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Tosal Markets Limited -

Score

1.37 /10
Danger

Tosal Markets Limited

China

2-5 years

Suspicious Regulatory License

High potential risk

http://tosalglobal.com

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Time Machine
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Score

Regulatory Index0.00

Business Index5.89

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid 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

Tosal Markets Limited · Company summary
basic-info

General Information

Established in 2021, Tosal Markets Limited itself as an online forex and CFD broker offering trading services for both retail and institutional clients in more than 70 countries around the world.

Is Tosal Markets Limited safe to trade with？

Obviously, Tosal Markets Limited has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.05 out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

WikiFX

Market Instruments

Tosal Markets Limited says it provides access to 6 classes of popular and mainstream financial instruments, Foreign Exchange, Metals, Spot Gold, Spot Silver, Index, Crude Oil all available through this brokerage platform.

instruments

Spreads & Commissions

Tosal Markets Limited say it offers competitive spreads, but does not specify spreads on particular instruments.

Leverage

When it comes to leverage, Tosal Markets Limited permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators.

Don't assume that high leverage is always beneficial; it can magnify both your wins and your

losses.

Trading Platform

Tosal Markets Limited fails to offer its clients the industry-leading MT4 or MT5 trading platform.

Customer Support

Worryingly, traders can only reach out to Tosal Markets Limited about any questions or concerns they may have about their accounts or their trading through an email: SUPPORT@TOSALGLOBAL.COM

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

User Reviews

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blacksheep
more than one year
Their customer support is non-existent, and their trading platforms are slow and unreliable. I had trouble withdrawing my funds and it took forever to get any response from their support team. Obviously, there is big room for improvement for this broker.
Their customer support is non-existent, and their trading platforms are slow and unreliable. I had trouble withdrawing my funds and it took forever to get any response from their support team. Obviously, there is big room for improvement for this broker.
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2023-04-04 18:26
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blacksheep
more than one year
My recent trading with Tosal Markets Limited, well, unfortunately, was far from positive. Firstly, the spreads offered by this broker were extremely high, which significantly cut into my potential profits. Additionally, the trading platform seems to have some technical issues and glitches, and I found that the mobile app version of the platform lacks some of the advanced features available on the desktop version.
My recent trading with Tosal Markets Limited, well, unfortunately, was far from positive. Firstly, the spreads offered by this broker were extremely high, which significantly cut into my potential profits. Additionally, the trading platform seems to have some technical issues and glitches, and I found that the mobile app version of the platform lacks some of the advanced features available on the desktop version.
Translate to English
2023-04-04 18:26
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