TopFX Review & Rating 2025
Visit TopFX72.35% of retail investor accounts lose money when trading CFDs with this provider.
I have been a Forex trader for several years so I have had many experiences with brokers. Recently one broker which struck me is TopFX, a household name in the Forex circuit. TopFX provides around 600 instruments to trade, anything you want can surely be traded. They also offer varied account types to suit you, from beginner right through to expert trader.
In this review of TopFX, we would cover everything from its trading instruments and account types to customer support and reputation. We will also discuss about TopFX cTrader copy trading. Well, let us find out if TopFX fits into your trading journey.
Overview
Company
Since 2010, TopFX has grown significantly. Initially starting as a liquidity provider, it has now evolved into a full-service broker, offering trading on platforms such as MetaTrader 4 and cTrader. Clients can access a wide range of products, including forex, CFDs, cryptocurrencies, and ETFs. TopFX is known for its fast and efficient trading service, utilizing Smart Order Routing to ensure competitive pricing.
It’s important to distinguish between the two independent entities under the TopFX brand: TopFX Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC), and TopFX Global Ltd, which is regulated by the Financial Services Authority (FSA) of Seychelles. Both entities operate separately, with their respective regulatory oversight, ensuring the safety of your funds.
This review will explore the pros and cons, giving you the insights needed to determine if TopFX is the right choice for you. Let's dive in!
Trading Instruments From TopFX
Are you looking to enter the fascinating world of trading? TopFX provides all the instruments you can think of – there's something to suit everyone. All financial products available on TopFX are traded as CFDs. Let's have a short review:
Forex: Are you into currencies? Then TopFX can be a good choice as it has a wide range of major, minor and exotic pairs. With tight spreads and quick execution, you are able to take full advantage of the mkt's movements.
Shares: Are you interested in trading stocks? With TopFX, now you can invest in many of the world's biggest companies. It's a great way to share in the growth prospects of your favourite businesses.
Indices: Want to follow the broader movements of a market? At TopFX you can trade indices like the DAX, FTSE and S&P 500. It's a perfect choice for people who under no circumstances wish to miss out on what's affecting an entire mkt.
Metals & Energies: Do you wish to speculate on commodities? TopFX offers you gold, silver, oil and more. This is a great way of diversifying your portfolio and perhaps gaining from changes in price.
ETFs & Crypto: Do you intend to invest in anything from a layer of assets to digital currencies? ETFs and cryptocurrencies from TopFX give you exposure across a range of different sectors and the enthralling world of blockchain technology. Whichever way you want to trade, TopFX has products that suit your trading style and risk appetite. They offer tight spreads, leverage options and an array of account types. So, they make trading an accessible and entertaining activity.
Note that for TopFX Ltd, which is regulated by CySEC, the maximum leverage offered is 1:30 for European clients. In contrast, TopFX Global Ltd, regulated by the FSA, provides a maximum leverage of 1:1000 for non-European clients.
TopFX cTrader Copy Trading
TopFX cTrader offers copy trading. It is a great opportunity for all types of traders. You can learn from experts and avoid doing deep market studies or day-to-day trading. Simply follow the lead of seasoned strategy guides and you might see regular, good returns while staying safe. Let's have a look at how to start copy trading on TopFX cTrader.
Let me tell you, the TopFX cTrader app is pretty straightforward. Once you downloaded it and logged in, you will be able to find a bunch of different strategies like the below screenshot.
You need to spend a good amount of time looking through them, checking out their performance, and reading reviews. You can filter them based on their performance, account type, and other factors. It is kind of like window shopping for trading strategies.
I would suggest you select a strategy that has a decent track record and isn't too risky. After opening your preferred strategy window, tap on the "Start Copying" tab and set the details. Be sure to review the fees charged by the strategy provider.
Top Three Strategies on TopFX cTrader Copy Trading
Let's have a look at the top three strategies based on return on investment (ROI).
1. Immortal Growth Strategy
ROI: 489021.7%
Minimum Investment: $300
Performance Fee: 30%
Recent Performance: 77% win rate (395/513 trades) with an average pip win of 133.62 pips
Over the years, the Immortal Growth strategy yielded 489021.7% return. Then the minimum investment requirement is $300. The performance fee you need to pay is 30%. In the last 90 days, 395 out of 513 trades are winning trades. The average pip wins per trade is 133.62 pips.
2. Wriggle Ver2 Strategy
ROI: 357300.88%
Minimum Investment: $200
Performance Fee: 30%
Recent Performance: 85% win rate (1499/1758 trades) with an average pip win of 2556.04 pips.
Over the years, the Immortal Growth strategy yielded 357300.88% return. Then the minimum investment requirement is $200. The performance fee you need to pay is 30%. In the last 90 days, 1499 out of 1758 trades are winning trades. The average pip wins per trade is 2556.04 pips.
3. Knight Strategy
ROI: 16485.70%
Minimum Investment: $300
Performance Fee: 30%
Recent Performance: 71% win rate (40/56 trades) with an average pip win of 265.08 pips.
Over the years, the Immortal Growth strategy yielded 16485.70% return. Then the minimum investment requirement is $300. The performance fee you need to pay is 30%. In the last 90 days, 40 out of 56 trades are winning trades. The average pip wins per trade is 265.08 pips.
It's important to remember that there's no guaranteed profit in trading. Trading is a risky business and you should always do your own research before copying any trader.
Trust
In online trading, the security and trust factor of a broker is the most important part. So is TopFX a trusted brand of brokers? As regulated brokers, they care about your safety. This essentially guarantees your funds are confined to an account separate from their own, so if they fail, at least everything you worked for is still yours. Just having their very own safe inside the vault.
To add a second layer of security, they've implemented trails like transaction limits and two-factor authentication. Ensuring that your digital safe is locked with more than one lock.
On top of this, they only work with regulated banks, so you know they are speaking to proper companies. Think of it as the neighbour you trust looking after your home.
Trading Platform
The choice of platform is crucial to my trading strategy as a trader. TopFX has two popular picks: MetaTrader 4 (MT4) and cTrader. While each platform has its strengths, my personal experience has led me to choose cTrader due to several reasons.
MetaTrader 4 is a platform with which many people are familiar, especially those who have been trading for some time. This user-friendly system carries out a reasonable level of technical analysis. Now, having compared the two platforms, I find cTrader provides a superior and more flexible trading environment.
cTraders platform with 70+ technical indicators and a wide range of chart types offers a rich array of tools for in-depth analysis. Those who wish to tailor their trading approach can use cAlgo to develop their own custom indicators and strategies. Furthermore, cTrader 's one-click trading and advanced order types make it simple for you to execute trades rapidly.
While both platforms employ security measures such as 128-bit encryption, yet the added features and customizability of cTrader are to my way of thinking superior. The platform 's market depth function provides valuable insights into liquidity, helping me trade with greater peace of mind.
At the end of the day, the best platform for you lies in what aligns with your specific needs and tastes. If you’re a beginner or someone who just prefers a familiar system, MT4 could be the ideal choice. However, if you are looking for a more advanced platform with a myriad of tools and energies to harness, cTrader is undoubtedly worth looking at.
Account Types
I have been a trader for some years. In the course of that time, I 've tried many brokerages and I get the impression that TopFX always has my needs taken into account with its varied account types.
Each option is designed for different trading styles and risk appetites. That's why both new players who haven't done much yet in trading before, as well as experienced traders have at least one option to choose.
So let's take a look at each account type one by one. Let's move on.
TopFX Zero Account
For beginners in the trading world, the TopFX Zero Account is a great place to start. The commission-free structure leads to a low initial deposit of $500. The account is excellent for increasing one's horizons and gradually making your entry in larger trading world.
As a trader, I find this account simple too. For those who want to learn basic trades without worrying about complicated money systems is best.
TopFX RAW Account
When it comes to short-term market fluctuations for profits, operations such as scalping and intraday trading can make a big difference. In this type of setting - the TopFX RAW Account offers minimum price differences (spreads) and low transaction fees.
I have used this account myself and I can tell you it works. The tight spreads permit me to capture the least price movement with it maximising my profit. Being able to operate on both cTrader and MT4 is a big benefit because every trader has his or her own style when trading.
TopFX VIP Account
For high-volume traders who expect nothing but the best, there is no greater choice than the TopFX VIP Account. The account is also designed to fulfil the needs of experienced traders and has some exclusive perks like having a better spread, personal support, quicker order execution etc.
You can take advantage of ultra-low spreads starting from 0.2 pips to enhance your returns and trade on the smallest market movements with minimal risk. Trading large positions with leverage of up to 1:1000 is possible with TopFX Global Ltd, while the maximum leverage for the EU entity, TopFX Ltd, is limited to 1:30. However, potential clients should note that the minimum deposit requirement for the VIP account is $50,000, which some may find to be a significant barrier to entry.
TopFX has proven to be a reliable trading counterparty for me as an introducing broker. Note that all of their accounts have an option for swap free.
Costs
As a trader, we are all concerned about the fees and costs that are related to our trading. At TopFX, it is known for having lower pricing than other brokers, particularly in the area of spreads and trading fees.
For major currency pairs such as EUR/USD, you'll find spreads as low as 0.0 pips on their Raw account - meaning that when you buy or sell a security there'll be less to pay. Their overall trading costs are still quite competitive compared with many other brokers. The fact that they charge a commission of $2.75 per side per lot which is lower than many brokers. They also offer competitive pricing for stocks, indices and commodities.
When it comes to making a deposit or withdrawal, TopFX generally does not charge fees. However, withdrawal can be expensive depending on the withdrawal methods. For example, if you withdraw via bank wire this might cost $20. However, for people who want low fees and high-quality pricing transparency in one broker, TopFX is an excellent choice.
Customer Support
As a TopFX trader, for the most part I have had positive experiences with their customer support. I have contacted their team a few times on technical issues about their trading platform or account settings. Their responses were always fast on live chat. They have knowledgeable support agents who are able to resolve issues quickly.
I'm grateful that their support is open during 24/5. This has been especially good for me when I had questions during trading hours.
I haven't had big problems that needed extensive service yet, but the customer service from TopFX has overall satisfied me.
Regulation
As a Forex trader, I pay very close attention to the broker's regulation. This is a crucial link that can affect my trading experience and even my fund's safety.
So is TopFX regulated? Yes it is. First, TopFX Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and TopFX Global Ltd is regulated by the Financial Services Authority (FSA) of Seychelles. Let us explain what this means for you, the trader.
CySEC Regulation: A Firm Foundation
TopFX Ltd stands on firm ground with its regulation by the Cyprus Securities and Exchange Commission (CySEC), a respected European Union regulator known for robust investor protection. This regulation ensures both the broker and its European clients are safeguarded. Key measures include negative balance protection, which prevents traders from losing more than their initial deposit, and the Investor Compensation Fund (ICF), offering up to €20,000 per client in the event of provider insolvency. The only condition for TopFX Ltd is that it exclusively onboards European clients.
FSA Regulation
FSA rules offer more wiggle room, but fewer safety nets for traders. It's a regulatory body aiming to serve a wider global client base, allowing brokers to give extra incentives like increased leverage.
Yet, it implies fewer safety steps compared to CySEC. If you are a trader in Europe, CySEC rules gives you robust safety for your money. Yet if you live outside the EU and want more leverage, you might fancy FSA rules.
I am a trader and I think it's key to think about your personal needs and how much risk you can handle when picking a broker. FSA rules have their perks, but it's vital to be aware of the risks that come with investor safety.
Conclusion
With experience as a trader, TopFX stands out as a solid and dependable ally. Their devotion to offering a prime trading experience, together with various account choices, sets them at a high place in the field.
Our TopFX review reveals their variety of account types, fair pricing, and steady customer aid, which makes them a robust rival in the sector. If you're on the lookout for a broker that brings together reasonably priced, dependability, and an extensive array of trading options, TopFX surely merits consideration.
Disclaimer: The information provided in this review is solely for informative purposes and should not be interpreted as financial advice or a solicitation to engage in trading activities. This review does not constitute an endorsement or an offer to attract new customers to any financial services. Always conduct your own research or consult with a licensed financial professional before making any trading or investment decisions.
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