TOP1 Markets is a forex broker registered in Australia in 2019, mainly providing investors with foreign exchange, commodities, stocks, indices trading services. The company's official website supports simplified Chinese, Traditional Chinese, English, Spanish, Portuguese, Japanese, Korean, Indonesian, Malay, Vietnamese, Thai, and Hindi as languages of use. In addition, the TOP1 Markets official website account registration page also supports simplified Chinese, traditional Chinese, English, Spanish, Portuguese, Japanese, Korean, Indonesian, Malay, Vietnamese, Thai, Hindi.
Company background:
TOP1 Markets official website information shows that the company and its affiliates TOPONE Group, TOP1 Markets LIMITED are registered in Australia, Cayman Islands and Vanuatu. A search on the Australian Securities and Investments Commission (ASIC) website revealed that the information that the company was incorporated in Australia was true and that the company held an ABN number on the Australian Business Register (ABN Lookup). However, the Cayman Islands General Registry and Vanuatu Financial Services Commission (VFSC) websites did not find any registration information related to TOPONE Group and TOP1 Markets LIMITED. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on November 11, 2021, and the domain name registration time has been more than 2 years ago.
Account Registration:
TOP1 Markets official website provides investors with real account, demo account registration links. The way to register a real account is: Click "Trade Now" in the upper right corner of TOP1 Markets official website, or "Start Trading Now" under "Trade" on the home page of TOP1 Markets official website to enter the account registration page, select or fill in the country, telephone number, telephone verification code, password and other information as required. You can complete the real account registration. The registration method of Demo Account is: click "Try Free Demo Account" under "Trade" on the homepage of TOP1 Markets official website to enter the account registration page, select or fill in the country, telephone number, telephone verification code, password and other information according to the requirements, you can complete the demo account registration. In addition, the TOP1 Markets official website account registration page supports simplified Chinese, Traditional Chinese, English, Spanish, Portuguese, Japanese, Korean, Indonesian, Malay, Vietnamese, Thai, Hindi.
Account Type:
TOP1 Markets official website information shows that the company provides investors with ECN Account, High Leverage Account, Islamic account three types of trading account. In addition, the TOP1 Markets website also provides the differences between these three accounts in terms of margin (leverage) ratio, spread, commission, overnight interest, single maximum trading unit, and forced closing ratio.
Trading Products:
TOP1 Markets provides investors with trading services for foreign exchange, commodities, stocks and indices, according to its official website. In addition, TOP1 Markets not only provides the specific trading products covered by forex, commodities, stocks and indices, as well as the spread of specific trading products under different account types, but also provides information such as overnight interest, minimum trading units, maximum trading units and commissions for specific trading products under different account types.
Margin ratio:
In addition to showing on the website that TOP1 Markets provides investors with a maximum margin (leverage) ratio of 1:1000, it also shows the margin (leverage) ratio information for different accounts in the "Account type".
Trading Hours:
The official website of TOP1 Markets does not provide information on the trading hours of specific trading products covered by forex, commodities, stocks and indices.
Deposits and Withdrawals:
Although TOP1 Markets explained some deposit and withdrawal problems in the "Help Center" of the official website, the official website of TOP1 Markets did not provide the deposit and withdrawal channels and methods it supports, nor did it provide the deposit and withdrawal currencies it supports, as well as information such as deposit and withdrawal time and fees.
Trading Software:
TOP1 Markets website information shows that the company provides investors with MetaTrader5 (MT5) trading software. The MT5 software from TOP1 Markets supports PC (Winodws/MacOS), Web and mobile (IOS/Android) versions. However, the Android version of MT5 software in some countries or regions, there are problems that can not be downloaded or downloaded installation speed is slow.
Other services:
TOP1 Markets provides market analysis and education services for investors, according to its website. Among them, market analysis covers trading analysis, economic calendar, sentiment index, bank orders, ETF holdings, crude oil comments and many other aspects. Education includes online courses such as trading products, fundamentals, technical analysis, fundamental analysis, and training videos.
Regulatory information:
TOP1 Markets website information shows that the company holds the Australian Securities and Investments Commission (ASIC) Authorized Representative license (AR license). A query on the Australian Securities and Investments Commission (ASIC) website revealed that while the information that the company held BAILEYHENRY CAPITAL GROUP PTY LTD's Authorised Representative Licence (AR Licence) with ASIC was true, the AR licence had weaker regulatory and investor protection. More importantly, BAILEYHENRY CAPITAL GROUP PTY LTD sold Authorized representative licenses (AR licenses) to a number of similar companies, including TOP1 Markets PTY LTD. These businesses have no relationship with BAILEYHENRY CAPITAL GROUP PTY LTD and are merely promoting themselves using the Authorised Representative Licence (AR licence) purchased from BAILEYHENRY CAPITAL GROUP PTY LTD.
In addition, TOP1 Markets' website shows that its affiliate, TOP1 Markets LIMITED, is regulated or authorised by the Vanuatu Financial Services Commission (VFSC). The Vanuatu Financial Services Commission (VFSC) website did not find any regulatory or authorisation information for TOP1 Markets LIMITED.
Summary:
TOP1 Markets is suspected of fraud. A search on the Australian Securities and Investments Commission (ASIC) website revealed that the information that the company was incorporated in Australia was true and that the company held an ABN number on the Australian Business Register (ABN Lookup). However, the Cayman Islands General Registry and the Vanuatu Financial Services Commission (VFSC) website did not find any registration information for the company's affiliated companies, TOPONE Group and TOP1 Markets LIMITED.
In addition, while a query on the Australian Securities and Investments Commission (ASIC) website showed that the information that the company held an Authorised Representative licence (AR licence) with BAILEYHENRY CAPITAL GROUP PTY LTD under ASIC was true, the AR licence had weak regulatory and investor protection. More importantly, BAILEYHENRY CAPITAL GROUP PTY LTD sold Authorized representative licenses (AR licenses) to a number of similar companies, including TOP1 Markets PTY LTD. These businesses have no relationship with BAILEYHENRY CAPITAL GROUP PTY LTD and are merely promoting themselves using the Authorised Representative Licence (AR licence) purchased from BAILEYHENRY CAPITAL GROUP PTY LTD. The Vanuatu Financial Services Commission (VFSC) website did not find any regulatory or authorisation information on TOP1 Markets LIMITED, an affiliate of the company. According to this judgment, TOP1 Markets are suspected of fraud, and investors need to carefully choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
