Written by ForexBrokers.com
In this head to head comparison of XTB 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.
XTB, established in 2002, stands out as a highly trusted online broker with a Trust Score of 96 according to ForexBrokers.com. It is publicly traded and holds two Tier-1 and two Tier-2 licenses, which speak to its strong regulatory standing. Although XTB is not a bank, its regulatory framework and high trust score make it a popular choice for investors seeking stability and transparency in the trading process.
TopFX, founded in 2010, carries a Trust Score of 67, indicating a higher risk rating compared to XTB. Unlike XTB, TopFX is not publicly traded and holds only one Tier-1 license, with no Tier-2 licenses. This narrower regulatory backing may influence investor perception. Both brokers are non-banking institutions, yet XTB's broader licensing and higher trust score provide a more reassuring option for those concerned about regulation and trust.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Year Founded | 2002 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing XTB and TopFX in terms of commissions and fees, both brokers offer differing account structures that cater to a range of traders. XTB provides a spread-only Standard account and a commission-based Professional account, though the Pro account is being phased out and is only accessible to clients who qualify as elective professionals in Europe and the UK. Average forex spreads for XTB's Standard account stand at 1 pip for EUR/USD as of Q4 2023, which is about the industry average. XTB’s Standard account has a minimum deposit of 250 in your base currency, making it a pragmatic choice for retail traders. For XTB's active traders in the EU, a rebate of up to 30% on the spread is achievable via their Lower Spread Group program. XTB earns a commendable 4.5-star rating and is ranked 11th out of 63 brokers for commissions and fees.
TopFX, meanwhile, offers the spread-only ZERO account and a commission-based RAW account, both accessible on MetaTrader and cTrader platforms. The RAW account entails a commission of 2.75 EUR per side, with overall costs averaging around 0.88 pips for EUR/USD, aligning with industry norms. Conversely, the ZERO account bears no commission charges but has higher average spreads of 1.03 pips as observed in July 2024. The choice between TopFX account types largely hinges on the trader's preference for either paying a direct commission or accepting higher spreads. TopFX scores 4 stars and is ranked 40th out of 63 brokers by ForexBrokers.com in this category.
In summary, while both brokers provide options that suit different trading preferences, XTB’s offerings seem more attractive to retail traders, particularly with their rebate program for active traders, leading to a slightly higher rating and ranking. This suggests an edge over TopFX in terms of cost-effectiveness and incentives for frequent traders. However, the right choice ultimately depends on individual trading strategies and the preference for either spread costs or direct commissions.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.00 | 1.03 |
| All-in Cost EUR/USD - Active | 1.00 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When exploring the diverse investment options available at XTB and TopFX, some important differences come to light. XTB stands out with an impressive 7,184 tradeable symbols compared to TopFX's 655. This broader range includes 71 forex pairs, while TopFX offers 60. Notably, XTB allows investors to buy exchange-traded securities on both U.S. and international exchanges, providing access to stocks such as Apple on NASDAQ and Vodafone on the London Stock Exchange. In contrast, TopFX does not offer the option to purchase these securities directly. Both platforms do, however, provide the opportunity to engage in forex trading as CFDs or spot contracts and allow for trading cryptocurrency derivatives.
While TopFX supports copy trading, a feature not available with XTB, the latter's extensive investment range has earned it a 5-star rating and a ranking of 14th out of 63 brokers by ForexBrokers.com. On the other hand, TopFX received a 3.5-star rating and is ranked 46th in the same category. It's clear that XTB provides a more extensive suite of investment opportunities, appealing to those seeking a wide array of assets to trade, whereas TopFX offers a more focused experience with the added benefit of copy trading for investors looking to mirror trades.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 655 |
| Forex Pairs (Total) | 71 | 60 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 XTB to TopFX, both platforms offer potential traders the benefit of simulated trading with free virtual demo accounts, making it easier for beginners to practice without financial risk. A key difference between the two is that XTB provides a proprietary trading platform developed in-house, while TopFX does not, relying instead on established platforms like MetaTrader 4 (MT4), which XTB does not support. Both brokers feature Windows-based desktop and web-based trading platforms, ensuring flexibility for users across different devices.
While XTB lacks copy trading options available with TopFX, it shines in other areas, such as providing 32 drawing tools for charting compared to TopFX’s 15. Additionally, XTB offers the ability to trade directly from a stock chart, similar to TopFX, and provides eight columns for watch lists, slightly more than TopFX's seven. Rated 4.5 stars and ranked 9th out of 63 brokers by ForexBrokers.com for their trading platforms and tools, XTB edges out TopFX, which has a 4-star rating and is ranked 45th in the same category.
| Feature |
XTB
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and TopFX provide traders with reliable mobile trading apps for iPhone and Android, offering a seamless experience across devices. Their apps include essential features such as stock and forex price alerts and enable users to draw trendlines and view multiple time frames on charts. Both platforms let users create watchlists with real-time quotes, though watchlist symbol syncing is not available on either app. While XTB boasts a broader range of technical studies with 39 options compared to TopFX's 30, both apps automatically save chart drawings, ensuring user modifications are preserved with ease.
When it comes to ratings, XTB receives a commendable 4.5 out of 5 stars, showing a slight edge over TopFX, which holds a 4-star rating. Ranked #8 by ForexBrokers.com in their Mobile Trading Apps category, XTB stands out among 63 brokers for its app excellence. In contrast, TopFX ranks at #51 in the same category, indicating distinct differences in user satisfaction. These rankings highlight XTB's stronger performance in providing a more comprehensive and polished mobile trading experience.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 comparing the market research offerings of XTB and TopFX, several key differences emerge. XTB stands out by providing daily market commentary, a valuable resource that is not available with TopFX. Both brokers offer forex news from reputable sources like Bloomberg, Reuters, and Dow Jones, ensuring that traders have access to high-quality, timely information. XTB also offers a sentiment-based trading tool to help users gauge market trends, similar to TopFX. Additionally, both brokers provide an economic calendar to keep traders informed about global news events.
While XTB shines with its offering, TopFX leads in providing technical analysis tools from Autochartist and Trading Central, which can be incredibly useful for traders focusing on technical and fundamental research. However, neither broker offers market research tools from companies like TipRanks and Acuity Trading. When it comes to overall research capabilities, XTB is highly rated with 5 stars and is ranked 7th among 63 brokers by ForexBrokers.com. In contrast, TopFX holds a 3-star rating and ranks 60th in the same category, highlighting XTB's superior position in providing market research tools and resources.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | 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 the educational resources for beginners between XTB and TopFX, XTB comes out on top by a significant margin. XTB provides a wide array of over 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. They also offer monthly live webinars for clients and have a well-stocked, searchable archive of recorded sessions. With informative content that spans both beginner and advanced trading topics, XTB ensures new traders have access to a comprehensive learning experience. While they lack an investor dictionary, their overall educational offerings have earned them a 5-star rating and a top-notch rank of #11 out of 63 brokers according to ForexBrokers.com.
In contrast, TopFX offers more limited educational resources, which might not be as beneficial for those just starting in trading. They do not provide the minimum 10 educational pieces centered on forex or CFDs and lack both live webinars and archived sessions. The absence of dedicated beginner or advanced video tutorials further underscores the limited scope of resources available through TopFX. Without an investor dictionary, their educational tools for traders fall short, resulting in a modest 3-star rating and a lower rank of #61 out of 63 brokers in the ForexBrokers.com education category. For beginners seeking thorough guidance and educational support, XTB is the more favorable choice.
| Feature |
XTB
|
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) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than TopFX. XTB finished with an overall rank of #7, while TopFX finished with an overall rank of #62.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 96 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both XTB and TopFX do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
Both XTB and TopFX provide convenient options for funding and withdrawing from trading accounts, including PayPal, Skrill, Visa or Mastercard, and bank wires, but neither 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XTB | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | TopFX Review |
| Broker Screenshots | XTB | TopFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | XTB | TopFX | |
|---|---|---|---|
| Trust Score | 96 | 67 | |
| Year Founded | 2002 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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) | 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) | XTB | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 655 | |
| Forex Pairs (Total) | 71 | 60 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XTB | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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) | No | No |
| Major Forex Pairs | XTB | 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 | XTB Review | TopFX Review |
| Overall | XTB | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill