TopForex reviews

TopForex_logo TopForex 7/10 (votes 3331)

On-line since: 2014
Country of origin: Republic of Cyprus
Regulation: CySEC
Payment options: wire transfer, VISA, MasterCard, Skrill, China UnionPay
Minimum account size: $250
Minimum lot size: 0.01 lots
Leverage: up to 1:200
Spreads: from 3 pips on EUR/USD

TopForex is a registered brand name of Goldenburg Group Limited regulated by the Cyprus Securities and Exchange Commission. Also, it holds a license for the provision of brokerage services in 30 European countries.

Every STP broker’s deal from placing orders to closing them is done automatically without any manual intervention; orders are executed immediately and without re-quoting.

The client can open a single account on one of the trading platforms: MetaTrader 4 or xStation. Trading conditions vary according to a chosen platform. The broker provides the major order types: Buy Limit, Sell Limit, Buy Stop, Sell Stop, Take Profit, and Stop Loss.

Trading conditions:

  • Wide range of trading instruments (Forex, precious metals, products, indices, and CFDs on shares);
  • Trading standard lot sizes;
  • Spreads starting from 3 pips on the EUR/USD;
  • Minimum initial deposit of $250;
  • Leverage of 1:200 for experienced traders;
  • Demo account available for 30 days.

The Margin Call is 50%. Clients only get an automatic margin call notification when they log in to their trading platform. If the margin level falls below 30%, the platform will automatically liquidate the client’s positions.

There is a great variety of educational products: on the web page you can find many videos and webinars which explain the basic usage of trading platforms, brings closer basic trading strategies or money management fundamentals.

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Comments about broker

Milton trader
review TopForex
03-08-21

I am not very impressed with the platform of TopForex. I had high expectations because of what they claimed on their website. But then after trading with them for several months, I never had a trading activity that was not interrupted by technical issues. Their platform would always malfunction or lag and I don't think it is worth it anymore.

Ersyadh trader
review TopForex
16-06-21

I guess that I was attracted by low deposits and good trading conditions, apparently, but I must say that they allow you to deposit $500. After that Support team froze all my money telling me that I was breaking the contract I was accepted at the beginning, but up to know they don't tell me what rules I broke exactly. Definitely, this is a total scam. And I was not impressed with how their website looks. It is a little plain compared with other brokers. Their trading conditions are not the worst at all, because I do prefer variable spreads, bit they should check their server, it is not good.

Agauda trader
review TopForex
21-01-21

I would personally advise that you to keep away from TopForex broker if you are an intraday FX trader or a news trader. I ever witnessed a 42-pip spread on pre-news event. Now it’s occur most of time. Another thing their client support is unprofessional and very slow. I had some query and chated with their live support, I experience their live chat service is awful, hardly they answered my queries in as short as possible, I did not like their approach. Moreover, TopForex is not a regulated broker

Ianni trader
review TopForex
16-11-20

I have been funding my account at TopForex using my MasterCard. Transactions are smooth and there are no hidden fees. So far, I have invested a total of $550 on my account. The overall experience is decent but it is also inevitable that there are times when the platform would not run properly. There are a few times when it crashed and I incurred a huge loss. But I believe the company is already working on this issue.

Ricardo trader
review TopForex
22-09-20

Bad experience with Top forex. They have cancelled my orders with no reasons. I've had a live account for 3 weeks and left them. Spreads are a bit high in my opinion.I think there is manipulation on orders. No unique trading features and the site is not informative. This broker is giving useless information to simply take the money of their customers.

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