Heard of TopviewStake.com trading platform? Really want to find more details? Read TopviewStake reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
TopviewStake: What is it?
TopviewStake otherwise known as TopviewStake.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is TopviewStake Regulation Claim Genuine?
First of, TopviewStake is linked with an address in Chicago, United States.
Keep in mind, to operate as a forex broker in the United States, a company must be registered as a futures commission merchant and foreign exchange dealer with the Commodity Futures Trading Commission (CFTC) and to be a member of the NFA. Sadly, this broker is not licensed in the State.
As for “the broker’s” purported offshore license by the British Virgin Islands Financial Services Commission (FSC), such an offshore license is hardly worth more than the piece of paper it had been printed on.
Furthering, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
TopviewStake Minimum Deposit
TopviewStake minimum deposit is not disclosed for clients. In comparison, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
TopviewStake offers variety of trading account for clients. The broker’s leverage is not specified which is risky for trading decision. Leverage plays a significant role in determining risk and potential returns.
As for the broker funding methods, the broker accepts cryptocurrency like Bitcoins, Ethereum, Litecoin, Ripple Dogecoin and USD Tether. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
TopviewStake Trading Software
TopviewStake claims to offer the popular trading platforms Meta Trader 4/ MetaTrader 5. However, they do not seem to be offering any functional trading platform.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against TopviewStake Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that TopviewStake.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
TopviewStake located at TopviewStake.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, this broker lacks one important indicator which is – it license. Following this, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the information helpful? Please share with us your experience in the comment section below. Thank you!
Heard of Capitalpro Trade, Mft-trade, Actionmarkets , Betail-capital, Forextimeprime brokers? Read Details