TopTrade -Overview of Minimum Deposit, Leverage, Spreads

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.