Tools4Deals Review: Professional Services or a SCAM?

Tools4Deals - logo
Rating:
1.2

While Tools4Deals proudly emphasizes its commitment to your success and claims to provide professional services, we’ve encountered numerous instances where such bold assurances turned out to be the trademark of scam operations. Amid the sea of promises, it becomes crucial to scrutinize whether the company lives up to its lofty claims or falls into the dubious category that we will explore in the following review.

Tools4Deals General Information

Website https://tools-4deals.com/
Phone Number +31203699503, +6531596848
Email support@tools-4deals.com
Address Gustav Mahlerplein 28, Amsterdam, Netherlands Robinson Rd 14, Singapore 048545, Singapore
License
Minimum Deposit $250
Assets CFDs
Leverage
Trading Platform WebTrader

Registration and Client Portal Review

Step into the world of Tools4Deals, where the homepage is like a virtual red carpet rolled out exclusively for traders. Picture this: a charismatic figure who might pass for George Clooney’s distant cousin, radiating success vibes that practically leap off the screen. Is he a trader who has effortlessly raked in millions? The website seems to suggest so.

However, hold your horses! Tools4Deals serves up content that’s more about creating an impression than delivering real, informative substance. The website, while not extraordinary, neither repels nor dazzles. It’s just your typical online trading platform, but with a touch of glitz and glam — the George Clooney of trading websites, if you will. So, grab your popcorn, sit back, and let’s see what this cinematic trading experience has in store for us.

Tools4Deals - website

Embarking on the Tools4Deals journey? Buckle up for a rather standard registration process. You’ll be greeted with a petite questionnaire, demanding your personal particulars. Oh, and let’s not forget the cardinal rule: devise an airtight password. Because there seems to be no other fortification strategy in place. The broker doesn’t bother sending any confirmation codes to your email or phone number, leaving the security of your account solely in your hands. And, by the way, your personal hub is intricately linked to the trading terminal.

Register

Now, let’s venture into the realm of the client portal. Prepare for ‌disappointment, as it flaunts a lackluster, grayscale aesthetic. It’s like a dull office space, with functionality that could use a serious facelift. So, prepare to be underwhelmed by its lack of pizzazz and limited functionality.

Tools4Deals - Client Portal

Tools4Deals Trading Conditions

Ah, the allure of a broker proclaiming to be the architect of client success! One can’t help but anticipate something extraordinary, right?

Account Types Review

The names? Standard, Bronze, Silver, Gold, Platinum, Pro, and, hold your breath, VIP with a minimum deposit of a whopping 250,000 euros. To unravel the mysteries of the VIP account, brace yourself for a rendezvous with the managers.

Now, let’s dissect the other accounts. The broker decidedly courts deep pockets here. The entry-level Standard merely offers a platform introduction, the companionship of a personal manager, and a leverage that’s as mysterious as the Bermuda Triangle. Level up to Bronze, and you’re gifted with a bonus, one insured trade, and even educational tutorials for the fledglings. The Silver account boasts an individual investment plan and business financing. And the crescendo continues. Unfortunately, details on contract specifications, spreads, or, at the very least, leverage are scarce.

Trading Platform

The trading platform is a run-of-the-mill web trader. So don’t set your expectations sky-high for anything exceptionally professional. For seasoned traders expecting a buffet of indicators, brace yourselves; the pickings here are quite slim. This platform isn’t exactly stealing the limelight among traders. And oh, noteworthy features? Well, no, manage your expectations accordingly.

Tools4Deals — Deposit and Withdrawal of Funds

When it comes to payment methods, Tools4Deals offers several options. You can use credit, debit, or prepaid cards. Additionally, bank transfers are also accepted, but for the specific details regarding this method, it’s advisable to check directly with the managers. As for withdrawing funds, you can use the same methods. However, the company doesn’t provide much insight into the process. The duration of processing withdrawals is undisclosed and may vary between 1 to 5 business days in different cases. Regarding fees, Tools4Deals claims they don’t impose any, but it’s worth noting that the company reserves the right to introduce them if deemed necessary.

Verification

At Tools4Deals, client verification is a crucial step to maintaining a secure trading environment. The process is straightforward.

Upon registration, clients are required to submit certain documents to verify their identity. These typically include a scanned copy of a government-issued ID, such as a passport or driver’s license. Next, traders should provide a recent utility bill or bank statement that confirms their residential address.

Then, the Tools4Deals verification team will review the submitted documents. Once the verification process is complete, clients will receive a notification confirming the successful verification of their account.

Additional Options

Tools4Deals claims to provide a range of additional services that have piqued our interest. However, upon closer examination, some aspects raise questions. The platform offers exclusive trading contracts, but here’s the catch — they need to be pre-ordered. Also, the broker boasts about providing trading signals and access to various events. However, the transparency and reliability of these services remain questionable. Have you ever come across a forecast from their analysts in the public domain? Or heard about the events they organize? We haven’t.

Is Tools4Deals a Scam?

Tools4Deals presents itself as an exceptional broker, but our exploration has unearthed a host of contradictions and raised concerns.

The company asserts its commitment to security, yet crucial details regarding its jurisdiction are conspicuously absent from official documents. Contact information on the website merely lists addresses for offices in Singapore and the Netherlands. However, investigations reveal that Tools4Deals is not registered in either country. Furthermore, the broker claims to be regulated by the Crypto Service Authority, an entity that emerged in 2023 and is not affiliated with any sovereign state. A closer look reveals this authority to be a dubious regulator, featuring numerous scam brokers on its list.

Fake regulator

Tools-4deals.com Domain Info

Another piece of evidence pointing towards the questionable nature of Tools4Deals is its relatively short existence. A straightforward verification involves checking the creation date of the company’s domain. Surprisingly, the domain was registered on November 22, 2023. While it’s acknowledged that the broker had another domain, which is now inactive, created in July 2023, it doesn’t significantly alter the precarious situation.

Domain info

Contacts Review

Tools4Deals seemingly provides comprehensive contact information, including phone numbers and emails. However, an oversight has been exposed regarding the addresses, as the company is not legitimately registered in either Singapore or the Netherlands. Consequently, visiting a potentially fictitious office is unlikely to yield any meaningful results.

Pros and Cons

  • Comprehensive contact information.
  • Lack of authoritative license.
  • Absence of official registration.
  • Questionable office locations.
  • Dubious regulatory claims.
  • Relatively short existence.

 

3.3 TOTAL SCORE

Tools4Deals Summary

Tools4Deals - favi

Tools4Deals attempts to weave an intricate web of deception but fails to substantiate its legitimacy. The absence of a credible license, official registration, and the relatively short existence of the broker cast serious doubts on its operations. It is imperative for potential clients to recognize that the broker, despite its cunning efforts, lacks the legal standing to offer brokerage services and operates unlawfully.


Website information content 4
Client Portal 4
Trading conditions 4
Trading platform 4
Deposit and withdrawal 4
Verification 4
Extra options 4
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Tools4Deals Offer?

Tools4Deals claims to offer a range of trading services, including CFD trading. However, it’s essential to note that the authenticity of these services is questionable, given the broker’s dubious reputation.

How Much Money Should I Invest With Tools4Deals?

According to the trading conditions, Tools4Deals suggests a minimum deposit of $250.

Is Tools4Deals Safe?

No, Tools4Deals is not a safe broker. The company has been identified as fraudulent, and potential investors are strongly advised to avoid engaging with this platform.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Curry

    Unresponsive support

    Tools4Deals proved to be a scam when attempts to withdraw funds were met with silence. The platform’s graph did not align with market reality. Their persistent calls to add more funds were met with refusal. So, my entire balance was drained to zero, and the unresponsive customer support confirmed the fraudulent nature of the broker.

    Reply
  2. Annikiva

    Lost funds

    I experienced losses of $1,300 in Tools4Deals due to constant terminal failures. Despite the minimum deposit being $500, I needed a larger deposit for my strategy with a 1:200 leverage. The broker dissolved into thin air, and the malfunctioning terminal contributed to the depletion of my deposit. Technical support eventually stopped responding. I called them from a different phone number than mine. And what do you think? They pick up the phone from other numbers. In general, everything is clear, it’s a scam.

    Reply
  3. Robert Robertson

    Manipulative practices

    Tools4Deals relentlessly pursued me by phone, claiming to offer superior trading conditions. After convincing me to deposit $500 initially, they provided trading recommendations and persistently pushed for an additional $5,000. Once I funded another $500, they lost interest, provided poor signals, and ceased communication when my account reached zero.

    Reply
  4. Dean Murphy

    Scam alert

    I fell victim to Tools4Deals’ deceitful tactics as they urged me to deposit $5,000, promising lucrative returns on portfolio investments. The money I intended for a car purchase vanished after transferring it to this company. When I checked my account the next day, the funds were gone. Police complaints have yielded no results, as the company’s whereabouts remain unknown.

    Reply
  5. Robert

    Fake company

    Tools4Deals is a fake white label broker scam and also a scam. In recent weeks, fake 5-star reviews have once again been published on Trustpilot to deceive potential victims. Don’t invest your money..they alwais ask more money to you and than missing.

    Reply