TopFX Review

Rana Adnan | March 24, 2022

TopFX is an online trading broker that offers online trading of more than 1,000 financial instruments across different asset classes, including forex, indices, shares, metals, energies, ETFs, and more, via multiple sophisticated trading platforms. The broker’s all-in-one broker solution offers a complete package of services to traders across the globe.

Broker Pros / Cons
  • Regulated brokerage
  • Multiple sophisticated trading platforms
  • A selection of educational materials
  • Various financial instruments
  • Multiple payment options
  • No standalone trading tools
  • No US clients
  • Not the lowest spreads
  • Minimum $200 deposit


TopFx is an established broker that has been providing institutional liquidity to investment firms and retail forex traders since 2010. They provide traders with the sophisticated MT4 and cTrader trading platforms offering price streams with no artificial slippage & requotes, ultra-fast execution below 25 ms, competitive spreads and commissions.


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 does not offer its services to residents of the United States of America, Japan, North Korea, Iran, and other countries where such services are prohibited.


MetaTrader 4 Trading Platform

They provide traders with the MT4 platform, which is the most popular platform among traders globally. It is user-friendly, customizable, and simple enough for beginners to practice trading on a dem oaccount. MT4 allows you to trade with an expert advisor, copy the trades of your money managers, and access a suite of indicators.

cTrader Trading Platform

The broker also provides traders with the sophisticated cTrader trading platform. It has three basic functionalities: Trade, Copy, and Automate. The Trade interface for manual trading is a premium, cross-device, DMA platform that boasts of an impressive array of trading and risk management tools to satisfy even the most demanding trader. The Copy functionality of the platform enables you to copy strategies although there is no guarantee of the results and your capital is at risk when trading online. For automated trading, cTrader offers the “Automate” functionality to attract either traders who prefer using robots to trade or algo traders who are looking 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, WebTrader, and mobile apps for Android and iOS devices.

TopFX Trading Platform

TopFX Trading Platform


There are no well-defined standalone trading tools on the broker’s website, but the provided trading platforms should have enough built-in tools to satisfy even the most demanding traders.


The broker provides clients with a good selection of educational resources, including PRs & Interviews, Events, Market Holidays, Trading Articles, and Videos.

TopFX Trading Videos

TopFX Trading Videos


TopFX offers online trading of more than 1,000 trading instruments across different asset classes, including forex, indices, shares, metals, energies, ETFs, and more.


TopFX provides their clients with only one account that clients can use when trading with the broker. Clients have the opportunity to open their accounts using different currencies, like the EUR, JPY, USD, CHF, and GBP.


The broker’s customer support team can be reached via telephone, email, Live Chat, or by filling the ‘contact us’ form on the broker’s website.


The broker accepts the following payment methods:

  • Bank wire transfer
  • Credit/Debit Cards (Visa, MasterCard)
  • Online payment processors, such as Neteller and Skrill
TopFX Deposit & Withdrawal Methods

TopFX Deposit & Withdrawal Methods


To open an account, just click on the ‘Open Account’ button and properly fill the displayed form.


What is the TopFX minimum deposit?

The minimum deposit required by TopFX is $200.

How do I deposit money into TopFX?

The following deposit methods are available at TopFX: wire transfer, credit/debit cards, and some online payment processors like Neteller and Skrill.

What are TopFX deposit fees?

TopFX does not charge any deposit fees, but some payment providers may charge transaction processing fees.

How do I withdraw money from TopFX?

You can withdraw funds from your TopFX account using wire transfer, credit/debit cards, and some online payment processors like Neteller and Skrill.

What are the TopFX withdrawal fees?

TopFX charges no fees for withdrawals; however, you might incur fees charged by your bank or payment provider.

What is the TopFX commission fee?

The TopFX commission starts from $0.

Are there any TopFX inactivity fees?

TopFX charges an inactivity fee of $5 on clients’ accounts after 90 days of dormancy. The inactivity fees are used to maintain the trading account, and they are deducted directly from the clients’ available account balance.

What are the TopFX account types?

TopFX provides clients with a single live trading account to trade all the available financial instruments.

Is there a TopFX demo account?

Yes, the broker offers a demo account for practice purposes. The demo account comes preloaded with virtual funds to test your trading strategies without any risk involved and get a feel for what the broker offers before investing real funds.

What are the TopFX spreads?

TopFX have tight spreads starting from 0.0 pips on the major forex pairs; the spreads may vary depending on the instrument, market conditions, and liquidity providers.

What is the TopFX leverage?

TopFX offers leverage of up to 1:30 to clients who qualify.

Do TopFX allow hedging, scalping, news trading & automated trading?

Yes, TopFX allows all trading styles, including automated trading, hedging, and news trading.

Is there a TopFX Islamic account?

TopFX offers the Islamic account option to Muslim clients who follow the sharia law and cannot pay swaps due to religious beliefs.

What are TopFX trading instruments?

TopFX allows clients to trade the following financial instruments: forex, indices, shares, stocks, metals, energies, ETFs, and CFDs.

How do I open a TopFX live account?

To open a live trading account with TopFX, click on the “Open Account” button on the homepage of the broker’s website, enter your email and other relevant details and submit.

How do I verify my TopFX account?

You can verify your TopFX account by providing proof of identification and up-to-date proof of address, no more than six months old.

What is the TopFX trading platform?

TopFX provides traders with robust MT4 and cTrader trading platforms. These platforms are used for trading all the available financial assets, and they are available in desktop, web, and mobile versions.

Where can I download the TopFX platform?

You can download the TopFX trading platforms directly from the broker’s website or the relevant iOS and Android app stores.

Where is TopFX located?

TopFX is headquartered in Seychelles.

Is TopFX regulated?

Yes, TopFX is regulated by various top financial authorities, including CySEC and FSA.

What countries does TopFX not accept?

TopFX does not accept clients from countries where the use of their services would be contrary to local laws and regulations.

Is TopFX a scam?

No, TopFX is most likely not a scam. The broker is regulated by various regulatory authorities.

How can I contact TopFX support?

The broker’s customer support team can be reached via telephone, email, Live Chat, or filling the ‘contact us’ form on the broker’s website.


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


TopFX is an online broker that offers over 1,000 financial products for trading via the MT4 and cTrader platforms. The broker offers price streams, rapid trade execution, competitive spreads and commissions. However, the trading brokers review team did not find them to have the lowest spreads whilst they require a minimum $200 deposit and do not accept US clients.

TopFX Logo

Min $200 Deposit

TopFX is an online trading broker that offers online trading of more than 1,000 financial instruments across different asset classes, including Forex, Indices, Stocks, Shares, Metals, Energies, ETFs & CFDs.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

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