Judging by some other Tosal reviews we read, this dubious website has changed for the worse. A lot has gone missing; there is no legal documentation, several links are broken, etc.
Yet, the digital asset exchange scam is still active, which is why we are doing the Tosal Review. This platform was not safe before and it’s definitely not safe now so please read our text to learn the truth about Tosal FX.
No, Tosal is not a regulated exchange. This is just a bogus website with no legal documentation whatsoever. No physical address, phone number, jurisdiction, nothing.
Tosal is also missing from the databases of other reputable financial market regulators around the world such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), BaFin (Germany), IIROC (Canada), etc.
This company robbed me of more than 180k through a romance scam and I am going through divorce due to the broken trust with my wife. I wish I should have checked more carefully before investing with the scammer’s suggestions.
Tosal fx is a fraudulent crypto broker,they do not grant withdrawals instead they withold your money and ask for more money in form of taxes and fees inorder to release your funds,don’t waste your time and keep contacting them…
It is not hard to understand how the Tosal scam works. This alleged digital asset exchange is essentially a trap; the platform is fake and most likely rigged. The scammer puts a lot of effort into persuading the trader to invest as much money as possible.
Based on the complaints we read, we conclude that Tosal is demanding traders pay illegal upfront fees. An exchange/broker can charge a withdrawal fee from the account balance but not demand that users pay additional money before performing their request.
This is precisely why this exchange is dangerous and why you must contact us to recover your funds.
We already proved that this fraudulent exchange has absolutely no authorization to provide services in the United States. And since Tosal is not compliant with the regulations and laws of the European Securities and Markets Authority, it cannot operate in Spain. Turkyie is also off-limits to anonymous scammers.
Tosal FX offers MetaTrader 5, the best trading software in the game. This amazing platform offers a wide range of cutting-edge features such as algorithmic trading, live market reports, and advanced charting.
Regarding the Tosal trading platform, the scammer uses a cunning trick to easily deceive novice traders. The MT5 download link on the exchange’s website is actually a demo version of the platform, which can also be downloaded from the platform’s official site.
Yes, unfortunately. It’s just another means the scammer utilizes. The MT5 can be used on Android and iOS mobile phones. Again, this is just the demo version of the platform so do not download it. There are many legitimate brokers that offer proper and full versions of advanced software.
According to the website, Tosal includes a variety of financial derivatives such as currency pairs, indices, precious metals and energies. Here is an overview of some allegedly available instruments:
Tosal promises two types of trading – opening and closing. Opening and closing positions are divided into two directions: buying and selling. The rest of the page explains some of the basics of trading but it’s not very coherent.
No, Tosal does not offer a risk-free demo account. This means that you cannot test out the platform and see the trading conditions such as the maximum leverage and spreads.
If you are a novice, opening a live account right away without experience will cost you! Especially if you decide to trade on an unregulated platform such as Tosal FX. All legitimate financial market providers offer a risk-free demo account.
Tosal did not disclose the available payment methods. In fact, there is absolutely no information about the deposit & withdrawal minimum requirements, fees, policy, processing time, etc.
Traders are left in the dark. Based on our experience, shady exchanges and brokers usually accepts payments only via cryptocurrencies. This method is convenient for them because it allows them to remain anonymous, plus these transactions are extremely hard to trace.
To sum up, Tosal is an anonymous scammer that hides behind the mask of a digital asset exchange. This entity is not regulated and the software offered is a demo version. Tosal’s main targets are traders from the US, Spain, and Turkyie.
If you are a victim of the Tosal scam, please contact us for help. Our experts can assist you with the chargeback process or trace your transaction using an advanced crypto-tracing software called CipherTrace.
Book your free consultation today and find out what the next step is.
Tosal is an anonymous scammer claiming to be providing legitimate exchange services. Call us if you have been scammed by Tosal.
No, Tosal is not regulated. This makes the alleged exchange extremely risky and dangerous.
Your hard-earned funds are not safe at all with Tosal. Please stay away from this financial swindler.
Tosal is an anonymous scammer claiming to be providing legitimate exchange services. Call us if you have been scammed by Tosal.
No, Tosal is not regulated. This makes the alleged exchange extremely risky and dangerous.
Your hard-earned funds are not safe at all with Tosal. Please stay away from this financial swindler.
The post Tosal Review: How We Exposed This Unregulated Exchange appeared first on Global Fraud Protection.
