Written by ForexBrokers.com
In this head to head comparison of Forex4you 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.
Forex4you, established in 2007, and TopFX, which began operations in 2010, are both online brokers that do not publicly trade or operate as banks. When it comes to regulatory standing, TopFX has an edge with one Tier-1 license, signifying it as more reliable according to ForexBrokers.com standards. Forex4you, in contrast, does not possess any Tier-1 or Tier-2 licenses, which may impact its perceived reliability.
ForexBrokers.com offers a Trust Score rating to indicate reliability, with Forex4you scoring 61, placing it in the high-risk category. Meanwhile, TopFX has a slightly higher Trust Score of 67, also categorized as high risk but leaning more toward the average risk boundary. In light of this, potential clients may find TopFX's regulatory position and trust rating slightly more appealing than Forex4you's, despite both being in the high-risk range.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Forex4you and TopFX regarding their commissions and fees, there are notable differences to consider. Forex4you does not provide average spread data, making its fee structure less transparent compared to TopFX. However, in terms of user ratings, Forex4you earns 3.5 out of 5 stars. According to ForexBrokers.com, it ranks at number 53 out of 62 brokers in this category, indicating room for improvement in its fee offerings.
TopFX, on the other hand, gives traders two main account options to work with: the ZERO account and the RAW account, both accessible through MetaTrader and cTrader. The ZERO account is free of commissions, boasting average spreads of 1.03 pips on popular currency pairs like the EUR/USD as of July 2024. Meanwhile, the RAW account charges a straightforward commission rate of 2.75 EUR per trade side with a minimal equivalent spread of 0.33 pips, bringing total costs to approximately 0.88 pips, a figure that aligns with industry averages. With a user rating of 4 out of 5 stars, TopFX ranks better than Forex4you, sitting at number 40 out of 62 brokers for commissions and fees on ForexBrokers.com.
Overall, TopFX stands out slightly over Forex4you when it comes to transparent and competitive pricing, bolstered by its more favorable ranking and higher user satisfaction rating in the commissions and fees category. Traders may find the choice between commission-based and spread-only account options at TopFX a more adaptable fit to various trading strategies.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Minimum Deposit | $0 | 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 | No | No |
| PayPal (Deposit/Withdraw) | No | 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 comparing the range of investments offered by Forex4you and TopFX, both provide an opportunity to trade forex either as a CFD or a spot contract. However, TopFX has a broader selection of tradeable symbols, offering 655 compared to Forex4you's 150. In terms of tradeable forex pairs, TopFX again surpasses Forex4you, providing 60 pairs against Forex4you's 43. Neither broker allows trading in exchange-traded securities on U.S. or international exchanges, such as buying Apple or Vodafone shares directly. Despite this limitation, both platforms provide the option for copy trading, allowing users to replicate the trades of successful investors.
For those interested in cryptocurrencies, both Forex4you and TopFX offer the ability to trade cryptocurrency derivatives, but not to purchase actual cryptocurrencies. Forex4you and TopFX both receive a rating of 3.5 out of 5 stars for their range of investments. However, according to ForexBrokers.com, TopFX is ranked slightly higher at #46, while Forex4you is placed at #58 out of 62 brokers in the same category. This suggests that while both brokers provide similar services, TopFX might offer a more comprehensive selection for enthusiasts seeking a wide array of trading options.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 655 |
| Forex Pairs (Total) | 43 | 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.
Forex4you and TopFX both provide comprehensive trading platforms and features that cater to various trader needs. Both brokers offer free virtual demo accounts, allowing users to simulate trading activities and hone their strategies without financial risk. Forex4you stands out with its proprietary platform, designed in-house, whereas TopFX lacks this feature, utilizing third-party platforms instead. When it comes to desktop and web-based trading platforms, both Forex4you and TopFX offer Windows-based software and web browsers, ensuring flexibility and access from different devices.
For traders interested in social trading, both Forex4you and TopFX provide copy trading options. While both brokers support the widely-used MetaTrader 4 (MT4) platform, only Forex4you offers access to the upgraded MetaTrader 5 (MT5). Neither broker offers DupliTrade or ZuluTrade, but both include essential charting tools, with 15 drawing tools available. They also allow traders to execute trades directly from stock charts. Although Forex4you ranks slightly lower than TopFX in the ForexBrokers.com Trading Platforms and Tools category, both have been rated 4 stars for their platform offerings, indicating a solid performance in satisfying traders’ demands.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Forex4you and TopFX offer impressive mobile trading apps available for iPhone and Android devices, catering well to traders on the go. Users of both apps can receive stock or forex price alerts and have the convenience of numerous features designed to enhance trading experiences. For instance, they both support the drawing of trendlines on charts and allow users to view different time frames such as daily, weekly, and intraday. With 30 technical studies available for charting, traders are well-equipped with tools necessary for thorough analysis.
While Forex4you and TopFX mobile apps enable the creation of watchlists featuring real-time quotes, they do not yet offer watchlist symbol syncing with online accounts. However, automatic saving of chart drawings is available, ensuring that traders don't lose their important annotations. Both platforms have earned a commendable 4-star rating for their mobile trading apps. Despite these similarities, Forex4you slightly edges out TopFX with a #50 ranking among 62 brokers by ForexBrokers.com, compared to TopFX's #51 ranking, reflecting subtle differences in user preference and satisfaction.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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.
Forex4you and TopFX both provide a range of resources for market research, but their offerings have some notable differences. Forex4you delivers daily market commentary and reports forex news from recognized sources like Bloomberg and Reuters, giving traders insightful analysis and timely updates. In addition to this, Forex4you employs tools from Autochartist and Trading Central, enhancing its analytical capabilities. However, Forex4you does not offer sentiment-based trading tools or research from TipRanks and Acuity Trading. An economic calendar is available to aid in global news event tracking.
On the other hand, TopFX also streams forex news from top-tier providers and offers technical analysis tools from Autochartist and Trading Central, placing it on par with Forex4you in these areas. What sets TopFX apart is its sentiment-based trading tool, which helps users gauge market sentiment with ratios of long and short positions. However, like Forex4you, it lacks resources from TipRanks and Acuity Trading. TopFX also offers an economic calendar for comprehensive news coverage. While Forex4you receives a higher research rating of 3.5 stars, ranking 47th among 62 brokers, TopFX is rated at 3 stars, ranking 59th in research according to ForexBrokers.com.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Forex4you stands out for its educational resources aimed at those new to trading. This online broker provides a substantial library of over ten educational pieces focused on forex and CFDs, including articles and videos. However, it lacks regular online educational webinars and does not offer a set of beginner videos or an investor dictionary. Despite these gaps, Forex4you supports learners with a searchable archive of past webinars, earning a commendable 3.5-star rating for education from industry experts. This commitment to educational content places Forex4you at a respectable 25th out of 62 in the rankings by ForexBrokers.com.
On the other hand, TopFX does not maintain a dedicated educational section with the necessary resources, like Forex4you does. The broker fails to meet the minimum offering of educational materials on forex or CFDs and does not provide access to past webinars or specialized beginner content. With no investor dictionary available, TopFX offers a limited educational experience, earning it a moderate 3-star rating for education. As a result, it ranks 60th among 62 brokers in the education category according to ForexBrokers.com, indicating room for improvement in providing accessible learning opportunities for beginners.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Forex4you is better than TopFX. Forex4you finished with an overall rank of #55, while TopFX finished with an overall rank of #61.
| Feature |
Forex4you
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 61 | 67 |
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Both Forex4you and TopFX do not offer the ability to buy actual (delivered) cryptocurrency but do provide options to invest in cryptocurrency derivatives.
While both Forex4you and TopFX provide options for depositing and withdrawing funds via Skrill, Visa, Mastercard, and bank wires, only TopFX offers the additional convenience of using PayPal, although 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.
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0 of 5| Overall Rating | Forex4you | TopFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Forex4you | TopFX | |
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| Regulation | Forex4you | TopFX | |
|---|---|---|---|
| Trust Score | 61 | 67 | |
| Year Founded | 2007 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Forex4you | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Forex4you | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Forex4you | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 655 | |
| Forex Pairs (Total) | 43 | 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 | Forex4you | 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 | Forex4you | TopFX | |
|---|---|---|---|
| Minimum Deposit | $0 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | 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 | Forex4you | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Forex4you | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Forex4you | 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 | 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 | Forex4you | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Forex4you | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Forex4you | TopFX | |
|---|---|---|---|
| GBP/USD | No | Yes | |
| USD/JPY | No | Yes | |
| EUR/USD | No | Yes | |
| USD/CHF | No | Yes | |
| USD/CAD | No | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | No | Yes | |
| Review | TopFX Review |
| Overall | Forex4you | TopFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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