Score

1.54 /10
Danger

TopTrade

Estonia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.21

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

EE FSA
2018-12-10

Broker Information

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Company Name

PayPeq Holdings OÜ

Company Abbreviation

TopTrade

Platform registered country and region

Estonia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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TopTrade · 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.

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Ming Yang
more than one year
I signed up with TopTrade after a horrible experience with my prior broker. The experience has been day and night. As a Forex broker, TopTrade gives great accessibility to FX markets, even for smaller traders like me, all of which just make the trading experience so much more accessible for those who aren't rich.
I signed up with TopTrade after a horrible experience with my prior broker. The experience has been day and night. As a Forex broker, TopTrade gives great accessibility to FX markets, even for smaller traders like me, all of which just make the trading experience so much more accessible for those who aren't rich.
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2023-03-16 13:42
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