On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against TOP LIVE OPTION FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/top-live-option-fx-topliveoptionfxonline

TOP LIVE OPTION FX fails to provide regulatory and licensing data, which is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors since it claims to be located in the UK. However, the FCA has warned the public that it is not authorized and regulated by the agency. In addition, TOP LIVE OPTION FX mentions the Australian Securities and Investments Commission (ASIC) on its About page to imply possible association with the authority. However, our search for this broker in the ASIC registry disproved such attempt.

In essence, TOP LIVE OPTION FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.