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 comparing ATFX and TopFX, the two brokers have noticeable differences in their approach to commissions and fees. ATFX, with a 3-star rating in this category, lacks detailed average spread information, which might make it harder for traders to estimate their trading costs accurately. This could be a consideration for cost-conscious traders who wish to have a clear understanding of potential expenses.
On the other hand, TopFX, rated 4 stars, offers more transparency with its two distinct account types, both available on MetaTrader and cTrader. The ZERO account is commission-free, catering to those who prefer to avoid extra fees but with a higher average spread of 1.03 pips on the EUR/USD. Alternatively, the RAW account offers a lower spread of 0.33 pips on the same currency pair during July 2024, with a commission of 2.75 EUR per side (5.50 EUR per round turn for a standard lot). This results in an all-in cost of approximately 0.88 pips, aligning well with the industry average.
Considering their ranks by ForexBrokers.com, ATFX stands at the 59th position out of 62 brokers in the Commissions and Fees category, indicating room for improvement in cost-effectiveness and transparency. Meanwhile, TopFX secures the 40th spot, reflecting its competitive stance in offering clearer pricing models and a better balance between spreads and commissions.
| 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.
ATFX and TopFX both cater to traders interested in forex and other derivative products. Both brokers support forex trading via CFDs or spot contracts; however, TopFX offers a more extensive list with 655 tradeable symbols and 60 forex pairs compared to ATFX’s 150 tradeable symbols and 44 forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, limiting direct investments in popular stocks like Apple or Vodafone. Additionally, while they both enable cryptocurrency trading, it's important to note that neither ATFX nor TopFX allows the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives.
In terms of extra features, both ATFX and TopFX offer copy trading. Despite the differences in tradeable options, each platform has been rated 3.5 stars for their range of investments. When evaluated by ForexBrokers.com, ATFX is ranked 57th out of 62 brokers, whereas TopFX stands slightly better at 46th. This comparison highlights that while TopFX offers a broader selection of tradeable instruments, both brokers offer similar core features and have comparable ratings in investment range.
| 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.
When comparing the trading platforms and tools offered by ATFX and TopFX, both brokers provide similar foundational features. Each offers a free virtual demo account for simulated trading, making them accessible for beginners. Neither broker has a proprietary platform but both do support the popular MetaTrader 4 platform, with ATFX also offering MetaTrader 5, providing an additional choice for traders. They both offer a Windows-based desktop platform, as well as a web-based browser platform, giving flexibility for trading from different devices. Additionally, both brokers support copy trading, allowing traders to mimic the operations of successful investors.
Despite these similarities, TopFX has a slight edge in terms of overall rating for Trading Platforms and Tools, receiving 4 stars compared to ATFX's 3.5 stars. Both brokers come equipped with 15 drawing tools for charting and offer the ability to trade directly from stock charts, alongside a watch list with 7 column fields. However, TopFX ranks higher in the ForexBrokers.com category, placed at number 45 out of 62 brokers, while ATFX is at number 61. This could reflect variations in customer satisfaction or additional nuanced features that TopFX provides, contributing to its higher ranking.
| 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.
ATFX and TopFX both offer mobile trading apps that are available on iPhone and Android devices, ensuring that traders can manage transactions conveniently on the go. Both apps feature essential tools like the ability to draw trendlines and view multiple time frames on forex or stock charts, as well as providing stock and forex price alerts. However, it is important to note that neither platform offers the syncing feature for watchlists, meaning changes made on mobile do not automatically update the client's online account.
While both platforms support real-time quote watchlists, TopFX distinguishes itself by offering 30 technical studies for charting, compared to ATFX's seven. Auto-saving of chart drawings is available on both apps, making it easy to preserve your analyses. In terms of user satisfaction, ATFX's mobile app scores a 3.5 out of 5 stars, securing the 62nd rank in ForexBrokers.com's rankings out of 62 assessed brokers. TopFX performs slightly better with a 4-star rating and holds the 51st position, highlighting its relative strength in the mobile trading app arena.
| 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 capabilities, ATFX stands out with daily market commentary that supports active traders, something TopFX does not provide. However, TopFX excels in offering forex news from top-tier sources like Bloomberg and Reuters, which can be critical for those seeking timely, high-quality news feeds, a feature that ATFX lacks. Both brokers provide users with advanced tools such as Autochartist and Trading Central, which enable sophisticated technical and fundamental analysis. While each offers an economic calendar to keep traders informed about global events, only TopFX has a sentiment-based trading tool to allow an understanding of market emotions and trends, unlike ATFX.
Looking at their ratings, both brokers share a 3-star rating for research, though they rank differently according to ForexBrokers.com. ATFX sits at #54 among 62 brokers for research capabilities, while TopFX is slightly lower at #59. Neither broker provides research tools from Acuity Trading nor content from TipRanks, making these areas equal for both. Overall, choosing between ATFX and TopFX depends on specific trader needs, whether it's For ATFX's regular market commentary or TopFX's premium news sources and sentiment tools.
| 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 educational resources for beginners, ATFX stands out compared to TopFX. ATFX offers a comprehensive range of over 10 educational pieces focused on forex or CFDs, catering significantly to newcomers. Additionally, they provide a searchable archive of previously recorded client webinars, which allows users to revisit valuable insights at their convenience. In contrast, TopFX doesn't meet the benchmark when it comes to forex or CFDs education, nor do they offer access to archived webinars, making ATFX the more favorable option for those new to online trading.
ATFX further supports beginners with more than 10 educational videos tailored specifically to their starting journey, alongside an investor dictionary packed with over 50 investing terms to enhance their understanding of the market. Unfortunately, TopFX doesn't provide these resources, which could leave newcomers at a disadvantage. Both brokers share a similar education rating of 3 out of 5 stars, but ATFX holds the upper hand with a higher ranking of 28 out of 62 brokers by ForexBrokers.com in the Education category, compared to TopFX's ranking of 60. This positions ATFX as a more educational-friendly choice for those beginning in the trading arena.
| 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 62 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 #61.
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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