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Home/Extended field/TopFX

TopFX — where it wins, where it loses

TopFX does not currently take a column outright against this field. It loses on tier-1 cover, published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.

n/vCost per 10 lots — not confirmed, so not compared
n/vEUR/USD figure the comparison is priced from
0Tier-1 entries of 2 licence rows
n/vMinimum to open, where the broker states one

Column by column

The split

Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.

Wins on

No column where TopFX takes the field outright.

Loses on

  • tier-1 cover
  • published spread

Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.

Licensing

Which entity, which regulator, which number

Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.

TopFX — licence rows on file
RegulatorNumberJurisdictionTierEntityRead from
CySEC138/11CyprusTier 2TopFX Ltdcysec.gov.cy
FSA SeychellesSD037SeychellesTier 3TopFX Global Ltdtopfx.com

Checkable

Facts the comparison runs on

On the record

  • The CySEC register lists TopFX Ltd, licence 138/11 issued 19/04/2011, company registration 274180, KSENOS Building office 502, Troodous 2, Agios Athanasios, Limassol.
  • TopFX's own promotion-terms PDF states 'TopFX Global Ltd ... is licensed by the Financial Services Authority (FSA) of Seychelles under the License No: SD037'.
  • The FSA Seychelles capital-markets register lists TopFX Global Ltd at Office No. A18D, Providence Complex Building, Providence, Mahe, trade name 'TopFX', domain topfx.com.sc.
  • A 2021 archived TopFX account page states RAW and ZERO accounts were available on MT4 and cTrader.
Comparison inputs
Trading sincenot verified
BaseKSENOS Building, Office 502, Troodous 2, Agios Athanasios, 4105 Limassol, Cyprus
Minimum to opennot verified
Leverage cap
EUR/USDnot verified
TerminalsMT4, cTrader
Account tiersRAW, ZERO, Islamic
Marketsnot verified
Record confidencemedium
Matchup-readyno — too many gaps to run a fair head-to-head

Excluded from the maths

Not verified

Not verified

These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:

  • founded year not verified
  • minDeposit and maxLeverage not verified from current own pages
  • spreadEurusd not recorded — the RAW account 'from 0.0 pips' is an advertised floor, not a EURUSD figure
  • instruments not verified from own pages
  • segregatedFunds and negativeBalanceProtection not verified
  • account/platform list comes from a 2021 archived own page — the current account range may differ
Back to the extended matrixPrice this spread

Costs less

Who beats TopFX on price

01

Tickmill

$10.00 per 10 lots · wins on headline spread, platform choice

1 tier-1
02

Eightcap

$10.00 per 10 lots · wins on regulatory reach

2 tier-1
03

JustMarkets

$30.00 per 10 lots · wins on headline spread

0 tier-1
04

CMC Markets

$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice

3 tier-1

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.