TopFX is a globally recognized broker offering institutional-grade trading conditions and deep liquidity for both retail and professional traders. Founded in 2010, the company initially served as a prime liquidity provider before expanding into a full-service brokerage. With its long-standing presence in the industry and partnerships with major liquidity sources, TopFX has earned credibility as a solid and transparent choice for traders worldwide. Regulated by multiple authorities, including the FSA (Seychelles), FSC (Mauritius), and CySEC (Cyprus), TopFX combines compliance and flexibility — an ideal mix for Asian traders looking for safety and efficiency in volatile markets. The broker offers a competitive pricing structure, diverse account options, and access to top platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
Between 60 to 80% of retail CFD accounts lose money.
| Regulators | FSA FSC CySec |
|---|---|
| Minimum Deposit | $100 |
| Leverage | Between 1:10 and 1:1000 | Payment Methods | Bank Transfer Visa Mastercard ApplePay GooglePay FasaPay Skrill Neteller SticPay Cryptocurrencies |
From the first interaction, TopFX stands out for its institutional background and focus on execution quality. The company’s transition from a liquidity provider to a multi-asset broker has given it a strong technological foundation and an in-depth understanding of how liquidity aggregation, order routing, and execution speeds affect retail trading. This heritage is clearly visible in its website, client portal, and trading experience, all designed with professional precision rather than superficial marketing.
Visually, TopFX’s platform is minimalistic yet informative. Information about spreads, accounts, and leverage is clearly presented, making it easy for traders to compare and select their preferred conditions. This clarity reflects the broker’s business philosophy: transparency, reliability, and access to professional-level trading tools. The firm avoids exaggerated claims and instead communicates trust through factual data and regulatory proof.
For Asian traders, especially in Singapore, Malaysia, Hong Kong, and Thailand, this impression is particularly valuable. Many brokers in the region tend to overemphasize bonuses or promotions; TopFX differentiates itself through credibility and execution quality. Its multilingual support and diverse account structure demonstrate its understanding of regional market needs and cultural expectations.
In essence, the first impression of TopFX is that of a broker built for traders who value substance over marketing. It offers depth, precision, and a global mindset that resonates well with both beginners and professionals in Asia.
Regulation
- FSA – Financial Services Authority (Seychelles)
- FSC – Financial Services Commission (Mauritius)
- CySEC – Cyprus Securities and Exchange Commission
TopFX operates under a multi-jurisdictional regulatory framework that enhances its credibility and global reach. Each license plays a distinct role in shaping the broker’s overall reliability and service offering. The FSA and FSC entities provide flexibility in leverage and account options, making the broker suitable for international and emerging market traders. Meanwhile, CySEC regulation ensures strict compliance with European standards, including fund segregation, negative balance protection, and periodic audits.
Client funds are held in segregated bank accounts with reputable financial institutions, ensuring safety and transparency. Furthermore, TopFX adheres to anti-money laundering (AML) and know-your-customer (KYC) protocols across all entities, maintaining operational consistency regardless of client origin. This is particularly important for Asian traders, who often value brokers that balance safety with performance.
CySEC oversight also ensures participation in investor compensation schemes, providing additional reassurance for traders seeking regulated protection under European financial laws. While the offshore entities allow for more flexible leverage (up to 1:2000), the CySEC entity operates under tighter rules — giving clients the freedom to choose the level of protection and leverage that best suits their needs.
Overall, TopFX’s regulatory coverage demonstrates a well-balanced structure: credible enough for conservative investors and versatile enough for those seeking flexible trading terms. The broker’s compliance culture is not an afterthought but a foundational element of its identity.
Opening an Account — Our Experience
Opening an account with TopFX is straightforward, efficient, and designed with the user in mind. The registration process takes place online through a well-organized form that collects personal, financial, and trading experience details. Once submitted, clients are required to verify their identity and address by uploading official documents. The broker adheres to strict KYC and AML standards, yet the process remains seamless and user-friendly.
Account verification usually takes less than 24 hours. During our testing, we found the onboarding process intuitive, with responsive support available to assist in case of any delay or technical issue. Once verified, clients gain access to the secure client portal, where they can manage deposits, withdrawals, and account settings efficiently.
Funding options are diverse and region-friendly. TopFX supports credit cards, bank transfers, and several e-wallets, which are particularly useful for Asian clients. Deposits are processed instantly in most cases, while withdrawals are typically completed within one business day. The broker ensures that client funds are segregated and that no transaction fees are imposed on deposits — a sign of its client-oriented philosophy.
In summary, TopFX offers an onboarding experience that is professional yet uncomplicated. The process is smooth enough for beginners but robust enough to meet the standards of experienced traders accustomed to institutional-grade infrastructure.
Account Types
TopFX provides three main account types — Growth (Standard), Zero, and Pro — each catering to a specific trading profile. This tiered structure allows traders to choose the model that aligns with their strategies, volume, and risk tolerance. All accounts share access to the same high-performance infrastructure, deep liquidity, and premium platforms, ensuring consistent execution quality across the board.
| Account Type | Minimum Deposit | Spreads | Commission | Maximum Leverage | Platforms |
|---|---|---|---|---|---|
| Growth (Standard) | $100 | From 1.2 pips | No Commission | Up to 1:2000 | MT4, MT5, cTrader |
| Zero | $100 | From 0.0 pips on Forex | Yes (per trade) | Up to 1:2000 | MT4, MT5, cTrader |
| Pro | $500 | From 0.5 pips | No Commission | Up to 1:2000 | MT4, MT5, cTrader |
Platforms
TopFX offers access to three world-class platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. This variety ensures traders can select the ecosystem that best suits their style. MT4 remains the industry’s benchmark for Forex trading, appreciated for its stability, customization, and expert advisor (EA) integration. MT5 expands these capabilities with additional timeframes, advanced analytics, and more order types, making it suitable for multi-asset traders.
cTrader, however, represents TopFX’s technological edge. Designed for institutional execution and high-speed trading, cTrader provides a clean interface, Level II pricing, and transparent order execution. It’s particularly favored by scalpers and professional traders due to its minimal latency and precise depth of market data. The combination of these three platforms ensures that TopFX can cater to all experience levels — from casual traders to algorithmic strategists.
Execution quality across all platforms is robust. TopFX routes orders via its aggregated liquidity pool, eliminating dealing-desk intervention. This structure reduces slippage and enhances transparency. The broker’s technology stack integrates seamlessly with mobile devices, ensuring consistent performance even during volatile sessions such as the Asian and London market overlaps.
For Asian traders, this variety is invaluable. It allows flexibility, cultural adaptability, and the freedom to trade using preferred tools without compromising performance or cost efficiency.
Assets
TopFX provides a diverse range of CFD instruments across Forex, indices, commodities, metals, shares, and cryptocurrencies. Each asset category is integrated within the same platforms, ensuring a unified trading experience. The broker’s asset strategy focuses on liquidity depth, pricing accuracy, and market diversity rather than overwhelming traders with excessive instrument lists.
Available Assets
Below you can see which assets are available for trading with TopFX:
| Asset | Availability |
|---|---|
| Currencies | 66 |
| Real Stocks | ✗ |
| Stock CFDs | ✗ |
| Commodities | ✓ |
| Indices | ✓ |
| Real ETFs | ✗ |
| ETFs CFDs | ✓ |
| Futures | ✗ |
| Options | ✗ |
| Bonds | ✗ |
| Cryptocurrency CFDs | ✓ |
| Real Cryptocurrencies | ✗ |
*Availability of certain assets may vary based on account type, platform, or region.
Forex remains the cornerstone of TopFX’s offering, supported by tight spreads and institutional-grade liquidity. Commodities and metals provide diversification options for macro and inflation-focused strategies, while indices offer exposure to global equity performance. Cryptocurrency CFDs are also available for traders seeking high volatility and 24/7 market access.
TopFX’s vision toward assets is clear: provide a balanced yet professional selection suitable for traders who value both stability and flexibility. For Asian investors, this approach resonates strongly. The broker includes regional market instruments relevant to Asia-Pacific economies while maintaining global exposure. This makes it particularly attractive for traders in Singapore, Malaysia, and Indonesia who seek diversified opportunities under one account.
In short, TopFX’s asset framework emphasizes accessibility, efficiency, and transparency — three elements highly appreciated by the modern Asian trader.
Spreads
TopFX’s spreads are competitive across all account types, designed to accommodate both cost-conscious and performance-driven traders. The Growth account starts from 1.2 pips with no commissions, offering simplicity for those who prefer inclusive pricing. The Zero account delivers spreads as low as 0.0 pips on major pairs, compensated by a small commission per trade. The Pro account, positioned between the two, provides 0.5 pip spreads without commission, combining the best of both models.
Spreads Offered
Below a visual representation of TopFX's spreads across several currency pairs:
*Spreads are variable and may change based on market conditions, account types and trading volumes.
During testing, spreads remained stable even during high-volatility periods such as key economic releases. Execution was consistently fast, with minimal requotes or slippage. The broker’s access to deep liquidity pools ensures competitive bid/ask pricing, an advantage inherited from its institutional roots as a liquidity provider.
For Asian traders, this flexibility in pricing models is highly beneficial. It allows traders to match cost structures to their strategies — for instance, scalpers can benefit from raw spreads in the Zero account, while swing traders may prefer fixed-cost simplicity in the Growth account.
TopFX’s transparent communication of its spread structure further reinforces its credibility. There are no hidden markups, and the pricing data is easily verifiable on the platforms.
In summary, TopFX maintains a fair and transparent pricing environment suitable for both retail and professional trading styles.
Other Trading Costs
Beyond spreads and commissions, TopFX keeps its overall cost structure minimal and transparent. The broker charges no deposit fees and offers swap-free (Islamic) accounts to accommodate traders who follow Sharia-compliant principles. Withdrawal fees are limited and depend on the payment method chosen, while internal transfers between accounts are free.
Swap rates are clearly displayed within the platforms, ensuring that traders can anticipate overnight charges before executing trades. This level of transparency is a sign of professionalism, particularly for those managing long-term or leveraged positions. Additionally, TopFX offers negative balance protection to all retail clients, ensuring they cannot lose more than their deposited capital during volatile events.
There are no inactivity fees for the first 12 months, and even afterward, they remain low compared to industry averages. This policy is advantageous for Asian traders who may trade seasonally or hold positions based on macroeconomic cycles.
Overall, TopFX’s approach to trading costs is trader-friendly and consistent with its philosophy of fairness and accessibility. Costs are easy to understand, well-communicated, and aligned with institutional standards of transparency.
Trading Conditions
TopFX’s trading environment combines institutional liquidity, fast execution, and flexible leverage — offering a professional-grade experience to retail traders. The broker’s infrastructure is built to support ultra-low latency execution, connecting to major liquidity providers and data centers located in London, Amsterdam, and Singapore. This global distribution ensures minimal delay for Asian traders accessing major financial markets.
Leverage is one of TopFX’s strongest features, with maximum ratios up to 1:2000 under the FSA and FSC entities. Such flexibility allows traders to optimize capital allocation, though the broker emphasizes responsible leverage usage. Margin call and stop-out levels are set at 50% and 20% respectively, offering a balanced safety mechanism.
Execution quality is consistent, with most orders filled at requested prices. During our evaluation, we noted excellent platform stability during high-impact events such as FOMC statements and Asian session volatility. This reliability, coupled with advanced order types and risk management tools, creates an optimal environment for both discretionary and algorithmic traders.
TopFX’s trading conditions are robust, versatile, and tailored to accommodate the fast-paced nature of modern markets. Whether trading short-term volatility or long-term trends, traders can rely on TopFX’s technology-driven infrastructure to deliver consistent results.
Is TopFX a good option for Asian traders?
Yes. TopFX is particularly well-suited for Asian traders seeking a globally regulated broker that offers flexibility, security, and top-tier technology. The broker’s multi-regulatory framework, combined with its experience as a liquidity provider, ensures both safety and performance — two key priorities in the Asian trading community.
Its multilingual support, regional payment methods, and adaptability to different cultural preferences enhance accessibility across Asia-Pacific markets. Traders benefit from low spreads, diverse platforms, and high leverage, making TopFX an excellent choice for those looking to balance cost efficiency with professional trading infrastructure.
Educational resources, webinars, and market analysis further strengthen its appeal to traders in developing Asian markets. This commitment to knowledge and transparency distinguishes TopFX from less-established offshore brokers operating in the region.
In summary, TopFX combines European regulation with Asian-friendly flexibility — a rare balance that positions it among the most reliable choices for traders across the continent.
Our Verdict
TopFX represents a mature, well-regulated, and technologically advanced brokerage. Its origins as a liquidity provider grant it a competitive advantage in execution speed, depth of liquidity, and pricing accuracy. The broker’s focus on professionalism, transparency, and trader empowerment makes it stand out in a crowded market.
For Asian traders, TopFX is a top-tier option offering an ideal blend of leverage flexibility, low-cost trading, and regulatory protection. The availability of MT4, MT5, and cTrader provides unmatched versatility, catering to every trading style and experience level.
While its conservative branding might appear understated compared to aggressively marketed competitors, its strength lies precisely in that restraint — a focus on performance and reliability over promotion.
Overall, TopFX delivers on its promise of “Your Partner for Growth” by offering a truly institutional trading experience accessible to all.
Frequently Asked Questions
Is TopFX regulated?
Yes. TopFX is regulated by the FSA (Seychelles), FSC (Mauritius), and CySEC (Cyprus), ensuring global compliance and investor protection.
What platforms does TopFX offer?
TopFX supports MetaTrader 4, MetaTrader 5, and cTrader, allowing traders to choose between traditional interfaces and advanced, high-speed platforms.
Does TopFX charge commissions?
It depends on the account type. The Zero account includes raw spreads with a small commission, while the Growth and Pro accounts offer commission-free trading.
Is TopFX suitable for Muslim traders?
Yes. The broker provides swap-free Islamic accounts that comply with Sharia principles, ideal for traders in Asia and the Middle East.
What is the maximum leverage available?
Under the FSA and FSC entities, leverage goes up to 1:2000. Under CySEC, it is limited to 1:30 in line with EU regulations.
Note: Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. Singapore Forex Club is not responsible for any financial decisions based on this article's contents. Readers may use this data for information and educational purposes only.
