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Top Pro FX Review - Is it scam or safe?

Top Pro FX Review - is topprofx.com scam or good forex broker?

RATING: 1.5 / 2 REVIEWS ForexBrokerz Top Pro FX
Top Pro FX is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads (& commission)
Cent $10 0.1 1:1000 Fixed, 3 pips
Mini $10 0.01 1:1000 Fixed, 3 pips
Mini S $10 0.01 1:1000 From 0.5 pips
Standard $1000 0.01 1:200 From 1.5 pips

 

Clients of Top Pro FX are offered a choice of several account types, all of which are offer micro tradeable lots and access to the good old MetaTrader 4. The two Mini and Cent accounts are accessible with a deposit of $10 and offer high leverage, reaching 1:1000, while the Standard account requires an investment of $1000 and provides leverage up to 1:200. Besides, the Cent and Mini accounts also have maximum account balances set – up to $10 000 and $3 000, respectively.

 

Islamic (swipe-free) services are also available with this broker. However, Top Pro FX does not offer free demo accounts.

 

While a minimum initial deposit of $10 is reasonable, the fixed spreads offered by Top Pro FX are above the average of 2 pips on EUR/USD. It seems that the best spreads are available on the Mini S account, starting out at 0.5 pips, however, the account balance is limited to $3 000, which is quite unusual.

 

The Company. Security of Funds

 

Company

Country

Regulation

Too Pro Market Ltd.

Dominica

N/A

 

Online since 2014, Top Pro FX is a forex broker that supports the MetaTrader 4. According to the broker’s website, the brand is owned and operated by the brand is Too Pro Market Ltd. – a company registered in Dominica. In fact, the information on the broker’s website is rather limited.

 

Dominica is an offshore destination where forex brokers are virtually not regulated. Doing business with unregulated (offshore) broker is extremely risky. Such brokers may simply disappear with your money and you can do nothing about it. That is why we advise traders to avoid such brokers and to select among brokers licensed by the respective authorities in the UK, or Australia for example.

 

Besides, the famous forexpeacearmy site (FPA) claims that Top Pro FX shares the same server as PremierFX - a broker, based in Malaysia, against whom there is a guilty traders’ court vote. The International Financial Services Commission (IFSC) of Belize has also issued a warning against non-authorized PremierFX. Obviously, Top Pro FX also targets Malaysian traders, as we found out a Facebook page with the broker’s logo, called Top Pro Malaysia. So, you’d better stay away from this broker.

 

Trading Platform

 

Like most brokers, Range Markets supports the most popular trading platform, MetaTrader 4 (MT4). It is designed for all sorts of traders. Whether you prefer to trade using automated algorithms (EAs), technical indicators, advanced charting tools, one-click trading or dealing directly from the charts, you'll find it in MT4.

 

Bonuses & Rebates

At the time of writing of this review, Top Pro FX offers its clients 35% on-deposit bonus (up to $3,500) for every deposit of at least $100. The promotion is available for all account types, except Mini S.

 

Methods of Payment

 

We could not find any information on Top Pro FX’s website about the payments methods available. That is why we assumed that it uses only bank wire transfer and credit/debit cards.

 

Conclusion

 

Top Pro FX is an offshore forex brokerage that uses the good old MetaTrader 4 platform. There isn’t information on its website regarding its execution model, payments methods, etc. Our main concern with this broker is the fact that it is not regulated and could be a scam. Here are, in a nutshell, the advantages and disadvantages of Top Pro FX:

 

Pros  Cons
MT4 available   Not regulated
Bonuses offered Scarce information on website
  Fixed spreads offered are wide

 

Latest news about Top Pro FX
No news about Top Pro FX . Check back later.
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Traders` reviews for Top Pro FX

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

liar

avoid this broker.. you will have problem for withdrawal. They cheat and not pay introducing brokers (IB). Give a lot excuse. Please avoid this broker. This broker doesn't deserve any star rating.. totally b*llsh*t

fxtrader117 09/01/2017

Top pro market becoming top pro fx limited in new zealand with David Bruce Flett as a sole share holder.

I think is company keep changing names to avoid being caugh.
Withdrawal becoming an issue lately with many IB not able to get their trade commission and clients as well.

Laoge 22 08/10/2017

Top Pro FX: Scam!

stay away from this broker, they will play with your withdrawal and delete your profit. they also disabled your account if you make a lot of profit. totally scam.

wong chee keong 07/19/2017

top pro fx margin level ratio

why is that top pro fx changging their ratio in margin level system???
i need an explaination according this act

afwan 05/08/2017
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