TOPS Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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FSPR Suspicious Clone 
Tops is a broker that is not reliable since I made an investment of $1000, but after doing everything I get an announcement that everything is wrong. It is not available, please help me, and they added me to a group so that supposedly they will help me and there they don't speak anything
The TOPS forex brokerage has garnered mixed reviews, with a generally negative perception among users and experts alike. Key findings indicate concerns regarding its regulatory status and customer service, with many users reporting issues with withdrawals and a lack of responsive support. However, the platform does offer a well-known trading interface in MT4, which is customizable and widely used among traders.
Note: It is important to recognize that the entity operating under the name "TOPS" may vary by region, which can impact the overall reliability and user experience. The evaluation methods employed here consider multiple sources and user feedback to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 6 |
| Trust Level | 2 |
| User Experience | 4 |
| Additional Features | 5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the brokerage's services and operations.
Founded in 2017, TOPS operates out of New Zealand and is registered under the name Best Man Financial Service Limited. It primarily utilizes the MT4 trading platform, which is popular for its customization options and extensive functionality. TOPS allows trading in various asset classes, including forex and CFDs, but the specifics of its regulatory oversight are questionable, with many sources categorizing it as a suspicious clone.
Regulatory Regions:
TOPS claims to be registered with the Financial Service Providers Register (FSPR) in New Zealand. However, it has been flagged as a suspicious clone, raising concerns about its legitimacy and adherence to regulatory standards.
Deposit/Withdrawal Currencies and Cryptocurrencies:
The broker allows deposits and withdrawals in multiple currencies, but specific details about supported cryptocurrencies remain vague. Users should be cautious and verify these details before committing funds.
Minimum Deposit:
TOPS does not specify a minimum deposit requirement, which may appeal to new traders. However, the lack of clarity around this aspect can lead to confusion.
Bonuses/Promotions:
There are limited promotional offerings mentioned in the reviews, which may not be attractive compared to other brokers that provide substantial bonuses for new accounts.
Tradeable Asset Classes:
TOPS offers a range of trading options, primarily focusing on forex and CFDs. However, the lack of transparency regarding the full scope of tradable assets can deter potential users.
Costs (Spreads, Fees, Commissions):
While specific costs associated with trading on the TOPS platform are not extensively detailed, user reviews suggest that spreads may not be competitive relative to industry standards.
Leverage:
Information regarding leverage options at TOPS is scarce, and users should exercise caution, as high leverage can lead to significant risks.
Allowed Trading Platforms:
The primary trading platform offered by TOPS is MT4, which is well-regarded for its capabilities. However, the absence of MT5 or proprietary platforms may limit advanced traders looking for more sophisticated tools.
Restricted Regions:
There is no clear indication of restricted regions for account openings, but potential users should verify their eligibility based on local regulations.
Available Customer Service Languages:
TOPS provides customer service primarily in Simplified Chinese, which may limit accessibility for non-Chinese speaking users. Reports indicate that response times can be slow, further complicating the user experience.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 6 |
| Trust Level | 2 |
| User Experience | 4 |
| Additional Features | 5 |
Account Conditions:
TOPS offers a flexible account structure, but the lack of clear information regarding account types and conditions can be a drawback for users seeking transparency.
Tools and Resources:
While the MT4 platform provides robust tools for trading, the overall resources available for research and education appear limited, which may not cater well to beginner traders.
Customer Service and Support:
Customer service has been a significant pain point, with reports of slow response times and unhelpful support. Users have expressed frustration over difficulties in resolving issues, particularly regarding withdrawals.
Trading Setup (Experience):
The MT4 platform is generally user-friendly and customizable, allowing traders to create a personalized trading environment. However, the absence of advanced features found in newer platforms may deter some users.
Trust Level:
The trust level for TOPS is notably low, with many sources indicating it operates under a suspicious regulatory status. Users are advised to proceed with caution and conduct thorough research before engaging with the broker.
User Experience:
Overall user experience is mixed, with some appreciating the trading platform's functionality while others are deterred by the lack of support and transparency.
Additional Features:
TOPS does not offer many additional features that are common among other brokers, such as advanced charting tools or comprehensive educational resources.
In conclusion, while the TOPS trading platform may appeal to some traders due to its MT4 interface, potential users should be wary of the significant red flags regarding trust and customer service. The mixed reviews and concerns about its regulatory status suggest that caution is warranted when considering this brokerage.
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