Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com and TopFX are both established online brokers offering trading services, yet they differ significantly in terms of trust and regulatory standing. Established in 1999, FOREX.com boasts a strong reputation with a Trust Score of 99 out of 99 as rated by ForexBrokers.com, categorizing it as highly trusted. It holds seven Tier-1 licenses and one Tier-2 license, reassuring traders of its credibility. Furthermore, FOREX.com is a publicly traded company, adding a layer of transparency that can appeal to investors.
On the other hand, TopFX entered the market in 2010 and carries a Trust Score of 67, placing it in the high-risk category according to ForexBrokers.com. While it holds one Tier-1 license, it lacks Tier-2 licenses, which may raise concerns for some traders. Unlike FOREX.com, TopFX is not publicly traded, which might affect potential investors seeking a certain level of corporate governance. Despite these differences, both brokers continue to operate successfully without being banks.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com provides several account options tailored to different trading needs, although its commission and fees slightly exceed the industry average, particularly for traders in the U.S. The Standard account, suitable for MetaTrader clients, offers an average spread of 1.4 on EUR/USD. In contrast, the RAW account delivers more competitive spreads averaging 0.13 pips but incurs a commission charge of $7 per standard lot and offers volume-based rebates. For high-volume traders—those trading more than $50 million monthly—the financial benefit of reduced total costs is appealing. FOREX.com earns a commendable rating of 4.5 stars and ranks #13 out of 63 brokers for commissions and fees by ForexBrokers.com.
TopFX, on the other hand, offers a straightforward approach with its ZERO and RAW accounts, both accessible via MetaTrader and cTrader. The ZERO account is commission-free but has higher average spreads at 1.03 pips for EUR/USD trades. Meanwhile, the RAW account features a commission rate of 2.75 EUR per side, resulting in a total commission equivalent of 0.55 pips per round turn. Combined with an average spread of 0.33 pips, this brings the total cost to approximately 0.88 pips, aligning with the industry average. TopFX receives a 4-star rating and holds the #40 position in the Commissions and Fees category, according to ForexBrokers.com.
In summary, while FOREX.com positions itself as a potentially pricier yet flexible choice for traders, particularly those outside the U.S., TopFX presents a balanced cost structure that aligns closely with industry norms. Depending on your trading volume and platform preference, both brokers offer distinct advantages that cater to different trading strategies and needs.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.4 | 1.03 |
| All-in Cost EUR/USD - Active | 0.9 | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of FOREX.com and TopFX, it is clear that both brokers provide opportunities for forex trading as CFDs or spot contracts. However, FOREX.com stands out with a superior range of tradable symbols, offering a substantial 5,500 compared to TopFX's 655. Additionally, FOREX.com provides access to 80 forex pairs, surpassing TopFX, which offers 60 pairs. While neither platform supports trading in U.S. or international exchange-traded securities directly, both brokers facilitate trading in cryptocurrency derivatives.
Despite these differences, TopFX distinguishes itself with the availability of copy trading, a feature not offered by FOREX.com. Nonetheless, FOREX.com achieves a higher rating for the range of investments, with a 5-star review compared to TopFX's 3.5 stars, and is ranked significantly higher by ForexBrokers.com, securing the 7th position out of 63 brokers, whereas TopFX holds the 46th spot. Therefore, for those prioritizing a broad range of investment options, FOREX.com is the more advantageous choice.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 655 |
| Forex Pairs (Total) | 80 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 FOREX.com and TopFX, both brokers offer free virtual demo accounts that allow traders to practice their skills without financial risk. However, their trading platforms have key differences. FOREX.com provides a proprietary platform crafted in-house, while TopFX relies on existing third-party platforms. Both brokers offer Windows-based and web-based platforms, but only TopFX supports copy trading, a feature not available on FOREX.com.
In terms of features, both brokers support MetaTrader 4, but FOREX.com also includes MetaTrader 5, providing a more diverse range of tools. When it comes to charting, FOREX.com offers an impressive 239 drawing tools, far more than the 15 available with TopFX. Moreover, FOREX.com allows deeper customization with watch lists offering 20 fields compared to TopFX's 7. In third-party rankings, FOREX.com shines with a 5-star rating and is ranked 7th out of 63 brokers, while TopFX holds a 4-star rating and ranks at 45th.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and TopFX offer mobile trading apps for iPhone and Android users, ensuring that you can trade on the go regardless of your device preference. Both platforms provide useful features like stock or forex price alerts, trendline drawing capabilities, and the ability to view multiple time frames on charts, catering to traders who value detailed analysis. However, when it comes to syncing watchlist symbols between mobile and online accounts, FOREX.com has the edge as it supports this feature, while TopFX does not.
In terms of technical analysis capabilities, FOREX.com stands out with 88 technical studies available on its app, compared to TopFX's 30. Both apps allow users to create watchlists with real-time quotes, and they both auto-save drawings on charts. FOREX.com receives a high praise with a five-star rating for its mobile app, ranking third out of 63 brokers, whereas TopFX, although respectable with four stars, ranks 51st. For traders who prioritize extensive charting tools and seamless watchlist syncing, FOREX.com clearly offers a more comprehensive mobile trading experience.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 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 choosing between FOREX.com and TopFX for market research, you'll find that each has unique offerings. FOREX.com excels with daily market commentary and provides forex news from top-tier sources like Bloomberg and Reuters. While TopFX does not offer daily commentary, it matches FOREX.com in providing news from similar reputable sources. Both brokers feature popular technical analysis tools from Trading Central and sentiment-based trading tools. However, TopFX stands out with additional research tools from Autochartist, while FOREX.com does not provide these or market research from TipRanks and Acuity Trading like Signal Centre. Importantly, both platforms offer an economic calendar to keep you informed on vital global economic events.
Overall, FOREX.com is rated higher for its research capabilities, earning 4.5 stars compared to TopFX’s 3 stars. In the ForexBrokers.com ranking, FOREX.com is impressively positioned at #9 out of 63 brokers, showcasing its superior research offerings. On the other hand, TopFX ranks at #60, indicating a more limited market research experience. These comparisons highlight FOREX.com's strength in providing comprehensive market insights, making it a more favorable choice for traders focused on in-depth analysis and commentary.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com stands out compared to TopFX. FOREX.com offers a comprehensive range of materials for those new to trading. These include over 10 educational pieces such as articles and videos focused on forex and CFDs. Additionally, FOREX.com hosts monthly educational webinars that are available live and in a searchable archive for later viewing. To further support learners, they provide at least 10 videos dedicated to beginner topics and even include courses tailored to advanced traders. Users can benefit from a detailed investor dictionary with more than 50 terms, making it easier to understand complex trading concepts.
In contrast, TopFX falls short in providing the same level of educational support. The broker lacks the minimum of 10 educational pieces dedicated to forex or CFDs and does not hold monthly webinars or offer an archive of previous webinars like FOREX.com. Beginner and advanced traders may find limited resources at TopFX, as they do not offer the same quantity of educational videos or a comprehensive investor dictionary. When comparing ratings, FOREX.com receives an impressive 4.5 stars for educational offerings, ranking 4th out of 63 brokers according to ForexBrokers.com. Meanwhile, TopFX is rated with 3 stars, landing at 61st place, highlighting a noticeable gap in educational support between the two brokers.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 FOREX.com is better than TopFX. FOREX.com finished with an overall rank of #5, while TopFX finished with an overall rank of #62.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 67 |
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Both FOREX.com and TopFX do not offer the ability to buy actual delivered cryptocurrency but do offer the ability to buy cryptocurrency derivatives.
When comparing online brokers FOREX.com and TopFX, FOREX.com supports a wider range of deposit and withdrawal methods, including ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, whereas TopFX provides PayPal, Skrill, Visa, Mastercard, and bank wires, but lacks ACH and SEPA options.
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 | FOREX.com | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TopFX Review |
| Broker Screenshots | FOREX.com | TopFX | |
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| Regulation | FOREX.com | TopFX | |
|---|---|---|---|
| Trust Score | 99 | 67 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FOREX.com | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 655 | |
| Forex Pairs (Total) | 80 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 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 | FOREX.com | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FOREX.com | 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 | FOREX.com Review | TopFX Review |
| Overall | FOREX.com | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TopFX Review |
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