Top index review: is top index legit or scam? Find out from this review.
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Topindex.co review: Recently, a new broker with the name top index came and claim to be the best forex trading platform. Well, everything is possible but we need to verify this fact. The trading platforms offered by topindex was established in 2020. However the operators claim years of experience and professional tools.
The website is owned and operated by Penelope Partnership Ltd. A company incorporated in St.Vincent and the Grenadines. It have a registration number 25887 BC 2020 and registered address at Beachmont Business Centre, Suite 107, Kingstown, St. Vincent and the Grenadines.
In the process of our topindex review, we try to open an account with the website. So we can see the platform they offer and if a client funds are safe.
Account types
Topindex broker offer multiple account types to traders. This range from newbies account, standard account and premium account.
Newbies Account: This’s a forex account specially for beginners. The minimum deposit on this account is $250 with welcome bonus. There are other features like stop Loss, negative balance protection and technical support. Trading tools are Windows/ macOS/ Linux/ Android/ iOS. However the trading platform they support are MetaTrader 4 and Web Trader.
Standard Account: Therefore, this account is best experienced traders. The minimum deposit is $2,500 with deposit bonus and referral bonus. The features available are negative balance protection, stop Loss/ Take profit. More-so there’s technical support and expert support. More-so the trading platforms are metaTrader 4 and Web Trader. The technology supported are Windows/ macOS/ Linux/ Android/ iOS.
Primuim Account: In this account, the minimum deposit is $25,000. The features available are negative balance protection, stop Loss/ Take profit technical support and expert support. More-so the trading platforms are metaTrader 4 and Web Trader. The technology supported are Windows/ macOS/ Linux/ Android/ iOS. And finally, there’s referral bonus and primuim support.
Trading Platform
Therefore trading with topIndex is good only if you can afford their minimum deposit. But the trading platform is dedicated for beginner traders. It is accessible on the web only with sell and buy button.
There is no need for downloading or installation processing. Trade directly on your favorite browser. However the features includes multiple chart views, economic calendar. More-so there’s a trading indicators, signals, news, financial events.
Therefore, if you like to trade with MetaTrader software like mt4, just download and login. However, immediately after registration, your login details will be sent to you or you see it your dashboard.
Bonus
Topindex broker, offer initial deposit bonus from 15% to 30%. More-so, you can get bonus of 10% to 20% when you invite your friends to trade with topindex. However, you should note that bonus can change or remove totally.
Customer support
Topindex broker is available to traders 24/7 and can helpful. However, you can contact them via email, phone calls and livechat. Their support agents are very good and can answer fast.
Trading Markets
With top index broker, you can trade on forex, commodities, shares, indices and digital Money. Therefore you have a range of market to speculate. However, the most important important is that it, come with special tools.
Is TopIndex Legit?
Is top index legit or scam, who can say the truth. The top index broker is relatively new and have no history. The trading platforms is mostly web based and can be risky. It’s just like binary options brokers.
Most of them manipulate trader market. However in the process of our top index review, we noticed that they are not legit. Top index broker is not legit, regulated and not reliable. If you check their fees, it’s high. 6 months domant account bring 10% charge each month.
However, we couldn’t find the owner of the broker or the founder. Therefore if you are not able to withdraw from your trading account, you have no one to hold onto.
Withdrawals Fees
Withdrawals will be charged a transaction fee of the following:
Therefore, you pay 50.00 USD/GBP/EURO for wire transfers. More-so, you pay 25.00 $/€/£ for credit cards. However there’s addition of processing fee of 10.00 USD/7.00 EUR/5.00 GBP. More-so, you pay 25.00 USD/GBP/EURO for ePayments.
A levy of 10% of the withdrawal amount will be charged to any withdrawal from an account that has not executed more than 200 in turnover. More-so from accounts that have not been verified.
However, the minimum inimum withdrawal for wire transfers is 250.00 USD/GBP/EURO. Minimum withdrawal on any other method is 100.00 USD/GBP/EURO. Note that these charges exclude the transaction fee imposed.
For instance, if a minimum of $250 is to be withdrawn by bank wire transfer, a transaction fee of $50 will be charged.
However, fee may change depends on the processing system and/or bank of Topindex.
Conclusion
Finally, we will conclude our top index broker review by telling you to check other brokers. Therefore if you are looking to start investing in topindex, chill for now. They need time to be verified, as the broker is still new and unknown.
However, we shouldn’t focus on what they promise, but on trader’s response. Moreover, we would recommend other brokers we have tested. More-so, we will recommend you reading our past review. However yesterday we published a review about shift holdings, make sure to read it. See value date meaning and definition
