Score

7.07 /10
Good

Topaz

Hong Kong

10-15 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Scope of Business

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Exposure

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Score

Regulatory Index6.54

Business Index8.32

Risk Management Index9.84

Software Index5.89

License Index6.54

Time Machine
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Licenses

VPS Standard
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Topaz · Company summary
Topaz Review Summary in 5 Points
Founded 2013
Registered Country/Region Hong Kong
Regulation Regulated by SFC
Products & Services Hong Kong Stocks, Global Stocks, Hong Kong Futures, Global Futures and Options, Bonds, IPO subscriptions, funds, CIES services for immigrations
Customer Support Address, phone, email, fax, contact us form

What is Topaz?

Topaz, a Hong Kong-based entity, partakes in the trading of various segmanet including Hong Kong Stocks, Global Stocks, Hong Kong Futures, Global Futures and Options, Bonds, IPO subscriptions, funds, and CIES services for immigrations. The firm operates under the strict regulations of the Securities and Futures Commission (SFC) of Hong Kong, bearing the license number BAA079.

Topaz's homepage

In our upcoming article, we will present a comprehensive and well-structured evaluation of the company's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the company for a clear understanding.

Pros & Cons

Pros Cons
• SFC regulated • Limited info on accounts/funding methods etc.
• Wide spectrum of financial products and services

Pros:

SFC Regulated: Topaz is under the regulation of the Securities and Futures Commission (SFC) which provides an additional layer of safety and confidence for its clients.

Wide Spectrum of Financial Products and Services: The broker offers a diverse range of financial services, including trading in various asset classes, which offers clients a variety of options to suit their investment needs.

Cons:

Limited info on Accounts/Funding Methods: Information on the types of accounts available and the methods for funding these accounts is limited on their platform. This lack of transparency could be a detriment for interested clients who are researching their options.

Is Topaz Safe or Scam?

When considering the safety of a brokerage like Topaz or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:

  • Regulatory sight: At present, the company is functioning under the purview of the Securities and Futures Commission (SFC) of Hong Kong, holding the license number BAA079.

regulated by SFC
  • User feedback: For a deeper insight into the financial company, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations.

  • Security measures: Topaz's website does not provide explicit information regarding their security measures, making it difficult to assess their data protection practices.

Ultimately, the decision to trade with Topaz lies with the individual. It's recommended that one meticulously weighs the potential risks against the projected benefits prior to initiating any actual trading transactions.

Products & Services

At TOPAZ, clients have the opportunity to trade in Hong Kong Stocks, gaining access to one of the major global markets. Not only that, but TOPAZ also offers Global Stocks trading across a host of countries including Hong Kong, Japan, Shanghai, Shenzhen, Singapore, the Philippines, Thailand, Malaysia, Australia, Germany, the UK and the US.

Alongside stock trading, TOPAZ provides the opportunity to invest in futures through their Hong Kong Futures and Global Futures and Options offerings. Specifically, the companys offerings include tradable futures in five categories such as metal futures, foreign exchange futures, energy futures, index futures and agricultural futures. These futures are available on major global exchanges including Chicago Mercantile Exchange (CBOT), Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), Singapore Exchange (SGX) and London Metal Exchange (LME), ensuring a high level of credibility and safety in transactions.

In terms of fixed income investments, TOPAZ offers Bonds which provide regular income to the investors, thus providing a balance in portfolios with a stable return option. They also offer IPO subscriptions for clients who wish to invest in companies during their initial stages.

The turnaround of various funds by professional managers give a strong risk-controlled performance to clients investments.

Furthermore, for those who prefer professional assistance in managing their assets, TOPAZ offers Discretionary Investment and External Asset Management services.

Lastly, TOPAZ's CIES services are designed for investing individuals who are likely and eligible to move to Hong Kong. They provide these clients with a series of related professional financial investment services, supporting their clients financial journey during application.

Altogether, TOPAZ's distinct palette of financial instruments and services offer comprehensive solutions that accommodate different trading preferences and investment needs.

Products & Services
Products & Services

Customer Service

Topaz offers multiple customer support channels, including a physical address for direct or postal communication, contact via phone or fax, email support, and a 'Contact Us' form available on their website for easy access.

Topaz Financial Group Limited:

- Dealing Desk: +852 2295 0155.

Topaz Capital Management Limited:

- EAM Service Hotline: +852 2295 0165

Topaz Family Office Limited:

- Family Office Solutions: +852 2230 7688

Customer Service Hotline: +852 2230 7666.

Fax: +852 2295 0166

E-mail: info@topaz.hk.

Address: Rooms 2709-12, 27/F, Wing On Centre, 111 Connaught Road Central, Hong Kong.

contact details

Conclusion

Topaz, based in Hong Kong, provides a diverse portfolio of services, such as trading in Hong Kong and Global Stocks, Futures and Options, Bonds, IPO subscriptions, funds, and CIES services for immigration. The firm's operations are credible, regulated by the SFC. That said, before deciding to invest with Topaz, it's vital for you to bank on caution, conduct extensive research, and gather the most recent information directly from the firm itself.

Frequently Asked Questions (FAQs)

Q 1: Is Topaz regulated?
A 1: Yes, Topaz is regulated by SFC with license no. BAA079.
Q 2: Is Topaz a good financial company for beginners?
A 2: Yes. It‘s a good financial company for beginners not only because it’s well regulated but also because of the diversified financial products and services it provides to traders.
Q 3: What kind of products and services does Topaz offer?
A 3: Topaz offers traders with trading opportinuties in Hong Kong and Global Stocks, Futures and Options, Bonds, IPO subscriptions, funds and CIES services for immigration.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Wdjweb
more than one year
Experiencing issues with Topaz lately. Unable to withdraw funds, and they've frozen my account without explanation. Customer support is unresponsive, leaving me frustrated. They suggested upgrading to a gold membership, but after doing so, withdrawal remains impossible. Now, they're asking for a deposit as collateral, which feels like a sudden revelation. Disappointing service and questionable practices make me question their reliability as a forex broker.
Experiencing issues with Topaz lately. Unable to withdraw funds, and they've frozen my account without explanation. Customer support is unresponsive, leaving me frustrated. They suggested upgrading to a gold membership, but after doing so, withdrawal remains impossible. Now, they're asking for a deposit as collateral, which feels like a sudden revelation. Disappointing service and questionable practices make me question their reliability as a forex broker.
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2023-12-28 18:13
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