HomeTopFX Review – Is it a Scam or Legit Broker (2024)

TopFX Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this TopFX Review, we are going to take a look at the offer that this broker prepared for its traders. TopFX is regulated by the CySEC in Cyprus. TopFX operates on the financial market since 2010. The TopFX minimum deposit is 1 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 TopFX Review

Website address:topfx.com
Operated by: TopFX Ltd
Licensed and authorised by regulatory bodies:CySec
Supported languages:English and Italian
Customer support available via:E-mail
Contact details:[email protected] +357 25 352244
Available deposit methods:Bank transfer, VISA, MasterCard, Neteller, Skrill, UnionPay, WebMoney
Available withdrawal methods:Bank transfer, VISA, MasterCard, Neteller, Skrill, UnionPay, WebMoney
Minimum deposit:1 USD
Min. trade in lots:0.01
Spreads:Variable
Tradable assets:
Might be a CFD.
Forex (40), cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4:No
Other trading platforms:
Social trading:No

Random reviews of competing FX & CFD brokers: SimpleFintech, ForexCFDs, Tradear and CoverdealFX

Frequently Asked Questions

🧐 Is TopFX a Scam?

TopFX 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 TopFX is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the TopFX minimum deposit?

In order to start trading with TopFX, you have to deposit at least 1 USD.

📵 What deposit and withdrawal methods TopFX supports?

TopFX allows funding your account via Bank transfer, VISA, MasterCard, Neteller, Skrill, UnionPay, WebMoney.

⚖️ Would you recommend me choosing TopFX?

We don’t have our own personal experience with TopFX. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that TopFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
 Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
 Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
 Start tradingRead a review

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 11.01.2024 at 11:42 GMT.

Leave a Reply