TF4L Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 13:39

Abstract：TF4L, also known as Trade Forex 4 Less, is an unregulated broker based in United States. Its market instrument includes Equities, Forex, Interest Rates, Metals, Energy, Grains and Softs, and Livestock. Its license was suspected to be a fake clone. Currently, this broker has been disclosed by the regulator.

TF4LReview Summary
Founded	2013
Registered Country/Region	United States
Regulation	NFA (Suspicious clone)
Market Instruments	Equities, Forex, Interest Rates, Metals, Energy, Grains and Softs, Livestock
Demo Account	✅
Leverage	1:50
Spread	/
Trading Platform	Rithmic Trader Pro, CQG Integrated Trader, CTS Platform, Trading Technologies (TT)
Min Deposit	$2,500
Customer Support	Phone: (312) 241-1982
	Contact Form
	Company Address: 700 N. GREEN STREET, SUITE 200, CHICAGO, IL 60642

　　TF4L, also known as Trade Forex 4 Less, is an unregulated broker based in United States. Its market instrument includes Equities, Forex, Interest Rates, Metals, Energy, Grains and Softs, and Livestock. Its license was suspected to be a fake clone. Currently, this broker has been disclosed by the regulator.

Pros & Cons

Pros	Cons
Wide range of tradable assets	Suspicious clone license
	High minimum deposit requirement
	Lack of transparency

Is TF4L Legit?

Regulated Country
Regulated Authority	National Futures Association (NFA)
Regulated Entity	Stage 5 Trading Corp
License Type	0444666
License Number	Common Financial Service License
Regulatory Status	Suspicious Clone

What Can I Trade on TF4L?

Trading Asset	Available
forex	✔
metals	✔
commodities	✔
indices	❌
energies	✔
euqities	✔
cryptocurrencies	❌
options	❌

Account Type

　　TF4L offers six types of accounts: Individual, Joint, LLC, Corporate, Partnership, and IRA. Each account requires a minimum deposit of $2500 and charges a commission starting from $0.49.

Fees

　　TF4L claims to offer commission rates starting at $0.49 per side and as trading volume increases, commissions reduce automatically with rates as low as $0.25 per side for volume exceeding 20,000 contracts per month.

Monthly Volume	Commission Per Side
0-2000	$0.49
2001-5000	$0.40
5001-10000	$0.35
10001-20000	$0.30
20001+	$0.25

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Rithmic Trader Pro	✔	/	Experienced traders
CQG Integrated Trader	✔	/	Experienced traders
CTS Platform	✔	/	Experienced traders
Trading Technologies (TT)	✔	/	Experienced traders
MT5	❌	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginner