Written by ForexBrokers.com
In this head to head comparison of FXGT.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.
FXGT.com, established in 2019, and TopFX, founded in 2010, are both online brokers not listed on any stock exchange nor affiliated with banking institutions. ForexBrokers.com evaluates trust levels based on licensing and each broker's Trust Score. FXGT.com and TopFX both hold one Tier-1 license, marking them as highly trusted in this regard. However, FXGT.com has an additional Tier-2 license, which TopFX lacks, indicating a slight edge in regulatory confidence.
When it comes to ForexBrokers.com's Trust Score, which ranges up to 99, FXGT.com scores a 69, placing it within the high-risk category. Meanwhile, TopFX earns a Trust Score of 67, similarly categorized. Although both brokers share comparable trust scores and are not publicly traded nor associated with banks, these subtle differences in licensing reflect slight variations in their regulatory standings.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Year Founded | 2019 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FXGT.com is rated 3.5 stars for commissions and fees, positioned at rank #56 out of 63 brokers according to ForexBrokers.com. Unfortunately, specific data on average spreads for FXGT.com is not available, which can make it harder for traders to assess potential costs directly associated with trades on this platform. This lack of detailed fee information might influence some traders looking for precise cost management.
On the other hand, TopFX boasts a higher rating of 4 stars in the same category, securing the #40 rank. It offers two distinct account types, both accessible via MetaTrader and cTrader. The spread-only ZERO account incurs no commissions but does present higher average spreads of 1.03 pips for the EUR/USD currency pair as of July 2024. Alternatively, the RAW account charges a commission of 2.75 EUR for each trade side (5.50 EUR per standard round-turn lot) with lower average spreads of 0.33 pips, culminating in an all-in cost around 0.88 pips, aligning with industry averages.
To summarize, while FXGT.com provides limited data on its trading costs, TopFX offers clarity and competitive fee structures through its two account options, making it preferable for some traders, particularly those who favor transparency and the ability to choose between spread-only or commission structures to suit their trading strategy.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Minimum Deposit | $5 | 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 | Yes | No |
| PayPal (Deposit/Withdraw) | No | 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 FXGT.com and TopFX in terms of the variety of investments available, both platforms allow for forex trading through CFD or spot contracts. FXGT.com offers 117 tradeable symbols, including 53 forex pairs, while TopFX provides a broader selection with 655 tradeable symbols and 60 forex pairs. Neither platform supports the trading of actual exchange-traded securities such as shares on U.S. or international exchanges, nor do they offer the purchase of actual cryptocurrencies. However, both brokers do provide copy trading features and allow for trading in cryptocurrency derivatives.
In a head-to-head comparison, TopFX comes out on top with a slightly higher range of investments rating, having earned 3.5 stars against FXGT.com's 3-star rating. On the ForexBrokers.com ranking, FXGT.com is placed at #61, while TopFX is at a more favorable #46, out of 63 brokers in the Range of Investments category. This suggests that traders seeking a more diverse array of trading opportunities might find TopFX a better choice compared to FXGT.com.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 655 |
| Forex Pairs (Total) | 53 | 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 FXGT.com and TopFX for their trading platforms and tools, both brokers offer a virtual demo account for simulated trading, which is great for beginners and experienced traders alike. Neither platform offers a proprietary platform, but both provide a Windows-based desktop download and a web-based trading platform, making it convenient to trade from various devices. Additionally, both offer the popular MetaTrader 4 (MT4) with FXGT.com also supporting MetaTrader 5 (MT5), giving traders access to enhanced features. Both platforms support copy trading, yet neither offers integration with services like DupliTrade or ZuluTrade, which may limit options for traders interested in automated trading.
FXGT.com and TopFX each enable trading from stock charts, ensuring seamless transitions between analysis and execution. FXGT.com offers a more extensive suite of charting tools with 23 drawing tools compared to TopFX's 15, which may appeal to traders focusing on chart analysis. However, TopFX provides more watch list customization with seven columns compared to FXGT.com's five. Both brokers receive a solid four-star rating for their trading platforms and tools. Despite this, TopFX holds a higher ranking at #45 among 63 brokers on ForexBrokers.com, while FXGT.com ranks at #56, potentially indicating a broader appeal or additional features for those prioritizing platform tools and capabilities.
| Feature |
FXGT.com
|
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) | 37 | 30 |
| Charting - Drawing Tools (Total) | 23 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXGT.com and TopFX, both platforms offer apps for iPhone and Android, making them accessible to a wide range of users. They provide essential features such as stock and forex price alerts and the capability to draw trendlines on charts. Both apps also support viewing multiple time frames and autosave chart drawings to streamline the trading experience. Each offers up to 30 technical studies for in-depth charting analysis. However, when it comes to syncing watchlist symbols, FXGT.com ensures seamless integration with its online account, allowing for real-time synchronization, whereas TopFX lacks this functionality.
Despite their similarities, some differences set them apart in user ratings and rankings. FXGT.com has a rating of 3.5 stars for its mobile trading app, ranking 58th out of 63 brokers according to ForexBrokers.com. Meanwhile, TopFX scores slightly better, with a 4-star rating and a higher position at 51st in the same ranking. These differences may influence traders who prioritize user ratings and performance metrics when choosing their mobile trading platform.
| Feature |
FXGT.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 | 30 | 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 it comes to market research offerings, FXGT.com and TopFX have their distinctions worth noting. Neither broker provides daily market commentary, but when it comes to forex news from well-regarded sources like Bloomberg or Reuters, TopFX stands out by offering this valuable information. Additionally, TopFX takes the lead with technical tools from Autochartist and Trading Central, both of which are absent from FXGT.com's lineup. However, in terms of sentiment-based trading tools, both platforms deliver equally, offering insights into long or short positions across various currency pairs.
Both FXGT.com and TopFX include economic calendars to keep traders informed about global events that might impact their strategies. Despite these features, neither broker incorporates research tools from TipRanks or Acuity Trading. Interestingly, both FXGT.com and TopFX receive a research rating of 3 stars, reflecting moderate satisfaction in this area. In the broader competition, FXGT.com ranks slightly higher, sitting at 56th compared to TopFX's 60th place out of 63 brokers assessed by ForexBrokers.com. Overall, each platform has its strengths, and traders might choose based on specific needs like forex news sources or technical analysis tools.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FXGT.com and TopFX for their educational resources tailored to beginners, both trading platforms come up short. Neither broker offers a comprehensive selection of educational materials, each failing to provide a minimum of 10 pieces like articles, videos, or archived webinars that focus on forex or CFDs. Furthermore, both FXGT.com and TopFX lack monthly online educational webinars and a repository of past webinar recordings, leaving beginners with limited access to valuable learning experiences.
While neither FXGT.com nor TopFX excels in delivering targeted educational content for beginners or advanced traders, FXGT.com does slightly edge out its competitor by offering an investor dictionary featuring over 50 investing terms, a resource that can aid new traders in grasping basic market terminology. Both brokers received a three-star rating for their educational offerings, placing FXGT.com at rank #60 and TopFX at #61 among 63 brokers in the education category according to ForexBrokers.com.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 FXGT.com is better than TopFX. FXGT.com finished with an overall rank of #59, while TopFX finished with an overall rank of #62.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 67 |
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Both FXGT.com and TopFX provide options for trading cryptocurrency derivatives but do not offer the ability to purchase actual, delivered cryptocurrencies.
FXGT.com provides ACH and SEPA transfer options, along with Visa, Mastercard, and bank wire deposit and withdrawal methods, while TopFX supports PayPal, Skrill, Visa, Mastercard, and bank wire transactions, but does not offer 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 | FXGT.com | TopFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | FXGT.com | TopFX | |
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| Regulation | FXGT.com | TopFX | |
|---|---|---|---|
| Trust Score | 69 | 67 | |
| Year Founded | 2019 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FXGT.com | 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 | FXGT.com | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 655 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | 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 | FXGT.com | TopFX | |
|---|---|---|---|
| Minimum Deposit | $5 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | 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 | FXGT.com | 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 | FXGT.com | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 23 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXGT.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 | 30 | 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 | FXGT.com | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXGT.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 | TopFX Review |
| Overall | FXGT.com | TopFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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