, which is actually competitive. Account base currencies are USD, EUR, and GBP, and the minimum lot size is 0.01 lots. However, the account does not disclose the exact leverage and only indicates it is dynamic. The account allows scalping and Expert Advisors (EAs or automated trading robots) and does not offer Islamic or swap-free options. With these specs, the account is targeted at general Forex traders and is not very attractive for scalpers, but it offers value for swing and day traders. This account does not have a monthly trading volume requirement as well.

4T Pro Account

For the lowest spreads, the pro account offers spreads from 0.1 pips on major pairs. However, it charges a commission of 3.5 USD per lot per side (7 USD round turn) and has a very high minimum deposit requirement of 50,000 USD. The maximum leverage is capped at 1:100 and the minimum lot size is 0.01 lots. The account has a minimum monthly trading volume requirement of 2 million dollars (20 standard lots). Swap–free or Islamic account option is not available for the pro account, while it allows scalping and EAs.

4T instruments

The broker is very moderate in its asset offerings. There are only Forex pairs, commodities, and indices available and most of them are CFDs enabling fast trade execution for better speculation. The lack of cryptos and other types of assets such as equities is undoubtedly a serious downside as many traders love to diversify their trading by also trading on BTC and other popular digital currencies. With a 1:100 leverage ratio, traders can control substantial trading power with just a minimum deposit which is very competitive for the broker.

4T Reviews of Trading Platforms

The broker excels in trading platform diversity as it offers both popular platform versions, MetaTrader 4 and MetaTrader 5. These platforms enable traders to use custom indicators and Expert Advisors or EAs and the broker allows traders to deploy EAs which is flexible. Mobile trading is supported via the mobile MT5 app, which enables a seamless trading experience on the go. There is a 4T mobile app for mobile trading available but it is inferior to the MT5 app.

4T Forex Review of Extra Features

4T offers a deposit bonus of 20% and requires traders to deposit at least 500 USD to get this bonus. Traders can receive up to 5,000 USD with this bonus. There are no other bonuses offered such as no deposit bonus or welcome bonus. No other promotions are available either.

4T education

The broker offers plenty of educational content such as FAQs, Basics of Trading, Equity Trading Guide, Commodities Trading Guide, Forex Trading Guide, Indices Trading Guide, and E-book. These materials are basic and do not offer comprehensive guides to start from zero and become a skilled CFD trader, which is a downside. There are no dedicated webinars, trading courses, video tutorials, or guides available either.

4T Reviews of Customer Support

The customer support at 4T is diverse. The broker supports live chat, phone support, and email channels. The live chat is built into the website and offers advanced features such as help center and users can switch between messages and help center topics. Both the website and support are available only in three different languages, which does not make the broker multilingual, which is unfortunate.

4T Deposit and Withdrawal

Deposits and withdrawals are only supported via wire transfer and bank cards such as Visa and MasterCard, which are very limited. There are no e-wallets or cryptos supported. There is a minimum deposit and withdrawal amount set at 100 USD. There are no commissions charged. However, bank card deposits have a 1.5% commission while withdrawals are free. Deposits are processed instantly when using bank cards and withdrawal takes 1 day for processing. Both deposits and withdrawals require 1-2 business days when using the wire transfer payment option.

4T Review Conclusion – can you trust 4T?

4T is a moderately competitive Forex and CFDs broker that is regulated in Seychelles and Dubai, offering trading through MT4 and MT5 advanced platforms. The broker features basic safety measures like segregated accounts but lacks negative balance protection. There are two account types but professional accounts have very high minimum deposits. The 0 spread account is only for professionals, which is a considerable downside. There are a limited number of asset types and educational materials are basic. Overall, 4T is a decent broker as it offers good support and might be suitable for traders with large trading capital at their disposal. If you want to scalp with a small budget, 4T is not suitable for you.

FAQs on 4T

Is 4T a scam?

The 4T scam is highly unlikely given the broker’s regulated status. However, traders should be careful as the broker does not provide negative balance protection.

What is the 4T minimum deposit?

The minimum deposit starts at 100 USD for the 4T standard trading account, which is slightly high.

Is 4T a cheap broker?

The broker is moderately cheap. It does not charge commissions on standard accounts but has 1 pip spread. Deposits and withdrawals are free of charge.