About TopFX

This firm was established in 2010 to supply forex investment firms with liquidity and white label services. Since then, it has expanded into the retailing industry, providing extended Currency services.

Indonesia, Thailand, Malaysia, Vietnam, and Nigeria are among the firm’s active clients in Europe, Asia, and Africa. Customer feedback highlights speedy payouts and low trading expenses, and the company has won multiple honors. CySEC, the UK FCA, and the FSA all have licenses for online brokers. These are trustworthy organizations that inspire traders’ confidence. 90 currency pairs, 15 stock indexes, 900+ shares, 3 energies, 3 metals, and 25 ETFs are all available through the broker. Customers who open an FSA-regulated accounts can also trade six cryptocurrencies.

Trading platforms

Clients are provided with access to the MetaTrader 4 and cTrader platforms. Both are available as desktop apps, web platforms, and mobile apps for smart devices.

cTrader’s interface is clean and modern, with customizable charts and watchlists. The platform includes over 70 technical analysis indicators plus 54 different timeframes. The platform offers 3 types of market depth and 2nd level pricing.

• Detailed symbol information and real-time sentiment data
• Extended Take Profit and Stop Loss orders
• Range of charting modes
• Trade-in one click
• Convenient navigation

MT4

MT4 is the market leader in forex trading platforms with the largest number of users worldwide. The terminal is suitable for traders of all experience levels thanks to its convenient functions and a range of technical tools. Clients can use over 30 pre-installed indicators. Additional indicators and advisors can be purchased.

Leverage

The leverage available to TopFX customers depends on where they register an account. Regulators have various leverage limits, as detailed below.

CySEC leverage

• Exotic / Cross Currency Pairs – Up to 1:20
• Major currency pairs – until 1:30
• CFD on energy – up to 1:10
• CFD on metals – up to 1:20
• CFDs on indices – up 1:20
• CFDs on shares – up to 1: 5
• ETF – up to 1: 5

FCA leverage

• Major currency pairs – up to 1: 500
• Exotic currency pairs – up to 1: 100
• CFD on energy – up to 1: 200
• CFD on metals – up to 1: 200
• CFD on shares – up to 1:20
• Cryptocurrency CFDs – up to 1:10
• CFDs on indices – growth 1: 200
• ETF – up to 1:20

Fees

The firm gives reduced trading fees as a liquidity provider. Users can pick between the RAW and ZERO accounts, which have different spreads. Users with a RAW profile can trade spreads as low as 0 pips, with a charge of € 2.75 per side for every lot. Spreads start at 0.5 pips for clients with zero balances.

The typical currency spread is roughly 1.5 pips, which is lower than the industry average. On CFDs on stocks or ETFs, the business does not charge a fee. The spreads on indexes range from 0.9 to 10 pips.

Deposits

Payments to TopFX can be made by PayPal, card, e-wallet, or bank transfer. With the exception of bank transfers, which take 3-5 business days, transfers are processed instantly. Commission-free deposits.

Withdraw funds

The broker processes all payments within one business day. Depending on the transfer method, it may take a little longer for funds to be credited to customer accounts (up to 5 days for bank transfer). The firm does not charge any withdrawal fees.

Safety

A multi-regulated broker adheres to the security procedures in place to safeguard traders’ funds. At major European banks, user monies are kept separate from broker cash pools. In addition, the firm is a member of the ICF, which safeguards client funds in the event of an emergency, such as a broker’s bankruptcy. Clients that trade with the Seychelles office do not receive insurance, but they do benefit from negative balance protection and independent trade funds.

Additional tools

The training courses of the broker differ by territory. The company, for instance, runs webinars twice a week in Italy and Thailand. However, instructional resources in English are sparse. This is unfortunate because many brokers provide a wealth of additional trading tools to beginning traders. There are also no financial schedules or point or profit calculators available.

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