TopFX Global Review 2024


3.8 / 5
TopFX Global is #108 in our CFD broker rankings.

TopFX Global's competitive pricing and fast execution will suit experienced forex traders looking for good value and ultra-fast trading via an STP model.

- Daytrading Review Team

TopFX Global is a multi-regulated CFD broker that offers traders fast and reliable access to global markets. It provides access to forex, indices, shares, metals, energies, ETFs, and crypto CFDs via the popular MT4 and cTrader platforms, with a competitive leverage range of up to 1:1000 (depending on the financial instrument traded, the regulatory jurisdiction and the platform). The spreads vary with the account type and market conditions.

$50
MT4, cTrader
Forex, Indices, Shares, Metals, Energies, ETFs, CFDs, Cryptocurrency
100% Universal Bonus T&Cs Apply
USD, EUR
Visa, Mastercard, Debit Card, Credit Card, Wire Transfer, Swift, Apple Pay, Google Wallet, Skrill, Neteller, Bitcoin Payments, Ethereum Payments, Perfect Money, Dragonpay, M-Pesa, FasaPay, PIX Payment, Sticpay, Bitwallet

Forex Trading

They provide over 60 Forex pairs, including major, minor, and exotic ones. Traders can take advantage of the price dynamics and benefit from low trading costs due to tight spreads starting from 0.0 pips and ultra-low commissions on the RAW account. They ensure that traders always receive the best prices by offering industry-leading prices and sharp execution.

Stock Trading

At TopFX Global, you can access more than 500 global Share CFDs, where you can trade stocks such as Apple, Amazon, Facebook, Credit Suisse, Deutsche Bank, and many others. With the assistance of cTrader, traders can take advantage of ultra-fast execution and 0 commissions on the RAW account. TopFX Global also provides traders access to over 16 stock index CFDs, including the Germany 40 and UK 100.

CFD Trading

TopFX Global enables traders to trade CFDs on a range of underlying assets, for example, Gold, Silver, and Platinum. You can also trade energies, allowing you to participate in the oil and gas market without having to invest in physical barrels or gallons. Additionally, for ETF traders, TopFX Global also offers CFDs on 18 iShares. These ETFs track the performance of different markets and sectors, allowing you to get exposure without trading individual stocks.

Crypto Trading

TopFX Global provides an opportunity to take advantage of the liquidity of cryptocurrencies without having to possess them. You can trade over 20 cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and more. Trading cryptocurrencies with TopFX Global enables you to leverage up to 1:10; the smallest contract size is 0.01 lots.

Copy Trading

TopFX Global offers low-cost copy trading tools to account holders through the cTrader platform. We like the real-time account and fund controls and the user-friendly interface which beats many alternatives.

Awards

  • Top Trading Conditions 2023 - Smart Vision Investment Expo
  • Best Retail Forex Broker 2023 - Fintech & Crypto Summit Bahrain
  • Best Copy Trading Platform 2022 - WikiEXPO

✓ Pros

  • Over 600 tradable instruments
  • Offers powerful MT4 and revolutionary cTrader platform
  • Fast execution with average speeds below 30ms
  • Raw spreads from 0.0 pips
  • Hassle-free withdrawals and deposits
  • Leverage of up to 1:1000

✗ Cons

  • Not available to traders in the US, Canada, EU countries, Iran, North Korea, and Myanmar. Additional restrictions may apply to individuals being a national or national of other countries as well.

TopFX Global is a regulated online broker providing access to more than 600 CFDs. Clients can use the MetaTrader 4 and cTrader terminals, plus an intuitive copy trading solution. In this TopFX Global review, we explore all aspects of the Cyprus-based broker, from the registration process and welcome bonus to leverage rates and live account options.

TopFX Global Headlines

TopFX Global Ltd was founded in 2010 to provide liquidity and white label solutions to forex brokerages, investment firms and hedge funds. The company has since entered the retail trading market, offering leveraged forex, CFD and ETF investing.

TopFX Global follows an STP trading model and has an active customer base across Europe, Asia and Africa, including Indonesia, Thailand, Malaysia, Vietnam and Nigeria. The brand has picked up several awards and customer reviews highlight the fast withdrawals and competitive trading costs.

The online broker is licensed with the CySEC (Cyprus Securities and Exchange Commission), the UK FCA (Financial Conduct Authority), and the Seychelles FSA (Financial Services Authority). These are reliable agencies and provide a degree of trust for traders.

Platforms

Clients are given access to the MetaTrader 4 (MT4) and cTrader platforms. MT4 and cTrader are available as desktop clients, web-based platforms, and mobile apps for smart devices.

Both platforms have been well-reviewed by the forex community, suiting the needs of different traders. MT4 has been praised for its simplicity, flexibility, and support for algorithmic trading, while cTrader is equipped with more sophisticated tools and copy-trading capabilities.

cTrader

cTrader has become an increasingly popular rival to the MetaTrader platforms. Its interface is clean and modern, with customisable charts and watchlists. The platform features over 70 technical analysis indicators plus 54 different timeframes.

cTrader offers 3 types of market depth and level 2 pricing. Users can implement algorithmic trading through cBots, which perform the same function as MT4’s Expert Advisors. cTrader is also one of the fastest retail trading platforms, with a 3ms internal processing time.

Features of cTrader include:

TopFX Global has also branched out into copy trading via the cTrader terminal. This allows investors to rank strategies and mirror the positions of successful traders. Users can also modify the funds allocated to a specific strategy and access detailed reporting on all opened and closed positions. The broker’s full suite of trading assets is available.

MT4

MT4 is the market leader for forex trading platforms with the highest number of users worldwide. The terminal suits traders of all experience levels thanks to its user-friendly features and range of technical tools. It is worth pointing out, however, that MT4 offers fewer timeframes than cTrader.

TopFX Global customers can use over 30 pre-installed indicators on MT4, as well as trading bots, known as Expert Advisors (EAs). Additional indicators and EAs can be purchased on the MetaTrader marketplace. Users can also build bots and indicators using the MQL4 programming language.

Features of MT4 include:

TopFX online platforms
MetaTrader 4

Products

TopFX Global offers access to over 600 markets with a particularly impressive range of currency pairs, spanning majors, crosses and exotics.

Available markets include:

Clients that sign up for an FSA-regulated account can also speculate on cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash.

Leverage

The leverage available to TopFX Global customers depends on where they register an account. Regulators have different leverage restrictions.

Always remember to use appropriate risk management tools when trading on margin.

FSA Leverage

Note leverage in each category may differ between symbols. Check the platform for individual specifications.

Mobile Apps

The mobile versions of MT4 and cTrader can be downloaded to iOS and Android devices. The applications allow clients to monitor their accounts and execute trades from any location.

The cTrader app is particularly advanced, with 26 timeframes and 5 chart types, plus the ability to organise instruments into categories via the Watchlists feature. The platform also combines trading signals, market information, and news updates under the Blotter tab. Alternatively, the MT4 app offers fewer chart types (3) and timeframes (9) but has over 30 technical indicators. Both mobile applications are easy to use with slick interfaces.

TopFX mobile trading
Mobile Application

Fees

As a liquidity provider, TopFX Global offers competitive trading fees. The spreads available depend on whether clients choose a RAW account or a ZERO account. RAW account users can access spreads starting from zero pips, which is offset by a 2.75 EUR commission per side per lot. ZERO account clients get spreads starting from 1 pip.

Spreads on currency pairs are generally lower than the industry average of around 1.5 pips. Popular pairs like EUR/USD, GBP/USD, and USD/CAD offer spreads from 0.0 pips, 0.1 pips, and 0.1 pips respectively, with the RAW account.

TopFX Global does not charge commission on share CFDs or ETFs. Spreads on indices range from 0.9 pips to 10 pips.

Live Accounts

TopFX Global offers two types of accounts: RAW and ZERO. The RAW account charges a flat 2.75 EUR fee on trades but has lower spreads. ZERO users, on the other hand, pay no commission but incur higher spreads.

According to TopFX Global, both accounts are equally priced in the long-term, with the RAW account best suited to those that prefer a clearer pricing model.

Islamic (swap-free) accounts are available across both the RAW and ZERO formats.

RAW ccount

ZERO Account

Payments

Deposits

Payments to TopFX Global can be made by various methods, including PayPal, card (Visa or Mastercard), e-Wallet (Neteller or Skrill), or bank wire transfer. Except for wire transfer, which takes 3-5 working days, transfers are processed instantly. Deposits are fee-free.

Accounts require a 50 USD minimum deposit.

Withdrawals

The broker processes all withdrawals within one working day. Funds may take slightly longer to reach clients’ accounts depending on the transfer method (up to 5 days for wire transfer). TopFX Global does not take a commission on withdrawals.

Security

As a multi-regulated broker, TopFX Global follows security measures designed to protect trader capital. User funds are kept segregated from the brokers’ pool of money in top-tier European banks. TopFX Global also provides negative balance protection so traders can’t lose more than their initial deposit.

Note, clients who trade with TopFX Global’s Seychelles office do not receive insurance, but are granted negative balance protection and benefit from segregated trading accounts.

Customer Support

The customer service team can be contacted 24 hours a day, 5 days a week. Contact options include:

Additional Tools

TopFX Global’s educational offering varies depending on the territory. In Italy and Thailand, for example, the brand runs twice-weekly webinars. However in English, TopFX Global’s education resources are limited. This is disappointing, as many brokers offer extensive additional tools for new traders. Economic calendars and pip or profit calculators are also not available.

With that said, clients can still make use of the copy trading solution which is an excellent tool for those new to the financial markets.

TopFX social trading
cTrader Copy Trading

TopFX Global Verdict

TopFX Global is a reliable forex and CFD broker offering competitive fees. The firm is regulated by multiple trusted bodies and offers negative balance protection. In addition, both the MT4 and cTrader platforms are available alongside the broker’s popular copy trading solution. Overall, we’re comfortable recommending TopFX Global to our readers.

FAQs

Does TopFX Global Offer A Welcome Deposit Bonus?

TopFX Global provides an up to 100% exclusive deposit bonus to any client who satisfies the eligibility conditions Terms & Conditions.

Does TopFX Global Have A Minimum Deposit?

Yes, it’s 50 USD (or equivalent).

What Markets Can I Trade With TopFX Global?

Clients can take positions across 600 CFDs, including currency pairs, stocks, ETFs, indices, precious metals, energies and cryptocurrencies.

Does TopFX Global Have A Demo Account?

Yes, TopFX Global has a demo account.

Top 3 Alternatives to TopFX Global

Compare TopFX Global with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  3. FP Markets – Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
    Go to FP Markets

TopFX Global Comparison Table

Compare TopFX Global With Similar Brokers
TopFX Global AvaTrade Pepperstone FP Markets
Rating 3.8 4.9 4.8 4
Markets Forex, Indices, Shares, Metals, Energies, ETFs, CFDs, Cryptocurrency CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $50 $0 $40
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators CySEC, FCA, FSA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB ASIC, CySEC, FSA
Bonus 100% Universal Bonus T&Cs Apply
Education Yes Yes Yes Yes
Platforms MT4, cTrader WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
Leverage 1:1000 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:500 (Pro) 1:30 (UK), 1:500 (Global)
Payment Methods 19 13 11 15
Visit Visit Visit Visit Visit
Review AvaTrade
Review
Pepperstone
Review
FP Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by TopFX Global and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare TopFX Global Trading Instruments
TopFX Global AvaTrade Pepperstone FP Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No Yes Yes Yes
Crypto Yes Yes Yes Yes
Futures No Yes No No
Options No Yes No No
ETFs Yes Yes Yes Yes
Bonds No Yes No Yes
Warrants No No No No
Spreadbetting No Yes Yes No
Volatility Index Yes Yes Yes Yes

TopFX Global vs Other Brokers

Compare TopFX Global with any other broker by selecting the other broker below.

 

Customer Reviews

There are no customer reviews of TopFX Global yet, will you be the first to help fellow traders decide if they should trade with TopFX Global or not?

Submit Your Own Review of TopFX Global

If you have experience trading with TopFX Global please share your personal review of the broker and what you think are strong and weak points. Thank you.

Visit
TopFX Global is a multi-regulated CFD broker that offers traders fast and reliable access to global markets. It provides access to forex, indices, shares, metals, energies, ETFs, and crypto CFDs via the popular MT4 and cTrader platforms, with a competitive leverage range of up to 1:1000 (depending on the financial instrument traded, the regulatory jurisdiction and the platform). The spreads vary with the account type and market conditions.