topfx.com Scam Check: 100/100 Trust | ScamMinder

This website appears legitimate based on AI analysis.

TopFX is a financial services company that offers online trading in various financial instruments, including forex, indices, shares, metals, energies, and ETFs. The company has been in operation since 2010 and is based in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11. TopFX provides a range of trading accounts, including a premium account with features such as low spreads, leverage up to 1:30, and the choice of trading platforms like cTrader or MetaTrader 4 (MT4). The website emphasizes the availability of over 60 currency pairs with competitive spreads, commission-free trading on over 500 share CFDs, and the ability to trade commodities like gold, silver, platinum, palladium, and energy products. The company's website also highlights its liquidity solutions for brokers and investment firms, indicating that it has been providing these services since 2010. It provides contact information, including business and registered addresses in Cyprus, as well as a phone number and email for customer support. Risk Warning and Regulatory Information: It's important to note that TopFX includes a risk warning on its website, stating that trading CFDs (Contracts for Difference) is a high-risk activity and can result in the loss of invested capital. The risk warning specifically mentions that 72.66% of retail investor accounts lose money when trading CFDs with this provider. This is a standard practice in the financial industry to inform potential clients about the risks involved in trading. The website also provides regulatory information, including its registration as a Cyprus Investment Firm (CIF) under the laws of the Republic of Cyprus. It lists its registration number (HE 274180) and its authorization and regulation by CySEC under license number 138/11. This information is important for potential clients to verify the legitimacy and regulatory compliance of the company. Global Operations and Regulatory Compliance: In addition to its operations in Cyprus, the website mentions that it is operated by TopFX Global Ltd, an entity regulated by the Financial Services Authority (FSA) of Seychelles. It clarifies that this entity is not established in the European Union and is not regulated by an EU national competent authority. This information is relevant for clients outside the EU who may be considering trading with TopFX. The website also includes a message for users, asking them to confirm that they understand and accept the risks associated with trading with a non-EU entity. This is part of the company's efforts to ensure that clients are aware of the regulatory differences and potential implications of trading with its non-EU entity. Trading Platforms and Account Opening Process: TopFX offers two popular trading platforms, cTrader and MetaTrader 4 (MT4), for clients to choose from. These platforms are widely used in the industry and are known for their features and user-friendly interfaces. The website provides information about the features of each platform, including their suitability for both beginner and experienced traders. The process for opening a live trading account is outlined on the website, including the steps to fill in a registration form, upload proof of identity and residence, and fund the account. This transparency about the account opening process is important for potential clients to understand the requirements and procedures involved. Risk Disclosure and Legal Information: TopFX includes a section on its website dedicated to legal and risk disclosure information. This section likely contains important documents and policies related to trading with the company, including terms and conditions, risk disclosure statements, and other legal agreements. Providing this information is a standard practice in the financial industry to ensure transparency and compliance with regulatory requirements. Cookies and Privacy Policy: The website includes a notice about the use of cookies and provides options for users to customize their cookie preferences. This is in line with data privacy regulations, such as the General Data Protection Regulation (GDPR), which require websites to inform users about the use of cookies and provide choices for managing their preferences. Overall, based on the information available on the TopFX website, the company appears to be a legitimate financial services provider offering online trading in various financial instruments. It emphasizes regulatory compliance, risk disclosure, and transparency about its operations and services. However, as with any financial decision, individuals should conduct their own research and, if considering trading with TopFX, carefully review all relevant information, including the risk warnings and regulatory details provided on the website."

• Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11. Offers a range of trading accounts, including a premium account with features such as low spreads, leverage up to 1:30, and the choice of trading platforms like cTrader or MetaTrader 4 (MT4). Emphasizes the availability of over 60 currency pairs with competitive spreads, commission-free trading on over 500 share CFDs, and the ability to trade commodities like gold, silver, platinum, palladium, and energy products. Provides liquidity solutions for brokers and investment firms, indicating that it has been providing these services since 2010. Includes a risk warning on its website, stating that trading CFDs (Contracts for Difference) is a high-risk activity and can result in the loss of invested capital. Provides regulatory information, including its registration as a Cyprus Investment Firm (CIF) under the laws of the Republic of Cyprus. Lists its registration number (HE 274180) and its authorization and regulation by CySEC under license number 138/11. Operated by TopFX Global Ltd, an entity regulated by the Financial Services Authority (FSA) of Seychelles. Includes a message for users, asking them to confirm that they understand and accept the risks associated with trading with a non-EU entity. Offers two popular trading platforms, cTrader and MetaTrader 4 (MT4), for clients to choose from. Provides information about the features of each platform, including their suitability for both beginner and experienced traders. Outlines the process for opening a live trading account, including the steps to fill in a registration form, upload proof of identity and residence, and fund the account. Includes a section on its website dedicated to legal and risk disclosure information. Likely contains important documents and policies related to trading with the company, including terms and conditions, risk disclosure statements, and other legal agreements. Includes a notice about the use of cookies and provides options for users to customize their cookie preferences. This is in line with data privacy regulations, such as the General Data Protection Regulation (GDPR), which require websites to inform users about the use of cookies and provide choices for managing their preferences.