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Т review - Is scam or good forex broker?

RATING: 1 / 4 REVIEWS ForexBrokerz is an offshore broker. Your money is not safe.


Т is an offshore forex and CFD broker offering several account types with a leverage of up to 1:200 and the MetaTrader4 platform. Unfortunately the broker is not regulated and even worse - being market makers they actually offer managed accounts, which honestly is a recipe for a scam. So if you are about to deposit your funds with them better read this review first.


Account type Min. deposit Max. leverage Spreads
Bronze Account $5000 1:200 3 pips
Silver Account $25 000 1:200 n/a
Gold Account $100 000 1:200 n/a
Platinum Account $200 000 1:200 n/a


Т Advantages:


Over 50 currency pairs and various CFDs offered


We always try to find any positive sides about a broker, and here with Т the first thing that comes to mind is the good variety of trading instruments, including some 55 currency pairs, many of which minor or exotic like USDILS, USDCZK, USDRUB, USDRON, USDHUF, USDSEK, USDNOK, USDPLN, USDHKD, USDMXN, USDCNH, USDZAR, USDTRY, USDDKK and USDSGD. 


And we also came across CFDs on various assets, including oil, natural gas, gold, silver, platinum, palladium, other metals, agricultural commodities, 31 indices, bonds, stocks, and even crypto coins like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Still if you are tempted by the idea of trading crypto, here you may also check our list of brokers trading with bitcoin CFDs:


>>Bitcoin Forex Brokers<<


Leverage as high as 1:200


And this we consider another positive point for Т Leverage as high as 1:200 is currently offered only by offshore brokers and brokers regulated in Australia – the last major regulatory hub where brokers are still allowed to offer unrestricted leverage to retail clients. Besides, here you may check our list of brokers regulated in Australia:


>>Brokers regulated in Australia<<


MetaTrader4 available


Despite the fact that we were not able to immediately open a demo account and check the platform first hand, we should credit  Т for offering MetaTrader4 – the most popular trading platform on the market, featuring almost 100 customizable market indicators and trading robots, with the help of which one can easily run automated trading sessions. And besides MT4 has an excellent set of advanced charting tools, so here you may check our list of brokers supporting the MetaTrader4 as well:


>>MT4 Brokers<<


Т Disadvantages:


No license


Т is owned by the Marshall Islands based Trade Up Ltd., but is operated by Domainmatch Limited, which is incorporated in Cyprus. Unfortunately non of the two companies is licensed by an official regulator such as the Cyprus Securities Exchange Commission (CySEC) or  the Financial Conduct Authority (FCA) in the UK and this significantly decreases the broker's credibility.


Bear in mind that if a broker wants to target customers on regulated markets like the EU, the U.S., Canada, Australia or Japan, it should be properly licensed by the local authorities. 


And besides, if you are trading for example with a FCA regulated broker, your funds will even be insured for up to 85 000 GBP – so here you may also check our list of brokers regulated in the UK:


>>FCA Regulated Forex Brokers<<


Marlet maker offering managed accounts


In their Terms and Conditions Т acknowledge that in fact they are acting as market makers. 



This means that they are making money, whenever their clients lose. And that by itself is not a problem. It is a problem however, when a market maker offers its clients a managed account, as is the case with Т See for yourself:



Trading bonuses with unspecified withdraw conditions


Т offer trading bonuses but they do not bother to reveal under what conditions. See for yourself:



Bear in mind that the practice of offering trading bonuses is highly controversial and is actually banned throughout Europe and on many other regulated markets, exactly because of the additional withdraw conditions, like some minimum trade volume requirement, which too often proves too difficult to fulfill.


Absurdly high minimum deposit requirement 


Т asks you to deposit at least 5000 USD for their opening Bronze Account and that is simply unacceptable. Bear in mind that with most brokers the minimum deposit requirement is about 250 USD, while with some big well known companies like FBS and IG you will be able to start trading with just 5 USD or so.


Skrill not accepted as a payment method


Although Т accepts some e-wallets like Yandex, QIWI, WebMoney, PaySafe and Vload, they do not accept Skrill – one of the most popular money transfer platforms. Bear in mind that not long ago Skrill adopted a new anti – scam policy, according which all brokers using their platform are required to prove they are holding a legit license. As we already noted Т does not have a license whatsoever.


Otherwise the broker accepts payments with credit and debit cards like VISA and MasterCard, as well as bank wire.




Т is a unregulated, offshore broker, which we can not recommend especially because they offer managed accounts, while actually acting as market makers. As always in such cases here we will repeat our usual advise to trade only with legit brokers, properly regulated by official financial authorities like the FCA in the UK, CySEC in Cyprus or the Australian Securities and Investments Commission (ASIC).

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I lost money with

Fake company I lost money within a month, cheated me with trades that never made sense and earned commission with lose to account holder. It was real waste of money and time stay away from them...

Charan 11/10/2019 Not Return the Money after withdrawal

Dear All, Be careful,

This is completed cheated and fraud website. They have not return my money after withdrawal from the MT4 Terminal. They are completed fraud. ALl are involved including MT4. I am going to do legal fight against all those cheaters.

BEcarefull... If anyone suffer this let contact me on email.

BPatel 08/30/2019


High spread, fake bonuses, impossible to withdraw, unprofesional and agressive sales agents/conversion (,,account managers), incompetent retention (,,market specialists/analysts,,), low leverage

Steven 07/12/2019
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