High Risk
Reported as a scam / unregulated
SF-701293registry entry
Why Toptrade is on the register
Toptrade claims to be owned and operated by Widdershins Group LTD, a company registered in Dominica. However, Dominica is an offshore zone which does not require minimum capital requirements that shows company sustainability, as well as does not regulate Forex services and activities. Therefore, the broker located in Dominica is not subject to strict laws and principles of operation. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.