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TopForex review
TopForex


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)

Web-site: TopForex

Comments Interested in other brokers?
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!!

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