TopFX Review
TopFX offers you a suite of liquidity services such as Instant Access, Market Making, and DMA (Direct Market Access) for Interactive Brokers customers. With instant access to their global network of more than 30 trading venues, TOPs will be able to provide you with the best cost-effective execution solution possible. Let’s have a look at TopFX brokerage review to choose one of the best options for you.
Top FX offers different types of investment opportunities to traders worldwide with some being able to use credit facilities on their trading account while some only have the standard margin funding option. The number one benefit that makes it stand out from other brokers is that all of them are regulated under various rules.
Their trading platforms are MetaTrader4 (MT4) & cTrader which can be used on both web-based applications as well as apps for iOS and Android devices. TopFX offers a complete line of investment opportunities, standard low spreads (0.7-1.2), and leverage (500:1), but some initial conditions need to be met before traders can start trading with lower funding rates available to high volume accounts.
Account types
TopFX is an international Forex broker that offers more than 120 currency pairs for clients to trade with. The accounts that clients can open with this Forex broker are of one type.
- RAW account
Raw accounts are a good way to try out this forex broker with minimal risk. If you are new to the world of forex and just, want to test the waters for a little bit, a raw account is probably what you need.
RAW accounts typically point out NO dealing desk execution, which means there is no middleman between you and your trades – they simply go straight from your client-side (MT4 or cTrader) right into the market feed. It also means that you certainly will not get, as good prices on trades, but it will still be more than enough to learn about trading on the MT4 platform and placing entry-exit orders, etc. The RAW account is the closest you can get to a real ‘forex’ experience, so it is one of the best ways to learn about forex trading.
- ZERO account
The zero accounts can be started from a minimum deposit of 35% and average leverage of 1:300. This is fine for most traders, but they believe that you can achieve even better results. For beginners and persons who prefer commissions to be calculated into the spreads, this account is best suited for them. In addition, the rest of the options are the same as the raw account.
Customer Support
Forex broker TopFX provides multiple possibilities for the clients to reach them so they can meet their needs. E-mail is one of these options that are provided by this Broker.
TopFX forex broker provides its clients with different types of communication ways, where each type has its benefits. Clients have an opportunity to choose one that will be beneficial for them depending on what they need. The phone call is another way that the TopFX clients can contact them regarding their demands or any other issues they can face when trading at this brokerage. If there are further questions are about the service offered by TopFX, then visiting their FAQs is another option available. They are always available 24/7 to serve your queries.
Education resources
It is a nice touch by TopFX to provide some educational articles for new traders. They also have many videos to show you. There are videos about how to place orders, how to make money using the Forex market, what is a Pip and more
They also have an educational blog that is worth checking out if you are interested in learning more about trading Forex. Take some time to look around at the different educational materials TopFX provides, and see which ones you are interested in.
Conclusion
If you are an experienced trader, professional, or just starting with trading, TopFX is surely a name that sounds familiar to you. This well-established broker has been in the market for over 10 years now, being fully regulated by the Cyprus Securities and Exchange Commission at all times. With an average level of client satisfaction according to the broker’s reviewer, it is easy to see why traders choose them repeatedly.
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