About the author : Alex44
The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. A Mobile version of this trading platform is also available to make the trading process further easier for its clients. All the features of its main platform are also available on the mobile trading platform. Mobile apps are available for Android and iOS devices on their respective platforms. Crediting the account is a compulsory step for every trader to be able to trade. Trading is the process of buying things and then selling them at a higher price.
In this TopFX review, we will try to figure out the features which are the reason behind its success. TopFX offers Muslim traders who follow the Sharia Law with the option of converting their live trading account into a Swap-free or Islamic Account. This means that there are no swap or rollover interests on overnight positions while Muslim traders participate in several different global markets. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. I like how they have handy demo accounts available for those who are interested in the broker’s services but want to test the environment before signing up for a real account.
Does TopFX have online support?
Your financial portfolio, including cash deposits and financial instruments, exceeds EUR 500,000. I have been working with TopFx for more than 4 years, I can say it has been a positive experience, they grant you pure spreads and have a very good customer service. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Since last November 25th, I have deposited 200 thousand RMB in TOPFX . I can say with absolute certainty that TopFx is one of the most serious and reliable brokers I have ever tried….
It is nice that they require very low initial deposit and they process the verification very quickly. Be bullish or bearish on 14 global Indices with spreads starting from 0.4 pips and commissions €2.75 per lot or opt for an all-inclusive spread account. If a broker has a score less than 80, like pepperstone reviews this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.
However, other popular asset classes, such as options and bonds, are missing. But even then, I really like the available product portfolio and feel there is more than enough for anyone to create a diversified portfolio according to their own interests. Some of these methods are e-mail, phone call, visiting their office, and live chat. TopFX’s clients need to be aware of the fact that their requests and demands about certain issues will be resolved very quickly. We review all brokers to astrict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.
The forex trader can complete the online withdrawal request form and submit it to TopFX. This will redirect them to a more detailed application form where they must provide personal, financial, employment, and trading experience information. Where online support is concerned, TopFX offers a live chat option that can be accessed under the “Contact Us” section of the website. The data contained in this website may not be real-time and accurate.
The 2018 counterproductive decision by the European Securities and Markets Authority created one of the least competitive trading environments for traders. All competitive brokers added subsidiaries, like TopFX, in other jurisdictions, ensuring non-EU traders have continued access to market-leading products and services. Client deposits remain segregated at both subsidiaries, negative balance protection exists, but the CySEC units also feature an investor compensation fund. Given the financial stability and clean regulatory track record, there is no reason for concern about deposits, profits, and withdrawals.
TopFX Review Scores
Trade over 500 Share CFDs with tight spreads and zero commission. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest atfx broker review choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology.
Unlike most other brokers, the minimum deposit at TopFX solely depends on the desired payment provider, as TopFX does not impose any restrictions. TopFX maintains a very competitive trading environment out of Seychelles, while EU clients have the CySEC unit. Fast order entry, lowest spreads in the market and withdrawal of funds processed within the day.
It represents the best MT4 upgrade package among all online brokers and does warrant opening a trading account on its merit. Adding the competitive core trading environment, deep liquidity, trader-friendly pricing environment, asset selection and NDD execution makes TopFX one of the best online brokers. During our preliminary research on this broker, we came across a ton of Topfx reviews in which people said that customer service after the initial withdrawal was absolutely poor. While these platforms would be good in the hands of other brokers, Topfx makes unauthorized trades and traders have trouble withdrawing funds from Topfx.
It can be used as a practice account by beginner forex traders, a risk-free strategy test account, or to explore what TopFX offers. CTrader is an advanced and powerful CFD trading platform, which is available in multiple device type options. You can use the web-based app, the desktop software of their mobile trading apps. Experienced advanced traders use it to connect via API, and also manage their MAM / PAMM trading accounts.
Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
In summary, regardless of the trading conditions provided by Topfx, we do not recommend that you trade with it, because it is not regulated and may be a scam. He can cause huge losses to his customers, so in our opinion, he is a potential liar. Sometimes, in Forex trading scams, the fraudulent broker only offers their own platform, which may turn out to be fake. When investigating a broker case, try customer support, but keep in mind that even rogue brokers can appear friendly and helpful at first, and can later show their true colors.
For traders and other authorized financial organizations, there is a lot of Forex liquidity. Portfolio management service that employs their own proprietary strategy and is supervised by expert traders. TopFX is globally recognized as a trusted brand under the Fondex banner, offering both beginner and professional traders unique, competitive trading opportunities and conditions. TopFX is also well-known for providing a variety of liquidity solutions to brokers and other investment firms. A deposit bonus is granted to forex traders either when they register a new account or with every deposit, according to the discretion of the broker. CTrader is a powerful and reliable trading platform that is known for its reliability, advanced forex trading tools, and the ability to combine various trading methods in one application.
The proprietary platforms of many high-quality brokers can provide an excellent trading experience. Try customer service when investigating a broker’s case, but remember that even rogue brokers will be friendly and helpful at the beginning, and then show their true colors. TopFX is providing clients with the ability to use a trading platform that is a bit different from Mt 4. The package offers access to the greatest trading platform suite as well as Tier 1 liquidity. They’ve set the package’s pricing competitively to offer new entrants to the industry a boost.
Is TopFX a Legit Broker?
That’s why we recommend trading with a regulated broker, with a robust security mechanism. An economic calendar is a crucial trading tool that provides traders with the ability to view relevant economic information which is scheduled to be released. Such events could impact the financial markets and, subsequently, the trader’s trading. No, TopFX does not have a deposit bonus for either new or existing forex traders. A welcome bonus is offered to traders who register a real account for the first time and provides them with trading credit. No, TopFX is not regulated in Europe, but it has cross-border licenses to offer products to European forex traders.
Yes, our review of TopFX found that the broker is regulated by both the FSA Seychelles and CySEC. Clients who are trading from within the EU are protected by CySEC guidelines, whilst international clients are protected by FSA rules. While TopFX notes more than 80 currency pairs for Forex traders, the asset list includes 44 for MT4 and 59 for cTrader, ausforex review where an additional thirteen cryptocurrency pairs exist. Traders at TopFX using cTrader have an overall competitive asset selection. Support is really excellent and you can join in a lot of interesting webinar, talk with a long time trader and find support in your strategy. TopFX does not charge any commission for deposit and withdrawal.
The forex trader can log into their TopFX Client Area and navigate to the withdrawal section. The forex trader will be redirected to a new page where they must choose between a live account and a corporate account. Traders must be able to pay the $50 minimum deposit when they register an account for the first time.
The broker has been providing liquidity solutions to brokers and other investment firms since 2010. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
How many days do deposits take with TopFX?
It also holds a cross border licence which allows the company to provide investment and ancillary services to EU member states, as well as 75 third countries. TopFX works in accordance with all applicable EU and local regulations. These include MiFID and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts.
TopFX: Account Types
If you don’t have money, you cannot buy anything in the first place. You can top up your TopFX account through different methods such as wire transfers, credit cards, and online payment apps. You will be happy to know that this platform hasn’t set an initial deposit limit so you can start your career with any random amount.
I must emphasize the efficiency of The Italian customer service curated by Kostas … Who answers questions even in the middle of the night is a great person. Mobile trading is steadily gaining ground with the majority of traders using more than one device types to place and monitor their trades. TopFX charges no fees for deposits and withdrawals, however, you might incur fees charged by your bank or payment provider.
TopFX maintains a competitive subsidiary regulated by the Seychelles Financial Services Authority and one authorized by the Cyprus Securities and Exchange Commission . ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. I started with TopFx about 2 years ago, and i never had problems with payments, commissions, swaps and others.
You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. TopFX is a Forex broker with far more assets in its inventory than merely allowing customers to trade in the currency market. It’s a global broker that specializes not only in currency trading but also in other financial markets as well.