Tosta Global Limited is a CFD broker registered on May 14, 2024, primarily offering trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Company Registration and Regulatory Status:
Public information on the Tosta Global Limited website (tostagloballimited.com) shows that this broker is headquartered in London, UK, with the company entity's registration number 07604372. The company is authorized and regulated by the UK's Financial Conduct Authority (FCA), with license number 564741.
According to the broker’s website information, verification from the Companies House website indicates that the company registered under number 07604372 is GILDENCREST CAPITAL LIMITED, which is indeed authorized and regulated by the FCA with license number 564741. Therefore, Tosta Global Limited is actually a fraudulent website impersonating GILDENCREST CAPITAL LIMITED.
Additionally, the web design and content of Tosta Global Limited (tostagloballimited.com) are identical to those of fraudulent broker websites such as XCharter, CIFX 5, sesaFXCM, MorningST, sownotx, Gildencrest Capital, and others.
Account Opening Process:
Opening an account with Tosta Global Limited involves visiting their website, clicking "Register" on the homepage or top right corner, entering an email address, and setting a login password. The broker will then send a verification code to the provided email, which must be entered in the registration form. Once submitted, the account is successfully registered. Identity verification is required before deposits and trading can commence.
Trading Account Information:
Tosta Global Limited's website only publishes spread details. Information on account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, minimum price increments, trading leverage, margin call/stop-out levels, and contract sizes are not disclosed.
- Spreads: Floating spreads, starting from 1 pip
Trading Platform:
Tosta Global Limited offers the ST5 trading platform to its users, available on both desktop and mobile. This platform features over 50 technical indicators and intraday analysis tools, catering to advanced traders.
Deposits and Withdrawals:
Tosta Global Limited does not clearly specify the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that Tosta Global Limited is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like XCharter, CIFX 5, sesaFXCM, MorningST, sownotx, and Gildencrest Capital. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
