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United Kingdom|1-2 years|
Retail Forex License|Suspicious Scope of Business|Medium potential risk|Offshore Regulated|


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Corporation Street Manchester, MAN M4 4AH


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WikiFX Risk Alerts 2
Previous Detection : 2024-06-17
  • The Seychelles FSA regulation with license number: SD106 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Topltrade · WikiFX Survey

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Topltrade · Company Summary

Aspect Information
Company Name Topltrade
Registered Country/Area United Kingdom
Founded Year 2022
Regulation FSA
Products & Services Forex,Commodities,Stocks,Indices
leverage Up to 1:500
Commissions & Spreads 0.7% spreads and 0.2% commissions
Trading Platform The Topltrade Trading Platform(for mobile and desktop)
Customer Support No offered

Overview of Topltrade

Topltrade, a United Kingdom-based company founded in 2022 and regulated by the FSA, offers a range of financial products and services including Forex, Commodities, Stocks, and Indices with leverage of up to 1:500.

Their fee structure entails 0.7% spreads and 0.2% commissions. Operating through “The Topltrade Trading Platform” available for both mobile and desktop, Topltrade aims to provide convenient and efficient trading experiences for its users.

However, further details regarding their customer support are not provided, indicating a potential area for improvement or clarification.

Overview of Topltrade

Regulation Status

The Seychelles Financial Services Authority(FSA) regulates Topltrade under a Retail Forex License (License No.: SD106), operating within offshore regulatory frameworks.

This license authorizes Topltrade to offer financial services in the Seychelles jurisdiction, ensuring compliance with relevant regulations and standards set forth by the Seychelles regulatory authorities.

Regulation Status

Pros and Cons

Pros Cons
Various Trading Options Inaccessible Educational Resources
New Trading Platform No Customer Support
Low Spreads Short History


Topltrade offers various trading options, including Forex, Commodities, Stocks, and Indices, providing traders with opportunities to diversify portfolios. Their new trading platform, The Ultimate Trading Platform, available on mobile and desktop, presents a modern interface potentially enhancing user experience. Additionally, with low spreads as low as 0.7%, Topltrade provides competitive pricing, enabling cost-effective trades.


However, Topltrade lacks accessible educational resources, hindering learning for traders. The absence of dedicated customer support services raises worries about the availability of assistance, potentially leading to frustration and dissatisfaction with the overall trading experience. Furthermore, Topltrade's short history, established in 2022, will undermine trust and confidence among prospective clients.

Products & Services

Topltrade offers a diverse range of financial products across multiple asset classes, tailored to meet the needs of various types of traders and investors:

  • Forex: Topltrade provides access to the forex market, which is the largest and most liquid financial market globally. Traders can buy and sell various currency pairs, including major pairs like EUR/USD, minor pairs, and more volatile exotic pairs. Forex trading is favored for its 24-hour market, high liquidity, and the extensive use of leverage, allowing traders to maximize their trading capital.

  • Commodities: Investors can trade various raw materials and resources such as gold, oil, and agricultural products through Topltrade's commodities trading services. This provides opportunities for diversification and capitalizing on commodity price movements.

  • Stocks: Topltrade enables investors to buy and sell shares of publicly listed companies, providing exposure to equity markets and potential capital growth. Investors can engage in stock trading to build diversified portfolios and participate in the performance of individual companies.

  • Indices: Topltrade facilitates trading in indices, which represent a basket of stocks or other assets. This allows investors to speculate on broader market movements and diversify their investment strategies. Trading indices can provide exposure to multiple sectors and regions within a single investment vehicle.

Products & Services

How To Open An Account?

Opening an account with Topltrade is a straightforward process that can be completed in three simple steps:

How To Open An Account?
  1. Registration: Begin by visiting the Topltrade website and locating the “Open Account” or “Sign Up” button. Click on this button to initiate the registration process. You will be required to provide personal information such as your name, email address, and contact details. Ensure that all information provided is accurate and up-to-date.

  2. Verification: After completing the registration form, you will need to verify your identity and comply with regulatory requirements. Topltrade will request additional documentation, such as a copy of your passport or driver's license, as well as proof of address, such as a utility bill or bank statement. Upload the required documents through the secure portal provided by Topltrade.

  3. Account Activation: Once your account registration and verification process are complete, Topltrade will review your information and activate your account. You will receive a confirmation email with instructions on how to log in to your newly created trading account. Follow the provided instructions to access the trading platform and start trading in forex, commodities, stocks, and indices with Topltrade.

How To Open An Account?


Topltrade offers leverage of up to 1:500 for trading activities. Leverage allows traders to control a larger position in the market with a relatively smaller amount of capital.

With a leverage ratio of 1:500, traders can potentially amplify their trading gains, as even a small price movement in their favor can result in significant profits.


Commissions & Spreads

Topltrade operates with a fee structure that includes spreads and commissions. The spreads, which start from 0.7%, represent the difference between the buying and selling price of an asset and serve as the primary source of revenue for the broker.

Additionally, Topltrade charges commissions of 0.2% on trades, adding a fixed percentage fee on top of the spread.

Commissions & Spreads

Trading Platform

Topltrade offers traders access with the Topltrade Trading Platform.

Their mobile trading app, compatible with both iOS and Android devices, ensures traders can stay connected to the markets from anywhere, enabling swift execution of trades and timely responses to market movements.

Meanwhile, their desktop platform provides convenient browser-based access, featuring a highly customizable interface and advanced trading widgets to enhance analytical capabilities and facilitate informed decision-making. Whether on-the-go or at the desk, Topltrade's platforms empower traders with the tools they need to navigate the markets effectively and capitalize on opportunities.

Trading Platform

Customer Support

Topltrade's customer support is not offered, which will raise worries for traders seeking assistance or guidance regarding their trading activities.

The absence of dedicated customer support services could potentially lead to frustration and dissatisfaction among clients, particularly in cases where assistance is needed for account-related queries, technical issues, or general inquiries.


In conclusion, Topltrade presents a diverse range of financial products and services, including Forex, Commodities, Stocks, and Indices, coupled with competitive pricing through low spreads and commissions.

However, the absence of accessible educational resources, customer support services, and the platform's short history will pose challenges for traders seeking comprehensive support and trustworthiness in their trading endeavors.


Question: What financial products does Topltrade offer?

Answer: Topltrade offers a variety of financial products, including Forex, Commodities, Stocks, and Indices.

Question: What is the leverage offered by Topltrade?

Answer: Topltrade provides leverage of up to 1:500 for trading activities.

Question: What are the fees associated with trading on Topltrade?

Answer: Topltrade charges spreads starting from 0.7% and commissions of 0.2% on trades.

Question: Does Topltrade provide customer support?

Answer: No, Topltrade does not offer dedicated customer support services.

Question: Is Topltrade regulated?

Answer: Yes, Topltrade is regulated by the Seychelles Financial Services Authority under a Retail Forex License.

Broker Information

Company Name

Topline Limited

Company Abbreviation


Regulatory Status

Offshore Regulatory

Platform registered country and region

United Kingdom

Company website
Phone of the company










Company address
  • Corporation Street Manchester, MAN M4 4AH

  • 120 Spencer Street Melbourne, VIC 3000

  • 155 West Street Sandton Johannesburg, GP 2031









Customer Service Email Address


Company Summary

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