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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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.
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