TopFX Review 2026
Established in 2010
•
Cyprus
• CySEC Regulated
TopFX is a well-established broker with a solid 4.2/5 rating. Regulated by CySEC, this broker offers spreads from 0.0 pips on EUR/USD with a minimum deposit of $0. Trade 600+ instruments including forex, CFDs, and more.
📊 TopFX Overview
TopFX (TopFX Ltd) is a well-established broker founded in 2010 headquartered in Limassol, Cyprus. The broker operates under the supervision of CySEC , a reputable regulatory authority.
With access to 600+ tradable instruments including 90 forex pairs , 14 cryptocurrencies , 400 stocks , TopFX caters to diverse trading strategies.
| Legal Name | TopFX Ltd |
|---|---|
| Founded | 2010 |
| Headquarters |
Limassol, Cyprus
|
| Primary Regulation | CySEC (Tier 2 - Strong Protection) |
| Instruments | 600+ assets |
| Min Deposit | $0 |
| Max Leverage | 1:500 |
📖 TopFX — In-Depth Introduction
Few brokers can match the 16-year legacy of TopFX, a true industry pioneer that has weathered multiple market cycles. TopFX operates under CySEC regulation, which provides a solid framework for investor protection. While not quite at the tier-1 level, this regulatory status ensures the broker maintains proper business practices and fund security measures. TopFX focuses on accessibility, requiring just $100 to open a live account—making it suitable for beginners testing the waters.
Company Background
TopFX (legally TopFX Ltd) has been operating in the financial services industry for 16 years. Headquartered in Limassol, Cyprus, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 600+ tradable instruments.
💸 TopFX Fees — Complete Cost Analysis
Trading costs at TopFX are reasonable, with 1.0 pip spreads on EUR/USD representing fair value in the current market. TopFX's ECN accounts feature $2.75 commission per lot, combined with raw spreads. Total trading costs often work out lower than spread-only accounts for high-volume traders. To put this in perspective: trading 10 lots per month on EUR/USD at TopFX's 1.0 pip spread would cost approximately $100 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: TopFX
Non-Trading Fees
| Fee Type | TopFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is TopFX Safe? — Complete Security Analysis
With a Trust Score of 75/100, TopFX demonstrates adequate safety standards for most retail traders. The broker maintains reasonable protections while balancing accessibility. Funds deposited with TopFX are kept separate from company funds in segregated accounts. Standard regulatory protections apply.
Regulatory Framework
TopFX holds a CySEC license.
Security Features Checklist
Understanding the Trust Score
Our 75/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use TopFX?
✅ Best For
- Beginners will appreciate TopFX's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Muslim traders can benefit from TopFX's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- TopFX's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on TopFX
TopFX is a solid choice for most traders looking for reliability with a 4.2/5 rating.
📈 TopFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how TopFX performed in our rigorous testing:
TopFX offers a solid trading experience with competitive conditions.
💰 TopFX Fees & Spreads
Understanding trading costs is crucial for profitability. TopFX uses a Raw/ECN spread model with commissions of $2.75 per lot round turn.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | N/A | N/A pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | $2.75/lot |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with TopFX:
- Spread Cost: 1.0 pips × $10/pip = $10.0
- Commission: $2.75 round turn
- Total Cost: $12.75 per lot
🛡️ TopFX Regulation & Safety
TopFX is regulated by CySEC, a Tier 2 - Strong Protection regulatory authority. This provides a solid level of investor protection, including fund segregation and dispute resolution mechanisms.
📜 Regulatory Licenses
- CySEC 138/11
- FCA 741124
- FSA SC SD037
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 75/100
Moderate Trust: TopFX meets industry standards for safety and regulation.
🖥️ TopFX Trading Platforms
TopFX offers 2 trading platforms, giving traders flexibility in how they access the markets.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
cTrader
Premium platform preferred by scalpers for its speed and advanced charting capabilities.
- ✓ Level II Pricing
- ✓ cAlgo for Automation
- ✓ Advanced Charting
- ✓ Copy Trading
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✗ | ✓ |
| Copy Trading | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✗ | ✓ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 TopFX Tradable Instruments
TopFX offers access to 600+ tradable instruments across multiple asset classes. This includes 90 forex pairs , 14 cryptocurrencies , and 400 global stocks.
👤 TopFX Account Types
TopFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 TopFX Deposits & Withdrawals
TopFX requires a minimum deposit of $0 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ TopFX Pros & Cons
✅ Pros
- Regulated by CySEC with investor protection
- Free demo account available for practice
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 TopFX Education & Research
TopFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 TopFX Customer Support
TopFX offers customer support to assist traders with their queries.
⭐ TopFX User Reviews
📝 User reviews will be displayed here. Share your experience with TopFX!
Write a Review🏆 TopFX — Our Verdict
TopFX is a solid choice for most traders. With CySEC regulation, 0.0 pips EUR/USD spreads, and a $0 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ TopFX — Frequently Asked Questions
Is TopFX a safe and regulated broker?
Yes, TopFX is regulated by CySEC, which is a Tier 2 - Strong Protection regulatory authority. The broker also holds licenses from 2 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at TopFX?
The minimum deposit at TopFX is $0. This means you can start with any amount. This is considered low and accessible for beginners.
What trading platforms does TopFX offer?
TopFX offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- cTrader — Premium platform for professional traders
What are TopFX's spreads on EUR/USD?
TopFX offers EUR/USD spreads . The broker uses Raw/ECN spreads. On ECN accounts, there's a commission of $2.75 per lot round turn.
How long do withdrawals take at TopFX?
Withdrawal processing times at TopFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does TopFX offer a demo account?
Yes, TopFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is TopFX's maximum leverage?
TopFX offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use TopFX in ?
TopFX accepts traders from . The broker operates under CySEC regulation. Always verify current availability and applicable regulations on the broker's website.
Does TopFX offer Islamic (swap-free) accounts?
Yes, TopFX offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact TopFX's support to request an Islamic account.
What instruments can I trade with TopFX?
TopFX offers access to 600+ tradable instruments:
- 90 Forex currency pairs
- 14 Cryptocurrencies
- 400 Stock CFDs
