Score
Topwellcg
United Kingdom|5-10 years| http://www.topwellcg.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：YCM-Invest Ltd
License No.：470392
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
United Kingdom
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Website
topwellcg.com
Server Location
United States
Website Domain Name
topwellcg.com
Website
WHOIS.GANDI.NET
Company
GANDI SAS
Domain Effective Date
0001-01-01
Server IP
52.38.62.219
Company Summary
TopWellCG is a brand of Finotec Trading UK Limited. It provides the most popular trading platform MT4. Besides, the maximum leverage is up to 1:1000, which is attractive. However, its regulation is suspicious and the account types are limited.
Pros and Cons
| Pros | Cons |
| High leverage up to 1:1000 | Suspicious clone license |
| Popular trading platform MT4 provided | Limited account types |
| Lack of transparency | |
| Limited contact channels |
Is Topwellcg Legit?
| Regulatory Authority | Financial Conduct Authority (FCA) |
| Current Status | Suspicious clone |
| Regulated by | United Kingdom |
| Licensed Institution | YCM-Invest Ltd |
| Licensed Type | Institution Forex License (STP) |
| Licensed No. | 470392 |
The entity of licensed institution is YCM-Invest Ltd, but the Topwellcg is a brand of Finotec Trading UK Limited. Besides, email, website and address are also different from the Topwellcg provided. Obviously, Topwellcg's regulation is a suspicious clone. So traders should be careful when trading.
What Can I Trade on Topwellcg?
TopWellCG offers trading in 40 FX pairs and CFDs on indices and commodities, including precious metals and oils.
| Tradable Instruments | Supported |
| Indices | ✔ |
| Commodities | ✔ |
| Energies | ❌ |
| Options | ❌ |
| Cryptocurrencies | ❌ |
Account Type
Topwellcg provides a single account type: Classic account. In addition, it also offers managed accounts and demo accounts. And the minimum deposit is $100.
Leverage
Topwellcg claims its leverage is up to 1:100. However, the maximum leverage of Topwellcg is 1:1000 when using demo accounts. High leverage levels are generally beneficial, but can also cause heavy losses.
Spreads & Commissions
Topwellcg's spread is competitive, average 0.4 pips on EUR/USD, and a commission of $2.47 also applies. So the average trading cost comes to around 0.7 pips per lot, which is really attractive.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile, Desktop | Beginners |
Customer Service
| Contact Options | Details |
| Phone | 4000708182 |
| ❌ | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | ❌ |
| Website Language | ❌ |
| Physical Address | Finotec Trading UK Limited Mappin House, Oxford Circus London W1W 8HF, United Kingdom |
The Bottom Line
TopWellCG is not recommended for trading. Suspicious regulation means high potential risks traders may face, like funds risks or legal risks. Besides, its trading assets and account type are limited. So traders should be cautious when trading.
FAQs
Is TopWellCG safe?
No, the regulation of TopWellCG is a suspicious clone.
What kind of trading platform does TopWellCG offer?
TopWellCG claims to offer MT4.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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