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Introduction and Comprehensive Review of Top FX Broker

Tina

Positive Aspects of the TopFX Broker

Negative Aspects of the TopFX Broker

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.

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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.

    • 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

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

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

MetaTrader 4 at TopFX

MetaTrader 4 at TopFX offers the following features:

Features

Main Features:

Automated Tools:

Advanced Capabilities:

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:

Flexibility:

Risk Management Tools:

Manual Trading Experience:

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:

Recommendations for Users:

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:

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:

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.

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