Top-Respect Review: Security Measures and Regulations
Presented as “representative of the FCA” since 2016, Top-Respect is misleading many clients to believe they are dealing with a legit business. However, we did all we can to expose the fraud and give you exact information. Read our Top-Respect review and check what to do in case you were scammed.
|Regulated by:||No license|
|Blacklisted as a Scam by:||FCA|
|Headquarters Country:||UK (allegedly)|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Top-Respect Regulation and Security
Top-Respect is a shady anonymous broker that for sure didn’t deserve any respect. The owner is not explicitly listed, while the broker says it’s a leading company in the FCA market. However, since the FCA is a regulatory body, we are unsure what an FCA market is. We are sure that the broker is not regulated by the FCA or any other authority body.
Since we are dealing with an illicit brokerage, beware of scams.
Warnings From Financial Regulators
Since the broker published on the website an FCA regulation number 163299, of course, this regulatory body reacted. However, the regulation mentioned above belongs to London and Oxford Capital Markets Limited, and this company has no relations with Top-Respect brokerage.
The FCA listed Top-Respect as a clone firm and a fraudulent broker, advising all the citizens that have been scammed to file a complaint immediately.
Fund Withdrawal Issues
Since we are dealing with a broker pretending to be a legit company, do not be surprised to hear you won’t be able to withdraw your money. According to several Top-Respect reviews we found, clients are trying to withdraw for months with no success.
At first, everything sounds thrilling. You might even make some profit. But after you’ve deposited a significant amount, you will not be able to withdraw not your initial investment and not your profit.
How Does Online Trading Scam Work?
Like you can see in the example of Top-Respect, many brokers are advertising something they cannot fulfil. In this particular case, you see a broker registered by the FCA. However, it’s all just an ad — misleading information for you to deposit the money. And once you do, your hard time starts. You might invest more and more, but withdrawing will be nearly impossible.
And the worst part, you have nobody to complain to. There is no regulator and no supervisor. So you need to fight for a refund yourself.
Scammed by Top-Respect?
If you were among many victims of the Top-Respect scam, you would be pleased to hear there is a possibility of getting your money back. First, you need to file a dispute and request a chargeback.
But what is a chargeback? In the likely case that a fraudulent broker scammed you, a chargeback is a way for your bank to return the money and refund your card. For successful chargeback, you need to provide evidence and present your case. Again, the best would be to ask experts for advice.
Contact us via chat, book your free consultations, and let’s get your money back.
What is Top-Respect?
Top-Respect is an online trading platform blacklisted by the FCA.
Is Top-Respect a scam?
The broker is blacklisted by the FCA and has no regulations at all.
Is Top-Respect regulated?
Top-Respect claims to be regulated by the FCA but is blacklisted by this authority body.