TopFX Review
TopFX is a global brokerage platform famous for liquidity solutions in service since 2010. With the help of this broker, traders and investment firms are earning profits by investing in hundreds of different assets in various markets such as Forex, Indices, Shares, and Commodities. In this TopFX review, we will try to figure out the features which are the reason behind its success.
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Safety And Legitimacy
The firm keeps the funds of its clients in secured accounts and all the security policies are strictly implemented. The policies include KYC, AML, and Risk Management policy.
This Cyprus-based platform is completely reliable and legit. Its services are available in all major countries of the world but its privacy policy sometimes varies according to the regulations of the clients’ residence country.
Account Types
TopFX platform has two account types in its store for traders. Both these accounts provide marvelous features with very low spreads. So it is entirely traders’ choice or liking which account they prefer. The first account is named Raw Account while the other is known as Zero Account.
The Raw account holders are charged 2.75 dollars per lot. This account is suitable for those traders who prefer to pay a raw price feed and pay commissions separately.
In the Zero account of TopFX, traders receive the lowest all-inclusive spreads in the highly efficient trading environment. These accounts are entitled to ultra-fast trades’ execution.
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Leverage And Spreads
Leverage is a productive tool through which traders are enabled to trade large amounts of money because this feature magnifies the initial balance. In other words, it provides greater exposure to different markets with minimum investment. Currently, TopFX is providing 1:30 leverage to its customers which mean that for every 1 dollar, they can trade up to thirty dollars.
Now, let’s come toward the spreads offered by this broker which are very tight but different for Forex, Indices, and Commodities trading. You can trade almost 100 currency pairs on this platform and the spreads start from zero pips in Raw Account while 0.5 pips in Zero Account.
Now coming towards Indices, you can trade 14 global Indices at this platform with 0.4 pips spread and a $2.75 commission per lot. For commodities, you can trade CFDs on gold and oil with extremely tight spreads. You would be required to pay only 3 pips in both of the offered accounts.
Deposits And Withdraws
Crediting the account is a compulsory step for every trader to be able to trade. Trading is the process of buying things and then selling them at a higher price. If you don’t have money, you cannot buy anything in the first place. You can top up your TopFX account through different methods such as wire transfers, credit cards, and online payment apps. You will be happy to know that this platform hasn’t set an initial deposit limit so you can start your career with any random amount.
The payment methods available for deposits are also available for withdrawals. Only a minimal percentage is charged as a withdrawal fee and the withdrawals are approved within 24 hours.
Trading Platform
The platform of TopFX is based on MetaTrader 4. It is a highly intuitive, customizable, and automated platform that provides dozens of features and trading tools. Some of the most prominent features of this platform include interactive charting, various timeframes, indicators, and expert advisors. Single click trades execution is also enabled.
A Mobile version of this trading platform is also available to make the trading process further easier for its clients. All the features of its main platform are also available on the mobile trading platform. Mobile apps are available for Android and iOS devices on their respective platforms.
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Conclusion
TopFX is a reliable and transparent brokerage platform where you can trade multiple trading instruments. It offers flexibility in its conditions and spreads and leverage are the additional plus points of this marvelous broker.
