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Topedgefx Review: Find Out if Top Edge Fx is a Scam

Topedgefx Review: Find Out if Top Edge Fx is a Scam

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We are reviewing a highly praised and legit Forex and Bitcoin fund called Topedgefx.com due to our readers requesting us to do so. Top Edge FX used to double up as a Crypto currency exchange where users could buy and sell a number of coins including the most famous ones like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, NEM, Dash, Emercoin, VeChain and many more. Today, they rebranded their business and appear to have done away with buying and selling of Cryptos. They focus on managed Forex accounts starting $5000. This is certainly a promising Forex managed account provider we can bet on. There are many reasons why we say so.

We have taken our time to test the service in order to write a comprehensive review covering all aspects of Topedgefx Forex fund. If you have been thinking of investing with this managed account service, we are asking you to read this review or contact them here so you can have a better feel of what this Forex fund manager does and whether or not they are the best FX fund manager around. In the meantime, you can also explore these options too if managed Forex accounts are not your thing.

Update: The business re-branded and now deposits are made through their affiliated broker. They are currently accepting a minimum deposit of $5000 for a return of up to 20% a month. A 10% setup fee applies which Top Edge FX says will be used to pay for the copy-trading software. While this MAM software is subscription-based, Topedgefx only charges 10% of your deposit as setup fee with no recurring charges after this. We believe they are going to cover the subsequent subscription cost of the copy-trading software.  We’ve heard a number of clients speak good about the service though.

TopedgeFx Review

The homepage proclaims a 19% monthly return (which is very reasonable) on their managed investment accounts or investment plans for that matter. They seem to have combined trading Forex and Crypto currencies at the same time because a look at their investment plans tells us that some plans are exclusively meant for trading Forex while others are trading Forex and Cryptos at the same time.

top edge fx

They tell the community that the reason they felt it was worth combining Forex and Crypto in one investment plan was to boost revenue for their clients. This is due to the fact that Crypto currencies experience wide moves every day unlike typical Forex pairs.

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Top Edge FX tells the investment community that they have refined their trading strategy over the years and that we can trust their service because apart from offering high stable returns, they are also promising to trade their clients’ deposits with good risk management. There is actually a statement on the TopEdgeFX website that says their traders are not risking more than 5% of their investors’ account. We think this is a very conservative style of trading and safe as well.

Top Edge FX look around

As we had promised to write a comprehensive review, there is no way we were going to do a shallow post and leave you to make your own decisions. So we actually signed up to get a clear perspective from the clients point of view.

The entire website has a good aesthetic feel and we were able to easily navigate the various pages. Before the rebranding, the website allowed users to sign up and access a dashboard which used to be clean and free from clutter. When clients signed up, they receive an email confirmation to complete the registration process. When they are logged in, they will easily find 3 investment plans and from there, they could pick their ideal investment plan, fund it and leave the rest to Top Edge FX traders.

From the dashboard of their TopEdgeFX account, users could view their earnings, commission (it was not clear for what reasons they used to pay commissions and bonuses but it looked like they were also rewarding those who refered their friends to come and invest with Top Edge FX.

Investors could also perform internal transfers, make automatic deposits and withdrawals, view their transactions among other things.

Since this is a fund manager style of operation, we believe that there was no need to integrate a trading interface on the side of the customer, and thus Top Edge FX only decided to show their customers everything pertaining to their financial records (deposits, earnings, transactions and so on).

A number of deposit and withdrawal methods supported by Top Edge FX fund

We were mesmerized by the wide range of deposit and withdrawal methods supported by this platform. As an investor, you can fund your Topedgefx account in Bitcoin, Master Card, Credit card, PayStack, Mobile money and even in PayPal. Most fund managers do not allow deposits in PayPal due to a lot of issues which arise as a result of some customers asking for reversals when they think the fund manager has scammed them. It is good to see Topedgefx accepting customers who want to place a deposit in PayPal. Update:

At the time of trying out this Crypto fund service, we found out that despite listing all these Payment methods, customers could only fund their accounts in Bitcoin. When asked about this issue, one of the company representatives got back to us and said they were in the process of rolling out all of the mentioned methods and that it would soon be possible for customers to choose among the various methods listed above.

How does TopEdgeFX make money for their investors?

We heard rumors that they have partnered with a certain broker who also accepts US trader and because of this partnership, they are able to trade their clients’ funds and earn a profit through an arrangement which will see clients pool money through Top Edge FX so it can be traded on the Forex and Bitcoin markets respectively. We have no idea whether or not this partnership is for real but all we know is that for them to make the kind of profits on their website, they must be trading with a reliable broker.

19% monthly return? Any past performance?

This fund manager does promise a 19% monthly return to investors who actually put money into their hands. So the usual question at this point would be whether these people can back their claims with actual trading performance.

When doing this Top Edge FX review, we noticed that the entire website did not present trading performance anywhere. So we contacted them through the provided email address and within a few hours, they responded with a 3 month trading statement which actually confirmed that they do invest their clients’ funds in the Crypto markets. So this is one way in which the fund manager did not disappoint as we did some thorough research to establish the authenticity of their trading style and performance.

What are the disadvantages of investing with TopEdgeFX?

Top Edge FX is still very new to this industry and because they were able to produce a 3 month trading statement, we were mesmerized. It appears they used to trade even before they setup this website to start accepting clients directly from there. Other than the fact that they are new to the industry, we don’t feel that there is any big threat investing with this company.

Our best advice for you

There are no complaints from customers who have invested with this managed Forex account service. Top Edge FX just rebranded their business and if one is not sure, they should contact them to learn more. The trading community believes this is a safe investment company and there’s no reason to worry at all. In the meantime, you can also check out these trading solutions.

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