TopFX Global Ltd. has been flagged by Financial Services Agency for "Unregistered/Unlicensed entity offering financial products or services". 1. Location of office or Address
CT House, Office 9A, Providence, Mahé, Seychelles
2. Content, etc. of Business
Solicitation of OTC derivatives transactions on the internet without the statutory registration in Japan
3. Notes
The name of financial service provided by the company is “TopFX”... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Several red flags with TopFX Global Ltd.: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services Agency, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
TopFX Global Ltd. offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Automated trading options|Tax reports included|Demo account available|Copy trading available
Cons: Minor UI glitches occasionally|Limited cryptocurrency options