Top Markets Solutions Ltd Review

When a broker lacks independent user reviews, the editorial desk at FXCanary shifts its focus to verifiable public records and the broker’s own claims. For Top Markets Solutions Ltd, trading as Earn, our review began by cross-checking the firm’s registration with the Cyprus Registrar of Companies and its authorisation with the Cyprus Securities and Exchange Commission (CySEC). We then examined in detail the disclosures on the official website earn.eu, including account terms, fee schedules, and risk warnings.

We treat any unverified claim with scepticism, and where the available information is thin, we tell you plainly. In Earn’s case, the firm holds a genuine CySEC licence, but the absence of trader reviews and certain inconsistencies in its public disclosures calls for a guarded approach. Our Scam Risk Score of 34 out of 100 reflects a firm that is legally registered and authorised, yet poses enough unanswered questions to warrant caution.

Top Markets Solutions Ltd is a Cypriot investment firm (CIF) that operates the trading brand Earn. The company was originally incorporated as Teletrade-DJ International Consulting Ltd and changed its name at some point after receiving its CySEC licence in 2011, according to publicly available business registry data. The official address is Esperidon 5, 4th Floor, Strovolos, 2001 Nicosia, Cyprus—a location consistent with many CySEC-regulated entities.

The firm’s website claims over 15 years of experience and more than 135,000 monthly executed trades, though we could not independently verify these figures. The rebranding from Teletrade-DJ to Earn is noteworthy because the earlier name is associated with a different international broker that has faced regulatory scrutiny in some jurisdictions. While Top Markets Solutions Ltd appears to be a legally distinct entity, the history may cause confusion and warrants deeper due diligence by prospective clients.

Earn is authorised by CySEC under licence number 158/11. As a Cyprus Investment Firm, it must comply with the Markets in Financial Instruments Directive (MiFID) II, which sets out conduct-of-business rules, capital adequacy requirements, and transparency obligations. One key protection is the requirement to hold client funds in segregated accounts at reputable credit institutions, separate from the firm’s own assets. This segregation is designed to protect traders in the event of the broker’s insolvency.

Additionally, Earn is a member of the Investor Compensation Fund (ICF) for CIFs, which can provide compensation of up to €20,000 per eligible retail client if the firm is unable to meet its financial obligations. While this safety net is valuable, it is not a guarantee against poor trading outcomes or fraudulent behaviour; it only covers a narrow set of circumstances. Under MiFID, the firm can also passport its services into other EU/EEA countries, but we saw no indication that it actively promotes outside Cyprus.

CySEC regulation does impose significant obligations, but the regulator has been criticised in the past for slow enforcement and a number of CIF failures. Therefore, while Earn’s licence provides a baseline of legitimacy, it is not a blanket endorsement. We always recommend that traders verify a firm’s status directly on the CySEC website before depositing, and they should be alert to any changes in the regulatory register.

Earn offers a single live account—the MT5 Sharp ECN—which simplifies the choice but also means the broker does not cater to different trading styles through tiered accounts. The minimum deposit is €100 or the equivalent in USD, which is relatively low and accessible. However, the account’s raw spreads and commission structure suggest it is designed for traders who are comfortable with paying a per-trade commission rather than a marked-up spread.

Importantly, Earn distinguishes between Retail and Professional clients. Retail clients benefit from stricter regulatory protections, including default negative balance protection and leverage caps of up to 1:30 for major forex pairs. Professional clients, who must meet certain quantitative criteria (such as portfolio size or trading frequency), can access leverage of up to 1:100 on forex, but they lose some regulatory safeguards. This dual classification is standard under CySEC rules, but traders should be aware that by opting up to Professional status they might waive access to the ICF and other protections.

Earn supports only the MetaTrader 5 (MT5) platform, which it brands as ‘Earn MT5’. MT5 is a powerful multi-asset platform that supports advanced charting, algorithmic trading via Expert Advisors, and a customisable interface. While the platform itself is robust, the lack of alternative choices—such as the more familiar MetaTrader 4 or a proprietary web trader—maybe a drawback for traders who prefer a simpler interface or who rely on a large library of third-party MT4 indicators.

Our review found that the broker does not advertise any mobile-specific trading app beyond the standard MT5 mobile applications, which are available for iOS and Android. We did not find any indication of a third-party social trading integration or a copy-trading service. The reliance on a single, albeit industry-standard, platform is reasonable, but it does mean the broker’s technological value is heavily dependent on the features MetaQuotes provides.

Earn advertises over 1,000 instruments across multiple asset classes, including forex, indices, commodities, metals, stocks, ETFs, and cryptocurrencies. The about page on the website also references bonds, futures, and options, though we could not locate these in the live trading conditions table; the available instruments appear to be almost entirely contract for differences (CFDs). This is a fairly typical product range for a CySEC-regulated CFD broker.

CFDs are complex derivatives that allow traders to speculate on price movements without owning the underlying asset. The risk warning published on the site states that between 45% and 55% of retail investor accounts lose money when trading CFDs with this provider, which is in line with industry averages but still alarmingly high. The inclusion of cryptocurrency CFDs with leverage up to 1:5 for retail clients is particularly risky given the volatility of those instruments.

The trading conditions page shows raw spreads for many instruments—often starting from zero pips—which suggests deep liquidity and competitive pricing. However, these are raw interbank-style spreads, meaning the total cost will include the commission. We would have liked to see historical average spread data to better gauge typical trading costs, but this information was not published.

Earn operates a commission-based model. For forex, metals, indices, and commodities, the commission is 0.007% per half-turn (i.e., per side). For stock and ETF CFDs, it is 0.25% per half-turn with a minimum of 15 EUR/USD per half-turn. Crypto CFD commissions are 0.25% per half-turn without a stated minimum. While the percentage may seem small, on larger trade sizes the costs can mount quickly, especially for stocks where the minimum commission floor could make small trades disproportionately expensive.

Swap rates are listed for each instrument, representing overnight financing costs for positions held past the day’s market close. Some swaps we checked were deeply negative on both the long and short side, which can substantially erode profits from carry trades or long-term positions. Deposit fees are also notable: the broker charges a 2.4% inward transaction fee for Visa and Mastercard deposits, which is high compared to many competitors who absorb these costs. Withdrawals are cheaper, with a €1 SEPA charge and a $5 fee for non-SEPA wire transfers, but processing can take up to ten business days, longer than the industry standard.

Overall, the fee structure is transparent in the sense that most costs are disclosed, but the cumulative impact on a frequent trader’s bottom line could be significant. We advise potential clients to simulate the total cost of a typical trade—including spread, commission, and swap if held overnight—before committing real capital.

The broker supports funding in EUR and USD, with bank transfers and Visa/Mastercard as the only explicitly mentioned methods. While some third-party sources suggest e-wallets like Skrill and Neteller might be available, we could not confirm this on the official website at the time of review. The absence of popular electronic payment methods could inconvenience traders who prefer instant transfers.

Bank transfers take a typical two to three days for deposits, but withdrawals are stated to take between two and ten business days for SEPA payments. International wire transfers may take even longer and are subject to potential intermediary bank fees deducted from the amount. The minimum withdrawable amount is €5, which is low and client‑friendly, but the overall slow turnaround and various fees diminish the user experience. We recommend testing with a small withdrawal early in the relationship to verify the broker’s processing speed and accuracy.

Earn’s MT5 Sharp ECN account is naturally suited to experienced traders who prefer raw spreads and a transparent commission structure over all-inclusive spreads. Scalpers and algorithmic traders will appreciate the ability to place trades at near-zero spreads, though they should be mindful of the high minimum commission on stocks and ETFs. Day traders who focus on forex or indices with high liquidity will likely find the pricing competitive, provided they can absorb the 0.007% half-turn commission.

Newcomers to online trading or casual investors are less likely to find the environment comfortable. The platform’s complexity, the lack of an entry-level account with fixed spreads, and the absence of educational resources on the website could make the learning curve steep. Moreover, the high proportion of losing retail accounts serves as a stark reminder that leveraged CFDs are high-risk instruments not suitable for everyone.

Investors who seek to hold real stocks or bonds directly, rather than trade CFDs, might be better served by a dedicated stockbroker. While Earn’s website alludes to real-asset brokerage and portfolio management, those services are labelled ‘coming soon’ and are not available for evaluation. Thus, the current offering is firmly centred on speculative derivatives trading.

Our independent checks against industry databases and regulatory alerts uncovered a few points that elevate caution. One database flagged that the broker’s business scope appeared ‘suspicious’, and an alert indicated a potential lack of a proprietary trading software—which is consistent with our observation that only MT5 is offered, but the alert may point to other technological gaps. While such alerts are not conclusive, they suggest that some third-party monitoring services harbour doubts about the firm’s operations.

Additionally, the discrepancy in the risk warning percentages across different pages of the site (45.34% vs 55.60%) is a minor but irritating inconsistency. It suggests a lack of attention to detail in disclosure, which can erode trust. We also note that the broker’s previous incarnation, Teletrade-DJ International Consulting Ltd, might be confused with the separate and sometimes troubled Teletrade brand; while Top Markets Solutions Ltd insists it is a different entity, the historical association could pose reputational risk.

The overall thinness of independent information is itself a red flag. With no user reviews to gauge service quality, dispute resolution, or withdrawal reliability, traders are essentially relying on the broker’s own word and the regulatory licence. FXCanary’s stance is that a valid licence is necessary but not sufficient; traders need a more complete picture of the firm’s operating history and client experience.

Our Scam Risk Score of 34 out of 100 places Top Markets Solutions Ltd (Earn) in the ‘Guarded’ category. This means it is not a textbook scam, but it also does not inspire the confidence of a top-tier broker. The CySEC licence and MiFID compliance provide a legal and operational backbone that many unregulated firms lack, and the broker’s offering—MT5 with raw spreads and a broad instrument range—can appeal to seasoned traders. However, the negatives weigh heavily: high deposit fees, slow withdrawals, persistent doubts from industry watchdogs, and a complete absence of independent user feedback.

For a cautious trader, the decision to open an account with Earn should be measured. We recommend verifying the licence status directly with CySEC, starting with a small deposit to test execution and withdrawal processes, and keeping exposure to an amount you can afford to lose. Under no circumstances should one treat this broker as a safe-haven for long-term investments, given its focus on CFD trading and the inherent high risk.

In the end, the ‘Guarded’ score is a call for prudence. Top Markets Solutions Ltd may well be a legitimate operator, but in an industry full of uncertainty, traders deserve a higher level of transparency and a cleaner track record before they can trade with peace of mind.