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Score

0123456789
.
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/10

TopForex

Cyprus|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://topforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

TOPFOREX-Live

United Kingdom
MT5
1

Influence

D

Influence index NO.1

Kenya 2.51

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
TOPFOREX-Live MT5
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

Kenya 2.51

Surpassed 53.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25349815
info@topforex.com
https://topforex.com/
46 Ayiou Athanasiou, Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
TopForex
Proton Markets
RCPro

Contact number

English

+357 25349815

Broker Information

More

Company Name

Goldenburg group Ltd

Company Abbreviation

TopForex

Platform registered country and region

Cyprus

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 242/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

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TopForex · Company Summary

General Information

TopForex was founded in Cyprus since 2014. It presents itself as a registered trademark of Goldenburg Group Limited, a Cypriot investment firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission. It also claims that it is Cypriot forex and CFD broker, offering various trading instruments with variable leverage and spreads on new version of MetaTrader5, as well as comprehensive investment services.

Market Instruments

TopForex advertises that it mainly offers five different classes of tradable instruments, including commodities, forex, indices, shares and shares CFD.

Account Types

There are a single type of live trading account offered by TopForex, apart from demo accounts, namely the Standard account with the minimum initial deposit of $100.

Leverage

Different tradable instruments are quipped with different maximum leverage ratios. For instance, commodities generally enjoy the leverage up to 1:10, forex with 1:20, shares with 1:1 and shares CFD with 1:5. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are significantly affected by what type of trading assets you are holding. For example, the typical spread for AUD/USD currency pair is 4 pips. As for commissions, shares usually requires 1% commission fee and shares CFD requires 0.2%.

Trading Platform Available

When it comes to trading platforms available,TopForex gives traders a choice: new version of MetaTrader5. The MT5 is available both for desktop and mobile devices. Desktop devices are compatible with windows and apple operating systems, while mobile devices are suitable for Android and apple. The MT5 is equipped with all features of the popular MetaTrader4 platform, suitable for beginner, experienced trader as well. TopForex claims that you can enjoy the maximum flexibility and the choice of strategies and steps that only fit you on the MT5.

Deposit & Withdrawal

TopForex accepts deposit via Transfer and Credit Card, and withdrawal with Wire Transfer. The minimum deposit is $250 for Transfer and $100 for Credit Card, and the maximum deposit amount is unlimited for Transfer and $10,000 for Credit Card. Please note that this broker claims to charge 0 deposits or withdrawals.

Customer Support

TopForexs customer support can be reached through telephone: +35725030576, fax: +35724030076, email: info@topforex.com. Besides, you can also follow this broker on some well-known social media platforms such as Facebook, Twitter, Instagram, LinkedIn and YouTube. Company address: 1 Siafi Street Porto Bello BLD, 3042 Limassol Cyprus.

User Reviews

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4

Comments

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FX1291901917
more than one year
As a new investor here just got registered not up to a week. I made a deposit since morning and it's not reflecting on my dashboard yet. I wish they could answer me after seeing this review, since no replies through emails…
2023-03-01 10:31
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0
0
FX1043133969
more than one year
I am pleased with their customer support service. And I can say that they have offered the best customer support service that I haven’t experienced before. Thanks a lot for their good work and I sincerely hope that they can be better and better.
2022-11-24 16:30
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0
0
声色犬王
more than one year
This platform does offer some educational resources… yet its trading conditions just too average… high fees, swaps, maintenance fees, management fees, etc. Hmmm, you guess what? it would never be my ideal choices. Its customer support is also terrible, I was wondering what the meaning of this kind of broker is, purely robbing your money?
2022-11-24 11:54
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0
0
阿光
more than one year
I have been using topforex for about a year now, so I feel qualified to say a few words here. This is a company with excellent ratings and can give me a good trading experience. Currently, I have experienced some slippage, but there are both positives and negatives, so I think it's normal.
2022-11-21 09:48
Reply
0
0
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