Home -
Exposure -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
FOREX.com
AvaTrade
IC Markets Global
FXCM
ACCM

WikiFX Reviews Topmax Global in Depth

WikiFX | 2023-10-20 17:49

Abstract:In this article, we will thoroughly examine Topmax Global, evaluating its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX's aim is to equip you with the information necessary for making an informed decision about using this platform.

画板 23 拷贝 4 (1).jpg

Background:

Established in 2019, Topmax Global (Topmax) facilitates online trading in Forex, CFDs for commodities, stocks, ETFs, bonds, cryptos, and indices. The broker's official website can be found at www.topmaxglobal.com.

image.png

Topmax is registered at 2275 Upper Middle Rd East, Suite 101, Oakville, ON L6H 0C3, Canada.

Please note that Topmax does not offer services to residents of specific countries, including the United States, Japan, Canada, Australia, and the European Economic Area. It's somewhat paradoxical that Topmax claims to be a registered company in Canada but doesn't serve Canadian residents. Moreover, it appears that the overall Topmax website lacks essential information, which could be a significant red flag, as the broker's transparency seems questionable.

Types of Accounts:

Limited information is available regarding Topmax's account offerings. It appears that Topmax offers only one account option, as their website provides minimal details. The only information disclosed on their site is the requirement for a minimum deposit of $100, with no mention of spreads, commission charges, minimum lot size, or leverage levels.

image.png

Deposits and Withdrawals:

The official website of Topmax provides no information about deposit and withdrawal options. While the broker claims that clients' funds are held in segregated accounts for added safety, WikiFX cannot verify the legitimacy of such a claim.

Trading Platforms:

Topmax's trading platform, MetaTrader 5 (MT5), upholds the excellent reputation of its predecessor. It enhances the trading experience by offering more trading time options, increased order flexibility, and faster strategy testing capabilities.

MT5 is a versatile platform compatible with various devices, including Apple, Android, and Windows. It offers enhanced order flexibility through two additional pending order methods and provides traders with a broader view of the markets with its 21 distinct timeframes. The platform also features an improved strategy testing function, allowing for more effective backtesting and optimization of Expert Advisors (EAs).

image.png

Research & Education:

Based on WikiFX's research, Topmax does not offer any research or educational resources. The only resources provided are two brief pages that offer an introduction to the forex and cryptocurrency markets.

Customer Service:

Trading clients can contact Topmax via email (support@topmaxglobal.com) or by filling out the contact form on the broker's website.

Unfortunately, Topmax's customer service support is limited to only three languages, which is noticeably lacking compared to its industry peers that offer support in several foreign languages. Additionally, Topmax does not provide a live chat messenger or a phone number for instant communication, which can be inconvenient during emergencies.

image.png

Conclusion:

In summary, WikiFX's final verdict:

image.png

WikiFX, a global forex broker regulatory platform, has assigned Topmax a low WikiScore of 1.30 out of 10, indicating it as an unreliable broker in the forex trading industry. This is due to the broker's claim of holding a license authorized by Australias ASIC, which WikiFX found invalid as it had been revoked.

image.png

Furthermore, Topmax claims that it is regulated by Canadas FINTRAC, but WikiFX could not locate any supporting evidence of this claim.

image.png

As a result, this broker is now operating without regulatory oversight. It is crucial to exercise caution when dealing with an unregulated broker at all times.

Therefore, WikiFX advises users to steer clear of this broker due to its numerous shortcomings and high underlying risk, which contradicts its bold and ambitious claims of being transparent and competitive.

img_v2_b16b2b19-0b04-4bd6-9ba8-fbf10f93dacg.jpg
BrokerForex trading

Related broker

No Regulation
Topmax Global
Company name:Topmax Global Limited
Score
1.43
Website:http://topmaxglobal.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.43

Read more

Trade Journal 2.0: What Experienced Traders Track That Beginners Often Ignore

A Trading Journal is more than a basic record of trades. It’s a learning and improvement tool. Beginners often jot down only price and time. Experienced traders add deeper insight that helps them get better over time. Here's what they track:

Original 2025-07-28 20:10

Thailand-Cambodia War Pressures Thai Baht in Forex Market

The ongoing conflict between Thailand and Cambodia has put immense pressure on the Thai Baht, impacting the forex market and investor sentiment. Read on for more.

Original 2025-07-28 19:35

6 Red Flags to Notice Before Investing in Neuron Markets

Investment scams have been rising over the last 5–6 years. Therefore, you need to be alert in the forex market, as many scam brokers are active and waiting to exploit inexperienced investors and traders. Neuron Markets is one such broker that appears genuine and makes big promises but ends up swindling investors’ money. Checkout red Flags and stay Safe

Original 2025-07-28 18:51

Future of Forex in India: Growth or Global Domination?

Every Trader or Investor in India who wants to invest in the dynamic forex market must read this important article. It explores the future of the forex market in India and answers a common question: Forex market will rise or crash in India ? Checkout the article below.

Original 2025-07-28 18:47

WikiFX Express

Exness
EC Markets
TMGM
XM
FXTM
FOREX.com
AvaTrade
IC Markets Global
FXCM
ACCM

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
BCR

BCR

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
BCR

BCR

Regulated
TMGM

TMGM

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
BCR

BCR

Regulated
TMGM

TMGM

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
BCR

BCR

Regulated
TMGM

TMGM

Regulated

Latest News

Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

WikiFX
2025-07-28 01:30

Does XS.com Hold Leading Forex Regulatory Licenses?

WikiFX
2025-07-28 10:14

European stocks set to rise after the U.S. and EU strike trade agreement

WikiFX
2025-07-28 06:30

Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

WikiFX
2025-07-28 01:30

Chile Bumps Up Copper Price Forecast and Flags Lagging Collahuasi Output

WikiFX
2025-07-28 14:32

Global week ahead: Crunch time for trade talks as Trump's deadline nears

WikiFX
2025-07-27 07:12

Top Wall Street analysts recommend these dividend stocks for regular income

WikiFX
2025-07-27 12:17

Stock futures rise as U.S.-EU trade deal kicks off a hectic week for markets: Live updates

WikiFX
2025-07-27 23:06

Treasury yields tick lower as investors look ahead to Fed's interest rate decision

WikiFX
2025-07-28 09:51

Thailand-Cambodia War Pressures Thai Baht in Forex Market

WikiFX
2025-07-28 19:35

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Caxton

Caxton

Netotrade

Netotrade

Trustbanc

Trustbanc

Smart Capitals Global

Smart Capitals Global

Plus5 Trade

Plus5 Trade

Exonnassests

Exonnassests

LatitudeFX

LatitudeFX

Market Maven Trader

Market Maven Trader

FUBON

FUBON

AlphaPipsTrade

AlphaPipsTrade