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FXCM vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FXCM vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

FXCM, founded in 1999, stands as a highly trusted player in the online trading scene with a Trust Score of 95 out of 99, according to ForexBrokers.com. This score reflects their strong regulatory framework, including 4 Tier-1 licenses, which are the most trusted. Additionally, FXCM is publicly traded, adding more assurance regarding its transparency and accountability. Although not a bank, FXCM’s regulatory credentials make it a notable choice for aspiring traders seeking a secure platform.

In contrast, TopFX was established in 2010 and holds a Trust Score of 67, which indicates a higher risk profile as per ForexBrokers.com ratings. TopFX possesses 1 Tier-1 license, reflecting some commitment to regulatory oversight, yet lacks any Tier-2 licenses. Unlike FXCM, TopFX is not publicly traded. While both FXCM and TopFX are not banks, considering their regulatory standings helps prospective users make informed decisions based on their level of comfort with risk and regulation.

Feature FXCM logoFXCM
TopFX logoTopFX
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

FXCM and TopFX both earn 4 out of 5 stars for commissions and fees, yet their pricing structures lead to different all-in costs. FXCM ranks #25 out of 63 brokers in this category, while TopFX ranks #41 out of 63. On EUR/USD, FXCM’s commission account worked out to about 0.74 pips all-in (0.28-pip spread plus a 0.50-pip commission equivalent), making it cheaper than TopFX’s RAW account at roughly 0.88 pips all-in (0.33-pip spread plus a 0.55-pip commission equivalent). For spread-only pricing, FXCM’s standard account averaged 0.78 pips in the EU, U.K., and Australia versus 1.03 pips on TopFX’s ZERO account; however, FXCM’s St. Vincent and the Grenadines entity averaged a higher 1.38 pips.

FXCM’s overall forex pricing sits slightly above the industry average, but its commission-based and Active Trader options can narrow the gap. The Active Trader Rebate Program (not available in the U.K. or EU) offers five tiers with rebates from $5 to $25 per million traded, provided you trade at least $10 million per month. In the U.K., an example tier requires a $25,000 balance and at least $50 million in monthly volume, dropping the commission to $2.50 per side ($5 round turn) and yielding an effective EUR/USD spread near 0.78 pips (based on a 0.28-pip core). As with most brokers, spreads can widen during rollover or volatile market conditions.

TopFX keeps things simple with two accounts: the commission-based RAW and the spread-only ZERO. The RAW account charges 2.75 EUR per side (5.50 EUR per round turn), and based on July 2024 averages, its 0.33-pip EUR/USD spread plus a 0.55-pip commission equivalent puts the all-in cost around 0.88 pips, which is in line with the industry average. The ZERO account carries no commission but posted wider average spreads of 1.03 pips on EUR/USD. Minimum deposit requirements vary by payment method.

Feature FXCM logoFXCM
TopFX logoTopFX
Minimum Deposit info Starts from $50 Depends on payment method
Average Spread EUR/USD - Standard info 0.9 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments at FXCM and TopFX, TopFX offers more instruments overall. TopFX lists about 655 tradeable symbols and 60 forex pairs, while FXCM provides around 440 symbols and 46 forex pairs. Both brokers support forex trading as CFDs (and spot where available), and both offer copy trading. Neither broker provides access to exchange-traded shares on U.S. or international stock exchanges.

For crypto, neither FXCM nor TopFX lets you buy actual cryptocurrencies, but both offer cryptocurrency derivatives. In independent assessments of investment range, both earned 3.5 out of 5 stars. TopFX ranks slightly higher at 47th out of 63 brokers, with FXCM close behind at 48th. If your priority is a wider selection of markets and forex pairs, TopFX has a small edge, while the core features are similar across both brands.

Feature FXCM logoFXCM
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 655
Forex Pairs (Total) info 46 info 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Comparing FXCM and TopFX on trading platforms and tools: both brokers offer free demo accounts, Windows desktop and web-based platforms, MetaTrader 4 (MT4), and copy trading. FXCM also provides its own in-house platform and supports ZuluTrade, while TopFX does not offer a proprietary platform and does not support ZuluTrade. Neither broker offers MetaTrader 5 (MT5) or DupliTrade.

For charting, indicator counts weren’t specified for either broker. FXCM includes 10 drawing tools versus 15 at TopFX, and both let you place trades directly from charts. FXCM lists 13 watchlist fields compared with 7 at TopFX. Reflecting these differences, ForexBrokers.com rates FXCM 5 stars and ranks it #6 out of 63 for Trading Platforms and Tools, while TopFX earns 4 stars and ranks #46.

Feature FXCM logoFXCM
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info Yes info No
Charting - Indicators / Studies (Total) info 115 30
Charting - Drawing Tools (Total) info 10 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 13 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FXCM and TopFX both deliver mobile trading apps for iPhone and Android with core tools traders expect: price alerts, real-time quote watchlists, trendline drawing, multiple time frames, and auto-saved chart drawings. The biggest differences show up in charting depth and account syncing. FXCM’s app offers 59 technical studies and syncs watchlists with your online account so changes carry over between phone and web. TopFX includes 30 technical studies and does not sync watchlists across platforms.

For overall quality, FXCM earns 4.5 stars and ranks 16th out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while TopFX scores 4 stars and ranks 52nd. If you want a richer set of indicators and smooth watchlist syncing, FXCM is the stronger pick; if you mainly need alerts and straightforward charting on both iPhone and Android, TopFX can still meet everyday needs.

Feature FXCM logoFXCM
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at FXCM and TopFX, FXCM comes out ahead. FXCM provides daily market commentary (TopFX does not), plus news from top-tier sources like Bloomberg/Reuters and an economic calendar—both brokers offer those. Each broker includes Trading Central tools and a sentiment gauge showing the ratio of long vs. short positions. TopFX adds Autochartist for technical pattern spotting, which FXCM does not provide. According to ForexBrokers.com, FXCM earns 4.5/5 stars for Research and ranks #11 of 63 brokers, while TopFX earns 3/5 stars and ranks #61.

FXCM also offers TipRanks research, whereas TipRanks availability at TopFX is not specified. FXCM does not list Acuity Trading tools; Acuity availability at TopFX is not specified. In short, FXCM is the stronger pick if you want daily commentary, TipRanks, and broad third-party research alongside news and calendars. TopFX can appeal if Autochartist pattern analysis plus core news, calendars, Trading Central, and sentiment tools cover your needs.

Feature FXCM logoFXCM
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info Yes
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

FXCM clearly outpaces TopFX for beginner-friendly forex and CFD education. FXCM provides a full library of at least 10 educational pieces, runs online client webinars at least once a month, and keeps a searchable archive of past sessions. It also offers 10+ beginner videos, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms to help you learn the basics. By contrast, TopFX does not meet these benchmarks: it doesn’t offer a 10-piece education library, monthly webinars, a webinar archive, 10+ beginner or advanced videos, or a large investor glossary.

These differences show up in third-party ratings. FXCM earns 4.5 out of 5 stars for Education and ranks #14 out of 63 brokers on ForexBrokers.com. TopFX holds 3 out of 5 stars and ranks #62 out of 63. If your priority is guided learning with videos, webinars, and definitions in plain language, FXCM is the stronger choice for getting started.

Feature FXCM logoFXCM
TopFX logoTopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than TopFX. FXCM finished with an overall rank of #15, while TopFX finished with an overall rank of #62.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature FXCM logoFXCM
TopFX logoTopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 95 67
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with FXCM or TopFX?

Both FXCM and TopFX do not provide the option to buy actual delivered cryptocurrency, but each broker offers the capability to trade cryptocurrency derivatives.

What funding options does each broker offer?

FXCM provides a wider range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas TopFX supports PayPal, Skrill, Visa or Mastercard, and bank wires but lacks ACH and SEPA transfer capabilities.

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Overall Rating FXCM TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review FXCM Review TopFX Review
Broker Screenshots FXCM TopFX
Broker Gallery (click to expand) info
FXCM mobile app watchlist. FXCM web platform. FXCM research web articles market analysis. FXCM education articles
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation FXCM TopFX
Trust Score info 95 67
Year Founded info 1999 2010
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 4 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) FXCM TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) FXCM TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FXCM TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 655
Forex Pairs (Total) info 46 info 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 FXCM TopFX
Average Spread EUR/USD - Standard info 0.9 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding FXCM TopFX
Minimum Deposit info Starts from $50 Depends on payment method
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms FXCM TopFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info Yes info No
Trading Tools FXCM TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 13 7
Charting - Indicators / Studies (Total) info 115 30
Charting - Drawing Tools (Total) info 10 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research FXCM TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
TipRanks info Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education FXCM TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FXCM TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FXCM Review TopFX Review
Overall FXCM TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review FXCM Review TopFX Review
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