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TopFX Review

Why choose TopFX

Prime broker offering institutional-grade liquidity and trading solutions.

Pros

  • Access to deep liquidity pools.
  • Multiple trading platforms.

Cons

  • Primarily caters to institutional clients; limited educational resources for retail traders.
TopFX

TopFX

Fee Level:

Low

Inactivity Fee:

None

Index CFD Fee:

Low

Investor Protection:

Up to €20,000 under the Investor Compensation Fund (ICF).

Mobile Platform:

Visit TopFX

Provides a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees; competitive forex spreads starting from 0.0 pips with commissions.

Cons

  • Primarily caters to institutional clients; limited educational resources for retail traders.

Regulated by CySEC and FSA; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory framework and security measures, including SSL encryption and segregated client funds.

Cons

  • Primarily caters to institutional clients; limited educational resources for retail traders.

TopFX offers bank transfers, cards, Skrill, Neteller, and crypto. Deposits are instant; withdrawals take 1–3 business days.

Pros

  • Crypto-friendly, multiple e-wallets, fast deposits.

Cons

  • Crypto-friendly, multiple e-wallets, fast deposits.

TopFX supports quick online registration with identity verification taking 1–3 days.

Pros

  • Simple registration with flexible account options.

Cons

  • Simple registration with flexible account options.

TopFX provides mobile trading through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, offering standard features like real-time quotes, charting tools, and various order types.

Pros

  • Reliable performance, widely used platforms, comprehensive trading functionalities.

Cons

  • Interface may appear dated compared to newer apps; lacks proprietary features.

TopFX offers both MT4 and MT5 desktop platforms, known for their robust performance, advanced charting tools, and support for automated trading strategies.

Pros

  • Advanced analytical tools, customizable indicators, support for Expert Advisors (EAs).

Cons

  • No proprietary platform; interface may be complex for beginners.

TopFX offers a range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies, providing opportunities for diversified trading strategies.

Is TopFX a regulated broker?

TopFX Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (License No. CIF 138|11) and holds an investment license, authorising the company to provide Investment and Ancillary Services.

Does TopFX offer any educational resources?

TopFX's educational offerings are currently limited. The broker does not provide extensive educational materials such as tutorials, webinars, or trading courses, which may be a consideration for novice traders seeking educational support.

How can I contact TopFX's customer support?

TopFX offers customer support through various channels: Live Chat: Accessible on their website for real-time assistance. Email: Support is available via [email protected]. Phone: You can reach them at +2484671987. Support is available Monday to Friday during business hours. The support team is knowledgeable and responsive, ensuring that traders receive assistance when needed.

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