Top Markets Solutions Ltd

Top Markets Solutions Ltd, trading under the brand name Earn, is a Cyprus-based online broker established in 2011. The firm is registered as a private limited company with the Department of Registrar of Companies and Intellectual Property under registration number HE272810. With over 15 years of operational history, Earn positions itself as a multi-asset broker offering trading and investment services across a wide range of financial instruments. The broker states that it provides direct access to major exchanges in the US, Europe, and Asia, and executes over 135,000 trades on a monthly basis.

Earn’s official website is earn.eu, and it serves both retail and professional clients. The broker is headquartered at Esperidon 5, 4th floor, Strovolos, 2001 Nicosia, Cyprus. Contact details include phone number +357 22 514 442.

Earn is regulated by the Cyprus Securities and Exchange Commission (CySEC) under a Cyprus Investment Firm (CIF) licence with number 158/11. This regulatory status is verified through the CySEC public register, which lists Top Markets Solutions Ltd as an authorised investment firm. The licence permits the broker to offer CFD trading and investment services across the European Economic Area under the MiFID II passporting regime.

As a CySEC-regulated broker, Earn is required to comply with ESMA’s product intervention measures, which include leverage limits of up to 1:30 for retail clients, negative balance protection, and mandatory risk warnings. Client funds are held in segregated accounts, and the firm participates in the Investor Compensation Fund (ICF) for eligible clients, covering up to €20,000 per claim. Despite these safeguards, the broker’s website includes prominent risk warnings indicating that 45% to 55% of retail investor accounts lose money when trading CFDs.

Earn offers a single CFD trading account, the MT5 Sharp ECN account, which is accessible via the MetaTrader 5 (MT5) platform. The account supports base currencies in USD or EUR, and has a minimum deposit requirement of $100 or €100. The broker offers negative balance protection for retail clients, and hedging is allowed. Leverage is capped at 1:30 for retail traders, while professional clients may access leverage up to 1:100 for forex, metals, energies, and indices, and up to 5:1 for cryptocurrencies.

The MT5 platform provides advanced trading tools, including research and analysis capabilities, risk management features, and multi-asset trading. Earn also mentions the availability of a web-based platform and possibly mobile applications, though details are limited. The broker does not appear to offer other account types such as standard or Islamic accounts, but raw spreads from 0.0 pips are advertised.

Earn provides access to over 1,000 tradable instruments, including CFD on currencies, indices, commodities, metals, energies, stocks, ETFs, and cryptocurrencies. The broker lists 950+ symbols for CFD trading specifically. Spreads are floating and can start from 0.0 pips on the MT5 Sharp ECN account, but a commission structure applies.

For forex, indices, metals, and commodities, the commission is 0.007% of the trade value per half-turn (round trip 0.014%). For stock and ETF CFDs, the commission is 0.25% per half-turn with a minimum of 15 EUR/USD per half-turn. Crypto CFD commissions are also 0.25% per half-turn. Swap rates (overnight financing) apply and vary by instrument, as shown in the broker’s trading conditions table. Retail margin requirements are typically 3.33% to 5% for forex and indices, while professional margins are lower.

Earn supports deposit and withdrawal methods including bank wire transfer and credit/debit cards (Visa, Mastercard). Deposits via card incur a 2.4% inward transaction fee, while bank transfers are free but may take 2-3 business days. Withdrawals via SEPA EUR bank transfer cost 1 EUR, and international wire transfers cost $5. Minimum withdrawal amount is €5. Withdrawal processing times are stated as 2 to 10 business days.

The broker does not mention popular e-wallets like Skrill or Neteller on its own site, but some third-party reviews list these methods. It is advisable to verify available options directly with the broker. No deposit fees are charged by Earn for bank transfers, but intermediary bank fees may apply.

Earn is aimed at both retail and professional traders, as indicated by the availability of two leverage tiers. The broker’s minimum deposit of $100 and the use of the MT5 platform make it accessible to novice traders, while the ECN pricing model and high leverage for professionals may appeal to experienced traders. The wide range of instruments allows for diversification across asset classes.

However, the broker is not suitable for traders seeking a no-commission account or those who prefer fixed spreads. The risk warnings and regulatory constraints under ESMA mean that trading with leverage carries significant risk, particularly for retail clients. Professional classification requires meeting specific eligibility criteria and may reduce regulatory protections.