Toptrade.group is a scam broker

Edita

Recruit
Messages
6
I started to trade and opened my trading account with the company Toptrade.group which, as I found out too late, is a company registered in the Commonwealth of Dominica, however the broker I am working with told that his office is in Luxembourg. I earned some money and ordered to withdraw it and transfer it to my bank account. After making a sepa transfer a person called me and told that my money transfer was intercepted and that now the money is in the bank Barklays. Everything happened so quickly, that I do not remember the name of the person, I only have a phone number from which he called. He was talking to me in Russian and explained that in order to complete the transaction, I had to pay an additional fee in the amount of 2500 EUR. After paying this amount of money, the transaction will be completed, and I will receive my money the following working day. Also, they will return 90% of the said fee. As it was explained to me, this fee is something like a security deposit for taxes (I do not know how to call it in English as the person was speaking in Russian) and that it appeared after the Brexit. He also told that I have to pay this fee as the money was earned in the UK. I am not a citizen of the UK and I have never worked or lived there. When I contacted the tax authority of my country, they told me that all necessary taxes should be paid in my country, not in the UK. Then I wrote to the tax authority of the UK but have not received the answer from them yet. I also contacted Barklays. They told me that they only communicate with customers in English and that if there are any fees, they are deducted from the money being transferred.

When I asked the said person from the bank how to pay that fee, he told me to ask my broker and did not explain anything more. When I wanted to call him again to get more details, nobody answered. My broker says that I have to pay this amount and only will tell me how to do this when I confirm that I have this amount and when I am ready to pay.
He also told me that I should pay this fee to somebody from the Isle of Man. This information was different from that which I received from the person who called me from the bank. I kept asking my broker to give me contacts of his office and also the office in London (as he told that there are two offices) as well as contacts of the institution to which i have to pay the fee (according to the broker) but he does not give them to me. Now he asks me to pay 3000 euros for completion of transaction and when I told that I would not do that, he started threatening me. Financial institutions from the UK and the Isle of Man strongly do not recommend to pay anything, I cannot return my money back and I do not feel safe because of the threats I received. I have already reported the fraud to the police of the UK but I have not received any answer from them yet. I also tried to contact Toptrade.group support service to check if the broker is a real person, however I did not receive any answers from them too. I am not able to sign in to my trading account any more and I am sure that I have been scammed.
 

The Punisher

Sergeant Major
Messages
589
I started to trade and opened my trading account with the company Toptrade.group which, as I found out too late, is a company registered in the Commonwealth of Dominica, however the broker I am working with told that his office is in Luxembourg. I earned some money and ordered to withdraw it and transfer it to my bank account. After making a sepa transfer a person called me and told that my money transfer was intercepted and that now the money is in the bank Barklays. Everything happened so quickly, that I do not remember the name of the person, I only have a phone number from which he called. He was talking to me in Russian and explained that in order to complete the transaction, I had to pay an additional fee in the amount of 2500 EUR. After paying this amount of money, the transaction will be completed, and I will receive my money the following working day. Also, they will return 90% of the said fee. As it was explained to me, this fee is something like a security deposit for taxes (I do not know how to call it in English as the person was speaking in Russian) and that it appeared after the Brexit. He also told that I have to pay this fee as the money was earned in the UK. I am not a citizen of the UK and I have never worked or lived there. When I contacted the tax authority of my country, they told me that all necessary taxes should be paid in my country, not in the UK. Then I wrote to the tax authority of the UK but have not received the answer from them yet. I also contacted Barklays. They told me that they only communicate with customers in English and that if there are any fees, they are deducted from the money being transferred.

When I asked the said person from the bank how to pay that fee, he told me to ask my broker and did not explain anything more. When I wanted to call him again to get more details, nobody answered. My broker says that I have to pay this amount and only will tell me how to do this when I confirm that I have this amount and when I am ready to pay.
He also told me that I should pay this fee to somebody from the Isle of Man. This information was different from that which I received from the person who called me from the bank. I kept asking my broker to give me contacts of his office and also the office in London (as he told that there are two offices) as well as contacts of the institution to which i have to pay the fee (according to the broker) but he does not give them to me. Now he asks me to pay 3000 euros for completion of transaction and when I told that I would not do that, he started threatening me. Financial institutions from the UK and the Isle of Man strongly do not recommend to pay anything, I cannot return my money back and I do not feel safe because of the threats I received. I have already reported the fraud to the police of the UK but I have not received any answer from them yet. I also tried to contact Toptrade.group support service to check if the broker is a real person, however I did not receive any answers from them too. I am not able to sign in to my trading account any more and I am sure that I have been scammed.
Do not pay any more fees and taxes as this is part of the scam to steal more of your money. Only the government in the country where you live can request for you to pay taxes on investments. I recommend you start to take screen shots of everything for your records (emails, chat apps, profile pics, trading account, website, etc.) You can file a complaint with the FCA online and below are links.


 

Edita

Recruit
Messages
6
Do not pay any more fees and taxes as this is part of the scam to steal more of your money. Only the government in the country where you live can request for you to pay taxes on investments. I recommend you start to take screen shots of everything for your records (emails, chat apps, profile pics, trading account, website, etc.) You can file a complaint with the FCA online and below are links.


Thank you for your reply. I have already done that and I am waiting for any news from them. I have also reported this to Action Fraud. I am trying to write everywhere to have any help and to tell everybody not to trust this company. I also tried to make an invitation of this company to try to solve this issue publicly, however there is no such a company in your list and my account does no longer exist. However I made screen shots of the sites and also communication with the broker. I communicated with him in Russian and his last writings are very scary to me.
 

Scam Reporters

Master Sergeant
Messages
464
While domain its self does not say much (China, Russia, USA)...

1623338606875.png

the 'company' behind this scam actually does: https://www.gmlitigationassistance....herwarnung-widdershins_group_ltd_finlay.shtml

name most probably stolen from UK dissolved entity: https://find-and-update.company-information.service.gov.uk/company/10327717

the 'registration' part 2020/IBC00080 is most informative:

24fintime https://24fintime.io/ru/accounts/standard/

AdamantFX https://vklader.com/adamantfx-otzyvy/

SupraTrade https://forex-scam.org/2021/01/18/psevdobroker-supratrade-moshenniki/

AxiomTrade https://zen.yandex.ru/media/id/5fce...lia-vashego-koshelka-608a6d3d6ce1a71dc8b50290

FinlayCapital https://finlay.capital/pl/contacts/


and so on probably.... never ending scam tales.
 

Edita

Recruit
Messages
6
While domain its self does not say much (China, Russia, USA)...

View attachment 65874

the 'company' behind this scam actually does: https://www.gmlitigationassistance....herwarnung-widdershins_group_ltd_finlay.shtml

name most probably stolen from UK dissolved entity: https://find-and-update.company-information.service.gov.uk/company/10327717

the 'registration' part 2020/IBC00080 is most informative:

24fintime https://24fintime.io/ru/accounts/standard/

AdamantFX https://vklader.com/adamantfx-otzyvy/

SupraTrade https://forex-scam.org/2021/01/18/psevdobroker-supratrade-moshenniki/

AxiomTrade https://zen.yandex.ru/media/id/5fce...lia-vashego-koshelka-608a6d3d6ce1a71dc8b50290

FinlayCapital https://finlay.capital/pl/contacts/


and so on probably.... never ending scam tales.
Thank you very much for the information.
 

FxMaster

Lt. Colonel
Messages
10,221
Do not pay any more fees and taxes as this is part of the scam to steal more of your money. Only the government in the country where you live can request for you to pay taxes on investments. I recommend you start to take screen shots of everything for your records (emails, chat apps, profile pics, trading account, website, etc.) You can file a complaint with the FCA online and below are links.


Let's start with adding your story as a review https://www.forexpeacearmy.com/forex-reviews/19017/toptrade.group and then follow the below suggestions.

First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

Note: The invitation button will be enabled when your first post reaches 4 days old.
Note 2: Make sure to share your account number (Only account number). Many time this help companies to find out you are genuine or not.
Note 3: Make sure to follow the suggestions correctly, when you do it correctly you will get the below message in your thread automatically.

OP Screen shot.jpg
 

Edita

Recruit
Messages
6
Let's start with adding your story as a review https://www.forexpeacearmy.com/forex-reviews/19017/toptrade.group and then follow the below suggestions.

First of all, invite the company by using the invite company option to your thread. And if you are unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.

Note: The invitation button will be enabled when your first post reaches 4 days old.
Note 2: Make sure to share your account number (Only account number). Many time this help companies to find out you are genuine or not.
Note 3: Make sure to follow the suggestions correctly, when you do it correctly you will get the below message in your thread automatically.

OP Screen shot.jpg
I have already posted a review. Thank you very much for you assistance.
 
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