Abstract：Do you think that TOPONE Markets’ forex trading rules need to change? Do these rules prevent you from earning profits? Does the forex broker adopt a dubious approach by ensuring fast deposits but delayed withdrawals? Have you witnessed forced liquidations of forex positions by the Cayman Islands-based broker? In this TOPONE Markets review guide, we have shared several complaints against the broker. Read on!
Do you think that TOPONE Markets forex trading rules need to change? Do these rules prevent you from earning profits? Does the forex broker adopt a dubious approach by ensuring fast deposits but delayed withdrawals? Have you witnessed forced liquidations of forex positions by the Cayman Islands-based broker? In this TOPONE Markets review guide, we have shared several complaints against the broker. Read on!
Top Forex Trading Complaints Against TOPONE Markets
Questionable Trading Rules Lead to Capital Losses, Traders Allege
Traders seem to be losing because of trading rules that seem illogical by traders. In one complaint, a trader commented about the three-minute rule that does not allow individuals to earn profits. Recounting his incident, the trader stated that, as he made profits over 100% within a week, he lost the TOPONE Markets login access. Despite contacting customer support officials, the trader could not get the access back. The trader alleged that when losses occur, the broker does not snatch the login access. Sharing the traders full TOPONE Markets review below.
Fast Deposits, But Delayed Withdrawals
While some traders appreciate the fast deposit service, they do not say the same thing about the TOPONE Markets withdrawal process. Withdrawals take a lot of time to execute. Adding to the poor advisory services by the trading firm, the trading experience only worsens for traders. Here is a screenshot capturing the essence of this complaint.
The Income Tax Payment Allegation Against TOPONE Markets
In an explosive claim, a trader complained that TOPONE Markets induced him to purchase forex and XAU through a dating platform. As per the traders admission, he made profits but was forced to pay a hefty income tax. Frustrated by the poor trading experience, the trader shared a poor TOPONE Markets review.
Manipulative Closure of Forex Trading Positions
Several traders have complained about the manipulative tactic TOPONE Markets uses to defraud its clients. They have reported that the closure price comes lower than the lowest offer price. Some traders alleged that they witnessed a negative trading account balance upon execution even though the price looked far better when they gave the sell order on the TOPONE Markets login. Here are multiple price manipulation complaints against the broker.
TOPONE Markets Faces the B-book Broker Allegation
A trader criticized TOPONE Markets heavily for carrying out the minimum 3-minute trading time, whereas the time requirement for liquidity providers globally remains 9 milliseconds. This made the trader comment that TOPONE Markets is a B-book broker, which means that it internalizes client trades instead of transferring to the external market. This activity raises the scope for traders‘ losses while magnifying the broker’s profits. Check out this explosive TOPONE Markets review to understand the trading issue better.
The ‘Profit Hack’ Complaint Against TOPONE Markets
This just adds to the numerous forex trading issues for traders at TOPONE Markets. Recounting the financial tragic incident, the trader denied participating in any of the bonus or reimbursement programs. He admitted to having traded normally and earned profits worth USD 5582. However, the broker closed the account without any reason, taking away all his profits, the trader alleged. The TOPONE Markets customer support officials, when contacted, left the issue squarely on the trader to solve. Receiving no response against this issue, the trader vented out with this review of TOPONE Markets.
TOPONE Markets Review by WikiFX: The Score & Regulatory Oversight Update
The seemingly serious allegations made the WikiFX team investigate TOPONE Markets thoroughly on different aspects, including the regulatory status. As we delved deeper, we found the broker to be regulated in Australia. However, the complaints do make for a thorough operational review by the brokers top management. Keeping all these in mind, TOPONE Markets could only receive a score of 2.26 out of 10.
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