TopFX Review from freeamfva's blog
TopFX Review
What is TopFX?
TopFX is an international multi-asset brokerage firm specializing in liquidity provision. The broker has been providing liquidity solutions to brokers and other investment firms since 2010. They provide leveraged trading of over 1000 assets across Forex, Shares, Indices, Metals, Energies, ETFs, and other CFDs with the market’s tightest spreads and razor-sharp execution.To get more news about topfx review, you can visit wikifx.com official website.
Throughout its decade-long presence in the CFDs industry, TopFX has offered superior liquidity solutions to over 180 Forex brokers, investment firms, and hedge funds.
Over the last years, TopFX enhanced its offering with comprehensive packages for startups, eliminating the high barrier to entering the competitive Forex Industry.
TopFX is an STP Forex Broker with high standards of secure trading environment, as of the regulation it imposes. The broker has an active customer base across Europe, Asia and Africa, including Indonesia, Thailand, Malaysia, Vietnam and Nigeria. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
TopFX Pros and Cons
Our experts find TopFX a well-regulated Cyprus-based broker, offering good trading conditions and transparency. Account opening is fast and there are various trading instruments and platforms available for traders, including advanced cTrader and copy trading.
The cons are a lack of educational sources and materials, also the international proposal is different from the European one. Another frustrating drawback is that customer support doesn’t operate 24/7
Overall TopFX Ranking
Based on conducted research by our financial experts, we find TopFX a reliable broker with a good reputation and competitive conditions for Forex and CFD trading. One of the broker’s distinguishing points is global coverage, as well as ultra-low spreads starting from 0.0 pips. The only shortcoming is the lack of proper educational resources which makes it less preferable among beginner traders.
Despite all the benefits and great conditions, our experts noted the lack of comprehensive education driving beginner traders away. Besides, the broker doesn’t provide cryptocurrency trading, also the international proposal is performed through the offshore branch. Here have a look at the selection of alternative broker reviews:
Its successful model of operation and delivery of trading environment has been recognized by numerous rewards and Awards from popular exhibitors or publishers that the broker continues to receive. In fact, we also observed the development of TopFX which before was mainly localized in Europe now getting almost global coverage. Here are some of the awards granted to TopFX:
Is TopFX safe or scam?
No, TopFX is not a scam, our research showed that the broker is established and highly reliable holding a top-tier regulatory license tailored with a compensation scheme. Simply put, the broker is authorized to offer trading services with all the necessary safety measures.
Is TopFX regulated?
Yes, TopFX is authorized and regulated as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID II). In simple terms, it means the broker is regulated and authorized to offer its trading service along with the necessary safety measures and controls applied.
Along with the main license, the broker serves another entity in the offshore zone, in Seychelles regulated by Financial Services Authority (FSA). Even though we do not recommend trading with offshore brokers only, additional regulations from Europe provide the necessary guidelines to comply with safety measures.
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By | freeamfva |
Added | Feb 22 '23 |
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