Top Pro FX Review
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
Too Pro Market Ltd.
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.
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.
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.
Top Pro FX Review Conclusion
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