User Reviews
More
User comment
16
CommentsWrite a review
Score
Cyprus
Regulated in Cyprus
Market Making License (MM)
cTrader
Suspicious Operational Region
High Potential Risk
Influence
Add brokers
Comparison
Quantity 7
Exposure
Score
Regulatory Index6.67
Business Index8.00
Risk Management Index0.00
Software Index7.43
License Index6.32
Single Core
1G
40G
Danger
More
Company Name
TopFX
Company Abbreviation
TOPFX
Platform registered country and region
Cyprus
Company website
Company summary
Pyramid scheme complaint
Expose
I can't withdraw. It's a scam
My withdrawal delayed for 1 week and the customer service did not reply. How can I trust it.
Since last November 25th, I have deposited 200 thousand RMB in TOPFX . After profiting a few, I wanted to make a withdrawal. But the platform kept holding off with varied excuses.
My account was terminated on 11/05/2026 and my remaining balance of USD 4,253 was withheld. I had been trading normally for several months as a strategy provider on cTrader, generating consistent profits for my copiers through regular trading activity including wins, losses and stop losses. TopFX processed my withdrawal of USD 2,100 on 07/05/2026 without issue. Five days later my account was terminated and remaining funds blocked. Their official email stated the reason was that I had withdrawn more than I deposited – which is not a valid clause in their Terms and Conditions. As a strategy provider, my trading performance was fully transparent and verifiable. Despite generating strong returns for followers through legitimate trading, my account was terminated and funds withheld without valid justification. I have submitted a formal settlement request which was rejected. TopFX then offered a settlement of only USD 500 for my balance of USD Total: $4253 ($1500 in account, $2753 in wallet)
| TopFX Review Summary | |
| Founded | 2019-11-27 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated |
| Market Instruments | Forex, Indices, Shares, Metals, Energies, Cryptocurrencies, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips(Average Spreads-EURUSD: 0.11) |
| Trading Platform | cTrader, MT4 (Windows, Android, iOS) |
| Min Deposit | No min. deposit |
| Customer Support | T:+248 4374705 |
| E: support@topfx.com.sc | |
| Facebook, Instagram, LinkedIn, Telegram | |
| Live Chat | |
TopFX is a broker that specializes in access to 600+ CFDs on forex, indices, shares, metals, energies, ETFs, and cryptocurrencies. The broker also provides up to 1000x max leverage and a demo account. The minimum spread is from 0.0 pips. Traders can also access the MT4 and cTrader trading platforms through TopFX.

| Pros | Cons |
| Regulated | No swap-free account |
| Leverage up to 1:1000 | Some negative voices: unable to withdrawal |
| Spread from 0.0 pips | No 24/7 customer support |
| MT4 available | |
| 600+ CFDs |
TopFX is authorized and regulated by the Cyprus Securities and Exchange Commission(CYSEC) with license No.138/11. The license type is Market Making(MM), making it safer than unregulated.


TopFX offers various market instruments, including forex, indices, shares, metals, energies, ETFs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |

TopFX has three live account types: Zero, Raw, and VIP. Traders who want low spreads and don't mind commission can choose a Raw account, while those with a sufficient budget can open a VIP account.
In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Zero | Raw | VIP |
| Currency | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY | USD, EUR, GBP, JPY |
| Spread from | 1 pip | 0 pip | 0.2 pip |
| Min. Deposit | No min. deposit* | $5000 | $50000 |
| Leverage | 1:1000 | 1:1000 | Up to 1:1000 |
| Commission | $0 | $2.75 per side per lot | $0 |
The spread starts from 0.0 pips and the commission is from zore. The lower the spread, the faster the liquidity.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Traders can conduct financial activities in MT4 and cTrader, available on Windows, Android, and iOS through TopFX. Investors can trade on mobile and tablet with the TopFX cTrader app and MT4. cTrader also supports Desktop & web versions.
Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Windows, Android, iOS | All |
| MT4 | ✔ | Windows, Android, iOS | Junior traders |

The first deposit amount is no limit. TopFX accepts bank payments, electronic payments, and QR payments for deposits and withdrawals. Electronic payments and QR payments can receive funds instantly, while bank payments can be processed within 5 days.
TopFX is a regulated broker under CySEC, holding Market Maker license No.138/11 since 2011.
WikiFX
You are probably looking at TopFX and wondering, "Is this broker actually safe to use, or will they run away with my money?" It is the most important question you need to ask before making a deposit.
WikiFX
TopFX introduces synthetic indices trading on its cTrader platform, offering 24/7 access, stable volatility, and innovative features for traders seeking speed and simplicity.
WikiFX
TopFX, a regulated forex broker, has officially announced its Synthetics June Demo Competition, giving traders a chance to win a share of $5,000 in real prizes.
WikiFX
More
User comment
16
CommentsWrite a review