Introduction and Comprehensive Review of Top FX Broker

Positive Aspects of the TopFX Broker

• Ability to open an account with no minimum deposit limit

• 13 years of outstanding experience

• Low commissions and competitive spreads

• Excellent support and responsiveness

• Very good Persian-language website

Negative Aspects of the TopFX Broker

• Limited variety in trading platforms

• No provision of micro accounts

About TopFX Broker

TopFX operates as a liquidity provider specializing in offering services to brokers, investment firms, and financial funds in the financial industry.

This broker, offering leverage up to 1:1000 and a wide range of assets including forex, stocks, indices, metals, energies, ETFs, and other CFDs, is considered a suitable and worthy option in the financial markets for traders and investors.

TopFX has played a significant role in the financial industry over the past decade, providing services to over 180 forex brokers, investment firms, and financial funds. By offering comprehensive packages, this broker helps startups and novice traders enter the competitive forex market.

Additionally, TopFX operates as an STP (Straight Through Processing) broker, meaning orders are executed directly through liquidity providers. This brokerage model helps prevent conflicts of interest between the broker and the trader and aids in transparency in order execution.

TopFX’s active presence in various regions worldwide, including Europe, Asia, and Africa, particularly in countries such as Indonesia, Thailand, Malaysia, Vietnam, and Nigeria, indicates the broker’s global popularity and impact.

Currently, TopFX also offers services to Iranian clients, reflecting the broker’s attention to the Iranian market and efforts to enhance services for Iranian traders. Traders are advised to carefully review all conditions and services provided by TopFX before starting their activities and to align them with their needs and objectives.

Review of Security, Regulation, and Licensing of TopFX

Before selecting TopFX as a forex broker, it is important to carefully examine its security status. Currently, most brokers, due to existing sanctions, do not provide a top-tier and reputable regulator for Iranian clients. For TopFX, there are several regulators divided into three types:

1. CySEC License: This license is issued by the Cyprus Securities and Exchange Commission (CySEC) and is limited to the domain www.topfx.com. However, only European users are permitted to use this license, and Iranian traders do not have access. CySEC is known for implementing MiFID regulations on capital security, financial reporting to regulators, monitoring TopFX’s activities, and conducting thorough financial audits.
2. FSASeychelles License: This regulator is managed by the Financial Services Authority of Seychelles (FSASeychelles) and is issued for the domain www.topfx.com.sc. This license provides services to traders worldwide, but only Iranians residing abroad benefit from this license.
3. FSABermuda License: This regulator is the only one that allows Iranian traders within the country to use it. The FSABermuda license is available for the domain www.topfx.com.bm. It is important to note that the credibility and security of TopFX’s offshore branches are not equivalent to those of the main branches.
4. TopFX Registration License: TopFX Global Ltd operates under Seychelles laws with registration number 1-8424819. This is a registration license and is not considered a regulatory license.

Ensuring the security and regulation of TopFX is crucial, and traders should carefully review the conditions and services provided by this broker before starting any activities and align them with their needs and objectives.

Outstanding Features and Awards of TopFX Broker

TopFX is a prominent option for traders seeking safe and transparent trading conditions. With diverse features and a successful track record in the industry, this broker provides a secure and reliable platform for traders.

Account opening with TopFX is very quick, and the broker offers various trading tools and platforms, including cTrader and MetaTrader 4. The most notable features of this broker are:

1. Continuous Operation: Active in the financial markets since 2010.
2. Support for Various Platforms: This broker supports MT4 and cTrader on all devices.
3. Low Spreads and Commissions: Transparent trading conditions with low spreads and reasonable commissions.
4. Fast Execution: Trade execution in less than 25 milliseconds.
5. No Deposit Fees: No additional costs for deposits.
6. Extensive Support: Provides manual trading, copy trading, and automated trading options.
7. Fast and Secure Deposits and Withdrawals: Allows instant and secure deposits and withdrawals without additional fees.
8. Variety of Assets: Offers trading of over 600 assets, including forex, indices, stocks, energy, cryptocurrencies, and more.
9. Awards and Recognition: Has won numerous awards and received high ratings from users on Trustpilot and FPA.
10. Customer Support: Active and responsive support throughout all trading stages.

Significant Awards Received by TopFX

TopFX has achieved several prestigious international awards due to its excellent features, proper credibility, and a wide range of services. The most notable awards include:

1. EGYPT EXPO 2021
2. WORD FINANCE – BEST TRADE EXECUTION
3. FMLS18
4. FX-WEEK – EFX AWARDS
5. GBM

Review of Trading Account Types at TopFX Broker

At TopFX, you can choose from three types of trading accounts. These accounts are known for their high order execution speed, low spreads, and accuracy. Below are the details and features of each account type:

1. ZERO Account

   • Minimum Initial Deposit: $50
   • Spread: 0.5 pips
   • Leverage: 1:1000
   • Stop Out: 35%
   • Commission: None
   • Islamic Account: Available

The ZERO account is suitable for traders who prefer not to pay commissions on spreads and benefit from fast execution and deep liquidity.

• RAW Account

1. • Minimum Initial Deposit: $100
   • Spread: From 0 pips
   • Leverage: 1:1000
   • Stop Out: 35%
   • Commission: $2.75
   • Islamic Account: Available

The RAW account is suitable for traders who prefer floating spreads from 0 pips and a commission corresponding to fast execution.

1. VIP Account

   • Minimum Initial Deposit: $50,000
   • Spread: From 0.2 pips
   • Leverage: 1:1000
   • Stop Out: 35%
   • Commission: None
   • Islamic Account: Available

The VIP account is suited for professional traders with high expectations and who prefer trading with floating spreads from 0.2 pips. This account is offered without commission.

With these diverse options, TopFX provides access to over 1,000 currency pairs and crosses for traders. Additionally, all accounts are based on an ECN model.

Review of Spreads at TopFX Broker

• Forex:

  Trade 89 currency pairs with spreads from 0.0 pips with the RAW account or 0.5 pips with the ZERO account.

• Indices:

  Trade in 14 global indices with spreads from 0.4 pips and a commission of 2.75 euros per lot. A comprehensive spread account option may also be available.

• Commodities:

  CFD trading on oil, gold, or Brent oil with spreads from 3 pips.

Choosing between the RAW or ZERO accounts for extensive and effective trading. Experience a broad and transparent trading experience across various markets with TopFX.

Easy Registration and Verification at TopFX Broker

• Start by clicking the “Register” button on the TopFX homepage.

• Change the language to Persian.

• Enter your first and last names in Latin characters.

• Enter a valid email address.

• Select your country as Iran.

• Enter your mobile number.

• Choose your preferred trading platform (most traders use cTrader).

• Click “Open Account” or “Create Account” at the bottom of the page.

• Check your email to confirm it.

• Log into your account using the username and password sent to your email.

How to Verify Your Account

1. After logging in, go to the main dashboard and navigate to the “Verification” section.
2. Enter your personal information in the “Personal Data” section.
3. In the “Legal Documents” section, upload the required documents for identity and address verification.
4. For identity verification, upload images of your ID card, passport, or driver’s license.
5. For address verification, upload a utility bill or any document showing your address.
6. Wait for the broker to verify your documents before proceeding to the next step.

Note: It is advisable to use high-quality, clear documents for verification and carefully follow all steps to ensure a successful and problem-free registration.

Trading Platforms and Symbols at TopFX Broker

At TopFX, you will have access to over 1,000 tradable symbols, including stocks, energy, ETFs, indices, precious metals, and more. You will also have access to top global liquidity sources and exchanges with the best prices from tier-one banks.

Trading Platforms

• Choice between MetaTrader 4 and cTrader with various features.
• Copy trading and automated trading options with free tools.
• Support for multiple languages for user convenience.
• Applications for iOS and Android for easy access.

MetaTrader 4 at TopFX

MetaTrader 4 at TopFX offers the following features:

Features

• User-Friendly: Simple and intuitive interface.
• Flexibility: High customization and configuration capabilities.
• Trading Tools: Extensive selection of automated trading tools.

Main Features:

• Extensive Trading: Forex, indices, energies, and metals.
• Interactive Charts: 9 time frames and over 30 pre-installed technical indicators.
• Easy Customization: Precise trading settings with easy customization.

Automated Tools:

• One-Click Trading: Ability to trade with one click.
• Expert Advisors (EA): Automated trading with various experts.
• Trading Signals: Trading Central signals for trading.

Advanced Capabilities:

• Copy Trading: Utilize PAMM accounts for copying trades.
• Build Your Robots: Create trading robots with MQL4.
• Custom Indicators: Design custom indicators based on your needs.

Enjoy a professional trading experience with exceptional features using MetaTrader 4 at TopFX.

cTrader Trading Platform at TopFX Broker

The cTrader trading platform offers the following features and functionalities:

Features:

• Advanced Analysis: Various charts and technical analysis indicators.
• Unlimited Monitoring: Customizable lists for easy navigation.
• Live Sentiment: Real-time market sentiment data.

Flexibility:

• Chart Types: From Candlesticks to Renko with 54 different timeframes.
• Chart Trading: Drag-and-drop for quick trading.
• Detailed Information: Order volume, pip value, and related metrics.

Risk Management Tools:

• Advanced Stop Loss: Sophisticated profit and stop-loss options.
• Trade Statistics: Detailed information on commission costs and margin requirements.

Manual Trading Experience:

• Symbol Features: Detailed information on symbols and latest statuses.
• Various Symbols: Wide range of symbols with detailed information.

cTrader provides advanced risk management tools and analysis features with an efficient user interface for traders.

Copy Trading and Support at TopFX Broker

Copy trading is an appealing feature at TopFX that allows traders to benefit from the expertise of professional traders. This system enables users to connect their accounts to skilled traders and leverage their strategies for their own trades.

Features of Copy Trading at TopFX:

• Access to Professional Traders: Traders can tap into the knowledge and experience of skilled traders.
• Increased Profit Potential: Copy trading provides an opportunity to enhance the chances of achieving higher profits.
• Profit Sharing: A portion of the profits from trades is credited to the account of the connected manager.
• Responsibility and Risks: Managers are not responsible for trading losses, and any losses are borne by the trader.

Recommendations for Users:

• Analyze Traders: Thoroughly analyze the performance and strategies of potential traders before selecting.
• Manage Capital Wisely: Carefully manage your capital and ensure the risk level is suitable for you.
• Contact Support: Always reach out to support services with any questions.
• Evaluate Experience and Profitability: Consider the experience and profitability of traders when choosing.

Copy trading at TopFX is an ideal option for those looking to gain profits and success in trading by leveraging the experiences of others in the forex market while mitigating risk.

Customer Support at TopFX Broker

Support Features:

• Experience and Technical Knowledge: TopFX’s support team is known for its swift and accurate responses to customer needs and queries, making it one of the top support teams in forex and financial markets.
• Speed and Accuracy: TopFX support addresses customer issues and questions promptly and accurately.
• Working Hours: The Persian support team operates from Monday to Friday, 9:30 AM to 5:00 PM. This window allows for contact and support requests.
• Commitment to Quality Service: TopFX’s commitment to providing high-quality service and timely responses makes it a top choice in financial trading support.
• Communication Channels: Customers can use various communication methods such as phone, email, or online chat to reach TopFX’s support team.

Note: It is advisable to contact support during working hours for any questions or support needs and benefit from their professional services.

Deposit and Withdrawal Methods at TopFX

TopFX offers various methods for depositing and withdrawing funds for Iranian users:

• Rial Deposits and Withdrawals via Farsi Change Exchange: Use this fast and convenient method for rial deposits and withdrawals. For more information and operations, you can contact TopFX’s Persian support on Telegram.
• Bank Transfer: A traditional and reliable method for depositing and withdrawing funds. Send a bank transfer to the broker’s account to quickly start your trades.
• Credit/Debit Cards (Visa, MasterCard): A fast and secure method for managing your funds using credit or debit cards like Visa and MasterCard.
• Online Payments: TopFX supports secure and reliable online payments such as PayPal, Neteller, Skrill, and Perfect Money, allowing for easy and fast fund transfers.
• Cryptocurrencies: If you use cryptocurrencies like Bitcoin, Ethereum, Dash, Litecoin, and other altcoins, you can deposit funds using these cryptocurrencies and start trading.

Conclusion

This article provides a comprehensive review of TopFX Broker, covering aspects from registration and verification to special features such as copy trading, various deposit and withdrawal options, and the broker’s services.

Our analysis indicates that TopFX is recognized as a good and reliable broker in the forex domain, particularly suitable for traders seeking easy access to financial markets and benefiting from the expertise of professional traders.

Based on these findings, TopFX appears to be a suitable and attractive choice for those looking for a secure and efficient path into the world of forex trading.