Score
TopTrade
Estonia|5-10 years| https://www.toptrade.fm/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Estonia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
Users who viewed TopTrade also viewed..
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
CPT Markets
- 10-15 years |
- Regulated in United Kingdom |
- Market Making(MM) |
- MT4 Full License
Exness
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
Website
toptrade.fm
Server Location
Germany
Website Domain Name
toptrade.fm
Server IP
35.157.73.208
Company Summary
General Information
TopTrade is allegedly an Estonian forex and CFD broker that provides its clients with the Web MetaTrader5 trading platform, leverage up to 1:500, floating spreads, as well as a choice of four different account types.
Market Instruments
TopTrade advertises that it mainly offers two different classes of trading instruments in financial markets, including 23 currency pairs as well as CFDs on silver and gold.
Account Types
There are four live trading accounts offered by TopTrade, namely Silver, Gold, Platinum and VIP. Opening an account requires the minimum initial deposit amount of $250.
Leverage
The maximum leverage ratio provided by TopTrade is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
Through the demo web MetaTrader5 platform provided by TopTrade, we found that the spread for EUR/USD pair was floating around 2.0 pips.
Trading Platform Available
When it comes to trading platforms available,TopTrade gives traders the web MetaTrader5 platform. MT5 is known as one of the most successful, efficient, and competent forex trading software, offering automated trading via Expert Advisors, great charting and more.
Deposit & Withdrawal
TopTrade accepts deposits via credit/debit cards (VISA, MasterCard) and bank wires.
Customer Support
TopTrade‘s customer support can be reached by telephone: +441134013543, email: support@toptrade.email. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Content you want to comment
Please enter...
Review 1
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now