The Official Website Of TopTradeGroup Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-03-10 The Austrian FMA Added TopTradeGroup To The Warning List
On March 10, 2022, The Austrian Financial Marekt Authority (FMA) Issued A Warning That TopTradeGroup Is Not Authorized To Carry Out Bank Transactions In Austria That Require A Business License. Therefore, The Dealer Is Not Allowed To Conduct Commercial Transactions With His Own Account Or On Behalf Of Others. You Can Visit The Following Website For Details: Https://www.fma.gv.at/en/toptrade-group-or-widdershins-group-ltd/
2022-07-25 We Have Confirmed After Review That TopTradeGroup Is An Unregulated Forex Dealer
TopTradeGroup Claims To Belong To And Be Operated By Widdershins Group LTD, Company Registration Number: 2020/IBC00080. However, It Does Not State Which Country Or Institution The Company Is Registered With. This Makes It Very Difficult To Verify Its Registration. Also, TopTradeGroup Does Not Mention Any Regulatory Information. The Lack Of Such Important Information Can Be A Clear Signal For Unlicensed Traders, As Regulated Traders Always Display Their Certifications And Operating Licenses In A Prominent Position.
TopTradeGroup Claims To Be Its Company Headquarters In Dominica. According To The Information We Have, There Is Currently No Agency In Dominica That Regulates Forex Activities Or Issues A License To Operate Forex. It Is Impossible For TopTradeGroup To Be Subject To Effective Forex Regulation In Dominica.
Furthermore, The Austrian Financial Marekt Authority (FMA) Has Issued A Warning That TopTradeGroup Is Not Authorized To Carry Out Banking Transactions In Austria That Require A License To Operate. Therefore, The Broker Is Not Allowed To Conduct Commercial Transactions With His Own Account Or On Behalf Of Others.
Since The Broker's Website Cannot Be Accessed At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That TopTradeGroup Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: TopTradeGroup As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
