TopFX Review: Regulated

TopFX Overview

TopFX is a forex and contract for difference (CFD) broker that was registered and established in Cyprus on September 24, 2010. The company primarily offers CFD trading services in forex, indices, stocks, metals, energy, ETFs, and other instruments. The corporate headquarters address is not disclosed. In Cyprus, TopFX operates under the registered entity TopFX Ltd, with a company registration number of 274180 and a registered address at John Kennedy, IRIS HOUSE, Floor 7, Flat/Office 740B 3106, Limassol, Cyprus. Additionally, the broker has a registered entity in Seychelles, known as TopFX Global Ltd, with a registration number of 8424819 and a registered address at CT House, Unit 8, Office No 8H, Providence Mahe Seychelles.

Domain Registration of TopFX

TopFX Ltd operates and provides services through the website www.topfx.com, which was registered on August 9, 2009.

Is TopFX legit or a scam? Does TopFX have any regulatory licenses?

This broker holds regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. TopFX Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) since April 19, 2011, with license number 138/11. TopFX Global Ltd is regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD037. The website operated by TopFX Global Ltd for its services is topfx.com.sc and topfx.cn.com. The financial products and related services offered by this broker are subject to dual regulation by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

Employees of TopFX

This broker has disclosed 14 associated members online.

Trading Software Provided by TopFX

This broker offers users two commonly used trading platforms, MT4 (MetaTrader 4) and cTrader, available in versions compatible with Windows, Android, and iOS.

Trading Products Provided by TopFX

TopFX primarily offers investors trading services for a variety of financial assets, including forex, indices, stocks, metals, energy, and ETFs. The platform provides users with three different types of live trading accounts: Zero Account, Raw Account, and VIP Account. All three account types use USD, EUR, and GBP as base currencies, offer a maximum trading leverage of 1:1000, and have a minimum/maximum trade size of 0.01/100 lots. The stop-out level is set at 35% for the MT4 platform and 30% for the cTrader platform. TopFX allows scalping, hedging, and EA trading, operates in a no dealing desk execution model, and offers Islamic accounts.

TopFX supports users with deposit and withdrawal transactions through various methods, including bank transfers, electronic payments, and QR code payments.

Contact Information

Investors can contact TopFX through various methods such as: phone, email and online services.

Website Traffic of TopFX

The global traffic of the website may be at a moderate level, but users are not very active.

Conclusion

TopFX is a forex broker registered and established in Cyprus, primarily offering investors services in trading contracts for difference (CFDs) in forex, indices, stocks, metals, energy, ETFs, and more. The broker holds regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC) as well as the Financial Services Authority of Seychelles (FSA). Currently, the broker is marked as "Regulated" on Traderknows.