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toptrade

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ANSWER We advise not to trade with Toptrade, an unlicensed, offshore entity registered in Dominica with its domain is sale now.As per information we have about this broker, it claimed to be registered in Dominica, an offshore center which does not require minimum capital requirements that shows company sustainability, as well as does not regulate Forex services and activities. Therefore, Toptrade is not subject to strict laws and rules. Moreover, as we tried to access its website through the link you provided, we found this broker's domain is for sale now, which is a negative indication for a broker as a website is necessary for displaying regulatory status and facilitating trading.Regarding your question, we strongly suggest you avoid Toptrade since entrusting this broker to hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Investors should stay away unlicensed brokers like Toptrade and opt for fully regulated ones instead.

Can I deal with Toptrade? Please confirm it for me.

Barbara OSullivan

Denmark

Oct 19, 2021

ANSWER Toptrade is an UNREGULATED offshore broker. This broker claims to be owned and operated by Widdershins Group LTD, a company registered in Dominica. As an offshore zone, Dominica does not require minimum capital requirements that shows company sustainability, nor does it regulate forex services and activities. Therefore, the Dominica-based brokers don't adhere to strict laws and principles of operation, resulting in a certain risk to deal with them as the traders investing in offshore brokers will not be protected by law and not be compensated in case of insolvency. We would recommend you to avoid unregulated brokers like Toptrade and choose properly regulated brokers.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.