Top1 Markets Review Is A Legit Broker

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Top1 Markets Review: Is A Legit Broker? Review: this is the website of a broker that is located in Australia and some offshore locations. Is Top1 Markets a scam Forex broker? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Top1 Markets discloses that it is an Australian based broker under the company name, Top1 Markets PTY Ltd. Forex trading in this region is under the supervision of the Australian Securities and Investment Commission (ASIC). When we checked, we found that the commission truly regulates the brokerage.

The other offshore locations where the company operates are Vanuatu and Cayman Islands. We do not check registration details because many traders do not feel assured by the lax rules applied by trading authorities in these regions.

Advantages of Top1 Markets

One of the main advantages of this broker is the ASIC license. because trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Top1 also mentions that it provides a user-friendly trading platform and many trading assets. There are also some other benefits listed on the page.

Top1 Markets Trading Platform

There is mention of the MT5 trading platform provided to clients of Top 1 Markets. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

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Trading instruments offered to traders are currency pairs, CFDs on stocks, indices, precious metals, and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:100 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are 0.8 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Top1 Markets

The means of making deposits and withdrawals with this broker are not mentioned. This is unusual because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit requirement is withheld from the public as well which is discouraging. We are aware that the obtainable average within brokers is usually between 100 to $250. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Top1 Markets Licensed?

Yes. Top1 Markets is a licensed brokerage. The Australian Securities and Investments Commission (ASIC) permits it to trade in Australia. Since it has some offshore branches, ensure that it is not one of those that is being invested in.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.


To get in touch with the broker, dial +61 2 61720053 or send an email to [email protected]


Top1 Markets is properly licensed and thus gets a high rating from us. We have warned our readers to ensure that they are dealing with the Australian branch and not any of the offshore ones. The broker fails to disclose important trading condition details and we find this shady. It supports the MT5 platform and uses a tight spread.



Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Top1 Markets Review – is scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Standard N/A 1:100 0.8 pips

Top1 Markets presents itself as a global forex and CFD brokerage regulated in Australia and Vanuatu. It uses the industry leading MetaTrader5 platform, but the trading conditions remain largely unclear. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform. Make sure you read it prior to investing with

Top1 Markets Advantages

Holds an ASIC license

The strongest advantage of this broker is that it is allegedly owned and operated by a company authorized and regulated by the Australian Securities and Investments Commission (ASIC).

ASIC is one of the most respected regulatory agencies on a global scale. One of the key rules they enforce is the mandatory implementation of segregated accounts. This is a principle which prevents brokers from mixing clients’ funds with the company’s, hence eliminating the possibility of some forms of fraud. Furthermore, brokers licensed in Australia must allow regular audits and have capital holdings of at least AUD 1 million, which is a high bar for most scammers.

Trading in wide range of assets on the MT5

Furthermore, Top1 Markets offers various assets for trade including currency pairs, CFDs on stocks, indices, precious metals, and cryptocurrency pairs. Such diversified product portfolio is always appreciated by traders, as well as the availability of the MetaTrader5 (MT5) platform.

The MT5 pretty much the same as the MT4 and has most features valued by traders, such as the top-notch charting, the support of automated trading and the MQL5 programming language through which traders can alter or design their own auto-trading bots or run ready-made ones.

Attractive demo spreads

When opened a demo account with Top1 Markets, we found out the EUR/USD spread floating around 0.8 pips, which is lucrative for traders,

Click on the image to zoom in.

Keep in mind, however, that the cost of trading is not as important as the security of your funds. Below, you may check out the real time spreads of some of the most prominent forex providers.

Top1 Markets Disadvantages

Not licensed in Vanuatu, despite the claims

Apart from holding a license with ASIC, Top1 Markets also claims to be regulated in Vanuatu as well as in the Cayman Islands.

Click on the image to view larger.

We always check carefully whether the brokers we review are indeed licensed as claimed, and advise investors to do the same. Upon running a check on the online registers of Vanuatu Financial Services Commission, we can quickly conclude that Top1 Markets is not among the regulated entities. As for the Cayman Islands, forex brokers there are not regulated, so there is no need to verify this information

The fact that the broker’s website publishes corporate information which is deceptive and misleading inclines us to suspect that the ASIC authorization of Top1 Markets may also be fake. There are many brokers who purposely use the details of regulated companies with which they are not associated in any way, in order to mislead investors. This tactic is known as “clone firms”.

Trading conditions not specified

As we mentioned above, Top1 Markets has failed to disclose any of its trading conditions, such as reference spreads, maximum leverage provided, the minimum investment required, and so on. Such lack of transparency is a very worrisome sign, especially on the part of a regulated broker.


Although Top1 Markets appears to be licensed by a reputable financial regulator, we have several concerns regarding this broker. on top of having a very sloppy and unprofessional website, the broker falsely claims to be licensed in Vanuatu. Furthermore, its website doesn’t disclose essential trading conditions, so we would suggest our readers to direct themselves to better trading options to which we have linked throughout this review.

Below, you may check out our list of recommended forex brokers that are licensed in Australia:

To sum up the review of Top1 Markets in a few words:

Pros Cons
Licensed in Asutralia Not licensed in Vanuatu, despite the claims
Attractive spreads, generous leverage Zero clarity on trading conditions
Trading in wide range of assets on the MT4 Sloppy website
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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