Allied Top Forex Broker

Allied TopReview SummaryFounded2019Registered Country/RegionHong KongRegulationFCA (Suspicious Clone)Market Instruments170+, Forex, Metals, Stocks, Commodities, Indices, CryptocurrenciesDemo Account/LeverageUp to 1:500Spread (Forex)1.6 pips (Standard account)Trading PlatformMT5, Web TraderSocial Trading✅Min Deposit$0Customer SupportLive chatTel: +852 31041565Email: support@alliedtop.com.cnRegistered address: OFFICE/SUITE NO.9B22 2ND FLOOR TOWER 1 CHINA HONG KONG CITY KLPhysical address: 1105, 1F, Block A, No.1102 Huihe South Street, Banbidian Village, Gaobeidian Township, Chaoyang District, Beijing, China Founded in 2019, Allied Top is a Hong Kong-based online trading platform. It currently holds a suspicious clone Investment Advisory License under the FCA. Allied Top asserts it provides trading chances for 170+ items in six key asset classes: stocks, indices, commodities, forex, precious metals, and cryptocurrencies, with spread as low as 0.1 pips and a maximum leverage of up to 1:500.Pros and ConsProsConsVarious tradable assetsSuspicious clone FCA licenseNo commissionsLimited payment optionsMT5 availableNo minimum depositLive chat supportIs Allied Top Legit? No. Allied Top is suspected of being a fraudulent clone, claiming to be governed by the Financial Conduct Authority (FCA) and possessing an Investment Advisory License (No.586463).Regulated CountryRegulated AuthorityCurrent Status Regulated EntityLicense TypeLicense NumberFinancial Conduct Authority (FCA)Suspicious CloneBCS Prime Brokerage LtdInvestment Advisory License586463What Can I Trade on Allied Top? Allied Top provides trading chances for 170+ items in six primary asset classes, such as stocks, indices, commodities, FX, precious metals, and cryptocurrencies.Trading AssetAvailableforex✔metals✔commodities✔indices✔stocks✔cryptocurrencies✔bonds❌options❌ETFs❌Account Type/FeesAccount TypeStandardVIPPROMin Deposit$0$5 000$10000General Variety Spread3 pips2 pips1 pipForex Spread1.6 pips1 pip0.5 pipsCommission❌❌❌Leverage Allied Top offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced tradersWeb Trader✔Web/MT4❌/BeginnersTrading View❌/BeginnersDeposit and Withdrawal Allied Top accepts payments via wire transfer and debit card.