topforexechange.com is a CFD broker website registered on September 13, 2023. This broker primarily provides investment services in trading markets such as forex, commodities, indices, stocks, and digital currencies. It does not offer services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
The company's registration certificate displayed on the homepage of topforexechange.com indicates that the broker is registered in the UK with company registration number 764643562. However, clicking on the "View License Page" at the bottom of the image redirects to the UK Companies House, where a company named "COIN MARKET MANAGER LTD" is shown, and this company is currently in bankruptcy liquidation.
Additionally, the "About" page on its official website shows another company named "IFM," which is claimed to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not provide a specific license number.
After investigation, the UK Companies House does not list any company with registration number 764643562. While ASIC does show multiple regulated entities named IFM, none have any connection to topforexechange.com.
Therefore, topforexechange.com is essentially a fraudulent broker website with no corporate entity or regulatory oversight.
Trading Instruments
topforexechange.com offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, renowned for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. Exploring popular indices can uncover diverse trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading spans key global resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations and dividends of public companies without holding the actual shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the chance to profit from highly volatile assets.
Account Opening Process
The account opening process at topforexechange.com involves visiting the broker's website, clicking the "Register" button at the top right corner, filling in personal information such as name, phone number, email address, and setting a login password. After submission, the account can be registered successfully upon verification.
Investment Plans
topforexechange.com offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Invest $100 to get $3,000
- Invest $300 to get $4,000
- Invest $400 to get $5,000
- Invest $500 to get $6,000
- Invest $600 to get $7,000
- Invest $700 to get $8,000
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Enjoy full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
topforexechange.com provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second through multiple liquidity providers.
Deposits and Withdrawals
topforexechange.com does not disclose its supported deposit and withdrawal methods on its official website.
Conclusion
Traderknows reminds investors that topforexechange.com is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation, and its contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
