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• Our Review Method

• Is Time4X Scam or Legit Broker?

• What is Time4X?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Time4X due to the issues we've identified.

Is Time4X Scam or Legit Broker? ▲

Trading with Time4X is deemed unsafe due to its status as an offshore unregulated broker. This categorization reveals that Time4X operates outside the boundaries of stringent global regulations designed to offer traders essential protection, thereby marking it as a potential scam. Offshore brokers like Time4X are not subject to the rigorous compliance measures imposed by reputable regulatory bodies, putting traders' investments at significant risk.

• Registered in: St. Vincent and the Grenadines

• Type of License: Offshore License

• Is Time4X safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

What is Time4X? ▲

Time4X falls under the ownership of FAH Investment LTD and operates as an offshore Forex broker, with its registration rooted in St. Vincent and the Grenadines, under the Financial Services Authority. The appeal of acquiring an offshore license often lies in its low cost and rapid issuance, requiring roughly $2,000 and a few weeks to secure. This contrasts starkly with the substantial financial and time investments needed to obtain licenses from stringent regulators like the UK's Financial Conduct Authority or Italy's CONSOB, which demand upwards of $50,000 for a license and significant capital reserves.

• Advantages of Offshore License: Low cost, quick acquisition

• Cost of FCA License: USD 50,000

• Capital Needed for STP License in the UK: USD 100,000 (excluding client deposits)

• Corporate Capital for Italian Trading License: EUR 50,000

Conclusion ▲

Our extensive review and analysis, considering over 1000 brokers, underscore the importance of engaging with brokers regulated by esteemed global authorities. These entities adhere to a comprehensive set of regulations and have established a reputable track record over time. Consequently, we strongly advise against opening a trading account with Time4X, given its unregulated and offshore status which significantly elevates the risk of trading. Traders should prioritize safety by choosing well-regulated brokers, such as those in the UK or Australia.

Time4X Update

Our latest findings indicate that the Time4X website is presently inactive. In the realm of forex trading, the safety of funds is paramount. Therefore, we urge traders to steer clear of Time4X and remain vigilant to protect their investments from potential risks associated with unregulated entities.