1. What is TopTrader?
  2. TopTrader Pros and Cons
  3. Is TopTrader Safe or a Scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about TopTrader.

What is TopTrader?

TopTrader is a Cyprus-based brokerage company providing access to traders with more than 2,000 Real Stocks, CFDs on Stocks, ETFs, Indices, Commodities, Crypto, and Forex. The company was founded in 2014 in Limassol, Cyprus, and has a registered brand name of Goldenburg Group Limited, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Per our findings, the broker offers its services to residents of the European Economic Area excluding Belgium, Switzerland, and Slovenia. It does not provide its solutions in the UK as well and in the territories of third countries except South Africa and Labuan, while overall providing quite competitive trading conditions and solutions that might suit various traders, see more of our findings below.

TopTrader Pros and Cons

Based on our research, we found some good points like TopTrader offers a secure and diverse trading experience, using both the MT5 platform and its proprietary TopTrader platform. Additionally, it provides a wide range of trading instruments at competitive prices, as well as account segregation and insurance of up to €20,000 for clients’ funds, which is good for trading protection overall.

For the cons, customer support is not available 24/7, which may be inconvenient for some traders, and also the broker does not carry any international financial license so some regions might be restricted to open an account with the broker.

Account segregationNo 24/7 customer support
Compensation fundOne regulatory body
CySEC regulation and oversee
MetaTrader 5
Range of market products
Available for European traders
Competitive fees

TopTrader Review Official Website

TopTrader Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
🖥 PlatformsMT5, TopTrader
📉 InstrumentsCFDs on Stocks, ETFs, Indices, Commodities, Crypto, and Forex
💰 EUR/USD Spread0.7 pips
🎮 Demo AccountAvailable
💳 Minimum Deposit$0
💰 Base CurrenciesEUR, USD, GBP
📚 EducationProvided
☎ Customer Support24/5

Overall TopTrader Ranking

With our findings and thoughts, the broker offers a secure trading environment and competitive pricing for its trading instruments, which is overall ranked good trading Broker.

  • TopTrader Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingTopTraderXGLOBAL MarketsDeriv
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesTrading ProductsSpreadsTrading Fees

TopTrader Alternative Brokers

Although the firm offers competitive pricing and trading solutions, there are other brokers in the market that offer similar services, also it is solely a Cyprus firm so some limitations might be in place. As a result, we have conducted an extensive analysis and listed of TopTrader’s top competitors that you may want to consider:


We found that TopTrader has received recognition from international investors for its reliable trading services and financial technology. This is a positive point for the broker as it indicates that the company prioritizes its reputation and has been verified by various institutions.

Is TopTrader Safe or Scam?

No, TopTrader is not a scam. It is a reputable and secure broker that follows the strict rules and guidelines established by CySEC, the European regulatory authority that oversees its operations.

Is TopTrader Legit?

Yes, TopTrader is a legit and regulated broker.  

Compliance with the regulatory requirements set by CySEC enhances the safety and confidence of traders who choose to trade with TopTrader.

See our conclusion on TopTrader Reliability:

  • Our Ranked TopTrader Trust Score is 8.5 out of 10 for the good reputation and services provided.
TopTrader Strong PointsTopTrader Weak Points
Segregated accountsNone
Investors Compensation Fund (ICF)
Negative balance protection
Funds protection

How Are You Protected?

TopTrader prioritizes the safety and security of its clients’ funds by segregating them from the firm’s accounts and not using them for operational purposes. Moreover, we discovered that TopTrader provides various protective measures, such as negative balance protection during times of market volatility, as well as Investor Compensation Fund Protection, that further ensure the safety of traders’ accounts.

TopTrader Review License


Leverage is a useful tool for traders to gain access to the market with less capital. However, it is important to note that leverage can lead to significant profits or losses based on its usage. As a result, it is crucial to have a comprehensive understanding of how it functions and its possible outcomes before participating in trading activities that involve leverage.

TopTrader leverage is offered according to CySEC regulation:

  • European traders are eligible to use a maximum of up to 1:30 for major currency pairs.

Account Types

According to our Broker analysis traders can access a single account to trade the most popular financial markets. Additionally, new traders have the opportunity to use a Demo account for free, allowing them to practice trading and make trial trades.

Fast and easy account openingNone
Demo account available
Account base currencies EUR, USD, GBP

How to Open TopTrader Live Account?

Opening an account with a broker is quite easy, we could open an account within minutes. You should follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Open Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

TopTrader Review Opening Account

Trading Instruments

The broker offers a wide selection of over 2000 CFDs on different asset classes, such as Stocks, ETFs, Indices, Commodities, Cryptocurrencies, and Forex. Moreover, clients are allowed to trade multiple markets 24/7 from a single trading platform.

  • TopTrader Markets Range Score is 8.7 out of 10 for wide trading instrument selection. On the other hand, many popular asset classes, such as futures and bonds are not available to trade.

TopTrader Review Trading Instruments

TopTrader Fees

For the fees, there are various fees applied apart from the main costs which are typically based on a spread Broker charges for each trade you operate. Also, TopTrader charges an inactivity fee of €100 if an account remains inactive for a month. Additionally, it also applies swap or rollover fees for positions that are held open overnight.

Although we found that TopTrader does not impose deposit or withdrawal fees, it is important to note that the payment providers used for these transactions may charge fees, which the broker cannot control. Therefore, you should check with your payment provider to determine if any fees will be incurred.

  • TopTrader Fees are ranked low or average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers for all fees applied.
FeesTopTrader FeesXGLOBAL Markets FeesDeriv Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesYes
Fee rankingLow/AverageLowLow


Based on our test trade, TopTrader’s clients are offered competitive and floating spreads for certain account types and trading instruments, with an average spread of 0.7 pips available for the popular EUR/USD currency pair in Forex trading, making it an appealing choice for traders across multiple markets.

Moreover, the broker offers competitive spreads for other financial instruments, which can be an attractive option for traders who operate in different markets.

  • TopTrader Spreads are ranked average with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too.
Asset/ PairTopTrader SpreadXGLOBAL Markets SpreadDeriv Spread
EUR USD Spread0.7 pips0.2 pips0.1 pips
Crude Oil WTI Spread0.0620.0353
Gold Spread0.20.111

TopTrader Review Spreads

Deposits and Withdrawals

TopTrader provides clients with several funding options, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller. It is worth noting that each funding method may have specific requirements and limitations based on the financial institution involved and the client’s country of residence.

  • TopTrader Funding Methods we ranked good with an overall rating of 8.7 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for TopTrader funding methods found:

TopTrader AdvantageTopTrader Disadvantage
Fast digital depositsNone
No deposit and withdrawal fees
Multiple account base currencies

Deposit Options

In terms of funding methods, TopTrader offers the following payment methods:

  • Bank Wire,
  • Credit/Debit cards,
  • Skrill,
  • Neteller, etc.

TopTrader Minimum Deposit

There is no minimum deposit requirement to open a trading account with TopTrader, which makes it a flexible option for traders of different financial capabilities. However, certain funding methods may have their minimum deposit amounts or fees, so it is important to check the details before making a deposit.

TopTrader minimum deposit vs other brokers

TopTrader Most Other Brokers
Minimum Deposit $0 $500

TopTrader Withdrawals

Traders can expect a smooth and quick withdrawal process with TopTrader, as the broker claims to process withdrawal requests within three to five business days of approval, ensuring that clients can access their funds immediately.

How Withdraw Money from TopTrader Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your DashboardTopTrader Review Funding Methods

Trading Platforms

TopTrader offers its clients two advanced and user-friendly trading platforms, the MetaTrader 5 and the TopTrader proprietary platform. These platforms are accessible through desktop, web, or mobile devices, allowing traders to stay connected to the markets and trade anytime, which is overall considered a good trading opportunity that might suit most traders.

Trading Tools

The MT5 platform is an updated and more advanced version of the MT4, which offers traders additional features and tools such as advanced charting capabilities and a wider range of financial instruments. With the platform, traders can access various chart types, multiple timeframes, and technical indicators to assist them in their market analysis.

  • Moreover, it comes with a built-in economic calendar that displays scheduled news releases and events that could affect the markets. The platform also offers a social trading feature, enabling traders to copy trades from other traders or create and share their trading signals with the community. In addition, the MT5 platform supports algorithmic trading, allowing traders to use Expert Advisors (EAs) for automated trading.

Meanwhile, TopTrader’s proprietary platform is user-friendly, providing traders with advanced trading features, including social and algorithmic trading, as well as various order types.

  • TopTrader Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT5 professional trading platform.
PlatformsTopTrader PlatformsXGLOBAL Markets PlatformsDeriv Platfroms
Own PlatformsYesNoYes
Mobile AppsYesYesYes

TopTrader Review Trading Platforms

Customer Support

Traders have access to 24/5 customer support through Live chat, Email, Support desk, and Dealing desk at TopTrader. We found that the broker’s support team consists of trading professionals who can offer help with technical difficulties, analysis advice, general questions, and operational concerns.

  • Customer Support in TopTrader is ranked good with an overall rating of 8 out of 10 based on our testing. We got fast and knowledgeable responses, and also easy to reach during the working days, yet since Broker has only Cyprus entity some limitations might be in place too

See our find and ranking on Customer Service Quality:

Live chat, phone lines, emailNo 24/7 customer support
Quick responses
Relevant answers

TopTrader Education

Lastly, the broker’s “Learn Center” section on its website provides various educational resources for traders, such as eBooks and Video Academy, covering beginner to advanced levels, as well as Crypto and MetaTrader 5 courses. In addition, TopTrader offers Economic and Crypto calendars and provides a free demo account to help traders practice their skills and test their strategies in a risk-free environment. However, the broker does not provide any seminars, webinars, or research materials according to our findings, so it might be good to consider Broker with better education provided.

  • TopTrader Education ranked with an overall rating of 7 out of 10 based on our research. For beginners, we recommend obtaining educational resources from established and reputable brokers.

TopTrader Review Education

TopTrader Review Conclusion

In conclusion, TopTrader is a well-regulated online broker that offers traders a range of trading instruments, competitive spreads and fees, multiple funding methods, and advanced trading platforms. The broker’s proprietary trading platform and the MT5 platform provide traders with a user-friendly interface and advanced trading features, including algorithmic trading, social trading, and a range of order types.

TopTrader also provides reliable customer support and its education section provides good learning materials, yet not as comprehensive as other popular Brokers. We have also found that it lacks research materials, seminars, and webinars.

Overall, TopTrader is a trustworthy and affordable choice for traders seeking a licensed broker to manage their trades. However, we recommend conducting thorough research before choosing TopTrader as your broker to ensure that it suits your trading requirements.

Based on Our findings and Financial Expert Opinions TopTrader is Good for:

  • Traders from Europe
  • Traders who prefer the MT5 trading platform
  • CFD and currency trading
  • Beginners
  • Advanced traders
  • Hedging strategy
  • STP/NDD execution
  • Competitive spreads and prices
  • EA/Auto trading
  • Good educational materials and trading tools
  • Supportive customer support

No news available.

One response to “TopTrader”

Leave a Reply

Your email address will not be published. Required fields are marked *