Score
TOP1 Markets
Cayman Islands|5-10 years| http://www.top1markets.com
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
Top1Group-Demo
Influence
A
Influence index NO.1
Netherlands 7.42MT4/5 Identification
MT4/5 Identification
Full License
Hong KongInfluence
Influence
A
Influence index NO.1
Netherlands 7.42Contact
Licenses
Licensed Institution：TOP 1 MARKETS PTY LTD
License No.：001309512
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic Information
Cayman IslandsA Visit to TOP1 Markets in Australia – No Office Found
The survey team went to Australia to visit broker TOP1 Markets as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
AustraliaA Visit to TOP1 Markets in Australia – No Office Found
The survey team went to Australia to visit broker TOP1 Markets as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
AustraliaAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Users who viewed TOP1 Markets also viewed..
ATFX
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
IronFX
- 15-20 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
AUS GLOBAL
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
VT Markets
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
top1market.com
Server Location
Singapore
Website Domain Name
top1market.com
Server IP
54.255.235.25
-
top1markets-my.com
Server Location
United States
Website Domain Name
top1markets-my.com
Server IP
108.160.170.45
-
top1markets.com
Server Location
United States
Website Domain Name
top1markets.com
Server IP
69.171.242.11
Genealogy
VIP is not activated.Company Summary
General Information
| TOP1 Markets Review Summary in 10 Points | |
| Founded | 2019 |
| Registered Country/Region | Cayman Islands |
| Regulation | ASIC |
| Market Instruments | Forex, Commodities, Indices, Stocks, Crypto |
| Demo Account | Available |
| Leverage | 1:1000 |
| EUR/USD Spread | 0.6 pips |
| Trading Platforms | MT5, WebTrader |
| Minimum deposit | $20 |
| Customer Support | 24/7 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.
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.
| Pros | Cons |
| • 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
- 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.
There are many alternative brokers to TOP1 Markets depending on the specific needs and preferences of the trader. Some popular options include:
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.
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.
| Broker | ECN Account | Premium Leverage Account | Islamic Account |
| Monetary Base | USD | ||
| Leverage | 1:100/1:200 | 1:1000 | 1:100/1:200 |
| Minimum deposit amount | $20 | ||
| Spread | 0.6 pips | 1 pip | 0.6 pips |
| Daily Management Fee | No | ||
| Swap (Overnight) Interest | Yes | ||
| Maximum transaction lot per order | 20 | 1 | 20 |
| Minimum transaction lot per order | 0.01 | ||
| Stop-Out Level | 50.00%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 Position | Unlimited | 1 | Unlimited |
| Execution Speed | Order 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:
| Broker | EUR/USD Spread | Commissions |
| TOP1 Markets | 0.6-1 pip | No |
| BlackBull Markets | 0.1-0.8 pip | No |
| ActivTrades | 0.5 pip | No |
| Global Prime | 0.0-0.1 pip | AUD 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.
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:
| Broker | Trading Platforms |
| TOP1 Markets | WebTrader, MT5 |
| BlackBull Markets | MT4, MT5 |
| ActivTrades | MT4, MT5, ActivTrader, WebTrader |
| Global Prime | MT4, 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 Markets | Most other | |
| Minimum Deposit | $20 | $100 |
See the fee comparison table below:
| Broker | Deposit Fee | Withdrawal Fee |
| TOP1 Markets | Not mentioned | Not mentioned |
| BlackBull Markets | None | None |
| ActivTrades | None | None |
| Global Prime | None | None |
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.
Overall, TOP1 Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.
| Pros | Cons |
| • 24/7 multilingual support | N/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.
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. |
Keywords
- 5-10 years
- Regulated in Australia
- Appointed Representative(AR)
- MT5 Full License
- Regional Brokers
- High potential risk
News
Review US Retail Sales Data Unexpectedly Declines; A Major Fed Governor Does Not Rule Out a Rate Cut in Mar
Hot spot trackingThe U.S. retail sales month-on-month rate unexpectedly fell to 0.4% in December, lower than the expected 0.6%, the lowest since August 2024. The number of initial jobless claims in th
2025-01-17 11:45
Review Core CPI unexpectedly fell in December, gold approached $2,700; Gaza ceasefire agreement arrived!
Hot spot trackingThe year-on-year growth rate of the overall CPI in the United States rebounded mildly to 2.9%, while the year-on-year growth rate of the core CPI unexpectedly fell from 3.3% last mont
2025-01-16 16:01
Review Dollar Pulls Back, Gold Edges Higher; PPI Data Surprises to the Downside!
Hot spot trackingThe U.S. PPI data for December fell short of expectations, but failed to ease inflation concerns. The annual rate was 3.3%, lower than the expected 3.4%. But it is higher than the pre
2025-01-15 11:46
Review Gold fell more than $30 during the day; the U.S. dollar index once hit the 110 mark!
Hot spot trackingNew York Fed survey: 1-year inflation expectations are 3%. Interest rate futures traders are pricing in less than a quarter-point rate cut from the Federal Reserve this year, or less
2025-01-14 12:00
Review Strong Non-Farm Payrolls Bombard the Market! Gold Prices on a "Roller Coaster"
Hot spot trackingThe number of non-farm jobs in the United States increased by 256,000 in December last year, far exceeding the expected 160,000; the unemployment rate unexpectedly fell to 4.1%; the a
2025-01-13 11:37
Review The U.S.’s “small non-farm payrolls” in December fell short of expectations; gold returned to 2,660$
Hot spot trackingThe U.S. “small non-farm” ADP employment figures in December were 122,000, lower than market expectations of 140,000, the lowest level since August 2024. The number of initial unemplo
2025-01-09 14:12
Review 12
Content you want to comment
Please enter...
Review 12
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX5567309612
Thailand
Unable to withdraw funds from the account.
Exposure
2024-03-29
F4514
United States
Deposits are fast, but withdrawals require waiting. The advisory system is quite poor. Low quality... Please be aware before putting your hard-earned money here.
Exposure
2023-12-28
FX2312174848
Hong Kong
This fraud platform induce to buy XAU and Forex via other dating platform. After making profit, it is required to pay eighty thousands income tax. Withdrawal will be denied by various reasons, leading 180000 of my principle cannot be withdrawn.
Exposure
2022-05-20
宮商角徵羽
Hong Kong
Unable to withdraw. Forced liquidation. Its score on the appstore was fake and continued to cheat more users.
Exposure
2021-09-07
FX7187614982
Hong Kong
Liar Liar Liar! The following two platforms are one! a! Personnel manipulation! I closed my position at around 1729 in the spot XAU/USD last night, which allowed the margin ratio to rise a lot. I woke up in the morning and saw that my total assets became negative. I thought that gold fluctuated a lot at night, because I couldn’t see it. When I arrived at the time-sharing chart, I took a look at the system's liquidation list. At first glance, it turned out to be 1731. If the margin is sufficient, the position is closed maliciously, and the personnel operate! Liar platform, don't invest money!
Exposure
2021-03-27
是鸡蛋呀
Hong Kong
Fake trade! Maliciously close positions! The close price is lower than the lowest offer price! Malicious manipulation! I suspect that the closed positions before were manipulated manually! A fraud! You can't operate when the market fluctuates! Bad attitude of the customer service!
Exposure
2021-03-05
oy93379
Hong Kong
After the system liquidated the order, it was restored again, and the authenticity of the platform restoration order was seriously doubted.
Exposure
2021-01-18
FX1051863289
Malaysia
I haven’t decided to start real trading. It seems too difficult for me. I'm afraid I will lose money. So I just want to learn more knowledge first. The educational videos provided by this broker look good, and I’m ready to follow them and learn by myself. But I saw that the reputation of this broker on the Internet seems to be very terrible...
Neutral
2022-11-25
hd7108
United Arab Emirates
I have to say, it's a quite positive trading experience. Their trading signals are accurate and their execution is swift. The demo account and tutorials were very helpful for newbies like me to get started.
Positive
2024-08-14
Varry
Belarus
TOP1 Markets gets a thumbs up from me when it comes to their Demo Account and Regulation! Their Demo Account is a great way to practice trading risk-free, perfect for beginners or anyone wanting to test out new strategies. And with a solid regulatory framework in place, you can trade with confidence knowing your funds are safe and secure.😀
Positive
2024-07-22
Andyo
United States
I'm really liking it!! The trading costs are super low with no commissions, and the spreads are tight. The social trading feature is awesome because you can learn from top traders. They also offer a hefty $100,000 demo account to practice risk-free, which is perfect for our newbies.
Positive
2024-06-04
Hufangu
Thailand
The lowest spread I've traded on this platform for EURUSD pairs is 0.6 pips, which I'm pretty happy with. The order execution is also very fast. The customer service staff is very professional and patient, but the withdrawal is not as fast as they promised. It has been 4 working days and my money has not arrived yet.
Positive
2022-12-14