Tools4Deals Review 2025

I encountered difficulties registering on the Tools4Deals website, as it continuously produced errors. Following the chat operator's advice, I provided my phone number for an account manager to contact me. A call was received almost immediately. The manager assisted in account creation and recommended an initial deposit of at least $3,500 to qualify for a Bronze account with tighter spreads. Due to the significant risk, I opted for a smaller $300 deposit. As trading yielded no profit, I decided to discontinue. Subsequent calls from the manager aggressively promoting additional deposits confirmed my suspicion that Tools4Deals is primarily a scheme to attract funds rather than a legitimate trading platform.

The Tools4Deals website was short-lived, closing after only a few months. This is fortunate, as I nearly fell victim to its deceptive promises of safe trading and easy profit withdrawal. The Tools4Deals “broker” seemed suspicious to me from the very beginning, but my brother transferred about a thousand dollars to it. He doesn't know how to trade but decided to invest in one of the investment plans and ended up losing money. I found out about this not immediately but after a couple of months. My brother doesn't know how to check brokers for honesty and reliability. Tools4Deals and similar companies are targeting exactly people like him.

The Tools4Deals website was made with quality and thoughtfulness. It's not a single-page site with a few blocks but a full-fledged website that resembles a Forex broker's site. I opened a Standard account to see what's what because the demo account on the Tools4Deals platform was unavailable. I deposited $250, but I wasn't lucky in trades, so I had to deposit another $500. After trading for some time, I noticed that Tools4Deals' quotes have nothing to do with real prices from other brokers. For this reason, even on profitable trades, I earned pennies because the spread ate up almost all the profit. But there were many more losing trades, so in the end, I lost all my deposit.

After a week of trading on the Tools4Deals platform, I decided to change brokers and applied for a withdrawal of my deposit. They canceled it and requested document copies. I didn't understand why I had to go through verification again but still complied with the company's requirement. I didn't receive any confirmation that my documents were in order. After a week, I decided to submit a withdrawal request again. This time it wasn't canceled, but there was still no confirmation. I waited for the money hoping I did everything right. However, three months have passed, and the money has not been transferred to my card. Despite numerous attempts to contact support, I have received no response. Regrettably, I have come to accept that I am unlikely to recover my funds.

There's little information on trading conditions on the Tools4Deals website, so I decided to open an account to find out the details. To access the platform, I had to go through verification. But when I finally entered the platform, the spreads horrified me because they were 3 pips or higher on major currency pairs. I didn't deposit any money, but my phone number remained in the Tools4Deals database. The managers of this pseudo-company started calling me persistently. They urged me to invest funds in a ready-made plan because, according to them, "that’s a 100% income guarantee." These statements finally convinced me that Tools4Deals is a fraudulent organization. I deeply regret sending them scans of my documents.

The trading platform Tools4Deals constantly froze. At first, I didn't understand why they would create their poor platform when there are already excellent platforms used by hundreds of thousands of traders. However, I quickly realized what was going on. Simply put, in their platform, the broker could do whatever they wanted: set nonexistent quotes, manipulate charts, cancel trades. Or the program would just freeze for an indefinite period, and I couldn't close a position when needed, losing money as a result. Dealing with the broker Tools4Deals became my biggest trading mistake because I lost not only over $700 but also wasted a lot of precious time.

I believed the Tools4Deals employee who promised the best trading conditions, so I immediately deposited $800 into the account. However, I didn't like the trading platform, spreads, or execution speed. After losing $300, I decided to withdraw the remaining funds. My request was rejected, and they asked for a scanned document with proof of address. Even though I had provided it before, I uploaded it again. A week later, there was still no sign of the funds. Repeated attempts to contact technical support were met with indifference as they consistently closed the chat. The previously assigned account manager also became unreachable. The withdrawal request remains pending in my account with no progress. Now, the entire website is inaccessible.