Toptrade review from real customers. Is TopTrade a Scam or an honest broker?
Toptrade review from real customers. Is TopTrade a Scam or an honest broker? These are the questions that are asked before investing with a broker because there is a lot of deception around. Traders began to trust brokers less and less. Now everyone and everything is being rechecked twice.
Especially if you are looking for a broker that you want to trade with huge capital.
Toptrade review – our review
In the Toptrade review, we will reveal all the crucial information. Everything that you need to know. We will analyze
- Legal issues
- Withdrawal of funds,
- Quotes, platform,
- Reviews from real traders.
We hope our review will help you decide with whom you want to start trading.
Toptrade – Registration, Licenses and Regulation
On the Toptrade website, we see 1 contact phone number. If we are on the English version of the site, we will see the UK phone number.
If we are on the Polish version of the site, we will see a Polish phone number. Likewise for the Spanish and Russian versions of the site.
The company has several offices: Luxembourg, Russia, Germany, Italy, Britain, Spain, Dominican Republic.
On TopTrade.group site, we see that the broker is part of the group of giants – Widdershins Group LTD, which conquer the financial market since 2005 Widdershins Group LTD.
Has regulatory data: Britain and Cyprus Company registration number: 2020 / IBC00080 The company is also registered at 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.
Widdershins Group LTD is registered in the zero tax zone, for you as a trader that means that your commission will be much lower than that of a broker who is registered in Europe, the USA, or Canada. Since the lower, the costs of the broker, the lower the commission for the client will be. Does it make sense?
Trading accounts – Toptrade review
Top Trade has 5 different trading accounts that you can choose from, depending on your deposit.
Bronze – Deposit from $ 250 to $ 2,000
The account includes: standard spreads (FX) 1.8 pips, daily market overview, minimum order: 0.01 lots, maximum order: 5 lots, 1 basic lesson with a broker, and full access to video tutorials and support.
Silver – Deposit from $ 2,000 to $ 10,000
The account includes: standard spreads (FX) 1.8 pips, daily market overview, minimum order: 0.01 lots, maximum order: 10 lots, 10% welcome deposit bonus, basic course with a broker and full access to video tutorials, support. Personal junior broker and daily market overview from the broker and 5% bonus bonus.
Gold – Deposit from 10,000 to 50,000 dollars
Standard spreads (FX) 1.8 pips, daily market overview, minimum order: 0.01 lots, maximum order: 15 lots, 10% welcome deposit bonus, basic rate with a broker, trading signals and full access to video tutorials and support … Personal junior broker, daily market overview from the broker and 10% bonus bonus.
Platinum – Deposit from $ 50,000 to $ 200,000
Standard spreads (FX) 0.7 pips, daily market overview, minimum order: 0.1 lots, maximum order: 20 lots, 20% welcome bonus on the deposit, long-term financial plan, basic + advanced, and full access to video tutorials and support. Personal manager, daily market overview from the broker and 15% bonus bonus.
Diamond – Deposit from $ 200,000
standard spreads (FX) 0.4 pips, daily market overview, minimum order: 0.1 lots, maximum order: 25 lots, 25% welcome bonus on the deposit, direct line to our trading floor team no commission, long-term financial plan, basic course + advanced, and full access to video tutorials and support. Personal manager, daily market overview from the broker and 20% bonus bonus.
Toptrade Review – financial structures about the broker
We looked at the entire website of the financial regulator CYSEC (Cyprus) and did not find any complaints from clients or any fines.
We also looked at the website of the financial commission, and there is nothing there either.
The same situation is with the British regulator FCA.
This is a huge advantage not only for the broker. But also for the Widdershins Group LTD.
Toptrade review: Brokers Support
If you want to ask a question or ask for help with anything regarding the broker. You can go to the website at any time and write to the support. Toptrade’s support has been recognized as one of the most efficient at the FXEurope trade exhibition. You can also contact them by phone, witch is listed in the upper right corner of the website.
You can ask the broker to call you back (if you call an overseas phone number) as not to waste money on phone calls. If it is convenient for you, you can always write to the broker in the e-mail format: [email protected]
Verification and documentation (KYC) – Toptrade broker
KYC verification is carried out as follows.
- You will need a photocopy of an official document confirming your identity – a passport, driver’s license, or any other ID.
- Utilities bill.
- If you made a deposit using a bank card (VISA or MASTERCARD). You will need to provide a scan of the card, on which you can cross out all the digits of the card, except for the last 6.
Brokerage company Toptrade – review of their unique tools for traders
We want to add a small review of the unique tools that TopTrade provides. MetaTrader is one of the most prestigious trading platforms in the financial market.
Why is Meta Terider considered the golden standard for a trader?
The MetaTrader platform is not just a trading platform where you can open and close trades.
It is an Open Source platform. What does it mean? Traders and programmers can invent their functionality, write their trading robots, signals, and much more.
Metatrader – TopTrade Review
There are hundreds of thousands of indicators in the open that TopTrader traders can get access to.
Hundreds of custom bots that trade for you. Signals for currency pairs, signals for stocks and commodities.
MetaTrader is a collection of unique technologies for traders, there are advanced trading analytical products, as well as additional services.
Meta Trader is one of the main platforms for Forex. You can use it on TopTrade web terminal or download and use it on a PC or your mobile phone. If you want to download it when you enter your personal account.
The platform is used to trade the financial market. Usually it is downloaded to your computer.
But Toptrade broker is one of those brokers who managed to implement it. He did it by accessing trading with Meta Trader on the site itself. It’s called the Web Terminal.
The Web Terminal will not differ much from the PC Meta Trader.
Now let’s move on to the analytical side of this platform. This is one of the strongest sides of MT4. You will have the following at your disposal:
- Hundreds of indicators to help you trade
- Financial news and insights
- Trading signals and copy trading
- Automatic trading robots
- Lots of trading apps for MT4 you can buy
You have all the tools available. So you can predict the market situation and make money on it. Or in the worst case scenario, exit the trade with minimal or no losses.
Toptrade broker reviews
TopTrade customer reviews. Most of them are positive. Traders mention their managers. Talk about their success stories. Many say that TopTrade broker is one of the best in the finance industry.
Toptrade review – Conclusion: Decent and proven broker who is trusted by thousands.
TOP 5 reasons why TopTrade is one of the best choices. (In the world of finance):
- TopTrades is a world-class broker with over 10 years of experience in Europe. TopTrade also entered the Russian-speaking market in the last year.
- The best trading platform – MT4
- No violations regarding any financial commission on regulation.
- World-class support.
- Customer reviews make it clear that this is the number 1 broker.