Company Summary
| 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 Information
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 and Cons
| Pros | Cons |
| MT5 available | Unregulated |
| 24-hour multi-channel support | Unclear fee information |
| Unspecific withdrawal processing information |
Is TOP1 GROUP Legit?
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.
What Can I Trade on TOP1 GROUP?
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 | ✔ |
Trading Platform
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 |
FX2057297167
Hong Kong
1. Severe slippage 2. Manipulation on position-closing line 3. Bad service
Exposure
AAA潘俊亦
Hong Kong
Take heed on this fraud.
Exposure
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
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