TopInvestTrader Review – Find Out Why We Don’t Recommend

Overview of scam broker TopInvestTrader

TopInvestTrader review is about a suspicious broker company that’s claiming to be located in the United Kingdom. Just based on their website that’s lacking essential information like trading conditions, you can assume there is something wrong with this firm.

A thorough inspection only confirmed our assumption – this is a fraud. Of course, they call themselves a leading broker in the industry, trying to fool an average website visitor. Keep reading this article to stay informed.

Leverage Not available
Regulation Unregulated
Headquarters London, United Kingdom
Minimum Deposit $1
Review Rating 1/5
Broker Type Forex, CFD
Platforms Web, Mobile
Spread Not available

Is TopInvestTrader Broker a Scam or Legit?

TopInvestTrader claims to be in the UK, which can’t be true. They are offering bonuses which are forbidden by the British Financial Conduct Authority. Regardless of that, we took a look in the FCA register, and the name of TopInvestTrader didn’t show up.

Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the FCA. Since TopInvestTrader isn’t, anyone who chooses to start trading with the broker would not be entitled to some essential protections.

Legitimate business websites need to have clear and detailed information about the company that owns and operates it, where it is based, and what licenses it has. Also, legal documentation needs to be available. 

Of course, the availability of such information does not guarantee that those legal documents are not false or misleading. But the absence of these elements is very indicative that you are dealing with scammers.

Also, we don’t know what company is behind the website. This anonymity is usual for scam artists. They are trying to be off the radar as much as possible.

The Terms and Conditions are available only after you register an account. That’s when you see the mentions of two jurisdictions – Bulgaria and Saint Vincent and Grenadines.

Bulgaria is a member of the European Union and a regulated jurisdiction. We, however, did not find any proof that the Financial Supervision Commission (FSC) in Bulgaria has licensed the TopInvestTrader.

As for SVG, this is an offshore jurisdiction. The region does not regulate brokers. It is, therefore, dangerous to deal with a broker that claims to be in this island state.  

What Options Do Traders Have for Online Platforms?

TopInvestTrader promises a multifunctional trading platform. However, to start trading on any sort of software, they ask you to deposit first. You can’t even take a look at the software, which is quite unfair.

Checking the software without depositing the money is important because you can see whether you like the trading platform or not. They are hiding it for obvious reasons – it’s not a real platform.

And even when you decide to make a deposit, you can’t. It’s impossible. Only scam brokers operate this way. This is not a common practice for real-deal trading companies.

You should look in the direction of credible brokers that offer industry-standard platforms like MT 4 and MT 5. Scam artists often use manipulative software that gives you the impression that you are trading while you are not. Instead, your money is gone straight into the scammer’s pockets.

Does TopInvestTrader Offer Different Types of Accounts?

As we mentioned in the beginning, the website of this trading company lacks essential information. We don’t know whether there are different types of accounts available or not. We can only assume there are.

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc. 

TopInvestTrader is a completely anonymous business.

Trading Instruments at TopInvestTrader

Topinvesttrader customers can trade in the following markets:

  • Forex
  • Shares
  • Commodities
  • Cryptocurrencies

Information about these is also poor. There is no real trading going on. They just want to lure people into investing some money after which they will lie to customers that money was lost due to market volatility. In reality, you were never a part of the trading world.

TopInvestTrader Deposit and Withdrawal

The broker is vague on which payment options it supports. We encountered a technical issue while attempting to access their deposit menu. From the Terms and Conditions, we noticed some disturbing clauses. To withdraw money, a trader needs to print a withdrawal form, print it, sign it and submit it. 

This trading company has insanely high fees – $50 for an international wire transfer may be acceptable, but a total of $35 for a credit/debit card payment, and $25 ePayments is not. 

TopInvestTrader charges a whopping 10% fee on accounts that withdraw funds before they reach “200 in turnover”. It doesn’t specify 200 what – presumably they mean 200 lots, i.e. 20,000,000 currency units. Such vague and extortionate clauses are typical of fake brokers. There is also a monthly fee of 10% of the balance if the account has been inactive for more than three months.

They also note that it may take up to five business days for the money to reach your account. Their depositing process is, however, relatively straightforward. This shows the company is making it easy for you to deposit but hard to withdraw your profits. That’s because they don’t plan on giving your money back.    

How Do I Recover My Money If TopInvestTrader Scams Me?

If you find yourself in such a situation, you should be very careful not to fall into the clutches of other fraudsters while trying to recover your money. Offers from people on the internet who promise to get you your money back from scammers for an upfront fee are also one hundred percent scammers.

If you deposit money with credit/debit cards you can use a chargeback. The request needs to be submitted within up to 540 days.      

If you choose wire transfer as your payment method you can use a recall. It’s reversing funds to a bank account. Once the payment is accepted, the transfer cannot be reversed, which is why it’s important to act quickly.

Crypto transactions are hard to track, but there are tools following the transaction by the ID and connecting it to a certain wallet within the exchange. Once tracked, a customer can submit a legal letter to the exchange requesting a refund.

TopInvestTrader Summary

  • TopInvestTrader claims to be located in the UK, which we know is a lie since we checked the FCA register.
  • In the Terms and Conditions, we found the mentions of Bulgaria and Saint Vincent and Grenadines jurisdictions. 
  • They aren’t licensed in Bulgaria, and SVG is an offshore country that’s a scam paradise.
  • The website lacks any meaningful information, and we don’t know what trading conditions they offer.
  • Their withdrawal clauses are a rip-off.

FAQs About TopInvestTrader Broker

What Is The Minimum Deposit For TopInvestTrader?

Allegedly, the minimum deposit is $1. However, we can’t say whether that is true or not since we weren’t able to access the deposit menu.

How Long Do TopInvestTrader Withdrawals Take?

That piece of information isn’t available. We found only some disturbing withdrawal fees and requirements.

Is TopInvestTrader a Trustworthy Broker?

This is not a trustworthy broker since it’s lying about its location and regulation. They are very shady.


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Our Recommendations
Nov 17, 2022
Reading Time: 3 min
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