TopInvestTrader Broker Review

Because to fantastic earning potential, forex trading is increasing, luring both investors and dishonest brokers. We wish to assist the former in remaining secure when purchasing and selling equities online. Because of this, we look for and expose fraudulent traders from Italy, Germany, and Canada. Today’s full study of LTD FX focuses on the LTD FX broker, one of numerous dubious brokerage businesses.

Let’s take a short look into LTD FX trading before continuing. This fraudulent broker is a subsidiary of BestProducts Ltd, the organization behind the dubious LTD FX and Finbinance. The former is said to operate out of Canada and the United Kingdom.

Without the required trading qualifications and rules, which LTD FX lacks, that is not feasible. Moreover, the Italian CONSOB and the Spanish CNMV, two financial regulatory bodies, also included LTD FX and Finbinance on their warning list.

Furthermore, LTD FX’s offer is founded on a number of outright lies, including that this fictitious brokerage firm has won numerous accolades from illustrious competitions (in London, Dubai, and Germany), offers a wealth of educational resources, a large selection of tradable assets, cutting-edge platforms, and promises complete transparency.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: topInvesttrader.com
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: UK
Foundation year: 2022
Supported Platforms: Web Trader
Minimum Deposit: 1 USD
Cryptocurrencies: Yes, Bitcoin, Dogecoin, Ripple
Types of Assets: Forex, crypto, stocks, indices, commodities
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No

TopInvestTrader License

Being a broker purportedly situated in the UK, TopInvestTrader is required by law to hold a license from the FCA (Financial Conduct Authority) in order to offer services. Nevertheless, neither the FCA licensing list nor the UK Companies House registries contain this fictitious broker. Hence, TopInvestTrader is not only an unregistered entity but also an unlicensed brokerage firm.

All of this indicates that this phony broker is unreliable and breaks all regulations. As a result, your money is not secure here.

Contrary to TopInvestTrader, reputable brokerage firms guarantee fund protection, and those licensed by tier-one financial supervisory agencies (such as FCA, ASIC, and BaFin) are particularly safe for trading. It is secured by the use of risk management measures (negative balance protection, segregated accounts, and collaboration with prestigious banks) (compensation schemes are up to 100,000 USD).

In addition, law-abiding brokers offer ideal trading circumstances that guarantee the success of traders and are upfront about expenses. All in all, investing with reputable brokerage firms should always be your first choice.

TopInvestTrader exhibits every sign of being an investment scam, including a dishonest character, a lack of regulations and limitations, and subpar services. In general, stay away from this fraudulent company.

Trading Platform

What more is reasonable to anticipate in terms of trading software from an illegal broker? Just lies were told. Contrary to what TopInvestTrader claims, traders cannot access cutting-edge technologies. The TopInvestTrader trading platform is basically an online trader that offers few resources insufficient for successful trading.

You should use MetaTrader 4, MetaTrader 5, Sirix, or cTrader, to mention a few, to get the most out of trading. These complex applications provide a wide range of sophisticated capabilities, are dependable, often used, and simple to use.

Mobile App

According to reports, you may trade using the TopInvestTrader mobile trading software on mobile devices. Yet there is no evidence for it. As opposed to this broker scam, legitimate businesses have their own mobile trading applications that make it convenient to trade while on the road. These platforms are trustworthy, regularly updated, and accessible on iOS and Android through the App Store and Google Play Store, respectively.

Using Anydesk and TeamViewer

One of the harmful strategies used by this financial con artist is to get traders to download remote desktop programs (Anydesk and TeamViewer) so that they may commit fraud with ease. These two programs enable remote control of users’ PCs by granting access.

As a result, thieves who steal credit/debit card information take advantage of this. It’s referred to as social engineering. So, keep in mind that neither of these two applications is a trading program, nor do they have anything to do with internet trading. As a result, we advise against downloading anything from shady websites.

TopInvestTrader Accounts

The sort of trading accounts that are accessible at TopInvestTrader are not disclosed by this fictitious broker. Thus, no information on the minimal deposits needed.

But, given the illegal character of this business, we may presume that it can only provide unfair, deceptive, and unwelcoming circumstances. Thus, another justification to avoid TopInvestTrader.

Demo Account

When it comes to a demo account, this choice enables you to test trading platforms, circumstances, and tactics while getting free trading practice. It offers risk-free trading experience that is similar to reality.

Every reputable broker offers a demo account as part of their offer. There is another way to tell reputable brokerage firms from con artists. As a result, TopInvestTrader doesn’t provide a demo account option, as is to be expected.

Bonuses

All scam brokers have one thing in common: incentives with conditions. Moreover, bonuses are not allowed in the majority of jurisdictions since they are used to deceive and manipulate traders. Similar to other brokers, TopInvestTrader offers incentives including early bonuses and a variety of profitable options (such 8% cash back on purchases and 14% interest on crypto assets).

In actuality, awards can be removed and may include restrictions that are impossible to meet (e.g., a minimum number of turnovers to be able to claim a prize). Keep in mind that incentives serve just to entice you to make investments.

Trading Conditions

There aren’t many specifics on leverage, spreads, margins, and other trading conditions supplied by TopInvestTrader. However, given that there is no law against this broker, it is predicted that leverage will be higher than what is permitted for retail clients (1:30–1:50).

Regarding spreads, you can anticipate fabrications, such as zero spreads. The same is true for trading commissions and withdrawal costs. For the former, we venture to claim that they can only be substantial; for the latter, we seriously question whether payoffs with fraudsters are even conceivable.

Conclusion on TopInvestTrader 

No matter how much trading experience you have, you might be duped by this scheme. It is critical to take quick action if you are one of the TopInvestTrader broker’s unknowing victims. This might involve alerting the appropriate authorities, posting unfavorable reviews on TopInvestTrader, and asking cyber security specialists for assistance with chargebacks. Don’t be ashamed since frauds may happen to anybody.

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