Pros

  • Well-regulated by CYSEC, offering some protection to EU clients
  • Established in 2010, providing over a decade of industry experience
  • Offers high leverage options up to 1000:1 for global clients
  • MetaTrader 4 and cTrader platforms available for versatile trading
  • Wide range of tradable assets, including Forex, Crypto, and Stocks
  • Segregated client funds for added security

Cons

  • Not publicly traded or providing its financials publicly
  • Not licensed in major markets like the UK or US
  • No investor compensation scheme for global clients
  • Limited user reviews and feedback
* On September 10, 2024

We tested TopFX using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* On September 10, 2024

TopFX is regulated by CYSEC in Cyprus and the FSA in Seychelles, offering a degree of security to its European clients through segregated client money and investor compensation schemes. However, it does not offer these protections for global clients, especially those under the FSA.

The broker has been in business since 2010, which positions it as a well-established player in the industry. Despite this, it's important to remember that even highly regulated brokers can face financial challenges.

Società Licenze e Regolamenti Denaro dei Clienti Segregato Fondo di Compensazione del Deposito Protezione del Saldo Negativo Rimborsi Leva massima per i clienti retail
TopFX Ltd fino a 20.000 € 30 : 1
TopFX Global Ltd 1000 : 1

Deposit Insurance

TopFX provides deposit insurance through the Cyprus Investor Compensation Fund for clients under its CYSEC regulation. This ensures that clients are compensated up to a certain limit if the broker fails.

However, clients trading under the FSA in Seychelles do not have the same level of protection, as Seychelles regulations do not mandate a compensation scheme.

Spreads and Costs

* On September 10, 2024

TopFX offers spreads that are in line with market-leading brokers when comparing averages across asset classes. Forex and crypto spreads are competitive, while commodities and indices have slightly higher spreads. The broker charges both spreads and commissions on certain account types, making it essential to consider the all-in cost when trading.

Swap Rates/Financing Fees

Swap rates are the fees charged for holding positions overnight. TopFX offers swap rates that are relatively in line with industry-leading brokers. Positive swap rates can offer an advantage as they provide a payout for certain positions, while negative swap rates incur additional costs. Understanding how these fees affect long-term trades is important for cost management.

Does TopFX Offer Islamic/Swap-free Accounts?

Islamic or swap-free accounts are offered to clients who follow Sharia law, prohibiting interest payments. TopFX does offer swap-free accounts, but they may require specific eligibility criteria. It's advisable to contact the broker directly or visit their website to check for the latest information on the requirements.

Other Fees

TopFX does charge certain fees outside of spreads and commissions. For example, withdrawal fees may apply depending on the payment method used. Additionally, there is an inactivity fee charged if the account remains inactive for a certain period.

Fee Type Amount
Withdrawal Fees Varies by method
Inactivity Fees Yes

Comparison to other Brokers

* On September 10, 2024

TopFX, with its CYSEC and FSA licenses, is a well-established broker offering competitive spreads and costs across various asset classes. Compared to industry leaders like IC Markets and Pepperstone, TopFX provides similar or slightly higher spreads on certain instruments.

While TopFX's regulatory status in Europe offers solid protection, its global clients under the FSA do not receive the same level of assurance. With its broad range of tradable instruments and high leverage options, TopFX is a strong contender for traders, though its user base and web traffic lag behind some of its larger competitors.

Trading Platforms - Mobile, Desktop, Automated

Platform Automated Trading Programming Language
MetaTrader 4 (Desktop, Mobile) Yes MQL4 (Moderately Easy)
cTrader (Desktop, Mobile, Web) Yes C# (Advanced)

TopFX offers two popular trading platforms, MetaTrader 4 and cTrader. Both platforms are available on desktop, mobile, and web, allowing traders to access the market from any device. MetaTrader 4 is known for its user-friendly interface, powerful charting tools, and automated trading capabilities using the MQL4 programming language, which is relatively easy to learn for most traders.

cTrader offers advanced charting features and supports automated trading with the C# programming language, which can be more challenging but offers more robust customization for experienced traders.

What Can You Trade?

Asset Class Number of Instruments
Forex CFD 55+
Crypto CFD 13
Stock CFD 599
Stock Index CFD 14
Commodities CFD 8
ETFs CFD 18

TopFX offers a wide range of tradable instruments, including over 55 forex pairs, 13 cryptocurrency pairs, and 599 stock CFDs. Clients can trade CFDs (Contracts for Difference), meaning they don't own the underlying asset but speculate on its price movements.

CFDs allow for the use of leverage, which can amplify both profits and losses. For more information on the instruments available, visit the broker’s website.

Available Leverage

TopFX offers leverage up to 1000:1 for clients under its FSA regulation, while clients in the EU under CYSEC are limited to 30:1 due to regulatory restrictions.

The available leverage varies depending on the asset class and regulatory jurisdiction, allowing traders to adjust their risk exposure accordingly.

Prohibited Countries

TopFX does not accept clients from certain jurisdictions, including the United States, Canada, and Iran. It's important to check directly with the broker for the most up-to-date list of prohibited countries.

TopFX Tipi di conto

  Zero Raw cTrader Zero cTrader Raw
Leva massima1000:1
Piattaforma mobileMT4 MobilecTrader Mobile
piattaforma di tradingMT4cTrader
Tipo di spreadVariable Spread
Deposito minimo50
Volume minimo di trading0,01
Trailing stop
Scalping consentito
Hedging consentito
Conti islamici
  Zero
Leva massima 1000:1
piattaforma di trading MT4
Piattaforma mobile MT4 Mobile
Tipo di spread Variable Spread
Deposito minimo 50
Volume minimo di trading 0,01
Trailing stop
Scalping consentito
Hedging consentito
Conti islamici
  Raw
Leva massima 1000:1
piattaforma di trading MT4
Piattaforma mobile MT4 Mobile
Tipo di spread Variable Spread
Deposito minimo 50
Volume minimo di trading 0,01
Trailing stop
Scalping consentito
Hedging consentito
Conti islamici
  cTrader Zero
Leva massima 1000:1
piattaforma di trading cTrader
Piattaforma mobile cTrader Mobile
Tipo di spread Variable Spread
Deposito minimo 50
Volume minimo di trading 0,01
Trailing stop
Scalping consentito
Hedging consentito
Conti islamici
  cTrader Raw
Leva massima 1000:1
piattaforma di trading cTrader
Piattaforma mobile cTrader Mobile
Tipo di spread Variable Spread
Deposito minimo 50
Volume minimo di trading 0,01
Trailing stop
Scalping consentito
Hedging consentito
Conti islamici

TopFX Traffico web

I dati sul traffico web provengono da SimilarWeb e sommano i dati di traffico di tutti i siti web associati a un broker. Le visite organiche sono visite che il broker non ha pagato, basate sui dati disponibili. Questi dati si aggiornano mensilmente e possono basarsi su dati acquistati da fornitori di servizi internet, metriche di traffico fornite da terzi come Google Analytics che l'azienda sceglie di condividere con SimilarWeb, ecc.

Siti web
topfx.com.sc
topfx.com
Visite mensili organiche 28.631 (99%)
Classifica del traffico organico 203 su 1122 (Broker di mercati valutari)
Visite mensili pagate 187 (1%)
Totale visite mensili 28.818
Tasso di rimbalzo 0%
Pagine per visita 0,00
Durata media delle visite 00:00:00

TopFX Profilo

Nome società TopFX Global Ltd
Categorie Broker di mercati valutari, Broker di criptovalute, Forex Rebates, Cryptocurrency Rebates
Categoria primaria Broker di mercati valutari
Anno di istituzione 2010
Sede centrale Seychelles
Sedi degli uffici Seychelles
Valuta conto EUR, GBP, USD
Lingue per assistenza Arabo, Cinese, Inglese, francese, greco, hindi, ungherese, giapponese, polacco, portoghese, russo, spagnolo, tailandese, Turco, vietnamita, Urdu, Bahasa (indonesiano)
Metodi di finanziamento Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Neteller, Perfect Money, Skrill, SticPay, Ethereum, Bitwallet, Tether (USDT), DragonPay, Pix, M-Pesa, Apple Pay, Googlepay
Strumenti finanziari Mercato valutario, Azioni / Equities, Indici, Petrolio / Fonti di energia, Criptovalute, Metalli preziosi, ETFs
Paesi proibiti Belgio, Canada, Mi sono imbattuto, Corea del nord, Myanmar, Stati Uniti
Assistenza continua
Conti segregati
Conti islamici
Accetta clienti canadesi
Accetta clienti giapponesi
Demo senza scadenza
API per trading
Conti Cent
Protezione del bilancio negativo
Trading sociale
Assicurazione dei depositi regolamentari
Trailing stop
Bonus
Interessi sul margine
Spread fisso
Spread variabile