TopFX is an international Crypto and Forex CFD broker, that operated from Cyprus and the Seychelles.
Address in Europe: 19 Stratigou Timagia, 3rd Floor, 3107 Limassol, Cyprus. Contact phone number is: +35725352244, and the customer support email address is: [email protected]. Official website is: https://TopFX.com/. For withdrawal problems and complaints, go here.
Our review of the broker TopFX finds that they are unique and different from other MT4 brokers, because they also offer you the cTrader trading platform.
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. cAlgo is an add on for cTrader which lets you run algorithmic trading on your account.
Total available underlying assets available for trading CFD’s is over 1000. They offer trading of; Forex, Commodities, Individual Stocks / Shares, Market Indexes, Crypto Currencies like Bitcoin and Commodities. Spreads start from 0.0 pips on their RAW trading account type, with commissions of $2.75. Leverage / Margin rates are limited to 30:1 for European traders using their CySEC regulated brand. All other investors can get up to 500:1 on their Seychelles based website.
Is TopFX a Legit Broker?
Yes, TopFX operates under two different entities, depending on the clients residency.
- Cyprus: TopFX Ltd is licensed and regulated in Europe by CySEC, with license number 138/11. A CySEC licensed broker offers Cypriot investors certain protections on their Forex trading accounts.
- Seychelles: TopFX is a brand of Fondex Limited with registration number 8424819-1, which is licensed by the Financial Services Authority (FSA) of Seychelles as a Securities Dealer license number SD037.
When the Scam Broker Investigator reviews a Forex CFD broker to see if they are legit or a scam, we look for a valid brokerage firm license. The reason Forex investors will only use a licensed and regulated broker, is because then you can feel safe that your funds are kept in a segregated bank account.
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If you already have a trading account with TopFX, please share your investing experience in the comments section below.