Score
TopFX
Cyprus|10-15 years| Benchmark A|https://topfx.com.sc/en
Website
Rating Index
Benchmark
Benchmark
A
Average transaction speed (ms)
MT4/5
Full License
TOPFX-Demo Server
Influence
A
Influence index NO.1
Italy 8.02Benchmark
Speed：C
Slippage：A
Cost：AAA
Disconnected：AA
Rollover：D
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomInfluence
Influence
A
Influence index NO.1
Italy 8.02Contact
Licenses
Licensed Institution：Topfx Ltd
License No.：138/11
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
Basic Information
Cyprus
Account Information
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
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Benchmark
WikiFX Data provideSources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
topfx.com.sc
Server Location
France
Website Domain Name
topfx.com.sc
Website
WHOIS2.AFILIAS-GRS.NET
Company
VCS PTY LTD
Domain Effective Date
2001-12-01
Server IP
212.83.147.92
-
topfx.com
Server Location
United States
Website Domain Name
topfx.com
Website
WHOIS.MONIKER.COM
Company
MONIKER ONLINE SERVICES LLC
Domain Effective Date
0001-01-01
Server IP
104.25.111.6
Genealogy
VIP is not activated.
KAWASE
FONDEX
MaxFX
Company Summary
| 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 Information
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 and Cons
| 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 |
Is TopFX Legit?
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.
What Can I Trade on TopFX?
TopFX offers various market instruments, including forex, indices, shares, metals, energies, ETFs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
Account Type
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 |
TopFX Fees
The spread starts from 0.0 pips and the commission is from zore. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
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 |
Deposit and Withdrawal
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.
Keywords
- 10-15 years
- Regulated in Cyprus
- Market Making(MM)
- MT4 Full License
- cTrader
- Global Business
- Medium potential risk
News
News TopFX Attends Wiki Finance Expo in Dubai and Looks Forward to The Forex Expo
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.
2022-10-09 14:21
News WIKIFX REPORT: TOPFX PROMOTES OMAR AL-JANABI TO 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.
2022-08-15 18:15
News WIKIFX REPORT: TOPFX PROMOTES OMAR AL-JANABI TO 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.
2022-08-01 14:47
News WIKIFX REPORT: Spotware Systems Announce Integration of TopFX With cTrader and cAlgo Platforms
Spotware Systems Ltd, a London-based financial technology firm that specializes in non-deliverable-date (NDD) trading, has announced a cooperation with TopFX Ltd, a prominent FX sub-prime broker, to provide more liquidity to their financial services clients.
2022-06-01 14:55
News WIKIFX REPORT: Michael Nichols joins Match-Trade Technologies as the new Head of Sales
Michael Nichols, an experienced institutional sales professional, has joined Match-Trade Technologies, an award-winning forex and crypto broker technology provider.
2022-06-01 14:15
News WIKIFX REPORT: TopFX Opens New Representative Office in Dubai
Institutionally-focused prime of prime broker TopFX has opened a new office in Dubai as part of its initiative to support the rapidly expanding user base in the Middle East.
2022-06-01 14:00
Review 12
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Review 12
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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
2023-11-06
FX2410612999
Malaysia
My withdrawal delayed for 1 week and the customer service did not reply. How can I trust it.
Exposure
2021-10-12
FX3790929812
Vietnam
I can't withdraw. It's a scam
Exposure
2020-10-23
FX2479236698
Singapore
I can't withdraw my money. It's a scam.
Exposure
2020-10-15
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
2020-03-03
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
2019-09-06
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
2024-07-11
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
2022-12-16
al haj mohamed ibrahim
Algeria
One of the best companies in the Middle East, fast support and a secure company, I recommend it.
Positive
2024-05-24
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
2024-04-19
FXGlobe Victims
United Kingdom
Good broker, their spreads are good and its execution is ok
Positive
2023-10-30
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
2023-02-24