TOPMARKET Forex Broker

Note: Regrettably, the official website of TOPMARKET, namely http://www.topfxmarket.com/en/, is currently experiencing functionality issues. TOPMARKET Review Summary Registered Country/Region United States Regulation NFA (Suspicious Clone) Market Instruments Foreign exchange (forex) currency pairs Leverage N/A EUR/ USD Spread N/A Trading Platforms MT4 Minimum Deposit N/A Customer Support Phone, email and QQ What is TOPMARKET？ TOPMARKET is allegedly registered in the United States and falls under the regulation of NFA, albeit labeled as a suspicious clone. Specializing in trading foreign exchange (forex) currency pairs, TOPMARKET operates on the renowned MT4 trading platform, offering customers access to a variety of market instruments. Despite providing customer support through phone, email, and QQ, the platform faces scrutiny due to the inaccessibility of its official website. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons MT4 supported NFA (Suspicious Clone) Inaccessible website Unclear trading conditions (spreads, commissions, swaps, accounts, funding methods) Limited trust and transparency Pros of TOPMARKET: - MT4 supported: TOPMARKET offers the widely used MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features, allowing traders to access a variety of tools for analysis and trading. Cons of TOPMARKET: - NFA (Suspicious Clone): TOPMARKET being labeled as a “Suspicious Clone” of NFA raises concerns about its legitimacy and trustworthiness in the financial industry, potentially leading traders to approach the platform with caution. - Inaccessible website: The inaccessibility of TOPMARKET's official website can create uncertainties and lack of transparency regarding their services, making it difficult for potential clients to gather essential information or conduct research. - Unclear trading conditions: TOPMARKET's lack of clarity around trading conditions, including spreads, commissions, swaps, accounts, and funding methods, may hinder traders from fully understanding the costs and terms associated with trading on the platform. - Limited trust and transparency: The combination of factors such as being labeled as a suspicious clone, inaccessible website, and unclear trading conditions contributes to a perception of limited trust and transparency surrounding TOPMARKET, potentially deterring traders from engaging with the platform due to concerns about security and reliability. Is TOPMARKET Safe or Scam？ The broker TOPMARKET's claim of being regulated by the National Futures Association (NFA) with license type “Common Financial Service License” and license number 0501583 is under suspicion of being a clone or fraudulent. This raises significant concerns about the legitimacy and reliability of the broker. Additionally, the inaccessibility of their official website further compounds these worries, as it indicates a lack of transparency and potential issues with their trading platform. These factors collectively contribute to a heightened level of risk for individuals considering investing with TOPMARKET. Assessing the risks versus the rewards, especially in light of the questionable regulatory claims and website accessibility issues, is essential for making an informed investment decision. Market Instruments TOPMARKET provides a range of trading instruments focused on foreign Exchange (Forex) currency pairs. These currency pairs allow traders to speculate on the relative value of one currency against another in the global foreign exchange market. - Major Currency Pairs: These pairs consist of the most traded currencies in the world, such as EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), GBP/USD (British Pound/US Dollar), and USD/CHF (US Dollar/Swiss Franc). - Minor Currency Pairs: These pairs include currencies from smaller or emerging economies, such as EUR/JPY (Euro/Japanese Yen), GBP/JPY (British Pound/Japanese Yen), and AUD/NZD (Australian Dollar/New Zealand Dollar). - Exotic Currency Pairs: These pairs involve one major currency and one currency from a developing or less frequently traded economy, such as USD/TRY (US Dollar/Turkish Lira), USD/ZAR (US Dollar/South African Rand), and EUR/TRY (Euro/Turkish Lira). - Cross Currency Pairs: These pairs do not involve the US Dollar and consist of two major currencies, such as EUR/GBP (Euro/British Pound), EUR/JPY (Euro/Japanese Yen), and GBP/JPY (British Pound/Japanese Yen). Trading Platforms TOPMARKET provides its clients with the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface, advanced charting tools, technical analysis capabilities, and automated trading features. The platform offers a seamless trading experience for both novice and experienced traders, allowing them to execute trades, analyze market trends, and manage their portfolios efficiently. With TOPMARKET's MT4 platform, traders have access to a wide range of charting options, indicators, and drawing tools that enable them to conduct in-depth technical analysis of various financial markets, including Forex, commodities, indices, and more. The platform's real-time charts and customizable settings empower traders to make informed trading decisions based on market trends and price movements. Moreover, TOPMARKET's MT4 platform supports the implementation of Expert Advisors (EAs), automated trading algorithms that can execute trades on behalf of the trader based on predefined criteria. This feature enables users to automate their trading strategies, backtest them using historical data, and potentially capitalize on trading opportunities without constant manual intervention. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: 852 81930851 QQ: 2711078081 Email: SUPPORT@TIDEALING.COM Conclusion In summary, while TOPMARKET offers the support of MT4, which is a positive aspect for traders, the presence of red flags such as being labeled as a suspicious clone, having an inaccessible website, unclear trading conditions, and limited trust and transparency may outweigh the benefits and raise significant concerns for individuals considering trading with TOPMARKET. It is essential for traders to carefully evaluate these factors and proceed with caution when dealing with this platform. Frequently Asked Questions (FAQs) Q 1: Is TOPMARKET regulated by any financial authority？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: How can I contact the customer support team at TOPMARKET？ A 2: You can contact via telephone: 852 81930851, QQ: 2711078081 and email: SUPPORT@TIDEALING.COM. Q 3: What platform does TOPMARKET offer？ A 3: It offers MT4. Q 4: What services and products TOPMARKET provides？ A 4: It provides forex currency pairs trading. Risk Warning 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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.