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Allied Top -

Score

2.16 /10
Danger

Allied Top

Hong Kong

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

Suspicious Overrun

High potential risk

http://alliedtop.com.cn/en/index.html

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Score

Regulatory Index0.00

Business Index7.15

Risk Management Index0.00

Software Index8.22

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Allied Top FX Global Co.,Ltd

Company Abbreviation

Allied Top

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Allied Top

Canada

WikiFX Verification

Allied Top · Company summary
Allied TopReview Summary
Founded2019
Registered Country/RegionHong Kong
RegulationFCA (Suspicious Clone)
Market Instruments170+, Forex, Metals, Stocks, Commodities, Indices, Cryptocurrencies
Demo Account/
LeverageUp to 1:500
Spread (Forex)1.6 pips (Standard account)
Trading PlatformMT5, Web Trader
Social Trading✅
Min Deposit$0
Customer SupportLive chat
Tel: +852 31041565
Email: support@alliedtop.com.cn
Registered address: OFFICE/SUITE NO.9B22 2ND FLOOR TOWER 1 CHINA HONG KONG CITY KL
Physical address: 1105, 1F, Block A, No.1102 Huihe South Street, Banbidian Village, Gaobeidian Township, Chaoyang District, Beijing, China

Founded in 2019, Allied Top is a Hong Kong-based online trading platform. It currently holds a suspicious clone Investment Advisory License under the FCA. Allied Top asserts it provides trading chances for 170+ items in six key asset classes: stocks, indices, commodities, forex, precious metals, and cryptocurrencies, with spread as low as 0.1 pips and a maximum leverage of up to 1:500.

Allied Top's homepage

Pros and Cons

ProsCons
Various tradable assetsSuspicious clone FCA license
No commissionsLimited payment options
MT5 available
No minimum deposit
Live chat support

Is Allied Top Legit?

No. Allied Top is suspected of being a fraudulent clone, claiming to be governed by the Financial Conduct Authority (FCA) and possessing an Investment Advisory License (No.586463).

Regulated CountryRegulated AuthorityCurrent Status Regulated EntityLicense TypeLicense Number
UK
Financial Conduct Authority (FCA)Suspicious CloneBCS Prime Brokerage LtdInvestment Advisory License586463
Suspicious clone FCA license

What Can I Trade on Allied Top?

Allied Top provides trading chances for 170+ items in six primary asset classes, such as stocks, indices, commodities, FX, precious metals, and cryptocurrencies.

Trading AssetAvailable
forex✔
metals✔
commodities✔
indices✔
stocks✔
cryptocurrencies✔
bonds❌
options❌
ETFs❌
What Can I Trade on Allied Top?

Account Type/Fees

Account TypeStandardVIPPRO
Min Deposit$0$5 000$10000
General Variety Spread3 pips2 pips1 pip
Forex Spread1.6 pips1 pip0.5 pips
Commission❌❌❌

Leverage

Allied Top offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Mobile, WebExperienced traders
Web Trader✔Web/
MT4❌/Beginners
Trading View❌/Beginners
Trading Platform

Deposit and Withdrawal

Allied Top accepts payments via wire transfer and debit card.

Deposit and Withdrawal

User Reviews

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User comment

4

Comments

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Over again.
more than one year
I try to contact live chat on the site over 2 days now no response is there any problem with your contact support team. I have tried telegram facebook live chat whatsapp no body is responding.
I try to contact live chat on the site over 2 days now no response is there any problem with your contact support team. I have tried telegram facebook live chat whatsapp no body is responding.
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2024-07-04 18:52
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Édouard Petit
more than one year
My buddy Michael hyped this broker up, saying he made some good money here. I was tempted to jump in, but I always like to test the waters with a demo account first, you know, get a feel for the platform. The problem? This broker doesn't even offer demo accounts! Don't know if I should proceed or just give it up. 🤨
My buddy Michael hyped this broker up, saying he made some good money here. I was tempted to jump in, but I always like to test the waters with a demo account first, you know, get a feel for the platform. The problem? This broker doesn't even offer demo accounts! Don't know if I should proceed or just give it up. 🤨
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2024-06-28 18:34
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