Topminners is a CFD broker with a domain name registered on July 24, 2023. This broker primarily provides investment services in trading markets such as forex, digital currencies, precious metals, commodities, and funds for retail and institutional clients. It does not offer services to countries and regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
Public information on the Topminners website (www.topminners.com) indicates that the services provided are regulated by financial regulatory authorities under U.S. jurisdiction. However, it does not disclose any registration details of the company entity or regulatory registration information. Additionally, the Terms of Service on the website state that any litigation arising from the terms must be conducted in Canadian courts exclusively.
Upon investigation, no registration information for a company named Topminners was found in databases of the National Futures Association (NFA), the Financial Industry Regulatory Authority (FINRA), the U.S. Securities and Exchange Commission (SEC), the Canadian Business Registry, or the Canadian Investment Regulatory Organization (CIRO).
Therefore, Topminners (www.topminners.com) is suspected of false advertising and is, in fact, an unregulated scam broker website.
Account Opening Process
To open a trading account with Topminners, visit their website, click "REGISTER NOW" on the homepage or "Join Now" in the top right corner to go to the account registration page. Fill in the required personal information such as name and email address, set a login password, and submit. After verification, the account will be successfully registered.
Investment Plans
Topminners offers three investment plans: BASIC PLAN, STANDARD PLAN, and GOLDEN Plan.
BASIC PLAN:
- Trading Cycle: 30 days
- Minimum Deposit: $200
- Maximum Deposit: $4,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 10%
STANDARD PLAN:
- Trading Cycle: 30 days
- Minimum Deposit: $5,000
- Maximum Deposit: $9,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 12.5%
GOLDEN PLAN:
- Trading Cycle: 30 days
- Minimum Deposit: $10,000
- Maximum Deposit: Unlimited
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Weekly Return: 20%
Trading Platform:
Topminners offers a self-developed trading platform, but it does not provide detailed information about it, and it is limited to the web version.
Deposits and Withdrawals:
Topminners supports deposits and withdrawals through various cryptocurrencies.
Summary:
Traderknows reminds investors that topminners is a scam broker luring investors with promises of high returns but is actually unregulated. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
