TF4L
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 |
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