Score
TOPONE Markets
Cayman Islands|5-10 years| http://www.top1markets.com
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
Top1Group-Demo
Influence
A
Influence index NO.1
Netherlands 7.42MT4/5 Identification
MT4/5 Identification
Full License
Hong KongInfluence
Influence
A
Influence index NO.1
Netherlands 7.42Contact
Licenses
Licensed Institution：TOP 1 MARKETS PTY LTD
License No.：001309512
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic Information
Cayman IslandsA Visit to TOP1 Markets in Australia – No Office Found
The survey team went to Australia to visit broker TOP1 Markets as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
AustraliaA Visit to TOP1 Markets in Australia – No Office Found
The survey team went to Australia to visit broker TOP1 Markets as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
AustraliaAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
top1market.com
Server Location
Singapore
Website Domain Name
top1market.com
Server IP
54.255.235.25
-
top1markets-my.com
Server Location
United States
Website Domain Name
top1markets-my.com
Server IP
108.160.170.45
-
top1markets.com
Server Location
United States
Website Domain Name
top1markets.com
Server IP
69.171.242.11
Genealogy
VIP is not activated.Company Summary
| TOP1 Markets Review Summary | |
| Founded | 2019-01-15 |
| Registered Country/Region | Cayman Islands |
| Regulation | Regulated |
| Market Instruments | Forex/Commodity/Index/Stock/Crypto |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | Very Low |
| Trading Platform | TOPONE Markets: Mobile(iOS/Android)MT5: Mobile(iOS/Android)/Tablet/PC(Mac OS/Windows)Web Trader: Web |
| Min Deposit | 20 USD |
| Customer Support(24/7) | Phone number: +61 2 61720053 |
| E-mail: cs@top1markets.com | |
| Facebook/Instagram/Twitter/LinkedIn | |
TOP1 Markets Information
TOP1 Markets is a CFD broker that specializes in CFD trading services in forex, commodities, indexes, equities, and cryptocurrencies. The broker also provides four accounts with a maximum leverage of 1:1000. The minimum deposit is 20 USD. Traders can trade using MT5 through TOP1 Markets and experience 24/7 customer support. However, some people have voiced that it has withdrawal issues.
Pros and Cons
| Pros | Cons |
| Demo account available | Negative comments about difficulty in withdrawal |
| 24/7 customer support | High max leverage |
| Regulated | No specific transfer method |
| MT5 available | Unspecific transfer time and fee information |
| Various tradable instruments | |
| Commission free |
Is TOP1 Markets Legit?
TOP1 Markets is regulated by ASIC under license No.001309512 and License Type Appointed Representative(AR), making it safer than unregulated. It also claims to be regulated by the VFSC, but no regulatory information for this broker can be found on this regulator.
What Can I Trade on TOP1 Markets?
TOP1 Markets offers various market instruments, including forex, commodity, index, stock, crypto, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodity | ✔ |
| Stock | ✔ |
| Crypto | ✔ |
| Index | ✔ |
Account Type
TOP1 Markets has four account types: ECN, Cent, Premium Leverage, and Standard. Traders who want very low spreads can choose an ECN account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.
| Account Type | ECN | Cent | Premium Leverage | Standard |
| Maximum Leverage | 1:500 | 1:500 | 1:1000 | 1:500 |
| Minimum Deposit(USD) | 20 | 20 | 20 | 20 |
| Average Spread | Very Low | Low | Medium | Low |
| Handling Fees | None | None | None | None |
| Overnight Swap | Pay&Clloect | Pay&Clloect | Pay&Clloect | Pay&Clloect |
| Swap Free(Islamic client) | ✔ | ✔ | ❌ | ✔ |
TOP1 Markets Fees
TOP1 Markets is a commission-free trading platform that charges extremely low spreads as trading fees. The investor may need to pay additional fees, such as overnight interest: Overnight Interest = Settlement Price × Contract Size × Lot Size (Long / Short) × Days × Overnight Interest Rate (Long / Short) ÷ 360.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
Traders can conduct financial activities in MT5 available on mobile, tablet, and PC. Traders with rich experience are more suitable for using MT5. TOP1 Markets also provides a propriety and Web trader trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| TOPONE Markets | ✔ | Mobile(iOS/Android) | All traders |
| MT5 | ✔ | Mobile(iOS/Android)/Tablet/PC(Mac OS/Windows) | Experienced traders |
| Web Trader | ✔ | Web | All traders |
Deposit and Withdrawal
The first deposit amount must be 20 USD or above. TOP1 Markets accepts online banking transfers, Mastercard, mobile banking transfers, and cryptocurrency payments for deposits.
Under normal circumstances, we do not charge any withdrawal fees to investors. When the minimum limit amount ($20) and number of withdrawals (3 times) are violated, a $3 administrative fee will be charged for each withdrawal that exceeds the free withdrawal limit; When 50% (cumulative) of the investor's deposit amount has not been used to open a position or the deposit is not made by the investor himself, an administrative fee of up to 7% will be charged.
Keywords
- 5-10 years
- Regulated in Australia
- Appointed Representative(AR)
- MT5 Full License
- Regional Brokers
- High potential risk
News
Review Fed's Bostic Expects Two Rate Cuts This Year; Gold Hits $2954, New Record High!
Hot spot tracking The number of initial jobless claims in the United States for the week ending February 15 was slightly higher than expected, at 219,000, higher than the expected 215,000. The prev
2025-02-21 11:23
Review Trump Says Auto Tariffs to be Around 25%, Gold Rebounds to $2930!
Hot spot trackingTrump: The tariff rate on automobiles will be about 25%, and large chip and automobile-related companies will return to the United States. This news is bullish for the US dollar.Feds
2025-02-19 11:49
Review Dollar Index Continues to Weaken; Gold Rebounds Above $2900!
Hot spot trackingFed-Harker: Current economic conditions support keeping interest rate policy stable for now Bauman: We need to have stronger confidence that inflation is falling before we cut interes
2025-02-18 11:29
Review US "Scary Data" Unexpectedly Slows in January; Gold and Dollar Index Both Fall!
Hot spot trackingThe monthly rate of retail sales in the United States in January was -0.9%, the biggest drop since January 2024. This news is bearish for the US dollar.The Trump administration “loose
2025-02-17 11:50
Review Trump signs reciprocal tariff memorandum; gold approaches $2930!
Hot spot trackingTrump signs reciprocal tariff memorandum. He said shipping goods through other countries to avoid tariffs would not be acceptable. This news is bearish for the US dollar.The U.S. PPI
2025-02-14 11:35
Review Powell Reiterates No Rush to Adjust Interest Rates; Gold Plummets Over $40 in a Day!
Hot spot trackingIn response to US sanctions, Iran has threatened to close key oil transport routes. This news is bullish for crude oil.European Commission President Ursula von der Leyen: Firm and pro
2025-02-12 11:58
Review 12
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Review 12
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FX5567309612
Thailand
Unable to withdraw funds from the account.
Exposure
2024-03-29
F4514
United States
Deposits are fast, but withdrawals require waiting. The advisory system is quite poor. Low quality... Please be aware before putting your hard-earned money here.
Exposure
2023-12-28
FX2312174848
Hong Kong
This fraud platform induce to buy XAU and Forex via other dating platform. After making profit, it is required to pay eighty thousands income tax. Withdrawal will be denied by various reasons, leading 180000 of my principle cannot be withdrawn.
Exposure
2022-05-20
宮商角徵羽
Hong Kong
Unable to withdraw. Forced liquidation. Its score on the appstore was fake and continued to cheat more users.
Exposure
2021-09-07
FX7187614982
Hong Kong
Liar Liar Liar! The following two platforms are one! a! Personnel manipulation! I closed my position at around 1729 in the spot XAU/USD last night, which allowed the margin ratio to rise a lot. I woke up in the morning and saw that my total assets became negative. I thought that gold fluctuated a lot at night, because I couldn’t see it. When I arrived at the time-sharing chart, I took a look at the system's liquidation list. At first glance, it turned out to be 1731. If the margin is sufficient, the position is closed maliciously, and the personnel operate! Liar platform, don't invest money!
Exposure
2021-03-27
是鸡蛋呀
Hong Kong
Fake trade! Maliciously close positions! The close price is lower than the lowest offer price! Malicious manipulation! I suspect that the closed positions before were manipulated manually! A fraud! You can't operate when the market fluctuates! Bad attitude of the customer service!
Exposure
2021-03-05
oy93379
Hong Kong
After the system liquidated the order, it was restored again, and the authenticity of the platform restoration order was seriously doubted.
Exposure
2021-01-18
FX1051863289
Malaysia
I haven’t decided to start real trading. It seems too difficult for me. I'm afraid I will lose money. So I just want to learn more knowledge first. The educational videos provided by this broker look good, and I’m ready to follow them and learn by myself. But I saw that the reputation of this broker on the Internet seems to be very terrible...
Neutral
2022-11-25
hd7108
United Arab Emirates
I have to say, it's a quite positive trading experience. Their trading signals are accurate and their execution is swift. The demo account and tutorials were very helpful for newbies like me to get started.
Positive
2024-08-14
Varry
Belarus
TOP1 Markets gets a thumbs up from me when it comes to their Demo Account and Regulation! Their Demo Account is a great way to practice trading risk-free, perfect for beginners or anyone wanting to test out new strategies. And with a solid regulatory framework in place, you can trade with confidence knowing your funds are safe and secure.😀
Positive
2024-07-22
Andyo
United States
I'm really liking it!! The trading costs are super low with no commissions, and the spreads are tight. The social trading feature is awesome because you can learn from top traders. They also offer a hefty $100,000 demo account to practice risk-free, which is perfect for our newbies.
Positive
2024-06-04
Hufangu
Thailand
The lowest spread I've traded on this platform for EURUSD pairs is 0.6 pips, which I'm pretty happy with. The order execution is also very fast. The customer service staff is very professional and patient, but the withdrawal is not as fast as they promised. It has been 4 working days and my money has not arrived yet.
Positive
2022-12-14