Score
United Kingdom
|
5-10 years
| http://www.topwellcg.com/
Website
Rating Index
LicensesLicensed Entity：YCM-Invest Ltd
License No. 470392
United Kingdom
topwellcg.com United StatesTopWellCG is a brand of Finotec Trading UK Limited. It provides the most popular trading platform MT4. Besides, the maximum leverage is up to 1:1000, which is attractive. However, its regulation is suspicious and the account types are limited.
| Pros | Cons |
| High leverage up to 1:1000 | Suspicious clone license |
| Popular trading platform MT4 provided | Limited account types |
| Lack of transparency | |
| Limited contact channels |
| Regulatory Authority | Financial Conduct Authority (FCA) |
| Current Status | Suspicious clone |
| Regulated by | United Kingdom |
| Licensed Institution | YCM-Invest Ltd |
| Licensed Type | Institution Forex License (STP) |
| Licensed No. | 470392 |
The entity of licensed institution is YCM-Invest Ltd, but the Topwellcg is a brand of Finotec Trading UK Limited. Besides, email, website and address are also different from the Topwellcg provided. Obviously, Topwellcg's regulation is a suspicious clone. So traders should be careful when trading.
TopWellCG offers trading in 40 FX pairs and CFDs on indices and commodities, including precious metals and oils.
| Tradable Instruments | Supported |
| Indices | ✔ |
| Commodities | ✔ |
| Energies | ❌ |
| Options | ❌ |
| Cryptocurrencies | ❌ |
Topwellcg provides a single account type: Classic account. In addition, it also offers managed accounts and demo accounts. And the minimum deposit is $100.
Topwellcg claims its leverage is up to 1:100. However, the maximum leverage of Topwellcg is 1:1000 when using demo accounts. High leverage levels are generally beneficial, but can also cause heavy losses.
Topwellcg's spread is competitive, average 0.4 pips on EUR/USD, and a commission of $2.47 also applies. So the average trading cost comes to around 0.7 pips per lot, which is really attractive.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mobile, Desktop | Beginners |
| Contact Options | Details |
| Phone | 4000708182 |
| ❌ | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | ❌ |
| Website Language | ❌ |
| Physical Address | Finotec Trading UK Limited Mappin House, Oxford Circus London W1W 8HF, United Kingdom |
TopWellCG is not recommended for trading. Suspicious regulation means high potential risks traders may face, like funds risks or legal risks. Besides, its trading assets and account type are limited. So traders should be cautious when trading.
Is TopWellCG safe?
No, the regulation of TopWellCG is a suspicious clone.
What kind of trading platform does TopWellCG offer?
TopWellCG claims to offer MT4.
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