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Offshore Regulated
Score
4.58 /10
Average
Topltrade
1-2 yearsRegulated in Seychelles
Retail Forex License
Medium potential risk
Offshore Regulated
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Exposure
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Website
Score
Regulatory Index3.92
Business Index4.95
Risk Management Index8.22
Software Index4.00
License Index3.92
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
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WikiFX Risk Alerts
2
Previous Detection :
2024-11-11
- The Seychelles FSA regulation with license number: SD106 is an offshore regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Topltrade Review Summary in 10 Points | |
| Company name | Topltrade |
| Founded | 2021 |
| Registered country/region | United Kingdom |
| Regulation | FSA |
| Trading Platforms | Topltrade |
| Market Instruments | Currency pairs, Commodities, US stocks and indices, Forex, Commodities, Stocks, Indices |
| Minimum Deposit | $2 |
| Maximum Leverage | 500:1 |
| Spread | 0.7% spreads |
| Customer Support | Email: support@viexs.co.uk |
Topltrade Information
Topltrade is a leverage trading platform founded in United Kingdom in 2021. It offers the following instruments: Currency pairs, EUR/USD, USD/JPY, GBP/USD, etc.; Commodities, Gold (XAUUsD), Silver (XAGUsD), us oil, etc.; US stocks and indices, Tesla, Facebook, Apple, NASDAQ index, Forex, Commodities, Stocks, Indices, etc.
Pros and Cons
| Pros | Cons |
| Be regulated by FSA | No demo account |
| Provide customer support |
Is Topltrade Legit?
Topltrade is regulated by The Seychelles Financial Services Authority(FSA).
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | FSA | The Seychelles Financial Services Authority | Retail Forex License | SD106 |
What Can I Trade on Topltrade?
You can trade a various market instruments including Currency pairs, EUR/USD, USD/JPY, GBP/USD, etc.; Commodities, Gold (XAUUsD), Silver (XAGUsD), us oil, etc.; US stocks and indices, Tesla, Facebook, Apple, NASDAQ index, Forex, Commodities, Stocks, Indices, etc.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Commodities | ✔ |
| US stocks and indices | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
Account Type
Since Topltrade does not provide information, we have no way of knowing the information about the account type.
Topltrade Fees
Currency prices typically move in such tiny increments that they are quoted in pips or percentage in point. Topltrade offers the lowest trading costs in the world at 0.9%. Composed of 0.7% spreads and 0.2% commodities.It will receive commissions from each trade. It will charge a 3% fee for withdrawal trading under most circumstances.
Trading Platform
It uses it's own trading platform, Topltrade.
| Trading Platform | Supported | Available Devices | Suitable for |
| Topltrade | ✔ | IOS, Android, Web | Anyone |
Deposit and Withdrawal
They provide a wide range of popular and secure payment channels and support credit cards, e-wallets, net banking, offline pament, etc. The minimum deposit amount is $2, and there is no fee. The minimum withdrawal amount is $5, and a 3% fee will be charged under most circumstances.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit cards | $2 | No fee | No mention |
| E-wallets | $2 | No fee | No mention |
| Net banking | $2 | No fee | No mention |
| Offline pament | $2 | No fee | No mention |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit cards | $5 | A 3% fee will be charged under most circumstances. | Within 30 mins |
| E-wallets | $5 | A 3% fee will be charged under most circumstances. | Within 30 mins |
| Net banking | $5 | A 3% fee will be charged under most circumstances. | Within 30 mins |
| Offline pament | $5 | A 3% fee will be charged under most circumstances. | Within 30 mins |
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