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TopForex Guide – Read our In-Depth TopForex Review

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 US users.

This TopForex review contains the latest information about TopForex.

If you're a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will get proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the right agent who'll be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan will generate hefty returns. TopForex is just one such stage which will take you along with your investment into great heights. It is crucial that you understand about TopForex before you trust them with your money.

TopForex review

Our entire TopForex Review covers all you need to learn about trading using TopForex. A good broker can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.

There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It is a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

TopForex is a broker which has forged its way successfully into the brokerage world. Within this review, we have attempted to collate a number of the vital aspects of TopForex. This review can allow you to understand whether TopForex is a good match for your own investments or not. We have tried to breakdown all the features and fees for your convenience.

TopForex Review, Table Of Contents

Who are TopForex?

TopForex is a forex broker headquartered in Cyprus and provides a variety of instruments for trading. Since its beginning in 2009, TopForex has emerged as a top-tier player in the industry of online broker. TopForex includes a highly competitive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.

Over the past 12 years, TopForex has grown into one of the leading online brokers.

After establishing in 2009, their consumer base has become as large as 10,000+ clients.

TopForex is a favorite for many dealers.. Our TopForex review discovered that they're an superb alternative for automated trading options. It is best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at TopForex.

Technology plays a significant role at TopForex. TopForex features trading on MT4, Web Trader, Tablet & Mobile apps. TopForex is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The trader resource department at TopForex is very enlightening for new dealers as it allows them to get a closer look at the financial markets. TopForex caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.

Benefits of trading with TopForex?

Trading with TopForex includes numerous advantages. These benefits are what sets TopForex ahead of all other online agents. You need to check all the benefits listed so that you have a better comprehension of TopForex.

The broker goes to great lengths to understand what traders need. As a result, the support cost is low, fast, and convenient. The broker also provides a variety of platforms for all types of traders. TopForex ensures that the individual needs of all online traders are completely met.

TopForex also features excellent trading conditions which are available to just an elite group of institutional customers. The tight spreads and quick executions are a fantastic benefit for those traders. The technology adopted by TopForex is of the maximum caliber, ensuring that it's fast, reliable, and efficient.

TopForex acknowledges the importance of owning a fast order execution. A fast execution will allow users to trade without fretting about slippage safely. It will also help the dealers to catch the maximum profitable opportunities.

Automated trading is another major aspect of TopForex. A new dealer can learn from business experts utilizing the automatic trading option. The tight spread begins from as low as 0.0 pips, even though they are offered for only razor balances.

TopForex has over 100 trading instruments to support all types of traders. These instruments are lively and convenient for both new and experienced traders. The dealers can set aside all their worries when trading using TopForex.

TopForex overview

Year Founded: 2009

Regulated By: Cyprus Securities and Exchange Commission (CySEC)

Hedquarters: Cyprus

Minimum Deposit: $100

Number Of Clients: 10,000+

Losses can exceed deposits

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.

Everything you ought to know about trading using TopForex

TopForex is a dynamic platform that offers various procedures of trading. These instruments cover the monetary markets considerably. The Majority of the brokerage platforms offer fewer methods than TopForex

If you would like to trade with TopForex, you'll need a minimum deposit of $100. This deposit is required if you wish to start trading using TopForex. This 2021 TopForex review will direct you safely about trading with them.

TopForex is as versatile as another broker platform. TopForex is excellent for traders who want a manageable variety of cheap services. The programs supplied by TopForex are third-party, white-label offerings. All traders can choose out of MT4, Web Trader, Tablet & Mobile apps.

Along with everything, TopForex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept available. The agents offer premium customer service which rewards customers with advantages.

Many less reputable brokers attempt to pressurise customers into larger funding for premium services. TopForex, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.

TopForex accounts are available all over the world and provides excellent service wherever they have clients. There are some select few countries where TopForex accounts are not available. Traders in the following countries cannot open or use a TopForex account:

Is TopForex Safe To Trade With?

Launched in 2006, TopForex has been open for 12 years, they are headquarted in Cyprus.

TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that mandate that trading platforms have measures in place to maintain investor's resources procured. This usually means that TopForex users don't need to be worried about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.

You can make use of a choice for 2 Factor Authentications (2FA) with TopForex for heightened security. An SMS with the confirmation code will be sent to a phone. You will be required to enter this code to log in to your accounts.

Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the example of Market Maker agents who compete with customers on the stage.

Pro's & Con's Of Trading With TopForex

Every online trading platform will have a few pros and cons TopForex review would be complete without having a balanced approach. 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 Pro's

  • TopForex is trusted by 10,000+ clients
  • TopForex doesn't charge CFD fees
  • TopForex offer trading on MT4, Web Trader, Tablet & Mobile apps
  • TopForex offer 100 trading instruments
  • TopForex trades major forex pairs
  • TopForex can communicate in

TopForex Con's

  • TopForex does not offer Negative Balance Protection
  • TopForex does not offer Guaranteed Stop Loss
  • TopForex charge withdrawal fees
  • TopForex charge inactivity fees
  • TopForex charge deposit fees
  • TopForex doesn't trade minor forex pairs
  • TopForex doesn't trade exotic forex pairs
  • TopForex doesn't offer trading on cryptocurrencies

TopForex Review - Compare Brokers Similar To TopForex

TopForex Burrell Stockbroking VPE Bank Virtual Brokers
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $100 $5000 $1000
Year Founded 2009 1968 2008 2008
Headquarters Cyprus Australia Germany Canada
Regulated By Cyprus Securities and Exchange Commission (CySEC) Malta Financial Services Authority (MFSA) The Federal Financial Supervisory Authority Bundesanstalt f?r Finanzdienstleistungsaufsicht (BaFin), Financial Industry Regulatory Authority (FINRA) The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk

TopForex Review - Regulation And Licencing In More Detail

TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).

TopForex, as a company, has a powerful set of rules for ensuring fair trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.

TopForex Review - Awards

    At the time of writing this TopForex review, they had not received any awards.

TopForex Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on TopForex is $100. This is a decent amount for people just beginning. You can create more advanced deposits as you go along. But, make certain 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 prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.

But this does not 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 three different types of penalties for this purpose.

The first kind of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, financing 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 difference between the buying and selling cost. Financing or overnight rates are people that are billed when you maintain a leveraged position for more than a day.

Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, TopForex doesn't charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly trade, such as daily or weekly trading.

But, non-trading fees charged by TopForex are relatively lower. Consequently, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of resources.

This TopForex review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against TopForex

TopForex Burrell Stockbroking VPE Bank Virtual Brokers
Minimum Deposit $100 $100 $5000 $1000
Withdrawal Fees Yes $15 variable variable
Inactivity Fees Yes
Deposit Fees Yes
CFD Fees

TopForex Review - Withdrawal Fees Explained

TopForex charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank account, these withdrawal charges become important.

Withdrawal of money is possible at any time from your TopForex account. You can draw sums up to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't necessarily need to have any money on 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 money will be sent into 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 case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're 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 head when open an account with TopForex. An inactivity fee is an amount charged to registered traders who have not participated in buying or selling for some time. The period considered inactive is decided by the agent.

The inactivity fee differs from 1 broker to another and is not generalized. If a dealers account doesn't have a buying or selling trade, it is claimed by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions that they had agreed while registering.

TopForex charges an inactivity fee when you don't create any trades for a while.

Even if no charges are indicated by TopForex, it is best for you to close the account if you are inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the agent beforehand.

TopForex Review - Deposit Fees Explained

When you transfer money into your trading account by the bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this operation.

TopForex charges a deposit fee for transferring money into your trading account.

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 will have to provide an identity evidence and evidence of residency to deposit substantial sums.

TopForex Review - Compare Broker Deposit Methods

TopForex Burrell Stockbroking VPE Bank Virtual Brokers
Minimum Deposit $100 $100 $5000 $1000
Credit Card

What Can You trade With TopForex?

Note: TopForex provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will 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 currency pairs is of interest to you then TopForex offer over 15 forex pairs.

Compare TopForex, Burrell Stockbroking, VPE Bank & Virtual Brokers below.

TopForex Burrell Stockbroking VPE Bank Virtual Brokers
Platforms MT4, Web Trader, Tablet & Mobile apps Desktop, Android, iPhone, Mac MT4, MT5 MT4, Desktop, iPhone/iOS
Instruments Available 100 65 251 250
Forex & Crypto
Forex Pairs Available 15
Offers Major Forex Pairs? Yes No Yes Yes
Offers Minor Forex Pairs? No No No
Offers Exotic Forex Pairs? No No No
Offers Cryptocurrencies? No No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No Yes No
Trade Energies? Yes No Yes No
Trade Agricultural? Yes No Yes No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No Yes No
Trade US Shares? Yes No No No
Trade German Shares? Yes No No No
Trade Japanese Shares? Yes No No No

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To TopForex

If, after studying this TopForex review, TopForex doesn't quite fulfill your needs check out these TopForex alternatives.

We've scoured the internet to find the best alternatives to TopForex. Click 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 offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.

If you register to get a demonstration account on TopForex, you may set out with a decent amount of virtual money. It is to establish a sense of security and confidence in you before you decide to spend your own money.

With this digital TopForexdemo account, you are able to experiment in any way, to whatever period you desire. You can also start positions, examine different trading approaches, and more.

TopForex specifies on its official website which you are able to trade real time stocks in a demo account.

Is TopForex safe?

It is possible to drop all your worries because 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 does not 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 acocunt with TopForex is $100. You should have a good hold over the nuances 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 a number of ways to fund your accounts with TopForex. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every country. The currencies TopForex

Is my money safe with TopForex?

Yes, your money is safe and protected with TopForex. As you know, TopForex operates with proper conformation to. It's established lots of steps to guard all of its investors.

TopForex protects its clients' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your accounts.

Is TopForex trading good?

Yes, trading via TopForex is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you can also obtain access to a vast collection of educational tools and assistive material to kickstart your trading experience.

If you are still skeptical, you can start a eToro demo account and evaluate the credibility of the platform for yourself.

Which Countries does TopForex support?

TopForex operates across the world. However, due to regulations there are some countries that TopForex cannot accept clients resident in

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 a great agent, and its users can vouch for this. The highlight of the platform is its fast order execution on trades.

You'll discover the clean layout of the platform along with 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 industry leaders. It supports over 10,000+ registered customers and over 12 years of expertise on its own record. They're one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this status to its incredible platform and wide selection of resources plus tools so that you can invest in 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 lot of cash. However, on average, through consistent trading, you also can make between 2% - 10% profit a month.

This may seem like a little number, but over the year, this adds to a significant number of gains. While TopForex provide you all the tools to make money, they can't guarantee you will profit.

Does TopForex have fees?

Yes. To start trading with TopForex, you have to deposit $100. Particular 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 globally 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?

No. TopForex doesn't provide negative balance protection. If your balance is negative, TopForex indicates you contact customer services. With this, you are able to fix any imbalances within your own account.

Does TopForex offer guaranteed stop loss?

TopForex regrettably, does not offer guaranteed stop loss. TopForex provides a chance to its dealers to close their trades in their given price. Apart from this, TopForex does not offer guaranteed stop loss.

Does TopForex allow scalping?

Yes, TopForex do permit scalping. Several traders across the world select TopForex due to their services that are trading. 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?

No, TopForex does not accept bank transfers.

Does TopForex accept credit cards?

No, TopForex does not accept credit cards.

Does TopForex accept PayPal?

No, TopForex does not accept PayPal.

Does TopForex accept Skrill?

No, TopForex does not accept Skrill.

Does TopForex accept Payoneer?

No, TopForex does not accept Payoneer.

Does TopForex accept Neteller?

No, TopForex does not accept Neteller.

Does TopForex offer Live Chat customer support?

No, TopForex does not offer customer support through live chat.

Does TopForex offer phone customer support?

No, TopForex does not offer customer support over the telephone.

Does TopForex offer email customer support?

No, TopForex does not offer customer support through email.

What languages can TopForex communicate in?

TopForex has the ability to communicate and support customers who speak:

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.