Score
Topshark
China|1-2 years| https://topshark.co/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
Other ways of contact
Broker Information
More
Topshark
Topshark
China
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 199,999$ |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Cryptocurrencies, Individual Stocks and Bonds. |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 3% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 99.999$ |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Cryptocurrencies, Individual Stocks and Bonds. |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 4.6% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 49,999$ |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Cryptocurrencies. |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 5.5% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $19,999 |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Cryptocurrencies. |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 6% |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $9,999 |
| Minimum Spread | -- |
| Products | Forex, Indices, Commodities, Cryptocurrencies. |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 6% |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Users who viewed Topshark also viewed..
XM
IC Markets Global
Decode Global
AUS GLOBAL
Topshark · Company Summary
| Aspect | Information |
| Registered Country | China |
| Company Name | Topshark |
| Regulation | No regulatory oversight |
| Minimum Deposit | $9,999 (Basic Account) |
| Maximum Leverage | Up to 1:500 |
| Spreads/Fees | Varies depending on account type |
| Trading Platforms | Advanced online trading platform |
| Tradable Assets | Forex, Indices, Commodities, Cryptocurrencies |
| Account Types | Basic, Silver, Gold, Platinum, Diamond |
| Payment Methods | Bank wire transfers, Credit/debit cards, Electronic wallets |
| Customer Support | Email support at support@topshark.co |
Overview
Topshark, based in China, operates as a brokerage firm without regulatory oversight, offering a range of account types tailored to investors' needs, with the Basic Account requiring a minimum deposit of $9,999 and providing leverage of up to 1:500. The platform boasts an advanced online trading interface, allowing traders to access a diverse array of tradable assets, including forex, indices, commodities, and cryptocurrencies. While spreads and fees vary across account types, customer support is available via email at support@topshark.co, and payment methods include bank wire transfers, credit/debit cards, and electronic wallets. However, investors should exercise caution due to the absence of regulatory oversight, highlighting the importance of thorough research and risk management strategies.
Regulation
Topshark operates as a broker without regulatory oversight, posing significant risks to investors. Without regulatory supervision, there's a lack of accountability and protection for clients, potentially exposing them to fraud or malpractice. Investors should exercise caution and consider reputable brokers with proper regulation to safeguard their investments.
Pros and Cons
Topshark presents traders with a range of advantages and disadvantages to consider before engaging with the platform. While it offers a diverse range of market instruments and provides powerful trading tools, the absence of regulatory oversight poses significant risks for investors. Additionally, while the platform boasts compatibility with all devices and offers fast trade executions, traders should be cautious of the high leverage offered and carefully manage their risk exposure.
| Pros | Cons |
|
|
|
|
|
|
|
|
|
Market Instruments
Topshark offers a diverse range of market instruments, including forex pairs, indices, commodities, and cryptocurrencies.
Forex (Foreign Exchange):
Forex pairs: Traders can speculate on the exchange rates between different currency pairs, such as EUR/USD, GBP/JPY, etc.
Indices:
Basket of stocks: Topshark offers trading on indices representing various stock markets, allowing investors to trade on the overall performance of a specific market, such as the S&P 500, FTSE 100, etc.
Commodities:
Natural resources: Traders can engage in trading commodities like gold, silver, oil, natural gas, agricultural products (wheat, corn, soybeans, etc.), and other raw materials.
Cryptocurrencies:
Digital assets: Topshark provides access to trading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and other popular cryptocurrencies, enabling investors to participate in the growing digital currency market.
By offering this array of market instruments, Topshark provides traders with a diverse range of opportunities to diversify their portfolios and capitalize on various market movements.
Account Types
Topshark offers a range of account types to suit varying investment needs and preferences:
Basic Account:
Features: Access to trading all markets via web, including Forex, Indices, Commodities, and Cryptocurrencies. Offers 24/5 FX trading and 24/7 Crypto trading. Commission rate: 6%. Allows trading indices as low as 10 cents per point. Ideal for beginners.
Minimum Deposit: $9,999
Silver Account:
Features: Similar to the Basic Account but with a higher minimum deposit. Includes a 10% investment bonus, offering a great chance to establish passive income.
Minimum Deposit: $19,999
Gold Account:
Features: Access to trading all markets via web, including Forex, Indices, Commodities, and Cryptocurrencies. Offers a commission rate of 5.5% and a 15% investment bonus. Provides negative balance protection for 7 days, along with the opportunity to work on multiple assets.
Minimum Deposit: $49,999
Platinum Account:
Features: In addition to the markets available in lower-tier accounts, Platinum offers trading in individual stocks and bonds. It has a commission rate of 4.6% and a 25% investment bonus. Provides negative balance protection for 15 days, allowing investors to multiply their wealth income sources.
Minimum Deposit: $99,999
Diamond Account:
Features: Offers comprehensive trading across all markets via web, including Forex, Indices, Commodities, Cryptocurrencies, Individual Stocks, and Bonds. It boasts a low commission rate of 3% and a substantial 35% investment bonus. Provides unique benefits like negative balance protection every 5th trade and all-inclusive service with contracts adjusted individually for clients.
Minimum Deposit: $199,999
These account types cater to investors with different levels of experience and financial capabilities, providing varying benefits and features to suit individual preferences.
Leverage
Topshark offers a maximum trading leverage of 1:500. Leverage allows traders to control a larger position with a smaller amount of capital. With a leverage ratio of 1:500, traders can potentially amplify their gains or losses by up to 500 times the initial investment. While high leverage can magnify profits, it also increases the risk of significant losses, making it crucial for traders to employ risk management strategies and understand the implications of leverage on their trades.
Spreads and Commissions
Topshark's spreads and commissions vary depending on the trading accounts offered:
Basic Account:
Spread: The spread is not explicitly mentioned but may vary depending on the market instrument being traded.
Commission: 6%
Silver Account:
Spread: Similar to the Basic Account, the spread may vary depending on the traded instrument.
Commission: 6%
Gold Account:
Spread: As with the other accounts, the spread varies based on the asset being traded.
Commission: 5.5%
Platinum Account:
Spread: While not explicitly stated, the spread likely varies depending on the asset class traded, including individual stocks and bonds.
Commission: 4.6%
Diamond Account:
Spread: The spread is not specified but is expected to differ based on the traded markets, including forex, indices, commodities, cryptocurrencies, stocks, and bonds.
Commission: 3%
In summary, Topshark's spreads and commissions are tailored to each account type, with lower commissions offered for higher-tier accounts. However, specific spread details are not provided, suggesting that they may vary depending on the asset class and market conditions. Traders should consider both commissions and spreads when evaluating the overall cost of trading with Topshark.
Deposit & Withdrawal
Deposit Options:
Topshark offers a range of secure deposit methods, including:
Deposits via credit/debit cards and eWallets typically reflect in your Topshark trading account within minutes.
Bank wire transfers may take longer, usually 3-5 days, for funds to appear in your account.
Bank wire transfers
Credit/debit cards
Popular electronic wallets
Withdrawal Process:
Withdrawals are possible only after verifying your Topshark account to comply with international standards.
To initiate a withdrawal, submit the required withdrawal form after account verification.
Withdrawal requests are typically processed within a few days.
The funds will be sent to you based on the payment method you used for deposit, ensuring a secure and streamlined process.
By offering a variety of deposit options and ensuring a smooth withdrawal process, Topshark aims to provide traders with convenient and efficient financial management on its platform.
Trading Platforms
Topshark offers a robust and user-friendly online trading platform tailored for both novice and experienced traders. Its intuitively designed interface allows for easy navigation, while a wide array of trading tools and technical indicators empower users to make informed decisions. Compatible with all mobile devices, Topshark ensures traders can access their accounts and capitalize on trading opportunities anytime, anywhere. With features like low spreads, fast trade executions, customizable charts, and one-click trading, Topshark delivers a seamless and high-quality trading experience. Moreover, the platform's support for cryptocurrencies reflects its commitment to staying at the forefront of emerging markets, making it an ideal choice for those seeking to explore the dynamic world of digital assets.
Customer Support
Topshark provides responsive and reliable customer support to assist traders with any inquiries or issues they may encounter. With a dedicated email address, support@topshark.co, traders can reach out for assistance at any time, ensuring prompt and effective resolution of their queries. The support team is committed to delivering exceptional service, offering expert guidance and assistance to ensure a smooth and seamless trading experience for all users. Whether it's technical assistance, account inquiries, or general questions, Topshark's customer support team stands ready to provide assistance and maintain open lines of communication with their valued clients.
Conclusion
In conclusion, Topshark offers a comprehensive trading experience with a diverse range of market instruments, competitive leverage, and various account types to suit individual preferences. While the platform provides powerful trading tools and supports mobile access, it's important to note the absence of regulatory oversight, posing potential risks for investors. Nonetheless, with responsive customer support and a commitment to user satisfaction, Topshark strives to deliver a seamless and efficient trading environment. Traders should exercise caution, conduct thorough research, and employ risk management strategies when trading on the Topshark platform.
FAQs
Q1: Is Topshark regulated？
A1: No, Topshark operates as a broker without regulatory oversight.
Q2: What markets can I trade on Topshark？
A2: Topshark offers forex, indices, commodities, and cryptocurrencies for trading.
Q3: What is the maximum leverage offered by Topshark？
A3: Topshark offers a maximum trading leverage of 1:500.
Q4: How long does it take for deposits to reflect in my Topshark account？
A4: Deposits made via credit/debit cards and eWallets typically reflect within minutes, while bank wire transfers may take 3-5 days.
Q5: Does Topshark offer customer support？
A5: Yes, Topshark provides responsive customer support via email at support@topshark.co.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
News
Review
No comment yet
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now