Tosta Global Limited is a CFD brokerage platform launched on September 14, 2024, with the official website domain tostaglobal.com. The platform primarily offers users CFD trading services in various financial products, including forex, precious metals, crude oil, indices, and cryptocurrencies.
Platform Features and Services
Trading Accounts
The trading account spreads provided by Tosta Global Limited start from 1 pip, with a maximum leverage of 1:400. However, the platform does not provide detailed information on the minimum deposit requirement, margin call ratio, or stop-loss margin. Additionally, there are no disclosed details about trading commissions or other fees.
Trading Platform
The platform offers users the ST5 trading platform, available on both desktop and mobile versions. According to the platform's description, ST5 features robust charting tools with over 50 technical indicators and intraday trading analysis tools.
However, when clicking on the mobile app download link provided on the official website, the App Store shows an app named RCICAI, while on Google Play it appears as RTHYUTG, which is inconsistent with the platform's description.
Trading Products
Tosta Global Limited offers investors a wide range of financial products across the following asset classes:
- Forex: Includes major currency pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Supports trading in gold (XAU/USD) and silver (XAG/USD).
- Crude Oil: Provides CFDs for US crude oil (UsOIL).
- Indices: Includes major global indices such as Nikkei 225 (N225), German DAX (GER30), and S&P 500 (US500).
- Cryptocurrencies: Lists various cryptocurrency pairs including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Deposit and Withdrawal Services
The platform does not provide detailed information regarding specific deposit and withdrawal methods on tostaglobal.com, especially concerning any applicable fees.
Customer Contact and Social Media
Currently, Tosta Global Limited does not have official accounts on major social media platforms such as Facebook, Instagram, or Twitter. Users can contact the platform through the online contact form on the website, email, or phone to receive support services.
Company Background and Regulatory Information
Company Background
According to the information published on tostaglobal.com, Tosta Global Limited is headquartered in London with a registered address at Studio 11, 7th Floor, One Canada Square, Canary Wharf, London, E14 5AA UK, and a registration number 07604372.
The platform also claims to be authorized and regulated by the Financial Conduct Authority (FCA) of the UK, with license number 564741.
Regulatory Status
Upon verification, the FCA website shows that the company with license number 564741 is actually Gildencrest Capital Limited, and the website registered is www.gildencrestcapital.co.uk, not tostaglobal.com.
Furthermore, the FCA has issued a warning notifying investors that Tosta Global Limited is not authorized or regulated by them and is a clone company impersonating Gildencrest Capital Limited.
Conclusion
Tosta Global Limited is a clone website impersonating the legitimately licensed UK broker Gildencrest Capital Limited. The site does not represent a genuine corporate entity and is not authorized by any legitimate regulatory body.
Risk Warning: CFD trading carries high risk since market volatility could lead to loss of principal. Leveraged trading not only amplifies profits but also potential losses. Therefore, investors should fully understand the associated risks before trading and make informed decisions based on their financial position and risk tolerance.
