TopFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-02-12 17:28

Abstract：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.

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 Information

　　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 and Cons

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

Is TopFX Legit?

　　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.

What Can I Trade on TopFX?

　　TopFX offers various market instruments, including forex, indices, shares, metals, energies, ETFs, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Shares	✔
Metals	✔
Energies	✔
Cryptocurrencies	✔
ETFs	✔

Account Type

　　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

TopFX Fees

　　The spread starts from 0.0 pips and the commission is from zore. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

　　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

Deposit and Withdrawal

　　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.