RatingFX: independent rating of Forex brokers
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.
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.
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.
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.
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)