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T4Trade Review 2023: Why You Should Avoid This Offshore Broker

If you’ve already traded with T4Trade and lost your money, we can help you recover it. Our team of experienced experts has helped many investors get their cash back. Schedule a free consultation today.

T4Trade Review: General Overview

It features a colourful website and claims to be a global leader in online trading. It promises unsuspecting investors the ultimate trading experience with massive sign-up and deposit bonuses.

T4Trade is a brand owned by Tradeco Limited, with its address in Eden Island, Seychelles. The group also includes another broker called Damadah Holding Limited, operating from Cyprus.

Is T4Trade Regulated?

T4Trade’s parent company is authorized and licensed by the Seychelles Financial Services Authority (FSA). This is a huge red flag. Seychelles is an offshore jurisdiction with Tier 3 licensing that doesn’t come close to Tier 1 regulators like the FCA, NFA, or ASIC.

Offshore regulators have lenient policies that make it easy for scammers to obtain a license. Nearly all fraud brokerages that offer services to international audiences are either unregulated or find a haven in offshore countries.

Nothing stops T4Trade from getting away with fraudulent activities while operating under the guise of an offshore license. They don’t require brokers to have negative account protection, client account segregation, or participate in compensatory schemes for insuring your funds from bankruptcy or fraud.