TOPMARKETCAP Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　TOPMARKETCAP, a trading name of TopMarketCap Limited, is allegedly a suspicious regulated forex broker based in China that claims to provide its clients with

　　Over 200 tradable financial instruments with flexible leverage up to 1:400 and variable spread on a web-based trading platform, as well as a choice of six different account types and 24/5 customer support service.

　　Market Instruments

　　TOPMARKETCAP advertises that it offers more than 200 instruments across 5 different asset classes in financial markets, including stocks, indices, forex currencies, commodities and cryptocurrencies, as well as numerous portfolios.

　　Account Types

　　There are six live trading accounts offered by TOPMARKETCAP, namely Self Management, Basic, Gold, Platinum, Diamond and Libra (Invitation only). Opening a Self Management account requires the minimum initial deposit amount of $250+, while the other five account types have much higher minimum initial capital requirements of $5,000+, $10,000+, $25,000+ and $50,000 respectively, as well as a Libra account about which no further information is given.

　　Leverage

　　Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Self Management account can experience leverage of 1:100, the Basic, Gold, Platinum and Diamond accounts with a leverage of 1:200, 1:200, 1:300 and 1:400 separately. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

　　Spreads

　　Different account types can enjoy different spreads. In particular, Basic Spreads for the Basic account, Gold Spreads for the Gold account, Platinum Spreads for the Platinum account and Diamond Spreads for the Diamond account.

　　Trading Platform Available

　　Instead of the industry-standard MetaTrader4 and MetaTrader5 platforms, TOPMARKETCAP gives traders a web-based trading platform. However, when we click into the interface of the brokers trading platform, we get a message that tells us to try again later (see the below screenshot). Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

　　Deposit & Withdrawal

　　TOPMARKETCAP says to work with credit cards such as Visa and MasterCard, Bank Wire, as well as several forms of e-wallets like APM and EFT. The minimum deposit requirement is $/€/£250 and the minimum withdrawal amount is $100. The maximum deposit amount depends on the deposit method. In particular, the amount varies for deposits with credit cards and e-wallets, while for deposits via Bank Wire, the maximum deposit amount is unlimited.

　　Customer Support

　　TOPMARKETCAP‘s customer support can be reached by telephone: Australia +61290665418, United Kingdom +442038075844, Austria +43720971073, email: support@topmarketcap.com, live chat or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.