TopicMarkets Review
Reason to avoid: Offshore license
Listed Date: September 22, 2018
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TopicMarkets Review present by 55brokers and other brokers reviews, Before signing an account you should always check on broker reliability and compare its trading offering.
- Company name: TMI Holding Limited
- Registration/license: Vanuatu
- Registration/license requirement: USD 2,000
Is TopicMarkets a scam or legit broker?
No, TopicMarkets is not legit to trade with it.
TopicMarkets is an offshore Forex broker, licensed and registered in Vanuatu by the Vanuatu financial service commission under the name of TMI Holding Limited.
VFSC is very popular regulator among forex brokers and famous for its cheap and fast process of getting a license. It requires only USD 2,000 of the capital, when, for example, the UK’s FCA requires EUR 125,000 of capital for the STP license.
We recommend traders to avoid offshore-registered brokers as they usually don’t provide any guarantees to compensate the investments in case the broker wouldn’t be able to do that. The UK’s FCA, on the contrary, provides the Financial Services Compensation Scheme of up to GBP 50,000. Check the list of the FCA-regulated brokers here.
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Comment Area Hi everyone. Please read this carefully. I want to tell all the truth about the Topic Market company.
This company owner is a sri lankan and this company is running from Sri Lanka under the name of Revocare Solutions (PVT) Ltd. They just open website under the name of Topic Market.The address they mentioned in the website is a totally a false one. There is no any office in UK for Topic Market.They all are calling from Sri Lanka.Please find below the contact details of the office
Office Phone Number: +94112852390
They are running from sri lanka and the office address: No:141/1,High level road, Nugegoda, Sri Lanka. But they are telling they are calling from UK.
Also they have a partner in India. The numbers which they are calling is not real phone no. They are calling thru skype. Simply they will purchase a UK number and add Indian calling minutes.
Now they started in a new name as well. I kindly requesting all please before you put money check and put. The money which you are depositing is directly coming to the owners.
Kindly share this information as much as thru Facebook and Whatsapp in your country. At least you can save some one’s hard earned money.
The service has been reasonably good upto now
The service is not good. Since they are not processing the withdrawal. They are fake
Yes I accept it
This is Santhosh from chennai. Many of my friends are cheated by topic markets. All are initiated to complaint this company in finance ministry, EOW, RBI, CM cell and all higher levels so soon this company will close permentely and all are get arrested. Beware of this scammers. If you have any amount in topic markets try to take as soon as possible otherwise you lost everything.
Yes I also accept this