TopTradeGroup Review : Fees, Pros and Cons, Reviews by Real Traders

TopTradeGroup

Operating status: SCAM

Website: http://toptrade.group/

Broker violations and abnormal records

Jan 27, 2022 The UK FCA Added TopTradeGroup into Its Warnings
On 28 Jan 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TopTradeGroup is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/top-trade-group

On 28 Jan 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TopTradeGroup is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/top-trade-group
Jan 27, 2022 BrokersView has Found that TopTradeGroup is Using a New Domain
BrokersView has found that TopTradeGroup is using a new domain, https://toptrade.cc/, to scam.

BrokersView has found that TopTradeGroup is using a new domain, https://toptrade.cc/, to scam.
Mar 09, 2022 The Austria FMA Added TopTradeGroup into Its Warnings
On 10 March 2022, the Austrian Financial Market Authority (FMA) issued a warning that TopTradeGroup is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/toptrade-group-or-widdershins-group-ltd/

On 10 March 2022, the Austrian Financial Market Authority (FMA) issued a warning that TopTradeGroup is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/toptrade-group-or-widdershins-group-ltd/
Jul 24, 2022 BrokersView has Reviewed that TopTradeGroup is an Unregulated Forex Broker
TopTradeGroup claims to be owned and operated by Widdershins Group LTD, a company that owns registration number: 2020/IBC00080. However, it does not mention the specific name of the registrar. And that makes it hard to verify its registration. Besides, TopTradeGroup mentions nothing about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position.
TopTradeGroup also claims to be a Dominica-based firm. As per the information we have, no authority regulates forex activity or issues forex licenses in Dominica. It is impossible that TopTradeGroup is regulated in Dominica.
Moreover, the Austrian Financial Market Authority (FMA) issued a warning that TopTradeGroup is not authorized to carry out banking transactions in Austria that require a license. And the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TopTradeGroup is providing financial services or products in the UK without authorisation. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.
The truth is that TopTradeGroup is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

TopTradeGroup claims to be owned and operated by Widdershins Group LTD, a company that owns registration number: 2020/IBC00080. However, it does not mention the specific name of the registrar. And that makes it hard to verify its registration. Besides, TopTradeGroup mentions nothing about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position.TopTradeGroup also claims to be a Dominica-based firm. As per the information we have, no authority regulates forex activity or issues forex licenses in Dominica. It is impossible that TopTradeGroup is regulated in Dominica.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that TopTradeGroup is not authorized to carry out banking transactions in Austria that require a license. And the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that TopTradeGroup is providing financial services or products in the UK without authorisation. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.The truth is that TopTradeGroup is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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