Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex is a well-established online broker that holds one Tier-1 license, marking it in the "average risk" category with a Trust Score of 71 according to ForexBrokers.com. Although not publicly traded nor a bank, Spreadex has carved out a niche in the online trading community over the years. This status indicates a moderate level of safety for those considering trading with them.
TopFX, established in 2010, also holds a single Tier-1 license, which suggests a similar level of credibility in terms of regulatory approval. However, its Trust Score stands at 67, classifying it as "high risk." Like Spreadex, TopFX is not publicly traded and does not operate as a bank. Those who choose TopFX should be aware of its lower trust score, which might be a factor to weigh when deciding between these two online brokers.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Spreadex keeps pricing simple with spreads only. In January 2024, the EUR/USD averaged 0.81 pips, and the minimum spread of 0.6 pips was available about 60% of the time. For commissions and fees, Spreadex is rated 4 stars and ranks #28 out of 63 brokers by ForexBrokers.com.
TopFX offers two pricing paths on MetaTrader and cTrader. The ZERO account is commission-free with wider spreads, averaging 1.03 pips on EUR/USD in July 2024. The RAW account adds a commission of 2.75 EUR per side (5.50 EUR per round turn per standard lot) and averaged 0.33 pips in spread; the commission equals about 0.55 pips, bringing the all-in cost to roughly 0.88 pips—around the industry average. The minimum deposit varies by payment method. TopFX is rated 4 stars for commissions and fees and ranks #41 out of 63.
Comparing typical EUR/USD costs: Spreadex’s 0.81-pip average under its quoted period comes in slightly lower than TopFX’s RAW all-in cost of about 0.88 pips and below the ZERO account’s 1.03 pips. That said, TopFX provides a choice between spread-only and commission-based pricing, while Spreadex emphasizes tight spreads that often reach 0.6 pips. Actual costs can vary with market conditions.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 0.81 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and TopFX both support forex trading via CFDs or spot contracts, and each offers cryptocurrency CFDs (neither supports buying actual crypto). Spreadex stands out with a much larger overall selection at about 10,000 tradeable symbols, while TopFX lists around 655. When it comes to currency pairs, TopFX has a slight edge with 60 forex pairs versus Spreadex’s 52. Neither broker lets you buy exchange-traded shares directly on U.S. or international exchanges (so you can’t purchase stocks like Apple or Vodafone outright).
There’s a key difference in tools: TopFX offers copy trading, whereas Spreadex does not. For Range of Investments, ForexBrokers.com rates Spreadex at 5 stars and ranks it #14 out of 63 brokers, while TopFX earns 3.5 stars and ranks #47. In short, choose Spreadex if you want a wider set of markets to trade, and consider TopFX if copy trading and a slightly larger lineup of forex pairs matter more to you.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 655 |
| Forex Pairs (Total) | 52 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Spreadex vs TopFX: both brokers offer free demo accounts for paper trading and let you place trades directly from charts. Spreadex provides its own in-house web platform, but it does not have a downloadable Windows desktop app and does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). TopFX, on the other hand, does not have a proprietary platform, but it supports both a web platform and a Windows desktop platform and offers MT4 access (MT5 is not available). For social and copy trading, TopFX is the only one of the two that provides it.
For Trading Platforms and Tools, both brokers earn 4 stars from ForexBrokers.com, with TopFX ranked #46 of 63 brokers and Spreadex ranked #47. In simple terms: pick Spreadex if you want a broker-built web platform and don’t need MT4 or copy trading; pick TopFX if you want MT4, a Windows desktop option, and copy trading features.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and TopFX both offer mobile trading apps for iPhone and Android, and each supports price alerts for stocks and forex. Neither broker syncs watchlists between the app and the web platform, so changes won’t carry over. Both mobile apps are rated 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps rankings, Spreadex is #47 out of 63 brokers, while TopFX is #52.
For charting, both apps let you draw trendlines. TopFX goes further with auto-saving for chart drawings and 30 technical studies, which is helpful if you use indicators and want your notes to stick. Spreadex does not auto-save drawings, and its number of technical studies isn’t specified. If you value more indicators and saved drawings, TopFX has the edge; if overall ranking matters more, Spreadex ranks higher in this category.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex edges ahead for day-to-day insight thanks to daily market commentary, while TopFX does not publish daily commentary. Both brokers stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones and both include Autochartist for technical and fundamental ideas. Only TopFX adds Trading Central, which can deepen chart and signal coverage. Each broker offers a sentiment tool showing long/short ratios and an economic calendar. Spreadex does not provide TipRanks or Acuity Trading tools; TopFX’s availability for TipRanks and Acuity Trading isn’t specified.
Overall, ForexBrokers.com rates Spreadex 4 out of 5 stars for research (ranked 32nd of 63), compared with TopFX at 3 out of 5 stars (ranked 61st of 63). Choose Spreadex if you want daily commentary alongside news, sentiment, and Autochartist; lean toward TopFX if Trading Central is a priority.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Spreadex vs TopFX for beginner trading education, Spreadex has a clear edge. It provides at least 10 beginner-focused videos covering forex and CFD basics, while TopFX does not meet that mark. Both brokers do not run monthly client webinars, and neither offers a library of 10+ advanced videos, so traders seeking deeper, ongoing instruction may find limited options.
Independent scores reflect this gap: ForexBrokers.com rates Spreadex 4 out of 5 stars for Education and places it 45th of 63 brokers, whereas TopFX earns 3 out of 5 stars and ranks 62nd. If you’re a newcomer who learns best through short videos, Spreadex is the more beginner-friendly choice; if live webinars or advanced paths are a priority, you may want to look elsewhere.
| Feature |
Spreadex
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than TopFX. Spreadex finished with an overall rank of #39, while TopFX finished with an overall rank of #62.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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TopFX
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| Trust Score | 71 | 67 |
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Online brokers Spreadex and TopFX do not offer the ability to buy actual (delivered) cryptocurrency, but both provide cryptocurrency CFD trading.
Spreadex vs TopFX: for deposits and withdrawals, both brokers do not support ACH or SEPA transfers; Spreadex also does not accept PayPal or Skrill and does allow bank wire transfers, with Visa/Mastercard availability unspecified, while TopFX’s availability of PayPal, Skrill, Visa/Mastercard cards, and bank wire transfers is not specified.
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 | Spreadex | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | TopFX Review |
| Broker Screenshots | Spreadex | TopFX | |
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| Regulation | Spreadex | TopFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 655 | |
| Forex Pairs (Total) | 52 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | Spreadex | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review | TopFX Review |
| Overall | Spreadex | TopFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | TopFX Review |
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