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Contract reading

What 4T legally published, but does not want you to read

Every clause below is published by 4T itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: 4T Limited

sole discretionhidden feeclient moneydeemed acceptancewithdrawalscost disclosureforum waiverjurisdictionmarketing claimoffshore

4T is two companies. The signup page contracts you with 4T Limited in Seychelles, where every dispute goes to the Seychelles courts. The FCA licence advertised beside it belongs to a different company in London, 4T Markets Limited. That London contract says your deposit becomes 4T's own property, and it classifies you as a professional client rather than a retail one. Stop trading for 90 days and it charges the greater of $50 or 5% of your balance, every month, until nothing is left.

Back to 4T

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
22
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
18
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
8

How the 22 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning13
Notice1

section 33 of 43is where the deepest clause sits, 77% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical5%Fee on an unused account. Jump to the clause this comes from.Dormant accounts lose 5% of the balance a monthCritical1 working daysTime to complain. Jump to the clause this comes from.One business day to challenge a tradeCritical3 working daysWithdrawal limit. Jump to the clause this comes from.Withdrawals refusable while your account shows a lossCritical200In the contract. Jump to the clause this comes from.Losses can run past the money you deposited

What the documents say

22 clauses worth knowing about, worst first, each quoted from 4T's own files

01

Money you send to the London company stops being yours. Clause 17.1 transfers absolute title to 4T, so your deposit becomes its property and you keep no interest in it. Client money protection applies only if 4T writes to you and says so.

Why this matters

You are left with a promise to be repaid, not a claim on your own cash. If 4T fails, that money is not ring-fenced for you. 4T's own clause says you lose the protections you would otherwise have.

Exhibit 1CriticalRarely seen

the absolute title of the money is transferred to us for the purpose of securing or otherwise covering your present, future, actual or contingent or prospective obligations to us (Title Transfer Funds).
Clause 17.1 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026The claim, on What We Do With Your Money page, 4t.co.ukVisit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026What the contract says, clause 17.1Visit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026Your deposit becomes 4T's own property (clause 17.1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA cannot take absolute title to a retail client's money. The arrangement is open only to firms dealing with professional clients and eligible counterparties, which is how clause 3.1 classifies you.

4T is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingA title transfer arrangement is a wholesale device used between institutions. Pointed at an individual, it turns a deposit into an unsecured loan to the broker.

  • Worse together with Exhibit 3The classification clause is what makes the title transfer available, so the two work only together.
  • Limited by Exhibit 214T Markets Limited is an FCA firm in the compensation scheme, and its contract says the FCA Rules beat the contract.
02

4T runs two brokers. The account application at signup.4t.com belongs to 4T Limited in Seychelles, and its contract gives the Seychelles courts sole jurisdiction. The FCA licence shown on that same website belongs to a different company in London.

Why this matters

If something goes wrong you sue in Victoria, Mahe. That contract names no ombudsman and no compensation scheme. It also claims to override the law wherever the two conflict.

Exhibit 2CriticalHarder than usual

In this Contract, "we", "us", "our", and "ours" means 4T Limited, a company established in the Republic of Seychelles on the 15th of October 2019 with the registration number 8427038-1 and with a registered office at Olivier Maradan Building, P.O. Box 802, Mahe, Victoria, Seychelles.
Clause Scope and Services in Terms and Conditions - 4T Limited
Downloaded from the broker's site on Open the reference
Our own capture of 4t.com, taken on Oct 15, 2026The claim, on Promotions page on 4t.com, under Why Kick-start Your Trading Journey with 4T?Visit this page on the broker's siteDownload the full size image file
Our own capture of 4t.com, taken on Oct 15, 2026What the contract says, clause Scope and ServicesVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA have to tell eligible clients they can take a complaint to the Financial Ombudsman Service, and they belong to the Financial Services Compensation Scheme. The Seychelles contract points you to the Seychelles regulator instead.

4T is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

03

The London contract has you promise that you are not a person acting outside your trade, business or profession. You repeat that promise every time you trade. Clause 3.1 then classifies you as a professional client or an eligible counterparty.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

The Financial Ombudsman Service takes complaints from consumers, and 4T's own complaints policy says so. The promise in clause 21.1 is the one sentence in which you say you are not one.

Exhibit 3CriticalRarely seen

you are not a natural person acting outside your trade business or profession and as such would not be classed as a consumer for the purposes of The Distance Marketing Directive
Clause 21.1 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026The claim, on What We Do With Your Money page, 4t.co.ukVisit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026What the contract says, clause 3.1Visit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026You promise 4T that you are not a consumer (clause 21.1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA may treat a client as a professional only where the client meets set tests and asks for that treatment in writing. Clause 3.1 says 4T will categorise you on the information you have already provided.

4T is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingA warranty that the client is not a consumer is a wholesale drafting device. It sits here in an agreement reached from a website offering demo accounts and beginner guides.

04

Stop trading for 90 days and the London company charges the greater of $50 or 5% of your balance every month. The charge repeats until the balance reaches zero. 4T can then close the account without telling you.

Why this matters

The fee is nowhere on 4T's Charges & Fees page, which is where its £50,000 minimum opening deposit sits. Nothing in the clause makes 4T warn you first.

Exhibit 4CriticalRarely seen5%

Any Inactive Account will attract an administration fee (the "Inactive Account Fee") in an amount of $50 (or currency equivalent) or 5% of the available balance of the account on the date the fee is to be taken (whichever amount is greater).
Clause 15.7 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026Dormant accounts lose 5% of the balance a month (clause 15.7)Visit this page on the broker's siteDownload the full size image file

What it costsOn the £50,000 that 4T sets as its minimum opening deposit, the first monthly charge is £2,500, not $50. The next month takes 5% of what is left.

Our readingInactivity fees are normally a small flat amount. A monthly charge set as a percentage of the balance has no ceiling, so it scales with the money you left behind.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 904T treats the account as inactive.15.6
Last working day of each month after4T deducts the greater of $50 or 5% of the balance.15.7
Balance reduced to zeroThe deductions stop.15.8
Zero balance4T can close the account without prior notice.15.9
05

4T adds 20% to a first deposit of $500 or more, up to $5,000. The page says the eligibility criteria and withdrawal requirements are one click away. That link leads nowhere, and no bonus terms appear anywhere on either 4T website.

Why this matters

Bonus conditions decide whether you can take your money out again. You would be agreeing to rules you cannot read before you deposit.

Exhibit 5WarningHarder than usual20%

Simply make your first deposit of at least $500 with 4T, and we will generously add 20% to your initial investment, up to a maximum bonus of $5,000.
Clause Boost Your Deposit with a Generous Bonus! in Promotions: Deposit Trading Bonus Scheme
Read from the broker's site on Open the reference
Our own capture of 4t.com, taken on Oct 15, 2026A 20% bonus whose conditions nobody can read (clause Boost Your Deposit with a Generous Bonus!)Visit this page on the broker's siteDownload the full size image file

The fees page and the e-book do not match 4T's contracts

4T's Charges & Fees page says you will never be charged on top of the spread, while clause 15 lists inactivity fees, wire fees and telephone order fees. Its e-book tells beginners that online trading holds no surprises. Both contracts say a loss can exceed your deposit, and the promotion page advertises up to 200:1 leverage.

Page against contract2 clauses flagged

Both 4T contracts say a loss can be larger than the cash in your account. The promotion page advertises leverage of up to 200:1 on gold, bitcoin, oil and gas. 4T's own e-book tells beginners that online trading holds no surprises.

Why this matters

You can end up owing 4T money you never deposited. Clause 4 of the Risk Disclosure says market losses above your margin will be taken from your account.

Exhibit 9CriticalHarder than usual200

4T Markets Limited’s trading service carries a high level of risk and can result in losses that exceed the cash balance held on your Account at any given time.
Clause RISK WARNING in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026Losses can run past the money you deposited (clause RISK WARNING)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA must limit a retail client's losses on these products to the funds in the account. They must also cap leverage at 30 to 1 on major currency pairs and 2 to 1 on cryptocurrency. 4T's contracts say losses may exceed your deposit.

4T is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

4T's Charges & Fees page says the spread is built in and that you will never be charged on top of it. The same company's contract lists inactivity fees, wire fees, telephone order fees and a conversion mark-up.

Why this matters

The page you are sent to for pricing never mentions the one charge that can empty a dormant account. Read clause 15 before you treat that page as the whole list.

Exhibit 12WarningHarder than usual

The spread is always built-in to our prices and you’ll never be charged on top of this.
Clause Buy and sell in CHARGES & FEES
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026The claim, on Charges & Fees page, 4t.co.ukVisit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026What the contract says, clause 15.2Visit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026The claim, on Charges & Fees page, 4t.co.uk, Account OpeningVisit this page on the broker's siteDownload the full size image file
Our own capture of 4t.co.uk, taken on Oct 15, 2026What the contract says, clause 9.1(e)Visit this page on the broker's siteDownload the full size image file

Your deposit is a debt 4T owes you, not money it holds for you

Clause 17 of the London contract transfers absolute title to every pound you send, so 4T owns it and you hold a repayment claim. Clause 9.2 then lets 4T refuse that payment at its sole discretion, including whenever your account shows a loss. The Seychelles contract sets no withdrawal deadline at all.

Getting your money back2 clauses flagged

4T says it will endeavour to pay a withdrawal within three working days. Clause 9.2 then lets it withhold, deduct or refuse payment at its sole discretion. One listed ground is that the account is showing a loss.

Why this matters

An open position in the red is enough to hold your money. 4T does not have to give you a reason, and no clause caps how long a hold can last.

Exhibit 7CriticalHarder than usual3 working days

We will endeavour to process these withdrawals within Three (3) working days from receipt, and within normal business hours. We may at our sole and absolute discretion withhold, deduct, or refuse to make a payment (in whole or in part) where:
Clause 9.2 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026Withdrawals refusable while your account shows a loss (clause 9.2)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 8An abusive trading review stops payments entirely until 4T is satisfied, so the two clauses close the exit from both ends.

If the bank holding your money fails, the Seychelles contract puts the loss on you, not on 4T. After five years without movement, 4T may stop treating the money as client money and give it to a charity it picks.

Why this matters

The Arabic page inviting your deposit says your money sits in separate accounts at reputable institutions. The contract on the same site says you carry the risk if one of them collapses.

Exhibit 20WarningRarely seen

the Company accepts no responsibility for the solvency of the bank or other financial institution and to the extent that part or all of the Client's money is lost by reason of the partial or complete failure of the bank or other financial institution the loss will be borne by the Client, not the Company.
Clause Client Money in Terms and Conditions - 4T Limited
Downloaded from the broker's site on Open the reference
Our own capture of 4t.com, taken on Oct 15, 2026The claim, on Arabic licences and regulation page, under how 4T keeps your deposits and withdrawals safeVisit this page on the broker's siteDownload the full size image file
Our own capture of 4t.com, taken on Oct 15, 2026What the contract says, clause Client MoneyThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Our readingUnclaimed balance rules usually end with the money being held or paid over to the state. A clause letting the firm donate it to a charity of its own choosing is unusual.

Profits can be voided while the losses on the same strategy stand

Clause 28 of the Seychelles contract keeps a profit 4T considers unfairly made, enforces a loss, then asks you for conclusive evidence of your innocence. The London contract lets 4T revoke trades at its sole and absolute discretion. Neither contract defines the behaviour tightly.

Voided trades1 clause flagged

If 4T believes you traded unfairly, the Seychelles contract keeps your profit and still enforces your losses. You have to prove your innocence afterwards, with conclusive evidence. The London contract lets 4T revoke trades at its sole discretion.

Why this matters

The burden of proof sits on you, and the standard is conclusive evidence. Until 4T is satisfied, it does not have to process your withdrawal.

Exhibit 8CriticalRarely seen

treat the Transaction as void if it is a Transaction under which the Client has secured a profit (and retain any such profit for the Company's own account, subject to Applicable Law), unless and until the Client produces conclusive evidence within 6 months of the Transaction being closed that the Client has not, in fact, carried out the relevant behavior in clause 28.1.
Clause Unfair and Improper Activities in Terms and Conditions - 4T Limited
Downloaded from the broker's site on Open the reference

Our readingVoiding a profitable trade while enforcing a losing one in the same clause is one sided by design. Putting the burden of proof on the client, at a conclusive evidence standard, is rarer still.

One business day to question a trade, and a promise that you are not a consumer

Clause 8.5 makes 4T's record of a trade conclusive and legally binding after one business day, and 4T does not send monthly statements. Clause 21.1 has you warrant that you are not a person acting outside your trade or profession. That is the description the Financial Ombudsman Service works from.

Challenging 4T2 clauses flagged

You get one business day to object once a trade appears on the platform. After that, clause 8.5 makes the statement conclusive and legally binding on you. 4T also says it will not send you monthly statements.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

A trade you query on day three is already settled against you. You have to generate your own statements to spot a problem. The contract then gives three different objection deadlines in three places.

Exhibit 6CriticalHarder than usual1 working days

Account Statements and confirmations shall, in the absence of Manifest Error, Abusive Trading Strategies or grossly obvious inaccuracies, be conclusive and legally binding on you, unless we receive from you an objection immediately upon receipt with such objection confirmed in writing (including email or similar electronic mail) and (in any event) no later than One (1) Business Day of the Transaction appearing in the System or Secure Access Website (where available).
Clause 8.5 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Our own capture of 4t.co.uk, taken on Oct 15, 2026One business day to challenge a trade (clause 8.5)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 3A one day window matters more once the contract has you state that you are not the kind of client the ombudsman hears from.

The Risk Disclosure says 4T bears no liability at all for its own operational processes, unless fraud or dishonesty caused the problem. Phone systems, IT systems and networks are the examples it gives.

Why this matters

A platform failure that costs you a trade is your loss, not 4T's, unless you can show dishonesty. The website terms cap its liability at resupplying the website.

Exhibit 16WarningHarder than usual

4T Markets does not accept or bear any liability whatsoever in relation to the operational processes of 4T Markets, except to the extent that it is caused by the fraud or dishonesty by 4T Markets.
Clause 19. SYSTEM FAILURE in Risk Disclosure
Read from the broker's site on Open the reference

Buried at section 33 of 43 in the Risk Disclosure, 77% of the way through.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA cannot exclude or restrict a duty or liability they owe a client under the regulatory system. 4T's own Terms and Conditions say the FCA Rules prevail wherever the two conflict.

4T is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

  • Limited by Exhibit 21The same contract says nothing in it excludes a liability 4T owes under the FCA Rules.

The charges a reader can see are not the charges in the contract

Clause 9.7 lets 4T add up to 2% to a currency conversion at a rate it picks alone. Clause 15.2 keeps the full list of costs inside the client portal. The Seychelles contract hands its charges out only on request.

Cost disclosure2 clauses flagged

4T converts every deposit that arrives in another currency into your account currency. It picks the rate at its sole discretion and may add 2% on amounts under £10,000, or 1% above that.

Why this matters

The mark-up comes off before you place a trade, and it appears on no public fee page. You pay it again on the way out if a withdrawal needs converting.

Exhibit 10WarningHarder than usual2%

Whenever we conduct currency conversions, we will do so at such rate of exchange as we select at our sole and absolute discretion. You agree that we will be entitled to add a mark-up to the exchange no greater than 1% on transactions over £10,000 and no greater than 2% on transactions less than £10,000.
Clause 9.7 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

What it costsOn £5,000 that has to be converted, a 2% mark-up takes £100 before your first trade.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA have to give a client the full costs of a service before the client deals. The mark-up sits in clause 9.7 of the contract and on none of 4T's fee pages.

4T is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

4T charges wire fees, inactivity fees, telephone order fees, transfer fees and registration costs. Clause 15.2 says the full list of them sits on the deposits and withdrawals pages inside its client portal.

Why this matters

You can only read the whole list after you have an account. The Seychelles contract goes further and hands its charges out only on request.

Exhibit 11WarningHarder than usual

We include a comprehensive list of such costs and expenses on the deposits and withdrawals pages in our Client Portal.
Clause 15.2 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and by CySEC have to disclose costs and charges to a client before that client trades. 4T's Key Information Document sends you to its website, and the website lists only indicative spreads.

4T is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

4T decides when you are in default, then acts in your name

Clause 22.2 appoints 4T, its directors and its senior staff as your attorney the moment 4T decides an Event of Default has happened. Schedule One lets 4T and its subcontractors enter your premises to inspect your computer, in some cases immediately. The contract gives two different notice periods for changing its own terms.

Who decides3 clauses flagged

An Event of Default makes 4T, its directors and its senior staff your attorney, able to sign documents and act for you. 4T decides when a default has happened, and the appointment outlives the contract.

Why this matters

Reasonable grounds to believe you are in breach is enough, and so is 4T's own view that your creditworthiness has weakened. The clause says the power can be used even where its interests conflict with yours.

Exhibit 13WarningRarely seen

On the occurrence of an Event of Default, you irrevocably appoint (i) 4T Markets Limited and (ii) each director and secretary of 4T and (iii) each employee of 4T who is of senior management level, severally as your attorney, to execute and deliver all documents and to do all things which your attorney may consider necessary or desirable to give effect to the provisions of the Agreement
Clause 22.2 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

Our readingAn irrevocable power of attorney over a client is a secured lending device. Here it is switched on by the firm's own opinion and it survives the end of the account.

Clause 29 promises at least 30 calendar days before a change takes effect. Clause 38 lets 4T amend the same contract on five business days, or less where it finds notice impracticable. The website terms say 4T will not notify anyone at all.

Why this matters

To reject a change you must close every position, withdraw your money and close the account. Doing nothing counts as agreement after 30 days.

Exhibit 14WarningHarder than usual5 working days

We may amend the Agreement by no less than 5 Business Days’ written notice to you, except where it is impracticable in the circumstances.
Clause 38.1 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

Buried at section 29 of 39 in the Terms and Conditions, 4T MARKETS LIMITED, 74% of the way through.

Schedule One gives 4T, any exchange and their subcontractors the right to enter your premises and inspect your system. Notice is required, and the clause says it may be immediate in certain circumstances.

Why this matters

If you trade from home, the premises in that clause are your home. Nothing in it limits who the subcontractor can be.

Exhibit 17WarningRarely seen

the right, at any time or times, on reasonable notice (which, in certain circumstances, may be immediate) to enter (or to instruct our or the Exchange's or relevant service provider’s subcontractors to enter) your premises and inspect your System
Clause Schedule One, 4 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

Our readingConnectivity audit rights belong in an institutional agreement with a firm's dealing room. Applied to an individual, the clause reaches a private address.

4T is two brokers, and the signup page is the offshore one

The application at signup.4t.com belongs to 4T Limited in Seychelles, whose contract gives the Seychelles courts sole jurisdiction and claims to override the law. The FCA licence on that same website belongs to 4T Markets Limited in London. The London contract binds you to the English courts while leaving 4T free to sue you anywhere.

Which company, which court1 clause flagged

Clause 39 binds you to the English courts and lets 4T bring an action in any other jurisdiction it chooses. You also waive any argument that the venue is inconvenient.

Why this matters

A one sided forum clause makes it cheap for 4T to pick its ground and expensive for you to object. The same clause has you waive sovereign immunity, which an individual never had.

Exhibit 19WarningHarder than usual

irrevocably submits to the jurisdiction of such courts (provided that this shall not prevent us from bringing an action in the courts of any other jurisdiction); and
Clause 39.1(a) in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

4T's two data policies disagree about where your data goes

The Data Protection page says 4T does not transfer personal data outside the EEA. The Privacy Policy says it may send your data to countries with weaker protection. The Data Protection page is an internal staff handbook, complete with a representative line nobody filled in.

Your documents1 clause flagged

4T's Data Protection page says it does not transfer personal data outside the EEA. Its Privacy Policy says it may send your data abroad, including to countries with weaker protection. The Data Protection page is written for staff and names a representative nobody filled in.

Why this matters

You hand over a passport, a tax number and your income details to open an account. 4T's own documents do not agree on where that data goes or who answers for it.

Exhibit 18WarningHarder than usual

At present we do not transfer personal data outside of the EEA.
Clause Transfer of data to third countries in Data Protection
Read from the broker's site on Open the reference

4T is your counterparty and sets the price alone

Clause 2.7 makes 4T the principal in every contract you enter, and clause 7.2 lets it determine the pricing and price feed at its sole discretion. Clause 19.1 then says its Conflicts of Interest Policy is not contractually binding, while clause 1.2 lists that policy as part of your agreement. Its execution policy does commit to hedging orders immediately.

Both sides of the trade1 clause flagged

4T is the counterparty to every trade you place, and it decides the pricing and price feed at its sole discretion. Clause 19 says its Conflicts of Interest Policy is not contractually binding, while clause 1.2 lists that policy as part of your agreement.

In plain words

Liquidity providers are outside banks and brokers.

Why this matters

The document explaining how 4T handles a conflict against you creates no obligation you can enforce. Its execution policy does say orders are hedged immediately on a matched principal basis.

Exhibit 15WarningHarder than usual

Our Conflicts of Interest Policy is a policy only; it does not form part of the Agreement and is not intended to be contractually binding or to impose any obligations on us which we would not otherwise have whether under the Agreement or the FCA Rules.
Clause 19.1 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

An FCA licence, an FSCS membership, and documents nobody has maintained

4T Markets Limited is authorised by the FCA under reference 624225 and belongs to the Financial Services Compensation Scheme, which covers the first £85,000. Its contract says the FCA Rules prevail over the contract. Its Key Information Document was last updated in January 2022, and its definitions point at clauses that hold something else.

The paperwork2 clauses flagged

4T's Key Information Document was last updated in January 2022. Two of its websites print different postcodes for the same registered address. The contract defines Event of Default by pointing at a clause that holds something else.

Why this matters

Event of Default is the switch that lets 4T close your positions and act as your attorney. The contract sends you to clause 28.1 to find out what it means, and clause 28 is about reimbursement.

Exhibit 22Warning

This KID was created/last updated on 28/01/2022
Clause 2 in Key Information Document (KID) - Rolling Spot Forex
Downloaded from the broker's site on Open the reference

4T Markets Limited is authorised by the FCA under firm reference 624225 and belongs to the Financial Services Compensation Scheme, which covers the first £85,000. Its contract says the FCA Rules beat the contract wherever the two conflict.

Why this matters

That floor only helps if 4T Markets Limited is the company you contracted with. The Risk Disclosure promises client money treatment only to professional clients and eligible counterparties.

Exhibit 21NoticeStandard wording

Nothing in these Terms of Business will exclude or restrict any duty or liability owed by us or any Related Persons to you under FSMA or the FCA Rules and if there is any conflict between these Terms of Business and the FCA Rules, the FCA Rules will prevail.
Clause 1.5 in Terms and Conditions, 4T MARKETS LIMITED
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page calls 4T a trustee of your money while clause 17.1 makes that money 4T's absolute property.

Said in public, in English

Every single penny deposited with us is held in trust, in segregated bank accounts. This means that we are not the legal owners of that money, but the ‘trustees’ of client funds.

What We Do With Your Money page, 4t.co.uk

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of 4t.co.uk

In the contract · clause 17.1

Upon transfer to us, Title Transfer Funds shall become our absolute property and you shall not retain any equity, right, title or interest in such Title Transfer Funds

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of 4t.co.uk

02

The promise is scoped to retail client money, and the contract says you will not be classified as a retail client.

Said in public, in English

All retail client money is fully segregated from 4T Markets Limited's own funds at top-tier banks.

What We Do With Your Money page, 4t.co.uk

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In the contract · clause 3.1

Based on the information you have provided, we will categorise you as either a professional client or an eligible counterparty.

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03

One part of the same agreement says 4T deals with retail clients, and the other says you will be categorised as a professional client or an eligible counterparty.

Said in public, in English

The Firm deals with Retail Clients, Professional Clients and Eligible Counterparties as defined in MiFID II and by the FCA.

Order Execution Policy, section 3, which clause 1.2 makes part of the Agreement

In the contract · clause 3.1

Based on the information you have provided, we will categorise you as either a professional client or an eligible counterparty.

04

The deposit page presents one broker holding three licences, and the contract on that site is with the Seychelles company alone.

Said in public, in English

4T is renowned in the industry for its reliability and trustworthiness, with regulation from the SCA, FCA, and FSA.

Promotions page on 4t.com, under Why Kick-start Your Trading Journey with 4T?

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In the contract · clause Scope and Services

In this Contract, "we", "us", "our", and "ours" means 4T Limited, a company established in the Republic of Seychelles on the 15th of October 2019 with the registration number 8427038-1

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05

The Arabic page promises separate accounts at reputable institutions, and the contract puts the loss on you if one of those institutions fails.

Said in public, in Arabic

نستقبل فقط الأموال من الحسابات المسجّلة باسمك، ونحتفظ بأموال عملائنا في حساباتٍ منفصلة لدى مؤسّساتٍ ماليّة مرموقة.

Word for word in English: We accept funds only from accounts registered in your name, and we keep our clients' money in separate accounts at reputable financial institutions.

Arabic licences and regulation page, under how 4T keeps your deposits and withdrawals safe

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In the contract · clause Client Money

the loss will be borne by the Client, not the Company.

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06

The fees page rules out any charge beyond the spread, and clause 15.2 lists six kinds of charge beyond the spread.

Said in public, in English

The spread is always built-in to our prices and you’ll never be charged on top of this.

Charges & Fees page, 4t.co.uk

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In the contract · clause 15.2

We will also charge you for costs and expenses incurred by us in providing the services such as costs and charges for incidental banking-related fees such as wire charges for deposits/withdrawals and inactivity fees as well as any telephone order fees, transfer fees, registration costs, taxes and other similar costs and Transaction-related expenses

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07

The page promises no deposit fees, and the contract makes you responsible for bank fees and for any charge 4T imposes on the payment method.

Said in public, in English

Opening an account with 4T Markets Limited is free, with no fees for deposits, real-time quotes and educational material.

Charges & Fees page, 4t.co.uk, Account Opening

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In the contract · clause 9.1(e)

you are responsible for all third party electronic, telegraphic transfer or other bank fees in respect of payment as well as any fees or charges imposed by us, which may be based on the elected payment method;

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08

The e-book tells a beginner they know how much they can lose, and the contract says a loss can exceed the cash in the account.

Said in public, in English

With online trading, there are no surprises. Since you have full control to monitor your trading status, you know how much you can lose and how much you can make.

4T e-book, Lesson 1, under Advantages of Online Forex Trading

In the contract · clause RISK WARNING

4T Markets Limited’s trading service carries a high level of risk and can result in losses that exceed the cash balance held on your Account at any given time.

What changed quietly

4T is being reviewed for the first time, so no changes are listed.

  • REWRITTENClause Header notice

    Since June 2026 the banner on every legal page names a different pair of lookalike brands and adds that 4T gives no investment advice.

    4T Markets Limited is NOT AFFILIATED IN ANY WAY OR FORM with 4 MARKETS or 4-mkt.com and DOES NOT OFFER INVESTMENT ADVISE

  • REWRITTENClause Footer

    4T changed the postcode of its registered address on the UK pages between April and June 2026, and its group pages still print the old one.

    Office 4.03, 80 Coleman Street, EC2R 5BJ, London, United Kingdom.

The documents this reading is based on

18 files, all published by 4T. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording 4T publishes.

How this reading was done

Every clause above was read out of a document 4T publishes itself

This reading was published on .

Documents
11 of 18downloaded from the broker's site, and 11 read in full
Pages opened
69pages walked to find those documents, footer links included
Older copies
6earlier versions downloaded, 1 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
AR vs ENthe language it advertises in, against the language it contracts in
Position measured
2clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

4T Limited

Two companies trade as 4T. The account application at signup.4t.com and the contract at 4t.com both name 4T Limited, registered in the Republic of Seychelles in 2019 and licensed there as a securities dealer under SD058. The separate contract at 4t.co.uk is with 4T Markets Limited, registered in England and Wales under company number 08891879 and authorised by the FCA under reference 624225. The 4t.com footer names 4T Global (Cyprus) LTD as the holding company of both, alongside a Swiss technology company, and its licences page adds a UAE company. Which one you deal with depends on the website you arrive at. The Seychelles arm takes a $500 first deposit with a 20% bonus. The London arm sets a £50,000 minimum.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

4T Markets Limited publishes a complaints policy that follows the FCA's dispute rules: free to use, acknowledged promptly, a final answer inside eight weeks, and the Financial Ombudsman Service named with a route to it. Its contract says the FCA Rules prevail wherever they conflict with the contract, and it names the Financial Services Compensation Scheme and the £85,000 limit. The Key Information Document rates the product 7 out of 7 for risk, the highest class there is. The Seychelles contract is translated into Arabic in full, not only the marketing around it, and it sets a 50% margin close-out. Clause 17.1 also spells out, in 4T's own words, that money held under the title transfer loses the protections it would otherwise have.

This review covers the London Terms and Conditions in full. It covers the Seychelles contract in sections rather than from start to finish. It does not cover 4T's Treating Customers Fairly policy or the Seychelles privacy policy, and covers only part of the Order Execution Policy and part of the conflicts summary. Three tables in the Key Information Document are published as pictures, so the cost figures inside them are not covered. The bonus terms could not be read by anyone, because the page describing them links to nothing. No earlier copy of either contract exists to compare against, so the version comparison covers only the five short policy pages. The Cookie Policy also prints a web address for an outside cookies guide that does not open as printed.

How to check any of this yourself

Every quote above links to the 4T file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document 4T publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge 4T on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 15, 2026.

If you represent 4T and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on 4T. Whether its licence is real and current is a separate check on the broker profile.

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