TopFX review
TopFX is a Cyprus-based ECN/NDD broker, founded in 2010, regulated by CySEC in the EU plus offshore entities in Seychelles and the BVI. It runs a straightforward account ladder — Zero (commission-based), Growth, Pro and a Premium tier for EU clients — across MetaTrader 4/5 and cTrader, with equity-CFD coverage (500+ names) that's broader than most brokers of its size, alongside a comparatively narrow 13-name crypto list. Its CySEC entity carries EU investor-compensation protection; its Seychelles subsidiary does not, an important distinction for clients comparing entities. Fast ECN execution and a wide (40+) payment-processor list are its most cited strengths.
TopFX key facts
- Website: topfx.eu
- Category: ECN / NDD CFD broker
- Founded: 2010
- Headquarters: Cyprus
- Regulation: CySEC (138/11), FSA Seychelles (SD037), BVI FSC
- Platforms: MT4, MT5, cTrader
- Instruments: 500+ equity CFDs, 44 forex pairs
- Account tiers: Zero, Growth, Pro, Premium
- Inactivity fee: $5/month after 90 days
- FYI Score: 79.7/100 (ranked #76 of the 136 CFD brokers we track)
Regulation & licences
- CySEC-licensed in Cyprus (138/11), which gives EU clients access to the investor compensation fund.
- Separate FSA Seychelles (SD037) and BVI FSC (SIBA/L/23/1161) entities serve other regions and do not carry the same compensation-fund protection.
Spreads & fees
- Zero account is commission-based; Growth ($5,000 minimum) and Pro ($50,000 minimum) run commission-free with average EUR/USD spreads around 1.2 pips.
- Minimum forex commission around $5.50 per round lot on the Zero tier.
- No deposit fee, two free withdrawals per month, and a $5 monthly inactivity fee after 90 days of dormancy.
Platforms & tools
- MetaTrader 4, MetaTrader 5 and cTrader, with support for algorithmic and copy trading.
- ECN/NDD execution with no dealing desk.
Markets & instruments
- Broader-than-average equity CFD coverage (500+ names) alongside 44 forex pairs, 18 ETFs, 14 indices, 8 commodities and a comparatively narrow 13-name crypto list.
Markets
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Platforms
MetaTrader 4, MetaTrader 5, cTrader
Who TopFX is for
Suits an active trader who wants ECN execution and broad stock-CFD access and can meet the $5,000+ minimum for commission-free pricing; less suited to a small-account or crypto-focused trader given the higher entry tiers and narrow 13-coin crypto list.
Pros
- ECN/NDD execution model with no dealing desk
- Broad equity-CFD coverage (500+ names), unusual for a broker this size
- Over 40 payment processor options and negative balance protection
- Supports algorithmic and copy trading
Cons
- High swap rates reported on overnight positions
- Narrow cryptocurrency selection (13 coins) versus crypto-focused rivals
- Seychelles subsidiary lacks an investor compensation fund, unlike the CySEC entity
- High minimum deposits ($5,000-$50,000) to reach the commission-free Growth/Pro tiers
TopFX FAQ
Is TopFX regulated?
Yes, its Cyprus entity is CySEC-licensed (138/11) with EU investor-compensation-fund access; it also runs Seychelles (SD037) and BVI (SIBA/L/23/1161) entities without that same protection.
What platforms does TopFX support?
MetaTrader 4, MetaTrader 5 and cTrader.
What is the minimum deposit at TopFX?
The Growth account requires $5,000 and Pro requires $50,000 for commission-free pricing; the Zero (commission-based) account has a lower entry point.
Does TopFX charge inactivity fees?
Yes, $5 per month after 90 days without trading activity.
Compare TopFX with other CFD brokers
See all CFD brokers ranked by FYI →
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