TopFX Overall rating
| Rating | Weight | |
| Popularity |
3.3
|
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 |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
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 0.48 Pips | Majors & Minors $1.50 Per Lot | Majors & Minors $24 Per 1 Million USD Traded | Majors & Minors $7.50 Per 1 Million USD Traded |
| Oil / Energies | $4.80 Per Lot | $1.50 Per Lot | $24 Per 1 Million USD Traded | $7.50 Per 1 Million USD Traded |
| Metals | Gold $4.80 Per Lot | Gold $1.50 Per Lot | Gold $4.80 Per Lot | Gold $7.50 Per 1 Million USD Traded |
| Cryptocurrencies | BTC & ETH $0.48 Per Lot | BTC & ETH $0.15 Per Lot | BTC & ETH $24 Per 1 Million USD Traded | BTC & ETH $7.50 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
| |||
| Zero | |
| Forex |
Majors & Minors 0.48 Pips |
| Oil / Energies | $4.80 Per Lot |
| Metals | Gold $4.80 Per Lot |
| Cryptocurrencies |
BTC & ETH $0.48 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Raw | |
| Forex |
Majors & Minors $1.50 Per Lot |
| Oil / Energies | $1.50 Per Lot |
| Metals | Gold $1.50 Per Lot |
| Cryptocurrencies |
BTC & ETH $0.15 Per Lot |
| Payment Options |
Monthly Cash Back
|
| cTrader Zero | |
| Forex |
Majors & Minors $24 Per 1 Million USD Traded |
| Oil / Energies | $24 Per 1 Million USD Traded |
| Metals | Gold $4.80 Per Lot |
| Cryptocurrencies |
BTC & ETH $24 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
|
| cTrader Raw | |
| Forex |
Majors & Minors $7.50 Per 1 Million USD Traded |
| Oil / Energies | $7.50 Per 1 Million USD Traded |
| Metals | Gold $7.50 Per 1 Million USD Traded |
| Cryptocurrencies |
BTC & ETH $7.50 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
|
Notes
- EU residents
- trading bonus funds
What are TopFX rebates?
How do TopFX rebates work?
When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.How much TopFX rebates can I earn?
Which TopFX rebate program is the best?
Will my TopFX spreads increase?
How can it be better to work through a 'middle-man' than just working directly with TopFX?
TopFX rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.
A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.
Are TopFX rebates worth the effort?
The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. TopFX rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.
Why don't you offer more forex rebate brokers?
We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.
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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