TopFX Review 2023: What To Know Before You Trade With This Broker?

TopFX Review

Table of Contents

TopFX is among the very few Forex & CFD trading platforms that have been active for over a decade. Incepted in 2010, the platform has evolved itself into an established Prime Broker today. However, much information regarding the platform isn’t readily available on the internet. So, we took it upon ourselves to deliver comprehensive information & verdict of this broker through TopFX Review 2023. 

At first glance, the platform’s brokerage services seem not to be limited to just retail traders; it also extends services to institutional and high-volume traders

This TopFX Review 2023 will focus on providing comprehensive & detailed information about this broker. Along with it, you will also find a research-backed scam report, fee structure & features. 

What Is TopFX Broker?

It is an authorized trading platform allowing access to CFD trades on 1000+ underlying assets across the global financial markets. 

The brokerage platform operates under TopFX Global LTD, a renowned investment firm registered under the laws of Seychelles. Meanwhile, Fondex Services Ltd acts as a payment processing agent for the broker. 

Apart from serving retail trading services, the broker act as a liquidity provider to 180+ international clients, primarily Forex brokers, investments firms & Hedge funds. 

Talking about the geographical limitations, the broker is restricted to operating in the United States of America, Japan, and North Korea.

Now that you gained some basic knowledge about the broker let’s move forward to get insights into its services, products, and fee through this detailed TopFX Broker Review 2023. 

TopFX Scam Or Safe: Detailed Analysis Report

TopFX can be considered a safe broker as it complies with the Seychelles Financial Services Authority (FSA) regulations. It also holds a Securities Dealer License No: SD037.

Meanwhile, the broker’s entity in Cyprus is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11. Therefore, it works in accordance with the Markets in Financial instruments Directive (MiFID II).

And when we scrolled the web for its existing users’ reviews, we didn’t find any scam-related complaints. At the same time, the website has showcased many awards & accolades, which include

  • Best Forex Broker MENA 2021
  • Best Cryptocurrency Trading Platform ASIA 2021
  • Global Forex Awards 2021 & 2022

In conclusion to this topic of TopFX Review 2023, we conclude it as a safe broker for CFD trading. Hence, it is not a scam. 

TopFX Review 2023: What Trading Assets Does The Broker Offer?

While scrolling down the Top FX website, we get confused over the platform’s product offering. At the top of the homepage, it showcased 600+ assets available, but when we came across the market section, the availability of the assets increased to 1000. 

Anyway, we have listed down all the available trading markets on the platform:

  • Forex (60+ Currency Pairs)
  • Indices (15 stock Index CFDs including the DAX, FTSE, NIKKEI 225, and S&P 500)
  • Shares (500+ Global Stocks)
  • Metals (Gold, Silver and Palladium)
  • Energies (WTI, Natural Gas and Brent Crude Oil)
  • ETFs (18 iShares)
  • Cryptocurrencies (20 Crypto CFD pairs)

The broker’s product offering looks suspicious; subsequently, we suggest you do your own research before starting to trade with it. Alternatively, choose a more secure and multi-asset brokerage platform like InvestFW. 

Review Of TopFX Account Types

The platform is a win-win case in terms of offering trading accounts. There are two account types available: Raw & Zero. While the former is suitable for Intraday traders & scalpers, the latter is preferred by beginner traders who like to trade commission-free. 

The comparison table below will help you determine which account fits well with your trade style & conditions. 

Features Raw Account Zero Account
Minimum Deposit  Starts from $50 (Depends on Payment Method) Starts from $50 (Depends on Payment Method)
Spread 0.0 Pip 0.5 Pip
Leverage 1:500 1:500
Commission $2.75 per side per lot 0
Platforms cTrader & MT4 cTrader & MT4
Execution Mode No Dealing Desk No Dealing Desk
Islamic Account Available Available

Our Thoughts: We could find a free demo account option on the platform. In our opinion, the broker should incorporate this useful feature & if it’s available, they should make it more visible. 

TopFX Sign-Up Process: How One Can Create An Account With The Broker?

Registering on the platform is quite simple; it just takes three steps. For entry-level traders, we have provided a step-by-step guide on creating an account with Top FX:

  • On the homepage, click on ‘Open Live Account” and fill in the registration.
  • After submitting the form, you’ll be redirected to the client’s secure area. Now, upload your Proof of Identity and Proof of Residence.
  • Make a deposit to start trading on your chosen platform once your live account is activated!

Deposit & Withdrawal Conditions & Procedure

The platform offers convenient and customer-centric conditions for depositing and withdrawing money from the account. Let’s understand all the conditions & minimum requirements for deposit & fund withdrawal through this detailed TopFX Review 2023. 


Supported Payment Options & Minimum Deposits

  • Credit Cards – $50
  • E-wallets
  • Neteller -$50  
  • Skrill – $50
  • Cryptocurrencies – 0.001 BTC
  • Perfect Money – $50
  • Union Pay – $200
  • PayRedeem – $50
  • ApplePay – $50
  • GPay – $50
  • SEPA Wire Transfer – $100
  • Bank Transfer – $100

How To Deposit Funds In Your Account?

  • Log in to your Client Area and choose your preferred payment option from the list.
  • Fill in the required information and click the “Complete payment” button.
  • Enter the payment details and confirm the deposit to complete the transaction.

Conditions For Fund Withdrawals

Supported Payment Options & Minimum Deposits

  • Credit Cards – $50
  • E-wallets
  • Neteller -$50  
  • Skrill – $50
  • Cryptocurrencies – 0.001 BTC
  • Perfect Money – $50
  • Union Pay – $200
  • PayRedeem – $50
  • ApplePay – $50
  • GPay – $50
  • SEPA Wire Transfer – $100
  • Bank Transfer – $100

Is There Any Fee For Withdrawal?

The first two withdrawals are free on the platform, while the fee will be applicable from the third withdrawal request, which ranges from 2-4.50% based on your chosen payment method.

How Can One Withdraw Money from TopFX?

Step 1: Log in to your Client Area and click on the ‘Withdraw Funds’ tab.

Step 2: Fill in the withdrawal request form by entering the following details:

  • Withdrawal method
  • Amount
  • Base currency
  • Source Account
  • Your comment

TopFX Fee Overview

The platform charges fees for various actions, including requesting a withdrawal, placing trade orders & accounts that are inactive for more than 30 days. Let’s understand the broker’s fee structure more precisely through the TopFX Broker Review 2023:


  • Raw Account – 0.00 Pip
  • Zero Account – 0.5 Pip


  • Raw Account – $2.75 per side per lot
  • Zero Account – 0

Withdrawal Fees

  • Ranges between 2%-4.5% 

Inactivity Fees

  • 5% upon withdrawal

TopFx Review 2023: Leverage & Margin Requirements

While the maximum leverage available on the platform is fixed at 1:500, it may get lower depending on the asset you choose to trade in. So, let’s checkout through this detailed TopFx Broker Review:

  • Forex – 1:500
  • Shares – 1:20
  • Indices – 1:200
  • Cryptocurrencies – 1:10
  • Metals – 1:200
  • Energies – 1:100
  • ETFs – 1:20

TopFX Review 2023: Standout Features

There are many features that make this platform shine and stand out from the rest of Forex and CFD brokers. Here’s what we have found. 

Promotions & Ongoing Bonuses

The ongoing bonuses & offers on the platform include

  • 50% bonus on deposits
  • 30% deposit bonus on NFP trading
  • No deposit bonus upto 50%

Partnership Program – Introducing Brokers (IBs)

The broker’s affiliate program entices businesses to join them as partners & earn a commission for each referral. The benefits of the Top FX IB program include 

  • Customizable rebate schemes
  •  Daily payouts,
  •  Uncapped commissions,
  •  Attractive loyalty scheme

Beginner-Friendly Educational & Research Tools

The educational & research tools available on the platform are well-suited for both beginner & professional traders. While there is a lot in the research section, the educational tools need to be increased. Here’s a list of the available toolkit:

  • News & Analysis
  • Latest News
  • Product Updates
  • Weekly Outlook
  • Investment Articles
  • Myrsini Giannouli

24×7 Customer Support

The commendable support team available on TopFX extends round-the-clock support to its clients. Whether you raise your concern through Live Chat, Email, or Phone, you will always be satisfied. The accuracy & responsiveness of the support team is just exceptional. 

If you need help with the platform, you can contact Top Fx customer support via

Copy Trading Feature 

The platform’s copy trading feature allows entry-level traders to mirror the trades of professionals. The function is available for both cTrader & MT4 users. 

How Can You Copy Trade With Top FX?

Below is a detailed step-by-step on starting copy trading on the platform:

Step 1: Open a Live Account and make a deposit.

Step 2: Sign in to your client area and download your preferred trading platform between cTrader or MT4.

Step 3: For the MT4 platform, choose the Master you wish to follow and contact the customer support team.

Step 4: For cTrader, log in to the platform, click the Copy icon and choose your preferred strategy. 

What About TopFX Trading Platforms & Its User-Experience?

The available trading platform includes an advanced cTrader and MT4, available in both desktop & mobile versions. The user interface of all these platforms is quite intuitive and clean. 

Right after opening the account, you get direct access to these platforms. They are easily understandable & can be downloaded for Windows, iOS and Android devices. 

Get insights into the detailed features of each of these trading platforms through our detailed TopFX Review 2023

TopFX cTrader App & Web Version

  • Wide selection of chart types: Candlesticks, Bar, HLC, Line, etc.
  • 54 timeframes
  • 70+ technical analysis indicators, lines and oscillators
  • Advanced Take Profit and Stop Loss
  • Chart trading with drag-and-drop
  • One-click trading
  • Both Manual & Copy trading are Available
  • A diverse range of cBots for Robo trading strategies
  • In-platform signals from Trading Central

TopFX MT4 App & Web Version

  • Interactive charting
  • Nine timeframes
  • 30+ pre-installed technical analysis indicators
  • Easy customization to your preferred trading settings
  • 1-click trading
  • Automated trading with Expert Advisors
  • Copy trading via PAMM accounts
  • Trading signals from Trading Central
  • In-built robots and custom indicators with MQL4
  • Available in multiple languages

TopFX Review 2023: Pros & Cons

Pros Cons
Good Selection of Available Trading Assets Unavailability of Demo Account
24×7 Customer Support MT5 Platform Not Supported
Supports Copy Trading
Advanced Trading Tools & Access To Robo Strategies
Generous Bonuses on Deposits & Sign Ups

Final Words On TopFX Review 2023

After analyzing this detailed TopFX Review 2023, we came to the conclusion that the broker’s services are more focused on active traders than beginners. It has advanced trading platforms, a clean user interface, and a well-structured fee.

Despite all these features, the broker falls short in offering some of the most useful & common functions, such as a free demo account, educational material & reliable regulations.

Lastly, considering the overall health score of this broker through TopFX Review 2023, we suggest you to be extra cautious before trading with this platform. Instead, go for a more secure & regulated trading platform like InvestFW. 


Is TopFX A Good Broker?

Yes, it is a good broker in terms of offering good leverage, advanced trading platforms, a clean user interface, and a well-structured fee.

Which FX Broker Is Best?

InvestFW is the best FX broker right now as it is well regulated, offers a good selection of trading instruments, high leverage, low spreads and zero commissions. 

Can I Trust A Forex Broker?

Yes, Forex brokers can be trusted based on their regulations, user experiences and customer rating. If all these criteria matches, you can rest assured about the broker’s safety. 

Does TopFX Have A Demo Account?

No, the platform doesn’t offer a demo account. This is the biggest drawback of this Forex broker. 

What If I Forget Topfx Login Credentials?

There is no need to worry. Contact customer support immediately and make them aware of your situation. They will surely come up with a good resolution. 

How Can You Delete Your Top FX Account?

To permanently delete your account, send an email to customer support, along with a valid reason. Your request will then be processed in 3-5 working days.

What Are TopFX Minimum Deposit Requirements?

The platform’s minimum deposit requirements vary depending on your chosen payment methods. It starts from $50 and goes up to $500. 


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