WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

TOP1 Markets

Cayman Islands|5-10 years|
Appointed Representative(AR)|High potential risk|

http://www.top1markets.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Top1Group-Demo

Hong Kong
MT5
6

Influence

A

Influence index NO.1

Netherlands 7.42
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
Top1Group-Demo MT5
Server Location Hong Kong

Influence

Influence

A

Influence index NO.1

Netherlands 7.42

Surpassed 48.77% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 2 61720053
cs@top1markets.com
http://www.top1markets.com
Buckingham Square, Phase 2, 2nd FI, 720 West Bay Road, George Town, Grand Cayman, Cayman Islands.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
TOP1 Markets

Contact number

English

+61 2 61720053

Other ways of contact

Broker Information

More

Company Name

TOP 1 MARKETS PTY LTD

Abbreviation

TOP1 Markets

Platform registered country and region

Cayman Islands

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-10-10
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

TOP1 Markets · WikiFX Survey
Danger A Visit to TOP1 Markets in Australia – No Office Found
Australia

Users who viewed TOP1 Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

HFM

8.27
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

Decode Global

8.37
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website
Sources
Language
Mkt. Analysis
Creatives

TOP1 Markets · Company Summary

General Information

TOP1 Markets Review Summary in 10 Points
Founded2019
Registered Country/RegionCayman Islands
RegulationASIC
Market InstrumentsForex, Commodities, Indices, Stocks, Crypto
Demo AccountAvailable
Leverage1:1000
EUR/USD Spread0.6 pips
Trading PlatformsMT5, WebTrader
Minimum deposit$20
Customer Support24/7 multilingual live chat, phone, email

What is TOP1 Markets?

TOP 1 Markets is the retail brand of TOP1 Group. These include TOP1 MARKETS PTY LTD and TOP1 MARKETS LIMITED. These companies provide services under the framework of their local regulations and have their own licenses and service operating permits. TOP 1 Markets is a forex and CFD broker registered in the Cayman Islands and regulated by the Australian Securities and Investments Commission (ASIC, License No. 001276870). The broker offers a range of financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies through MT5 and WebTrader, as well as rich educational materials and 24/7 multilingual customer support.

What is TOP1 Markets?

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

TOP1 Markets has several advantages, including regulation by a reputable authority, offering a range of trading instruments and account types, providing multilingual customer support, and offering educational resources to its clients.

However, there are some potential drawbacks, for example, clients from the United States, Singapore, Hong Kong, Belgium, Iran, and North Korea are not accepted.

ProsCons
• Regulated by ASIC• Clients from the United States, Singapore, Hong Kong, Belgium, Iran, and North Korea are not accepted
• Segregated accounts
• Negative balance protection
• Wide range of instruments
• MT5 supported
• Low minimum deposit requirement
• Multilingual customer support

TOP1 Markets Alternative Brokers

    There are many alternative brokers to TOP1 Markets depending on the specific needs and preferences of the trader. Some popular options include:

    • BlackBull Markets - A regulated broker with competitive pricing, excellent trading platforms, and strong customer support.
    • ActivTrades - A well-established broker with a wide range of instruments, good trading platforms, and 24/5 multilingual customer support.
    • Global Prime - A reputable broker with transparent pricing, multiple trading platforms, and excellent customer service.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is TOP1 Markets Safe or Scam?

Being regulated by the Australia Securities & Investment Commission (ASIC) and offering segregated accounts and negative balance protection are all positive factors indicating that TOP1 Markets is a safe broker. However, it is important to note that no broker is completely risk-free, and traders should always exercise caution and do their own research before investing with any broker.

Market Instruments

TOP1 Markets offers 100+ Instruments for trade, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. Traders can access the most popular currency pairs, including major, minor, and exotic crosses. Commodities such as Gold, Silver, and Crude Oil are also available for trading. In terms of indices, TOP1 Markets offers popular global indices such as the US30, UK100, and DE30.

Furthermore, traders can also access popular stocks such as Apple, Amazon, and Microsoft, among others. Finally, The broker also offers crypto trading, including Bitcoin, Ethereum, Litecoin, and Ripple, among others. Overall, TOP1 Markets provides a wide range of trading instruments to cater to the diverse needs of its traders.

Market Instruments

Accounts

TOP1 Markets offers free demo accounts as well as three live account types to cater to the different trading needs of its clients. The ECN Account is suitable for both novice and advanced investors, while the Premium Leverage Account is geared towards more aggressive clients who are willing to take higher risks for the potential of higher returns. For those who cannot earn or pay interest due to religious reasons, the Islamic Account is available. All three account types have a low minimum deposit requirement of $20, making it accessible to traders of all levels.

BrokerECN AccountPremium Leverage AccountIslamic Account
Monetary BaseUSD
Leverage1:100/1:2001:10001:100/1:200
Minimum deposit amount$20
Spread0.6 pips1 pip0.6 pips
Daily Management FeeNo
Swap (Overnight) InterestYes
Maximum transaction lot per order20120
Minimum transaction lot per order0.01
Stop-Out Level50.00%Intraday100.00%(Stop out will execute at half an hour before weekend market closed.)5.00%Intraday500.00%(Stop out will execute at half an hour before weekend market closed.)50.00%Intraday100.00%(Stop out will execute at half an hour before weekend market closed.)
Maximum PositionUnlimited1Unlimited
Execution SpeedOrder executed in 1ms

Leverage

The leverage set by the TOP1 Markets is up to 1:100/1:200 for the ECN Account and the Islamic Account. The Premium Leverage Account offers the maximum leverage up to 1:1000, and it should be careful when using such high leverage.

Spreads & Commissions

The spread in the ECN and Islamic Account is as low as 0.6 pips, while in Premium Leverage Account is 1 pip. All charging no commissions.

Below is a comparison table about spreads and commissions charged by different brokers:

BrokerEUR/USD SpreadCommissions
TOP1 Markets0.6-1 pipNo
BlackBull Markets0.1-0.8 pipNo
ActivTrades0.5 pipNo
Global Prime0.0-0.1 pipAUD 7 round turn lot fee

Note: The spread and commission data is subject to change and may vary depending on account type and trading conditions. Please check with the broker for the latest information.

Trading Platforms

TOP1 Markets offers two trading platforms for clients, including the widely used MetaTrader 5 (MT5) platform and a proprietary WebTrader. These platforms are available for PC, iOS, and Android devices, providing clients with a seamless trading experience across multiple devices.

The MT5 platform is equipped with advanced charting tools, a wide range of technical indicators, and the ability to execute trades directly from the charts. The WebTrader, on the other hand, is a browser-based platform that can be accessed from any device with an internet connection, making it a convenient option for traders who prefer not to download software onto their devices. Both platforms also feature a user-friendly interface, real-time market updates, and customizable trading settings.

Trading Platforms
Trading Platforms
Trading Platforms
Trading Platforms comparison

Overall, TOP1 Markets' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

BrokerTrading Platforms
TOP1 MarketsWebTrader, MT5
BlackBull MarketsMT4, MT5
ActivTradesMT4, MT5, ActivTrader, WebTrader
Global PrimeMT4, MT5, MyFXBook Autotrade

Deposits & Withdrawals

Information on deposits and withdrawals is not mentioned on Top1 Markets website currently. It's essential for any broker to be transparent about their payment options and fees. The lack of information on their website may raise concerns for potential clients, especially when it comes to trusting the broker with their funds. It's recommended that clients reach out to TOP1 Markets' customer support for clarification on deposit and withdrawal methods and fees before opening an account.

TOP1 Markets minimum deposit vs other brokers

TOP1 MarketsMost other
Minimum Deposit$20$100

See the fee comparison table below:

BrokerDeposit FeeWithdrawal Fee
TOP1 MarketsNot mentionedNot mentioned
BlackBull MarketsNoneNone
ActivTradesNoneNone
Global PrimeNoneNone

Please note that these fees may be subject to change and may vary depending on the deposit/withdrawal method used. It is recommended to check with the brokers directly for the most up-to-date information.

Customer Service

TOP1 Markets provides extensive support and assistance to its clients in 11 languages: English, Simplified Chinese, Traditional Chinese, Thai, Vietnamese, Spanish, Malay, Korean, Indonesian, Tamil and Hindi. The customer service is available 24/7 via live chat, phone and email. Besides, you can follow them on some social networks including Twitter, Telegram and Facebook. The availability of a FAQ section is also a useful resource for clients.

Customer Service

Overall, TOP1 Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

ProsCons
• 24/7 multilingual supportN/A
• Live chat available
• Social media presence for additional support
• FAQ section available for quick answers

Note: The information provided is based on online research and may not be exhaustive or fully up-to-date.

Education

TOP1 Markets offers a range of educational resources for traders of all levels, including beginner courses on trading basics and terms, as well as more advanced topics such as technical and fundamental analysis. Their online courses consist of a combination of articles and videos that are easy to understand and cover a wide range of trading-related topics. They also provide market analysis to keep traders up-to-date with the latest market news and trends. Overall, TOP1 Markets' educational resources are comprehensive and designed to help traders improve their skills and knowledge.

Education

Conclusion

In conclusion, TOP1 Markets is a regulated broker that offers a variety of trading instruments and account types suitable for different trading strategies. Their MT5 trading platform is user-friendly and accessible on various devices. Additionally, they provide multilingual customer support and educational resources for traders.

However, online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Frequently Asked Questions (FAQs)

Q 1:Is TOP1 Markets regulated?
A 1:Yes. It is regulated by Australia Securities & Investment Commission (ASIC).
Q 2:At TOP1 Markets, are there any regional restrictions for traders?
A 2:Yes. The information on their website is not aimed at residents of the United States, Singapore, Hong Kong, Belgium, Iran, and North Korea.
Q 3:Does TOP1 Markets offer demo accounts?
A 3:Yes.
Q 4:Does TOP1 Markets offer the industry-standard MT4 & MT5?
A 4:Yes. It supports MT5 and WebTrader.
Q 5:What is the minimum deposit for TOP1 Markets?
A 5:The minimum initial deposit to open an account is $20.
Q 6:Is TOP1 Markets a good broker for beginners?
A 6:Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT5 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

News

US data slightly lower than expected, gold staged a"Deep v" rebound!

NewsUS data slightly lower than expected, gold staged a"Deep v" rebound!

2024-08-30 09:17

Spot gold plunged to 2,504 after strong US economic data, but ended up 0.68 per cent after a “Deep v” rally as Powell hinted at the possibility that the Fed would cut interest rates in September, at $2,521.00 an ounce. Spot Silver ended up 1.15 per cent at $29.44.

WikiFX
2024-08-30 09:17
News
US data slightly lower than expected, gold staged a"Deep v" rebound!
Gold insurance defends 2500 barrier, Nvidia after the market fell 8% !

NewsGold insurance defends 2500 barrier, Nvidia after the market fell 8% !

2024-08-29 10:17

Nvidia's revenue guidance was a mixed bag, dropping as much as 8% in after-hours trading. The company said on Wednesday that third-quarter revenue would be about $32.5 billion. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. It is working to address production hurdles for the much-anticipated next-generation Blackwell chip. Lower revenue led to investors continue to be bearish, Bearish Nvidia.

WikiFX
2024-08-29 10:17
News
Gold insurance defends 2500 barrier, Nvidia after the market fell 8% !
US dollar index fell to the lowest point in more than a year, spot gold continued to gain three consecutive positive!

NewsUS dollar index fell to the lowest point in more than a year, spot gold continued to gain three consecutive positive!

2024-08-28 08:46

Board members overseeing the Chicago and New York fed voted in July to cut the discount rate by 25 basis points, according to minutes of the Fed's discount rate meeting. In last month's vote, 10 of the 12 regional fed's wanted to keep the discount rate at 5.5% , while the Chicago and New York Fed wanted to cut it to 5.25% . As the timing of the rate cut approaches, the dollar index is likely to fall further.

WikiFX
2024-08-28 08:46
News
US dollar index fell to the lowest point in more than a year, spot gold continued to gain three consecutive positive!
WTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!

NewsWTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!

2024-08-27 09:06

The government in eastern Libya has announced it will halt all oil production and exports. Crude oil supply decline, Lido crude oil.

WikiFX
2024-08-27 09:06
News
WTI crude jumped nearly 3% after the government in eastern Libya announced it would halt all oil production and exports!

Review 12

12 Comments
Write a comment
All(12) Latest Positive(4) Neutral(1) Exposure(7)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com