Allied Top

Allied Top is an online trading broker founded on 10 July 2019 and registered in Hong Kong. The company operates under the domain alliedtops.com and presents itself as a multi-asset brokerage serving retail traders globally. The broker claims to offer access to six major asset classes with over 170 trading instruments, including forex, indices, commodities, precious metals, stocks, and cryptocurrencies.

The company’s registered address is listed as Unit 60, 3/F, Yau Lee Center, No.45 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. Allied Top’s website is available in English and Chinese, reflecting its focus on Asian and international markets.

Allied Top’s regulatory status is a critical consideration. According to our records, the broker holds a suspicious clone Investment Advisory License under the Financial Conduct Authority (FCA) in the United Kingdom. The FCA license listed is for 'Inst Market Making (MM)' but with a status of '—', indicating that the authorization is not active or is a clone. Traders should exercise extreme caution, as the FCA has warned against unauthorized firms cloning legitimate licenses.

Regulatory oversight for Hong Kong-based brokers is typically provided by the Securities and Futures Commission (SFC), but no SFC license is evident for Allied Top. The absence of a credible Tier-1 regulator significantly raises the risk profile for potential clients.

Allied Top offers three account types tailored to different trader capital levels. The Standard account has no minimum deposit requirement and is intended for beginners, though specific spreads are not fully disclosed on the website. The VIP account requires a minimum deposit of $5,000, while the PRO account starts at $1,000. The broker advertises maximum leverage of up to 1:500 across its accounts, but exact leverage tiers per account are not specified.

The account types are presented as allowing access to the same instruments, with VIP and PRO accounts likely offering tighter spreads and additional benefits. The Standard account is described with spreads from 3 pips on forex and 1.6 pips on other instruments, while the broker overall claims spreads as low as 0.1 pips.

The broker provides the MetaTrader 5 (MT5) platform, a popular choice among retail forex traders for its advanced charting, automated trading capabilities, and multi-asset support. Allied Top also mentions a social trading platform, web trader, and VPS services to enhance trading performance. These tools are available on desktop and mobile devices.

Additional features include a financial calendar for economic events, no-dealing-desk execution, and ultra-low latency connectivity. The broker emphasizes deep liquidity and fast execution, which are standard claims in the industry.

Allied Top covers a broad range of markets. In forex, it offers over 30 currency pairs including majors, minors, and exotics. For cryptocurrencies, it provides CFDs on Bitcoin, Litecoin, Ethereum, and others. The broker also supports futures trading on agricultural and energy commodities, as well as stock and index CFDs.

The trading conditions highlight leverage up to 1:500 and spreads starting from 0.0 pips on forex, though such tight spreads are typically reserved for premium accounts or high-volume traders. The broker’s marketing emphasizes competitive pricing and execution speed.

Allied Top offers customer support via email at support@AlliedTop.com.cn, with availability stated as 24/5. The website includes a contact form and promotes '5-star customer service.' However, there is no mention of phone support or live chat, which may be a limitation for traders needing immediate assistance.

The company’s risk warning emphasizes that CFDs carry high risk due to leverage, and prospective traders should carefully assess their financial situation before trading.

The broker appears to target retail traders in Asia and other regions seeking high leverage and access to multiple asset classes. The Standard account’s no-minimum deposit lowers the entry barrier, while VIP and PRO accounts cater to more experienced traders with larger capital. The lack of strong regulatory oversight, however, makes it unsuitable for risk-averse investors or those requiring protection from reputable compensation schemes.