Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TopTradePro is an unlicensed forex broker located offshore in the Marshall Islands. Through our honest TopTradePro review below, you will find all the information you need, as well as specific advantages and disadvantages of trading with this forex broker.
TopTradePro Review
You will find six different account types available, sorted based on the minimum deposit and extra features provided. TopTradePro also offers an Islamic Account and a Joint Account, which can be accessed by contacting the broker directly.
The minimum deposit to open an account with TopTradePro is $250. This is no surprise, as this is the most common amount required from most forex brokers.
The problem with the TopTradePro account types is that the information given is incredibly vague. For example, the broker mentions nothing about spreads, leverage or the minimum investment amount. This shows lack of transparency and is an immediate red flag with TopTradePro. In addition, the forex broker offers traders too many bonuses – which should always be taken into caution. Keep in mind that regulated brokers are not allowed to offer trading bonuses, as they are often misleading and require impossible amounts of profitable trades to withdraw them.
Take a look at all TopTradePro account types below.
Basic Account ($250)
$250 minimum deposit
20% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Bronze Account ($1,000)
$1,000 minimum deposit
30% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Intro session with trading expert
Silver Account ($2,500)
$2,500 minimum deposit
40% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Intro session with trading expert
Gold Account ($10,000)
$10,000 minimum deposit
60% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Intro session with trading expert
3 – 4 fixed spreads on major currency pairs
CFDs
Strategic analyst – private session
Platinum Account ($25,000)
$25,000 minimum deposit
80% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Intro session with trading expert
3 – 4 fixed spreads on major currency pairs
CFDs
Strategic analyst – private session
Black Account ($100,000)
$100,000 minimum deposit
100% welcome bonus
24/5 support
Education center
Daily market review
PRO webinars
Price Alerts
Intro session with trading expert
3 – 4 fixed spreads on major currency pairs
CFDs
Strategic analyst – private session
Exclusive position access
Islamic Account
TopTradePro gives traders of the Islamic faith the choice to open a separate account – known as Islamic Account – that complies with Sharia law. This is a swap-free account which you can request by contacting the broker directly.
Joint Account
Finally, TopTradePro offers traders the option of opening a Joint Account, which is an account shared by two or more investors. Like the Islamic Account, this will need to be requested directly by contacting the broker.
Demo Account
Unfortunately, TopTradePro does not offer any demo account. This is an instant disadvantage, because a demo account is an excellent way to practice your trades risk-free and test out a broker’s platform before investing any real money. If you are a beginner, we strongly recommend choosing a broker that offers a free demo account, like IQ Option, so you can test the waters before making your first deposit.
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Between 74-89 % of retail investor accounts lose money when trading CFDs
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TopTradePro Login
After you do your TopTradePro login, you will be able to trade CFDs in:
Forex – major and minor currency pairs (ex. EUR/USD, GBP/USD, USD/JPY etc.)
Stocks – CFDs in major company stocks like Apple. Coca Cola, Starbucks etc.
Crypto – major and minor cryptocurrencies including Bitcoin, Ethereum, Litecoin and more
Indices
Commodities – wheat, sugar, coffee etc.
AVTIV8 Trading Platform
Now, you will be trading these underlying assets on the ACTIV8 trading platform, which is a platform created by Leverate (the developer of Sirix). AVTIV8 is a good choice of trading platform, with nice charting and technical analysis indicators. The ACTIV8 platform also offers a “strategies” section with a selection of EA/bots, as well as a “master’s” section.
ACTIV8 is a web-based trading platform, which means investors will be trading online – with no need to download or install any extra software.
However, we were disappointed that TopTradePro does not offer the popular MetaTrader 4 platform (MT4) – even though they do mention it on their website. MT4 is one of the most popular and sought – after forex trading platforms online, but caters to more advanced traders. Usually, brokers that offer MetaTrader 4 have a second option for beginners.
TopTradePro’s AVTIV8 platform can be used by beginners in trading.
If you want to trade with an award-winning licensed broker, we recommended usingIQ Option
Between 74-89 % of retail investor accounts lose money when trading CFDs
TopTradePro.com
If you have any questions, problems or requests, you can contact the TopTradePro customer support team through email, phone or the online contact form on their website. There is no live chat available. TopTradePro claims their customer support team is available 24/5.
The company is owned and operated by Ideas in Motion LTD with the registration address Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Republic of the Marshall Islands MH 96960. The registration number provided is 92591.
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Between 74-89 % of retail investor accounts lose money when trading CFDs
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Between 74-89 % of retail investor accounts lose money when trading CFDs
TopTradePro minimum deposit to begin trading is $250. You can make your deposit via:
Credit/debit card (Visa, MasterCard)
Bank wire transfer
VPay
Skrill
There is no mention of withdrawal methods on the website, but these are usually linked directly to the method you chose to deposit with. TopTradePro does not provide any information on how much time it takes to withdraw your funds.
TopTradePro Pros & Cons
Through our TopTradePro review, we were disappointed to uncover many more disadvantages than we did advantages of trading with this broker. You can see a list of all TopTradePro advantages and disadvantages below to help you make your decision of whether to trade with this company or not.
Pros:
AVTIV8 satisfactory trading platform with variety of assets
Cons:
No license or regulation
Offshore broker
No transparency (does not offer basic information on trading conditions or withdrawals on their website)
No demo account
No MetaTrader 4 (the most popular trading platform)
Conclusion:
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
