Toptrade scam? Or is Toptrade an honest broker? Full review
In this article, we will talk about the already well-known Top trade. Consider their trading conditions and study their reviews. And in the end, we will answer the question: does Toptrade scam their traders, or is it a legit and trusted broker?
Is TopTrade a scam or is it a trusted broker? These questions are often asked by those who are going to invest with them. It’s important to do a checkup before you invest. This is the main reason why our portal exists, we speak facts. Likewise, after reading you will have all the answers to your questions.
Reading and watching reviews on the broker is very important. So you can decide whether to trust him or not. Our review will answer your question; whether to trade with TopTrade or not.
Review: Toptrade is a scam or not.
Toptrade scam or a great broker? We will focus on trading terms, account types, customer reviews, broker’s website, support, contact methods, platforms, and most importantly, withdrawals.
Account types by Toptrade.
First of all, we want to introduce you to the types of accounts that the broker offers to their clients.
1. “BRONZE” (from $ 250 to $ 2,000)
- Standard Spreads (FX) 1.8 pips
- Daily Market Review
- Access to e-books
- Basic courses
- Access to training videos
- Position size commission
- Minimum order: 0.01 lot
- Maximum order: 5 lots
2. “SILVER” (from $ 2,000 to $ 10,000)
- Standard Spreads (FX) 1.8 pips
- Daily Market Review
- Access to e-books
- Basic courses
- Access to training videos
- Position size commission
- Personal manager
- 10% welcome bonus
- 5% bonus bonus
- Minimum order: 0.01 lot
- Maximum order: 10 lots
3. “GOLD” (from $ 10,000 to $ 50,000)
- Standard Spreads (FX) 1.8 pips
- Daily Market Review
- Access to e-books
- Basic courses
- Access to training videos
- Position size commission
- Personal manager
- 10% welcome bonus
- 10% bonus bonus
- Trading signals
- Minimum order: 0.01 lot
- Maximum order: 15 lots
4. “PLATINUM” (from $ 50,000 to $ 200,000)
- Standard Spreads (FX) 0.7 pips
- Daily Market Review
- Access to e-books
- Basic + advanced courses
- Access to training videos
- Position size commission
- Personal manager
- 20% welcome bonus
- 15% bonus bonus
- Trading signals
- Long-term financial plan
- Direct line to our salesroom team
- No commission
- Minimum order: 0.1 lot
- Maximum order: 20 lots
6. “DIAMOND” (from $ 200,000 +)
- Standard Spreads (FX) 0.4 pips
- Daily Market Review
- Access to e-books
- Basic + advanced courses
- Access to training videos
- Position size commission
- Personal manager
- 25% welcome bonus
- 20% bonus bonus
- Trading signals
- Long-term financial plan
- Direct line to our salesroom team
- No commission
- Minimum order: 0.1 lot
- Maximum order: 25 lots
Toptrade Platform Review – Toptrade Scam and Fake? Or the best trading solution of the 21st century?
The most important thing that will influence your day trading life is – the trading platforms provided by Toptrade.
- Web platform. It can be used directly on the broker’s website. In this case, you do not need to download anything else additionally. The main thing you should have is a stable internet connection.
- App for iOS and Android. It is not necessary to have a platform on iOS, it is a privilege. This shows us that Toptrade is a serious broker. Since, to get into the App Store, you need to go through many checks. Many companies with their applications, cannot appear on the iOS platform. Because the developers classify them as scammers (even if they are not scammers). iOS requires maximum transparency and is very difficult to achieve.
- Metatrader – PC Platform. You can download the broker platform to your computer. And start trading from your PC. It is worth noting that the PC platform is suitable for all types of operating systems (Windows: Macintosh and Linux). Metatrader is the best world-class trading platform that costs tens of thousands of dollars.
- Web – MetaTrader. The same functionality of MetaTrader for PC only in a stripped-down version. The advantage is that you don’t have to download anything. You can trade from any device anywhere.
Once again, we want to note that you have free access to any of the platforms if you become a Toptrade client.
You can start trading online using the meta trader right on the Toptrade website.
Almost all the indicators that you can use in a PC meta trader, you can also use them on the web page of the Toptrade.
How to open an account with Toptrade?
The process is simple. On TopTrades website, there is a button in the upper right corner – START TRADING, enter your details, and don’t forget to tick the boxes below that you have read and agreed to the terms and conditions. You can read the policies separately in the “conditions” section. It’s located in the site control panel at the top.
Here you go, you are registered and ready to start earning.
The table of advantages and disadvantages of interacting with Toptrade
Pros | Cons |
Possibility of insured trades | Small accounts have restrictions on access to analytical information |
Personal support and highly qualified experts | No instant withdrawal for clients without a VIP status |
Weekly news | Doesn’t work with the USA |
Free educational content | No Chinese language support |
Author’s strategies | There is a limit of 100 trading accounts per 1 trader |
Signals, robot, trainings | Rarely organizes international conferences |
Cooperate with clients from many countries with different time zones | Entered the Russian market only in 2020 |
Minimum deposit – 250 $ | |
Various gifts in the form of bonuses and prize drawings for their customers (Business class cars, smartphones, tablets, PCs, tickets for 5 star hotels for two) | |
Open for communication with clients – 24/7 | |
You can use any broker platform for trading | |
24 hour withdrawal of funds | |
More than 180 financial instruments |
Deposit and withdrawal of funds with Toptrade
There are several options for depositing and withdrawing from an account with Toptrade. However, you should remember that the broker accepts all transfers in the currency you have chosen.
Option number 1
- Visa or Mastercard. You can top up your account for $ 1 to $ 1000.
You can also use a bank transfer. To do this, you will need to take bank details from your manager or on the website. You can also fund your account using Western Union and MoneyGram.
Option number 2
- You can replenish or withdraw money from your account using cryptocurrency. However, there are some peculiarities. You will need to take a screenshot of your screen during the transfer, or send the transfer receipt to the broker so that they can identify your transfer.
It is also worth mentioning that the broker provides transfers between your accounts.
What does it mean?
A trader can open more than a single trading account. If he does not have enough funds to trade on one of these accounts, he will be able to replenish simply by transferring money from one account to another. It is convenient and fast.
Plus, you can trade in different ways on different trading accounts. One account on which you trade together with your manager, and the second account is the one you trade by yourself.
TopTrade broker reviews from real clients
The broker has tried to do everything for the convenience of its traders. It’s reflected in many reviews. Most of which very positive on the Internet.
Here are a couple of customer reviews about TopTrade broker;
Conclusion: Toptrade scam or an honest broker?
Summarizing our review, we can say that Toptrade is not a scam. Top trade is an excellent broker who works as transparently as possible.
It provides favorable conditions for its traders and a variety of convenient trading platforms.
As well as a competent team that is ready to help every client. In particular, clients note Vladislav Medvedev, Eva Mill, and Isak Clark – the broker’s leading financial analysts.
In conclusion, I would also like to add some statistics that the Toptrade brokerage company has existed for more than 5 years. And no legal sanctions were ever brought against the company.
What characterizes Toptrade even more on the positive side. Therefore, you can safely start trading with this broker. Best of luck!
I start with small amount to give a try after that I increase my balance , I am really happy with my results , my account manager is very helpful and professional , is recommended