TopFX Review

TopFX is an established broker providing services through both European and international financial licenses. This 2025 review offers a clear guide to their services, focusing on their pricing models, regulatory structure, and the trading platforms available to their clients.

Live Spreads: How TopFX Structures Its Costs

A primary expense in trading is the spread, which is the difference between the buy and sell prices of an asset. TopFX's Premium account offers a simple pricing model where the commission is integrated directly into the spread. This means all trading costs are included in the spread, and there is no separate commission to pay per trade.

At present, live spread data for TopFX confirms that the broker has competitive pricing versus its peers and represents a valid alternative for traders looking to save on the trading costs. Click the 'Edit' button if you wish to compare TopFX spreads for other symbols or versus other brokers.

Regulation: Authorisation in Europe and Offshore

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 activities are supervised by a number of regulatory authorities. TopFX Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), a significant financial regulator within the European Union. In addition, TopFX Global Ltd is regulated by the Financial Services Authority (FSA) of Seychelles, and TopFX Markets Ltd is licensed by the Financial Services Commission (FSC) of the British Virgin Islands.

This multi-entity setup means that clients are onboarded into different regulatory environments. Clients under the CySEC framework are afforded protections under strict EU financial laws, including negative balance protection and access to the Investor Compensation Fund (with coverage up to €20,000). In contrast, clients registered with the FSA (Seychelles) or FSC (BVI) entities can be offered much higher leverage, but they operate outside the specific protective and compensation schemes provided within the EU.

Available Assets: Diverse Markets Including ETFs and Crypto

TopFX provides its clients with the ability to trade a wide variety of financial markets. Their product offering includes foreign exchange pairs, CFDs on a range of global company shares, major stock indices, energy commodities like oil, precious metals, numerous cryptocurrencies, and even exchange-traded funds (ETFs).

As specific symbol data is not currently shown here, it is advisable for clients to refer to the TopFX website or their trading platform for a full and up-to-date list of all tradable instruments. These markets are traded via CFDs (Contracts for Difference), which is a method of speculating on price movements using leverage and involves inherent risks.

Live Swap Rates: Daily Adjustments for Holding Trades Overnight

Holding a trading position open from one day into the next typically involves swap rates. These are essentially overnight financing adjustments that can result in either a charge or a credit to your trading account. The amount is determined by the specific instrument, the direction of your trade, and the prevailing interest rate differentials. For traders who require it, TopFX also offers Islamic accounts which are designed to be swap-free.

At the moment, live swap rate data for TopFX is not available for display in our comparison tool. This prevents a direct evaluation of their overnight holding costs against other brokers here. Clients should check the specific swap rates for any given instrument directly within their MT4, MT5, or cTrader platform. As is standard, a triple swap adjustment is usually applied mid-week (often on a Wednesday) to account for holding a position over the weekend period.

Trading Platforms: Offering MT4, MT5, and cTrader

Clients of TopFX have the choice of three leading trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 is the long-established industry benchmark, widely known for its vast ecosystem of automated trading tools (Expert Advisors). MT5 is its modern successor, offering additional timeframes, tools, and a more advanced programming language. cTrader is a popular alternative, often chosen by traders who prioritise advanced order functionality and a detailed view of market depth. All platforms are provided for desktop and mobile devices.

Deposits/Withdrawals: Supporting Many Payment Options, inc. Cryptos

TopFX offers an exceptionally comprehensive range of methods for funding a trading account. In addition to conventional options like credit/debit cards and bank transfers, they accommodate several e-wallets (such as Skrill, Neteller, and Perfect Money), direct transfers of cryptocurrencies (including BTC, ETH, LTC, USDT), mobile payment solutions (Apple Pay and Google Pay), and various local payment systems like DragonPay, Pix, and M-Pesa.

While TopFX itself may not add direct charges, it is important to remember the possibility of third-party fees. *Intermediary banks may apply charges for wire transfers. **Cryptocurrency transfers will always have standard network fees. It is recommended to confirm the availability of methods, any transaction limits, and potential costs for your specific country on the official TopFX website.

Leverage: Up to 1:1000 via Offshore Licensing

The maximum leverage that a client can access at TopFX is set by the regulatory authority that governs their account. Under the CySEC (EU) regulation, leverage for retail clients is generally limited to 1:30 for major foreign exchange pairs. Through their entities regulated by the FSA in Seychelles and the FSC in the BVI, TopFX is able to offer considerably higher leverage, up to a maximum of 1:1000. Using such high leverage significantly magnifies market exposure and the associated level of risk.

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 Cashbackforex.com provides a summary of their key operational facts: established in 2010, with regulated entities in Cyprus, Seychelles, and the BVI. It also lists their accepted base account currencies (USD, EUR, GBP), broad language support, their exceptionally wide range of funding methods including digital currencies, and the types of financial instruments they provide 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: Information on Current Client Incentives

Specific details regarding promotional campaigns, such as new client welcome bonuses or ongoing loyalty schemes, are not outlined in the available profile information. Prospective clients who are interested in such offers should visit the promotions page on the official TopFX website to check for any current deals and to carefully review all the accompanying terms and conditions before they choose to participate.