Topxbts is a platform offering services in forex, cryptocurrency, and binary options trading with the website domain topxbts.com (Whois lookup shows the domain was registered on June 28, 2024). Verification through publicly available data on the official website reveals that no real corporate entity exists for this platform.
Company Background
According to information published on its website, the platform claims to be a privately-owned global company headquartered in the United States, asserting that its parent company, Topxbts Plc, has a history of over 100 years and ranks among the world's largest companies. The platform claims to have been established in 2012, with the goal of helping more people enter the investment market and achieve financial freedom.
- In 2013, the company began sponsoring innovative projects and gradually expanded into multiple private equity funds.
- In 2014, the company adjusted its fund management model, launching private closed-end funds to ensure professional and private fund management.
- In 2015, the company reformed its infrastructure to strengthen liquidity, clearing engines, and institutional frameworks, offering services to the retail market.
- In recent years, the company has used social media platforms like Facebook to expand its business and attract more international investors.
Although the official website claims its parent company has a century of history and is one of the world's largest companies, no related corporate background information can be found through public channels. Moreover, the platform has not established official accounts on mainstream social media like LinkedIn, Facebook, Instagram, Twitter, or YouTube, which contradicts descriptions on its website.
Core Business
Topxbts's core business focuses mainly on fund management services, managing traders' capital. The platform manages both short-term and long-term investment projects, emphasizing capital security and high returns. It claims a presence in multiple countries and mentions participation in the Investor Compensation Fund (ICF) in the United States and having signing qualifications in Europe.
However, it should be noted that no organization called the "Investor Compensation Fund (ICF)" exists in the United States. U.S. investor protection is primarily provided by the Securities Investor Protection Corporation (SIPC).
Regulatory Information
The platform claims on its website to be certified by the U.S. government and fully registered and regulated in the U.S. It also states it has authorization and regulation from the UK Financial Conduct Authority (FCA).
However, verification reveals no regulatory records of Topxbts can be found on the websites of the U.S. Securities and Exchange Commission (SEC) or the UK Financial Conduct Authority (FCA).
Additionally, a blurred image of a UK company registration certificate is displayed on the platform, with text claiming that the company in this certificate is Coinbasetrade-holdingfx Ltd, registration number 07309208. However, verification with the UK's Companies House website shows that this registration number actually corresponds to ETRADE SOLUTIONS LTD.
Investment Plans
Topxbts offers five types of investment plans, including Pricing, Weekly Pricing, Monthly Pricing, NFP, and Bitcoin Crypto Plans. Each plan promises different returns and claims to offer a MoneyBack Guarantee and 24/7 customer support. Here are details of some of the plans:
Pricing
- Starter Plan ($1,000+): Expected ROI: 30% - 40%; Trading commission: 10%
- Master Plus Plan ($5,000+): Expected ROI: 40% - 50%; Trading commission: 10%
- Premium Plan ($20,000+): Expected ROI: 50% - 60%; Trading commission: 10%
- Ultimate Plan ($50,000+): Expected ROI: 60% - 70%; Trading commission: 10%
- Corporate Plan ($100,000+): Expected ROI: 70% - 80%; Trading commission: 10%
Weekly Pricing
- Starter Plan ($3,000+): Expected ROI: 20% - 25%; Trading commission: 5%
- Master Plus Plan ($5,000+): Expected ROI: 25% - 30%; Trading commission: 5%
- Premium Plan ($10,000+): Expected ROI: 30% - 35%; Trading commission: 50%
Monthly Pricing
- Starter Plan ($1,000+): Expected ROI: 30% - 40%; Trading commission: 10%
- Master Plus Plan ($10,000+): Expected ROI: 40% - 50%; Trading commission: 10%
NFP
- Starter Plan ($10,000+): Expected ROI: 105% - 124%; Trading commission: 5%
- Ultimate Plan ($100,000+): Expected ROI: 150%; Trading commission: 10%
Bitcoin Crypto Plans
- Basic Crypto (BTC 1 - 1.5): Expected ROI: 65% - 70%; Trading commission: 10%
- Pro Crypto (BTC 30+): Expected ROI: 90% - 95%; Trading commission: 10%
Withdrawals/Deposits
Topxbts claims to support various deposit methods, including bank wire transfer, PayPal, Neteller, Skrill, MoneyGram, MasterCard, Bitcoin, Western Union, PerfectMoney, and more.
Withdrawals need to be requested via account or by contacting the account manager and providing relevant documentation for review. The financial department processes withdrawal requests and transfers are made at the end of the month, with a minimum withdrawal balance requirement of $70.
Company Location and Staff
The official website claims the company's operational address is 1000 Main St 12th floor, Houston, TX 77002, USA. However, investigation shows this address is a shared office building with multiple companies leasing office spaces, with no information found related to Topxbts. The platform also does not provide information about company members, and no relevant staff information can be found publicly online.
Website Traffic and Templates
According to Semrush data, topxbts.com receives fewer than 100 visits per month, indicating almost no user engagement. Furthermore, the website uses the same template as multiple scam websites, including Invest Capital Exchange, autofxearners, and Fxtradingremedy. These sites use nearly identical templates and content, suggesting they may be mass-produced scam sites.
User Reviews and Brand Exposure
There are virtually no user reviews about Topxbts online, and the platform has been labeled as a high-risk scam by organizations such as ScamAdviser and Scam Detector. Additionally, there has been no news coverage or other media exposure.
Contact Information
The official website provides three contact methods: phone (+1(347) 9708-530), Whatsapp (+1 214-609-9681), and email ([email protected]).
Risk Report
Based on verification, the platform presents the following risks:
- False Company Background: There is no evidence supporting the website's claims of a century-old history and being one of the world's largest companies.
- Missing Regulatory Information: No regulatory records can be found on SEC, FCA, or other financial regulatory websites.
- Abnormal Investment Plans: The investment plans promise high returns far exceeding normal market levels, suggesting a Ponzi scheme.
- Lack of Transparency in Fund Flow: The specific profit model is undisclosed, raising concerns that returns may rely on funds from new investors.
- False Money Back Guarantee: The "MoneyBack Guarantee" promise is not honored, increasing investor risk.
- Withdrawal Difficulties: Investors may face restrictions during withdrawals, making it difficult to retrieve investment funds.
- No Risk Warning: There is no mention of investment risks, creating an illusion of "guaranteed returns," potentially misleading investors.
- False Company Information: The company's address and member information cannot be verified, suggesting the platform may not have a real entity.
In conclusion, Topxbts may pose a high investment risk, and investors should exercise caution.
