TOPONE MARKETS Forex Broker

TOPONE MARKETS Review SummaryFounded2019Registered Country/RegionCayman IslandsRegulationASICMarket InstrumentsForex, Commodities, Crypto, CFD, Indexes, StocksDemo Account✅LeverageUp to 1:1000Spread0.4 pips for EUR/USD (ECN Account very low)Trading PlatformiOS App, Android App, MetaTrader 5 (MT5), Web TraderMin Deposit$20Customer SupportPhone: +61 2 61720053Email: cs@top1markets.comTOPONE MARKETS Information TOPONE MARKETS, founded in 2019 and registered in the Cayman Islands, is regulated by Australia's ASIC under an Appointed Representative license. It offers multi-asset trading across forex, commodities, stocks, crypto, and indices through MT5, WebTrader, and mobile apps with a low minimum deposit.Pros and ConsProsConsRegulated by ASIC (Australia)ETF trading not availableSupports a wide range of instrumentsNo MT4 platform supportLow spreads and no commission accountsSome deposit/withdrawal options depend on regionIs TOPONE MARKETS Legit? TOPONE MARKETS is a regulated broker under the Australia Securities & Investment Commission (ASIC) with an Appointed Representative (AR) license (License No. 001309512). It operates through TOP 1 MARKETS PTY LTD, effective from May 27, 2024, and is supervised by Easy Trading Online.What Can I Trade on TOPONE MARKETS? TOPONE MARKETS offers a wide range of products including forex pairs, commodities, indices, stocks, and cryptocurrencies, giving traders access to over 30+ currency pairs, 8+ commodities, 8+ major indices, 10+ popular stocks, and 8+ crypto assets.Tradable InstrumentsSupportedForex✅Commodities✅Crypto✅CFD✅Indexes✅Stock✅ETF❌Account Types TOPONE MARKETS offers four types of live accounts (ECN, Cent, Premium Leverage, Standard) tailored for different trading needs. A demo account is also available for practice, and Islamic (Swap-Free) accounts are supported for some account types.Account TypeBest ForLeverageMinimum DepositIslamic Account SupportSuitable ForECN AccountLower spreads, all customers (limited time)100X / 200X / 500X$20✅Traders wanting very low spreadsCent AccountNovice investors, small entry level500X$20 (2,000 CENT)✅Beginners testing small amountsPremium Leverage AccountHigh-risk, high-return traders1000X$20❌Aggressive risk-seeking tradersStandard AccountLarge capital professional clients100X / 200X / 500X$20✅Regular professional tradersDemo AccountRisk-free practiceVirtual fundsFree/New traders testing strategiesLeverage TOPONE MARKETS offers flexible leverage depending on the account type, ranging from up to 1:500 for ECN and Standard Accounts, up to 1:500 for Cent Accounts, and up to 1:1000 for Premium Leverage Accounts. Higher leverage allows traders to control larger positions with a smaller deposit, potentially increasing profits.TOPONE MARKETS Fees TOPONE MARKETS' trading fees are low compared to the industry average. They offer tight spreads and minimal extra charges.ItemDetailsSpreadsIncluded in the quoted price (no extra spread fees charged separately).Average Spread by Account TypeECN: Very Low; Cent: Low; Premium Leverage: Medium; Standard: LowCommissionNo commission (all accounts).Swap (Overnight Fees)Pay & Collect based on instrument and position at 5:00 GMT+8 / 6:00 (Standard Time).ProductContract SizeLeverageMin LotMax LotSpreadAUD/USD100,000100×0.01200.0002EUR/AUD100,000100×0.01200.00027EUR/CAD100,000100×0.01200.00028EUR/CHF100,00050×0.01200.00029EUR/GBP100,000100×0.01200.00013Non-Trading FeesNon-Trading FeesDetailsDeposit FeeNo fees for most depositsWithdrawal FeeGenerally free; in some cases, third-party bank or payment provider fees may applyInactivity FeeNoneTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what kind of tradersiOS APP✔iPhone, iPadMobile users who prefer trading on iOS devicesAndroid APP✔Android smartphones/tabletsMobile users who prefer trading on Android devicesMetaTrader 5 (MT5)✔Windows, Mac, Android, iOSProfessional traders needing advanced trading toolsWeb Trader✔Any browser (PC, Mac, mobile)Traders seeking instant access without installationDeposit and Withdrawal TOPONE Markets generally does not charge deposit or withdrawal fees under normal circumstances. The minimum deposit is $20.Deposit OptionsDeposit OptionsMin. DepositFeesProcessing TimeOnline Banking Transfer$20None~10 minutesMastercard$20None~10 minutesMobile Banking Transfer$20None~10 minutesCryptocurrency Payment$20None~10 minutesWithdrawal OptionsWithdrawal OptionsMin. WithdrawalFeesProcessing TimeDebit CardNot mentionedNoneSame day if before 16:00 (GMT+8)Bank AccountNot mentionedNoneSame day if before 16:00 (GMT+8)Cryptocurrency WithdrawalNot mentionedNoneSame day if before 16:00 (GMT+8)