TopFX is an online trading broker that operates the straight-through processing (STP) execution model and offers fast trade executions below 25 ms, with competitive spreads and commissions. The broker is regulated and operates from Seychelles, offering online trading services in more than 1,000 financial instruments across different asset classes, including forex, indices, shares, metals, energies, ETFs, and more, via multiple trading platforms. Traders are provided with educational resources and a customer support team to assist them.
TopFX Review Introduction
In this TopFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including TopFX.
TopFX Platforms & Tools
The broker provides traders with the MT4 platform, which is one of the most widely used platforms among traders globally. It has an intuitive and user-friendly interface, which makes it suitable for both beginner and professional traders. MT4 allows you to trade with an expert advisor, copy the trades of signal providers, and access a suite of indicators.
The broker also provides traders with the cTrader trading platform. It has three basic functionalities: Trade, Copy, and Automate. The Trade interface is developed with a range of trading tools to satisfy even the most demanding trader. The Copy functionality of the platform enables you to copy strategies, while the “Automate” functionality is used by traders who prefer using already-made robots to trade or who wish to develop their own cBots and custom indicators.
Both the MT4 and the cTrader trading platforms are available as desktop applications for Windows and Mac computers, WebTraders that run directly on modern web browsers without the need to install any software, and mobile apps for Android and iOS devices.
TopFX Research & Education
Educational resources are provided with the aim of enhancing clients’ trading knowledge, and they include PRs & Interviews, Events, Market Holidays, Trading Articles, and Videos.
TopFX Trading Accounts
TopFX offers only one live account, which is denominated in multiple currencies, including EUR, JPY, USD, CHF, and GBP.
TopFX Account Funding
Traders can deposit and withdraw fund from their trading accounts using any of the following payment methods:
- Bank wire transfer
- Credit/Debit Cards (Visa, MasterCard)
- Online payment processors, such as Neteller and Skrill
The transaction processing times may vary depending on the payment method used.
TopFX Customer Service
The broker provides traders with a customer support team that is polite and prompt in response. They are available 24/7 and can be reached through telephone, email, Live Chat, or by filling the ‘contact us’ form on the broker’s website.
TopFX is the trade name of Fondex Limited, a company registered under the Laws of Seychelles and licensed by the Financial Services Authority (FSA) of Seychelles with a Securities Dealer License No: SD037. They are also regulated by the Cyprus Securities and Exchange Commission (CySEC).
TopFX Review Summary
TopFX is an online trading broker that is based in Seychelles. The broker is regulated by CySEC and FSA and offers over 1,000 financial products for trading via the MT4 and cTrader platforms. They offer one live trading account, with price streams, rapid trade execution, and competitive spreads and commissions. There is a selection of educational resources and a client support team to assist their clients.
It is worth mentioning that some of the trading products and services in this TopFX review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the TopFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.