Traders4TradersReviews of traders4traders.com

Well, i joined and used this company as a copy trader at the start as the the bonus scheme to have larger capital helped. All was going well until i decided to remove ( some ) of my profit! Well on requesting the removal of profits of £3000 GBP they decided to add admin fees! which is ridiculous. several messages and days went passed waiting for my account manager to respond and get back in touch and no joy! Decided to go to help on the platform again and got a very helpful person in technical and they said it was a technical issue apparently. still waiting on all my funds to be back in my account. so on this note id recommend avoiding this company.

"Early Withdrawals Reduce Your Maximum Loss Limit Example: A trader starts with a $100,000 account and makes $60,000, taking their account balance up to $160,000. Their maximum loss limit is now $35,000 (2.5 times the Weekly Loss Limit)". "If they want to continue trading they must leave some of the $60,000 profit in the account. If they withdraw $50,000 their account balance will be reduced to $110,000, leaving them with a maximum loss limit of $10,000." In a $100K account, once you reach profit of 4% or more you can no longer afford to go down below $100K. This means zero risk on their part after you reach 4% profit. The only risk they are taking is from starting point up to the point you make your first 4% profit, max risk on their part is $4K (based on max static DD). After 4% profit, you are technically trading your own earned money ofcourse they share half of your profit. I am not saying it's a scam. I am just making everyone aware of what they are getting in to. I hope they can amend the rules to be more reasonable since you are paying a non-refundable one-time fee.

Currently working through their practical assessment. The combination of commissions AND a 0.6 pip spread for EURUSD on their demo account makes it challening to run low timeframe scalping strategies in the demo assessment which are easily traded live on brokers like Interactive Brokers. I have to add 0.6 pips on to every long for entry and take off 0.6 to every short for my targets in the system AND account for comissions that eat up 8% of my profit per trade for this system. Yes, once I progress past the assessment, the spread issue will no longer be as much an issue since the demo account hits across the spread differently than actual traders would, for example, but still.. This system has traded for over a year without issue on a live account on IB without issues and is currently up 42% running 0.3% risk per trade. Just goes to show you how thin of an edge we have in these markets! I was getting ready to run this system live on another forex combine company called 5%ers actually, but their broker feed adds a "..." to all symbols in MT4, which messes up the MT4 PeriodConverter script so I can't load 2m charts. This makes it impossible for me to run this strategy on their platform. That being said, the fees from the 5%ers liquidity provider during their assessment are not as crushing as he T4T liquidity provider. Why? Well it's because during the 5%ers evaluation, they give you tiny LIVE account instead of a demo account, actually. This increases the success rate for their traders, I believe. I wish they would fix that broker feed problem - if it weren't for this, I would be using their eval instead of T4T. Still, T4T has one of the fairest sets of Forex combine evaluation rules among all of the various ones I have looked at. Even in some ways more fair than 5%ers. Hence why I am giving 3 stars. If there were a way to make the practical assesment even closer to live account conditions, it would make them the absolutely best provider with the best chances at success. :) Cheers.