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.
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.
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.
