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5-10 years Full License
LicensesLicensed Entity：TOP 1 MARKETS PTY LTD
License No. 001309512
Warning: Low score, please stay away!
Cayman Islands
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
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| TOP1 Markets Review Summary | |
| Founded | 2019-01-15 |
| Registered Country/Region | Cayman Islands |
| Regulation | Regulated |
| Market Instruments | Forex/Commodity/Index/Stock/Crypto |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | Very Low |
| Trading Platform | TOPONE Markets: Mobile(iOS/Android)MT5: Mobile(iOS/Android)/Tablet/PC(Mac OS/Windows)Web Trader: Web |
| Min Deposit | 20 USD |
| Customer Support(24/7) | Phone number: +61 2 61720053 |
| E-mail: cs@top1markets.com | |
| Facebook/Instagram/Twitter/LinkedIn | |
TOP1 Markets is a CFD broker that specializes in CFD trading services in forex, commodities, indexes, equities, and cryptocurrencies. The broker also provides four accounts with a maximum leverage of 1:1000. The minimum deposit is 20 USD. Traders can trade using MT5 through TOP1 Markets and experience 24/7 customer support. However, some people have voiced that it has withdrawal issues.
| Pros | Cons |
| Demo account available | Negative comments about difficulty in withdrawal |
| 24/7 customer support | High max leverage |
| Regulated | No specific transfer method |
| MT5 available | Unspecific transfer time and fee information |
| Various tradable instruments | |
| Commission free |
TOP1 Markets is regulated by ASIC under license No.001309512 and License Type Appointed Representative(AR), making it safer than unregulated. It also claims to be regulated by the VFSC, but no regulatory information for this broker can be found on this regulator.
TOP1 Markets offers various market instruments, including forex, commodity, index, stock, crypto, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodity | ✔ |
| Stock | ✔ |
| Crypto | ✔ |
| Index | ✔ |
TOP1 Markets has four account types: ECN, Cent, Premium Leverage, and Standard. Traders who want very low spreads can choose an ECN account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.
| Account Type | ECN | Cent | Premium Leverage | Standard |
| Maximum Leverage | 1:500 | 1:500 | 1:1000 | 1:500 |
| Minimum Deposit(USD) | 20 | 20 | 20 | 20 |
| Average Spread | Very Low | Low | Medium | Low |
| Handling Fees | None | None | None | None |
| Overnight Swap | Pay&Clloect | Pay&Clloect | Pay&Clloect | Pay&Clloect |
| Swap Free(Islamic client) | ✔ | ✔ | ❌ | ✔ |
TOP1 Markets is a commission-free trading platform that charges extremely low spreads as trading fees. The investor may need to pay additional fees, such as overnight interest: Overnight Interest = Settlement Price × Contract Size × Lot Size (Long / Short) × Days × Overnight Interest Rate (Long / Short) ÷ 360.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Traders can conduct financial activities in MT5 available on mobile, tablet, and PC. Traders with rich experience are more suitable for using MT5. TOP1 Markets also provides a propriety and Web trader trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| TOPONE Markets | ✔ | Mobile(iOS/Android) | All traders |
| MT5 | ✔ | Mobile(iOS/Android)/Tablet/PC(Mac OS/Windows) | Experienced traders |
| Web Trader | ✔ | Web | All traders |
The first deposit amount must be 20 USD or above. TOP1 Markets accepts online banking transfers, Mastercard, mobile banking transfers, and cryptocurrency payments for deposits.
Under normal circumstances, we do not charge any withdrawal fees to investors. When the minimum limit amount ($20) and number of withdrawals (3 times) are violated, a $3 administrative fee will be charged for each withdrawal that exceeds the free withdrawal limit; When 50% (cumulative) of the investor's deposit amount has not been used to open a position or the deposit is not made by the investor himself, an administrative fee of up to 7% will be charged.
Do you think that TOPONE Markets’ forex trading rules need to change? Do these rules prevent you from earning profits? Does the forex broker adopt a dubious approach by ensuring fast deposits but delayed withdrawals? Have you witnessed forced liquidations of forex positions by the Cayman Islands-based broker? In this TOPONE Markets review guide, we have shared several complaints against the broker. Read on!
TopOne Markets claims to offer forex and CFD trading, but its lack of regulation, poor 2.24/10 WikiFX rating, and user complaints about withdrawals raise red flags.
In this article, we will conduct a comprehensive examination of TOPONE Markets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
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Yes, traders are legit and safe to trade with TOPONE Markets, it is regulated by ASIC, and the license number is 001309512.
The minimum deposit at TOPONE Markets is $20, which is a low barrier to entry among brokers and facilitates many investors who may not have a lot of money to start their trading activities.
TOPONE Markets' official website only says spreads are low or very low, without disclosing specific figures.
The broker does charge an administrative fee for withdrawals beyond the free limit (more than 3 withdrawals per month or below the $20 limit), and may charge up to 7% if certain conditions are met.
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plotgg
India
First the stupid rule of 3 minutes. This is done to ensure you will never gain profit. I scalp , especially during news releases When my account made over 100% within the week, they blocked my login without any email or a call. When I contacted CS, they said illegal operations. Well, if you losses,nothing illegal. If you win, every trick on the books will apply. If you are really legit a broker, this won't be the case
Exposure
oy93379
China
After the system liquidated the order, it was restored again, and the authenticity of the platform restoration order was seriously doubted.
Exposure
是鸡蛋呀
China
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
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
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
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
FX5567309612
Thailand
Unable to withdraw funds from the account.
Exposure
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
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
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
FX2312174848
China
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
宮商角徵羽
China
Unable to withdraw. Forced liquidation. Its score on the appstore was fake and continued to cheat more users.
Exposure
FX7187614982
China
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