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
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

A Visit to Toptrader in Cyprus - No Office Found

Danger Cyprus

Spyrou Kyprianou Avenue, Agios Athanasios, Limassol District, Cyprus

A Visit to Toptrader in Cyprus - No Office Found
Danger Cyprus

Reason for this visit

Cyprus imprudently purchased Greek government bonds in 2012. When the Greek government bond management defaulted, the Cyprus banking system suffered heavy losses exceeding 30% of the annual GDP of Cyprus, and the country's domestic debt crisis occurred. In response to the crisis, the Cyprus government introduced a terrible solution that was opposed by all the people, which aggravated the crisis. At the same time, some people in Cyprus discovered that having an upward trend in price, various foreign currencies that were independent of the sovereign currency might be able to cope with this crisis. As a result, people poured funds into the small foreign exchange market in an attempt to hedge and protect themselves. For various reasons, Cyprus has gradually become a country with active foreign exchange transactions. In order to help investors better understand the current situation of foreign exchange brokers in Cyprus, WikiFX survey team is going to the country for on-site visits to the local companies.

On-site visit

In this issue, the survey team went to Limassol, the second largest city of Cyprus, to visit forex broker Toptrader (licensee: Goldenburg Group Ltd) as planned according to its regulatory address that 46 Ayiou Athanasiou Avenue, Interlink Hermes Plaza, Office 101, Ayios Athanasios, 4102 Limassol, Cyprus.

On July 27, 2023, the investigators came to Interlink Hermes Plaza at 46 Ayiou Athanasiou Avenue. Thanks to a fabulous location, just around 2 km away from the renowned costal avenue and adjacent to an expressway across the city, the building enjoys convenient transportation.

1.png

The building is situated at a flourishing business and shopping district, with several underground floors occupied by department stores and other shops. On the other side is the entrance of the commercial building. However, according to the security guard, people werent allowed to visit the working area without a staff card.

2.png

The survey personnel didnt find any information of broker Toptrader from the company directory at the entrance of the building.

Through an on-site investigation, it is confirmed that the broker doesnt have a physical presence at the location.

3.png

4.png

Conclusion

The investigators went to Limassol in Cyprus to visit forex broker Toptrader as scheduled, and didn‘t spot the company at its regulatory address. It indicates that the broker doesn’t have a physical business office at the place. Hence, investors are advised to make a good decision following a comprehensive consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.

Broker Information

Suspicious Clone
Toptrader

Website:https://toptrader.eu/

2-5 years |Suspicious Regulatory License |High potential risk |
  • Company Name:
    TOPTRADER TRADING
  • Country/ Region of Registry:
    Cyprus
  • Abbreviation:
    Toptrader
  • Official Email:
    info@toptrader.eu
  • Twitter:
    --
  • Facebook:
    --
  • Customer Service Number:
    0035725030576
Toptrader
Suspicious Clone

Website:https://toptrader.eu/

2-5 years | Suspicious Regulatory License | High potential risk |
  • Company Name: TOPTRADER TRADING
  • Abbreviation: Toptrader
  • Country/ Region of Registry: Cyprus
  • Official Email: info@toptrader.eu
  • Twitter:--
  • Facebook: --
  • Customer Service Number:0035725030576

Check whenever you want

Download App for complete information

Easy to check supervision

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