Due to the rising number of cyber frauds, financial watchdogs are jam-packed with tracking down scammers. Still, there are plenty of them who have not yet been exposed. For instance, today’s subject, TopInvestTrader is an outright scam but has not yet been debunked. So, it is just a matter of time before it comes under the radar of some financial market regulators.
In our goal to unveil scamming traders from – no information about countries, we have made a TopInvestTrader review to help you avoid being defrauded by this fraudulent broker. As it can be concluded, this shady brokerage firm is completely anonymous; although, allegedly based in the UK, there is no evidence supporting this nor there is any info about the company’s registration, owner, and regulations.
Please continue reading our TopInvestTrader detailed review for more information.
In top of that, we seriously recommend you not to invest in the fake brokersLTD FX,CresCapital, andAXCapital.Do not trade with these unlicensed brokers if you want to save your money!
| 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 |
Is The TopInvestTrader Platform Licensed?
In terms of regulations, as a supposedly UK-based broker, TopInvestTrader must be authorized by FCA (Financial Conduct Authority) to provide services legally. However, this phony broker is not on the list of FCA-licensed companies nor can it be found in the registers of UK Companies House. So, not only TopInvestTrader is an unlicensed brokerage firm but it is not a registered entity.
All of this means that this bogus broker can’t be trusted and doesn’t comply with any laws. Consequently, your funds are not safe here.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Unlike TopInvestTrader, legitimate brokerage services – especially those licensed under tier-one financial supervisory bodies (e.g., FCA, ASIC, and BaFin) – are safe for trading due to offering funds’ protection. It is ensured with risk management tools (negative balance protection, segregated accounts), cooperation with premium banks, and insolvency coverage (compensation schemes are up to 100,000 USD).
On top of that, law-abiding brokers provide favorable trading conditions ensuring traders’ success, and are transparent about fees. All in all, your first choice should always be investing with accredited brokerage firms.
So Is TopInvestTrader a Scam?
TopInvestTrader has all characteristics of an investment scam – no regulations, no licenses, dishonest character, and poor services. Overall, steer clear of this fake company.
TopInvestTrader Available Online Trading Platform
What else can be expected from an illegal broker when it comes to trading software? Nothing but deceptions. Despite TopInvestTrader assuring traders that they can access leading-edge technology, it is the opposite. The TopInvestTrader trading platform is merely a web trader that comes with limited tools inadequate for profitable trading.
For the most out of trading, you should opt for MetaTrader 4, MetaTrader 5, Sirix, and cTrader, to name a few. These advanced programs are reliable, widely used, easy to use, and offer a broad spectrum of sophisticated features.
Mobile App
Reportedly, you can trade on mobile devices with the TopInvestTrader mobile trading app. However, there is no proof of it. Contrary to this broker scam, credible companies have their proprietary mobile trading applications enabling convenience and trading on the go. Their platforms are safe, continually upgraded, and available on both iOS and Android via App Store and Google Play Store, contributing to security and credibility.
Using Anydesk and TeamViewer
One of the malicious tactics employed by this financial swindler is encouraging traders to download remote desktop apps (Anydesk and TeamViewer) to be able to easily defraud. These two applications grant access to users’ PCs, enabling remote control.
By doing so, fraudsters exploit this by stealing payment information (credit/debit cards). This is called social engineering. So, bear in mind, that these two applications have nothing to do with online trading nor are they trading programs. Therefore, we advise you not to download anything from fraudulent websites.
TopInvestTrader Accounts Overview
Concerning available trading accounts at TopInvestTrader, this phony broker doesn’t reveal what type of accounts traders can choose from. So, no information about the minimum required deposits.
However, considering the illicit nature of this company, we can assume that it can offer only unreasonable, manipulated, and unfriendly conditions. Therefore, one more reason to stay away from TopInvestTrader.
Also remember the names of theW2W Capital,Invest KingdomandBitonexttrading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Does The Broker Offer A Demo Account?
When it comes to a demo account, this option offers you to practice trading for free and test trading platforms, conditions, and strategies. It provides near-real trading experience without risks.
Every legit broker includes the demo account in its offer. That is also what distinguishes legitimate brokerage companies from scammers. Therefore, as it is expected, TopInvestTrader doesn’t provide a demo account option.
Bonuses and The Terms of Their Receipt
One thing is common for all scam brokers, bonuses that come with strings attached. Also, bonuses are prohibited in most jurisdictions due to being used to manipulate and rip off traders. In the same manner, TopInvestTrader uses promotions such as early bonuses and a range of lucrative opportunities (e.g., 8% back on spending and 14% interest on crypto assets).
In reality, rewards can be withdrawn and include some unachievable preconditions (e.g., a minimum number of turnovers to be able to claim a prize). Remember, bonuses are just used to persuade you into investing.
What Is Known About TopInvestTrader’s Trading Conditions?
Regarding terms of exchange offered by TopInvestTrader, there are not many details referencing leverage, spreads, margins, and other trading conditions. In fact, leverage is unknown, but it is expected to be above allowed for retail clients (1:30-1:50) since no legislation stops this broker.
As for spreads, you can expect them fabricated, e.g., zero spreads. Likewise, trading commissions and withdrawal fees are not revealed. For the former, we dare to say that they can be nothing but hefty; as for the latter, we doubt that payoffs are even possible with fraudsters.
Scammed by TopInvestTrader Broker? – Let Us Hear Your Story
Regardless of your trading experience, you can fall for this fraudulent project. If you are one of the unsuspecting victims of the TopInvestTrader broker, it is essential to act fast. This can include notifying authorities, leaving negative TopInvestTrader reviews, and addressing cyber security experts for help with chargebacks. So, don’t feel embarrassed, scams can happen to anyone!
But What Is A Chargeback?
If you wonder what a chargeback is, it enables victims to get their money back. So, yes, it is possible to retrieve misappropriated funds. For example, credit cards and wire transfers are reversible, thus, they are safe. But keep in mind that credit cards can be annulled within 540 days while bank transfers until you confirm a transaction. Also, digital wallets such as PayPal, Neteller, and Skrill can be canceled.
The hardest method for cashback is crypto payments due to their anonymity. For this reason, it is frequently used in online trading scams. Anyway, our chargeback specialists can assist you in getting your money back even through crypto wallets. So, get in touch with us.