In this TopFX review, you will find the whole truth about the trading conditions and broker reliability.
TopFX is a renowned liquidity provider that has been operating since 2010. It has received numerous awards from financial magazines and websites for its excellence in service.
In addition, Top FX is also a CFD regulated broker. Most traders fall under the jurisdiction of the FSA Seychelles regulator, and traders from the European Union under the jurisdiction of CySEC. These 2 regulators do not guarantee high broker reliability. But considering also the many real positive traders’ reviews on the Internet and more than 10 years of work, Top FX can be called a safe broker.
Now a short trading conditions review. TopFX offers clients to trade on MT4 and cTrader platforms, that are suitable for both beginners and professional investors. The broker has a fairly wide selection of assets – there are about 1000 of them, most of which are CFDs on stocks (900+) and forex (89+). Traders can choose one of 2 account types – Raw and Zero, the difference is in spreads and commissions. Regardless of the account type, the overall spread or commission for Major Forex is slightly below the industry average. Spreads and commissions for other asset types range from low to above average.
The situation with payment methods is a little worse – there are only 6 of them. But the low minimum deposit of $ 1 and the absence of commissions for depositing and withdrawing funds are also advantages. It should be noted that the broker does not have any materials for analytics and market research.
Despite all the advantages of Top FX, it has not earned traders’ recognition. The analysis of requests shows very low interest to the broker and clients have opened only 55,000+ accounts – this is a bad result for more than 10 years of work.
The total score may change after a detailed review of TopFX.
| Official site | https://topfx.com |
| Year of foundation | 2010 |
| Regulated by | CySEC, FSA Seychelles |
| Trading instruments | 1017+ assets CFDs on forex (89), indices (15), metals (5), energies (3), stocks (900), ETFs (5) |
| Spreads and commissions | Average floating spreads EUR/USD – from 0.7 pips or 5.5€/lot GBP/USD – from 1 pip USD/JPY – from 0.8 pips Gold – from 13 pips Oil – from 10 pips |
| Most popular | TopFX in Cyprus, Poland, Italy, Malaysia, Vietnam, Thailand |
| Provision of services in the US, UK, Canada, European Economic Area | the US, Canada the UK, European Economic Area |
| Min. trade size | 0.01 |
| Leverage | Up to 1:30 |
| Account types | Raw, Zero |
| Minimum deposit | $ 1 |
| Minimum withdrawal | |
| Deposit & withdrawal methods | 6+ |
| Payment Fees | |
| Trading hours | 24/5 |
| Trading platforms | MT4, cTrader |
| Mobile App | |
| Demo | |
| Copy Trading | PAMM |
| AT/Robots | |
| Bonus | |
| Affiliate program |
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