TopForex: Honest Review and User-ratings

TopForex user-ratings: $100
  • Asset varierity - 0/10
    0/10
  • Trading platform - 0/10
    0/10
  • Support - 0/10
    0/10
  • Fees - 0/10
    0/10
  • Deposit/Withdrawal - 0/10
    0/10

Facts about the company:

  • Type: Forex and CFD Broker
  • Regulation: CySEC (Cyprus) and FCA (UK)
  • Minimum deposit: $100
  • Demo account: Free
  • Markets: Forex, Commodities, Indices, Shares, Shares CFDs
9.4/10
Comments Rating 9.4/10 (1 review)

Pros

  • Reliable customer support in 8 languages
  • Training offered
  • Extensive trading offer
  • Attractive conditions
  • Safety guaranteed through multiple regulations

Cons

About Topforex

At the broker Topforex.com, you as a trader have an easy way to participate in trading with foreign exchange and you can access a wide range of offers for trading. Two different platforms are available for trading and trading with a mobile app is also possible. With its extensive offer and attractive conditions, this broker offers a lot of comforts and paves the way for simple and versatile trading. Opening an account is easy here and therefore even inexperienced traders can participate in trading without any problems.

An overall very extensive range of tradable instruments contributes to the fact that as a trader you can participate in trading in a versatile and flexible way. Topforex.com thus shows that there is an option to participate in trading extensively and professionally. In addition to trading with MetaTrader 4, trading with another trading platform is also possible.

As a trader, you also have the possibility to access the previous training contents very easily. These are available in an archive and can be retrieved easily and comfortably. Especially as a new trader, you can profit from this and improve and intensify your own knowledge about trading with currencies.

Screenshot of the TopForex landing page

How safe is trading with topforex.com?

Basically, it can be assumed that the broker Topforex.com is a reputable provider that offers its traders extensive and reputable opportunities for trading. Therefore, it is in no way to be assumed that it is fraud or that the provider has anything to do with rip-offs.

Above all the existing regulation, for which the CySEC from Cyprus is responsible, speaks for this. The authority controls and monitors the broker and all his activities, which is of course an enormous advantage for the traders. The security is therefore guaranteed in any case.

In addition to the regulation by the CySEC, the broker, which belongs to the Goldenburg Group Limited, also offers control and supervision by other authorities. These include, for example, the authorities from Belgium, Croatia, or Italy. For the traders, this of course offers even more security and makes trading with Forex instruments secure.

More examples of authorities that Topforex.com is regulated by:

  • Austria: Finanzmarktaufsicht (FMA)
  • Denmark: Finanstilsynet (Danish FSA)
  • Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
  • Malta: Malta Financial Services Authority (MFSA)
  • Spain: Comisión Nacional del Mercado de Valores (CNMV)
  • UK: Financial Conduct Authority (FCA)

On this basis, the provider Topforex.com can benefit from a high degree of security and there is the option to benefit from the offered regulation to a large extent. Thus, sufficient security in trading is ensured in any case.

Topforex.com Regulation and Safety

At Topforex.com you can profit as a trader from an official regulation by the CySEC from Cyprus. Traders can thus benefit from a high level of security. The regulation clearly shows that the Forex trading provider is subject to official control and supervision. Thus, unfair dealings are not possible and the broker works seriously and reliably in any case.

So it quickly becomes clear that Topforex.com has nothing to do with fraud and also that rip-off is not an issue here at all. Instead, traders are offered a great deal of security, which also makes it clear that the provider is subject to additional supervisory authorities within Europe. Authorities from Italy, Belgium, the UK (FCA), and other countries also supervise the provider.

All in all, Topforex.com is a safe and reliable place to trade currencies and other assets. Especially for traders, the security offered is usually very important.

Which markets can be traded on Topforex.com?

Topforex.com offers a wide range of currency trading services, making it easy and versatile for traders to participate in trading. The broker provides a variety of tradable currencies and there are also various platforms for trading.

All in all, the range of tradable securities at the broker Topforex.com is very extensive, thus creating an optimal basis for versatile and varied trading. Of course, it is primarily currencies that are available for trading at Topforex.com. A whole range of currency pairs is available here, making it possible to trade EUR/USD or AUD/NZD, for example. This variety offers traders a great deal of variety and is suitable for always being able to make a versatile trade.

In addition, this broker also offers other securities, including commodities, shares, and even indices. A selection of shares CFDs is also available for trading. In this way, as a trader with the Cypriot broker Topforex.com, you can benefit from the fact that the provider offers a wide selection of tradable securities.

Markets that can be traded on Topforex.com:

  • Forex
  • Commodities
  • Shares
  • Shares CFDs
  • Indices

The comprehensive trading offer creates an optimal basis for participating in trading effectively, professionally, and with a high degree of variety. Experience has shown that it is above all the additional trading values that stand for precisely this option.

costs and fees on Topforex.com

The costs are easy for retailers to calculate. Especially the spreads play a role when trading with currencies and therefore it is an advantage that you can easily retrieve them as a trader at the broker Topforex.com. The spreads for trading with MetaTrader 4 and also for trading via xStation can be called up directly and this shows great potential.

The spread for trading EUR/USD is typically 3 pips and thus offers an ideal basis for traders. The costs incurred are kept within reasonable limits and make profitable and attractive trading possible. However, spreads are different for other currency pairs and trading instruments. They can be viewed on the website.

The conditions for trading are quite positive in the Topforex.com test, although there are also providers who charge lower fees. However, the spreads are still quite tight, making it possible to trade currencies and other assets lucratively. It should also be mentioned that there are no other fees and costs for trading.

These trading options are available for the traders

The trade with this supplier is versatile and with a lot of variety possible. The different trading options available at Topforex.com also contribute to this. As a trader, you can thus trade Forex values very individually and have the opportunity to work with limits and co.

For example, buy limits can be set or traders can use sell limits or buy stop signals. Furthermore, Sell Stop, Take Profit, or Stop Loss are also available for trading. This gives the trader the chance to get the maximum out of the individual trades. Too high losses can be avoided and when you win, you can get the maximum out with just a few clicks.

Offered Trading Options:

  • Buy Limits
  • Sell Limits
  • Buy Stop Signals
  • Sell Stop
  • Take Profit
  • Stop Loss

Also, the lever is to be mentioned here, which makes versatile trading possible. Depending on the trade, the leverage can be as high as 1:500, creating lucrative trading options even at small stakes. Of course, the risk also increases accordingly.

The trading accounts in focus

Although there is only one account model at the broker Topforex.com, it can be used in different ways. Basically, it is a good idea to think carefully about how much you want to deposit. In the end, the possible leverage that can be used depends on this. The Leverage decreases as more money is deposited into your trading account:

Initial DepositLeverage
$100 to $19,9991:500
$20,000 to $99,9991:200
over $100,0001:100

Thus, with variable spreads, the leverage makes for interesting trading, and traders can participate in trading with foreign capital.

The bonus at a glance

The Broker may grant its clients a bonus for the first deposit on the trading account. It is possible that the bonus offers are only granted from time to time, so the information is not online at the moment. In principle, a bonus is of course a good idea for traders, as this way additional capital is available for trading.

With a bonus, additional capital is available for trading and this can definitely pay off, especially for newcomers to trading. However, you should keep in mind that the additional bonus credit cannot be used for payouts. Instead, it can only be used for the trade itself.

Nevertheless, a bonus is of course lucrative as long as you receive one. The tendency is to assume that a bonus at Topforex.com is only granted to new traders who make their first deposit into a new trading account.

Deposits and withdrawals

Deposits can be made with the provider Topforex.com very easily and flexibly. There are several options available, which make it easy for the trader to enter into trading. Bank transfer, Skrill as well as credit cards are available for deposits, and UnionPay is another online-based payment provider. This makes it possible for traders to quickly and easily deposit fresh capital into their trading account.

The minimum amount for deposits is 100 Dollars, with a minimum limit of 250 Dollars only for payments by wire transfer. The maximum deposit amount is always 10,000 Dollars. Only – also in this case – there are no limits for deposits to the trading account.

For withdrawals, the only available method of payment is by bank transfer. Therefore, the payout is not possible via an online service like Skrill. On the other hand, there are no fees for transfers, which is a clear advantage in the Topforex.com experience. In general, the broker offers a lot of comfort for payments, although providers such as PayPal are not offered.

The customer service and support

It is important to be able to get help quickly and easily if you have problems as a trader. At the broker Topforex.com there are therefore various possibilities on how to get in contact with the provider as a trader. In addition to an international phone number, there are also various country-specific phone numbers. Thus it is easy and comfortable to reach the broker. Furthermore, Topforex.com also provides a mail address.

A lot of comforts are also offered by the live chat, which is available at the broker. This gives the trader the opportunity to quickly and easily ask a question and thus problems can be discussed and solved without much effort.

Support available:Monday to Friday from 8.30 am to 5 pm
Telephone:+357 2505 5705 (for english support)
Adress:support@topforex.com
Languages:8

This is how user-friendly the website is

The website of the broker is brightly designed and appears friendly and tidy at first glance already. All important areas can be easily accessed via the menu so that direct information retrieval is possible. It is also hardly noticeable negatively that individual areas like the FAQ are only available in English.

Otherwise, the website is easy to use and offers quick access to all relevant areas. Without much effort, you can find your way around here even if you have no previous experience with Forex trading or this broker. The two offered platforms provide thereby besides also with the trade actually for much comfort.

trading platforms and mobile app

The MetaTrader 5 has a mobile app. With this app, traders can easily participate in trading on the go. With their own smartphone, they can use one of the apps to conveniently access their own trading account, and it is also possible to use it to enter trading directly. In this way, the own account can be monitored and individual trades can also be controlled.

In addition, it is also possible to place new trades with the app. In this respect, as a trader with the broker Topforex.com, you can also participate in trading from your smartphone or tablet very easily and comfortably. The mobile app is available free of charge and is available for different mobile systems.

The MetaTrader also offers various mobile indicators and thus enables trading to be optimally coordinated. The App convinces besides with the simplicity and makes thus a simple and fast trade possible.

Conclusion

The broker Topforex.com can convince in the end in the test all along the line. Even if there are limitations in the payment options, the provider makes up for it in other areas. For example, there is a demo account that can be used for 30 days without any risk and training is also available for the traders. Thus, extensive training is possible at the beginning and later on, you can continue to train yourself as a trader and thus optimize your own trading with currencies and Co. The broker is therefore also suitable for beginners and offers various possibilities for trading.

The provider can also convince with the offered regulation, which is guaranteed by the CySEC from Cyprus. This provides a lot of security and contributes to the fact that Topforex.com is to be classified as serious. The broker has nothing to do with fraud or rip-offs and instead offers a safe and reliable trade with Forex values. In addition, the extensive range of tradable values is also a clear advantage and as a trader, you can benefit from attractive conditions around trading. Thus, the provider based in Cyprus – also due to the extensive support – is definitely worth a look.


Most asked questions:

Is TopForex a regulated broker?

Yes – TopForex is not only regulated by the CySEC with CIF License No 242/14, but also by multiple other authorities in all of Europe. For example Austria, Germany, Italy, Malta, Spain, Sweden, and the UK (FCA).

What can I trade with TopForex?

TopForex offers a broad range of markets to trade in. Besides Forex, that counts Commodities like precious metals, Indices, Shares as well as Shares CFDs.

Is TopForex a Safe Broker?

Yes – the CySEC controls and monitors the broker and all his activities, which is a big benefit for the traders. On this basis, TopForex can guarantee a high degree of security.

Which Payment Methods does TopForex offer?

Topforex.com offers several payment methods for deposits, e.g. Bank Transfer, Skrill as well as credit cards. For withdrawal TopForex unfortunately only offers Bank Transfer. But therefore, there are no fees for transfers, which is a clear advantage.

One Response

  1. Andre Witzel September 21, 2020

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