Topstep's Official Website Is Currently Inaccessible. The Company Appears To Have Gone Out Of Business. Therefore, We Can Only Gather Some Relevant Information For Reference Only.
2022-07-21 We Have Confirmed That Topstep Is An Unregulated Foreign Exchange Dealer After Review
Topstep Claims To Be An Online Dealer Registered In The United States. According To US Law, All Foreign Exchange Investment Dealers Claiming To Be Eligible To Solicit US Clients For Foreign Exchange Trading Must: 1) Be A Registered Member Of An NFA-accredited Foreign Exchange Dealer; 2) Be Recognized As A "retail Foreign Exchange Dealer". However, We Have Not Found Any Results Matching Topstep In The NFA. This Means That Topstep Is Not Regulated By Any Regulatory Body. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since We Can't Access The Broker's Website Now, We Can't Get More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Topstep Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: Topstep As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
