Website URL: https://topmarketcap.com/
Regulation: Not regulated
Languages: English, German
Deposit Methods: Credit Cards, Bank Wire, eWallet
Minimum Deposit: $250
Free Demo Account: No
Types of Assets: Forex pairs, Stocks, Indices, Commodities
If you want to become a member of TopMarketCap, there is a possibility to choose between four accounts. Of course, each of them has something specific and the most noticeable difference at the first glance is the minimum deposit requirement.
For a Silver account, you have to deposit at least 250 EUR, while the Gold one has a requirement of 10,000 EUR. Platinum and VIP are for more experienced traders and you need to make a deposit of at least 50,000 EUR to become Platinum member, while the VIP account is invitation-only.
As expected, the Silver account won’t give you too many possibilities but it has everything you will need for a good start — more than 200 tradable assets, market reviews and spreads up to 100. If this doesn’t satisfy your trading appetite, you will have to go with another account.
We could go on and on about the safety of a broker. What you need to know, where you have to pay attention, etc. Most certainly, regulation is one of the things you should look for. But, is it mandatory? Not at all.
A license is an absolute must only if a broker doesn’t look like a trustworthy one. If it does, simply pay attention to conditions and if they are good, there is no reason not to open an account.
So far, we have seen that TopMarketCap provides excellent trading conditions. This broker also included security as a big part of its business, which means your account and funds are completely safe even without regulation.
The trading platform is always one of our favourite parts of the review. Why? Well, we like to see innovations and uniqueness and oftentimes, with a trading platform, we can be sure whether a broker likes to implement new things into the business or not.
In this case, TopMarketCap uses a platform that’s a little bit different from what we are used to. This is a web-based one, you won’t have an option to download and use it as an app, but it is optimised and responsive, so you can open it without any interruption with every smart device you have. So, if you are used to trading on the mobile phone or tablet, that won’t be a problem at all.
The first thing we can say at the beginning is that the main requirement is fulfilled. We are satisfied with it, but there are other things that need to pass our test, too. For example, the design. Just to be straight, we are not here to discuss whether a design is good or not. That’s a personal preference, but you should know that everything is minimal and without unnecessary details.
What About the Design?
What interests us the most about the design is whether it is user-friendly or not. Well, you’ll be happy to hear that it’s completely appropriate for any level of experience. It doesn’t matter if you already traded on a platform like this or not, you will be able to manage it without a problem.
The best thing of all, it’s divided into three segments and that makes everything neat and clean. As soon as you look at the platform, you can see where everything is located. So, if you need to adjust your account or contact customer support, simple look at the left part of the screen. If you want to change an asset or organise the list according to the daily change, name or trending, you can do it in the middle of the screen. Lastly, the right part is reserved for the chart. Once you choose a specific asset, a chart with all information will appear. Well, that’s where the fun begins.
This chart is fully customisable. You can change every single detail about (label, indicators, chart interval, etc.) and adjust it according to your preferences. We have to be honest and say that this part surprised us the most. Yes, you can customise MetaTrader, too but not like this. TopMarketCap offers you an experience that is completely custom-tailored and that’s something you won’t see every day.
We had an excellent experience with the platform and a really interesting time adjusting it. So, TopMarketCap successfully passed the platform test and we can move on and see if the other segments of the business are equally good.
At TopMarketCap, you will have different options when it comes to supporting. This is an important thing because every client can find a way that’s most convenient for them. So, depending on your preferences, you can use Live Chat, online form, email and phone lines.
Keep in mind that the working hours for support are not constant and you can send them a message from Monday to Friday 07:00 – 14:00 GMT. We don’t mind this, because they have shown flawless service so far and without a doubt, they will provide us with a fast answer.
To test the responsiveness of customer support, we sent an email (within the working hours, of course). A reply came soon after, approximately after an hour, which is great. An email was the most practical solution for us and that’s why we chose it. We asked a question about the trading platform and one of the representatives gave us an in-depth answer. We received all the information and as addition, they sent us some instructions that helped a lot.
The best thing of all was the politeness of this representative. We have to give them an additional plus for the knowledge and excellent service because we were more than satisfied with the way they treated us as potential clients. So, if there is anything that troubles you, don’t hesitate to reach out to the customer support, they are very helpful.
Deposits and Withdrawals
If you are looking for a broker who is willing to give you every single information, TopMarketCap is the right choice. There are Withdrawal, Refund and Cancellation Policy at the website and there you will find everything that is important for trading. For example, as a deposit method, you can use credit card payment, a bank transfer or a virtual currency transfer. The money will be transferred instantly and you won’t pay any deposit fees, so you can choose the method that suits you the most, requirements are the same.
Withdrawal methods are completely the same, but this time you will have to wait a bit to receive money. Usually, the process lasts from seven to ten business days, but that really depends on the account you have. If you choose Gold, Platinum or VIP, you will have prioritized withdrawal levels and wait for just a few business days.
Also, commissions are more than reasonable here. You won’t pay a lot, just 1% per each withdrawal (minimum of 30 USD/GBP/EUR and a maximum of 300 USD/GBP/EUR). There are no hidden fees whatsoever, so you won’t have to worry about that. Overall, we are more than satisfied with this part and if you want to make a deposit at TopMarketCap, you have our recommendation.
If you want to trade and learn, apparently TopMarketCap is the right place for you. If you are not a registered user, there is an Education Center with many eBooks and read every single one of them. We were surprised by the selection because they listed some things such as Capital Management, Beginner or Advanced Strategies and Technical Analysis and we are sure you will find something that will help you improve your skills.
Also, you can look for some information in the FAQ page. This is a part of the Education Center because it can teach you numerous things such as what a rollover is, how to make a trade or how rates are determined, so don’t omit this segment. It might look unnecessary, but you can learn a lot of things there.
As the last part of education, we want to reflect on personalised learning material. Yes, you will get that, too and it all depends on the account. Depending on the one you choose, you will gain access to different webinars, eBooks, events and articles. So, if you go with the Platinum or VIP account, you can expect so many things that will help you improve your skills.
To conclude this TopMarketCap review, there is only one thing we can say. This broker proved itself as a trustworthy one, so if you are still doubting whether you should open an account and start trading here, we advise you to do so.
Personally, the thing we love most about the TopMarketCap company is the fact that it is able to effortlessly adjust to the many changes that we are witnessing on the market these days. From the global health pandemic due to COVID-19 to the huge volatility of some of the most unexpected assets, you name it. Another thing that we should emphasize is the fact that this company was one of the first ones to really recognize the power that cryptocurrencies will acquire today.
Despite many skeptics today, TopMarketCap decided to give them a shot, and it paid out! Now, digital currencies are one of the most profitable assets you can find on the trading platform. More and more clients are deciding to add them to their portfolios each day, which is not something we should disregard. TopMarketCap definitely didn’t and it is attracting so much positive attention for this reason, and many others.