Top Trade Group Scam Warning: FCA-Warned Forex and CFD Scheme

Top Trade Group describes itself as the "first and trusted broker" and claims to offer trading in currencies, bonds, energy, precious metals, options and share CFDs. The website puts a UK number forward for free consultations and soon connects the investor to an account that is steered by phone.

🔍 Regulatory Warnings and Findings

In October 2021 the UK Financial Conduct Authority (FCA) added Top Trade Group to its list of unauthorised firms, and in 2022 the Austrian FMA announced that the scheme has no authorisation to carry out banking and investment business. The website is live today at toptrade.group; the current registration of the domain dates from September 2026 and the contact details show the number +44 151 808 0625. The platform does not appear on the SPK list; Article 109 of Capital Markets Law No. 6362 makes unauthorised capital markets activity a criminal offence.

No shared domain name or contact trail was found between this site and the TOPTRADER brandTR; it is a different scheme with a similar name.

🚩 The Account Flow Managed by Phone

In schemes of this kind, after a first small investment, "account managers" at a call centreTR show profits on the dashboard and push the investor to increase the amount. When a withdrawal is requested, a tax, commission or verification fee appears; if it is not paid, the account is frozen.

🔗 Similar Offshore Schemes

We have also examined other platforms that gather investments with a foreign address and an official-looking website:

🧭 How Does the Process Work?

The roadmap for a victim generally begins with an investigation; for transfers sent abroad, the possibility of a SWIFT recall is also assessed. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions