However, these benefits are not unique and depend on alignment with traders’ needs. TopFX’s offer is competitive, especially for smaller deposits, but it’s not groundbreaking. The terms are similar to what other brokers offer—bonuses that can’t be withdrawn and come with withdrawal conditions. It’s a decent offer but doesn’t make TopFX stand out significantly.
- TopFX’s educational materials are notably led by industry veterans, lending great credibility to their content.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Yes, TopFX has a $5 inactivity fee after 90 days without trading activity.
Day Trading: Perfect Match
However, while their support is capable, we feel the absence of 24/7 availability is a missed opportunity. Providing 24/7 support would truly align with their client-first philosophy, especially considering topfx reviews their global client base. We’ve noticed that more detailed communication in certain areas, like the specific limitations on some services, could take their transparency to the next level.
I used Ctrader when trading with TOPFX
For the Raw account the spreads start from 0.0 pips, with additional commissions, whereas for the Zero account, all the fees are integrated into spreads, and start as low as 0.5 pips. For the EUR/USD pair, the spread is 0.2 pips, while for the XAU/USD pair, the minimum spread is 3 pips. Execution..nothing makes trading better than knowing you have the right partner in your trading journey.Support is top notch!! Fast withdrawals and deposits..no monkey games with your 💰 💰.5star definitely.P.s If you choose to open an account on topfx, write to me (dkareithi at gmail) I will help you out. However, TopFX’s educational content is somewhat limited and not frequently updated. Also, the $50,000 minimum deposit on its Raw accounts is quite high for retail traders.
What features does TopFX add to MetaTrader 4 (MT ?
Traders may pay for third-party payment processing costs, which TopFX does not control. The Zero Account offers spreads starting from 1.0 pips, with all trading costs included in the spread. There are no additional commissions, simplifying the fee structure. A minimum deposit of $200 is required, making this account more accessible to newer traders. TopFX, founded in 2010, offers a small but still significant range of forex and CFD instruments with 60 forex pairs and 655 tradeable symbols. However, its overall offering is considered below average due to the lack of educational resources and advanced trading platforms, making it less suitable for novice traders.
Trading Platforms and Tools
This safeguard can save your investment, even in a worst-case scenario for the broker. For comparison, the ZERO account is commission-free but features higher average spreads of 1.03 pips on the EUR/USD for July 2024. We value all reviews as they are essential in helping us enhance our services. You will receive an email from Trustpilot requesting additional details. There is currently no comprehensive education provided for the European entity, however, there are particular regions with education programs.
Its Zero account features commission-free trading and floating spreads from 1.0 pips. TopFX offers low fees that are particularly attractive to day traders. The broker provides tight spreads, starting at 0.0 pips on certain account types. Additionally, TopFX charges low commissions, especially on its Raw account, designed for traders seeking the lowest trading costs. The broker’s mobile application allows clients to trade from anywhere accessing through Android or iOS device.
Which platforms does TopFX offer?
They provide traders with the MT4 platform, which is one of the most popular platforms among traders globally. It is user-friendly, customizable, and simple enough for beginners to use with demo accounts if you wish to practice trading using virtual funds. MT4 allows you to trade automatically with an expert advisor, copy the trades of other users, and access a suite of powerful indicators. Customer support is vital to any broker’s offering, especially when things go wrong and traders need help fast. TopFX emphasizes customer support, but we wanted to see how it performs regarding accessibility, multilingual support, and the complaint handling process.
Support
TopFX offers mobile trading options for both MT4 and cTrader, giving traders access to their accounts and the markets on the go. However, there are differences between the two platforms in terms of user experience and functionality. TopFX is a well-established and regulated Forex broker known for offering diverse trading instruments and flexible account options. The broker is recognized for its competitive spreads and comprehensive customer support. TopFX offers a broad range of trading instruments, including 60 forex pairs and a total of 655 tradeable symbols.
However, the broker lacks VPS hosting for low-latency trading and stable internet connectivity. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
- TopFX is a well-established and regulated Forex broker known for offering diverse trading instruments and flexible account options.
- However, it may take up to 3-7 business days for the funds to appear in the bank account, depending on the third-party provider.
- TopFX offers Smart Order Routing (SOR) for optimal trade execution, VPS hosting for uninterrupted automated trading, and daily market analysis and research reports.
- An integrated economic calendar keeps traders updated on market events directly within MT4.
We have over 20 years of experience when it comes to trading online so we know what to look for. Be bullish or bearish on 14 global Indices with spreads starting from 0.4 pips and commissions €2.75 per lot or opt for an all-inclusive spread account. Trade forex with 60 currency pairs with spreads from 0.0 pips when you choose the RAW account and 0.5 pips when you choose the ZERO Account. I noticed they don’t provide you with any social trading platform or integration with other social trading platforms such as ZuluTrade or Myfxbook. In saying that, they do provide copy trading on both platforms, compensating for the absence of social trading. In any case, eToro is one of the best social trading platforms if you are interested in social trading.