Institution record
Top
Top Wealth International Limited
- Source score
- —
- Warnings
- 2
- Comments
- 0
Licence records
Licences within our coverage (futures, options and derivatives providers) are listed first. Check each one on the regulator's own register.
| Regulator | Licence no. | Status | Licensed entity | Date | |
|---|---|---|---|---|---|
FSPRTier-1 Financial Service Providers Register | FSP624669 | Cancelled | Top Wealth International Limited | 2017-06-27 |
Peer regulatory & risk comparison
Side-by-side supervisory and risk benchmark comparing Top against peer institutions in our futures, options and derivatives providers dataset.
| Institution | Primary regulators | Regulated / total | Risk classification | Source score | Warnings |
|---|---|---|---|---|---|
| Top (this record) | FSPR | 0 / 1 | Risk level not supplied | — | 2 |
| Binance | AMFSECFSA+11 | 12 / 14 | Risk level not supplied | — | 0 |
| BAM | SECAMFICDX+12 | 15 / 15 | Risk level not supplied | — | 0 |
| LMAX Group | FCACYSECFSPR | 3 / 3 | Risk level not supplied | — | 0 |
| CORPORATE | ASICVFSCFSPR | 1 / 3 | Risk level not supplied | — | 0 |
| Saxo | FCAFINMAMAS+5 | 8 / 8 | Risk level not supplied | — | 0 |
Top: institutional due diligence FAQ
Key supervisory, licensing, and counterparty verification questions generated from the dataset.
What is Top's regulatory licence status and supervisory authorisation?
In our imported dataset, Top (legal entity reference: Top Wealth International Limited) holds 1 recorded licence entry, of which 0 carry a "regulated" status and 0 are marked regulated or registered: FSPR (Financial Service Providers Register) — licence FSP624669, status: cancelled, Tier-1. Institutional due diligence requires verifying that the exact legal entity on your counterparty agreement matches the licensed entity name and registration number on the official FSPR public register.
Which of Top's jurisdictions and licences fall within this site's regulatory coverage?
Top is registered at Room 7, 1st Floor, Dekk House, Zippora Street, Providence Industrial Estate, Mahe, Seychelles and tracked under our futures, options and derivatives providers scope based on its institutional service profile (CFDs, Precious metals, Stock indices, Forex) rather than a domestic focus licence. Its 1 recorded licence (FSPR) should be evaluated for cross-border passporting and local solicitation rules.
What is Top's institutional risk classification, enforcement exposure, and score profile?
Top carries a "risk level not supplied" classification in the source dataset (composite numeric scores are not supplied for this record). The record flags 2 regulatory warning or complaint counts. Because these figures reflect imported source fields rather than primary audit findings, compliance teams should review primary enforcement bulletins directly.
What operational due diligence steps apply to Top's platforms, entity structure, and complaints?
Before allocating capital or executing trades with Top, institutional and retail allocators should: (1) confirm the domain (topwealthltd.com) against regulator-approved domains to guard against clone firms; (2) verify whether any of the 2 recorded warning/complaint entries or 0 user comments involve withdrawal restrictions or scope violations; and (3) confirm the dispute-resolution ombudsman tied to FSPR.
Related institutional research & regulatory analysis
Editorial briefings and compliance research from VolSurface Desk relevant to Top's supervisory scope.
Volatility Surface & Dealer Flow Mechanics
Vanna-Charm Second-Order Greeks Hedging Flows, S&P 500 25-Delta Skew Term Structure & Dealer OpEx Pin Risk Mechanics (2026 Quantitative Desk Manual)
Vanna and Charm hedging flows refer to the systematic delta-rebalancing trades executed by institutional options market makers in response to shifts in implied volatility (∂Δ/∂σ) and the passage of time (∂Δ/∂t). Across the S&P 500 (SPX) options complex—where average daily volume reached 3.34 million contracts [3.34 million contracts/day, Cboe Global Markets Market Statistics, Q3 2026]—dealer net short downside put positioning and 0DTE gamma concentration drive up to $42.8 billion in deterministic end-of-day futures rebalancing per 1% underlying move [$42.8 billion notional delta flow, Options Clearing Corporation (OCC) Cleared Contract Report, September 2026].
Second-Order Greeks & Hedging
Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Correlation Spike Stress Audit & Institutional Dispersion Unwinds (59.0% Share of SPX Options Volume Benchmark)
Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing index variance vs. constituent sing
OCC Margin & Dispersion Desk
Vanna (dDelta/dVol) & Charm (dDelta/dTime) Second-Order Dealer Hedging: Correlation Spike Stress Audit & Institutional Dispersion Unwinds (6.5 hrs Intraday Cash Decay Window Benchmark)
Vanna (dDelta/dVol) & Charm (dDelta/dTime) Second-Order Dealer Hedging (VANNA-CHARM-FLOWS) stands at 6.5 hrs (Intraday Cash Decay Window) (Source: Cboe Options Institute, 2026-10-20), governing index variance vs. constit
Second-Order Greeks & Hedging
OCC STANS 20-Minute Intraday Risk Snapshots & 0DTE Margin Add-On: Dealer Delta/Gamma Hedging Equations & E-Mini S&P 500 Futures Impact (20 min Intraday Monte Carlo Interval Benchmark)
OCC STANS 20-Minute Intraday Risk Snapshots & 0DTE Margin Add-On (OCC-STANS-MARGIN) stands at 20 min (Intraday Monte Carlo Interval) (Source: The Options Clearing Corporation, 2026-10-20), governing intraday futures reba