TOSKY Forex Broker
Basic Information
Vanuatu
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Tosky Forex Broker - Complete Information Guide
1. Broker Overview
Tosky Broker, officially known as Tosky Finance Group, was established in 2020. The company is headquartered in Hong Kong, with additional offices in various global financial hubs. As a privately held entity, Tosky operates independently, focusing on providing trading services primarily in the forex and CFD markets.
The broker targets a diverse clientele, including individual retail traders and institutional investors, offering a range of financial instruments. Since its inception, Tosky has made significant strides in the trading industry, aiming to provide accessible trading solutions and competitive pricing.
Over the years, Tosky has achieved several milestones, including the development of its proprietary trading platform and the expansion of its product offerings. The company operates under a business model that combines retail forex trading with institutional services, catering to a wide range of clients.
2. Regulatory and Compliance Information
Tosky Broker is not currently regulated by any major financial authority, which raises concerns regarding the safety and security of client funds. This lack of regulation is a significant red flag for potential investors. The absence of oversight means that clients have limited recourse in case of disputes or issues with the broker.
Although Tosky claims to implement certain compliance measures, the specifics of their KYC (Know Your Customer) and AML (Anti-Money Laundering) policies remain vague. The company does not participate in any investor compensation schemes, which further complicates the safety of client deposits.
Tosky's operations are not bound by any specific regulatory framework, leading to questions about the protection of client funds. The broker's practices regarding fund segregation and the transparency of financial operations are not clearly defined, making it essential for potential clients to exercise caution.
3. Trading Products and Services
Tosky Broker offers a variety of trading products, including over 50 forex currency pairs, covering major, minor, and exotic currencies. In addition to forex, the broker provides access to a range of CFDs, including indices, commodities, stocks, and cryptocurrencies.
The broker frequently updates its product offerings, aiming to keep pace with market trends and client demands. Tosky also offers retail trading services, focusing on providing an intuitive trading experience for individual traders.
For institutional clients, Tosky Broker provides tailored solutions, including white-label services and asset management options. These services are designed to meet the specific needs of institutional investors, ensuring they have access to the tools and resources required for effective trading.
4. Trading Platforms and Technology
Tosky Broker supports the widely popular MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust trading features. Additionally, the broker has developed its proprietary web-based trading platform, providing clients with a seamless trading experience.
The broker offers mobile applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. Tosky's execution model is primarily STP (Straight Through Processing), which minimizes the potential for conflicts of interest and ensures faster trade execution.
The company boasts a solid technical infrastructure, with servers located in strategic financial centers to enhance trade execution speed and reliability. Tosky also provides API access for automated trading, catering to clients who prefer algorithmic trading strategies.
5. Account Types and Trading Conditions
Tosky Broker offers several account types to accommodate different trading styles and preferences. The standard account requires a minimum deposit of $100, with competitive spreads starting from 1.5 pips.
For more experienced traders, Tosky provides advanced account types, including VIP and professional accounts, which come with additional benefits such as lower spreads and dedicated account managers. The broker also offers Islamic accounts for clients who require Sharia-compliant trading options.
A demo account is available for new traders, allowing them to practice trading strategies without risking real capital. The leverage offered by Tosky varies depending on the asset class, with forex leverage reaching up to 1:500. The minimum trade size for standard accounts is 0.01 lots, enabling traders to manage their risk effectively.
6. Fund Management
Tosky Broker supports various funding methods, including bank transfers, credit cards, and e-wallets like Skrill and Neteller. The minimum deposit requirement varies by account type, but generally starts at $100.
Deposit processing times are relatively quick, typically completed within one business day. However, the broker does not charge any deposit fees, making it easier for clients to fund their accounts.
Withdrawal methods include bank transfers and e-wallets, with withdrawal processing times ranging from one to five business days. Tosky charges a nominal fee for withdrawals, which varies depending on the method used. Clients are advised to check the specific fee structure on the broker's website.
7. Customer Support and Educational Resources
Tosky Broker provides customer support through various channels, including phone, email, and live chat. The support team is available during business hours, covering multiple time zones to assist clients worldwide.
The broker offers multilingual support, catering to a diverse client base. Educational resources include webinars, tutorials, and e-books, designed to help traders improve their skills and knowledge.
Market analysis services are also available, providing clients with daily insights, news updates, and research reports to aid their trading decisions. Additionally, Tosky offers trading tools such as calculators and economic calendars to enhance the trading experience.
8. Regional Coverage and Restrictions
Tosky Broker primarily serves clients in Asia, Europe, and the Middle East. The broker has established regional offices in key financial markets to support its operations.
However, Tosky does not accept clients from certain jurisdictions, including the United States and Canada, due to regulatory restrictions. These limitations are essential for potential clients to consider when evaluating the broker's services.
In summary, Tosky Broker provides a range of trading products and services, but potential clients should be cautious due to the lack of regulation and transparency surrounding the broker's operations.
TOSKY Similar Brokers
Latest Reviews
FX6829196179
Hong Kong
The illegal platform uses high rebates and high profits to deceive me to deposit money. When I suffered losses, I was blacked out and I can't log in to the account. The service phone can't be gotten through. They deliberately defraud the client. I hope my funds can be taken back. The account number 45141, my number 147914804@qq.com
Exposure
2018-12-07
586107399
Hong Kong
In March 2018, I was invited to a stock exchange group, QQ group number: 861817428. The group manager is called Ling Feng, his QQ number is 630640607. At 8:30 every night, he will broadcast live in the exchange group, telling how to choose stocks. When I joined the group chat, they even charged me 200 yuan. By June 2018, the stock market fell. On June 21, 2018, Teacher Ling Feng sent me a screenshot of his profit in international forex trading. (I have chat history and screenshots). He lured me to open an international foreign exchange account, and recommended the qq number of the platform customer service (2466437232), the customer service nickname is "international market." I opened an account on the TOSKY platform with an account number of 46319. But I have never made a deposit. On September 10, 2018, Ling Feng has been tempted me to go to the platform for international foreign exchange transactions. On September 10, I deposited RMB 13,784 yuan through the 621 **** 202 **** 94038 Industrial and Commercial Bank account, equivalent to 2,000 US dollars. So Ling Feng began to give me investment guidance, and sometimes he would give us investment advice in the chat group. I had a small profit at the beginning, but after a serious loss, I stopped trading and applied for a deposit on September 18. Later, I was contacted by another person in the exchange group called "Laughter". The qq number is 969888234. After learning that I lost a lot, he said that he can help me earn back the money. But in fact, he is the man of Ling Feng. On September 26, I re-invested 23,956 yuan, equivalent to 3,470 dollars, following his guidance to do crude oil trading. In the early days, he made me earn a little profit. In the face of market volatility, he deliberately gave me the wrong direction of investment. I mainly invest in crude oil. The crude oil market has been falling since October 3, 2018, but he has always let me buy long, causing me to lose a lot. On October 18, 2018, he asked me to buy long crude oil and not let me set a stop loss order. Until October 21, 2018, crude oil fell more than 400 pips in a single day, and a friend's position in the chat group was liquidated. My position fell to 1.5 points, but he still told me not to stop. Later, the more I lost. My balance reduced from $3,470 to only $867, and I applied for a withdrawal. The platform has many problems, and the data they provide are inconsistent with international prices and spreads. They partnered with the swindlers to scam our investors. I have lost a total of 21,250 yuan. I have all kinds of evidence to prove it all. Ling Feng is still cheating in the yy live room!
Exposure
2018-11-29
FX1229426573
Hong Kong
The QQ 630****07 belongs to TOSKY which conned clients to buy their shares. After that, it will dismiss the group and delete you. It is simply a Ponzi Scheme. Be careful.
Exposure
2020-08-13