TopFX Review

TopFX has been a part of the online trading landscape since 2010, providing its services under both European and offshore financial licenses. This 2025 review offers a clear look at their operations, detailing their pricing philosophy, the platforms they offer, and the specifics of their regulatory framework.

Live Spreads: TopFX's Pricing via Zero & Raw Accounts

A primary cost for any trader is the spread, and this is simply the small difference between an asset's immediate buying and selling price. TopFX structures its pricing mainly through two account types: Zero and Raw. With the Zero account, the trading cost is typically built directly into the spread you see, meaning there's usually no extra commission fee per trade. The Raw account, conversely, is designed to offer tighter spreads closer to the core market rates, but this is accompanied by a fixed commission charge for each transaction.

As live spread data for TopFX is not currently integrated into our comparison tool, a direct, real-time cost analysis against other brokers isn't possible here. To get a precise understanding of their pricing, potential clients should observe the live spreads and any associated commissions directly on the TopFX trading platforms (MT4, MT5, or cTrader) during active market hours.

Regulation: EU Oversight via CySEC plus Offshore Options

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
TopFX Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
TopFX Global Ltd	Seychelles - SC FSA					1000 : 1
TopFX Markets Ltd	Virgin Islands, British - BVI FSC					1000 : 1

TopFX's operations are supervised by several financial authorities. TopFX Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), a key regulator within the European Union. In addition, TopFX Global Ltd is authorised by the Financial Services Authority (FSA) in Seychelles, and TopFX Markets Ltd is licensed by the Financial Services Commission (FSC) in the British Virgin Islands.

This multi-entity setup means clients are onboarded under different regulatory regimes. Clients under CySEC jurisdiction benefit from strict EU financial standards, which include negative balance protection and eligibility for the Investor Compensation Fund (up to €20,000). In contrast, clients registered under the FSA (Seychelles) or FSC (BVI) entities can access substantially higher leverage,  but operate outside the specific protective framework and compensation schemes of the EU.

Available Assets: Wide Market Access, Including ETFs & Crypto

Clients of TopFX can access a broad spectrum of financial markets. Their product lineup includes foreign exchange pairs, CFDs on a variety of global company shares, major stock indices, energy products like oil, precious metals, numerous cryptocurrencies, and also exchange-traded funds (ETFs).

Given that specific symbol data is not currently displayed here, it is advisable for clients to consult the TopFX website or their trading platform for a comprehensive and current list of all available instruments. Trading is primarily conducted through CFDs (Contracts for Difference), a method that allows speculation on price movements using leverage, which carries inherent risks.

Live Swap Rates: Daily Adjustments for Overnight Trades

Holding a trading position open from one day to the next usually involves swap rates. These are essentially overnight financing adjustments, which can appear as either a charge or a credit to your account. This is influenced by the instrument being traded, the direction of your trade, and prevailing interest rate differentials. For traders who require it, TopFX provides Islamic accounts that are structured to be swap-free.

Presently, live swap rate data for TopFX is not available for display in our comparison tool. This means a direct assessment of their overnight holding costs against other brokers isn't possible here. Clients should check the specific swap rates for any instrument directly within the MT4, MT5, or cTrader platform. As is standard practice, a triple swap adjustment is typically made mid-week (usually Wednesday) to account for holding a position over the weekend.

Trading Platforms: Choice of MT4, MT5, and cTrader Suites

TopFX offers its clients a choice between three highly respected trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 is the long-established industry favourite, celebrated for its vast ecosystem of automated trading tools (EAs). MT5 is its modern successor, offering enhanced features and greater versatility across different asset classes. cTrader is often preferred by traders who value advanced order functionality and a detailed view of market depth. All platforms are provided for desktop and mobile use.

Deposits/Withdrawals: Huge Range of Payment Methods, inc. Crypto

TopFX provides an exceptionally broad selection of methods for funding an account. In addition to standard options like credit/debit cards and bank transfers, they support a multitude of e-wallets (including Skrill, Neteller, and Perfect Money), direct cryptocurrency transfers (for BTC, ETH, LTC, USDT), mobile payment systems (Apple Pay, Google Pay), and a variety of local payment solutions such as DragonPay, Pix, and M-Pesa.

While TopFX itself may not apply direct charges, it's important to remember potential third-party fees. *Intermediary banks may charge for wire transfers. **Cryptocurrency transactions will always incur standard network fees. It is advisable to verify the availability of methods, any limits, and potential costs for your specific region on the official TopFX website.

Leverage: Up to 1:1000 Available via Offshore Entities

The maximum leverage a client can use at TopFX is determined by the regulatory entity they are registered with. Under the CySEC (EU) regulation, leverage for retail clients is capped at 1:30 for major forex pairs. Through their entities regulated by the FSA in Seychelles and the FSC in the BVI, TopFX can offer much higher leverage, up to 1:1000. Utilising such high leverage greatly magnifies market exposure and the associated risks.

TopFX Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

The TopFX profile on RebateKingFX summarises their key operational information: established in 2010, with regulated entities in Cyprus, Seychelles, and the BVI. It also notes their base account currencies (USD, EUR, GBP), extensive language support, the very wide range of funding methods including crypto, and the types of financial instruments they offer for trading.

TopFX Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Promotions: Checking for Current Bonus Offers

Information on specific promotional campaigns, such as new client bonuses or loyalty programmes, is not detailed in the available profile data. Prospective clients should visit the promotions section of the official TopFX website to see if there are any current offers and to carefully review all associated terms and conditions before participating.