TOPFX

Is TOPFX safe and legit？ Full review

TOPFX is a Cyprus-based broker established in 2011 and regulated by the Cyprus Securities and Exchange Commission, with a safety level of 1. It has been operating for well over a decade, and it offers three account types — Pro, Zero, and Growth — all with a maximum leverage of up to 1:2000 and support for hedging, scalping, and EA trading. Trading is available through MT4 and CTrader, along with Mobile App, web, and PC access, while customer service covers five languages and can be reached by phone, email, and social channels, though response times may be lengthy. Its influence rating is C, with an average influence index of 5.44 and a distribution concentrated in Brazil, Algeria, Egypt, Spain, France, India, Italy, Nigeria, Turkey, and Vietnam. On the positive side, the broker is regulated by CySEC, offers multiple account types, and has a long operating history; on the negative side, it carries a regulatory disclosure and a high number of user complaints.

Basic Information

Regulatory Compliance and Security

TOPFX is regulated by the Cyprus Securities and Exchange Commission under regulation number 138/11, held by Topfx Ltd. The regulator is listed in a regulated state, and the broker's safety level is Level 1.

One regulatory disclosure is recorded against the brand. The Securities Commission Malaysia placed "Top FX" on its Investor Alert List for carrying on unlicensed capital market activities of dealing in securities, based on website matching.

Account Type

TOPFX offers 3 types of accounts:

Trading software

TOPFX supports the MT4 and CTrader platforms, and also offers Mobile App, web, and PC access. The software experience is rated "Perfect". The MT4 platform used for this review is highly customizable, available in multiple languages, and provides clear expense reports along with a good search function, but it lacks two-step login and biometric authentication.

MT4/5 Server Distribution:

• MT4 live and demo servers are located in China Hong Kong, the Netherlands, the United Kingdom, Australia, France, China, Japan, and the United Arab Emirates.
• TopFXSC-Live Server is located in China, and TopFXSC-Demo Server is located in the United Kingdom.

Customer Service

Customer service supports 5 languages and 1 service region, listed as Seychelles. Most inquiries can be answered through phone, email, and IM App contact channels.

⚠️ Please note that response times may be lengthy.

Influence

The influence rating of TOPFX is C. Its influence is mainly distributed in Brazil, Algeria, Egypt, Spain, France, India, Italy, Nigeria, Turkey, and Vietnam, with an average influence index of 5.44.