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104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.

Recalculated 2026-11-02 · Established 2021 · Tradeco Ltd

T4Trade — South Africa

T4Trade is rated 2.02 out of 5 by our formula (Rank #66 of 70) for traders in South Africa: round turn 18 USD, residents accepted — Through an offshore entity.

Suits you if a swap-free account is available

Look elsewhere if the round turn is 18 USD against a 7 USD median here · it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one

Key facts (8)

Who actually onboards you
Tradeco Ltd
Licence number
not stated
Established
2021group
Min deposit, USD
50 USD
Platforms
MetaTrader 4 · MT5
Local funding
Cards, bank wire, Skrill, Neteller, crypto; SA-s
Max leverage
1000geo
EURUSD
1.8 pipsgroup

Accounts (4)

4 of 4 accounts with a published cost per lot

4 of 4 shown

Click a column heading to sort. Figures are list terms, no promo codes.

Broker · accountMin deposit, USDSpreadCommissionCost per lotSwap-free
T4TradeStandard—1.8advertisedAnyper standard lot18round turn, USD—
T4TradePremium—1.6advertisedAnyper standard lot16round turn, USD—
T4TradePrivilege—1.1advertisedAnyper standard lot11round turn, USD—
T4TradeCent—1.6advertisedAnyper standard lot16round turn, USD—

This broker against the South Africa middle (81 of 104)

T4TradeSouth Africa median
Round turn, USD18.0 USD7.0 USD
Min deposit, USD50 USD50.0 USD
Max leverage1000geo500.0geo
Withdrawal, h24 hoursgroup24.0 h
EURUSD, standard1.8 pipsgroup1.0 pips
EURUSD, raw—0.0 pips
Established2021group2009.0
Platforms23.0
Through an offshore entity

Onboards residents through an offshore entity

Offshore, no FSCA authorisation verified. UK FCA warning (Feb 2023). No specific FSCA alert verified at review.

56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about T4Trade.

Who actually onboards you
Tradeco Ltd
Licence number
—
Local licence
no
Checked
2026-07-09

Score (6/6 axes)

2.02of 5

A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.

Trader reviews25%2.5
Round-turn cost20%1.8
Licence and entity20%0.0
Withdrawal speed15%4.0
Track record10%1.2
Platforms and programs10%3.2

Check:25.0% × 2.50+ 20.0% × 1.75+ 20.0% × 0.00+ 15.0% × 4.00+ 10.0% × 1.25+ 10.0% × 3.25= 2.02

Ranked against brokers measured on every axis

Licence check

Licence number
—
Checked
2026-07-09

Register

Who actually onboards you

Tradeco Ltd

Offshore entity

South African clients onboarded by offshore Tradeco Ltd (Seychelles); no local entity.

What each account gives you

Standard, Premium, Privilege, Cent; min deposit ~USD 50 (cent from a few USD).

Cost per round turn, and the South Africa middle (81 of 104)

Round turn, USD
18.0 USD
Median
7.0 USD

standard

Client-money protections

Min deposit ~USD 50 (Neteller from USD 10).

What the broker publishes about payouts

Withdrawal, h
24 hoursgroup

Trading software and asset classes (2)

MetaTrader 4 · MT5

300+ across 6 asset classes: FX, metals, indices, shares, commodities, crypto.

Reviews

Reviews
4.0/5 from 109 reviewsgroup

4,0 109 Bewertungen5 Sterne4 Sterne3 Sterne2 Sterne1 Stern

Where it wins, where it loses

Pros (2)

  • Swap-free account available
  • Withdrawal published at 24 hours

Cons (3)

  • Round turn 18.0 USD against a South Africa median of 7.0
  • No local licence: the client is onboarded by a foreign entity
  • Carries a regulator warning; excluded from beginner and most-established lists

Where it does not serve

United States, Iran, Cuba, Sudan, Syria, North Korea

Methodology

the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Sources (4)

4 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.

  1. Regulator registers
  2. 1fsca.co.zafsca.co.za · domainRegister
  3. The broker's own documents
  4. 2t4trade.comt4trade.com · domainBroker
  5. Aggregators and directories
  6. 3fca.org.uk/news/warnings/t4tradefca.org.uk · pageAggregator
  7. 4fxempire.com/brokers/t4tradefxempire.com · pageAggregator

FAQ (5)

Does T4Trade accept residents of South Africa?

Through an offshore entity.

Which entity onboards a South Africa client of T4Trade?

Tradeco Ltd

What licence does T4Trade hold for South Africa?

No licence number is published for this country.

What does one EURUSD lot cost at T4Trade?

18.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.

How long does a withdrawal from T4Trade take?

T4Trade publishes 24 hours. Their own wording: “Allow up to 24 hours for withdrawals to be approved”.