Forex Broker

RatingFX: independent rating of Forex brokers

TopForex review

On-line since: 2014
Country of origin: Cyprus
Regulation: CySEC
Payment options: Wire Transfer, credit cards (VISA, MasterCard), Skrill, China UnionPay
Minimum account size: $250
Minimum lot size: 0.01 lots
Leverage: up to 1:200
Spreads: from 3 pips for EUR/USD

About company:

TopForex is a brand owned and operated by the Cyprus investment company Goldenburg Group Limited which is licensed by CySEC. Moreover, the broker has licenses from regulators of 30 European countries. The funds of customers are insured against the broker's bankruptcy and are kept in segregated accounts.

TopForex uses STP technology for order execution. Trading instruments include over 50 currency pairs and stocks, as well as commodities, indices, and bonds.

Trading platforms

TopForex offers two trading platforms. The popular MetaTrader 4 platform is available for PCs, smartphones, and tablets. MT4 supports dozens of languages, including Russian. The platform contains a lot of technical indicators and has a wide range of opportunities for working with charts.

The second trading platform is xStation. It is also available on various devices. In xStation, 9 charts can be displayed on the screen simultaneously. The platform allows traders to create trading robots and business applications. It also includes the main trading orders such as Stop Loss and Take Profit. The platform supports the Russian language like MT4.

The broker provides social trading on xSocial to its clients. Thanks to the service, traders can analyze successful transactions of other investors and copy deals to their account.

Trading conditions

The minimum deal size is 0.01 lots. Customers can choose a leverage of up to 1: 500. The main disadvantage is high spreads, which begin from 3 pips for currency pairs, for example.

Beginners have the opportunity to open a demo account for 30 days and practice their skills without the risk of losing money. On the official website, there are a lot of educational materials and videos that teach how to work on trading platforms and trade on Forex.

Payment methods

TopForex offers several ways to top up an account including bank transfer, credit cards (Visa, MasterCard), and payment systems (Skrill, UnionPay). The minimum deposit is $250. The broker does not charge any fees for depositing and withdrawal of funds.

Customer support

Traders can contact the customer support via e-mail, chat, or phone. The official site, platform, and support service are all available in Russian.

TopForex 3/10 (votes 1933)
Comments Interested in other brokers?
Author of TopForex: Gerryfx | Date 2018-04-19
I'm making a nice profit since I started to trade with TopForex. The platform works great with fast execution, the spread is stable during volatility times. I use currency pairs USD/GBP and EUR/GBP with medium time frames. For EUR/USD pair I use a bot to help me with the patterns. My profit on average so 400$ and I am pleased with that. The broker has transparent fee policy and the support team is always there to help or answer questions.
Author of TopForex: Anu | Date 2018-03-06
Great broker indeed, I joined top forex 4 months ago, I had training with one of the representatives and after 2 weeks I started with my $ 250,and after 3 weeks I earn $ 600 with top forex, and then request for my withdrawal, got it for approx 6 days, so in my opinion, there is nothing wrong with this broker, you need to train first before you start with live account to maximize your profit.
Author of TopForex: Looey | Date 2018-01-16
Topforex is such a reliable broker. I consider them as one of the high reputation broker service. In fact, I have been trading with them through real trading ECN classic account while it is affordable with minimum deposit of $100. Their spread is okay and reliable for 0.1 pips especially for most desire currency pair EUR/USD. Their contest was good and useful and trader like me were able to make some profit through it. I would like to give credits to them team for the free seminars which provide valuable insights and the best strategies used over the years.
Author of TopForex: Fatai | Date 2017-12-11
I have had no negative experience while trading with Top Forex. I am a satisfied client, I think that most of the posters do not even have accounts with the company. If you want me to show my withdrawals history no problems just ask, but this broker withdrawal fine, I have made withdrawals for 4 times now with no issue, only that the support department is sometimes slow in response.
Author of TopForex: fxchonsongi | Date 2017-09-13
TopForex is a reliable broker that provide very smart trading system and good platform. I have traded with them for 2 years and I recommend this broker. I traded as usually in currency pair EUR/USD and I really happy because most of the time the spread is fixed at 3 pips. I trade with variable success but able to earn around 50% to 75% from deposit amount per month. I also like their payment system , the withdraw processed by wire transfer and all are comes within same days. I feel comfortable trading with TopForex and I am not going to change the broker.
Author of TopForex: abdula salic | Date 2017-07-26
The Mt4 platform didn't work when I was trying to sell some trading instruments like the NZDUSD, AUDCAD, CHFJPY, USDHUF, EURHUF and EURAUD. Because of that incident, I lost hundred of dollars amounting to $581.41. I couldn't believe it, because I thought this company has a reliable trading system. Now, I am planning to withdraw all my funds to save my money. I will update this review once I received all my funds.
Author of TopForex: Trustpip | Date 2017-07-06
I am a client of TopForex broker for a couple of months and till now I am pleased with their services. The platform MetaTrader 4 works with fast execution, real time prices and the broker is not manipulating the prices. I trade mainly currency pairs GBP/EUR, USD/AUD, USD/JPY, USD/CAD, EUR/USD, NZD/AUD and when there is strong signal I trade also Gold. The spread is very stable during volatility times which makes risk more predictable. My profit is around 700$. I withdraw money using the system Skrill and I never had hidden commissions or delays.
Author of TopForex: Ermixa | Date 2017-06-16
I think topforex is no more reliable as they unable to maintain their good platform. Along my journey with them, I experienced few times crashed on platform and realized it always happened during major news release. In fact, the price is not a real price if compare to market price which mean they already have modified it to take extra profit from clients. I think this broker is not an honest broker and I really dislike the way they treat client. Last time, I also worked on stock market and hope to double up the income but surprisingly result was negative and lost. In fact, I have worked for call option system and bought 3 contracts which cost about $300. I was so shocked when 1 contract has missing and ih happened when the moment price moving up. I contact to finance division and they should responsible to the loss but they denied the fact that the mistake was by them. They stole my money I won’t believe topforex again and bye for now to topforex!!

Add comment

Forex charts and quotes

30% bonus for EACH deposit
Leverage 1:1000

Special offers
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!