TopFX Broker Reviews and Full Information

What exactly is TopFX?

TopFX is a global leading brokerage firm that specializes in providing liquidity. The company has been offering solutions for liquidity to brokers and other investment companies since the year 2010. Their experience in the provision of liquidity allows traders to trade over 1000 assets on shares, Forex Indices Metals, Energies and other CFDs with the most tight spreads on the market and sharp execution.

Through their decade-long involvement in the CFDs sector, TopFX has offered superior liquidity solutions to more than Forex brokerages, investment companies as well as hedge fund. In recent time, TopFX enhanced its offering by offering comprehensive solutions for new businesses which remove the hurdle for entry into the highly market. Forex Industry.

TopFX is a Forex Broker STP and also has the highest standards of a safe trading environments, according to the regulation that it imposes. The range of services available to clients is extensive and comprehensive because it provides the same they are not able to offer more investment options to the global trading community.

BottomFX's Pros as well as Pros and

TOpFX is a regulated broker with its headquarters in Cyprus and offers excellent trading conditions and full transparency. Opening accounts is quick and there are a variety of trading tools and platforms for traders, including the latest CTrader as well as copy-trading.

One of the cons is the absence of education resources and educational materials The international approach differs from European one.

TopFX Website

10 Points Summary

Headquarters Cyprus
Regulation CySEC, FSA
Instruments Forex, Indices, Shares, Stocks, Metals, Energies, ETFs, CFDs
Platforms MT4, cTrader
Minimum deposit 0$
Base currencies A variety of Currencies are offered
Demo Account Available
Spread EUR/USD 0.0 pip
Education No comprehensive education
Customer Support 24/5

 

 

Awards

Its high-quality model of execution and delivery of trading environment has been acknowledged with numerous awards and prizes from prominent publishers or exhibitors.

TopFX Awards

 

Is TopFX a reputable and safe broker or is it scam?

Yes, TopFX is not a scam . It is authorized and licensed as an Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11 in conformity to the Markets in Financial Instruments Directive (MiFID II). In simple terms , this means the broker is licensed and authorized to provide its trading services with appropriate safety measures and controls that are in place.

In addition to the license for the principal the broker is also an entity located in an offshore area, the Seychelles controlled by the Financial Services Authority (FSA). Even though we do not advise trading only with offshore brokers further regulations from Europe set out guidelines to be followed with security measures.

What are the best ways to protect yourself?

All funds from clients are stored in a secure manner, and are completely independent of TopFX's own funds. TopFX follows strict rules as well as has implemented all the necessary steps to ensure that clients' funds are safe. In addition, all business activities are inspected every month by external and internal auditors.

The CySEC numerous requirements, which have also been in compliance with MiFID directives such as financial reporting to regulators, and the undertaking of an extensive audit, ensuring the control of TopFX operations constant and unrivalled.

Additionally, TopFX is also a member of the ICF (Investor Compensation Fund) that resolves issues in unlikely situations and pays investors. Find out more information about CySEC here.

Although the other entity is situated within the offshore region, the offshores have also been introducing more stringent licensing requirements as well as ESMA rules. TopFX is regarded as a reputable broker to trade and invest with.

Fondex license

Leverage

Leverage is the instrument by which you can trade a huge amount of money by its ability to increase the your initial balance and the money is available to you. But the chance of profit or losses rises in tandem and this is why it is crucial to understand how to utilize leverage effectively.

Utilizing leverage allows you to have a greater exposure to one market while investing less. TopFX provides leverage as high as 11:30 so for every dollar that you have in your bank account, you have the ability to trade as much as $30.

A risk-level is determined in addition to the leverage level you are using because greater leverage significantly increases your risk of high risk of losing money, too.

This is why world authorities and regulators limit leverage for use in order to establish safe limits for traders who are retail. Thus, TopFX Cyprus entity together with its operations under ESMA rules provides the lowest leverage levels, as defined by regulators. That means European traders or clients associated at the TopFX European entities will be covered by the ESMA regulations, which recently restricted leverage.

  • Trading with the European TopFX, the maximum leverage is set at 1:30 Forex instruments.

 

Types of accounts

TopFX has two different types of accounts You can pick ultra-low spreads or fast execution for both accounts so, selecting the type of account you want to use is based on your individual preference.

With the RAW account, you are able trading with spreads beginning at 0.0 per cent and commissions of EUR2.75 per lot per day. The TopFX Raw account is perfect for traders who would prefer to get raw price feeds and pay commissions in separate installments. For certain traders, it could be a contributing factor to greater transparency of order execution but the TopFX Raw accounts offer similar efficiency in terms of cost as their ZERO accounts.

As an Liquidity Provider They offer an unbeatable price that is difficult to find in other places. Contrary to the common usage of making normal, no commissions account more expensive than Raw Spread account, TopFX offers the exact identical pricing for both types.

If you select the TopFX Zero account and you'll be able to trade with the lowest spreads that are all inclusive in the market. Furthermore, the company's lightning-fast execution and extensive liquidity assures the most efficient trading environment.

TopFX Account

Fees

In order to get to the most important details about fees for trading Be sure to check the correct terms since fees are determined by the type of account you select and may also be different depending on the platform you make use of to trade on.

Spreads

Forex Exchange Forex: Trade 89 currency pairs, with spreads beginning at 0.0 percent when you choose the RAW account . You can also trade at 0.5 pip when you select to use the ZERO Account.

Indices Choose to be bullish or neutral on the 14 world Indices with spreads beginning at 0.4 pip and commissions of EUR2.75 per lot, or choose an entire spread-based account.

Commodities: You can trade CFDs on Gold as well as Brent oil. Spreads start at 3 pips. Like FX and Indices you are able to opt for a RAW as well as a ZERO account.

TopFX Fees

Instruments

TopFX provides over 1000 markets to trade (including the most traded instruments, such as TopFX FX, Shares ETFs, Energies Indices, Metals, as well as a commodity brokers), so traders across the globe can gain access to the most reputable liquidity providers and global exchanges via sources exclusive aggregator engine that offers the best prices from banks that are tier-1-grade.

Methods for Deposit and Withdrawal

TopFX offers a variety of deposit methods, Negative Balance Protection and no charges on deposits. All funds of clients are kept in separate accounts with trustworthy banks.

TopFX has no charges for withdrawals and deposits However, you may be charged fees by your financial institution or payment service.

Your funds are held in separate accounts at trustworthy banks, and are not linked to TopFX's personal funds. This means that TopFX will not make use of your funds for any operational or other purpose.

Deposit methods

The broker accepts these payment methods:

  • Bank wire transfer
  • credit/debit cards (Visa, MasterCard)
  • Payment processors online, like PayPal, Neteller and Skrill

TopFX minimum deposit

TopFX has the absence of a minimum deposit . Thismeans you can open any type of account of the two provided by the broker, with any an amount that you would like to open.

The minimum deposit of TopFX is lower than other brokers

  TopFX Many Other Brokers
Minimum Deposit $0 $500

TopFX Payment Methods

Withdrawals

There are a variety of withdrawal methods to choose from, including the following options: Bank Transfers and e-wallets. the TopFX Client Area you must fill out the withdrawal request form. These requests is processed within one business day following the day the form is submitted.

 

Trading Platforms

The trading platform of choice gives the choice between the leading industry players MetaTrader4 and cTrader, a powerful trading platform.

Pros Cons
Auto trading and copy trading None
Trade with confidence using powerful tools  
Principalstays in the renowned MetaTrader 4 as well as cTrader  
Supporting various languages  
The app is available designed for iOS and Android  

MetaTrader 4.

MT4 is among the top renowned platform on the planet. It is a popular choice for traders due to its user-friendly interface, customization options and the wide array of trading tools that are automated.

The platform, which is available through TopFX It offers traders Forex Indices, Forex, Energies and Metals trading Interactive charting with 9 timeframes with 30+ indicators for technical analysis, simple modification to your preferred trading options, 1-click trading automated trading, trading via experts Advisors, Copy trading through PAMM accounts, trading signal generated by trading central Ability to create your own robots and customized indicators using MQL4. Available in a variety of languages.

CTrader

TopFX cTrader for its reliability and security, as well as advanced tools for technical analysis and the ability to mix multiple trading techniques in one user interface. If you are a trader who is manual requires an efficient platform that provides an easy-to-use interface, as well as sophisticated market analysis tools and risk management. cTrader features: Unlimited watchlists that can be separated and moved across your workspace, comprehensive details about the symbol as well as Live Sentiment information, wide selection of chart types: Candlesticks, Bar, HLC, Line, Heikin, Dots, Renko and more, 54 different timeframes between one minute and one month, valuable data on the volume of your order including pip value commission cost and the needed margin, 70plus technical analysis indicators, lines and oscillators advanced Take Profit and Stop Loss features trading on charts using drag-and-drop and one-click trading.

Mobile platform

Mobile trading is slowly increasing in popularity, as the bulk of the traders use multiple device to make and track their trades. It is available on as well Android as well as iOS The MT4 mobile application allows traders to trade from any location. It has three chart types including 9 timeframes, as well as 24 analytical objects, and a detailed details of transactions. You can make similar order types to those you can in the desktop version and have complete control over your trading account even when you are traveling.

the TopFX cTrader mobile application offers everything you require to provide the high-quality experience on the web and desktop platforms even when you're moving. It is available for Android as well as iOS and comes with dynamic charting, extensive information on the assets that are available as well as a full historical records of deals executed, and much more.

 

Customer Support

The customer support department of the broker is available via phone, email Live Chat, email or by filling out the form 'contact us' on the website of the broker.

TopFX Contact Us

Education

So the final part of the TopFX Review is education materials We found the fact that the broker offers educational articles on a wide range of subjects together with Forex News, Market holidays and the most recent market news.

There isn't currently a comprehensive education available on a global level but there are some regions that have very extensive educational programs, for instance Italy and the United States, in which TopFX organizes at least two webinars each week. You can find our webinars schedule on this page. The broker also has started education webinars for Thailand.

 

Conclusion

All in all, TopFXis a top-quality broker for trading strategies that provides flexibility with regards to the conditions, platforms, and instruments that it offers. Additionally, TopFX is a fully licensed broker, a important for your money security. However, the main drawback is the absence of educational resources and other resources, meaning that complete novices would have to look for courses and webinars and not elsewhere.

Summary
Properties Values
Name
TopFX
Minimum Diposit
$ 1
Leverage
1:30
Regulation
CySEC (Cyprus),,,
Headquarters
Cyprus
Established
2010
Address
Kanika Business Center 317, 28th Oktovriou St. 3105 Limassol, Cyprus
Platform
MT4,cTrader,,,,,
Payment Method
Visa,Mastercard,Credit Card,Wire,Skrill,Neteller,Webmoney,Union Pay,,,
Overview
Properties Values
Spreads
0.0 pip
Min Position size
0.01
Broker Type
ECN (electronic communications networks),NDD (Non Dealing Desk),,,,,
Account Type
Cent account,Mini account,Zero Spread,High Leverage,Islamic account,Standard,,,
Brokers by Country
Cyprus Forex Brokers,,,
Techniques
,,,,,Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,
Account currency
,USD,,USD,,USD,,USD,,USD,,USD,,USD,
Tools
Charting Software,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
4.2
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
No
Demo account
Yes
Swapsr
Yes
Pors
1. Auto trading and copy trading
2. Trade with confidence using powerful tools
3. Principalstays in the renowned MetaTrader 4 as well as cTrader
4. Supporting various languages
5. The app is available designed for iOS and Android
Cors
1. None
Display Analysis
Yes
Serving country
CY,,,
Not Serving country
BE,CA,IR,KP,US,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
PAMM,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+357 25 352244
Customer Support
24/5
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