Recently, some investors have asked if T4Trade, a Forex broker, is safe.
Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for T4Trade (Tradeco Limited) as follows.
1. Low security rating.
The overall rating of T4Trade is only 4.1, with a CC rating, which is a high-risk trading platform.
2. Offshore financial institution.
Although T4Trade is authorized and regulated by the Seychelles Financial Services Authority, it belongs to an offshore regulator and its level of regulation, reliability and authority is relatively low.
3. Short establishment time.
T4Trade's website was created on September 22, 2021, less than 2 years old and has not been fully tested by the market and customers, with low visibility and low reliability.
4. Associated with high-risk trading platforms.
T4Trade is associated with 14 trading platforms, most of which are unregulated and high-risk.
5. Many customers are introduced to T4Trade through free signal groups, in which case you need to be wary of high-yield, low-risk investment scams from signal groups.
Click here to recognize common investment trading scams to avoid being scammed.
To sum up, I think T4Trade (Tradeco Limited) is not a safe enough forex broker.
If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected. I recommend you to consider it carefully.
Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.