TopFX Review And Rating

The package offers access to the greatest trading platform suite as well as Tier 1 liquidity. They’ve set the package’s pricing competitively to offer new entrants to the industry a boost. TopFX’s Introducing Broker program, which was launched in 2015, allows experienced FX affiliates and Entering Brokers to refer customers to TopFX. With a minimal deposit, retail FX traders may experience institutional-level trading with comparably tight spreads, quick trades execution, and adjustable leverage. While TopFX does not list any bonuses or promotions on its website, the legal section displays two documents outlining two offers. A $50 no-deposit bonus is available, granted following the account verification of new clients.

TopFX does not offer its services to residents of the United States of America, Japan, North Korea, Iran, and other countries where such services are prohibited. If you are from the US, our top USA brokers list can help you find a suitable alternative. In addition, our tool to compare brokers can also help you find a broker according to your needs. You have professional experience working in the financial sector for at least one year in a position which requires knowledge of the transactions or services envisaged. Your financial portfolio, including cash deposits and financial instruments, exceeds EUR 500,000.

topfx review

These are minor hiccups that wouldn’t be a deal breaker for me personally. The broker can still be a good option for anyone looking for easy access to the markets in a regulated environment with very competitive trading conditions. TopFX is a trading broker that offers a good range of trading products and services. You can trade on more than 1,000 financial instruments across different asset classes, including CFDs on forex, cryptocurrencies, indices, shares, metals, energies and ETFs. The broker provides you with a good choice of sophisticated trading platforms for accessing the markets across all of your devices with minimal interference. The minimum deposit of $200 is not the lowest but free demo accounts are available if you want to give them a try without any commitments.

Some of the most prominent features of this platform include interactive charting, various timeframes, indicators, and expert advisors. Once a forex trader meets the conditions above, they can register a forex trading account to use the services of TopFX. Through this regulation, TopFX is required to ensure that all client funds are kept in segregated accounts, separate from the broker’s own funds. Strict regulation also ensures that TopFX fulfills its financial obligations and that forex traders are kept safe from fraudulent activity. TopFX offers a free news blog for forex news on its official website.

Account Currencies are variable through different countries and Only after a strategy meets the approval of TopFX’s business development team is it made available to investors. It can be made via debit/credit card, wire transfer, or E-wallet. Withdrawals can be done the same way and depending on the amount and the method can take 3 – 7 business days. The only fee the company is charging for withdrawals is in case of wire transfer of the amount less than 100 EUR . The platform is available in web and desktop versions, and for smart devices. This trading platform allows traders to use an Automated system as well.

TopFX: Deposits And Withdrawals

We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible. The transfer/withdrawal can be done immediately without any commission. nonfarm payroll forecast I have never encountered any problems and their customer service is great. TopFX was my first ever broker, and is my only broker until today. I lost frequently at the very first time, so I wanted to minimize my losses and profited well.

Obviously, Topfx did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market. Topfx hides most of the trading conditions and raises suspicion. In summary, regardless of the trading conditions provided by Topfx, we do not recommend that you trade with it, because it is not regulated and may be a scam. He can cause huge losses to his customers, so in our opinion, he is a potential liar.

TopFX has one commission-free and one commission-based account type. The trading conditions remain identical except for the pricing environment, which ranks among the best industry-wide. It has a Telegram channel with daily appointments, training, macroeconomic calendar, market analysis, all you need is provided by TopFx to get in the best way, without having to pay unreferenced people. TopFX offers multiple deposit methods, Negative Balance Protection and zero fees on deposits. All client funds are held in segregated accounts with reputable banks.

Traders who select the commission-based alternative get access to raw spreads from 0.0 pips for a commission of $2.75 per lot or $5.50 per round lot, one of the most trader-friendly offers. Other costs include swap rates on leveraged overnight positions, and third-party deposit and withdrawal fees may apply. TopFX passes corporate action on to client portfolios, and a $5 monthly inactivity charge applies after 90 days of dormancy.

We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. ReportScamOnline now considers TopFX to be operating an online scam.

topfx review

The latest SSL technology is used to encrypt all sensitive personal and financial data, so you can be confident your details will remain confidential. There are no fees levied by TopFX for deposits, but some of the third party payment providers may make a charge. Unless a deposit is made via wire transfer, funds will appear in a trading account straight away. TOpFX is a well-regulated broker based in Cyprus, offering good trading conditions and transparency. Account opening is fast and there are various trading instruments and platforms available for traders, including advanced cTrader and copy trading.

So I worked hard to control my emotions and traded on my own with the help of the customer support. They gave me tips on what to do when I feel like I’m starting to be too emotional. I practiced and I think I did well because I have now reached my goal. At the center of the offerings the company also has the withdrawal methods as follows Bank Wire, Credit & Debit Cards, Skrill, China Union Pay, WebMoney & Neteller.

It’s simply a free bonus that you can use to try out the live trading environment. If you’re profitable, you can withdraw the cash and get your money back. The $50 no deposit bonus from TopFX is available for one month only, and you can only withdraw the amount that exceeds $150 during this period. The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license.

Forex Peace Army

TopFX is an online trading broker that operates the straight-through processing execution model and offers fast trade executions below 25 ms, with competitive spreads and commissions. Traders are provided with educational resources and a customer support team to assist them. TopFX is an online broker that give you access to trade a great selection of financial products via the user-friendly yet advanced MetaTrader 4 and cTrader platforms for all of your devices. The broker offers real time price streams, rapid trade execution speeds, reasonable spreads and low fees.

As with FX and Indices, you can either choose a RAW or ZERO account. Trade 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. The broker provides you with a good selection of educational resources, including PRs & Interviews, Events, Market Holidays, Trading Articles, and Videos. However, I feel it would be nice if the broker had provided seminars, webinars, and podcasts because these resources help beginners interact and learn from professionals. CTrader allows you to copy trading techniques from other traders while maintaining complete control over the whole copy trading operation.

We do not recommend trading with Topfx as this broker was suspected of being a scam. Regardless of the trading conditions provided by Topfx, we do not recommend that you trade with it as it is unregulated and likely to be a scam. He can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer. For over 11 years, TopFX has established itself as a major player in the online financial field, with a proven track record of positive customer satisfaction. Our key responsibility to offer top notch services to all our traders.

What is the Offering of Investment in TopFX?

Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest stock exchange by market capitalization. I’m a forex enthusiast turned writer from the University of North West, South Africa. Born on 11 November, 1987 – when I’m not behind my writers desk I enjoy reading about entrepreneurship, woman led startups and blockchain technology. When you compare Forex brokers, just know that there are literally hundreds to choose from, just look here. Yes, TopFX operates under two different entities, depending on the clients residency.

Both ensure that traders can manage portfolios with a distinct competitive edge, which increases long-term profitability. The MQL Suite of Trading Tools consists of 250 indicators, panels, expert advisors and other functionalities. It represents the best MT4 upgrade package among all online brokers and does warrant opening a trading account on its merit. Adding the competitive core trading environment, deep liquidity, trader-friendly pricing environment, asset selection and NDD execution makes TopFX one of the best online brokers. The $50 no-deposit bonus from TopFX is designed to provide new traders with the opportunity to test their live trading environment before making a substantial investment. This bonus will not be a deposit bonus, but you can withdraw the money if you make a profit of at least $150 during this time.

Does TopFX offer demo accounts for Forex trading?

Both these trading platforms can be downloaded on Android and iOS, with MetaTrader 4 also available to Windows Mobile devices. Once the forex trader has verified their email address, they can log into their client portal and select the option for a demo account from the options provided. No, TopFX does not offer forex traders a commission-free trade bonus. Traders must be 18 years old or older to register a live trading account and start trading. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement.

TopFX Metatrader 4

Who answers questions even in the middle of the night is a great person. Mobile trading is steadily gaining ground with the majority of traders using more than one device types to place and monitor their trades. TopFX charges no fees for deposits and withdrawals, however, you might incur fees charged by your bank or payment provider. The installment strategies accessible for stores are likewise accessible for withdrawals.

Dash is a digital money that offers one of a kind elements contrasted with other altcoins. It is a profoundly natural, adjustable, and mechanized stage that gives many elements and exchanging apparatuses. Probably the most noticeable elements of this stage incorporate intuitive outlining, different time periods, markers, and master consultants. In the Zero record of TopFX, merchants get the most minimal comprehensive spreads in the profoundly effective exchanging climate.

No, TopFX is not regulated in Europe, but it has cross-border licenses to offer products to European forex traders. 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. 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. The strategies are always monitored real-time to ensure consistent returns.

What to Look For in the Best Forex Trading Platform

Its services are available in all major countries of the world but its privacy policy sometimes varies according to the regulations of the clients’ residence country. HeraldSheets.com produces top quality content for crypto companies. global asset allocation: a survey of the world’s top asset allocation strategies If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions.

The TopFX RAW account is ideal for traders who prefer to receive a raw price feed and pay commissions separately. For some traders it may be a factor contributing to increased order execution transparency, however, the TopFX RAW accounts have the same cost-efficiency like their ZERO accounts. Our main idea is to provide the kind of news that is original and 12trader at the same time, it can prove to be beneficial for our audience. Now coming towards Indices, you can exchange 14 worldwide Indices at this stage with 0.4 pips spread and a $2.75 commission for every part. For items, you can exchange CFDs on gold and oil with very close spreads. You would be expected to pay just 3 pips in both of the offered accounts.

Sometimes, in Forex trading scams, the fraudulent broker only offers their own platform, which may turn out to be fake. When investigating a broker case, try customer support, but keep in mind that even rogue brokers can appear friendly and helpful at first, and can later show their true colors. With this lack of information and unregulated Topfx, funds are not safe. This is why it is important to learn more about Topfx before opening an account and sending money or submitting any documents.

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This platform is way more sophisticated and meant to be used by experienced traders. TopFX has its main office in Limassol, and as such is licensed and regulated by CySEC. It also holds a cross border licence which allows the company to provide investment and ancillary services to EU member states, as well as 75 third countries. TopFX works in accordance with all applicable EU and local regulations. These include MiFID and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007.

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. TopFX is the trade name of Fondex Limited, a company registered under the Laws of Seychelles and licensed by the Financial Services Authority of Seychelles. They are also regulated by the Cyprus Securities and Exchange Commission .