TOP1 Markets Journal

Journal status: live
TOP1 Markets joined in | not yet
TOP1 Markets Profile
Year
2020
Country
Cayman Islands
Branches
1
Regulation
not regulated
Registration
ASIC Australia, VFSC Vanuatu
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Belgium, Hong Kong, Iran, North Korea, Singapore
Broker type
MM, ECN marketing
Dealing book
A+B hybrid book
Tier
3
Execution speed
1000 ms
LPs total
...
LPs quality
...
LPs names
...

TOP1 Markets Accounts
MM
ECN
Minimum Deposit
50 $
50 $
Leverage
1000 : 1
100 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0.6 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
1 lots
20 lots
Margin Call
...
...
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is TOP1 Markets safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: ASIC Australia, VFSC Vanuatu
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is TOP1 Markets trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • TOP1 Markets website: semi-detailed, updated ★★★
  • TOP1 Markets popularity (by visitor count): low visits ★★

How TOP1 Markets works


Diverse Account Types
ECN Account; High Leverage Account; Islamic Account


There is no negative balance system and negative balance will never exist in the client's trading account. This is to ensure that the maximum potential loss is only the margin funds for client, and the transaction risk is all controllable. In extreme cases, no negative balance protection does not apply.



All fees and charges received by us as described in this Agreement (other than third party fees and charges) are a benefit given to us by you, in exchange for the market making and dealing services provided by us.

25. COUNTERPARTY DISCLOSURE
25.1 The trading you conduct on the Trading Platform is not conducted on an Exchange. We act as a counterparty in Transactions conducted on the Trading Platform and, therefore, act as the buyer when you offer to sell an Instrument and the seller when you offer to buy an Instrument. The prices we offer on the Trading Platform might not be the best prices available.

25.2 Although we are the counterparty to each of your Transactions, we may limit our risk by immediately hedging (offsetting) your Transactions with another transaction that we enter into with a Financial Institution. We are compensated by marking up the price we received from the Financial Institution when we quote our prices on the Trading Platform. You should be aware that as we are the counterparty to each Transaction, if the price of your Transaction moves against you, we directly benefit from that trade. Additionally, since we act as the buyer or the seller in a Transaction, you should carefully evaluate any trade information you receive from us, or from any referred Financial Institution.

24.1.8 you will not enter into any transactions in a manner that constitutes Scalping or through the use of an automated data entry system. Accordingly, a significant portion of your transactions with short duration and with a win/loss ratio significantly in your favour may be deemed as abusive trading and will not be allowed;



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