Topicmarkets Review

The Company. Security of Funds

Topic Markets is registered In Vanuatu as TMI Holding Limited. The company is controlled through the Vanuatu Financial Services Commission (VFSC). On the other hand , they also claim that they are a trade name managed by a CySEC-regulated company named GS Sharestocks Ltd. A quick comparison with CySEC found that this firm operates two additional domains.

This is a fascinating situation because the regulatory bodies mentioned have distinct policy guidelines. In the moment, we have to think of Topic Markets as an offshore broker. The CySEC registration might be in process or GS Sharestocks could be buying TMI Holding.

The two watchdogs for financial markets are in essence the opposite of each other. While VFSC is well-known because of its non-conformity and capital requirement of $2,000, CySEC participates in the EU’s MiFID framework. If you are looking to establish as a broker in Cyprus the required capital is 730,000 euros instead of $2,000 needed in Vanuatu. In addition, client funds should be separated from the company’s through the segregated accounts method, which stops simple frauds. Additionally, CySEC accredited brokers take part in an incentive scheme, which is similar to an insurance policy. In this scheme, smaller, periodic payments are made to protect client investments against insolvency of the broker. The insurance coverage in Cyprus amounts to EUR20,000 for each account.

Trading Conditions

Minimum Initial Deposit

Topic Markets has set a minimum deposit requirement for the initial deposit of $100. This is a bit higher than the norm. In search of new customers, some brokers have even lowered their fees. For instance, FXTM will only charge $5 for an one cent deposit.

This shouldn’t be a problem for experienced traders. The ability to fund your account properly is equally important to long-term success as having the mental capacity to stand up to numerous losing trades in the same row.

Average spreads and Commissions

The costs for trading for trading at Topic Markets are included in the spread that is floating. Although no specific conditions are stated on the site however, our tests revealed the EUR/USD spread was constantly below 1 pip and starting at 0.7 during the market’s most liquid hours. This is quite competitive in light of the current offerings offered by different brokers.

However we should note that there was a general feeling of a slight lag in quotations. A precise execution could be difficult to achieve.

Leverage

The maximum leverage available at Topic Markets is 1:400 and only available to those who have the Classic Account type. Clients with larger amounts will be restricted to 1:200. We generally favor this rule, since it will allow to better manage risk.

Both of these ratios are very high and could cause a lot of damage to your account. It is possible that you be unsure about it, due to the fact that some brokers offer more than these ratios, for example XM that offers 1:888.

Trading Platforms

Topic Markets offers the ever famous MetaTrader 4 (MT4) trading platform. It is a good choice as it is the top choice in terms of forex. It has amazing charting capabilities that it is so great that people who use other platforms usually have the demo account with an MT4 broker only to analyze their data. This is echoed by the abundance of customized technical indicators that are available to be tested, purchased and purchased on MQL. MQL marketplace. Additionally, automatic trading platforms known as Expert Advisors are also offered.

In addition to the excellent desktop version, MT4 also comes with a great mobile application, accessible for both Android or iOS. It comes with options. Sometimes, we think it could be too crowded for smaller screens. One of the best features for experienced traders is the possibility of accessing numerous accounts (registered with various MT4 brokers) by a single app installation.

Here’s a glimpse of the desktop-based version of MT4 which is provided from Topic Markets:

Methods of Payment

Payment options that are available at Topic Markets are a few however they cover a wide range of areas. They are Bank Transfer Credit Card, Skrill and Neteller. E-wallets are well-known, and a lot of customers can benefit from these.

Conclusion

Topic Markets is a forex and CFD broker. The regulatory status of the company is rather tense. They are licensed in Vanuatu however, they claim to be run by a different firm, and is managed by CySEC. The real answer to this question decides whether or not this broker will succeed. However, trading conditions are impressive, and with very narrow spreads. There is some uncertainty regarding slippage, since the platform has been acting somewhat slow at times. To

Topicmarkets Summary
Topicmarkets Details	Information
Regulators
Country	Cyprus
Base Currencies	USD, EUR
Type Of Brokers	ECN, STP
Trading Platform	Desktop, Mobile
Established Year	2018
Website Language	English
US Clients

Topicmarkets Spreads
Option	Information
Minimum Spreads	0.2
Commission
Fixed Spreads

Topicmarkets Payment & Withdrawal Option
Option	Information
Acc Funding Methods	Skrill, Wire transfer
Acc Withdrawal Methods	Skrill, Wire transfer

Topicmarkets Suitable For
Option	Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Topicmarkets Trading Account Options
Option	Information
Maximum Leverage	1:400
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit	$1
Islamic Account

Topicmarkets Trading Services
Option	Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings

Topicmarkets Contact & Support
Option	Information
Telephone No	+44 2032 397894
Email	support@topicmarkets.com
24 Hours Support
Support During Weekends
Address	Golden Cross House,8 Duncannon St,London WC2N 4JF, United Kingdom