Warning: Is TopTrades a Scam?

Investigation: TopTrades (toptrades.co)

We audited TopTrades (toptrades.co) and found concerning issues.

We found that it is located at Birmingham, AL 35201 United States, the phone number is '+1（865）248-0319, and the support email is support@toptrades.co.

TopTrades claims to be a financial firm, but it is unlicensed by any top-tier financial regulator, such as the FCA or SEC.

Money Stuck in TopTrades?

If you think you were defrauded by TopTrades, do not wait. Fill out the inquiry below to talk to our cyber-forensics team for a complimentary consultation.

Regulatory Check: TopTrades

Our investigation confirms that TopTrades is missing a valid license.

Investing with unlicensed brokers is very dangerous. Legitimate firms are must be registered with bodies like the SEC, ASIC, or FCA to protect investors.

TopTrades lacks this supervision. As a result, there is no protection if they steal your money. Many investment fraud use unregulated entities, and getting back funds from them is challenging without professional help.

For example, in the UK, unauthorized firms are not covered by the compensation schemes. In the US, they are not members of SIPC, so your capital is completely exposed.

How They Steal Money

Investment fraud is evolving. Criminals use social engineering to steal your savings. Below are typical tactics used by brokers like TopTrades (toptrades.co).

The "Romance" Trap

"Pig Butchering" is a cruel tactic where scammers build trust over weeks. They build a romance online. Once trust is built, they introduce a "lucrative" crypto opportunity. It is a lie to get you onto a scam site like TopTrades.

The "Bonus" Trap

Fraudsters build websites that mimic real trading apps. They have charts and profits that increase. But it is a game. The broker controls the prices to convince you to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• No License: The firm has no legal registration.
• Guaranteed Profits: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Aggressive Sales: Agents push you to deposit more.

Do not trust positive ratings. Scammers frequently write their own 5-star comments to appear real.

Verdict

Our verdict is to avoid TopTrades. It is likely a fraud. Save your funds and use a regulated broker. Avoid toptrades.co at all costs.