Basic Information & Regulation
TopTradePro is a Marshall Islands-registered online Forex and CFD broker founded in 2019 and is not subject to any active regulation.
Safety Analysis of TopTradePro
The primary criterion for determining the safety of a forex trading platform is whether it is formally regulated. TopTradePro's status as an unregulated broker means that investors' trading activities and funds are not effectively protected on this platform compared to those regulated by the FCA in the UK and CySEC in Cyprus. Therefore, it is best for investors to stay away from this TopTradePro forex broker.
Market Instruments of TopTradePro
TopTradePro offers investors a wide range of trading instruments, mainly a variety of popular currency pairs, indices, commodities, precious metals, stocks, and a large number of cryptocurrencies.
Accounts & Leverage of TopTradePro
TopTradePro offers investors six different types of accounts: Basic (minimum deposit of $250), Bronze (minimum deposit of $1,000), Silver (minimum deposit of $2,500), Gold (minimum deposit of $10,000), Platinum (minimum deposit of $25,000), and Black (minimum deposit of 100,000 USD). The maximum trading leverage for basic accounts is 1:100.
Spreads & Commissions
The official TopTradePro website does not show information about spreads and commissions. After testing the demo account, it is known that the spread on EURUSD is below 1 pip.
Trading Platform Available
TopTradePro provides investors with the Activ8 trading platform, not the most popular MT4/MT5 trading platform.
Pros & Cons of TopTradePro
The main advantages of TopTradePro are:
1. A wide range of trading products
2. Six account types to choose from
The main disadvantages of TopTradePro are:
1. Not subject to any regulation
2. Information on trading conditions not provided
3. High account deposit amounts
4. Non-MT4/MT5 trading platform
5. No information on deposit and withdrawal is provided
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