Written by ForexBrokers.com
In this head to head comparison of ATFX vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ATFX and TopFX are both online brokers that operate without being publicly traded or affiliated with banks. ATFX, established in 2017, holds a significant edge in regulatory compliance, boasting four highly trusted Tier-1 licenses and two trusted Tier-2 licenses. This regulatory strength contributes to ATFX's Trust Score of 85, placing it firmly in the "trusted" category according to ForexBrokers.com.
In contrast, TopFX, which began operations in 2010, holds one Tier-1 license and lacks any Tier-2 licenses. Its Trust Score stands at 67, categorizing it under "high risk." While both brokers are not linked to major banks or listed on stock exchanges, their distinct regulatory standings highlight ATFX as a more reliable choice for safety-conscious investors.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Year Founded | 2017 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When considering the commissions and fees for ATFX, it's important to note that specific average spread data is not available. ATFX has received a 3-star rating in this category, and it ranks 60th out of 63 brokers according to ForexBrokers.com. This suggests that while it’s a viable option, it may not be the most competitive in terms of overall cost efficiency in this aspect.
In contrast, TopFX presents a more detailed fee structure with two main account types. The ZERO account operates on a spread-only basis with average spreads of 1.03 pips on the EUR/USD for July 2024 and is commission-free. The RAW account, however, includes a commission charge of 2.75 EUR per side, totaling 5.50 EUR per standard lot round turn, with average spreads of 0.33 pips. The all-in cost is about 0.88 pips, aligning with the industry standard. TopFX holds a 4-star rating for its commission and fee structure and is ranked 40th among 63 brokers, indicating a more competitive position.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Minimum Deposit | $500 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When examining the range of investments between ATFX and TopFX, both brokers offer forex trading through CFDs or spot contracts. However, there's a noticeable difference in the number of tradeable symbols, with ATFX providing access to 150 symbols and TopFX offering a more extensive selection of 655 symbols. In terms of forex pairs, ATFX supplies 44 options, while TopFX again comes out ahead with 60 pairs. Yet, when it comes to buying actual exchange-traded securities on either U.S. or international exchanges, neither ATFX nor TopFX provides these options. Both brokers do, however, facilitate cryptocurrency derivatives, but not the purchase of actual cryptocurrencies.
Additionally, both ATFX and TopFX support copy trading, appealing to investors seeking to mirror successful traders. Despite these offerings, the brokers share a similar rating of 3.5 stars for their range of investments. Yet, their rankings differ, with ATFX positioned at #57 and TopFX at #46 out of 63 brokers according to ForexBrokers.com. This comparison suggests that while both have distinct advantages, TopFX may offer a broader range of investment opportunities to its clients. Nonetheless, those interested in a variety of assets and modern trading features might find either broker suitable depending on specific trading needs and preferences.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 655 |
| Forex Pairs (Total) | 44 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Comparing ATFX and TopFX in terms of trading platforms and tools, both brokers offer a range of features catering to different trading needs. For those interested in trying out strategies without financial risk, both brokers provide free virtual demo accounts. While neither offers a proprietary platform, both deliver recognized options with MetaTrader 4 and web-based trading platforms. However, only ATFX includes MetaTrader 5 for those in need of advanced trading tools. Additionally, both brokers offer Windows-based desktop platforms and the option for copy trading, though neither supports services like DupliTrade or ZuluTrade. Charting capabilities are similar with 15 drawing tools available, and both facilitate direct trading from stock charts.
In watch list customization, both ATFX and TopFX provide up to seven columns for organizing information. Though the offerings are quite similar, user reviews and rankings provide some differentiation. ATFX is rated 3.5 stars, while TopFX takes a slight lead with a 4-star rating for their platforms and tools. According to ForexBrokers.com, ATFX ranks toward the lower end at #62 out of 63 brokers, in contrast to TopFX's more favorable #45 ranking. For traders prioritizing platform performance and user satisfaction, these review scores and rankings can be significant factors in choosing the right broker.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of ATFX and TopFX, both brokers offer apps for iPhone and Android, ensuring that traders can access the platforms on popular mobile devices. They both provide essential features like price alerts for stocks and forex, the ability to draw trendlines on charts, and options to view multiple time frames such as daily, weekly, or intraday. However, a distinction arises in the charting tools offered by each. While ATFX supplies users with 7 technical studies, TopFX provides a more comprehensive selection of 30, which could be an advantage for traders relying on detailed analysis. Furthermore, both apps support auto-saving of chart drawings and allow users to create watchlists with real-time quotes. Yet, neither broker offers watchlist symbol syncing, meaning changes made on a mobile app won't reflect on a user's online account and vice versa.
In terms of user ratings and rankings, TopFX edges out ATFX with a 4-star rating for its mobile trading app compared to ATFX's 3.5 stars. Additionally, in a comparison by ForexBrokers.com among 63 brokers, TopFX positions itself at number 51, outperforming ATFX, which ranks last at number 63. These ratings suggest that TopFX may offer a slightly more refined mobile trading experience. For traders, especially those emphasizing a broader range of technical studies and ranking considerations, TopFX could be the more enticing option. However, both platforms deliver fundamental trading functionalities that cater to the needs of traders on the go.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 7 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing ATFX and TopFX for market research offerings, ATFX provides daily market commentary, a feature not available with TopFX. However, TopFX outshines in forex news provision, sourcing updates from leading services like Bloomberg and Reuters, a service ATFX does not provide. Both brokers deliver technical analysis tools from Autochartist and Trading Central, helping traders with in-depth market insights. While TopFX offers a sentiment-based trading tool showing position ratios across various instruments, ATFX does not include such a feature. Additionally, neither broker provides market research or tools from TipRanks or Acuity Trading, but both maintain an economic calendar highlighting significant global news events which could impact trading.
In terms of research excellence, both ATFX and TopFX receive a commendable rating of 3 out of 5 stars. This reflects the value they bring to traders seeking technical analysis and economic information. Despite this, when ranked by ForexBrokers.com, ATFX holds the 54th position, leading ahead of TopFX, which is positioned at 60th out of 63 competitors. Whether you prioritize daily commentary or top-tier forex news, both brokers offer distinct advantages that cater to different trader needs.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners, ATFX takes a clear lead over TopFX. ATFX offers a variety of educational materials, including over 10 articles and videos focused on forex and CFDs, catering specifically to new traders. They also provide a searchable archive of past webinars and have a collection of more than 10 beginner-focused videos, making it easier for newcomers to get started in trading. Furthermore, ATFX supports its educational efforts with an investor dictionary, which defines over 50 investing terms, helping clients build their trading vocabulary.
On the other hand, TopFX falls short in several areas when compared to ATFX. It doesn't meet the minimum of providing 10 educational pieces or beginner-focused videos. TopFX lacks a searchable archive of past webinars and doesn't offer an investor dictionary, which can be valuable resources for beginners seeking to deepen their understanding of trading concepts. Despite both brokers having equal star ratings of 3 out of 5 for education, ATFX achieves a higher overall ranking at #28, while TopFX is placed at #61 out of 63 brokers according to ForexBrokers.com.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that ATFX is better than TopFX. ATFX finished with an overall rank of #51, while TopFX finished with an overall rank of #62.
ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms.
| Feature |
ATFX
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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ATFX and TopFX both provide the option to trade cryptocurrency derivatives, but neither platform allows for the purchase of actual delivered cryptocurrencies.
While both ATFX and TopFX provide Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing funds, TopFX uniquely offers PayPal transactions, whereas neither platform supports ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | ATFX | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | ATFX | TopFX | |
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| Regulation | ATFX | TopFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2017 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | ATFX | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ATFX | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ATFX | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 655 | |
| Forex Pairs (Total) | 44 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | ATFX | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ATFX | TopFX | |
|---|---|---|---|
| Minimum Deposit | $500 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ATFX | TopFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ATFX | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ATFX | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 7 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ATFX | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ATFX | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | ATFX | TopFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TopFX Review |
| Overall | ATFX | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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