Top Global Traders is a Forex managed account service that works with over 100 brokers by “award winning traders.” They are inviting the community explore their trading opportunities and copy their trades. They promise a professional approach to the markets, and feel that their integrity sets them apart from their competitors. Today we will be providing a complete review, and letting you know if it’s a worthwhile service.
There is no information provided about the company. So, while they promise to be run by award winning traders, there is no information on this website to verify that.
In order to get in touch with support, traders can phone 1-800-493-0467, or email firstname.lastname@example.org.
Top Global Traders Review
The Top Global Traders website is aesthetically pleasing with specific sections pertaining to their performance, accepted brokers and details of their managed account options. There are multiple FX Blue accounts available to verify their trading results, and six reasons why they believe traders should sign up through them.
- 6-15% monthly returns
- No lock-in periods
- Verified statements
- Minimum investment (not elaborated on)
- Full transparency (watch the trades live)
- Low service fees (requires contact)
A few of these aspects aren’t elaborated on, or require us to contact the management team. In this case, they probably shouldn’t be included in their top six reasons, but that’s for the management group to decide.
The Top Global Traders head analyst appears to be Michael Harding, a Forex day trader located in Toronto, Canada. Harding believes that “the prerequisite for becoming PRO is 10,000 hours.”
According to the website, the team has a combined 38 years of experience, but little information is provided to prove this fact. There should be more transparency about the creators of this service as a whole.
In terms of strategy, the team focus on market research, and algorithms to determine profitable trading opportunities. This includes the use of risk management principles, and 24 hour monitoring to ensure the funds are safe at all times.
We would like to see more information about their methodology and actual trade approach. As, they provide no real details, just fluff. This is normal in the managed account market as you can see in our recent reviews of Standard FX, Aeir Capital and Forex92.
There are two investment options available through the Top Global Traders service.
The first option is Steady Growth. This plan is 5 years old, focuses on keeping risk very low, and trades only the EURUSD pair. It aims to gain 6-10% per month with a maximum drawdown of 25.50%.
The second option is Alerion. This plan is also 5 years old, focuses on low to medium risk, and trades all the major pairs. It aims to gain 10-15% per month with a maximum drawdown of 18.32%.
The Top Global Traders team provides two FX Blue accounts for our perusal. The website is a bit deceptive, because they advertise that all their trading statements are verified by Myfxbook, and even use Myfxbook images, but they are not. They only use FX Blue, which is fine, but it’s not our favorite statement sharing service, because it does seem less reliable.
When clicking on the trading results or performance section, we are taken to an FX Blue account that is titled “Steady Growth – Powered by LEFTURN Inc.” This is a bit concerning as well, because the Top Global Traders website makes no mention of LEFT TURN Inc anywhere on their website. We went to the LEFTTURN website and found that they are advertising the exact same investment options as well.
So, we really don’t know if there is a relationship between these two companies or if the Top Global Traders group is just pulling in clients, using another group’s trading results.FX Blue – free tools and services for FX and CFD traders
This is obviously concerning, and something that needs to be resolved before this goes any further.
At this point, it’s too difficult to trust the Top Global Traders team, because of the discrepancies on their website. Are they are associated with Left Turn Inc.? Or do they have some sort of deal where they can provide us with access to this other group’s managed account services? It’s really all a fair bit confusing, and that’s not exactly the word you want to use before you make an investment. We have many questions that we need answered before we can consider recommending this Forex managed account service to any of our readers.
If you have anything you would like to add to the review, please leave your questions and experiences below the article now.
- Client Feedback
Top Global Traders is a Forex managed account service with many investment options.
FX Blue results
Multiple investment options
6-15% monthly return promise
Results appear to be stolen