Score
Cyprus
|
10-15 years
|
Environment A
|https://topfx.com.sc/en
Website
Rating Index
Environment
A
Average transaction speed (ms)
MT4/5
Full License
TOPFX-Demo Server
Influence
B
Influence index NO.1
Italy 4.36Speed：AA
Slippage：AAA
Cost：C
Disconnected：AA
Rollover：B
MT4/5 Identification
Full License
United KingdomInfluence
B
Influence index NO.1
Italy 4.36
LicensesLicensed Entity：Topfx Ltd
License No. 138/11
Single Core
1G
40G
1M*ADSL
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiFX Data provide
WikiResearch
topfx.com.sc
topfx.com
VIP is not activated.
| TopFX Review Summary | |
| Founded | 2019-11-27 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated |
| Market Instruments | Forex, Indices, Shares, Metals, Energies, Cryptocurrencies, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips(Average Spreads-EURUSD: 0.11) |
| Trading Platform | cTrader, MT4 (Windows, Android, iOS) |
| Min Deposit | No min. deposit |
| Customer Support | T:+248 4374705 |
| E: support@topfx.com.sc | |
| Facebook, Instagram, LinkedIn, Telegram | |
| Live Chat | |
TopFX is a broker that specializes in access to 600+ CFDs on forex, indices, shares, metals, energies, ETFs, and cryptocurrencies. The broker also provides up to 1000x max leverage and a demo account. The minimum spread is from 0.0 pips. Traders can also access the MT4 and cTrader trading platforms through TopFX.
| Pros | Cons |
| Regulated | No swap-free account |
| Leverage up to 1:1000 | Some negative voices: unable to withdrawal |
| Spread from 0.0 pips | No 24/7 customer support |
| MT4 available | |
| 600+ CFDs |
TopFX is authorized and regulated by the Cyprus Securities and Exchange Commission(CYSEC) with license No.138/11. The license type is Market Making(MM), making it safer than unregulated.
TopFX offers various market instruments, including forex, indices, shares, metals, energies, ETFs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
TopFX has three live account types: Zero, Raw, and VIP. Traders who want low spreads and don't mind commission can choose a Raw account, while those with a sufficient budget can open a VIP account.
In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Zero | Raw | VIP |
| Currency | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY |
| Spread from | 1 pip | 0 pip | 0.2 pip |
| Min. Deposit | No min. deposit* | $5000 | $50000 |
| Leverage | 1:1000 | 1:1000 | Up to 1:1000 |
| Commission | $0 | $2.75 per side per lot | $0 |
The spread starts from 0.0 pips and the commission is from zore. The lower the spread, the faster the liquidity.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Traders can conduct financial activities in MT4 and cTrader, available on Windows, Android, and iOS through TopFX. Investors can trade on mobile and tablet with the TopFX cTrader app and MT4. cTrader also supports Desktop & web versions.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Windows, Android, iOS | All |
| MT4 | ✔ | Windows, Android, iOS | Junior traders |
The first deposit amount is no limit. TopFX accepts bank payments, electronic payments, and QR payments for deposits and withdrawals. Electronic payments and QR payments can receive funds instantly, while bank payments can be processed within 5 days.
TopFX introduces synthetic indices trading on its cTrader platform, offering 24/7 access, stable volatility, and innovative features for traders seeking speed and simplicity.
TopFX, a regulated forex broker, has officially announced its Synthetics June Demo Competition, giving traders a chance to win a share of $5,000 in real prizes.
TopFX unveils a redesigned website and brand identity, offering faster trading, advanced technology, and institutional-grade liquidity for serious traders.
TopFX is a Prime Broker, which has been providing liquidity solutions since 2010. TopFx offers a decent variety of instruments, with 548 symbols and 45 forex pairs. However, TopFX doesn't offer MT5 or the larger range of markets typically offered by the leading brokers.
Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.
Prime brokerage firm TopFX has strengthened its Middle East operations with the promotion of Omar Al-Janabi, who is taking on an expanded role as global head of sales and business development.
Yes, CYSEC regulates TopFX with license number 138/11.
TopFX offers two account types: real account and demo account. There are three types of live accounts: Zero, Raw, and VIP.
Different account types have different minimum deposits. The Zero account has no minimum deposit, the Raw account has a minimum deposit of $5000, and the VIP account has a minimum deposit of $50000.
TopFX does not offer swap-free accounts, lacks 24/7 customer support, and there is negative news about difficulties in withdrawing funds.
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Almaliki5119
Iraq
Slippage on the XAU/USD deal and no compensation was received after contacting the company. Account number: 119744
Exposure
FX2410612999
Malaysia
My withdrawal delayed for 1 week and the customer service did not reply. How can I trust it.
Exposure
FX3790929812
Vietnam
I can't withdraw. It's a scam
Exposure
FX1924921592
Egypt
Rating: (⭐⭐⭐⭐☆ 4/5) TopFX is a reliable broker that offers low spreads, fast execution, and powerful trading platforms such as cTrader and MT4. It is suitable for individuals and companies, but may not be the best choice for beginners due to high leverage options.
Positive
Deccy
Pakistan
TopFX really impressed me with their low minimum initial deposit, making it easy for traders of all budgets to get started. And their trading platform is top-notch, with fast execution speeds, advanced charting tools, and support for multiple assets.
Neutral
al haj mohamed ibrahim
Algeria
One of the best companies in the Middle East, fast support and a secure company, I recommend it.
Positive
Sunshinny
Cyprus
Their efficient support team and use of the iCT5000X strategy were highlights. There were challenging moments in trading, but the fast deposits and withdrawals were commendable, as was the speedy execution and excellent spread.
Positive
FXGlobe Victims
United Kingdom
Good broker, their spreads are good and its execution is ok
Positive
菩提58947
Thailand
Yes, I am a big fan of TopFX. It gives me everything I need. I love its copy trading most, which allows me to make profits without spending too much energy or time. By the way, customer service is great! Marvelous!
Positive
momo74136
Pakistan
Sad tale I started with TopFX brokers in October 2020. And I traded the account for almost 2,000 USD. Tried to withdraw all my money NO GO! Then they froze my account. Now I can't see the site looks like it has been taken down! Very very sad.
Neutral
FX2479236698
Singapore
I can't withdraw my money. It's a scam.
Exposure
Rose
Hong Kong
Since last November 25th, I have deposited 200 thousand RMB in TOPFX . After profiting a few, I wanted to make a withdrawal. But the platform kept holding off with varied excuses.
Exposure
FX1938309117
Hong Kong
Why all person were out of contact after I just deposited money in the platform and traded one lot?Why the customer service didn’t reply me? Why I still haven’t any access to my withdrawal now? I have called the police.Declining my request,you are going to jail.
Exposure