TopForex Rated 3/5

TopForex Guide - Read our In Depth 2023 TopForex Review

This detailed TopForex review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex.
*This content does not apply to US users.

Learn more about TopForex.

Benefits of Trading with TopForex

TopForex Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 TopForex users and traders
๐Ÿ“† Founded 2009
๐ŸŒ HQ Cyprus
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries TopForex is not available in the following countries : US

Open TopForex's Website

Losses can exceed deposits

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is TopForex?

TopForex are a worldwide financial trading platform and broker. founded in 2009

Over 14 years later TopForex now serves over 10,000 retail investors Forex trading.

TopForex are a global broker. TopForex have a head office in Cyprus.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this TopForex review and assess how well the TopForex platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like TopForex. Choosing or shortlisting a trading platform like TopForex can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like TopForex.

As a result, selecting the right trading platform like TopForex requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like TopForex available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like TopForex requires thorough due diligence and careful consideration. Some TopForex trading features can be complex when trading on mobile or using the TopForex online trading platform. Beginners and inexperienced traders must take the time to learn how to use the TopForex trading tools properly. In our review of TopForex we explain the pros and cons. What TopForex offer, countries TopForex are available in. Who TopForex are regulated by and more.

TopForex Review Screenshot

When it comes to online trading with brokers like TopForex, carefully review TopForex as your broker can make or break your success. Choosing the right broker is essential to ensure your TopForex investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your TopForex review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of TopForex. You must also ensure the TopForex broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, TopForex needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with TopForex into easily digestible information in this TopForex review. We want to ensure you have all the knowledge necessary to use the TopForex trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with TopForex are the key to successful trading, so we've provided this detailed TopForex review. So, take a seat, grab a cup of coffee, and dive in to learn about TopForex and how it can benefit you or if TopForex is not for you.

Online investing with TopForex can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with TopForex, evaluating the TopForex platform is important. Evaluation includes researching the TopForex management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with TopForex. That's why it's essential to understand the TopForex company policies and practices before making any investment decisions. By doing your due diligence and understanding TopForex platform, you can make informed investment choices that align with your financial goals. So take the time to research TopForex thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this TopForex review you need to determine if TopForex is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to TopForex, so you can make a more informed decision and compare other brokers against TopForex.

If you want to look at some TopForex alternatives that might better fit your needs, we list and compare some of the best TopForex alternatives further down this TopForex review.

Don't be fooled by the misconception that online trading is easy with TopForex. It can be challenging and requires significant research and understanding of the TopForex trading tools and features. You must know what you are doing when trading with TopForex. That's why we've compiled this detailed TopForex review with some important information that will hopefully make you more informed when online trading with TopForex.

TopForex Review Table of Contents

TopForex review
TopForex is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about TopForex. TopForex is a multi asset platform with 100+ tradable Assets. Assets available on TopForex include Forex.

TopForex trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex are considered financial assets.

Features of TopForex

TopForex review
What you should know

TopForex offer one way to trade: Forex. The assets and products available to you on the TopForex trading platform depends on the region of the world, you are in and the TopForex entity you have an account.

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 considering TopForex for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as TopForex, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2009, and in operation for 14 years TopForex have a head office in Cyprus.

TopForex is regulated. This means TopForex are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

TopForex withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like TopForex are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. TopForex are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of TopForex and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. TopForex has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, TopForex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like TopForex, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If TopForex violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with TopForex?

All payments made to TopForex by traders are securely held in a segregated bank account.

TopForex uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should TopForex use them?

TopForex partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their TopForex clients' funds.

TopForex clients can have greater confidence in their financial security when working with a Tier 1 bank because TopForex are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in TopForex deposited in a Tier 1 bank?

Depositing funds with TopForex ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if TopForex were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that TopForex is a secure and safe platform.

Please be aware that trading in financial assets with TopForex carries a risk of loss. TopForex trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

TopForex emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about TopForex, let's closely examine its features.

To better understand the TopForex trading platform, you can create two separate accounts - one with real money and the other a TopForex demo account. A TopForex demo account provides a risk-free environment for experimenting with the TopForex platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in TopForex trading decisions.

Open a demo account Visit TopForex

Losses can exceed deposits

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

How TopForex as a Company Compare Against Other Brokers

Broker TopForex IC Markets Roboforex eToro
Year Established 2009 2007 2009 2007
Head Office Cyprus Australia Belize Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ TopForex users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit TopForex Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

TopForex review
TopForex Pros and Cons

What we like about TopForex

  • Used by over 10,000 TopForex users and traders
  • Established in 2009
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $100

What we don't like about TopForex

TopForex review
TopForex Regulation and Licensing in more detail

TopForex is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of TopForex going into insolvency. TopForex compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like TopForex to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for TopForex traders.

TopForex is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like TopForex you should be sure they're legitimate online agent.

Is TopForex Global?

Yes, TopForex is global as TopForex is available in over 194 countries.

TopForex is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries TopForex covers include the UK, Germany, South Africa, Thailand, China and Australia. TopForex has a total of more than 10,000 users.

TopForex review
TopForex Fees Explained

  • TopForex withdrawal fees varies on payment method
  • TopForex does charge a fee for inactive accounts.
  • TopForex does charge deposit fees.

TopForex Costs To Check

Modern brokers like TopForex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, TopForex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall TopForex trading profitability.

How TopForex Fees Compare Against Other Brokers

Broker TopForex IC Markets Roboforex eToro
Min Deposit 100 200 10 50
Withdrawal Fees Yes No Yes Yes
Inactivity Fees Yes No No Yes
Deposit Fees Yes Varies No No
CFD Commission Fees Yes No Yes

TopForex Minimum Deposit

TopForex requires a minimum deposit of 100 GBP/USD/EUR when opening an TopForex trading account.

A minimum deposit is the minimum amount of money required by TopForex to open a new online brokerage account with them.

Don't be scared off by brokers like TopForex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like TopForex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

TopForex Withdrawal Fees

The fees for withdrawing funds from your TopForex account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your TopForex withdrawal request is important.

TopForex Withdrawal rules may vary across different brokers when it comes to transferring funds from your TopForex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with TopForex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the TopForex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from TopForex. Researching and comparing TopForex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing TopForex funds frequently or dealing with large sums of money. Awareness of these TopForex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your TopForex funds.

For example, TopForex allows you to withdraw your funds to Credit cards, Skrill.

TopForex Inactivity Fees

TopForex does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by TopForex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all TopForex fees and services. It's recommended that you check the TopForex website before signing up. If you decide to close your TopForex account, it's important to do so with the TopForex broker customer support and obtain confirmation that no remaining TopForex fees are due.

Brokers like TopForex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

TopForex Deposit Fees

TopForex do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

TopForex Commission Fees

TopForex does charge commission on CFD instruments.

Brokerage firms like TopForex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the TopForex trading account level held by the trader.

TopForex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing TopForex terms and conditions to understand the commission fees and any other charges that may apply is essential.

TopForex review
What can you trade with TopForex?

It's essential to note that the trading instruments offered under the TopForex brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the TopForex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, TopForex offer over 15 currency pairs.

TopForex Compared To Other Brokers

Compare TopForex with IC Markets and Roboforex below.

Losses can exceed deposits

How TopForex Trading Options Compare Against Other Brokers

Broker TopForex IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 15 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes
Exotic Forex pairs Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit TopForex
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

TopForex review
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 trading apps help you stay on top of your trades and execute them on the go.

See TopForex's platforms

Is the TopForex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the TopForex trading platform to protect you on PC and mobile TopForex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using TopForex web trading platforms.

TopForex Trading Platform Options

After logging into your TopForex account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that TopForex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

TopForex does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options TopForex gives you.

TopForex review
TopForex MetaTrader 4 (MT4)

TopForex MetaTrader 4

TopForex MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on TopForex offers traders comprehensive features and tools to enhance their trading performance. The TopForex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the TopForex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows TopForex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give TopForex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 TopForex trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the TopForex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with TopForex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The TopForex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. TopForex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with TopForex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. TopForex MetaTrader 4 is compatible with the latest macOS. TopForex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on TopForex

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade TopForex MetaTrader 4 on iOS Devices

You can download the TopForex app or trade with TopForex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. TopForex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade TopForex MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and TopForex offers its clients access to the MetaTrader 4 platform on these devices. With the TopForex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing TopForex traders to stay on top of their trades and react quickly to changes in the market. With the TopForex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade TopForex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on TopForex are a powerful bundle of three major indicators designed to help traders make informed decisions. TopForex MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help TopForex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing TopForex traders to potentially stay one step ahead.

TopForex MetaTrader 4 Advanced Trading Tools

The TopForex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give TopForex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, TopForex provides traders with everything they need to succeed. The TopForex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing TopForex traders to analyze the market at any level of complexity.

Trade TopForex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

TopForex MetaTrader 4 AutoChartist

Autochartist on the TopForex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for TopForex MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, TopForex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save TopForex users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. TopForex traders can navigate the platform and find the information they need to make informed trading decisions.

TopForex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for TopForex traders of all experience levels.

TopForex Trading benefits

  • TopForex Low min deposit

TopForex Trading Accounts Offered

Below we give an overview of the account types that TopForex offer. Whatever you are looking to trade, the varying TopForex account types will be able to provide you with what you need.

  • TopForex Demo account

Can I try TopForex?

TopForex provides a demo account that enables individuals to explore trading before investing their funds. By creating a TopForex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the TopForex demo account can help individuals to make informed decisions before investing their money.

Open a demo TopForex account to practice and trade.

Losses can exceed deposits

TopForex withdrawal and funding methods

It's essential to remember that the payment methods provided by TopForex vary based on the TopForex entity and the TopForex client's country of residence. To view the TopForex payment options available, you can log into your TopForex member's area.

TopForex offers various funding payment methods listed in your TopForex dashboard if available in your region. To learn more about the TopForex funding and withdrawal options available in your area, you can explore the TopForex website.

TopForex provides several payment methods for funding your TopForex account. You may utilize any of these deposit options if they are available in your region. TopForex ensures that users have multiple payment methods to choose from, making it more convenient for verified TopForex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the TopForex user's location. learn more about TopForex funding and withdrawal methods.

TopForex Payment Methods

Some TopForex payment methods are local and are available only to specific regions. TopForex account holders should check which payment methods are provided in your region.
  • TopForex accepts Credit cards
  • TopForex accepts Skrill
Broker TopForex IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill Yes Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available TopForex and other broker payment methods depend on the clients country of residence.

How can I start trading with TopForex?

To open a trading account with TopForex, individuals can sign up on the TopForex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for TopForex account validation and making a deposit. Once completed, TopForex users can download the trading platform of their choice.

It's important to note that TopForex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps TopForex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the TopForex trading platforms is available on their website.

Losses can exceed deposits

Performing trades with TopForex

When using TopForex, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded.

TopForex, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like TopForex can be useful for traders starting or with limited capital.

Like other brokers, TopForex margin requirements can differ depending on the traded instrument.

CFD Trading on TopForex

We will show you an example of the basics of using TopForex leverage.

CFD trading on TopForex allows traders to speculate on the price movements of various financial instruments against the broker TopForex, without actually owning real assets. With CFDs, TopForex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

TopForex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, TopForex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the TopForex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, TopForex leverage magnifies both profits and losses in trading.

Trading CFD trades on the TopForex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced TopForex traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Education Resources at TopForex

To trade effectively with TopForex, it's important to have a good understanding of the TopForex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with TopForex and externally.

TopForex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with TopForex. Familiarizing yourself with the TopForex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using TopForex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with TopForex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like TopForex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with TopForex. Explore the TopForex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with TopForex, before live trading.

Customer Support at TopForex

As part of our TopForex review, we review customer service options, response times and problem resolution effectiveness on the TopForex trading platform. The TopForex trading platform supports multiple languages, which includes English, French, Italian, Hungarian, Greek, Slovak, Serbian, Dutch, Espanol, Romanian, Russian, Polish, Slovenian, Czech, Bulgarian, Arabic, Mandarin.

TopForex Available Support Types

TopForex have a double AA grade support rating because TopForex offer live chat and email support in multiple languages.

Livechat Support at TopForex

Our experience with the TopForex live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from TopForex.

We tested communicating with TopForex customer support in multiple languages and countries. TopForex made an effort to resolve the issues we had.

Email Support at TopForex

Our experience with TopForex email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at TopForex

Our experience with TopForex phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with TopForex.

See how TopForex Support Compares Against Other Brokers

Broker TopForex IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, French, Italian, Hungarian, Greek, Slovak, Serbian, Dutch, Espanol, Romanian, Russian, Polish, Slovenian, Czech, Bulgarian, Arabic, Mandarin English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit TopForex Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with TopForex

As TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of TopForex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with TopForex in your region. During the TopForex account opening process, you will be asked to provide TopForex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with TopForex have the following documents available.

  • TopForex require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for TopForex compliance. This must be dated within the last six months.
  • If you plan to fund your TopForex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the TopForex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under TopForex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring TopForex's platform.

However, remember that you won't be able to make trades on TopForex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the TopForex KYC compliance process as soon as possible to avoid any delays in accessing the TopForex platform's features.

It is important to note that TopForex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the TopForex platform and features immediately. However, you must pass the verification process to start live trading with TopForex, which can take up to a few business days.

To start the process of opening an account with TopForex you can visit the TopForex trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.topforex.com on September 21, 2023.

Is TopForex A Good Broker?

We have spent over 5 years examining TopForex in depth. Although we found some very useful aspects of the TopForex platform that would be useful to some traders. We feel that a alternative to TopForex may better suit you.

  • TopForex have a good track record of offering Forex.
  • TopForex has a history of over 14 years.
  • TopForex has a reasonable sized customer support of at least 10.
  • TopForex are regulated by the Cyprus Securities and Exchange Commission (CySEC). TopForex is subject to strict regulatory oversight from its respective jurisdiction, which holds TopForex (the broker) accountable for misconduct. This regulatory framework helps ensure that TopForex operates fairly and transparently and provides TopForex customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and TopForex.
  • TopForex have regulation from reputable regulators.
  • One of the advantages of using TopForex is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from TopForex are particularly important as TopForex traders want to receive their money quickly. With the efficient TopForex payment processing system, traders can enjoy faster access to their TopForex funds.
  • TopForex have an international presence in multiple countries. Including local TopForex seminars and training.
  • TopForex can hire people from various locations in the world who can better communicate in your local language.

TopForex Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

TopForex not quite right?

If after reading this TopForex review, TopForex does not fulfill your needs check out these TopForex Alternatives.

Click here to view the best TopForex Alternatives

We have spent years researching the best alternatives to TopForex. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective TopForex alternatives available today. If you are unsatisfied with TopForex or want to explore other options, we recommend checking out our carefully curated list of highly-rated TopForex alternatives. Follow the links below to learn more about these TopForex broker alternatives and choose the one that best suits your trading needs.

Related TopForex Vs Comparisons

Throughout our comprehensive TopForex review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing TopForex against other popular brokers in the industry, check out our TopForex Vs pages. Our team has compiled a series of detailed TopForex comparison articles, pitting the TopForex platform against some of the best-rated TopForex competitors in the market. Dive into our informative TopForex Vs pages below to find out how TopForex stacks up against other leading brokers.

TopForex review
TOPFOREX Frequently Asked Questions

Read our detailed TopForex FAQ Section updated for 2023.

Can I try TopForex?

TopForex offer a demo account so you can try the TopForex platform with virtual trading before you put down a payment. Virtual trading with TopForex is zero risk. Learn more here

What funding methods do TopForex accept?

Please note that the list of payment methods below depends on the TopForex Entity and the client's Country of Residence.

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

Losses can exceed deposits

Is TopForex safe?

TopForex have over 10,000 users. TopForex are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with TopForex is risky, and because the market is so volatile, losses could happen at any time.

Losses can exceed deposits

Is TopForex trading good?

TopForex is considered good and reputable to trade with TopForex. TopForex is used by over 10,000 traders and TopForex users. TopForex offers Forex trading. Minimum deposit with TopForex is 100.

Is TopForex trading Legit?

TopForex was founded in Cyprus in 2009. TopForex has been facilitating trade on the financial markets for over 14 years. TopForex offers clients Forex trading. All funds deposited to TopForex are held in segregated bank accounts for security. TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is TopForex a good broker?

TopForex allows Forex trading. TopForex is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is TopForex trustworthy broker?

TopForex is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to TopForex, money is in a segregated bank account that is separate from TopForex company's funds. As a regulated broker, TopForex cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by TopForex. Instead, your TopForex funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with TopForex. Also TopForex is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for TopForex?

The minimum deposit to trade with TopForex is 100.

How long do TopForex withdrawals take?

Withdrawing money from TopForex processing time varies depending on the method but averages 1-5 days.

Is TopForex regulated?

TopForex is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of TopForex maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is TopForex a market maker?

TopForex is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by TopForex even if no buyer or seller is lined up.

How can I start trading with TopForex?

When opening a trading account with TopForex, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on TopForex trading platforms, you can follow the link provided below: Learn more about signing up with the TopForex trading platform here. This will provide useful information and insights into the various trading platforms offered by TopForex, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with TopForex?

Yes your money is safe with TopForex.

Overall, strict financial regulation is essential for ensuring that trading platforms like TopForex operate fairly, transparently, and responsibly, which ultimately benefits all TopForex stakeholders involved.

Trading platforms like TopForex must have strict financial regulation for several reasons:

  • Protecting TopForex Investors: Strict financial regulation ensures that investors who use the TopForex trading platform are protected against fraudulent or unethical behavior by the TopForex platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the TopForex platform.
  • Maintaining TopForex Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the TopForex trading platform. Regulatory procedures reduce the likelihood of the TopForex platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing TopForex Transparency: Regulations require trading platforms like TopForex to maintain detailed records and disclose TopForex client information. Financial regulatory requirements enhances transparency and helps to build trust between the TopForex platform and its investors.

TopForex is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as TopForex, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, TopForex ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like TopForex.

Is TopForex a con?

TopForex is regulated and well established, having been in business for over 14 years. TopForex is not a con.

Can you make money with TopForex?

Although traders have had great success with TopForex, trading on the financial markets with TopForex is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does TopForex have fees?

TopForex withdrawal fees vary on payment method.TopForex does charge a fee for inactive accounts. TopForex do charge deposit fees.

When was TopForex founded?

TopForex was founded in 2009.

How many people use TopForex?

TopForex is used by over 10,000 registered TopForex users.

What is TopForex Headquarters country?

TopForex has its head quarters office in Cyprus .

Does TopForex offer negative balance protection?

TopForex does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does TopForex offer guaranteed stop loss?

TopForex does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does TopForex allow scalping?

TopForex does not offer scalping.

Does TopForex allow hedging?

TopForex does not offer hedging.

Does TopForex offer CFD trading?

TopForex offers CFD trading.

Does TopForex offer STP?

TopForex does not offer STP trading.

How many people use TopForex?

TopForex is used by over 10000 TopForex users and traders.

Is TopForex an ECN broker?

TopForex does not offer ECN trading.

Does TopForex offer a demo account?

TopForex offers a demo account.

Does TopForex offer an Islamic account?

TopForex does not offer Islamic accounts.

What are the funding methods for TopForex?

Please note that funding methods and options available with TopForex can be found in the TopForex Members area and depend on the TopForex clientโ€™s country of residence. Please check your specific available payment methods on the TopForex website. TopForex accept the following funding methods : Credit cards, Skrill.

TopForex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the TopForex brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

TopForex review written by Mark Hansen of Comparebrokers.co