Welcome to the Top Global Traders review.
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You can recover your money here with 100% success rate!Top Global Traders claim that they’re providing “professionally managed Forex accounts by award-winning traders”.
The same slogan was used by Blue Trading scam.
Check out this review of West Capital Trading to learn about Blue Trading.
Top Global Traders advertise monthly returns of between 6-15%. Additionally, they tell investors that their managed Forex accounts don’t have lock-in periods and are fully transparent and honest.
They want investors to know that their team of traders have a combined experience of 38 years, which has allegedly allowed them to achieve impressive results.
Top Global Traders also claims that they’re engaging in continuous market research and development in order to keep up with the changing markets.
This managed Forex account service currently has 3 investment options with various monthly average returns and draw down figures.
TopGlobalTraders also provides multiple trading results to persuade traders that their trading performance is real.
Are you facing withdrawal issues with this broker?
Here's what you can do to recover your funds now.These trading results have myfxbook screenshots but the links embedded therein are redirecting to FXblue platform instead.
This is quite weird as we expected those links to lead us to the relevant platform.
TopGlobalTraders claims that they’re based in Canada. However, they’ve not introduced the team or the traders handling their customers’ accounts.
When they claim to be fully transparent, the first thing we expect them to do is to introduce themselves to the investors they claim to serve.
We also expect full transparency in terms of trading results.
Therefore, in this Top Global Traders review, we have analyzed their trading and we would like to list our findings here so you can decide whether this is a viable investment operation.
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Top Global Traders review
A service like Top Global Traders utilizes copy-trading technology to mirror trades from a “master account” to a “slave account”.
They’ve also provided a management agreement which is basically a document highlighting different aspects of their service, the gains and potential risks that investors might face.
In this document, they promise to provide clients with diverse and unique opportunity to actively invest in the Forex market.
Note the Following:
Many brokers and so-called investment firms are not honest. If they're illegally holding onto your money, you can easily recover it here.At the center of their operation is long-term growth and risk management. They claim to leverage on the experience of traders who have demonstrated to generate consistent returns.
They re-assure investors that Top Global Traders uses proprietary strategies which have been tested with different brokers, currency pairs, spreads and market conditions.
Nearly every managed Forex account provider is making these claims on the internet.
What matters is their ability to demonstrate what they claim to be good at.
For us to find out whether or not this is a viable investment operation, we need to analyze their trading strategy and see whether it can hold in the long term.
Investment options for Top Global Traders
There are two investment options but 3 investment plans in total.
The two investment options are “steady growth” and “Alerion” respectively.
Steady growth strategy is allegedly 5 years old and generates monthly returns of between 6-10%. Draw down is 25.5%.
It trades one currency pair only; the EURUSD. Top Global Traders claims it is a low risk trading strategy.
On the other hand, Alerion strategy is a low-to-medium risk trading strategy. It allegedly generates a monthly return of between 10-15%.
Draw down is allegedly 18.32%.
Trading strategy used by TopGlobalTraders
The official website has included explanations regarding the trading approach and methodology used by Top Global Traders.
They claim the following:
- Only high probability trades are taken using sophisticated analytical models to identify opportunities
- Risk management is applied on client accounts to generate a “driven quantitative trade model” which improves efficiency
- Use of proprietary trading strategies and 24 hour monitoring of client accounts
The above points don’t give us the real picture of the specific trading strategy used by this managed Forex account provider.
Basically, this explanations given on the sales page is skimming through with vague statements of how trading is conducted on clients accounts.
We expected Top Global Traders to provide in-depth explanations of their trading approach and methodology in order to determine whether there is potential for profits or massive risk.
Since the information provided on the sales page regarding trading methodology is vague, we’ll take a look at their trading results for clues.
Trading results
Top Global Traders has provided 3 myfxbook screenshots of “verified statements”.
In the first screenshot, we see a monthly gain of +13.68%. The second and third screenshots show monthly gains of +7.45% and +13% respectively.
While these screenshots appear to have been captured from the company’s myfxbook.com account, their links are pointing to FX Blue website instead.
We’re not sure why that is the case.
This is quite a concern because investors expect to analyze trading results on myfxbook.com since that is what they’re giving clients on the sales page.
Furthermore, FX Blue is not as detailed and straight-forward as Myfxbook.com.
We prefer analyzing these stats on myfxbook.com instead.
Having said this, we also realize that the results presented by Top Global Traders are impressive but different from what we see on the screenshots posted on the homepage.
It’s difficult to know whether these numbers are legit or the company is simply playing games with investors.
Conclusion
Top Global Traders is a managed Forex account service that fails to explain their trading methodology to its investors.
They’ve also failed to tell investors the reason their myfxbook account is missing when it’s clear that they first started out on this platform.
On the positive side of things, the presentation is sort of professional and their overall website design is not that bad.
We’d like to see more transparency in their presentation since we don’t even know who these people are.
Thanks for reading this Top Global Traders review. We’d like to read your comments (in case you’re an investor with them).