TOP1 GROUP

Hong Kong

1. Severe slippage 2. Manipulation on position-closing line 3. Bad service

Exposure

2020-04-18

AAA潘俊亦

Hong Kong

Take heed on this fraud.

Exposure

2020-07-29

杰华

Hong Kong

On Monday, I figured out that the platform was illegal since the spread of XAU/USD was expanded by 15 times, which caused forced liquidation. But TOP1 GROUP blamed it on liquidity. I am confused why the price could rebound after the position was closed. I encountered with the second situation on this Saturday. My margin was 114%, with 280% available. I haven’t taken the screenshot. But on Saturday, one of my order, 0.36 lot, was closed compulsorily. TOP1 GROUP deducted my interest, saying that my margin was less than 100%. Although the interest was deducted, the balance should be $200 or so. When I reflected this to the service, it kept fending off. It is obviously a rip-off. TOP1 GROUP simply wants to covet clients’ fund by causing malicious liquidation.

Exposure

2020-08-10

初心20870

Colombia

This TOP1 GROUP company claims to be regulated by ASIC, but wikifx shows that the license is actually a clone... The Forex industry is really dangerous, not only because the market itself is very risky, but also because there are always a lot of scammers who deliberately try to defraud innocent traders out of their money!

Neutral

2022-12-06

Account Info

Verified Site

About Us

Wiki Q&A

Comment

Account Info

Trading Env.
--
Currency
--
Maximum Leverage
200
SupportedEA
Minimum Deposit
50 USD
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum Trade Size
0.01
Commission
--
Trading Instruments
--

Trading Instruments

Last Updated： 2026-05-06

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Official Website

Verified Site

top1groups.com
69.171.228.74
Server Location
United States
ICP Registration No.
--
Top Visitor Locations
--
Creation Date
2019-05-06
Website Name
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Company Profile

Review summary

TOP1 GROUP Review Summary
Founded	2019-05-06
Registered Country/Region	Cayman Islands
Regulation	Unregulated
Market Instruments	Forex, Cryptocurrencies, Precious Metals, Crude Oil, and Indices
Spread	Low
Trading Platform	MT5
Customer Support (24/7)	cs@top1-groups.com
Customer Support (24/7)	+61 2 61720053

TOP1 GROUP Information

TOP1 GROUP is a global online trading provider. The company helps customers trade foreign exchange, indices, commodities, and cryptocurrencies of financial groups through Contracts for Difference (CFDs) and by leveraging. TOP1 GROUP also provides the popular MetaTrader 5 (MT5) trading platform to assist with analysis. It guarantees that customers' withdrawals will be credited to their accounts on the same day within the service hours.

Pros and Cons

Pros	Cons
MT5 available	Unregulated
24-hour multi-channel support	Unclear fee information
	Unspecific withdrawal processing information

Is TOP1 GROUP Legit?

TOP1 GROUP has not proven that its regulatory safeguards are reliable. Although it claims that Top1 Groups, a subsidiary of TOP1 GROUP, is authorized and regulated by the Australian Securities and Investments Commission and holds a license from the Vanuatu Financial Services Commission (VFSC), and is subject to its regulation.

What Can I Trade on TOP1 GROUP?

TOP1 GROUP offers various trading instruments, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies, among others.

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
Precious Metals	✔
Crude Oil	✔
Indices	✔

Trading Platform

TOP1 GROUP provides a mobile app to enable trading at your fingertips, as well as the popular MetaTrader 5 (MT5) trading platform, which supports PC, iPhone/iPad, and Android versions.

Trading Platform	Supported	Available Devices	Suitable for
Top 1 App	✔	Mobile	All
MT5	✔	PC, iPhone/iPad, and Android	Experienced Traders

Company Profile

5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Wiki Q&A

Is it risky to trade with TOP1 GROUP?

Engaging with TOP1 GROUP presents a significantly elevated level of risk, as the brokerage operates without valid regulatory oversight for forex trading, is registered offshore in the Cayman Islands, and has a very low overall WikiFX score of 1.56.

What is the license number of TOP1 GROUP?

TOP1 GROUP does not hold any verified, direct licenses for brokerage operations. An unverified Australian Securities & Investment Commission (ASIC) Appointed Representative license (number 001274145) is associated with a separate holding company, TOP 1 MARKETS PTY LTD, but it does not provide a credible regulatory framework for the broker's core trading activities.

Where is TOP1 GROUP registered?

TOP1 GROUP is registered in the Cayman Islands, an offshore jurisdiction not known for providing stringent regulatory supervision or robust investor compensation schemes for retail forex brokers.

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

¿Cómo determinar si un bróker está regulado?

Para determinar si un bróker está regulado, es fundamental verificar si posee una licencia financiera válida. Los inversores pueden comprobar el número de licencia y su estado en los sitios web oficiales de organismos supervisores como la Financial Conduct Authority (FCA) o la Australian Securities and Investments Commission (ASIC) para confirmar su autenticidad y vigencia. También debe tenerse en cuenta que algunos brókers pueden incurrir en clonación de licencias o prestación de servicios fuera de las jurisdicciones autorizadas, lo que implica riesgos adicionales. Según los datos de WikiFX, el estado regulatorio, los registros históricos y la puntuación de riesgo pueden utilizarse como referencia complementaria.

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.