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After a thorough research, Top Global Traders (Topglobaltraders.com) review is here. The full detail regarding what is happening within the platform is out for all to see. Thanks to our keen eye, we have some disturbing news about this forex managed account platform. Due to public demand, we will be pointing out the problems of this account managed platform. There are several problems that members are facing. One of the biggest challenges is the money-back feature, which is not provided.
The reason why we conducted the review is because of complaints from several members. Most of these members signed up with the platform and could not believe the outcome. They were lured by the claim of professionalism behind the platform. We have to give it to them when it comes to creating an appealing website. Their website is alluring and is one of the most deceptive sites we’ve seen so far. Before you sign up, there are several factors to consider when trading online.
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Top Global Traders is claiming to be led by a team of professionals. We could not see why the platform fails to prove their claims. All they do is point to users that they are a team of professional traders. After asking around, we could not get the names of these members. And we are afraid that TopGlobalTraders is another forex managed account scam. After our investigation, details started emerging on why the platform is a scam. Read on to find out the problems facing anyone who signs up with them.
They claim to be an award-winning platform, which is not the case. Most traders would recognize an award-winning platform. We could not get to see any of the awards they claim to have on their platform. Another issue is that they are using over the moon claims and promises to lure investors. An award-winning platform will openly display their awards for all to see. The reason there are no posts is that the platform is a fluke. They simply want naïve investors to believe that the platform is recognized.
Anonymity is another problem when it comes to online trading. Any anonymous online investment trading platform or service should be ignored. Such platforms tend to become a thorn in the flesh. The platform fails to give users the names of the ‘professionals’ behind this account managed platform. And this is one of the red flags we must raise for investors to spot. Only scam artists claim to be professionals and fail to provide their full details. It is best to stay away from the platform or lose the entire deposits made.
There is a claim on the homepage that the platform guarantees a 6 to 15 percent monthly return. Now, this is a claim that no broker or trading tool can make. The problem with their claim is that they guarantee it. And this is where we start to notice the intent of the owners when making such bold statements. They want investors to deposit funds hoping to make the quoted expected ROI. These are false claims and are impossible to achieve for various reasons. The market is volatile, and prices change without giving anyone notice.
A look at their domain background reveals that the platform is barely a year old. The website went live on 10th January 2019. Their servers are located in Utah, and the primary traffic is from North America. It means that most of the members who signed up are from the American region. Such details show that the platform is far from being a reputable online platform. Reputation is essential as it helps show the general background of a platform. With a year of trading, they already have numerous complaints against them.
The platform claims to offer a demo account, which is a far cry from the real account. After signing up, members realize that the expected ROI is not the same. The demo account does offer the ROI, which is expected of a demo account. After all, it is a demo and should be used to show the projected income. Users have to sign an agreement that gives the platform control of your account. And this is where the platform protects itself from liability.
Top Global Traders is NOT licensed to offer any trading services to users. They have been in the industry for over a year and fail to get a license from regulators. We contacted the CFTC and NFA to find out why the platform is unable to get a license. The two regulatory bodies insist that they have not received an application from the site. They claim to have received numerous complaints from members regarding the platform. The two regulators plan to issue a warning in regards to using this account managed service provider.
Disclaimer at the footer of their homepage does not provide any license information. One expects such a platform to post details of their license for all to see. The license details enable users to trust the platform since regulators have given it the green light. And this is why we insist that the platform is a hoax. They should have a license before offering their account managed services. It is proof that these are not professionals, as no credentials can be seen to prove otherwise.
On their contact page, the platform has a listed phone number. We tried the line, but after several attempts, we could not get through. It seems that the number is ever busy or no one is available. They have also posted a message board where members can leave their messages. The problem with this avenue is that the response time is wanting. Most of the members claim that the platform is unable to respond to their emails. And this means the platform is only using the email to control data.
Top Global Traders is furnishing users with three copy investment options. These options come with an expected ROI of 6, 10, and 15 percent ROI. The three plans are also not given any names apart from the expected ROI. Another issue is that the minimum set deposit for the three accounts is set at $100,000. The last account comes at a set minimum deposit of $200,000. With such an amount, the platform must have a license for us to consider signing up.
They have provided two FX Blue accounts, and users can see the projected income. The only problem is that they claim that myfxbook.com verifies their results. It is not the case as the platform is deceiving investors and members. There are no verified results, and the platform is using results posted a year ago. The reason why they fail to update their results remains a mystery. Their strategy is also unknown, which makes us question the intent of this platform.
Top Global Traders is a scam platform that does not allow any money-back guarantee. Warn your loved ones on the risks involved with signing up with such a platform. They have failed to produce necessary documents to prove that they comply with regulations. The platform is also anonymous, which means the people behind it want to remain that way. These are the reasons why we have to insist on staying away from the platform.
To protect our investors, we have to blacklist Top Global Investors. These are online scam developers who take advantage of unsuspecting investors.
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