WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Toptrader

Cyprus|2-5 years| Benchmark A|
Suspicious Scope of Business|High potential risk|

https://toptrader.eu/

Website

Rating Index

Benchmark

Speed:AAA

Slippage:C

Cost:AAA

Disconnected:D

Rollover:A

Contact

+357 25 030576
info@toptrader.eu
https://toptrader.eu/
46 Ayiou Athanasiou Avenue, 4102 Limassol, Cyprus

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+357 25 030576

Other ways of contact

Broker Information

More

Company Name

TOPTRADER TRADING

Abbreviation

Toptrader

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The CyprusCYSEC regulation (license number: 242/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Toptrader · WikiFX Survey
Danger A Visit to Toptrader in Cyprus - No Office Found
Cyprus
Toptrader · Benchmark
Average transaction speed(ms)
190.1 Perfect
The highest transaction speed(ms)
109 Good
The highest speed of opening positions(ms)
140 Good
The highest speed of closing position(ms)
109 Great
The lowest speed of opening positions(ms)
406 Perfect
The lowest speed of closing position(ms)
297 Perfect
7.4USD/Lot Perfect
0USD/Lot
Long: -8.32USD/Lot    Short: 3.18USD/Lot
Long: -26.45USD/Lot    Short: 12.58USD/Lot
Average slippage
2.2 Poor
Maximum transaction slippage
17
Maximum positive slippage
6 Poor
Maximum negative slippage
17 Good
Average disconnection frequency (times/day)
1.8
Average reconnection time (millisecond/per request)
85.1
Ranking: 53 / 128
Test user 233
Orders 2,557
Ocuppied margin $1,866,629 USD
Data Source WikiFX Data provide
Updated: 2024-11-22 01:00:00

Users who viewed Toptrader also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.95
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Exness

8.30
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

Toptrader · Company Summary

Toptrader Information

TopTrade's appeal to traders may lie in the low spreads. However, as an unregulated broker, its credibility is very limited.

Pros and Cons

Pros Cons
Low spreadUnavailable website
Easy to use trading platformLack of transparency
5 types of deposit and withdrawal methodsRegulatory concerns
Less trading instruments

Is Toptrader Legit?

Toptrader currently has no effective regulation and its claim to Cyprus CYSEC(Regulation No. 242/14) is suspected of being a clone.

We can clearly see that the regulated entity on the regulatory licence provided by Toptrader is Goldenburg Group Ltd, but the entity name of Toptrader is TOPTRADE TRADING, which is clearly inconsistent. It offered fake license plates to deceive traders. Please choose carefully and pay attention to safety.

Current StatusSuspicious Clone
Regulated by Cyprus
License TypeStraight Through Processing (STP)
License No.242/14
Licensed InstitutionGoldenburg Group Ltd
Is Toptrader Legit?

What Can I Trade on Toptrader

Toptrader said it offers trading of forex currency pairs, as well as CFD trading on commodities, precious metals and indices.

Tradable Instruments Supported
Forex Currency Pairs
CFDs
Stock
Product
Bond
Cryptocurrency
Option
Futures
ETFs

Toptrader Fees

Toptrader Spreads

Toptrader advertises that it can offer ultra-low spreads starting at 0.0 points. However, the broker did not specify its detailed spreads on specific instruments.

Non-Trading Fees

Inquiries show that the minimum deposit required to open an account with the broker is $250, which is not much, but many Cypriot companies require even less.

Trading Platform

Toptrader offers its customers the industry-standard metatrader 4 (mt4), available as downloadable desktop, web and mobile versions, mt4 is the first choice of most traders, equipped with professional trading tools.

Trading PlatformSupported Available Devices Suitable for
MT5desktop, web and mobile versionsNovice trader

Deposit and Withdrawal

Toptrader offers its investors bank wire transfers, credit/debit cards and popular e-wallets such as skrill, neteller and dotpay as payment methods.

Customer Service

The broker provided traders with a telephone number +357 25 030576 and email address info@toptrader.eu, registration@toptrader.eu.

Contact Options Details
Phone+357 25 030576
Emailinfo@toptrader.euregistration@toptrader.eu

The Bottom Line

Although the low price differential is the broker's strength, it looks very attractive. But the biggest problem exposed by Toptrade is a lack of regulation, which makes it unsafe for investors to trade.

FAQs

Is Toptrade safe?

It's not safe. Unregulated is its biggest problem, and its credibility and safety are very limited.

Is Toptrade good for beginners?

It's not suitable. For beginners, the trader is very risky and may affect the safety of personal property.

Is Toptrade good for day trading?

The information currently provided by the trader does not conclude that it is suitable for day trading, which requires fast trade execution, low latency quotes, and low transaction costs. Please choose another suitable broker.

Review 1

1 Comments
Write a comment
All(1) Latest Neutral(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com