T4T Capital is a New York and Dublin based firm with over 28 years experience in the Forex market, offering financing of up to $1,000,000 million and profit sharing of up to 80%.
T4T Capital Rating: 8,8
T4T Capital Features:
- Profit sharing of 60% to 80%
- Financing up to $1,000,000 million
- No limit on profit targets
- Leverage 1:10
T4T Capital Trading Firm Review
T4T Capital, a prop trading company based in New York and Dublin with trading servers in London, offers professional services based on considerable experience.
What is T4T Capital
T4T Capital offers traders a range of instruments, including forex currencies, stocks, indices, and commodities. To use an account, you need to pay a one-time fee, depending on the size of the account you want to use. A level 1 account for $25,000 will cost $125. Traders who violate the rules/limits can pay a reset fee (but this does not apply to real accounts). Below average leverage – 1:10 for all trading accounts.
There are seven account types available for trading, ranging from $25,000 to $1,000,000. The wide range of account sizes available to traders means that whether you’re trading at a safer level or want to manage significant amounts of money.
The profit share ranges from 60% to a whopping 80% if you make more than 20% profit. Traders can use MT4, a well-known trading platform with great tools and resources for trading.
T4T Capital Features and Highlights
|🌍 Location||Dublin, Republic of Ireland|
|🖥️ Technology||Browser-based application, App|
|💸 Practical Assessment||Single Payment|
|📝 Strategy||Any trading strategy, EAs, or bots.|
|📈 Trading Platforms||MT4|
|🔒 Weekly Loss Limit Level||2%|
|💰 Profit Split
||from 60% to 80%|
T4T Capital Trustpilot Reviews
Top benefits in user’s opinion:
- No time limit.
- Educational courses.
- Excellent support.
Bad benefits in user’s opinion:
- Small leverages and lot sizes.
- The highest reset fees.
T4T Capital Review
In order to trade Forex, you first need the size of your trading account. Trading in small accounts, in order to achieve a stable income, can lead to excessive trading and excessive use of borrowed funds. T4TCapital gives you the opportunity to get funding with a hands-on Forex evaluation.
Like all proprietary trading companies, T4T Capital requires you to do a pre-assessment to ensure you can trade with them in real-time. Using a demo account, traders have unlimited time to complete the assessment without breaking the rules of opening a live trading account.
T4T Capital’s Programs
To take the practical assessment, you need to pay a fee, a one-time payment. Traders who violate the rules/limits can pay a reset fee (but this does not apply to real accounts).
- Level 1 account of $25 000 would cost $125.
- Level 2 account of $50 000 would cost $250.
- Level 3 account of $100 000 would cost $350.
As with real trading accounts, the wide range of account sizes offered to traders means that people with varying levels of experience can get hands-on certification and be able to trade live!
Unlimited time testing is suitable for all traders, whether beginners or experienced. The unlimited time frame relieves stress and therefore reduces the risk of unsatisfactory results. Of course, taking a forex trading course at Traders4Traders will greatly increase your chances of passing!
To get to the next level, you will need to do the following:
- Have been trading for at least 3 months.
- Receive 10% of the initial balance.
- Achieve the “Trader’s Efficiency Metric”.
T4T Capital’s Scaling Plan
|Entry level||Account Size||Profit Target||New Account Size|
|Level 1||$25 000||10%||$50 000|
|Level 2||$50 000||10%||$100 000|
|Level 3||$100 000||10%||$250 000|
|Level 4||$250 000||10%||$500 000|
|Level 5||$500 000||10%||$750 000|
|Level 6||$750 000||10%||$1 000 000|
|Majors||EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDJPY, USDCHF, EURCHF, EURGBP, EURJPY, GBPJPY, GBPCHF|
|Minors||CADJPY, AUDJPY, EURAUD, EURCAD, NZDJPY, AUDCAD, AUDCHF, AUDNZD, CADCHF, CHFJPY, EURNZD, GBPCAD, GBPAUD GBPNZD, NZDCAD, NZDCHF|
|Exotics||GBPSGD, AUDSGD, CADSGD, CHFSGD, EURMXN, EURNOK, EURPLN, EURSEK, EURSGD, EURTRY, GBPNOK, GBPSEK, MXNJPY, NOKJPY, NOKSEK, NZDSGD, SEKJPY, SGDJPY, USDCNH, USDNOK, USDMXN, USDPLN, USDRUB, USDSEK, USDSGD, USDTRY, USDZAR, AUDCNH, AUDHKD, CNHJPY, GBPCNH, NZDCNH, EURZAR, GBPZAR|
|Majors||JP225, EU50, FR40, DE30, UK100, US500, UT100, US30, AU200|
|Minors||HK50, ES35, CHINA50, CHSHARES, RUSS2000|
- Equities Indices
|Majors||F40xx, UK100xx, USDIndexxx, DE30xx, US500xx, UT100xx, US30xx*|
|Minors||CHIN50xx, ESP35xx, INDIA50xx, Sing30xx, VIXxx*|
* – Where “xx” refers to the expiry month and year.
The first letter is the expiry month:
- F Jan, G Feb, H Mar, J Apr, K May, M Jun, N Jul, Q Aug, U Sep, V Oct, X Nov, Z Dec.
- The second letter is the year: e.g., Dec-2019 is “Z9”.
|Majors||XAGUSD, XAGEUR, XAUUSD, XAUEUR, UKOIL, USOIL|
T4T Capital Trading Rules and Account Limits
- Trading Rules
T4TCapital automatically manages your valuation. Based on industry-standard metrics to ensure minimal risk. If you violate any of the account management rules, your trade will be closed.
Please note: you do not need to reload your account if you violate any of the account management rules. But your trade will be closed automatically, including open or pending trades.
- Account limits
If you violate any of the following limits, your evaluation will be closed. To continue your evaluation, you can pay a limit reset fee for your account size, your account will be reset to its initial balance, and you can continue your evaluation.
- Stop Loss is attached to every trade
Professional traders attach a stop loss to each trade as their trade enters the market. Every time you open a position or place a pending order in the market, an existing stop loss must be attached to it! This means that you cannot enter the market and then add a stop loss. Every position you take must have a stop loss. If a stop-loss is not attached, you can lose the whole account.
If you use a market order or a pending order without a stop loss, the order will be automatically closed.
- Weekly Loss Limit Level
To protect your profit from the previous week, the weekly loss limit level is set. It is set at the beginning of each week and remains unchanged until the end of the week. It is calculated as 2% of the initial account balance subtracted from the initial account balance for the week.
The 2% calculation is maintained for the duration of the practical assessment period. Once you open a real trading account, this 2% is increased to 5% after you achieve a 10% profit, giving you greater flexibility in the real account.
- Maximum position size
Controlled by the leverage settings. If MT allows you to place a trade, you can do so. There are no more positions with a maximum lot size. The account balance is leveraged at a 10:1 ratio. This means that for every $10,000 USD in your trading account, you can trade $100,000 USD or 1 standard lot.
- Resetting of fees
Reset fees only apply to demo forex trading classes, there are no reset fees on live accounts. If you violate the live account limits, your account will be closed.
For a practical evaluation of Demo Forex trading, you can reset your account under the following conditions:
- If you violate the rules and/or restrictions.
- At any time.
The cost of resetting depends on the size of your company’s initial account assessment. If you are an experienced foreign exchange trader, it is highly unlikely that you will need to reset your account.
|📈 Funded Trader Program||📊 Tradable Assets||🔍 Review|
|The 5ers||Forex||Read review|
|TopStep||Forex, Futures||Read review|
Education and coaching plan
T4T Capital is not only a prop firm for traders but also has an affiliated company, a Forex education portal/service – Traders4Traders, where you can find a number of different courses and obtain legitimate diplomas.
For example, the Professional Forex Diploma offers three modules dedicated to Forex trading. At the end of the course, traders will be able to get a job at the T4TCapital incubator fund, as well as trade their own capital.
Such an opportunity is not available at many other proprietary firms, which makes T4T Capital an excellent choice for beginning traders.
Traders4Traders offers two types of forex trading courses:
- Forex trading course for beginners
The Complete Online Forex Trading Course is a comprehensive program that includes three online currency trading courses. The course includes tutorials, Traders4Traders trading software, a $100,000 demo account for hands-on evaluation, and the right to real savings account worth $100,000.
The cost of the entire online forex trading course is USD 1,499 for lifetime access.
- Advanced Forex Trading Seminar
Traders4Traders has also developed a 5-day accelerated forex trading seminar. The seminar program consists of three days of intensive in-person training and two days of hands-on trading. All students have access to all training materials, a demo account, and Traders4Traders trading software.
The accelerated seminar costs $2,999.
After students get the right education on the academic programs, they can test their skills on a demo account with trading plans and rules. This prevents them from losing real money and helps them qualify for a forex-funded account if they pass this hands-on assessment.
You can also get basic knowledge for free. Just register with Traders4Traders and you will receive the 5 part webinar “How Bankers Trade Forex” and the course “Forex 101: Quick Start Course”.
You can contact T4T Capital customer support through a variety of channels. The fastest way to get an answer to your question is through chat. It is open 24 hours on weekdays, but in some cases, they may respond to your request by email.
The best way to communicate and get a consultation is a video call to Zoom. Customers who prefer other methods of communication can use email or a phone call.
Pros & Cons
- Funding up to $1 000 000
- No time limit on profit target
- Simple trading rules and account limits
- No monthly subscriptions
- Automated risk management
- Limited leverage
- Not the best reputation
- No weekend holding
Overall, T4T Capital is a good choice when considering some of the leading proprietary companies in their sector. With significant profit sharing, a range of trading instruments, and multiple account levels, T4T Capital is worth considering when it comes to funding.
The leverage is relatively low, which may not suit all traders, but the other benefits of this propaganda company mean that traders of all experience levels have the opportunity to develop their skills and earn real capital. We were particularly impressed with the Scaling Up competition, as it’s rare for a company to facilitate participation in a competition with more than one option.
Mixed reviews give the company a pretty average rating, so we recommend reading more personal testimonials, but overall T4T Capital is a great choice if you’re looking for a startup!
What a novice trader should pay attention to?
Structure of the proprietary company
- Managing partners – experienced traders with serious experience: they make decisions concerning large trading operations and other business tasks.
- Senior traders – each of them is in charge of their own trading direction (scalping, action trading, precious metals trading and etc.).
- Ordinary traders – trade on different strategies. They are subordinate to one of the senior traders depending on the trading method.
In addition to these departments, large prop firms have:
- a training center;
- a risk management department;
- analytical department;
- the department of developers and testers of strategies and software.
The level of riskiness of trading strategies can vary at proprietary firms, but on average, the risk is slightly higher than at firms that operate on the hedge fund principle. This is because although hedge funds have broad authority to manage client money, they do not trade with their own funds and have to limit risk in many trades, thereby diverting much of the amount under management to hedging.
What is the risk of a proprietary trader?
In the classic model of proprietary trading, all risks associated with the loss of trading capital are assumed by the company.
In order to minimize them, a well-developed risk-management scheme is used, which includes the following points:
- Limits the loss per trading session.
- Setting the limit for buying/selling the volume of assets for each day.
- Deals are not carried over to the next trading day.
- The company limits the trader’s working time without the possibility of extending it.
prolongation. After the expiration of the set trading hours, all open transactions are closed forcibly.
- The risk manager monitors every order opened by a prop trader and stops trading in case of negative trends.
The working principle of most proprietary firms differs significantly:
- A prop trader places a certain amount of money on a real account, the company increases the deposit several times.
- Trading is carried out within the frameworks set by the company, in accordance with the required money management and recommendations of senior traders.
- In the case of a series of losing trades, which lead to a loss of funds approaching the amount of trader’s own money, a stop-out triggers, and trading stop.
- The prop company recovers its capital, the account is blocked and the trader will have to negotiate with the firm again to continue trading.
- The company itself does not risk its capital.
Can I use my own Expert Advisors and trade in my own style?
Yes, absolutely. There are no restrictions on how you trade or what advisors you can use. All the company pays attention to are the rules and restrictions, so you are free to trade the way you like and with the tools you like.
If you use EAs for execution, you are responsible for making sure that you have stop losses attached to every open position and pending order.
What is a pip?
A pip, short for point in percentage, is a very small measure of change in a currency pair in the forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change. It is usually $0.0001 for U.S.-dollar-related currency pairs. A fractional pip or point is equivalent to 1/10 of a pip. There are 10 points to every 1 pip.
What is Forex Trading?
Forex is also known as foreign exchange or FX, it allows you to buy and sell currencies where you can trade one currency against another currency. The forex market is available 24 hours a day, five days a week, and is one of the largest and most liquid financial markets in the world.
What are Forex Trading Hours?
The Forex market is open 24 hours a day, 5 days a week.
The time on MT4 is shown as Eastern European Time (EET).
During Daylight-Saving Time, EET is 3 hours ahead of Greenwich Mean Time (GMT +3). During Standard (Winter) Time, EET is 2 hours ahead of GMT (GMT +2).
The end of our trading day always aligns with the market close in New York.
What is the Meta Trader 4?
MetaTrader 4 is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences (CFDs), and futures markets. MT4 provides tools and resources that allow traders to analyze price, place and manage trades, and employ automated trading techniques.