TOP1 Markets Review

Category: Reviews | Author: Trading Brokers | Date: September 22, 2023

Forex and CFD trading are attractive options for many traders who want to diversify their portfolios and access global markets. Top1 Markets is an online broker that claims to offer a range of trading products, platforms, tools, education, and account types for traders of various skills and goals. However, not every broker can deliver on its promises, and some may have hidden drawbacks, such as high fees, poor execution, or limited support. Therefore, it is essential to conduct a fair and objective review of any broker before deciding to trade with them. In this article, we will examine Top1 Markets and provide our verdict on whether it is a reliable and trustworthy broker to trade with.

Pros & Cons

  • Regulated by reputable authorities such as ASIC
  • Emphasizes the importance of transparency, security, and client satisfaction
  • Provides quality learning resources, including online live streaming, webinars, and trading guides
  • Offers a range of trading instruments and account types
  • Lacks regulation in some jurisdictions
  • Accepts only debit cards as deposit methods
  • Charges non-trading fees such as withdrawal fees
  • Limited account options


TOP1 Markets Review

TOP1 Markets Review

Established in 2019 and regulated by the Australian Securities Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), Top1 Markets aims to provide a trusted and diverse platform for traders of all levels. The broker’s commitment to protecting funds through segregated accounts and negative balance protection ensures a secure trading experience. With a variety of payment methods, fast deposit and withdrawal processing, and a strong focus on education, traders can improve their knowledge and skills.

The cloud-based infrastructure has reliable systems, while the MetaTrader 5 (MT5) platform provides stability and fast execution. Top1 Markets also stands out for offering low spreads and zero commissions across a range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Additionally, the feature of social trading with elite traders adds an interactive dimension. Our evaluation highlights Top1 Markets’ ambition to be a reliable broker for regulated trading, but as always, understanding the associated risks is vital.

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Exploring the background of Top1 Markets, it emerges as a product of TOP 1 MARKETS PTY LTD, a company based in Sydney, Australia, under the registration number 631 331 854. This company is strictly regulated by the Australian Securities Investment Commission (ASIC), holding the Authorized Representative (AR) number 001276870. This affiliation with the ASIC holds significance, as this distinguished regulatory body oversees the integrity and efficiency of Australia’s financial markets. The ASIC also enforces consumer protection laws and promotes financial literacy among Australians.

The pivotal role of the ASIC in safeguarding customer interests, ensuring fair market practices, and enhancing financial stability comes to the forefront. The manifold advantages of trading with an ASIC-regulated entity are underscored: protecting client funds through segregation from the broker’s funds, providing negative balance protection to prevent clients from losing more than their initial investment, imposing strict compliance and transparency standards through regular audits, enforcing ethical conduct and professional competence, and offering a robust mechanism for resolving complaints and disputes.

However, a notable facet unfolds as Top1 Markets also operates under TOP 1 MARKETS LIMITED, a company registered in Vanuatu (registration number 40436) and regulated by the Vanuatu Financial Services Commission (VFSC). It’s prudent to acknowledge that while the VFSC holds regulatory authority, its comparatively recent establishment and offshore nature may not match the comprehensive oversight and protective measures upheld by established regulators like the ASIC.

This divergence in regulatory landscapes introduces an element of caution. Potential risks and uncertainties surface, particularly in situations of conflict or disagreement between investors and Top1 Markets. It’s noteworthy that the terms and conditions of Top1 Markets stipulate that legal actions or proceedings related to their services must exclusively occur within the courts of Vanuatu. This unique jurisdictional stance has the potential to limit recourse and options in the event of complications or grievances involving Top1 Markets.

In light of these intricacies, potential traders are advised to proceed with awareness and a thorough understanding of the landscape, recognizing the interplay of regulations, responsibilities, and possible ramifications in their trading journey. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Top1 Markets provides its clients with a choice of three powerful and convenient trading platforms: TOP1 Markets APP, Web Trader, and MetaTrader 5. These platforms allow traders to access the markets from any device and location, and enjoy a range of features and functionalities. Here’s a brief overview of each platform:

  • TOP1 Markets APP: This is a mobile application for iOS and Android devices that enables traders to trade forex, commodities, indices, stocks, and cryptocurrencies CFDs on the go. The app also features social trading, where traders can follow and copy the trades of elite traders from the Top1 Markets community. The app offers real-time quotes, charts, indicators, trading signals, market news, economic calendar, trading calculators, and more.
    TOP1 Markets APP

    TOP1 Markets APP

  • Web Trader: This is a web-based platform that can be accessed from any browser without downloading or installing any software. The Web Trader is powered by TradingView, a leading provider of financial charts and analysis tools. The Web Trader offers over 80 technical indicators, 14-time intervals, multiple chart types, graphical objects, trading from charts, market depth insights, and more.
    TOP1 Markets Web Trader

    TOP1 Markets Web Trader

  • MetaTrader 5: This is a desktop platform that can be downloaded and installed on Windows, Mac, or Linux computers. MetaTrader 5 is the most popular trading platform in the world, offering advanced trading features such as custom indicators, scripts, expert advisors (EAs), strategy testers, economic calendars, and more. MetaTrader 5 supports trading in forex, commodities, indices, stocks, and futures CFDs.
    MT5 Trading Platform

    MT5 Trading Platform

Beyond these platforms, Top1 Markets augments the trading experience with a suite of valuable tools and resources, including:

  • Social Trading: Top1 Markets introduces a unique feature of social trading, where traders can follow and copy the trades of elite traders from the Top1 Markets community. This feature enables traders to learn from the best practices of experienced traders, diversify their portfolio, and enhance their trading performance. Social trading can be accessed via the Top1 Markets app for iOS and Android devices, as well as the web trader on the Top1 Markets website.
  • Trading Signals: By tapping into the MT5 platform, traders can gain access to complimentary trading signals curated by seasoned professionals. These signals act as guides for identifying trading prospects and tracking market trends.
  • Market News: To foster informed decision-making, Top1 Markets offers the latest market news and analyses from esteemed sources like Reuters and Trading Central. This wealth of information aids traders in comprehending market movements and the factors influencing their trades.
  • Economic Calendar: A comprehensive economic calendar showcased on the Top1 Markets website outlines upcoming economic events and indicators that might impact trading. The calendar’s filtering options by date, country, currency, impact, and category empower traders to fine-tune their insights.
  • Trading Calculators: Top1 Markets introduces a range of calculators on its website, catering to diverse trading needs. Among these are margin calculators, pip value estimators, swap calculators, profit calculators, and currency converters. These tools enable traders to gauge trading costs and potential profits accurately.


Top1 Markets’s commitment to empowering traders extends to its comprehensive education segment, an invaluable resource aimed at nurturing clients’ trading acumen and confidence. This educational enclave encompasses an array of topics crucial to forex and CFD trading, including:

  • Forex Basics: This section covers the essential concepts and terms of forex trading, such as currency pairs, bid-ask prices, spreads, pips, lots, leverage, margin, and rollover. It also explains the types of orders, charts, and analysis tools available for traders.
  • Forex Advanced: This section delves into the advanced aspects of forex trading, such as market structure, liquidity, volatility, correlation, and diversification. It also introduces various trading strategies, such as trend following, breakout, scalping, and swing trading.
  • CFD Basics: This section introduces the concept and features of CFD trading, such as underlying assets, contract specifications, pricing, and settlement. It also explains the benefits and risks of CFD trading, as well as the factors that influence the prices of different CFDs.
  • CFD Advanced: This section explores the advanced aspects of CFD trading, such as hedging, arbitrage, speculation, and portfolio diversification. It also discusses various CFD trading strategies, such as pairs trading, sector trading, index trading, and news trading.
  • Cryptocurrency Basics: This section provides an overview of the cryptocurrency market, including its history, characteristics, and functions. It also explains the basic concepts and terms of cryptocurrency trading, such as blockchain, mining, wallets, exchanges, and tokens.
  • Cryptocurrency Advanced: This section dives into the advanced aspects of cryptocurrency trading, such as technical analysis, fundamental analysis, risk management, and security. It also introduces various cryptocurrency trading strategies, such as momentum trading, trend trading, range trading, and arbitrage trading.
  • Glossary of Trading Terms: An essential resource, this glossary elucidates common forex and CFD trading terminology, such as ask price, bear market, candlestick chart, divergence, Fibonacci retracement, and more.
  • How-to Documents: For those venturing into the realm of MT5 platform and social trading app, this section serves as a treasure trove of practical tutorials covering installation, order placement, indicator and EA utilization, chart interpretation, and customization.

Top1 Markets’s educational thrust doesn’t end here. Complementing web-based learning, the platform extends opportunities for enhanced learning through webinars, seminars, and workshops, facilitated by experts and professionals. Among the topics covered are:

  • Introduction to Forex Trading
  • Technical Analysis for Beginners
  • Fundamental Analysis for Beginners
  • Trading Psychology for Beginners
  • Social Trading for Beginners

In essence, Top1 Markets’s education segment and supplementary learning opportunities pave the way for traders to not only comprehend the complexities of trading but also to equip themselves with the skills, knowledge, and psychological resilience requisite for navigating the dynamic landscape of forex and CFD trading.


Top1 Markets offers its clients access to a wide range of markets, including forex, commodities, indices, stocks, and cryptocurrencies. These markets allow traders to diversify their portfolio and take advantage of the global market movements. Some examples of the markets available on Top1 Markets are:

  • Forex: The forex market is the largest and most liquid market in the world, where traders can buy and sell currencies against each other. Top1 Markets offers over 50 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like NZD/CAD, EUR/NOK, and USD/ZAR. The forex market is open 24 hours a day, five days a week, and offers low spreads and high leverage.
  • Commodities: The commodities market is where traders can trade physical goods that are essential for the global economy, such as oil, gold, silver, copper, wheat, coffee, and sugar. Top1 Markets offers over 20 commodities CFDs, which allow traders to speculate on the price movements of these goods without owning or delivering them. The commodities market is influenced by various factors, such as supply and demand, weather, geopolitics, and economic events.
  • Indices: The indices market is where traders can trade baskets of stocks that represent the performance of a specific sector, country, or region. Top1 Markets offers over 15 indices CFDs, including global indices like S&P 500, Nasdaq 100, and Nikkei 225, as well as regional indices like FTSE 100, DAX 30, and CAC 40. The indices market is affected by the performance of the individual stocks that make up the index, as well as the overall market sentiment and macroeconomic factors.
  • Stocks: The stock market is where traders can trade shares of publicly listed companies that are traded on stock exchanges around the world. Top1 Markets offers over 100 stocks CFDs, including popular companies like Apple, Amazon, Facebook, Tesla, and Netflix. The stock market is driven by the earnings, news, and outlook of the individual companies, as well as the industry trends and market conditions.
  • Cryptocurrencies: The cryptocurrency market is where traders can trade digital currencies that are based on blockchain technology and operate independently of central authorities. Top1 Markets offers over 10 cryptocurrencies CFDs, including leading coins like Bitcoin, Ethereum, Ripple, and Litecoin. The cryptocurrencies market is highly volatile and influenced by factors such as supply and demand, innovation, regulation, and adoption.


Top1 Markets tailors its account offerings to cater to a diverse range of trading preferences and styles, providing traders with a selection of distinct account types: Classic Accounts, ECN Accounts, High Leverage Accounts, and Islamic Accounts. Each account type is accompanied by unique features and conditions, allowing traders to align their trading strategy with their individual needs. Here’s a concise overview of each account type:

  • The Classic Account: Suitable for both beginner and experienced investors, with a minimum deposit of $20 and a maximum leverage of 500:1. Investors can use the Classic Account to trade in more than 80 trending markets, including forex, gold, oil, and popular stocks like Facebook, Apple, and Amazon.
  • ECN Account: Designed for traders who seek direct access to the interbank market, this account type offers low spreads and fast execution. With a minimum deposit of $20 and a maximum leverage of 1:200, traders can benefit from the transparent pricing and liquidity of the ECN model. Spreads start from as low as 0.6 pips and commissions are charged per lot traded.
  • High Leverage Account: Tailored for traders who want to maximize their trading potential, this account type offers high leverage and zero commissions. With a minimum deposit of $20 and a maximum leverage of 1:1000, traders can amplify their profits and losses with minimal capital. Spreads start from as low as 1 pip and no commissions are charged per lot traded.
  • Islamic Account: Catering to traders who follow the Islamic faith, this account type offers swap-free trading and no interest charges. With a minimum deposit of $20 and a maximum leverage of 1:200, traders can trade in accordance with the Sharia law and avoid paying or receiving overnight fees. Spreads start from as low as 0.6 pips and commissions are charged per lot traded.


Top1 Markets offers a diverse range of payment methods for funding trading accounts and withdrawing profits:

  • Credit/Debit Cards: Visa, Mastercard, and UnionPay enable deposits and withdrawals. Minimum deposit and withdrawal amounts are $20, with a maximum of $10,000 per transaction. Deposit fees are absent, though withdrawal fees may apply based on your bank or card issuer.
  • E-Wallets: Skrill, Neteller, Perfect Money, and WebMoney support both deposits and withdrawals. The minimum and maximum transaction limits are $20 and $10,000, respectively. Deposits and withdrawals via e-wallets are free of charge.
  • Bank Transfer: Wire transfer is an option for deposits and withdrawals. The minimum deposit amount is $100, with unlimited maximum deposits and withdrawals. No fees are associated with bank transfers.
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Tether are options for deposits and withdrawals. The minimum deposit amount is $20, with unlimited maximum deposits and withdrawals. Deposits and withdrawals via cryptocurrencies are free of charge.

To initiate transactions, log in to your Top1 Markets account and visit the “Deposit” or “Withdrawal” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved.


In conclusion, Top1 Markets is an online broker that offers a range of trading products, platforms, tools, education, and account types for traders of various skills and goals. It also boasts of being regulated by the ASIC and the VFSC, offering low spreads and zero commissions, and featuring social trading with elite traders. However, it is important to be aware of the potential risks and uncertainties involved in trading with an offshore entity and a relatively new broker. Therefore, we recommend that you conduct your own due diligence and compare Top1 Markets with other brokers that have longer track records and more established reputations. For more options, you can check out our trading broker reviews.

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Top1 Markets is an online trading platform that offers a variety of financial instruments, such as forex, commodities, stocks, indices, and cryptocurrencies. Top1 Markets is regulated by the Australian Securities Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Top1 Markets provides low spreads, zero commisions, multiple leverage options, social trading, and negative balance protection.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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