TopTradePro Review

TopTraderPro Review: A very fancy scam broker

TOPTRADERPRO REVIEW CONTENT:

  • GENERAL INFORMATION
  • TRADING ACCOUNTS AND CONDITIONS
  • NO ADEQUATE TRADING PLATFORM
  • DEPOSIT AND WITHDRAWAL METHODS
  • SO, WHAT DO WE THINK?

General Information

  • Broker Name:  TopTradePro
  • Broker Type:   Forex
  • Country: Republic of the Marshall Islands
  • Operating Since (Year):          2003
  • Regulation:      –
  • Address: Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH 96960 Republic of the Marshall Islands
  • Broker status:  Not regulated

Customer Service

  • Phone: +442080894279
  • Email:  [email protected]
  • Languages:      Italian, German, Spanish
  • Availability:    –

Trading

  • Trading platforms:      MT4
  • Demo account:            Yes
  • Mobile trading:           Yes
  • Web-based trading:     Yes
  • Bonuses:          Yes
  • Other trading instruments:      No

Account

  • Minimum deposit (USD):       USD250
  • Maximal leverage:      –
  • Spread:            –
  • Scalping allowed:       –

General information

TopTradePro was founded in 2003 with the mission of helping experienced and beginner traders to create profitable experiences by improving trading strategy and market knowledge.

As the website says, TopTradePro was created by the developer of Sirix and Leverate. A blatant lie, to be honest, as there is no evidence of it on the website.

The company believes that Forex trading is the future of finance and investing. It is motivated by empowering Forex and FX investors.

TopTraderPro Website

In fact, TopTradePro is a brand name of Ideas in Motion LTD, incorporated in the Republic of the Marshall Islands with the registration number 92591.

Their address, yet again the Republic of the Marshall Islands. The most favorite place for all the scammers: Trust Company Complex, Ajeltake Road, Ajeltake Islands, MH 96960. Generally speaking, forex and CFD brokers operating in such offshore zones are not regulated and are not to be trusted.

The reality is that most offshore brokers choose to register on sunny islands to cut legal corners.

Trading Accounts and Conditions

Offshore forex and CFD broker TopTradePro offers its clients several account types. However, unfortunately, TopTradePro is not that clear about its trading conditions, when we tested its Activ8 platform, they seemed promising at first, until it stopped working correctly. Nonetheless, TopTradePro is not to be trusted, and we ask you to stay away from it.

Here is the list of account types the bro9ker offers:

BASIC Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. PRO webinars
  6. Price alerts
  7. Deposit USD 250

BRONZE Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. PRO webinars
  6. Price alerts
  7. Deposit USD 1 000
  8. Intro session with an expert

SILVER Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. PRO webinars
  6. Price alerts
  7. Deposit USD 2 500
  8. Intro session with an expert

GOLD Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. CFDs
  6. PRO webinars
  7. fixed 3-4 spreads on major currency pairs.
  8. Price alerts
  9. Deposit USD 10 000
  10. Intro session with an expert
  11. fixed 3-4 spreads on major currency pairs.

PLATINUM Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. CFDs
  6. PRO webinars
  7. fixed 3-4 spreads on major currency pairs.
  8. Price alerts
  9. Deposit USD 25 000
  10. Intro session with an expert
  11. fixed 3-4 spreads on major currency pairs.

TopTraderPro Managing

BLACK Account Type

  1. 20% Welcome Bonus
  2. 24/5 support
  3. Education center
  4. Daily market review
  5. CFDs
  6. PRO webinars
  7. fixed 3-4 spreads on major currency pairs.
  8. Price alerts
  9. Deposit USD 10 000
  10. Intro session with an expert
  11. fixed 3-4 spreads on major currency pairs.
  12. Strategic analyst
  13. Exclusive position access

However, there are two additional account types: Islamic account and a Joint one. Yet, TopTradePro has no demo account.  Let us also remind you that having a demo account is very important when you want to try whatever the broker offers. No brokerage should force their clients to buy their products without providing them a test drive. It is just not fair.

Also, we could not find an exact list of trading conditions. Also, no information was disclosed on the website.

This is always an issue with forex brokers, as it means that the companies are not transparent about their services, offerings, tools, and pricing.

No adequate trading platform

It is fascinating that these scammers are so blatant in their never-ending lies. As we mentioned above, TopTradePro offers its services on Activ8, a proprietary platform, which unfortunately is nothing compared to the MT4.  Many traders will also regret missing the advanced charting package of MetaTrader 4 and 5.

Chart

TradePro Trading Assets

  1. Forex – major and minor currency pairs (ex. USD/JPY, EUR/USD, etc.)
  2. Crypto – Cryptocurrencies like Bitcoin, Ethereum, Litecoin
  3. Stocks – Coca Cola, Starbucks, Apple
  4. Commodities – coffee, sugar, wheat

TopTradePro Review: Deposit and Withdrawal Methods

TopTradePro has limited information on its website regarding deposit and withdrawal options. The only information we could gather is for deposit methods, which are:

TopTraderPro Depositing

  1. Wire transfer
  2. Credit
  3. Debit card (Visa, MasterCard)
  4. V-Pay
  5. Skrill

In fact, TopTradePro requires a minimum deposit of USD250. To be honest, the deposit could have been lower, considering that many prominent reliable brokers need USD 100 as a start. In fact, some brokers ask for even less.

TopTraderPro Review: So, what do we think?

TopTradePro is a forex and CFD broker that does not inspire a lot of trusts. However, if you were too lazy reading the review, then here is a brief list of all the reasons you SHOULD NOT trade with TopTradePro.

  1. An offshore broker
  2. Trading conditions not disclosed on the website
  3. No MetaTrader
  4. An initial deposit could have been lower.

TopTraderPro Philosophy

Please also remember that it is always best to deal only with regulated brokers. Always do a throughout the research and check the authenticity of their licenses in the registers of the respective financial authorities. Be careful and trade with caution.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1 (9 reviews)