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Dominic|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+44 1518 080625
8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.


No valid regulatory information, please be aware of the risk!

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Previous Detection : 2023-11-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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TopTradeGroup · Company Summary

Aspect Information
Company Name TopTradeGroup
Registered Country/Area Dominic
Founded Year 2021
Regulation unregulated
Minimum Deposit 50$
Spreads 0pips-2.7pips
Trading Platforms MT4
Tradable Assets Forex,indices,commodities,cryptocurrencies
Account Types personal account
Demo Account Available
Customer Support Phone, email
Deposit & Withdrawal debit card,credit card,bank transfer

Overview of TopTradeGroup

TopTradeGroup, founded in 2021 and registered in Dominic, operates as an unregulated trading platform that offers a gateway to various financial markets. Engaging in trading activities through the well-acknowledged MT4 platform, it provides traders access to a myriad of tradable assets, including Forex, indices, commodities, and cryptocurrencies, with spreads ranging from 0 pips to 2.7 pips.

The company maintains an accessible entry point with a minimum deposit of $50 and offers a sole account type, which is a personal account, although it does facilitate a demo account for traders seeking a risk-free trading environment to hone their skills. TopTradeGroup emphasizes a straightforward transaction process, allowing deposits and withdrawals via debit card, credit card, and bank transfer, while ensuring a layer of client service through phone and email support.

It is noteworthy that potential and existing traders exercise cautious consideration due to the platform being unregulated, which might pose various risks in the trading journey.

Overview of TopTradeGroup

Is TopTradeGroup Legit or a Scam?

TopTradeGroup is unregulated, it is crucial to note that the platform does not adhere to or is not governed by any known financial regulatory body. This lack of regulation might imply that the trading platform does not comply with standard financial guidelines, and it may not be bound to adhere to the typical legal and ethical standards established by financial authorities in various jurisdictions.

Therefore, traders and investors engaging with TopTradeGroup should proceed with caution and be mindful of the heightened risks involved, as they may have limited to no recourse in the event of dispute or issues with the platform.

Furthermore, it is generally advisable for traders to consider platforms that are regulated by recognized financial authorities to ensure a level of safety, transparency, and accountability in their trading activities.

Pros and Cons


  1. Variety of MSG Assets:TopTradeGroup offers a diverse range of assets for trading, including Forex, indices, commodities, and cryptocurrencies, providing traders with multiple opportunities to diversify their portfolios.

  2. User-Friendly Platform:Utilizing MetaTrader 4, a popular and user-friendly trading platform known for its intuitive interface and robust functionality, allows traders of varying experience levels to navigate and execute trades efficiently.

  3. Accessible Entry Point:A minimum deposit of $50 makes it relatively accessible for new and casual traders who do not wish to commit a substantial initial investment.

  4. Demo Account Availability:The availability of a demo account allows new traders to practice their strategies and get accustomed to the platform without risking real capital.

  5. Diverse Payment Options:Offering multiple deposit and withdrawal options such as debit card, credit card, and bank transfer enhances convenience in managing funds.


  1. Lack of Regulation:Being unregulated poses significant risks to traders, as there is no regulatory oversight to ensure the platform adheres to standard financial and ethical guidelines.

  2. Limited Account Types:Offering only a personal account type limits the options for different kinds of traders and investors, such as those looking for more specialized or premium account features.

  3. Potential for Hidden Costs:The spread range from 0 pips to 2.7 pips may indicate variable spreads, which could lead to higher trading costs in certain market conditions.

  4. Restricted Customer Support:Limited information about customer support (only phone and email mentioned) may mean that the support isnt available 24/7 or in multiple languages, which might be a limitation for global traders.

  5. Security Concerns:Without regulatory oversight, there might be concerns regarding the security of funds and data protection, making it imperative for traders to assess the security protocols of the platform.

Pros Cons
Variety of MSG Assets Lack of Regulation
User-Friendly Platform Limited Account Types
Accessible Entry Point Potential for Hidden Costs
Demo Account Availability Restricted Customer Support
Diverse Payment Options Security Concerns

Market Instruments

TopTradeGroup offers a range of market instruments for traders to engage in, spanning across various financial markets. Below are the details of the market instruments available for trading on the platform:

  1. Forex (Foreign Exchange):

    1. A significant array of currency pairs is likely available, allowing traders to engage in the exchange of different global currencies. Forex trading might include major, minor, and exotic currency pairs, though the exact offerings were not specified.

  2. Indices:

    1. Traders may have the opportunity to invest in various global market indices, which typically involve a collection of prominent stocks representing a particular market or sector. This could encompass indices from various regions and sectors, enabling traders to speculate on overall market movements.

  3. Commodities:

    1. The platform possibly extends access to various commodities, allowing speculation or hedging on products in categories like energy, agriculture, and metals. This might include trading instruments related to oil, gold, wheat, and other vital commodities.

  4. Cryptocurrencies:

    1. Cryptocurrency trading allows traders to speculate on the price movements of various digital currencies. Though not specified, this might include popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as potentially other alternative coins.

Its essential to note that while these market instruments provide traders with a broad field to diversify their trading or investment strategies, each comes with its unique risk factors and market dynamics. Thorough knowledge and understanding of each market, paired with strategic planning, are vital in navigating the risks and opportunities inherent in trading these instruments, especially on an unregulated platform like TopTradeGroup. Future or potential users of this platform should meticulously evaluate and consider these aspects prior to engaging in trading activities.

Market Instruments

Account Types

TopTradeGroup takes a minimalist and accessible approach to account management by primarily offering a personal account type, aimed at individual traders with varying levels of experience and expertise.

With a notably accessible entry point established at a minimum deposit of $50, TopTradeGroup endeavors to welcome traders with diverse financial capacities, encouraging them to delve into the global trading arena.

Furthermore, the platform demonstrates a commitment to nurturing trading proficiency among its users by offering a demo account. This feature allows both prospective and novice traders to acquaint themselves with the platform's functionalities and experiment with trading strategies in a risk-free simulated market environment.

How to Open an Account?

Opening an account with TopTradeGroup can be achieved through a few clear steps, crafted to streamline the process for aspiring traders:

  1. Registration: Begin by navigating to the TopTradeGroup website and locating the “Register” button, typically prominently displayed on the homepage. Clicking this will redirect you to a registration form where you'll input foundational personal details such as name, email address, and contact number.

  2. Account Type Selection: Subsequent to registration, you‘ll need to select your desired account type. Squire’s Finance Limited offers varied options including TEST, BEGINNER, STANDARD, CORPORATE, and VIP, each tailored with distinct features and conditions to cater to different trading needs and investment capacities.

  3. Verification: Once the initial registration and account selection are complete, a verification process ensues. Here, you will be expected to submit identification and possibly address verification documents, such as a passport or drivers license, and potentially a recent utility bill or bank statement, adhering to standard KYC (Know Your Customer) protocols.

  4. Deposit Funds: With verification complete, the next stage involves funding your account. Ensure you deposit at least the minimum required amount for your chosen account type using one of the supported deposit methods. Squires Finance Limited has purportedly made multiple options available to accommodate varied preferences.

  5. Start Trading: Finally, with your account verified and funded, you can commence trading. Accessing the WebTrader platform, you will find a suite of trading instruments across various asset classes. Ensure to acquaint yourself thoroughly with the platform functionalities and maybe opt to initiate your journey with some risk-free demo trading to familiarize yourself without financial commitment.

Spreads & Commissions

TopTradeGroup provides a varied range of spreads, which are articulated to be between 0 pips and 2.7 pips, catering to a multitude of trading preferences and strategies among its user base. The spread is the difference between the bid and ask price of an asset and is often considered a trading cost, impacting the potential profitability of trades.

Moreover, while theres mention of the spreads, there is no provided data regarding any potential commissions.

Therefore, prospective traders are encouraged to delve deeper into TopTradeGroups fee structure, exploring both the specified spreads and seeking clarity that might impact their trading costs and overall investment profitability.

Trading Platform

TopTradeGroup utilizes the MetaTrader 4 (MT4) platform, providing its traders with a widely-recognized and robust trading interface that is popular among Forex traders globally. MT4 is renowned for its user-friendly navigation, a variety of analytical tools, and the ability to employ automated trading strategies through Expert Advisors (EAs).

With its comprehensive charting tools, traders can engage in detailed technical analysis, enabling them to decipher and anticipate potential market movements meticulously. Additionally, MT4 facilitates the creation, modification, and utilization of algorithmic trading strategies, providing a platform for traders who prefer to employ automated trading.

Furthermore, MT4 supports multiple order types and offers a secure trading environment with encrypted data transmission between the trader and server. The platforms wide adoption in the trading community also means that users can access a plethora of online resources, tutorials, and communities dedicated to MT4 trading strategies and advice.

While MT4 predominantly appeals to Forex traders, its applicability across various markets, like commodities and indices, means traders on TopTradeGroup can utilize it across the diverse asset classes offered on the platform. It's crucial for new users to explore and familiarize themselves with all the functionalities of MT4 to fully harness its capacities in their trading endeavors on TopTradeGroup.

Market Instruments

Deposit & Withdrawal

TopTradeGroup provides its users with a straightforward and convenient approach to managing their funds by offering several deposit and withdrawal options.

Specifically, traders can utilize debit cards, credit cards, and bank transfers to deposit funds into their trading accounts. This multiplicity of payment methods ensures that users can choose an option that best suits their financial management strategy and preferences.

The minimum deposit requirement is set at a relatively low $50, which allows traders of various financial capacities to participate in the trading activities available on the platform.

However, its crucial for traders to explore further details pertaining to deposit and withdrawal, such as the processing time for each transaction type, potential fees associated with each method, and any minimum or maximum withdrawal limits that may be applicable.

Traders are advised to consult TopTradeGroups website or customer service for more detailed information. Also, in light of the platform being unregulated, it is crucial to approach financial transactions with caution and potentially employ additional safety measures to safeguard funds and personal information.

Deposit & Withdrawal

Customer Support

TopTradeGroup, under the umbrella of Widdershins Group LTD, provides a foundational layer of customer support to assist its traders throughout their trading journey.

Clients and prospects can reach out to the company through a designated customer service phone number, +44 1518 080625, presenting a direct line of communication for immediate inquiries or support needs.

Additionally, for detailed queries or issues that might require an in-depth explanation or documentation, traders can utilize the provided email address,, ensuring that they have a written record of communication with the company.

The company's physical presence is indicated at 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. Also,, may offer additional resources, updates, and potentially a live chat feature for further support.


TopTradeGroup, a trading platform operated by Widdershins Group LTD, offers a range of tradable assets including Forex, indices, commodities, and cryptocurrencies through the widely used MT4 trading platform. Although the platform facilitates an accessible entry into trading with a minimum deposit of $50 and provides a diversity of financial instruments, it operates without regulatory oversight, inherently posing a risk to traders.

While offering some essential trading functionalities and a user-friendly interface through MT4, the lack of visible social media engagement and regulatory transparency calls for cautious engagement from prospective traders. In-depth personal research and possibly consultation with a financial advisor are crucial before committing funds to this platform, ensuring that traders are well-informed and prepared for the risks associated with using an unregulated trading entity.



Q: What trading platforms does TopTradeGroup provide?

A: TopTradeGroup offers the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface, comprehensive analytical tools, and capabilities to facilitate automated trading strategies through Expert Advisors (EAs).

Q: How does the lack of regulation impact traders on TopTradeGroup?

A: The absence of regulatory oversight means that TopTradeGroup is not bound by any regulatory financial and ethical standards. This situation can heighten the risk for traders, as they might have limited or no recourse in case of disputes or platform-related issues.

Q: What is the minimum deposit requirement for opening an account with TopTradeGroup?

A: The platform allows traders to open an account with a minimum deposit of $50, providing a relatively accessible entry point for various traders.

Q: What types of tradable assets are available on TopTradeGroup?

A: TopTradeGroup offers a varied selection of assets for trading, including Forex, commodities, indices, and cryptocurrencies.

Q: How can traders contact TopTradeGroup for support or inquiries?

A: Traders can reach out to TopTradeGroup through their customer service phone number +44 1518 080625 or via email at

Broker Information

Company Name

Widdershins Group LTD

Company Abbreviation


Regulatory Status

No Regulation

Platform registered country and region


Company website
Phone of the company
  • +44 1518 080625









Company address
  • 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.









Customer Service Email Address

Company Summary

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