Score
Cayman Islands
|
5-10 years
| https://www.top1groups.com/?l=en-us
Website
Rating Index
LicensesLicensed Entity：TOP 1 MARKETS PTY LTD
License No. 001274145
Cayman IslandsThe Office of TOP1 GROUP in Australia is Bogus
The inspection team did not find the office of TOP1 GROUP in Australia. Its AR license (No. 001274145) issued by ASIC has been cancelled. It currently operates without any valid regulation.
AustraliaThe Office of TOP1 GROUP in Australia is Bogus
The inspection team did not find the office of TOP1 GROUP in Australia. Its AR license (No. 001274145) issued by ASIC has been cancelled. It currently operates without any valid regulation.
Australia
top1groups.com United States| TOP1 GROUP Review Summary | |
| Founded | 2019-05-06 |
| Registered Country/Region | Cayman Islands |
| Regulation | Unregulated |
| Market Instruments | Forex, Cryptocurrencies, Precious Metals, Crude Oil, and Indices |
| Spread | Low |
| Trading Platform | MT5 |
| Customer Support (24/7) | cs@top1-groups.com |
| +61 2 61720053 | |
TOP1 GROUP is a global online trading provider. The company helps customers trade foreign exchange, indices, commodities, and cryptocurrencies of financial groups through Contracts for Difference (CFDs) and by leveraging. TOP1 GROUP also provides the popular MetaTrader 5 (MT5) trading platform to assist with analysis. It guarantees that customers' withdrawals will be credited to their accounts on the same day within the service hours.
| Pros | Cons |
| MT5 available | Unregulated |
| 24-hour multi-channel support | Unclear fee information |
| Unspecific withdrawal processing information |
TOP1 GROUP has not proven that its regulatory safeguards are reliable. Although it claims that Top1 Groups, a subsidiary of TOP1 GROUP, is authorized and regulated by the Australian Securities and Investments Commission and holds a license from the Vanuatu Financial Services Commission (VFSC), and is subject to its regulation.
TOP1 GROUP offers various trading instruments, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies, among others.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Crude Oil | ✔ |
| Indices | ✔ |
TOP1 GROUP provides a mobile app to enable trading at your fingertips, as well as the popular MetaTrader 5 (MT5) trading platform, which supports PC, iPhone/iPad, and Android versions.
| Trading Platform | Supported | Available Devices | Suitable for |
| Top 1 App | ✔ | Mobile | All |
| MT5 | ✔ | PC, iPhone/iPad, and Android | Experienced Traders |
The broker does not provide any information about swap-free or Islamic account options. Religious-based trading preferences should be clarified with the broker.
No, TOP1 GROUP is currently unregulated. Although it claims that its subsidiary is licensed by ASIC and VFSC, there is no verifiable proof that the main trading entity holds a valid regulatory license.
The platform does not publicly disclose its maximum leverage ratio. Users should request exact leverage terms directly before trading.
Yes, the broker is unregulated, lacks transparency in its fee structure, and does not provide verified licensing information, which significantly reduces its credibility and safety.
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杰华
Hong Kong
On Monday, I figured out that the platform was illegal since the spread of XAU/USD was expanded by 15 times, which caused forced liquidation. But TOP1 GROUP blamed it on liquidity. I am confused why the price could rebound after the position was closed. I encountered with the second situation on this Saturday. My margin was 114%, with 280% available. I haven’t taken the screenshot. But on Saturday, one of my order, 0.36 lot, was closed compulsorily. TOP1 GROUP deducted my interest, saying that my margin was less than 100%. Although the interest was deducted, the balance should be $200 or so. When I reflected this to the service, it kept fending off. It is obviously a rip-off. TOP1 GROUP simply wants to covet clients’ fund by causing malicious liquidation.
Exposure
AAA潘俊亦
Hong Kong
Take heed on this fraud.
Exposure
FX2057297167
Hong Kong
1. Severe slippage 2. Manipulation on position-closing line 3. Bad service
Exposure
初心20870
Colombia
This TOP1 GROUP company claims to be regulated by ASIC, but wikifx shows that the license is actually a clone... The Forex industry is really dangerous, not only because the market itself is very risky, but also because there are always a lot of scammers who deliberately try to defraud innocent traders out of their money!
Neutral