TopForex Review for 2019

TopForex Rated 4/5

TopForex Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of TopForex we break down the pros and cons. What TopForex are able to offer, what countries TopForex are available in. Who TopForex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open TopForex's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to TopForex

With this review we hope to help you see if TopForex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding TopForex that will help you get off to a good start in the world of online trading.

TopForex what you should know

TopForex offer one way to trade: Forex.

With TopForex you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with TopForex platform.

TopForex are able to accommodate various levels of traders whether you are experienced or a beginner.


Are TopForex safe?

When choosing a broker like TopForex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 10 years TopForex have a head office in Cyprus.

TopForex is regulated. This means TopForex are supervised by and is checked for conduct by the CySEC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TopForex, this will be honored. If TopForex violate any regulatory rules their regulated status could be stripped.

Any payments funded to TopForex accounts by traders are held in a segregated bank account.

For added security TopForex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with TopForex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit TopForex

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by CySEC
  • Min. deposit from $100

What we don't like

TopForex General Fees

  • TopForex withdrawal fees varies on payment method
  • TopForex does charge inactivity fees

TopForex Commissions

  • TopForex does charge commission on CFD shares

What can you trade with TopForex?

You can trade a wide variety of instruments with TopForex over 100 instruments infact.

If you are looking at trading currency pairs TopForex offer over 15 currency pairs.

Compare TopForex with Interactive Brokers and XTB below.

FX / Currencies TopForex IB XTB
# of forex pairs offered 15 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies No No Yes
Commodity CFDs TopForex Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs TopForex Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
TopForex's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on TopForex web platforms and other applications

TopForex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

TopForex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See TopForex's platforms

TopForex Trading benefits :

  • Low min deposit

TopForex Trading Accounts offered:

  • Demo account

Can I try TopForex before I buy?

TopForex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do TopForex accept?

TopForex offer the below funding payment methods. learn more about TopForex

  • Credit cards
  • Skrill

How can I start trading with TopForex?

When opening a trading account with TopForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TopForex trading platforms here.

Performing trades with TopForex

TopForex allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.

As a market maker, TopForex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, TopForex offer margin up to 0.002% on currencies.

Support at TopForex

TopForex support a wide range of languages including English, French, Italian, Hungarian, Greek, Slovak, Serbian, Dutch, Espanol, Romanian, Russian, Polish, Slovenian, Czech, Bulgarian, Arabic, Mandarin

TopForex have a double AA grade support rating because TopForex offer over three languages,

What you will need to open an account with TopForex

As TopForex is regulated by CySEC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore TopForex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TopForex you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.topforex.com on 12th August 2018.

TOPFOREX Frequently Asked Questions

Can I try TopForex before I buy?

TopForex offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do TopForex accept?

TopForex offer the below funding payment methods accept Credit cards, Skrill, among other payment methods. Learn more here

How can I start trading with TopForex?

When opening a trading account with TopForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TopForex trading platforms here.

Is my money safe with TopForex?

TopForex is regulated by CySEC. One of the most important criteria for traders when choosing a broker like TopForex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TopForex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.