TOPFX

TopFX Review: Is TopFX Broker Good?

Broker overview and general information

TopFX was founded in 2010 as a CFD broker under the trademark of TopFX Global Ltd. It has been specializing in providing liquidity for over 12 years. During the first 10 years of its operations in the industry, the company provided its services to retail Forex brokers, investment companies and Proprietary Trading Firms. In 2020, the broker opened its doors to traders of all levels, allowing traders to trade over 600 assets across Forex, Stocks, Indices, Metals, Energies and other CFDs on the MT4 trading platform.

Licensing and Regulation

If you ask,TopFXIs it good? You should start by considering the license and registration factors first, which are as follows:

• TopFX Global Ltd. is a company registered under the laws of Seychelles with registration number 8424819-1 and is authorized by the Financial Services Authority (FSA) of Seychelles with Securities Dealer License No.: SD037.

• Topfx Ltd is authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11.

Trading products and services

Trading products

• Forex (Forex): Trade over 60 currency pairs with spreads starting at 0.0 pips, low commissions and fast order execution.

• Indices: Trade global indices with competitive spreads and leverage up to 1:20.

• Shares (shares): Access global stock markets by trading over 500 stock CFDs with zero commission*.

• Metals (metals): Add gold, silver, platinum or palladium to your trading portfolio. You can buy or sell in both directions.

• Energies (energy): Trade WTI Crude Oil, Brent Crude Oil and Natural Gas with tight spreads and reliable execution.

• ETFs (ETFs): Trade ETFs like any other CFD with a choice of 18 iShares funds.
  

Trading platforms and tools

• cTrader: Supports trading via desktop and web versions, as well as applications for smart devices.

• MT4 (MetaTrader 4): Supports trading via desktop version and application for smart devices.

TopFX Review: Account Types 

The broker offers two account types to choose from: Zero and Raw. Details are as follows:

RAW Account

• Currency: USD, EUR

• Starting Spread: 0.0 pips

• Leverage: Maximum 1:30

• Commission: €2.75 per side per 1 lot*

• Minimum/Maximum trade size: 0.01 / 100 lots

• Stop Out Level: 50%

• Minimum deposit: Depends on the payment method.

ZERO ACCOUNT

• Currency: USD, EUR

• Starting Spread: 0.5 pips

• Leverage: Maximum 1:30

• Commission: do not have*

• Minimum/Maximum trade size: 0.01 / 100 lots

• Stop Out Level: 50%

• Minimum deposit: Depends on the payment method.

*Note: Additional fees may apply depending on account type and trading method.

Deposit-Withdrawal Review

The broker offers a variety of deposit and withdrawal channels to meet the needs of traders, with negative balance protection and no deposit fees. In addition, all client funds are kept in segregated accounts with reputable banks for the safety of funds.

Deposit

• How to deposit money: There are multiple payment methods such as b-2-b-in-pay, Paytrust, Plusdebit, iDeal and Sofort that support currencies including USD, EUR, GBP, CHF, and JPY.

• Minimum deposit: 50 EUR or equivalent value in other currency.

• Processing time: The money will be credited to your account immediately.

Withdrawal

• Withdrawal Procedure: Investors must log in and fill out a withdrawal request form using the same method used to deposit funds.

• Processing time: All withdrawal requests are processed within 1 business day, but the time it takes for the funds to reach the customer's account may depend on the payment provider's processing time.

• Withdrawal Fee: There are no fees for most withdrawals, except for withdrawals below 100 EUR, which are subject to a flat fee of 10 EUR per withdrawal.

Support and Customer Service

Office location 

• KSENOS BUILDINGOffice No. 502, Troodous 2, Agios Athanasios, 4105, Cyprus

Contact channels

• +357 25352244

•  [email protected]

Broker Overview Summary

TopFX is a broker founded in 2010 and regulated by the Seychelles FSA. The broker offers over 600 assets including Forex, stocks, commodities and cryptocurrencies, along with advanced trading platforms such as MetaTrader 4 and cTrader, which are suitable for traders who want to use automated trading strategies or advanced analytical tools. It is suitable for both experienced and professional traders who are looking for high liquidity and competitive spreads, with negative balance protection and segregation of client funds for added security. However, the regulation from Seychelles may not be as strict as the leading authorities in Europe, so it is important to consider additional information and risks before investing.

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