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Time4X Review - is it scam or safe?

Time4X Review - is time4x.co scam or good forex broker?

RATING: 1 / 3 REVIEWS Time4X
Time4X is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Minimum deposit Min. trade size Max. leverage Average Spread
Micro €500 0.1 1:1000 1.6 pips
Standard €3 000 0.1 1:1000 N/A
Premium €5 000 0.1 1:1000 N/A
VIP €50 000 0.1 1:1000 N/A

 

Time4X is an offshore forex and CFD broker that offers the account types listed above and seems to target mainly European investors. However, its website provides no details on the trading conditions on the different account types, other than the minimum initial deposit required. That is why we filled the table with the information we got from the demo account. Read the full review to understand why we gave this broker such low rating.

 

 

Note that Time4X does not provide brokerage services for citizens of the United States of America, Japan, British Columbia, Quebec and other regions.

 



Time4X Advantages


MetaTrader 4 available
As most companies in the forex sector, Time4X offers its services on the MetaTrader 4 (MT4) platform. No wonder this is the most popular forex trading software, as the platform is reliable, easy to use and equipped with a set of professional tools and features. One of the main selling points of MT4 are the top-notch charting, the ability to use wide range of custom technical indicators and automate trading systems (Expert Advisors), as well as the customization options through the MQL Marketplace.

 

While the availability of MT4 in a broker’s offering is definitely positive, our overall opinion on Time4X is not. That is why we advise you to check out the link below.

 


>> Better MT4 Brokers <<

 

  

Free VPS (allegedly)

Another possible advantage of Time4X is that the broker offers its clients a free virtual private server (VPS) where they can run Expert Advisors around the clock. The only conditions they have to meet is to maintain at least 500 EUR equity in their account and to trade at least 7 lots per month.

 

High leverage

Although the broker ha not disclosed the maximum leverage levels it provides, when we opened a demo account, we found that it is up to 1:1000. This is a very high ratio, which will be praised by some traders.  We generally consider the option to use high leverage levels an advantage, but a ratio of 1:1000 might result in heavy loss, so be careful.  

 


Time4X Disadvantages


Registered offshore, regulatory warning

Time4X is owned and operated by FAH INVESTMENT LTD., a company registered in St Vincent & Grenadines. This is an offshore zone where forex brokers are actually not regulated. This means that the money of their clients are not safe and the interests of the latter are not protected. What is worse, many of those brokers are running investment scams.

 

If this does not sound bad enough to prevent you from opening an account with Time4X, there is more. CONSOB, the Italian financial regulator has published an alert about this broker. So, you’d better stay away.

 

 

Click on the image to zoom-in.

 

Trading conditions not specified

It always leaves a bad impression when a company does not present clearly the pricing for its services. In the case of Time4X, there is no information on spreads, nor leverage levels or minimum trade sizes, which is a major drawback that additionally lowers the rating of this broker. We had to open a demo account to see some of its trading conditions, however the live trading environment might be different.

 

 

Time4X' demo MT4. Click on the image to zoom-in.

 

As you can see from the above image, the spread on EUR/USD is 1.6 pips, which is slightly above the industry’s average of 1.0 -1.5 pips for this pair. For a real-time comparison of some of the best offers in the forex sector, check out our dedicated page.

 

 

>> Compare the spreads of some of the best forex brokers <<

 

 

High initial deposit required

In order to become a client of Time4X, one has to deposit at least EUR 500, which is a comparatively high initial investment. Other companies in the forex industry require $100 - $200 as a start and some go lower. For example, Leading EU broker XM requires an initial deposit of $5.

 


Conclusion

 

Time4X is an offshore forex and CFD broker with low credibility, which does not even bother to disclose any information about the trading conditions it offers.  The demo trading environment of the broker is not very attractive either – spreads on majors are above the average. On top of that, the Italian Financial watchdog has issued a warning against it.

 

Considering the above, we do not recommend doing business with Time4X. Here is a list of tightly regulated brokers that meet strict requirements and are under the supervision of UK’s Financial Conduct Authority:

 


>>FCA-regulated brokers <<

 


To sum up the advantages and disadvantages of Time4X in a few words:

 

Pros Cons
MetaTrader 4 available Offshore broker, CONSOB warning
High leverage levels No info on trading conditions
Free VPS High initial deposit required

 

Latest news about Time4X
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Traders` reviews for Time4X

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

truffato

La TIME4x.CO nelle persone dei consulenti DAVIDE VITALE CARLO MANIERI e a volte Thomas e Simone con la scusa di volermi far recuperare le perdite avute con altri broker attraverso un loro Ufficio Recupero. Mi hanno convinto a fare versamenti della bellezza complessiva di 107.001 euro che mi hanno perso operando anche in modo gestito in circa 6 mesi di operatività per poi sparire rendendo irraggiungibile il loro sito web. Ovviamente ne avranno aperto qualche altro continuando così a truffare altri ingenui come me.
Quindi non si sa più chi andare a prendere.
Attenzione a questi sciacalli e alle loro lusinghe iniziate con una certa Laura Valle.

Translated by Google:

cheated
TIME4x.CO in the persons of the consultants DAVIDE VITALE CARLO MANIERI and sometimes Thomas and Simone with the excuse of wanting to make me recover the losses I had with other brokers through their Recovery Office. They convinced me to make payments of a total beauty of 107,001 euros that they lost me operating also in a managed way in about 6 months of operation and then disappear making their website unreachable. Obviously they will have opened some more, thus continuing to defraud other gullible people like me.
So you no longer know who to pick up.
Beware of these jackals and their flattery started with a certain Laura Valle.

Sergio Scaccabarozzi 04/02/2019

Time4X non pagano neanche quando fai utili

aperta nel 2017 fatto utili per 18mila euro ad oggi 20/12/2018 anno sospeso il conto non rispondono piu al telefono e tanto meno per imeil. SONO DEI TRUFATORI A PIENE MANI

Translated by Google:

opened in 2017 made profits for 18 thousand euros to today 20/12/2018 suspended year the account no longer answer the phone, much less for email. THEY ARE OF FULL HAND SCAMMERs.

Marco 12/20/2018

Time4X Auszahlung

Habe vor 2 Wochen eine Auszahlung beantragt, 2 Erinnerungen geschrieben, es passiert einfach nichts. Da werde ich Wohl einen Anwalt einschalten müssen.

Translated by Google:

Time4X Withdrawal

I requested a withdrawal 2 weeks ago, wrote 2 reminders, nothing happens. Well, I'll have to hire a lawyer.

Erhard Brüsemeister 11/14/2018
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