In this TopForex Review, we are going to take a look at the offer that this broker prepared for its traders. TopForex is regulated by the CySEC in Cyprus. TopForex operates on the financial market since 2009. When it comes to trading platforms, the broker features MetaTrader 4. The TopForex minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this TopForex Review
| Website address: | topforex.com |
| Operated by: | Goldenburg Group Ltd. |
| Licensed and authorised by regulatory bodies: | CySec |
| Supported languages: | English, German and Spanish |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +357 2505 5705 |
| Available deposit methods: | Debit and Credit Cards, skrill, bank transfer |
| Available withdrawal methods: | Debit and Credit Cards, skrill, bank trasnfer |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,3 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (15), commodities, indices |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:200 |
| Social trading: |  |
TopForex Fees (typical spreads)
We have scanned fees (typical spreads) that TopForex charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,3* | * | 0,4* | * | * |
*Typical spreads were recorded on 17.09.2020 at 09:52 for the standard account. TopForex spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Frequently Asked Questions
🧐 Is TopForex a Scam?
TopForex is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that TopForex is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the TopForex minimum deposit?
In order to start trading with TopForex, you have to deposit at least 100 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods TopForex supports?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 29.09.2024 at 11:42 GMT.
I have been trading with this company for several months. Spreads are attracting, of course, and I know there are brokers who have better conditions, but here it’s good for market realization. I only trade major pairs – that’s enough for me.
I try it with them, among other things I have been working on the mt5 platform for several months now and it suits me very well.