selftrade
TopForex
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Overview
selftrade was founded in 2013 and is headquartered in Australia, while TopForex was established in 2009 and is based in Cyprus. selftrade holds licences including Financial Conduct Authority (FCA), while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. selftrade serves 14,000,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $250 at selftrade and $100 at TopForex.
| Feature | selftrade | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2013 | 2009 |
| Country | Australia | Cyprus |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between selftrade and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at selftrade). Both brokers charge withdrawal fees. selftrade charges deposit fees; TopForex does not. Overall, TopForex scores higher on fees in our assessment.
| Feature | selftrade | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
selftrade offers MT4, MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | selftrade | TopForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how selftrade and TopForex compare. TopForex runs regular live webinars; selftrade does not. Both provide video tutorials. TopForex publishes daily market commentary; selftrade does not. Both integrate third-party research tools. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | selftrade | TopForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. selftrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while TopForex supports 2 (bank transfer, credit/debit card). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | selftrade | TopForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both selftrade and TopForex offer live chat support. Both provide phone support. Email support is available at both brokers. selftrade supports 8 languages and TopForex supports 2, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | selftrade | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |