TF4L Forex Broker

TF4LReview SummaryFounded2013Registered Country/RegionUnited StatesRegulationNFA (Suspicious clone)Market InstrumentsEquities, Forex, Interest Rates, Metals, Energy, Grains and Softs, LivestockDemo Account✅Leverage1:50Spread/Trading PlatformRithmic Trader Pro, CQG Integrated Trader, CTS Platform, Trading Technologies (TT)Min Deposit$2,500Customer SupportPhone: (312) 241-1982Contact FormCompany 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 & ConsProsConsWide range of tradable assetsSuspicious clone licenseHigh minimum deposit requirementLack of transparencyIs TF4L Legit?Regulated CountryRegulated AuthorityNational Futures Association (NFA)Regulated EntityStage 5 Trading CorpLicense Type0444666License NumberCommon Financial Service LicenseRegulatory Status Suspicious CloneWhat Can I Trade on TF4L?Trading AssetAvailableforex✔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 VolumeCommission Per Side0-2000$0.492001-5000$0.405001-10000$0.3510001-20000$0.3020001+$0.25Trading PlatformTrading PlatformSupported Available Devices Suitable for Rithmic Trader Pro✔/Experienced tradersCQG Integrated Trader✔/Experienced tradersCTS Platform✔/Experienced tradersTrading Technologies (TT)✔/Experienced tradersMT5❌Desktop, Mobile, WebExperienced tradersMT4❌Desktop, Mobile, WebBeginner