TopFX Overall rating
Rating | Weight | |
Popularity |
3.4
|
3 |
Regulation |
5.0
|
2 |
User Rating |
Not rated
|
3 |
Pricing rating |
Not rated
|
1 |
Features |
Not rated
|
1 |
Customer Support |
Not rated
|
1 |
TopFX is a multi-asset broker founded in 2010, offering a range of trading services across forex, indices, commodities, and cryptocurrencies. Regulated by CySEC and the Seychelles FSA, TopFX provides traders with access to competitive pricing, low spreads, and high leverage.
The broker supports popular platforms such as MetaTrader 4, MetaTrader 5, and cTrader, catering to both retail and institutional clients. With its focus on liquidity provision and tailored trading solutions, TopFX appeals to both beginners and advanced traders looking for a flexible and secure trading environment.
Pros
- Regulated by CYSEC, offering some protection for EU clients
- Established in 2010, with over a decade of experience
- High leverage up to 1000:1 for international clients
- Supports MetaTrader 4 and cTrader platforms
- Wide variety of assets to trade: Forex, Crypto, Stocks, and more
- Client funds are kept separate for extra security
Cons
- Not a publicly traded company, doesn’t disclose financials
- No licenses in major markets like the UK or US
- No compensation scheme for non-EU clients
- Limited customer reviews available
We tested TopFX using real-money live accounts. Our reviews are based on unbiased testing, using live accounts and real data from the broker’s platforms. We don’t favor or criticize brokers unless our findings support it. While we offer paid advertising, our review content stays neutral. For more details, visit our About Us page.
TopFX Profile
Company Name | TopFX Global Ltd |
Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
Primary Category | Forex Brokers |
Year Founded | 2010 |
Headquarters | Seychelles |
Office Locations | Seychelles |
Account Currency | EUR, GBP, USD |
Support Languages | Arabic, Chinese, English, French, Greek, Hindi, Hungarian, Japanese, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese, Urdu, Bahasa (Indonesian) |
Funding Methods | Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Neteller, Perfect Money, Skrill, SticPay, Ethereum, Bitwallet, Tether (USDT), DragonPay, Pix, M-Pesa, Apple Pay, Googlepay |
Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs |
Prohibited Countries | Belgium, Canada, Iran, North Korea, Myanmar, United States |
Trustworthiness & Regulation
TopFX is regulated by CYSEC in Cyprus and the FSA in Seychelles. While this provides strong protections for European clients (such as segregated funds and an investor compensation scheme), global clients, particularly under the FSA, don’t receive the same level of protection.
TopFX has been operating since 2010, giving it solid experience in the industry. Even so, always remember that regulation doesn’t fully eliminate risks.
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
TopFX Ltd | up to €20,000 | 30 : 1 | ||||
TopFX Global Ltd | 1000 : 1 |
Deposit Insurance
TopFX offers deposit insurance through the Cyprus Investor Compensation Fund for clients under CYSEC regulation. This guarantees a payout up to a certain limit if the broker collapses.
However, clients trading under the FSA in Seychelles don’t benefit from the same insurance, as Seychelles regulations don’t mandate this kind of protection.
TopFX Account types
Zero | Raw | cTrader Zero | cTrader Raw | |
Maximum leverage | 1000:1 | |||
Mobile Platform | MT4 Mobile | cTrader Mobile | ||
Trading platform | MT4 | cTrader | ||
Spread Type | Variable Spread | |||
Minimum Deposit | 50 | |||
Minimum Trade Size | 0.01 | |||
Trailing Stops | ||||
Scalping Allowed | ||||
Hedging Allowed | ||||
Islamic Accounts |
Zero | |
Maximum leverage | 1000:1 |
Trading platform | MT4 |
Mobile platform | MT4 Mobile |
Spread type | Variable Spread |
Minimum deposit | 50 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
Raw | |
Maximum leverage | 1000:1 |
Trading platform | MT4 |
Mobile platform | MT4 Mobile |
Spread type | Variable Spread |
Minimum deposit | 50 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
cTrader Zero | |
Maximum leverage | 1000:1 |
Trading platform | cTrader |
Mobile platform | cTrader Mobile |
Spread type | Variable Spread |
Minimum deposit | 50 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
cTrader Raw | |
Maximum leverage | 1000:1 |
Trading platform | cTrader |
Mobile platform | cTrader Mobile |
Spread type | Variable Spread |
Minimum deposit | 50 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
Spreads and Costs
TopFX offers competitive spreads for Forex and crypto, while the spreads for commodities and indices are slightly higher. They also charge commissions on certain account types, so it’s important to check the full cost structure when choosing an account.
Swap Rates/Financing Fees
Swap rates apply when you hold a position overnight. TopFX offers swap rates similar to other brokers. Positive swap rates can be an advantage, but negative swap rates can increase costs, especially on long-term trades.
Other Fees
TopFX charges fees outside of spreads and commissions. These include withdrawal fees, which vary based on the payment method, and inactivity fees if your account is dormant for a period.
Fee Type | Amount |
---|---|
Withdrawal Fees | Varies by method |
Inactivity Fees | Yes |
Islamic/Swap-free Accounts
Yes, TopFX offers swap-free accounts for clients who follow Sharia law. However, eligibility criteria may apply, so it’s best to contact the broker directly for details.
Comparison to other Brokers
TopFX is well-regulated and offers competitive spreads, making it a good option for traders. However, its protection for non-EU clients is not as strong as brokers regulated in stricter jurisdictions like the UK or Australia. While TopFX has a wide range of tradable instruments and high leverage, it has a smaller user base compared to top brokers like IC Markets or Pepperstone.
Trading Platforms
Platform | Automated Trading | Programming Language |
---|---|---|
MetaTrader 4 (Desktop, Mobile) | Yes | MQL4 (Moderately Easy) |
cTrader (Desktop, Mobile, Web) | Yes | C# (Advanced) |
TopFX offers both MetaTrader 4 and cTrader, two of the most popular platforms. MetaTrader 4 is beginner-friendly with strong charting tools and automated trading features using MQL4. cTrader, on the other hand, is more advanced and supports automated trading in the C# language, offering more customization for experienced traders.
Available Instruments
Asset Class | Number of Instruments |
---|---|
Forex CFD | 55+ |
Crypto CFD | 13 |
Stock CFD | 599 |
Stock Index CFD | 14 |
Commodities CFD | 8 |
ETFs CFD | 18 |
TopFX offers over 55 Forex pairs, 13 cryptocurrencies, and nearly 600 stock CFDs. As CFDs, traders speculate on price movements without owning the underlying asset. Be mindful of leverage, which can boost profits but also increase losses.
Leverage
TopFX offers leverage up to 1000:1 for clients under FSA regulation, while European clients are limited to 30:1 due to EU laws. The leverage depends on the asset and regulatory jurisdiction, giving traders flexibility to manage risk.
Prohibited Countries
TopFX doesn’t accept clients from certain countries like the United States, Canada, and Iran. Be sure to check the broker’s website for the most up-to-date list of restricted areas.
Education
TopFX offers a variety of educational resources aimed at helping traders improve their skills. These include webinars, trading guides, and platform tutorials. However, the content can be quite basic and may not be enough for advanced traders looking for in-depth material.
Promotions
TopFX doesn’t offer many promotions or bonuses, focusing more on its core services. However, it occasionally runs special offers for new clients, so it's worth checking their website for any current promotions.
TopFX User Rating
TopFX reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
TopFX Cashback rebates
Zero | Raw | cTrader Zero | cTrader Raw | |
Forex | Majors & Minors 0.40 Pips | Majors & Minors $1.25 Per Lot | Majors & Minors $20 Per 1 Million USD Traded | Majors & Minors $6.25 Per 1 Million USD Traded |
Oil / Energies | $4.00 Per Lot | $1.25 Per Lot | $20 Per 1 Million USD Traded | $6.25 Per 1 Million USD Traded |
Metals | Gold $4.00 Per Lot | Gold $1.25 Per Lot | Gold $4.00 Per Lot | Gold $6.25 Per 1 Million USD Traded |
Cryptocurrencies | BTC & ETH $0.40 Per Lot | BTC & ETH $0.125 Per Lot | BTC & ETH $20 Per 1 Million USD Traded | BTC & ETH $6.25 Per 1 Million USD Traded |
Payment Options |
Monthly Cash Back
|
Zero | |
Forex |
Majors & Minors 0.40 Pips |
Oil / Energies | $4.00 Per Lot |
Metals | Gold $4.00 Per Lot |
Cryptocurrencies |
BTC & ETH $0.40 Per Lot |
Payment Options |
Monthly Cash Back
|
Raw | |
Forex |
Majors & Minors $1.25 Per Lot |
Oil / Energies | $1.25 Per Lot |
Metals | Gold $1.25 Per Lot |
Cryptocurrencies |
BTC & ETH $0.125 Per Lot |
Payment Options |
Monthly Cash Back
|
cTrader Zero | |
Forex |
Majors & Minors $20 Per 1 Million USD Traded |
Oil / Energies | $20 Per 1 Million USD Traded |
Metals | Gold $4.00 Per Lot |
Cryptocurrencies |
BTC & ETH $20 Per 1 Million USD Traded |
Payment Options |
Monthly Cash Back
|
cTrader Raw | |
Forex |
Majors & Minors $6.25 Per 1 Million USD Traded |
Oil / Energies | $6.25 Per 1 Million USD Traded |
Metals | Gold $6.25 Per 1 Million USD Traded |
Cryptocurrencies |
BTC & ETH $6.25 Per 1 Million USD Traded |
Payment Options |
Monthly Cash Back
|
Notes
- EU residents
- trading bonus funds
What are TopFX rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do TopFX rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much TopFX rebates can I earn?
Are TopFX rebates a scam; do my spreads increase?
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are there any other benefits to signing up for TopFX rebates?
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
TopFX Regulation / Money Protection
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
TopFX Ltd | up to €20,000 | 30 : 1 | ||||
TopFX Global Ltd | 1000 : 1 |
TopFX Symbols
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