Written by ForexBrokers.com
In this head to head comparison of FOREX.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.
FOREX.com and TopFX are both established online brokers offering trading services, yet they differ significantly in terms of trust and regulatory standing. Established in 1999, FOREX.com boasts a strong reputation with a Trust Score of 99 out of 99 as rated by ForexBrokers.com, categorizing it as highly trusted. It holds seven Tier-1 licenses and one Tier-2 license, reassuring traders of its credibility. Furthermore, FOREX.com is a publicly traded company, adding a layer of transparency that can appeal to investors.
On the other hand, TopFX entered the market in 2010 and carries a Trust Score of 67, placing it in the high-risk category according to ForexBrokers.com. While it holds one Tier-1 license, it lacks Tier-2 licenses, which may raise concerns for some traders. Unlike FOREX.com, TopFX is not publicly traded, which might affect potential investors seeking a certain level of corporate governance. Despite these differences, both brokers continue to operate successfully without being banks.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com and TopFX differ in their approach to commissions and fees, catering to traders with varying preferences. FOREX.com offers multiple account types including the Standard and RAW accounts. While its Standard account is available for MetaTrader clients, it features higher average spreads of 1.4 pips on the EUR/USD for U.S. traders, appealing to those prioritizing market-maker execution. Conversely, the RAW account provides lower spreads of 0.13 pips with a commission, appealing to high-volume traders due to the availability of volume-based rebates and active trader discounts. With spreads nearing zero before commission for high-tier traders, FOREX.com rates at 4.5 stars, ranking 13th out of 62 brokers in the Commissions and Fees category on ForexBrokers.com.
TopFX simplifies choices with its TWO available account types: the commission-free ZERO account with higher average spreads of 1.03 pips on the EUR/USD, and the commission-based RAW account. The RAW account charges a 2.75 EUR commission per side, with an effective all-in cost roughly around 0.88 pips considering the average spread of 0.33 pips. While being close to the industry average, TopFX offers flexibility on trading platforms with MetaTrader and cTrader support. TopFX holds a 4-star rating and ranks 40th in the Commissions and Fees category by ForexBrokers.com, indicating a competitive yet straightforward pricing structure for traders.
In summary, FOREX.com might be suitable for traders seeking various execution methods and potential rebates, especially those trading over $50 million per month. In contrast, TopFX presents a more straightforward option with its two accounts, catering to both cost-conscious traders desiring commission-free trading and those willing to trade on narrower spreads with commissions. Each broker provides distinct benefits, allowing traders to choose based on their trading volume and platform preferences.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.4 | 1.03 |
| All-in Cost EUR/USD - Active | 0.9 | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 the range of investments available on FOREX.com and TopFX, both platforms offer forex trading as CFDs or spot contracts. FOREX.com provides access to an extensive selection of 5,500 tradeable symbols, including 91 forex pairs, while TopFX offers a more limited 655 symbols, featuring 60 forex pairs. Neither broker provides exchange-traded securities on U.S. or international exchanges, such as shares of Apple or Vodafone. However, both allow trading in cryptocurrency derivatives rather than actual cryptocurrencies. It's worth noting that only TopFX supports copy trading, a feature not available with FOREX.com.
In terms of range of investments, FOREX.com takes a clear lead with a rating of 5 stars, ranking 7th out of 62 brokers in the category, according to ForexBrokers.com. Meanwhile, TopFX receives a 3.5-star rating and stands at 46th place. This highlights FOREX.com's broader investment options, making it a more appealing choice for traders looking for variety.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 655 |
| Forex Pairs (Total) | 91 | 60 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 choosing between FOREX.com and TopFX for trading platforms and tools, several differences come to light. Both brokers provide free virtual demo accounts, offering users a chance to practice trading without financial risk. While FOREX.com stands out with its proprietary platform developed in-house, TopFX lacks this feature and instead relies on third-party platforms. Both offer downloadable trading software for Windows and user-friendly web-based platforms accessible through browsers. However, when it comes to advanced trading features, FOREX.com does not support copy trading whereas TopFX does, enabling a more social trading experience. Both brokers offer the popular MetaTrader 4 platform, but only FOREX.com supports MetaTrader 5, giving it an edge for traders looking for the latest functionalities.
In terms of analytical tools, FOREX.com offers an impressive array of 239 drawing tools, compared to TopFX's 15, enhancing charting capabilities. Both allow trading directly from stock charts, ensuring convenience and swift execution. When it comes to watch lists, FOREX.com offers detailed customization with 20 columns, while TopFX provides 7. Rated 5 stars for trading platforms and tools by ForexBrokers.com, FOREX.com clearly excels and ranks 7th out of 62 brokers in this category, highlighting a robust offering of features. In contrast, TopFX earns a respectable 4-star rating and ranks 44th, suggesting solid but not leading capabilities in platform features.
| Feature |
FOREX.com
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and TopFX, both platforms provide a comprehensive offering for traders on the go with apps available for iPhone and Android users. They both deliver essential features like stock and forex price alerts, the ability to draw trendlines on charts, and the capability to view a variety of time frames, such as daily, weekly, or intraday. Additionally, traders can create watchlists with real-time quotes across both platforms. However, where FOREX.com excels is in its functionality for syncing watchlist symbols between the mobile app and the client's online account, a feature TopFX does not offer.
Traders seeking in-depth charting tools will find FOREX.com's offering more compelling, with 88 technical studies compared to TopFX's 30. Furthermore, FOREX.com’s mobile app auto-saves chart drawings, adding a layer of convenience. FOREX.com scores a five-star rating for its mobile trading app, securing the position as the third-ranked out of 62 brokers by ForexBrokers.com, while TopFX trails with a four-star rating and a ranking of 51. This suggests that while both apps cater to mobile traders' foundational needs, FOREX.com provides a richer feature set and higher user satisfaction.
| Feature |
FOREX.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 | 88 | 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 FOREX.com and TopFX, certain differences stand out. FOREX.com provides daily market commentary, giving traders timely insights into market developments. In contrast, TopFX does not offer this feature. Both brokers supply forex news from top-tier sources such as Bloomberg and Reuters, ensuring that investors have access to credible information. On the technical analysis front, TopFX offers tools from Autochartist, a feature absent in FOREX.com's suite. However, both platforms provide tools from Trading Central, including Technical Analytics, helping traders make informed decisions.
In terms of sentiment analysis, both brokers offer tools displaying the ratio of long or short positions across different currency pairs. Additionally, each broker provides an economic calendar that showcases global news events that may influence market dynamics. Evaluating their overall research capabilities, FOREX.com boasts a 4.5-star rating and ranks 9th out of 62 brokers as rated by ForexBrokers.com. In comparison, TopFX holds a 3-star rating and comes in at 59th, indicating a more streamlined research experience for FOREX.com users.
| Feature |
FOREX.com
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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 offerings for beginners provided by FOREX.com and TopFX, FOREX.com clearly stands out as a top choice for new traders. FOREX.com provides an impressive array of educational tools, including more than 10 focused pieces such as articles, videos, and archived webinars dedicated to forex and CFD education. Beginners can also benefit from monthly online webinars and access their recordings through a searchable archive, allowing users to learn at their own pace. In addition to this, they offer comprehensive beginner and advanced video tutorials addressing key trading concepts along with an investor dictionary that defines over 50 investing terms. These resources contribute to FOREX.com's high education rating of 4.5 out of 5 stars and its recognition as the fourth-ranked broker out of 62 brokers in the Education category by ForexBrokers.com.
In contrast, TopFX offers substantially less in terms of educational resources for beginners. It does not meet the minimum threshold of 10 educational pieces focused on forex or CFDs, and lacks online webinars or access to archived sessions. TopFX also falls short in providing either beginner or advanced educational videos tailored to specific trading topics. Furthermore, the absence of a comprehensive investor dictionary highlights the limited scope of support for novice traders. As a result, TopFX's education rating stands at 3 out of 5 stars, ranking it at #60 in the Education category, reflecting a considerable gap compared to the comprehensive educational support found at FOREX.com.
| Feature |
FOREX.com
|
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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than TopFX. FOREX.com finished with an overall rank of #5, while TopFX finished with an overall rank of #61.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 67 |
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Both FOREX.com and TopFX do not offer the ability to buy actual delivered cryptocurrency but do offer the ability to buy cryptocurrency derivatives.
When comparing online brokers FOREX.com and TopFX, FOREX.com supports a wider range of deposit and withdrawal methods, including ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, whereas TopFX provides PayPal, Skrill, Visa, Mastercard, and bank wires, but lacks ACH and SEPA options.
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 | FOREX.com | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TopFX Review |
| Broker Screenshots | FOREX.com | TopFX | |
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| Regulation | FOREX.com | TopFX | |
|---|---|---|---|
| Trust Score | 99 | 67 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 655 | |
| Forex Pairs (Total) | 91 | 60 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | FOREX.com | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FOREX.com | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.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 | 88 | 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 | FOREX.com | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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) | Yes | No |
| Major Forex Pairs | FOREX.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 | FOREX.com Review | TopFX Review |
| Overall | FOREX.com | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TopFX Review |
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