Top Respect Review

About Top Respect

Top Respect is not authorised by the UK Financial Conduct Authority (FCA). The firm is identified by the FCA as a clone entity misusing the identity and registration details of a legitimately authorised firm, London and Oxford Capital Markets Limited (FCA Firm Reference Number 163299), with which it has no affiliation. The FCA warning lists contact points including the website top-respect.com and asserts that the firm is unauthorised and posing as an FCA–regulated entity. Dealing with such a clone firm means that clients are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) ().

Trading conditions claimed by Top Respect include a minimum deposit of USD 100 and leverage up to 1:500, as well as offering the MetaTrader 4 platform. The broker also asserts availability of forex pairs, indices, commodities, precious metals, and other instruments. However, these conditions are not supported by legal documentation or regulatory approval ().

Pros and cons

Pros

• Claims to provide widely used trading platform MetaTrader 4.
• Advertised low minimum deposit (USD 100).

Cons

• Unauthorised clone firm impersonating an FCA‑regulated entity, as confirmed by the FCA ().
• No legitimate regulation, no segregated accounts, no client fund protection schemes ().
• High leverage of 1:500 exceeds regulatory limits and increases risk ().
• Impossible to verify trading rules, spreads, commissions, or withdrawal policies due to lack of legal documentation ().