TopForex Guide – Read our In-Depth TopForex Review
TopForex Rating: 6.16 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This TopForex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this TopForex review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all of the concepts of brokerage as you continue trading. For starters, you need to select the right agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will create hefty returns. TopForex is one such stage that will take you along with your investment to great heights. It's crucial to know all about TopForex until you trust them with your cash.
TopForex Guide – Brief Overview
TopForex Telephone Number:
TopForex Email Address:
Cyprus Securities and Exchange Commission (CySEC)
Number Of Clients:
10,000+ TopForex users and traders
TopForex Facebook Likes:
TopForex Twitter Followers:
TopForex Instagram Followers:
Losses can exceed deposits
|TopForex Telephone Number:|
|TopForex Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC)|
|Number Of Clients:||10,000+ TopForex users and traders|
|TopForex Facebook Likes:||0|
|TopForex Twitter Followers:||0|
|TopForex Instagram Followers:||0|
Losses can exceed deposits
Our full TopForex Review covers all you need to know about trading with TopForex. A good broker can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you choose them. It is a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
TopForex is a broker which has found its way successfully to the broker world. Within this review, we've attempted to collate a number of the important aspects of TopForex. This review can allow you to understand whether TopForex is a good match for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.
TopForex Review, Table Of Contents
- Who are TopForex?
- Benefits Of Trading With TopForex
- Everything you should know about trading with TopForex
- Is TopForex Safe To Trade With?
- TopForex Risk Disclaimer
- Pro's & Con's Of Trading With TopForex
- Compare Brokers Similar To TopForex
- Regulation And Licencing In More Detail
- TopForex Awards
- Minimum Deposit Required For A Live Account With TopForex
- TopForex Commission And Fees Explained
- Compare broker fees against TopForex
- TopForex Withdrawal Fees Explained
- TopForex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With TopForex?
- Alternatives To TopForex
- Frequently Asked Questions About TopForex
Who are TopForex?
TopForex is a forex broker headquartered in Cyprus and provides a range of tools for trading. Since its establishment in 2009, TopForex has emerged as a top-tier player in the field of online broker. TopForex has a highly competitive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 12 years, TopForex has grown into one of the leading online brokers.
After launching in 2009, their customer base has become as large as 10,000+ clients.
TopForex is a favourite of many traders because of its negative balance protection. Our TopForex review discovered that they are an excellent choice for automated trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the heart at TopForex.
Technology plays a substantial role in TopForex. TopForex offers trading on MT4, Web Trader, Tablet & Mobile apps. TopForex is honest, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at TopForex is quite enlightening for new traders since it permits them to have a closer look in the financial markets. TopForex caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that TopForex is not right for you then at the bottom of this TopForex review you wil find a lot of alternatives to TopForex.
What you ought to know about trading with TopForex
TopForex is a lively platform that provides various methods of trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less approaches than TopForex
If you wish to trade with TopForex, you'll need a minimum deposit of $100. This deposit is required if you would like to begin trading using TopForex. This 2021 TopForex review will guide you safely about trading with them.
TopForex is as versatile as any other brokerage platform. TopForex is excellent for traders that want a manageable range of low-cost services. The platforms offered by TopForex are third-party, white-label offerings. All traders may choose out of MT4, Web Trader, Tablet & Mobile apps.
Together with everything, TopForex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The brokers provide premium client service that rewards customers with advantages.
Many unethical brokers attempt to pressurise consumers into larger financing for superior services. TopForex, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will become available.
TopForex accounts are available all over the world and provides excellent service wherever they have clients. There are a few countries where TopForex accounts are not available. Traders in the following countries cannot open or use a TopForex account:
BR, KR, IR, IQ, SY, JP, US
Is TopForex Safe To Trade With?
Established in 2009, TopForex has been open for 12 years, they are headquarted in Cyprus.
TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that mandate that trading platforms have steps in place to maintain investor's resources procured. This means that TopForex users do not need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with TopForex for increased security. An SMS with the verification code will be sent to your phone. You'll be asked to input this code to log in to your accounts.
Another concern with financial brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with customers on the stage.
TopForex Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With TopForex
Every online trading platform will have a few ups and downs, and no TopForex review would be complete without showing both sides. This TopForex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- TopForex is trusted by 10,000+ clients
- TopForex offers Negative Balance Protection
- TopForex has low minimum deposit requirements
- TopForex doesn't charge inactivity fees
- TopForex doesn't charge deposit fees
- TopForex offers social trading
- TopForex offers copy trading
- TopForex offer trading on MT4, Web Trader, Tablet & Mobile apps
- TopForex offer 100 trading instruments
- TopForex trades major forex pairs
- TopForex can communicate in English, and Chinese
- TopForex does not offer Guaranteed Stop Loss
- TopForex charge withdrawal fees
- TopForex doesn't trade minor forex pairs
- TopForex doesn't trade exotic forex pairs
- TopForex doesn't offer trading on cryptocurrencies
- TopForex charge CFD fees
- TopForex doesn't offer trailing stop
TopForex Review - Compare Brokers Similar To TopForex
|Rating||6.16 / 10||6.4 / 10||5.15 / 10||4.58 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F224||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229||Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor|
TopForex Review - Regulation And Licencing In More Detail
TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
TopForex, as a business, has a strong set of rules for ensuring honest trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
TopForex Review - AwardsAt the time of writing this TopForex review, and despite TopForex’s impressive offering, the company has surprisingly not garnered any other awards to date.
TopForex Trading Platforms
TopForex are a reputable trading platform that has been trading for over 12 years. They offer a large range of options in their user accounts.
Below we take the main parts of any professional brokerage and compare TopForex with atc brokers, forexite, and Skilling
TopForex Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on TopForex is $100. This is an adequate amount for those just starting out. It's possible to create more advanced deposits as you cooperate. But, ensure that you know how to make the most of your money before investing larger amounts.
TopForex Review - Commission And Fees Explained
TopForex is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people who are charged when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for things like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, TopForex does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by TopForex are comparatively greater. Consequently, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This TopForex review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against TopForex
TopForex Review - Withdrawal Fees Explained
TopForex charges a withdrawal fee when you make a bank transfer. Each time you transfer money back into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any moment from your TopForex account. You can withdraw sums up to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily have to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent to the card. TopForex will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are opting to draw in.
TopForex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind when open an account with TopForex. An inactivity fee is an amount charged to registered traders who haven't engaged in purchasing or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee also differs from one agent to another and isn't generalized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms that they had agreed while enrolling.
TopForex doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been indicated by TopForex, it is best for you to close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.
TopForex Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge an excessive amount of money for this operation.
TopForex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the TopForex trading platform is simple. You just have to finish a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit substantial amounts.
TopForex Review - Compare Broker Deposit Methods
What Can You Trade With TopForex?
Note: TopForex provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ based on the country of residence of the client.
TopForex has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then TopForex offer over 15 currency pairs.
Compare TopForex, atc brokers, forexite & Skilling below.
Reviewing The TopForex Mobile App
Note: TopForex's mobile app has a lot of functions and is being constantly developed. What follows was correct at the time of writing this TopForex review.
Understand the capabilities of the mobile apps of TopForex, atc brokers, forexite & Skilling below.
Alternatives To TopForex
If, after studying this TopForex review, they don't fulfill your requirements check out these TopForex alternatives.
We have scoured the web to find the best alternatives to TopForex. Click on the links below to find out more.
Frequently Asked Questions about TopForex
Can I try TopForex before I buy?
Yes, you can most certainly try TopForex before you buy. TopForex provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register for a demonstration account on TopForex, you may set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you choose to spend your own money.
With this digital TopForexdemo account, you can experiment in any way, to whatever length you wish. You can even open positions, test different trading strategies, and much more.
TopForex specifies on its official website which you are able to trade real time stocks with your demo account.
Is TopForex safe?
You can drop all of your worries since we believe that TopForex is perfectly safe to use. It is in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC).
Even so, TopForex doesn't provide assured stop-loss protection.
Why does TopForex ask for my passport?
The reason that TopForex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, TopForex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, TopForex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with TopForex?
The process to start trading withTopForex is perhaps simple enough to be a cakewalk. You need to begin by signing up on the TopForex website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with TopForex is $100. You should have a good hold over the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with TopForex.
The best way to kickstart your trading career with TopForex is to open a demo account facility before risking any real money
What funding methods do TopForex accept?
There are multiple ways to fund your accounts with TopForex. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all place. The monies TopForex
Is my money safe with TopForex?
Yes, your money is safe and protected with TopForex. As you already know, TopForex works with proper conformation to. It has established lots of measures to guard all of its investors.
TopForex safeguards its customers' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, you can empower Two-Step Verification as well. It takes an SMS affirmation for you to get your account.
Is TopForex trading good?
Yes, trading through TopForex is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you can even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does TopForex support?
TopForex operates around the world. However, due to regulations there are some countries that TopForex do accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is TopForex legit?
TopForex is a legit company headquarted in Cyprus since 2009. They are regulated by Cyprus Securities and Exchange Commission (CySEC). TopForex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is TopForex a good broker?
TopForex is an excellent broker, and its own users can vouch for it. The highlight of the platform is its fast order execution on trades.
You will discover the clean design of this platform and the commendable features a pleasure to work with.
Is TopForex a trustworthy broker?
Yes, TopForex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for TopForex?
The minimum deposit to open a live account with TopForex is $100
How long do TopForex withdrawals take?
Normally, withdrawal of money from TopForex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from TopForex to show in your bank account.
Are TopForex regulated?
TopForex are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is TopForex a market leading broker?
TopForex is currently among the business leaders. It supports over 10,000+ registered users and over 12 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide range of tools plus resources so you can put money into capital markets.
Is TopForex a con?
No, TopForex is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that TopForex is not a scam.
Can you make money with TopForex?
Using TopForex, many traders earn a great deal of money. However, typically, through continual trading, you also can create between 2% - 10% profit a month.
This may seem to be a little number, but within the entire year, this adds to a substantial amount of gains. While TopForex supply you all the tools to earn money, they cannot guarantee that you will profit.
Does TopForex have fees?
Yes. To start trading with TopForex, you have to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was TopForex founded?
TopForex was founded in 2009 in Cyprus. TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use TopForex?
TopForex is a worldwide recognised agent with 10,000+ customers.
Where is the TopForex head office?
TopForex has its head office in Cyprus
Does TopForex offer negative balance protection?
Yes, TopForex has Negative Balance Protection. It is especially offered when the industry volatility prevents clients from allowing their accounts go into the red. In a situation like this, TopForex offers the ability to reset a clients account balance to zero.
You are able to go through the important terms and conditions on TopForex's site to comprehend their policies.
Does TopForex offer guaranteed stop loss?TopForex unfortunately, does not provide guaranteed stop loss. TopForex provides a chance to its traders to close their trades at their given price. Apart from this, TopForex does not provide guaranteed stop loss.
Does TopForex allow scalping?Yes, TopForex do allow scalping. Several traders throughout the world select TopForex for their scalping services. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.
Does TopForex allow hedging?
Yes, TopForex does allow hedging.
Can you trade energies with TopForex?
Yes, you can trade energy stocks with TopForex
Can you trade agricultural shares with TopForex?
Yes, you can trade agricultural stocks with TopForex
Can you trade cryptocurrency with TopForex?
No, unfortunately you cannot trade cryptocurrency with TopForex
Can you trade metals with TopForex?
Yes, you can trade metals with TopForex
Can you trade UK Shares with TopForex?
Yes, you can trade UK shares with TopForex
Can you trade US Shares with TopForex?
Yes, you can trade US shares with TopForex
Can you trade Japanese Shares with TopForex?
Yes, you can trade Japanese shares with TopForex
Can you trade German Shares with TopForex?
Yes, you can trade German shares with TopForex
Does TopForex accept bank transfers?
Yes, TopForex accepts bank transfers for depositing money.
Does TopForex accept credit cards?
Yes, TopForex accepts credit cards for depositing money.
Does TopForex accept PayPal?
No, TopForex does not accept PayPal.
Does TopForex accept Skrill?
No, TopForex does not accept Skrill.
Does TopForex accept Payoneer?
Yes, TopForex accepts Payoneer for depositing money.
Does TopForex accept Neteller?
No, TopForex does not accept Neteller.
Does TopForex offer Live Chat customer support?
Yes, TopForex offers customer support through live chat.
Does TopForex offer phone customer support?
Yes, TopForex offers customer support over the telephone.
Does TopForex offer email customer support?
Yes, TopForex offers customer support through email.
What languages can TopForex communicate in?
TopForex has the ability to communicate and support customers who speak: English, and Chinese
Does TopForex have a wikipedia page?
No, TopForex does not have an official wikipedia page.
Does TopForex offer demo accounts?
Yes, TopForex offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.