Caution! TopMostInvestment is an offshore company! Your funds may be at risk.
TopMostInvestment Key Facts
🔴 TopMostInvestment offers questionable products and services. A scam sign!
🔴 TopMostInvestment doesn’t reveal critical information about their business. Red flag!
🔴 TopMostInvestment doesn’t hold a license to offer financial services. Red flag!
🔴 TopMostInvestment is a newly registered domain. A disturbing sign!
TopMostInvestment products and services
TopMostInvestment offers cryptocurrency investment plans with unrealistically high returns starting from 16% for 20 hours. The deal is introduced as risk-free and without a contract. That’s undoubtedly a disturbing sign because it’s impossible to have such a return on fixed-income products. This is a scam.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
TopMostInvestment company and regulation
TopMostInvestment is allegedly a website owned by Topmost Investment Limited, a New Zealand company. They even show an incorporation certificate, but it’s not enough to operate as an investment provider. In fact, it’s impossible to confirm that there is such a New Zealand business in existence. On the other hand, various other companies bear the same name, but these have nothing to do with this website. So, we suspect it might as well be a clone attempt. Most importantly, though, TopMostInvestment is not linked to any licensed company, so it’s an unregulated business that traders and investors should avoid. Read on to find out more on the topic.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
TopMostInvestment address and contacts
TopMostInvestment lists two addresses: 196 Walsall Street, Middleton, Christchurch, New Zealand and 1079 Parrish Avenue, Bulverde, Texas City, TX 77591 USA. However, we couldn’t verify there is a link between these locations and the website for the lack of reliable third-party information. There aren’t contact numbers provided, which is a disturbing sign. It shows that TopMostInvestment doesn’t operate transparently.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
TopMostInvestment.com website info
TopMostInvestment.com is a domain name registered on 8th of October 2020, so it’s just over three months old at the time of writing.
It’s registered on USA IP address: 22.214.171.124 co-hosting 5 websites at the time of writing. Three of these are offering investment schemes. See the rest by following the link provided.
Alexa doesn’t even rank this domain, so it’s a highly unpopular website people do not trust, regardless of the age. The Alexa ranking isn’t a key determinant, but the lack of popularity definitely isn’t a good sign.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.