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TOPMARKETCAP

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://topmarketcap.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Israel 2.49

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 290665418
support@topmarketcap.com
https://topmarketcap.com/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+61 290665418

Broker Information

More

Company Name

TOPMARKETCAP

Company Abbreviation

TOPMARKETCAP

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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TOPMARKETCAP · Company Summary

General Information & Regulation

TOPMARKETCAP, a trading name of TopMarketCap Limited, is allegedly a suspicious regulated forex broker based in China that claims to provide its clients with

Over 200 tradable financial instruments with flexible leverage up to 1:400 and variable spread on a web-based trading platform, as well as a choice of six different account types and 24/5 customer support service.

Market Instruments

TOPMARKETCAP advertises that it offers more than 200 instruments across 5 different asset classes in financial markets, including stocks, indices, forex currencies, commodities and cryptocurrencies, as well as numerous portfolios.

Account Types

There are six live trading accounts offered by TOPMARKETCAP, namely Self Management, Basic, Gold, Platinum, Diamond and Libra (Invitation only). Opening a Self Management account requires the minimum initial deposit amount of $250+, while the other five account types have much higher minimum initial capital requirements of $5,000+, $10,000+, $25,000+ and $50,000 respectively, as well as a Libra account about which no further information is given.

Account

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Self Management account can experience leverage of 1:100, the Basic, Gold, Platinum and Diamond accounts with a leverage of 1:200, 1:200, 1:300 and 1:400 separately. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Different account types can enjoy different spreads. In particular, Basic Spreads for the Basic account, Gold Spreads for the Gold account, Platinum Spreads for the Platinum account and Diamond Spreads for the Diamond account.

Trading Platform Available

Instead of the industry-standard MetaTrader4 and MetaTrader5 platforms, TOPMARKETCAP gives traders a web-based trading platform. However, when we click into the interface of the brokers trading platform, we get a message that tells us to try again later (see the below screenshot). Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

image.png

Deposit & Withdrawal

TOPMARKETCAP says to work with credit cards such as Visa and MasterCard, Bank Wire, as well as several forms of e-wallets like APM and EFT. The minimum deposit requirement is $//£250 and the minimum withdrawal amount is $100. The maximum deposit amount depends on the deposit method. In particular, the amount varies for deposits with credit cards and e-wallets, while for deposits via Bank Wire, the maximum deposit amount is unlimited.

Deposit

Customer Support

TOPMARKETCAPs customer support can be reached by telephone: Australia +61290665418, United Kingdom +442038075844, Austria +43720971073, email: support@topmarketcap.com, live chat or send messages online to get in touch. However, this broker doesnt disclose other more direct contact information like the company address that most brokers offer.

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FX1453114082
more than one year
From my personal experience, I wouldn't recommend TOPMARKETCAP as a trading platform. TOPMARKETCAP kept bothering me to invest with them for a while last year, but when I asked about their regulation info, they started cursing me out. I didn't feel comfortable investing with a company that couldn't provide me with straightforward answers about their legitimacy.
2023-03-28 21:08
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