Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen, established in 2003, boasts a solid reputation in the online brokerage landscape with a ForexBrokers.com Trust Score of 76, indicating an average risk level. Although not publicly traded or a bank, FXOpen holds two Tier-1 licenses, which signifies a high level of trust in regulatory terms. These licenses assure clients of a more secure environment for trading activities, aligning with the broker's commitment to maintaining transparency and reliability.
Founded in 2010, TopFX achieves a ForexBrokers.com Trust Score of 67, placing it in the high-risk category. While it shares similarities with FXOpen in not being publicly traded or functioning as a bank, TopFX holds one Tier-1 license. This demonstrates a significant yet lesser degree of trusted regulatory oversight in comparison to FXOpen. Both brokers offer unique experiences, but FXOpen's additional Tier-1 license provides potential customers with an added layer of confidence in their trading journey.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Year Founded | 2003 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FXOpen and TopFX both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s 2024 ranking of 63 brokers, FXOpen is placed #45 while TopFX is #41. FXOpen’s average spread data isn’t available, which makes direct cost comparisons harder.
TopFX discloses clear pricing across two account types on MetaTrader and cTrader. The commission-based RAW account charges 2.75 EUR per side (5.50 EUR per round turn per standard lot). In July 2024, the EUR/USD averaged 0.33 pips on RAW; when adding the commission equivalent of 0.55 pips per round turn, the all-in cost came to about 0.88 pips—around the industry average. The ZERO account is commission-free but carried higher average spreads of 1.03 pips on EUR/USD in July 2024. The minimum deposit varies by payment method.
Bottom line: both brokers are rated 4 stars, but TopFX (ranked #41/63) edges FXOpen (#45/63) on transparency thanks to published spreads and commissions. If you prefer a commission-free setup, TopFX’s ZERO account is straightforward; if you want lower raw spreads and don’t mind a per-trade fee, the RAW account offers clear per-side pricing. FXOpen’s lack of average spread figures means you may need to check live quotes to gauge real trading costs.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | 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 [DELETED] | ||
| Non-wire bank transfer | 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.
FXOpen and TopFX both support forex trading through CFDs or spot contracts, and both offer copy trading. However, TopFX delivers a much wider selection of instruments, with 655 tradeable symbols and 60 forex pairs, compared with FXOpen’s 87 symbols and 25 forex pairs. Neither broker lets you buy exchange-traded stocks on U.S. or international exchanges.
For crypto, neither broker supports buying actual coins, but both provide access to crypto derivatives. In independent assessments of range of investments, TopFX earns 3.5 stars and ranks 47th out of 63 brokers, while FXOpen scores 3 stars and ranks 63rd. If you want the broader lineup, TopFX has the edge; FXOpen may suit traders who only need a smaller set of markets along with copy trading and crypto derivatives.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 655 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
FXOpen and TopFX both check key boxes for trading platforms and tools: each offers a free demo account, Windows desktop and web-based platforms, and no proprietary platform (they rely on MetaTrader). Both brokers support copy trading and let you place trades directly from charts. MetaTrader 4 (MT4) is available at both brokers, giving traders familiar charting and order features across desktop and browser.
The main split is MetaTrader 5 (MT5): FXOpen offers MT5, while TopFX does not. Details such as exact counts of indicators, drawing tools, watchlist fields, or third‑party integrations like DupliTrade or ZuluTrade aren’t specified here. In independent evaluations of Trading Platforms and Tools, both earned 4 stars; however, TopFX ranks #46 out of 63 brokers, ahead of FXOpen at #54 on ForexBrokers.com. If you want MT5 support, FXOpen is the pick; if MT5 isn’t essential, TopFX’s platform lineup competes closely.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXOpen and TopFX both offer iPhone and Android mobile trading apps with the core features most traders want. You’ll get price alerts, real-time watchlists, 30 technical indicators for charting, trendline drawing, and multiple time frames for viewing forex or stock charts. One limitation to note: neither broker syncs watchlists between the mobile app and your online account, so changes made in one place won’t appear in the other.
The key difference is chart annotations. TopFX auto-saves your drawings, while FXOpen does not—handy if you mark up charts frequently. Both earn 4 out of 5 stars for mobile trading apps, but TopFX sits slightly higher in ForexBrokers.com’s rankings (#52 of 63) than FXOpen (#55 of 63). If saving chart markups matters to you, TopFX is the better fit; otherwise, both apps provide similar on-the-go trading features.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXOpen and TopFX both cover the basics of market research: each delivers forex news from well-known sources like Bloomberg, Reuters, or Dow Jones, and both include an economic calendar for tracking key events. FXOpen stands out for publishing daily market commentary, while TopFX does not. Despite sharing a 3-star Research rating from ForexBrokers.com, TopFX holds a higher category ranking (#61) than FXOpen (#64).
When it comes to research tools, TopFX offers more. It includes Autochartist and Trading Central for technical and fundamental insights, plus a sentiment tool that shows the ratio of long vs. short positions across instruments. FXOpen does not provide these specific tools. If you want automated pattern scanning, trade ideas, and crowd sentiment, TopFX is the better fit; if daily in-house commentary matters most, FXOpen has the edge.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXOpen vs TopFX for beginner education: Both brokers earn 3 out of 5 stars for Education. FXOpen ranks 59th out of 63 brokers on ForexBrokers.com, slightly ahead of TopFX at 62nd. Neither broker runs monthly educational webinars, and neither offers at least 10 beginner-focused videos or at least 10 advanced videos. If you’re looking for frequent live sessions or a large video library, both will likely fall short.
It isn’t specified whether either broker clears the bar of 10 total forex/CFD education pieces, maintains a searchable archive of past webinars, or provides an investor dictionary with 50+ terms. For beginners choosing between the two, FXOpen holds a small edge in the rankings, but overall learning options appear limited. You may want to supplement with outside courses or consider a broker that offers regular webinars and a broader catalog of video lessons.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | No | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXOpen is better than TopFX. FXOpen finished with an overall rank of #54, while TopFX finished with an overall rank of #62.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 67 |
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Both FXOpen and TopFX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
While both FXOpen and TopFX provide options for deposits and withdrawals via Skrill, Visa/Mastercard, and bank wires, only TopFX includes PayPal as a funding method, whereas neither broker 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 | FXOpen | TopFX | |
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| Trust Score | 76 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | FXOpen | TopFX | |
|---|---|---|---|
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| Regulation | FXOpen | TopFX | |
|---|---|---|---|
| Trust Score | 76 | 67 | |
| Year Founded | 2003 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | FXOpen | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXOpen | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 655 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | 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 [DELETED] | |||
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | 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 | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FXOpen | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading 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 [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | FXOpen | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXOpen | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | |||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | No | No | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | FXOpen | 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 | FXOpen | TopFX | |
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| Trust Score | 76 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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